0001752724-24-126913.txt : 20240530 0001752724-24-126913.hdr.sgml : 20240530 20240529210407 ACCESSION NUMBER: 0001752724-24-126913 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20240331 FILED AS OF DATE: 20240530 DATE AS OF CHANGE: 20240529 PERIOD START: 20241231 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AIM VARIABLE INSURANCE FUNDS (INVESCO VARIABLE INSURANCE FUNDS) CENTRAL INDEX KEY: 0000896435 ORGANIZATION NAME: IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-07452 FILM NUMBER: 241000488 BUSINESS ADDRESS: STREET 1: 11 GREENWAY PLAZA STREET 2: SUITE 1000 CITY: HOUSTON STATE: TX ZIP: 77046 BUSINESS PHONE: 7136261919 MAIL ADDRESS: STREET 1: 11 GREENWAY PLAZA STREET 2: SUITE 1000 CITY: HOUSTON STATE: TX ZIP: 77046 FORMER COMPANY: FORMER CONFORMED NAME: AIM VARIABLE INSURANCE FUNDS DATE OF NAME CHANGE: 20000719 FORMER COMPANY: FORMER CONFORMED NAME: AIM VARIABLE INSURANCE FUNDS INC DATE OF NAME CHANGE: 19930714 0000896435 S000073042 Invesco(R) V.I. Nasdaq 100 Buffer Fund - September C000229827 Series II C000229828 Series I NPORT-P 1 primary_doc.xml NPORT-P false 0000896435 XXXXXXXX S000073042 C000229827 C000229828 AIM Variable Insurance Funds (Invesco Variable Insurance Funds) 811-07452 0000896435 FC4UULIMJMGKBDUARB13 11 Greenway Plaza Suite 1000 Houston 77046-1173 800-959-4246 Invesco V.I. NASDAQ 100 Buffer Fund - September S000073042 54930020BKPHXS3BYL94 2024-12-31 2024-03-31 N 10278617.41 678950.87 9599666.54 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 N NASDAQ 100 Index 100% NDQ-100 Invesco Treasury Portfolio 5493004B3TM8ZIDDDC39 Invesco Treasury Portfolio, Institutional Class 825252406 114341.42000000 NS USD 114341.42000000 1.191097831612 Long STIV RF US N 1 N N N Invesco Liquid Assets Portfolio 549300DC1W0JSX3QRC47 Invesco Liquid Assets Portfolio 825252729 71442.18300000 NS USD 71470.76000000 0.744512944300 Long STIV RF US N 1 N N N Invesco Government & Agency Portfolio 5493007T1J7WZ5QI1A47 Invesco Government & Agency Portfolio, Institutional Class 825252885 100368.21000000 NS USD 100368.21000000 1.045538504715 Long STIV RF US N 1 N N N N/A N/A NASDAQ 100 Index Option N/A 4.00000000 NC USD 7117383.67000000 74.14198858203 N/A DE N/A N 2 UBS AG I7331LVCZKQKX5T7XV54 Call Purchased NASDAQ 100 Stock Index NDX N/A 100.00000000 441.46000000 USD 2024-09-30 XXXX 1443175.54000000 N N N N/A N/A NASDAQ 100 Index Option N/A -4.00000000 NC USD -680771.22000000 -7.09161320513 N/A DE N/A N 2 UBS AG I7331LVCZKQKX5T7XV54 Call Written NASDAQ 100 Stock Index NDX N/A 100.00000000 17496.42000000 USD 2024-09-30 XXXX -510087.35000000 N N N N/A N/A NASDAQ 100 Index Option N/A -4.00000000 NC USD -24777.77000000 -0.25811073641 N/A DE N/A N 2 UBS AG I7331LVCZKQKX5T7XV54 Put Written NASDAQ 100 Stock Index NDX N/A 100.00000000 13243.72000000 USD 2024-09-30 XXXX 210654.10000000 N N N N/A N/A NASDAQ 100 Index Option N/A 4.00000000 NC USD 49493.90000000 0.515579367197 N/A DE N/A N 2 UBS AG I7331LVCZKQKX5T7XV54 Put Purchased NASDAQ 100 Stock Index NDX N/A 100.00000000 14715.24000000 USD 2024-09-30 XXXX -368430.23000000 N N N N/A N/A Invesco QQQ Trust, Series 1 Option N/A 73.00000000 NC USD 3161892.30000000 32.93752222355 N/A DE N/A N 2 Chicago Board Options Exchange N/A Call Purchased Invesco QQQ Trust, Series 1 Invesco QQQ Trust, Series 1 100.00000000 10.75000000 USD 2024-09-30 XXXX 157459.33000000 N N N N/A N/A Invesco QQQ Trust, Series 1 Option N/A -73.00000000 NC USD -10598.77000000 -0.11040768922 N/A DE N/A N 2 Chicago Board Options Exchange N/A Put Written Invesco QQQ Trust, Series 1 Invesco QQQ Trust, Series 1 100.00000000 322.44000000 USD 2024-09-30 XXXX 10555.08000000 N N N N/A N/A Invesco QQQ Trust, Series 1 Option N/A 73.00000000 NC USD 21351.46000000 0.222418767475 N/A DE N/A N 2 Chicago Board Options Exchange N/A Put Purchased Invesco QQQ Trust, Series 1 Invesco QQQ Trust, Series 1 100.00000000 358.27000000 USD 2024-09-30 XXXX -21274.51000000 N N N N/A N/A Invesco QQQ Trust, Series 1 Option N/A -73.00000000 NC USD -301365.81000000 -3.13933623365 N/A DE N/A N 2 Chicago Board Options Exchange N/A Call Written Invesco QQQ Trust, Series 1 Invesco QQQ Trust, Series 1 100.00000000 425.98000000 USD 2024-09-30 XXXX -75913.58000000 N N N 2024-04-30 AIM Variable Insurance Funds (Invesco Variable Insurance Funds) Adrien Deberghes Adrien Deberghes Principal Financial Officer and Treasurer XXXX NPORT-EX 2 edgar.htm
Schedule of Investments  
March 31, 2024
(Unaudited)
  Shares Value
Money Market Funds–2.98%
Invesco Government & Agency Portfolio, Institutional Class, 5.24%(a)(b) 100,368    $100,368
Invesco Liquid Assets Portfolio, Institutional Class, 5.35%(a)(b) 71,442     71,471
Invesco Treasury Portfolio, Institutional Class, 5.21%(a)(b) 114,341    114,341
Total Money Market Funds (Cost $286,179) 286,180
  Shares Value
Options Purchased–107.80%
(Cost $9,139,191)(c) $10,350,122
TOTAL INVESTMENTS IN SECURITIES–110.78% (Cost $9,425,370) 10,636,302
OTHER ASSETS LESS LIABILITIES—(10.78)% (1,034,833)
NET ASSETS–100.00% $9,601,469
 
Notes to Schedule of Investments:
(a) Affiliated holding. Affiliated holdings are investments in entities which are under common ownership or control of Invesco Ltd. or are investments in entities in which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund’s transactions in, and earnings from, its investments in affiliates for the three months ended March 31, 2024.
    
  Value
December 31, 2023 		Purchases
at Cost 		Proceeds
from Sales 		Change in
Unrealized
Appreciation
(Depreciation) 		Realized
Gain
(Loss) 		Value
March 31, 2024 		Dividend Income
Investments in Affiliated Money Market Funds:              
Invesco Government & Agency Portfolio, Institutional Class $132,163 $236,997 $(268,792) $- $- $100,368 $1,564
Invesco Liquid Assets Portfolio, Institutional Class 94,207 169,283 (191,993) (14) (12) 71,471 1,149
Invesco Treasury Portfolio, Institutional Class 150,679 270,854 (307,192) - - 114,341 1,778
Total $377,049 $677,134 $(767,977) $(14) $(12) $286,180 $4,491
    
(b) The rate shown is the 7-day SEC standardized yield as of March 31, 2024.
(c) The table below details options purchased.
    
Open Equity Options Purchased
Description Type of
Contract 		Expiration
Date 		Number of
Contracts 		Exercise
Price 		Notional
Value(a) 		Value
Equity Risk
Invesco QQQ Trust, Series 1 Call 09/30/2024 73 USD 10.75 USD 78,475 $ 3,161,892
Equity Risk
Invesco QQQ Trust, Series 1 Put 09/30/2024 73 USD 358.27 USD 2,615,371 21,352
Total Open Equity Options Purchased           $3,183,244
    
(a) Notional Value is calculated by multiplying the Number of Contracts by the Exercise Price by the multiplier.
    
Open Index Options Purchased
Description Type of
Contract 		Expiration
Date 		Number of
Contracts 		Exercise
Price 		Notional
Value(a) 		Value
Equity Risk          
NASDAQ 100 Index Call 09/30/2024 4 USD 441.46 USD 176,584 $ 7,117,384
Equity Risk          
NASDAQ 100 Index Put 09/30/2024 4 USD 14,715.24 USD 5,886,096 49,494
Total Open Index Options Purchased         $7,166,878
    
(a) Notional Value is calculated by multiplying the Number of Contracts by the Exercise Price by the multiplier.
    
Open Equity Options Written
Description Type of
Contract 		Expiration
Date 		Number of
Contracts 		Exercise
Price 		Notional
Value(a) 		Value
Equity Risk
Invesco QQQ Trust, Series 1 Call 09/30/2024 73 USD 425.98 USD 3,109,654 $ (301,366)
Equity Risk
Invesco QQQ Trust, Series 1 Put 09/30/2024 73 USD 322.44 USD 2,353,812 (10,599)
Total Open Equity Options Written       $(311,965)
    
See accompanying notes which are an integral part of this schedule.
Invesco® V.I. Nasdaq 100 Buffer Fund - September
(a) Notional Value is calculated by multiplying the Number of Contracts by the Exercise Price by the multiplier.
    
Open Index Options Written
Description Type of
Contract 		Expiration
Date 		Number of
Contracts 		Exercise
Price 		Notional
Value(a) 		Value
Equity Risk
NASDAQ 100 Index Call 09/30/2024 4 USD 17,496.42 USD 6,998,568 $ (680,771)
Equity Risk
NASDAQ 100 Index Put 09/30/2024 4 USD 13,243.72 USD 5,297,488 (24,778)
Total Open Index Options Written       $(705,549)
    
(a) Notional Value is calculated by multiplying the Number of Contracts by the Exercise Price by the multiplier.
    
Abbreviations:
USD —U.S. Dollar
The valuation policy and a listing of other significant accounting policies are available in the most recent shareholder report.
See accompanying notes which are an integral part of this schedule.
Invesco® V.I. Nasdaq 100 Buffer Fund - September
Notes to Quarterly Schedule of Portfolio Holdings
March 31, 2024
(Unaudited)
NOTE 1—Additional Valuation Information
Generally Accepted Accounting Principles ("GAAP") defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date, under current market conditions. GAAP establishes a hierarchy that prioritizes the inputs to valuation methods, giving the highest priority to readily available unadjusted quoted prices in an active market for identical assets (Level 1) and the lowest priority to significant unobservable inputs (Level 3), generally when market prices are not readily available. Based on the valuation inputs, the securities or other investments are tiered into one of three levels. Changes in valuation methods may result in transfers in or out of an investment’s assigned level:
Level 1 – Prices are determined using quoted prices in an active market for identical assets.
Level 2 – Prices are determined using other significant observable inputs. Observable inputs are inputs that other market participants may use in pricing a security. These may include quoted prices for similar securities, interest rates, prepayment speeds, credit risk, yield curves, loss severities, default rates, discount rates, volatilities and others.
Level 3 – Prices are determined using significant unobservable inputs. In situations where quoted prices or observable inputs are unavailable (for example, when there is little or no market activity for an investment at the end of the period), unobservable inputs may be used.  Unobservable inputs reflect Invesco Advisers, Inc.’s assumptions about the factors market participants would use in determining fair value of the securities or instruments and would be based on the best available information.
The following is a summary of the tiered valuation input levels, as of March 31, 2024. The level assigned to the securities valuations may not be an indication of the risk or liquidity associated with investing in those securities. Because of the inherent uncertainties of valuation, the values reflected in the financial statements may materially differ from the value received upon actual sale of those investments.
  Level 1 Level 2 Level 3 Total
Investments in Securities        
Money Market Funds $286,180 $— $— $286,180
Options Purchased — 10,350,122 — 10,350,122
Total Investments in Securities 286,180 10,350,122 — 10,636,302
Other Investments - Liabilities*        
Options Written — (1,017,514) — (1,017,514)
Total Investments $286,180 $9,332,608 $— $9,618,788
    
* Options written are shown at value.
Invesco® V.I. Nasdaq 100 Buffer Fund - September