0001752724-24-126915.txt : 20240530 0001752724-24-126915.hdr.sgml : 20240530 20240529210407 ACCESSION NUMBER: 0001752724-24-126915 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: 241000487 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 S000073049 Invesco(R) V.I. S&P 500 Buffer Fund - June C000229841 Series I C000229842 Series II NPORT-P 1 primary_doc.xml NPORT-P false 0000896435 XXXXXXXX S000073049 C000229841 C000229842 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. S&P 500 Buffer Fund - June S000073049 549300UX431E8MHVWB49 2024-12-31 2024-03-31 N 30898342.70 2131513.00 28766829.70 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 S&P 500 Index 100% SP-500 Invesco Treasury Portfolio 5493004B3TM8ZIDDDC39 Invesco Treasury Portfolio, Institutional Class 825252406 264634.02000000 NS USD 264634.02000000 0.919927648474 Long STIV RF US N 1 N N N Invesco Liquid Assets Portfolio 549300DC1W0JSX3QRC47 Invesco Liquid Assets Portfolio 825252729 165416.75200000 NS USD 165482.92000000 0.575256021347 Long STIV RF US N 1 N N N Invesco Government & Agency Portfolio 5493007T1J7WZ5QI1A47 Invesco Government & Agency Portfolio, Institutional Class 825252885 231554.73000000 NS USD 231554.73000000 0.804936562057 Long STIV RF US N 1 N N N N/A N/A S&P 500 Mini Index Option N/A 588.00000000 NC USD 30022906.03000000 104.3664051377 N/A DE N/A N 2 BARCLAYS BANK PLC BFM8T61CT2L1QCEMIK50 Call Purchased S&P 500 MINI INDEX XSP XSP N/A 100.00000000 13.35000000 USD 2024-06-28 XXXX 4066476.71000000 N N N N/A N/A S&P 500 Mini Index Option N/A -588.00000000 NC USD -31880.83000000 -0.11082496866 N/A DE N/A N 2 BARCLAYS BANK PLC BFM8T61CT2L1QCEMIK50 Put Written S&P 500 MINI INDEX XSP XSP N/A 100.00000000 400.54000000 USD 2024-06-28 XXXX 653955.88000000 N N N N/A N/A S&P 500 Mini Index Option N/A 588.00000000 NC USD 67135.14000000 0.233376916052 N/A DE N/A N 2 BARCLAYS BANK PLC BFM8T61CT2L1QCEMIK50 Put Purchased S&P 500 MINI INDEX XSP XSP N/A 100.00000000 445.04000000 USD 2024-06-28 XXXX -1161017.15000000 N N N N/A N/A S&P 500 Mini Index Option N/A -588.00000000 NC USD -1900153.87000000 -6.60536419833 N/A DE N/A N 2 BARCLAYS BANK PLC BFM8T61CT2L1QCEMIK50 Call Written S&P 500 MINI INDEX XSP XSP N/A 100.00000000 503.34000000 USD 2024-06-28 XXXX -514672.16000000 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–2.31%
Invesco Government & Agency Portfolio, Institutional Class, 5.24%(a)(b) 231,555    $231,555
Invesco Liquid Assets Portfolio, Institutional Class, 5.35%(a)(b) 165,417    165,483
Invesco Treasury Portfolio, Institutional Class, 5.21%(a)(b) 264,634    264,634
Total Money Market Funds (Cost $661,633) 661,672
  Shares Value
Options Purchased–105.11%
(Cost $27,184,582)(c) $30,090,041
TOTAL INVESTMENTS IN SECURITIES–107.42% (Cost $27,846,215) 30,751,713
OTHER ASSETS LESS LIABILITIES—(7.42)% (2,125,164)
NET ASSETS–100.00% $28,626,549
 
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 		Value
March 31, 2024 		Dividend Income
Investments in Affiliated Money Market Funds:              
Invesco Government & Agency Portfolio, Institutional Class $424,515 $305,003 $(497,963) $- $- $231,555 $4,319
Invesco Liquid Assets Portfolio, Institutional Class 303,380 217,859 (355,688) (90) 22 165,483 3,182
Invesco Treasury Portfolio, Institutional Class 485,160 348,575 (569,101) - - 264,634 4,925
Total $1,213,055 $871,437 $(1,422,752) $(90) $22 $661,672 $12,426
    
(b) The rate shown is the 7-day SEC standardized yield as of March 31, 2024.
(c) The table below details options purchased.
    
Open Index Options Purchased
Description Type of
Contract 		Expiration
Date 		Number of
Contracts 		Exercise
Price 		Notional
Value(a) 		Value
Equity Risk          
S&P 500® Index Call 06/28/2024 588 USD 13.35 USD 784,980 $ 30,022,906
Equity Risk          
S&P 500® Index Put 06/28/2024 588 USD 445.04 USD 26,168,352 67,135
Total Open Index Options Purchased         $30,090,041
    
(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
S&P 500® Index Call 06/28/2024 588 USD 503.34 USD 29,596,392 $ (1,900,154)
Equity Risk
S&P 500® Index Put 06/28/2024 588 USD 400.54 USD 23,551,752 (31,881)
Total Open Index Options Written       $(1,932,035)
    
(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. S&P 500 Buffer Fund – June
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 $661,672 $— $— $661,672
Options Purchased — 30,090,041 — 30,090,041
Total Investments in Securities 661,672 30,090,041 — 30,751,713
Other Investments - Liabilities*        
Options Written — (1,932,035) — (1,932,035)
Total Investments $661,672 $28,158,006 $— $28,819,678
    
* Options written are shown at value.
Invesco® V.I. S&P 500 Buffer Fund – June