0001752724-24-126916.txt : 20240530 0001752724-24-126916.hdr.sgml : 20240530 20240529210407 ACCESSION NUMBER: 0001752724-24-126916 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: 241000490 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 S000073046 Invesco(R) V.I. S&P 500 Buffer Fund - September C000229835 Series II C000229836 Series I NPORT-P 1 primary_doc.xml NPORT-P false 0000896435 XXXXXXXX S000073046 C000229835 C000229836 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 - September S000073046 549300O11QXTOHZDYP51 2024-12-31 2024-03-31 N 38028123.64 1487023.42 36541100.22 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 504533.80000000 NS USD 504533.80000000 1.380729635841 Long STIV RF US N 1 N N N Invesco Liquid Assets Portfolio 549300DC1W0JSX3QRC47 Invesco Liquid Assets Portfolio 825252729 315181.41900000 NS USD 315307.49000000 0.862884500197 Long STIV RF US N 1 N N N Invesco Government & Agency Portfolio 5493007T1J7WZ5QI1A47 Invesco Government & Agency Portfolio, Institutional Class 825252885 441286.92000000 NS USD 441286.92000000 1.207645411175 Long STIV RF US N 1 N N N N/A N/A S&P 500 Mini Index Option N/A 761.00000000 NC USD 38831846.91000000 106.2689592710 N/A DE N/A N 2 Chicago Board Options Exchange N/A Call Purchased S&P 500 MINI INDEX XSP XSP N/A 100.00000000 12.86000000 USD 2024-09-30 XXXX 7445415.89000000 N N N N/A N/A S&P 500 Mini Index Option N/A -761.00000000 NC USD -118151.79000000 -0.32333944322 N/A DE N/A N 2 Chicago Board Options Exchange N/A Put Written S&P 500 MINI INDEX XSP XSP N/A 100.00000000 385.93000000 USD 2024-09-30 XXXX 750804.10000000 N N N N/A N/A S&P 500 Mini Index Option N/A 761.00000000 NC USD 204915.08000000 0.560779721372 N/A DE N/A N 2 Chicago Board Options Exchange N/A Put Purchased S&P 500 MINI INDEX XSP XSP N/A 100.00000000 428.81000000 USD 2024-09-30 XXXX -1446638.04000000 N N N N/A N/A S&P 500 Mini Index Option N/A -761.00000000 NC USD -3586775.03000000 -9.81572806621 N/A DE N/A N 2 Chicago Board Options Exchange N/A Call Written S&P 500 MINI INDEX XSP XSP N/A 100.00000000 497.42000000 USD 2024-09-30 XXXX -3031456.06000000 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–3.45%
Invesco Government & Agency Portfolio, Institutional Class, 5.24%(a)(b) 441,287    $441,287
Invesco Liquid Assets Portfolio, Institutional Class, 5.35%(a)(b) 315,181    315,307
Invesco Treasury Portfolio, Institutional Class, 5.21%(a)(b) 504,534    504,534
Total Money Market Funds (Cost $1,261,106) 1,261,128
  Shares Value
Options Purchased–106.83%
(Cost $33,037,984)(c) $39,036,762
TOTAL INVESTMENTS IN SECURITIES–110.28% (Cost $34,299,090) 40,297,890
OTHER ASSETS LESS LIABILITIES—(10.28)% (3,755,502)
NET ASSETS–100.00% $36,542,388
 
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 $457,584 $460,400 $(476,697) $- $- $441,287 $5,313
Invesco Liquid Assets Portfolio, Institutional Class 327,047 328,856 (340,497) (108) 9 315,307 3,912
Invesco Treasury Portfolio, Institutional Class 523,159 526,171 (544,796) - - 504,534 6,059
Total $1,307,790 $1,315,427 $(1,361,990) $(108) $9 $1,261,128 $15,284
    
(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 09/30/2024 761 USD 12.86 USD 978,646 $ 38,831,847
Equity Risk          
S&P 500® Index Put 09/30/2024 761 USD 428.81 USD 32,632,441 204,915
Total Open Index Options Purchased         $39,036,762
    
(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 09/30/2024 761 USD 497.42 USD 37,853,662 $ (3,586,775)
Equity Risk
S&P 500® Index Put 09/30/2024 761 USD 385.93 USD 29,369,273 (118,152)
Total Open Index Options Written       $(3,704,927)
    
(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 - 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 $1,261,128 $— $— $1,261,128
Options Purchased — 39,036,762 — 39,036,762
Total Investments in Securities 1,261,128 39,036,762 — 40,297,890
Other Investments - Liabilities*        
Options Written — (3,704,927) — (3,704,927)
Total Investments $1,261,128 $35,331,835 $— $36,592,963
    
* Options written are shown at value.
Invesco® V.I. S&P 500 Buffer Fund - September