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Form NPORT-P AIM VARIABLE INSURANCE For: Mar 31

May 24, 2022 11:52 AM EDT

  
    NPORT-P
    false
    
      
      
        
          0000896435
          XXXXXXXX
        
      
      
      
      
        S000064654
        C000209355
        C000209356
      
      
      
    
  
  
    
      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. Capital Appreciation Fund
      S000064654
      549300DPQWZVB5YV8X45
      2022-12-31
      2022-03-31
      N
    
    
      785378889.15
      14299928.07
      771078961.08
      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
      2000149.85000000
      
        
        
        
      
      N
      
        
          
          
        
        
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
        
        
        
        
      
      
      
      
      
    
    
      
        Invesco Treasury Portfolio
        5493004B3TM8ZIDDDC39
        Invesco Treasury Portfolio, Institutional Class
        825252406
        
          
        
        3868031.36000000
        NS
        USD
        3868031.36000000
        0.501638814601
        Long
        STIV
        RF
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Chubb Ltd.
        E0JAN6VLUDI1HITHT809
        Chubb Ltd.
        H1467J104
        
          
        
        16643.00000000
        NS
        USD
        3559937.70000000
        0.461682639481
        Long
        EC
        CORP
        CH
        
        N
        
        1
        
          N
          N
          N
        
      
      
        NVIDIA Corp.
        549300S4KLFTLO7GSQ80
        NVIDIA Corp.
        67066G104
        
          
        
        109766.00000000
        NS
        USD
        29950750.76000000
        3.884265071640
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Amazon.com, Inc.
        ZXTILKJKG63JELOEG630
        Amazon.com, Inc.
        023135106
        
          
        
        13064.00000000
        NS
        USD
        42587986.80000000
        5.523168047582
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Northrop Grumman Corp.
        RIMU48P07456QXSO0R61
        Northrop Grumman Corp.
        666807102
        
          
        
        15098.00000000
        NS
        USD
        6752127.56000000
        0.875672648433
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Eli Lilly and Co.
        FRDRIPF3EKNDJ2CQJL29
        Eli Lilly and Co.
        532457108
        
          
        
        27057.00000000
        NS
        USD
        7748313.09000000
        1.004866360138
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Danaher Corp.
        S4BKK9OTCEWQ3YHPFM11
        Danaher Corp.
        235851102
        
          
        
        56200.00000000
        NS
        USD
        16485146.00000000
        2.137932278285
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Alphabet, Inc.
        5493006MHB84DD0ZWV18
        Alphabet, Inc., Class C
        02079K107
        
          
        
        22279.00000000
        NS
        USD
        62225024.21000000
        8.069864093146
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Intuit, Inc.
        VI90HBPH7XSFMB9E4M29
        Intuit, Inc.
        461202103
        
          
        
        18893.00000000
        NS
        USD
        9084510.12000000
        1.178155620700
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Marriott International, Inc.
        225YDZ14ZO8E1TXUSU86
        Marriott International, Inc., Class A
        571903202
        
          
        
        69861.00000000
        NS
        USD
        12278070.75000000
        1.592323402625
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Apple, Inc.
        HWUPKR0MPOU8FGXBT394
        Apple, Inc.
        037833100
        
          
        
        387526.00000000
        NS
        USD
        67665914.86000000
        8.775484519150
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Atlassian Corp. PLC
        549300AGBII4MWBVJY22
        Atlassian Corp. PLC, Class A
        G06242104
        
          
        
        19512.00000000
        NS
        USD
        5733210.96000000
        0.743530980532
        Long
        EC
        CORP
        GB
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Invesco Government & Agency Portfolio
        5493007T1J7WZ5QI1A47
        Invesco Government & Agency Portfolio, Institutional Class
        825252885
        
          
        
        3384527.44000000
        NS
        USD
        3384527.44000000
        0.438933962775
        Long
        STIV
        RF
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Cheniere Energy, Inc.
        MIHC87W9WTYSYZWV1J40
        Cheniere Energy, Inc.
        16411R208
        
          
        
        72014.00000000
        NS
        USD
        9984741.10000000
        1.294905139937
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Mastercard, Inc.
        AR5L2ODV9HN37376R084
        Mastercard, Inc., Class A
        57636Q104
        
          
        
        33308.00000000
        NS
        USD
        11903613.04000000
        1.543760579763
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          
        
      
      
        Tesla, Inc.
        54930043XZGB27CTOV49
        Tesla, Inc.
        88160R101
        
          
        
        13835.00000000
        NS
        USD
        14908596.00000000
        1.933472024592
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Marvell Technology, Inc.
        N/A
        Marvell Technology, Inc.
        573874104
        
          
        
        144237.00000000
        NS
        USD
        10343235.27000000
        1.341397676771
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        KKR & Co., Inc.
        549300JOHU21WRN2Z451
        KKR & Co., Inc., Class A
        48251W104
        
          
        
        115077.00000000
        NS
        USD
        6728552.19000000
        0.872615196318
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        ASML Holding N.V.
        724500Y6DUVHQD6OXN27
        ASML Holding N.V., New York Shares
        N07059210
        
          
        
        11827.00000000
        NS
        USD
        7899608.11000000
        1.024487569850
        Long
        EC
        CORP
        NL
        N
        
        1
        
          N
          N
          N
        
      
      
        Trade Desk, Inc. (The)
        549300GXPD31VT3E0P46
        Trade Desk, Inc. (The), Class A
        88339J105
        
          
        
        63855.00000000
        NS
        USD
        4421958.75000000
        0.573476773871
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Home Depot, Inc. (The)
        QEKMOTMBBKA8I816DO57
        Home Depot, Inc. (The)
        437076102
        
          
        
        17580.00000000
        NS
        USD
        5262221.40000000
        0.682449096086
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Chipotle Mexican Grill, Inc.
        N/A
        Chipotle Mexican Grill, Inc.
        169656105
        
          
        
        3453.00000000
        NS
        USD
        5462749.59000000
        0.708455277050
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Deere & Co.
        PWFTNG3EI0Y73OXWDH08
        Deere & Co.
        244199105
        
          
        
        26520.00000000
        NS
        USD
        11017999.20000000
        1.428906734086
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Sysco Corp.
        5RGWIFLMGH3YS7KWI652
        Sysco Corp.
        871829107
        
          
        
        43332.00000000
        NS
        USD
        3538057.80000000
        0.458845070165
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          
        
      
      
        MSCI, Inc.
        549300HTIN2PD78UB763
        MSCI, Inc.
        55354G100
        
          
        
        7833.00000000
        NS
        USD
        3939059.04000000
        0.510850281076
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Airbnb, Inc.
        549300HMUDNO0RY56D37
        Airbnb, Inc., Class A
        009066101
        
          
        
        39622.00000000
        NS
        USD
        6805474.72000000
        0.882591156483
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Invesco Private Government Fund
        N/A
        Invesco Private Government Fund
        N/A
        
          
        
        3522621.47000000
        NS
        USD
        3522621.47000000
        0.456843157160
        Long
        STIV
        PF
        US
        N
        
        2
        
          
          N
          N
        
      
      
        S&P Global, Inc.
        Y6X4K52KMJMZE7I7MY94
        S&P Global, Inc.
        78409V104
        
          
        
        16775.00000000
        NS
        USD
        6880769.50000000
        0.892356016349
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Linde PLC
        8945002PAZHZLBGKGF02
        Linde PLC
        G5494J103
        
          
        
        15324.00000000
        NS
        USD
        4894945.32000000
        0.634817647357
        Long
        EC
        CORP
        IE
        
        N
        
        1
        
          N
          N
          N
        
      
      
        AutoZone, Inc.
        GA3JGKJ41LJKXDN23E90
        AutoZone, Inc.
        053332102
        
          
        
        3783.00000000
        NS
        USD
        7734646.14000000
        1.003093915202
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Live Nation Entertainment, Inc.
        5493007B9BM9ZXJINO78
        Live Nation Entertainment, Inc.
        538034109
        
          
        
        64268.00000000
        NS
        USD
        7560487.52000000
        0.980507561691
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Datadog, Inc.
        549300F6JNO0KRPO1K63
        Datadog, Inc., Class A
        23804L103
        
          
        
        33742.00000000
        NS
        USD
        5110900.74000000
        0.662824561163
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Teck Resources Ltd.
        T8KI5SQ2JRWHL7XY0E11
        Teck Resources Ltd., Class B
        878742204
        
          
        
        89345.00000000
        NS
        USD
        3608644.55000000
        0.467999353133
        Long
        EC
        CORP
        CA
        N
        
        1
        
          N
          N
          N
        
      
      
        Costco Wholesale Corp.
        29DX7H14B9S6O3FD6V18
        Costco Wholesale Corp.
        22160K105
        
          
        
        13371.00000000
        NS
        USD
        7699690.35000000
        0.998560554578
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Generac Holdings, Inc.
        529900S2H2AHJHSFFI84
        Generac Holdings, Inc.
        368736104
        
          
        
        25113.00000000
        NS
        USD
        7465090.38000000
        0.968135658836
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        HubSpot, Inc.
        529900BLNVEW0MVKJB37
        HubSpot, Inc.
        443573100
        
          
        
        8492.00000000
        NS
        USD
        4033190.48000000
        0.523058037318
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        SVB Financial Group
        549300D2KJ20JMXE7542
        SVB Financial Group
        78486Q101
        
          
        
        15001.00000000
        NS
        USD
        8392309.45000000
        1.088385220398
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Alnylam Pharmaceuticals, Inc.
        529900S3ZI14OWRJII50
        Alnylam Pharmaceuticals, Inc.
        02043Q107
        
          
        
        18638.00000000
        NS
        USD
        3043399.02000000
        0.394693562347
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        DexCom, Inc.
        549300YSK3QDSFR5EU59
        DexCom, Inc.
        252131107
        
          
        
        10210.00000000
        NS
        USD
        5223436.00000000
        0.677419079452
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Advanced Micro Devices, Inc.
        R2I72C950HOYXII45366
        Advanced Micro Devices, Inc.
        007903107
        
          
        
        98502.00000000
        NS
        USD
        10770208.68000000
        1.396771176964
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Invesco Private Prime Fund
        N/A
        Invesco Private Prime Fund
        N/A
        
          
        
        8220272.16000000
        NS
        USD
        8219449.96000000
        1.065967348984
        Long
        STIV
        PF
        US
        N
        
        2
        
          
          N
          N
        
      
      
        Target Corp.
        8WDDFXB5T1Z6J0XC1L66
        Target Corp.
        87612E106
        
          
        
        24448.00000000
        NS
        USD
        5188354.56000000
        0.672869423480
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Halliburton Co.
        ENYF8GB5SMQZ25S06U51
        Halliburton Co.
        406216101
        
          
        
        49897.00000000
        NS
        USD
        1889599.39000000
        0.245059129528
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Charles Schwab Corp. (The)
        549300VSGCJ7E698NM85
        Charles Schwab Corp. (The)
        808513105
        
          
        
        39756.00000000
        NS
        USD
        3351828.36000000
        0.434693271270
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Edwards Lifesciences Corp.
        YA13X31F3V31L8TMPR58
        Edwards Lifesciences Corp.
        28176E108
        
          
        
        38562.00000000
        NS
        USD
        4539518.64000000
        0.588722928406
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        IDEXX Laboratories, Inc.
        OGMTXK0LUU1HKV2P0J84
        IDEXX Laboratories, Inc.
        45168D104
        
          
        
        9629.00000000
        NS
        USD
        5267640.74000000
        0.683151921642
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        L3Harris Technologies, Inc.
        549300UTE50ZMDBG8A20
        L3Harris Technologies, Inc.
        502431109
        
          
        
        26727.00000000
        NS
        USD
        6640857.69000000
        0.861242236553
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        West Pharmaceutical Services, Inc.
        5493007NKRGM1RJQ1P16
        West Pharmaceutical Services, Inc.
        955306105
        
          
        
        11013.00000000
        NS
        USD
        4523149.23000000
        0.586600005745
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        ServiceNow, Inc.
        549300HJTQM36M0E1G39
        ServiceNow, Inc.
        81762P102
        
          
        
        19374.00000000
        NS
        USD
        10789186.86000000
        1.399232426843
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Ameriprise Financial, Inc.
        6ZLKQF7QB6JAEKQS5388
        Ameriprise Financial, Inc.
        03076C106
        
          
        
        16154.00000000
        NS
        USD
        4852015.44000000
        0.629250139726
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Microsoft Corp.
        INR2EJN1ERAN0W5ZP974
        Microsoft Corp.
        594918104
        
          
        
        244799.00000000
        NS
        USD
        75473979.69000000
        9.788099987099
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        CF Industries Holdings, Inc.
        529900CG8YAQFZ2JMV97
        CF Industries Holdings, Inc.
        125269100
        
          
        
        46016.00000000
        NS
        USD
        4742408.96000000
        0.615035450242
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Prologis, Inc.
        529900DFH19P073LZ636
        Prologis, Inc.
        74340W103
        
          
        
        38314.00000000
        NS
        USD
        6186944.72000000
        0.802374987813
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Invesco Liquid Assets Portfolio
        549300DC1W0JSX3QRC47
        Invesco Liquid Assets Portfolio, Institutional Class
        825252729
        
          
        
        2417139.81500000
        NS
        USD
        2416414.67000000
        0.313380962517
        Long
        STIV
        RF
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Waste Connections, Inc.
        549300HDLRTPBQU69P29
        Waste Connections, Inc.
        94106B101
        
          
        
        66266.00000000
        NS
        USD
        9257360.20000000
        1.200572271746
        Long
        EC
        CORP
        CA
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Old Dominion Freight Line, Inc.
        5299009TWK32WE417T96
        Old Dominion Freight Line, Inc.
        679580100
        
          
        
        21841.00000000
        NS
        USD
        6523469.88000000
        0.846018398798
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        HCA Healthcare, Inc.
        529900PH4ZGUH2MNEU89
        HCA Healthcare, Inc.
        40412C101
        
          
        
        41174.00000000
        NS
        USD
        10319027.88000000
        1.338258258991
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Anthem, Inc.
        8MYN82XMYQH89CTMTH67
        Anthem, Inc.
        036752103
        
          
        
        19232.00000000
        NS
        USD
        9447143.04000000
        1.225184905417
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Intuitive Surgical, Inc.
        54930052SRG011710797
        Intuitive Surgical, Inc.
        46120E602
        
          
        
        13828.00000000
        NS
        USD
        4171631.04000000
        0.541012172625
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Union Pacific Corp.
        549300LMMRSZZCZ8CL11
        Union Pacific Corp.
        907818108
        
          
        
        27159.00000000
        NS
        USD
        7420110.39000000
        0.962302275710
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Dollar Tree, Inc.
        549300PMSTQITB1WHR43
        Dollar Tree, Inc.
        256746108
        
          
        
        23671.00000000
        NS
        USD
        3790910.65000000
        0.491637152787
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        United Rentals, Inc.
        5323X5O7RN0NKFCDRY08
        United Rentals, Inc.
        911363109
        
          
        
        17206.00000000
        NS
        USD
        6111743.26000000
        0.792622230470
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Tyler Technologies, Inc.
        25490040SMU4Z8LBCW70
        Tyler Technologies, Inc.
        902252105
        
          
        
        12565.00000000
        NS
        USD
        5590042.85000000
        0.724963736809
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        UnitedHealth Group, Inc.
        549300GHBMY8T5GXDE41
        UnitedHealth Group, Inc.
        91324P102
        
          
        
        46090.00000000
        NS
        USD
        23504517.30000000
        3.048263340900
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Thermo Fisher Scientific, Inc.
        HCHV7422L5HDJZCRFL38
        Thermo Fisher Scientific, Inc.
        883556102
        
          
        
        12934.00000000
        NS
        USD
        7639467.10000000
        0.990750297388
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Synopsys, Inc.
        QG7T915N9S0NY5UKNE63
        Synopsys, Inc.
        871607107
        
          
        
        34095.00000000
        NS
        USD
        11362840.65000000
        1.473628671450
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        MongoDB, Inc.
        549300TPTG69WKWE1Z37
        MongoDB, Inc.
        60937P106
        
          
        
        12154.00000000
        NS
        USD
        5391392.86000000
        0.699201136605
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          
        
      
      
        Albemarle Corp.
        HDBLS2Q6GV1LSKQPBS54
        Albemarle Corp.
        012653101
        
          
        
        27864.00000000
        NS
        USD
        6162123.60000000
        0.799155976369
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Catalent, Inc.
        N/A
        Catalent, Inc.
        148806102
        
          
        
        32403.00000000
        NS
        USD
        3593492.70000000
        0.466034333885
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Accenture PLC
        549300JY6CF6DO4YFQ03
        Accenture PLC, Class A
        G1151C101
        
          
        
        31008.00000000
        NS
        USD
        10456827.84000000
        1.356129315907
        Long
        EC
        CORP
        IE
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Pioneer Natural Resources Co.
        FY8JBF7CCL2VE4F1B628
        Pioneer Natural Resources Co.
        723787107
        
          
        
        39512.00000000
        NS
        USD
        9879185.36000000
        1.281215784459
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        QUALCOMM, Inc.
        H1J8DDZKZP6H7RWC0H53
        QUALCOMM, Inc.
        747525103
        
          
        
        25149.00000000
        NS
        USD
        3843270.18000000
        0.498427576679
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Extra Space Storage, Inc.
        N/A
        Extra Space Storage, Inc.
        30225T102
        
          
        
        37432.00000000
        NS
        USD
        7696019.20000000
        0.998084448993
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Monolithic Power Systems, Inc.
        529900TB7O85LSZ1XU31
        Monolithic Power Systems, Inc.
        609839105
        
          
        
        26351.00000000
        NS
        USD
        12798153.68000000
        1.659772127886
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Palo Alto Networks, Inc.
        549300QXR2YVZV231H43
        Palo Alto Networks, Inc.
        697435105
        
          
        
        18641.00000000
        NS
        USD
        11604208.91000000
        1.504931335922
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
    
    
      2022-04-30
      AIM Variable Insurance Funds (Invesco Variable Insurance Funds)
      Sheri Morris
      Sheri Morris
      President
    
  
  XXXX



Schedule of Investments(a)
March 31, 2022
(Unaudited)
  Shares Value
Common Stocks & Other Equity Interests–98.16%
Aerospace & Defense–1.73%
L3Harris Technologies, Inc. 26,727   $6,640,858
Northrop Grumman Corp. 15,098   6,752,127
      13,392,985
Agricultural & Farm Machinery–1.42%
Deere & Co. 26,520  11,017,999
Application Software–5.86%
Atlassian Corp. PLC, Class A(b) 19,512   5,733,211
Datadog, Inc., Class A(b) 33,742   5,110,901
HubSpot, Inc.(b) 8,492   4,033,190
Intuit, Inc. 18,893   9,084,510
Synopsys, Inc.(b) 34,095  11,362,841
Trade Desk, Inc. (The), Class A(b) 63,855   4,421,959
Tyler Technologies, Inc.(b) 12,565   5,590,043
      45,336,655
Asset Management & Custody Banks–1.50%
Ameriprise Financial, Inc. 16,154   4,852,016
KKR & Co., Inc., Class A 115,077   6,728,552
      11,580,568
Automobile Manufacturers–1.93%
Tesla, Inc.(b) 13,835  14,908,596
Automotive Retail–1.00%
AutoZone, Inc.(b) 3,783   7,734,646
Biotechnology–0.39%
Alnylam Pharmaceuticals, Inc.(b) 18,638   3,043,399
Data Processing & Outsourced Services–1.54%
Mastercard, Inc., Class A(c) 33,308  11,903,613
Diversified Metals & Mining–0.47%
Teck Resources Ltd., Class B (Canada) 89,345   3,608,645
Electrical Components & Equipment–0.96%
Generac Holdings, Inc.(b) 25,113   7,465,090
Environmental & Facilities Services–1.20%
Waste Connections, Inc. 66,266   9,257,360
Fertilizers & Agricultural Chemicals–0.61%
CF Industries Holdings, Inc. 46,016   4,742,409
Financial Exchanges & Data–1.40%
MSCI, Inc. 7,833   3,939,059
S&P Global, Inc. 16,775   6,880,770
      10,819,829
Food Distributors–0.46%
Sysco Corp.(c) 43,332   3,538,058
General Merchandise Stores–1.30%
Dollar Tree, Inc.(b) 30,506   4,885,536
Target Corp. 24,448   5,188,354
      10,073,890
  Shares Value
Health Care Equipment–2.48%
DexCom, Inc.(b) 10,210   $5,223,436
Edwards Lifesciences Corp.(b) 38,562   4,539,518
IDEXX Laboratories, Inc.(b) 9,629   5,267,641
Intuitive Surgical, Inc.(b) 13,828   4,171,631
      19,202,226
Health Care Facilities–1.33%
HCA Healthcare, Inc. 41,174  10,319,028
Home Improvement Retail–0.35%
Home Depot, Inc. (The) 8,992   2,691,575
Hotels, Resorts & Cruise Lines–2.47%
Airbnb, Inc., Class A(b) 39,622   6,805,475
Marriott International, Inc., Class A(b) 69,861  12,278,071
      19,083,546
Hypermarkets & Super Centers–1.25%
Costco Wholesale Corp. 16,788   9,667,370
Industrial Gases–0.63%
Linde PLC (United Kingdom) 15,324   4,894,945
Industrial REITs–0.80%
Prologis, Inc. 38,314   6,186,945
Interactive Media & Services–8.04%
Alphabet, Inc., Class C(b) 22,279  62,225,024
Internet & Direct Marketing Retail–5.50%
Amazon.com, Inc.(b) 13,064  42,587,987
Internet Services & Infrastructure–0.70%
MongoDB, Inc.(b)(c) 12,154   5,391,393
Investment Banking & Brokerage–0.43%
Charles Schwab Corp. (The) 39,756   3,351,828
IT Consulting & Other Services–1.35%
Accenture PLC, Class A 31,008  10,456,828
Life Sciences Tools & Services–3.70%
Danaher Corp. 56,200  16,485,146
Thermo Fisher Scientific, Inc. 12,934   7,639,467
West Pharmaceutical Services, Inc. 11,013   4,523,149
      28,647,762
Managed Health Care–4.26%
Anthem, Inc. 19,232   9,447,143
UnitedHealth Group, Inc. 46,090  23,504,517
      32,951,660
Movies & Entertainment–0.98%
Live Nation Entertainment, Inc.(b) 64,268   7,560,488
Oil & Gas Equipment & Services–0.24%
Halliburton Co. 49,897   1,889,599
Oil & Gas Exploration & Production–1.28%
Pioneer Natural Resources Co. 39,512   9,879,185
 
See accompanying notes which are an integral part of this schedule.
Invesco V.I. Capital Appreciation Fund

  Shares Value
Oil & Gas Storage & Transportation–1.29%
Cheniere Energy, Inc. 72,014   $9,984,741
Pharmaceuticals–1.47%
Catalent, Inc.(b) 32,403   3,593,493
Eli Lilly and Co. 27,057   7,748,313
      11,341,806
Property & Casualty Insurance–0.46%
Chubb Ltd. 16,643   3,559,938
Railroads–0.96%
Union Pacific Corp. 27,159   7,420,110
Regional Banks–1.08%
SVB Financial Group(b) 15,001   8,392,309
Restaurants–0.71%
Chipotle Mexican Grill, Inc.(b) 3,453   5,462,750
Semiconductor Equipment–1.02%
ASML Holding N.V., New York Shares (Netherlands) 11,827   7,899,608
Semiconductors–8.30%
Advanced Micro Devices, Inc.(b) 84,269   9,213,973
Marvell Technology, Inc. 144,237  10,343,235
Monolithic Power Systems, Inc. 26,351  12,798,154
NVIDIA Corp. 109,766  29,950,751
QUALCOMM, Inc. 12,698   1,940,508
      64,246,621
Specialized REITs–0.99%
Extra Space Storage, Inc. 37,432   7,696,019
Specialty Chemicals–0.80%
Albemarle Corp. 27,864   6,162,124
Systems Software–13.15%
Crowdstrike Holdings, Inc., Class A(b) 17,103   3,883,749
Microsoft Corp. 244,799  75,473,980
Palo Alto Networks, Inc.(b) 18,641  11,604,209
  Shares Value
Systems Software–(continued)
ServiceNow, Inc.(b) 19,374  $10,789,187
      101,751,125
Technology Hardware, Storage & Peripherals–8.74%
Apple, Inc. 387,526  67,665,915
Trading Companies & Distributors–0.79%
United Rentals, Inc.(b) 17,206   6,111,743
Trucking–0.84%
Old Dominion Freight Line, Inc. 21,841   6,523,470
Total Common Stocks & Other Equity Interests (Cost $500,127,237) 759,629,410
Money Market Funds–1.25%
Invesco Government & Agency Portfolio, Institutional Class, 0.25%(d)(e) 3,384,527   3,384,527
Invesco Liquid Assets Portfolio, Institutional Class, 0.25%(d)(e) 2,417,140   2,416,415
Invesco Treasury Portfolio, Institutional Class, 0.16%(d)(e) 3,868,031   3,868,031
Total Money Market Funds (Cost $9,669,056) 9,668,973
TOTAL INVESTMENTS IN SECURITIES (excluding investments purchased with cash collateral from securities on loan)-99.41% (Cost $509,796,293)     769,298,383
Investments Purchased with Cash Collateral from Securities on Loan
Money Market Funds–1.52%
Invesco Private Government Fund, 0.31%(d)(e)(f) 3,522,622   3,522,622
Invesco Private Prime Fund, 0.34%(d)(e)(f) 8,220,272   8,219,450
Total Investments Purchased with Cash Collateral from Securities on Loan (Cost $11,741,425) 11,742,072
TOTAL INVESTMENTS IN SECURITIES–100.93% (Cost $521,537,718) 781,040,455
OTHER ASSETS LESS LIABILITIES—(0.93)% (7,206,518)
NET ASSETS–100.00% $773,833,937
Investment Abbreviations:
REIT – Real Estate Investment Trust
Notes to Schedule of Investments:
(a) Industry and/or sector classifications used in this report are generally according to the Global Industry Classification Standard, which was developed by and is the exclusive property and a service mark of MSCI Inc. and Standard & Poor’s.
(b) Non-income producing security.
(c) All or a portion of this security was out on loan at March 31, 2022.
(d) Affiliated issuer. The issuer and/or the Fund is a wholly-owned subsidiary of Invesco Ltd., or is affiliated by having an investment adviser that is under common control of Invesco Ltd. The table below shows the Fund’s transactions in, and earnings from, its investments in affiliates for the three months ended March 31, 2022.
    
  Value
December 31, 2021
Purchases
at Cost
Proceeds
from Sales
Change in
Unrealized
Appreciation
(Depreciation)
Realized
Gain
(Loss)
Value
March 31, 2022
Dividend Income
Investments in Affiliated Money Market Funds:              
Invesco Government & Agency Portfolio, Institutional Class $3,798,976 $23,517,576 $(23,932,025) $- $- $3,384,527 $539
Invesco Liquid Assets Portfolio, Institutional Class 2,713,552 16,798,268 (17,093,830) (82) (1,493) 2,416,415 261
Invesco Treasury Portfolio, Institutional Class 4,341,686 26,877,229 (27,350,884) - - 3,868,031 295
See accompanying notes which are an integral part of this schedule.
Invesco V.I. Capital Appreciation Fund

  Value
December 31, 2021
Purchases
at Cost
Proceeds
from Sales
Change in
Unrealized
Appreciation
(Depreciation)
Realized
Gain
(Loss)
Value
March 31, 2022
Dividend Income
Investments Purchased with Cash Collateral from Securities on Loan:              
Invesco Private Government Fund $- $3,524,564 $(1,942) $- $- $3,522,622 $193*
Invesco Private Prime Fund - 8,223,336 (3,886) - 0 8,219,450 489*
Total $10,854,214 $78,940,973 $(68,382,567) $(82) $(1,493) $21,411,045 $1,777
    
* Represents the income earned on the investment of cash collateral. Does not include rebates and fees paid to lending agent or premiums received from borrowers, if any.
    
(e) The rate shown is the 7-day SEC standardized yield as of March 31, 2022.
(f) The security has been segregated to satisfy the commitment to return the cash collateral received in securities lending transactions upon the borrower’s return of the securities loaned.
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. Capital Appreciation Fund

Notes to Quarterly Schedule of Portfolio Holdings
March 31, 2022
(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 or are unreliable. 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 the Fund’s own 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, 2022. 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        
Common Stocks & Other Equity Interests $759,629,410 $$— $759,629,410
Money Market Funds 9,668,973 11,742,072 21,411,045
Total Investments $769,298,383 $11,742,072 $— $781,040,455
Invesco V.I. Capital Appreciation Fund


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