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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
        
      
      
      
      
        S000064658
        C000209363
        C000209364
      
      
      
    
  
  
    
      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. Discovery Mid Cap Growth Fund
      S000064658
      549300UVBOIFRDMXQ155
      2022-12-31
      2022-03-31
      N
    
    
      1032441002.48
      15526083.98
      1016914918.50
      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
      500000.00000000
      
        
        
      
      N
      
        
          
          
        
        
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
        
        
        
        
      
      
      
      
      
    
    
      
        Invesco Treasury Portfolio
        5493004B3TM8ZIDDDC39
        Invesco Treasury Portfolio, Institutional Class
        825252406
        
          
        
        16229858.19000000
        NS
        USD
        16229858.19000000
        1.595989781912
        Long
        STIV
        RF
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Entegris, Inc.
        IYX6OWO7BT5DKO3BYG52
        Entegris, Inc.
        29362U104
        
          
        
        60009.00000000
        NS
        USD
        7876781.34000000
        0.774576240027
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Pool Corp.
        5493005VZK1KMN6CO617
        Pool Corp.
        73278L105
        
          
        
        22469.00000000
        NS
        USD
        9501016.65000000
        0.934298088970
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Vulcan Materials Co.
        549300Q8LSNHAVWBNI21
        Vulcan Materials Co.
        929160109
        
          
        
        27767.00000000
        NS
        USD
        5100797.90000000
        0.501595345609
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        AMETEK, Inc.
        549300WZDEF9KKE40E98
        AMETEK, Inc.
        031100100
        
          
        
        145157.00000000
        NS
        USD
        19332009.26000000
        1.901044906344
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Equifax, Inc.
        5493004MCF8JDC86VS77
        Equifax, Inc.
        294429105
        
          
        
        50730.00000000
        NS
        USD
        12028083.00000000
        1.182801312202
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Lattice Semiconductor Corp.
        549300LRBBPZDQ2II567
        Lattice Semiconductor Corp.
        518415104
        
          
        
        112735.00000000
        NS
        USD
        6871198.25000000
        0.675690574009
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Hilton Worldwide Holdings, Inc.
        549300HVGPK36ICB0B89
        Hilton Worldwide Holdings, Inc.
        43300A203
        
          
        
        140466.00000000
        NS
        USD
        21314310.84000000
        2.095977790495
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Doximity, Inc.
        N/A
        Doximity, Inc., Class A
        26622P107
        
          
        
        26696.00000000
        NS
        USD
        1390594.64000000
        0.136746409626
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Northrop Grumman Corp.
        RIMU48P07456QXSO0R61
        Northrop Grumman Corp.
        666807102
        
          
        
        20892.00000000
        NS
        USD
        9343320.24000000
        0.918790753289
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Floor & Decor Holdings, Inc.
        549300M5FR3N688XGQ36
        Floor & Decor Holdings, Inc., Class A
        339750101
        
          
        
        54853.00000000
        NS
        USD
        4443093.00000000
        0.436918853206
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Repligen Corp.
        54930006QJ0T5AUO1E71
        Repligen Corp.
        759916109
        
          
        
        73879.00000000
        NS
        USD
        13895901.11000000
        1.366476276156
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Republic Services, Inc.
        NKNQHM6BLECKVOQP7O46
        Republic Services, Inc.
        760759100
        
          
        
        38144.00000000
        NS
        USD
        5054080.00000000
        0.497001264122
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Mettler-Toledo International, Inc.
        5493000BD5GJNUDIUG10
        Mettler-Toledo International, Inc.
        592688105
        
          
        
        10514.00000000
        NS
        USD
        14437719.66000000
        1.419756893850
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Kornit Digital Ltd.
        5299006DPCQWP3VTFK34
        Kornit Digital Ltd.
        M6372Q113
        
          
        
        85428.00000000
        NS
        USD
        7064041.32000000
        0.694654114271
        Long
        EC
        CORP
        IL
        N
        
        1
        
          N
          N
          N
        
      
      
        Invesco Government & Agency Portfolio
        5493007T1J7WZ5QI1A47
        Invesco Government & Agency Portfolio, Institutional Class
        825252885
        
          
        
        14201125.99000000
        NS
        USD
        14201125.99000000
        1.396491066425
        Long
        STIV
        RF
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Gartner, Inc.
        PP55B5R38BFB8O8HH686
        Gartner, Inc.
        366651107
        
          
        
        70923.00000000
        NS
        USD
        21096755.58000000
        2.074584136411
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Choice Hotels International, Inc.
        5493003CYRY5RFGTIR97
        Choice Hotels International, Inc.
        169905106
        
          
        
        73582.00000000
        NS
        USD
        10430984.32000000
        1.025747988375
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Trimble, Inc.
        549300E2MI7NSZFQWS19
        Trimble, Inc.
        896239100
        
          
        
        114847.00000000
        NS
        USD
        8285062.58000000
        0.814725246849
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Cheniere Energy, Inc.
        MIHC87W9WTYSYZWV1J40
        Cheniere Energy, Inc.
        16411R208
        
          
        
        138792.00000000
        NS
        USD
        19243510.80000000
        1.892342264816
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Zscaler, Inc.
        529900MZ0RTK1BWRNF46
        Zscaler, Inc.
        98980G102
        
          
        
        38811.00000000
        NS
        USD
        9364318.08000000
        0.920855610399
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Middleby Corp. (The)
        JDFO86U9VQRBKW5KYA35
        Middleby Corp. (The)
        596278101
        
          
        
        58888.00000000
        NS
        USD
        9654098.72000000
        0.949351665942
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Marvell Technology, Inc.
        N/A
        Marvell Technology, Inc.
        573874104
        
          
        
        263624.00000000
        NS
        USD
        18904477.04000000
        1.859002822761
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Molina Healthcare, Inc.
        549300NQQCEQ46YHZ591
        Molina Healthcare, Inc.
        60855R100
        
          
        
        47639.00000000
        NS
        USD
        15891894.01000000
        1.562755518764
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        KKR & Co., Inc.
        549300JOHU21WRN2Z451
        KKR & Co., Inc., Class A
        48251W104
        
          
        
        242624.00000000
        NS
        USD
        14186225.28000000
        1.395025780615
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Bill.com Holdings, Inc.
        549300IBF9VZZIGOZW63
        Bill.com Holdings, Inc.
        090043100
        
          
        
        57904.00000000
        NS
        USD
        13132048.16000000
        1.291361540783
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Paylocity Holding Corp.
        549300VH75FTB4DIEE07
        Paylocity Holding Corp.
        70438V106
        
          
        
        77626.00000000
        NS
        USD
        15973102.02000000
        1.570741241908
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Jones Lang LaSalle, Inc.
        6SYKCME112RT8TQUO411
        Jones Lang LaSalle, Inc.
        48020Q107
        
          
        
        50199.00000000
        NS
        USD
        12020652.54000000
        1.182070625704
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Enphase Energy, Inc.
        5493008U7KIGMI59Z314
        Enphase Energy, Inc.
        29355A107
        
          
        
        41447.00000000
        NS
        USD
        8363175.66000000
        0.822406624964
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Chipotle Mexican Grill, Inc.
        N/A
        Chipotle Mexican Grill, Inc.
        169656105
        
          
        
        3895.00000000
        NS
        USD
        6162006.85000000
        0.605951072002
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        ZoomInfo Technologies, Inc.
        N/A
        ZoomInfo Technologies, Inc., Class A
        98980F104
        
          
        
        170539.00000000
        NS
        USD
        10187999.86000000
        1.001853712110
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Performance Food Group Co.
        549300EUK8GR9IT1YK57
        Performance Food Group Co.
        71377A103
        
          
        
        111479.00000000
        NS
        USD
        5675395.89000000
        0.558099383414
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Bio-Rad Laboratories, Inc.
        549300ZC1GPV35XYDK53
        Bio-Rad Laboratories, Inc., Class A
        090572207
        
          
        
        13752.00000000
        NS
        USD
        7745538.96000000
        0.761670304869
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Natera, Inc.
        N/A
        Natera, Inc.
        632307104
        
          
        
        82073.00000000
        NS
        USD
        3338729.64000000
        0.328319466974
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Advanced Drainage Systems, Inc.
        6QQTOZ5MF5DHM7K92I60
        Advanced Drainage Systems, Inc.
        00790R104
        
          
        
        90773.00000000
        NS
        USD
        10784740.13000000
        1.060535147415
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          
        
      
      
        MSCI, Inc.
        549300HTIN2PD78UB763
        MSCI, Inc.
        55354G100
        
          
        
        43317.00000000
        NS
        USD
        21783252.96000000
        2.142091984659
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Invesco Private Government Fund
        N/A
        Invesco Private Government Fund
        N/A
        
          
        
        995988.17000000
        NS
        USD
        995988.17000000
        0.097942133789
        Long
        STIV
        PF
        US
        N
        
        2
        
          
          N
          N
        
      
      
        Live Nation Entertainment, Inc.
        5493007B9BM9ZXJINO78
        Live Nation Entertainment, Inc.
        538034109
        
          
        
        104374.00000000
        NS
        USD
        12278557.36000000
        1.207432120094
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Datadog, Inc.
        549300F6JNO0KRPO1K63
        Datadog, Inc., Class A
        23804L103
        
          
        
        76795.00000000
        NS
        USD
        11632138.65000000
        1.143865473736
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Teck Resources Ltd.
        T8KI5SQ2JRWHL7XY0E11
        Teck Resources Ltd., Class B
        878742204
        
          
        
        122163.00000000
        NS
        USD
        4934163.57000000
        0.485209084873
        Long
        EC
        CORP
        CA
        N
        
        1
        
          N
          N
          N
        
      
      
        Generac Holdings, Inc.
        529900S2H2AHJHSFFI84
        Generac Holdings, Inc.
        368736104
        
          
        
        41550.00000000
        NS
        USD
        12351153.00000000
        1.214570931678
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        HubSpot, Inc.
        529900BLNVEW0MVKJB37
        HubSpot, Inc.
        443573100
        
          
        
        23506.00000000
        NS
        USD
        11163939.64000000
        1.097824354516
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        SVB Financial Group
        549300D2KJ20JMXE7542
        SVB Financial Group
        78486Q101
        
          
        
        36899.00000000
        NS
        USD
        20643145.55000000
        2.029977648518
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Alnylam Pharmaceuticals, Inc.
        529900S3ZI14OWRJII50
        Alnylam Pharmaceuticals, Inc.
        02043Q107
        
          
        
        41769.00000000
        NS
        USD
        6820460.01000000
        0.670701145781
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Motorola Solutions, Inc.
        6S552MUG6KGJVEBSEC55
        Motorola Solutions, Inc.
        620076307
        
          
        
        83516.00000000
        NS
        USD
        20227575.20000000
        1.989111855083
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        SiteOne Landscape Supply, Inc.
        5299008LX7SBD4HIAU03
        SiteOne Landscape Supply, Inc.
        82982L103
        
          
        
        60519.00000000
        NS
        USD
        9785317.11000000
        0.962255242005
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Ulta Beauty, Inc.
        529900CIV6HN8M28YM82
        Ulta Beauty, Inc.
        90384S303
        
          
        
        13110.00000000
        NS
        USD
        5220664.20000000
        0.513382595242
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Eagle Materials, Inc.
        529900KRXRGXL61SG039
        Eagle Materials, Inc.
        26969P108
        
          
        
        37989.00000000
        NS
        USD
        4876268.04000000
        0.479515832769
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Arthur J. Gallagher & Co.
        54930049QLLMPART6V29
        Arthur J. Gallagher & Co.
        363576109
        
          
        
        87914.00000000
        NS
        USD
        15349784.40000000
        1.509446279207
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Tenet Healthcare Corp.
        0W9AIBT6U6ADJ2I8HK17
        Tenet Healthcare Corp.
        88033G407
        
          
        
        168680.00000000
        NS
        USD
        14499732.80000000
        1.425855057902
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Alexandria Real Estate Equities, Inc.
        MGCJBT4MKTQBVLNUIS88
        Alexandria Real Estate Equities, Inc.
        015271109
        
          
        
        59632.00000000
        NS
        USD
        12000940.00000000
        1.180132160682
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        W.R. Berkley Corp.
        SQOAGCLKBDWNVYV1OV80
        W.R. Berkley Corp.
        084423102
        
          
        
        77885.00000000
        NS
        USD
        5186362.15000000
        0.510009446773
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Cognizant Technology Solutions Corp.
        5493006IEVQEFQO40L83
        Cognizant Technology Solutions Corp., Class A
        192446102
        
          
        
        134973.00000000
        NS
        USD
        12103028.91000000
        1.190171241449
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Globant S.A.
        2221008DCMSPYS42DS88
        Globant S.A.
        L44385109
        
          
        
        79717.00000000
        NS
        USD
        20891434.19000000
        2.054393520041
        Long
        EC
        CORP
        LU
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Invesco Private Prime Fund
        N/A
        Invesco Private Prime Fund
        N/A
        
          
        
        2324204.83000000
        NS
        USD
        2323972.36000000
        0.228531641902
        Long
        STIV
        PF
        US
        N
        
        2
        
          
          N
          N
        
      
      
        Manhattan Associates, Inc.
        529900Q1GJP7KD52SW51
        Manhattan Associates, Inc.
        562750109
        
          
        
        122218.00000000
        NS
        USD
        16952858.78000000
        1.667087233316
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Insulet Corp.
        549300TZTYD2PYN92D43
        Insulet Corp.
        45784P101
        
          
        
        41895.00000000
        NS
        USD
        11160409.05000000
        1.097477168145
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Avery Dennison Corp.
        549300PW7VPFCYKLIV37
        Avery Dennison Corp.
        053611109
        
          
        
        58346.00000000
        NS
        USD
        10150453.62000000
        0.998161540886
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Cooper Cos., Inc. (The)
        QJKMVPIGLH7530PCUE20
        Cooper Cos., Inc. (The)
        216648402
        
          
        
        17638.00000000
        NS
        USD
        7365452.42000000
        0.724293870215
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        IDEXX Laboratories, Inc.
        OGMTXK0LUU1HKV2P0J84
        IDEXX Laboratories, Inc.
        45168D104
        
          
        
        41490.00000000
        NS
        USD
        22697519.40000000
        2.231997877804
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Trex Co., Inc.
        N/A
        Trex Co., Inc.
        89531P105
        
          
        
        51509.00000000
        NS
        USD
        3365082.97000000
        0.330910964996
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Zebra Technologies Corp.
        PO0I32GKZ3HZMMDPZZ08
        Zebra Technologies Corp., Class A
        989207105
        
          
        
        18111.00000000
        NS
        USD
        7492520.70000000
        0.736789338389
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        L3Harris Technologies, Inc.
        549300UTE50ZMDBG8A20
        L3Harris Technologies, Inc.
        502431109
        
          
        
        36872.00000000
        NS
        USD
        9161585.84000000
        0.900919602351
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Olin Corp.
        549300GKK294V7W57P06
        Olin Corp.
        680665205
        
          
        
        112986.00000000
        NS
        USD
        5906908.08000000
        0.580865515151
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        West Pharmaceutical Services, Inc.
        5493007NKRGM1RJQ1P16
        West Pharmaceutical Services, Inc.
        955306105
        
          
        
        49692.00000000
        NS
        USD
        20409001.32000000
        2.006952690801
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        WillScot Mobile Mini Holdings Corp.
        549300HJ4VIXF476Q166
        WillScot Mobile Mini Holdings Corp.
        971378104
        
          
        
        138724.00000000
        NS
        USD
        5428270.12000000
        0.533797864624
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Ameriprise Financial, Inc.
        6ZLKQF7QB6JAEKQS5388
        Ameriprise Financial, Inc.
        03076C106
        
          
        
        34132.00000000
        NS
        USD
        10251887.52000000
        1.008136210168
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        LPL Financial Holdings, Inc.
        549300XROQ4Y8G2L7682
        LPL Financial Holdings, Inc.
        50212V100
        
          
        
        91315.00000000
        NS
        USD
        16681424.20000000
        1.640395267738
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        CNH Industrial N.V.
        549300WGC2HZ5J67V817
        CNH Industrial N.V.
        N20944109
        
          
        
        155101.00000000
        NS
        USD
        2459901.86000000
        0.241898492710
        Long
        EC
        CORP
        NL
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Invesco Liquid Assets Portfolio
        549300DC1W0JSX3QRC47
        Invesco Liquid Assets Portfolio, Institutional Class
        825252729
        
          
        
        9019739.92600000
        NS
        USD
        9017034.00000000
        0.886704859566
        Long
        STIV
        RF
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Waste Connections, Inc.
        549300HDLRTPBQU69P29
        Waste Connections, Inc.
        94106B101
        
          
        
        150087.00000000
        NS
        USD
        20967153.90000000
        2.061839542183
        Long
        EC
        CORP
        CA
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Boyd Gaming Corp.
        254900787YGRYS2A1Z35
        Boyd Gaming Corp.
        103304101
        
          
        
        37605.00000000
        NS
        USD
        2473656.90000000
        0.243251117177
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        STERIS PLC
        549300F1857N5E6G6T48
        STERIS PLC
        G8473T100
        
          
        
        37781.00000000
        NS
        USD
        9134312.37000000
        0.898237620849
        Long
        EC
        CORP
        IE
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Old Dominion Freight Line, Inc.
        5299009TWK32WE417T96
        Old Dominion Freight Line, Inc.
        679580100
        
          
        
        70338.00000000
        NS
        USD
        21008553.84000000
        2.065910673332
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        East West Bancorp, Inc.
        N/A
        East West Bancorp, Inc.
        27579R104
        
          
        
        57103.00000000
        NS
        USD
        4512279.06000000
        0.443722378137
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Dollar Tree, Inc.
        549300PMSTQITB1WHR43
        Dollar Tree, Inc.
        256746108
        
          
        
        66240.00000000
        NS
        USD
        10608336.00000000
        1.043188157338
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Tractor Supply Co.
        549300OJ9VZHZRO6I137
        Tractor Supply Co.
        892356106
        
          
        
        65336.00000000
        NS
        USD
        15247462.32000000
        1.499384269284
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Tyler Technologies, Inc.
        25490040SMU4Z8LBCW70
        Tyler Technologies, Inc.
        902252105
        
          
        
        35686.00000000
        NS
        USD
        15876344.54000000
        1.561226436073
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Copart, Inc.
        549300KVYX3JWMYEHU61
        Copart, Inc.
        217204106
        
          
        
        20299.00000000
        NS
        USD
        2546915.53000000
        0.250455124973
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Synopsys, Inc.
        QG7T915N9S0NY5UKNE63
        Synopsys, Inc.
        871607107
        
          
        
        77384.00000000
        NS
        USD
        25789765.68000000
        2.536078998431
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        O'Reilly Automotive, Inc.
        549300K2RLMQL149Q332
        O'Reilly Automotive, Inc.
        67103H107
        
          
        
        21216.00000000
        NS
        USD
        14532111.36000000
        1.429039056820
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        MongoDB, Inc.
        549300TPTG69WKWE1Z37
        MongoDB, Inc.
        60937P106
        
          
        
        26549.00000000
        NS
        USD
        11776870.91000000
        1.158097958418
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Albemarle Corp.
        HDBLS2Q6GV1LSKQPBS54
        Albemarle Corp.
        012653101
        
          
        
        30005.00000000
        NS
        USD
        6635605.75000000
        0.652523198281
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Catalent, Inc.
        N/A
        Catalent, Inc.
        148806102
        
          
        
        162911.00000000
        NS
        USD
        18066829.90000000
        1.776631414420
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Pioneer Natural Resources Co.
        FY8JBF7CCL2VE4F1B628
        Pioneer Natural Resources Co.
        723787107
        
          
        
        46383.00000000
        NS
        USD
        11597141.49000000
        1.140423970483
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        FMC Corp.
        CKDHZ2X64EEBQCSP7013
        FMC Corp.
        302491303
        
          
        
        67813.00000000
        NS
        USD
        8922156.41000000
        0.877374915805
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          
        
      
      
        AmerisourceBergen Corp.
        AI8GXW8LG5WK7E9UD086
        AmerisourceBergen Corp.
        03073E105
        
          
        
        67853.00000000
        NS
        USD
        10497537.63000000
        1.032292617506
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Extra Space Storage, Inc.
        N/A
        Extra Space Storage, Inc.
        30225T102
        
          
        
        45346.00000000
        NS
        USD
        9323137.60000000
        0.916806060211
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Align Technology, Inc.
        549300N5YSE0U3LCP840
        Align Technology, Inc.
        016255101
        
          
        
        12100.00000000
        NS
        USD
        5275600.00000000
        0.518784797432
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Monolithic Power Systems, Inc.
        529900TB7O85LSZ1XU31
        Monolithic Power Systems, Inc.
        609839105
        
          
        
        49514.00000000
        NS
        USD
        24047959.52000000
        2.364795626705
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Palo Alto Networks, Inc.
        549300QXR2YVZV231H43
        Palo Alto Networks, Inc.
        697435105
        
          
        
        16843.00000000
        NS
        USD
        10484935.93000000
        1.031053408623
        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–97.07%
Aerospace & Defense–1.81%
L3Harris Technologies, Inc. 36,872     $9,161,586
Northrop Grumman Corp. 20,892     9,343,320
      18,504,906
Agricultural & Farm Machinery–0.50%
CNH Industrial N.V. (United Kingdom) 323,648     5,133,057
Application Software–10.80%
Bill.com Holdings, Inc.(b) 57,904    13,132,048
Datadog, Inc., Class A(b) 76,795    11,632,139
HubSpot, Inc.(b) 23,506    11,163,939
Manhattan Associates, Inc.(b) 122,218    16,952,859
Paylocity Holding Corp.(b) 77,626    15,973,102
Synopsys, Inc.(b) 77,384    25,789,766
Tyler Technologies, Inc.(b) 35,686    15,876,344
      110,520,197
Asset Management & Custody Banks–2.39%
Ameriprise Financial, Inc. 34,132    10,251,888
KKR & Co., Inc., Class A 242,624    14,186,225
      24,438,113
Automotive Retail–1.42%
O’Reilly Automotive, Inc.(b) 21,216    14,532,111
Biotechnology–0.99%
Alnylam Pharmaceuticals, Inc.(b) 41,769     6,820,460
Natera, Inc.(b) 82,073     3,338,730
      10,159,190
Building Products–1.21%
Advanced Drainage Systems, Inc.(c) 90,773    10,784,740
Trex Co., Inc.(b) 24,400     1,594,052
      12,378,792
Casinos & Gaming–0.50%
Boyd Gaming Corp. 77,132     5,073,743
Commodity Chemicals–0.58%
Olin Corp. 112,986     5,906,908
Communications Equipment–1.98%
Motorola Solutions, Inc. 83,516    20,227,575
Construction & Engineering–0.53%
WillScot Mobile Mini Holdings Corp.(b) 138,724     5,428,270
Construction Materials–0.97%
Eagle Materials, Inc. 37,989     4,876,268
Vulcan Materials Co. 27,767     5,100,798
      9,977,066
Distributors–0.93%
Pool Corp. 22,469     9,501,017
Diversified Metals & Mining–0.48%
Teck Resources Ltd., Class B (Canada) 122,163     4,934,164
  Shares Value
Electrical Components & Equipment–2.91%
AMETEK, Inc. 145,157    $19,332,009
Generac Holdings, Inc.(b) 35,072    10,425,503
      29,757,512
Electronic Equipment & Instruments–1.32%
Trimble, Inc.(b) 114,847     8,285,062
Zebra Technologies Corp., Class A(b) 12,744     5,272,193
      13,557,255
Environmental & Facilities Services–2.54%
Republic Services, Inc. 38,144     5,054,080
Waste Connections, Inc. 150,087    20,967,154
      26,021,234
Fertilizers & Agricultural Chemicals–0.87%
FMC Corp.(c) 67,813     8,922,156
Financial Exchanges & Data–2.13%
MSCI, Inc. 43,317    21,783,253
Food Distributors–0.55%
Performance Food Group Co.(b) 111,479     5,675,396
General Merchandise Stores–1.04%
Dollar Tree, Inc.(b) 66,240    10,608,336
Health Care Distributors–1.03%
AmerisourceBergen Corp. 67,853    10,497,538
Health Care Equipment–4.20%
IDEXX Laboratories, Inc.(b) 41,490    22,697,520
Insulet Corp.(b) 41,895    11,160,409
STERIS PLC 37,781     9,134,312
      42,992,241
Health Care Facilities–1.42%
Tenet Healthcare Corp.(b) 168,680    14,499,733
Health Care Supplies–1.23%
Align Technology, Inc.(b) 12,100     5,275,600
Cooper Cos., Inc. (The) 17,638     7,365,452
      12,641,052
Health Care Technology–0.14%
Doximity, Inc., Class A(b) 26,696     1,390,595
Home Improvement Retail–0.25%
Floor & Decor Holdings, Inc., Class A(b) 31,009     2,511,729
Hotels, Resorts & Cruise Lines–3.10%
Choice Hotels International, Inc. 73,582    10,430,984
Hilton Worldwide Holdings, Inc.(b) 140,466    21,314,311
      31,745,295
Industrial Machinery–1.63%
Kornit Digital Ltd. (Israel)(b) 85,428     7,064,041
Middleby Corp. (The)(b) 58,888     9,654,099
      16,718,140
 
See accompanying notes which are an integral part of this schedule.
Invesco V.I. Discovery Mid Cap Growth Fund

  Shares Value
Insurance Brokers–1.50%
Arthur J. Gallagher & Co. 87,914    $15,349,784
Interactive Media & Services–1.00%
ZoomInfo Technologies, Inc., Class A(b) 170,539    10,188,000
Internet Services & Infrastructure–1.15%
MongoDB, Inc.(b) 26,549    11,776,871
Investment Banking & Brokerage–1.63%
LPL Financial Holdings, Inc. 91,315    16,681,424
IT Consulting & Other Services–5.28%
Cognizant Technology Solutions Corp., Class A 134,973    12,103,029
Gartner, Inc.(b) 70,923    21,096,756
Globant S.A.(b) 79,717    20,891,434
      54,091,219
Life Sciences Tools & Services–5.52%
Bio-Rad Laboratories, Inc., Class A(b) 13,752     7,745,539
Mettler-Toledo International, Inc.(b) 10,514    14,437,720
Repligen Corp.(b) 73,879    13,895,901
West Pharmaceutical Services, Inc. 49,692    20,409,001
      56,488,161
Managed Health Care–1.55%
Molina Healthcare, Inc.(b) 47,639    15,891,894
Movies & Entertainment–1.20%
Live Nation Entertainment, Inc.(b) 104,374    12,278,557
Office REITs–1.17%
Alexandria Real Estate Equities, Inc. 59,632    12,000,940
Oil & Gas Exploration & Production–1.13%
Pioneer Natural Resources Co. 46,383    11,597,141
Oil & Gas Storage & Transportation–1.88%
Cheniere Energy, Inc. 138,792    19,243,511
Paper Packaging–0.99%
Avery Dennison Corp. 58,346    10,150,454
Pharmaceuticals–1.76%
Catalent, Inc.(b) 162,911    18,066,830
Property & Casualty Insurance–0.51%
W.R. Berkley Corp. 77,885     5,186,362
Real Estate Services–1.17%
Jones Lang LaSalle, Inc.(b) 50,199    12,020,652
Regional Banks–2.46%
East West Bancorp, Inc. 57,103     4,512,279
SVB Financial Group(b) 36,899    20,643,146
      25,155,425
Research & Consulting Services–1.17%
Equifax, Inc. 50,730    12,028,083
Restaurants–0.60%
Chipotle Mexican Grill, Inc.(b) 3,895     6,162,007
Semiconductor Equipment–1.59%
Enphase Energy, Inc.(b) 41,447     8,363,176
  Shares Value
Semiconductor Equipment–(continued)
Entegris, Inc. 60,009     $7,876,781
      16,239,957
Semiconductors–4.87%
Lattice Semiconductor Corp.(b) 112,735     6,871,198
Marvell Technology, Inc. 263,624    18,904,477
Monolithic Power Systems, Inc. 49,514    24,047,960
      49,823,635
Specialized REITs–0.91%
Extra Space Storage, Inc. 45,346     9,323,138
Specialty Chemicals–0.65%
Albemarle Corp. 30,005     6,635,606
Specialty Stores–2.00%
Tractor Supply Co. 65,336    15,247,462
Ulta Beauty, Inc.(b) 13,110     5,220,664
      20,468,126
Systems Software–2.92%
Crowdstrike Holdings, Inc., Class A(b) 22,561     5,123,152
Palo Alto Networks, Inc.(b) 24,667    15,355,454
Zscaler, Inc.(b) 38,811     9,364,318
      29,842,924
Trading Companies & Distributors–0.96%
SiteOne Landscape Supply, Inc.(b) 60,519     9,785,317
Trucking–2.05%
Old Dominion Freight Line, Inc. 70,338    21,008,554
Total Common Stocks & Other Equity Interests (Cost $816,200,882) 993,521,146
Money Market Funds–3.85%
Invesco Government & Agency Portfolio, Institutional Class, 0.25%(d)(e) 14,201,126    14,201,126
Invesco Liquid Assets Portfolio, Institutional Class, 0.25%(d)(e) 9,019,740     9,017,034
Invesco Treasury Portfolio, Institutional Class, 0.16%(d)(e) 16,229,858    16,229,858
Total Money Market Funds (Cost $39,448,969) 39,448,018
TOTAL INVESTMENTS IN SECURITIES (excluding investments purchased with cash collateral from securities on loan)-100.92% (Cost $855,649,851)     1,032,969,164
Investments Purchased with Cash Collateral from Securities on Loan
Money Market Funds–0.33%
Invesco Private Government Fund, 0.31%(d)(e)(f) 995,988       995,988
Invesco Private Prime Fund, 0.34%(d)(e)(f) 2,324,205     2,323,973
Total Investments Purchased with Cash Collateral from Securities on Loan (Cost $3,319,865) 3,319,961
TOTAL INVESTMENTS IN SECURITIES–101.25% (Cost $858,969,716) 1,036,289,125
OTHER ASSETS LESS LIABILITIES—(1.25)% (12,761,622)
NET ASSETS–100.00% $1,023,527,503
See accompanying notes which are an integral part of this schedule.
Invesco V.I. Discovery Mid Cap Growth Fund

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 $7,063,784 $31,146,292 $(24,008,950) $- $- $14,201,126 $2,109
Invesco Liquid Assets Portfolio, Institutional Class 3,922,616 22,247,352 (17,149,252) (951) (2,731) 9,017,034 1,051
Invesco Treasury Portfolio, Institutional Class 8,072,896 35,595,763 (27,438,801) - - 16,229,858 1,266
Investments Purchased with Cash Collateral from Securities on Loan:              
Invesco Private Government Fund 10,102,831 58,977,291 (68,084,134) - - 995,988 1,585*
Invesco Private Prime Fund 23,573,272 113,975,596 (135,217,366) 96 (7,625) 2,323,973 5,730*
Total $52,735,399 $261,942,294 $(271,898,503) $(855) $(10,356) $42,767,979 $11,741
    
* 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. Discovery Mid Cap Growth 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 $993,521,146 $$— $993,521,146
Money Market Funds 39,448,018 3,319,961 42,767,979
Total Investments $1,032,969,164 $3,319,961 $— $1,036,289,125
Invesco V.I. Discovery Mid Cap Growth Fund


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