# EDGAR Filing Document

**Accession Number:** 0000896435
**File Stem:** 0000896435-25-000118
**Filing Date:** 2025-11
**Character Count:** 56603
**Document Hash:** 91e3724c256afe980e0c4de6c3ea9d14
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000896435-25-000118.hdr.sgml**: 20251128

**ACCESSION NUMBER**: 0000896435-25-000118

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251128

**DATE AS OF CHANGE**: 20251128

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AIM VARIABLE INSURANCE FUNDS (INVESCO VARIABLE INSURANCE FUNDS)
- **CENTRAL INDEX KEY:** 0000896435

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07452
- **FILM NUMBER:** 251534086

**BUSINESS ADDRESS:**
- **STREET 1:** 11 GREENWAY PLAZA
- **STREET 2:** SUITE 1000
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77046
- **BUSINESS PHONE:** 7136261919

**MAIL ADDRESS:**
- **STREET 1:** 11 GREENWAY PLAZA
- **STREET 2:** SUITE 1000
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77046

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AIM VARIABLE INSURANCE FUNDS
- **DATE OF NAME CHANGE:** 20000719

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AIM VARIABLE INSURANCE FUNDS INC
- **DATE OF NAME CHANGE:** 19930714

## Series and Classes Contracts Data

### Invesco V.I. Discovery Mid Cap Growth Fund (Series ID: S000064658)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000209363 | Series II    |  |
| C000209364 | Series I     |  |

## Nport-Ex

**Schedule of Investments**<sup>(a)</sup> 

*September 30, 2025*

*(Unaudited)*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Shares** | **Value** |
| **Common Stocks & Other Equity Interests–98.55%** | **Common Stocks & Other Equity Interests–98.55%** | **Common Stocks & Other Equity Interests–98.55%** |
| **Aerospace & Defense–11.19%** | **Aerospace & Defense–11.19%** | **Aerospace & Defense–11.19%** |
| Axon Enterprise, Inc.<sup>(b)(c)</sup>  | 31317 | &nbsp;&nbsp; $22474332 |
| BWX Technologies, Inc.<sup>(c)</sup>  | 41907 | &nbsp;&nbsp; 7726393 |
| Carpenter Technology Corp. | 38654 | &nbsp;&nbsp; 9491103 |
| Curtiss-Wright Corp. | 21944 | &nbsp;&nbsp; 11914275 |
| Embraer S.A., ADR (Brazil)<sup>(c)</sup>  | 123909 | &nbsp;&nbsp; 7490299 |
| HEICO Corp. | 41089 | &nbsp;&nbsp; 13264351 |
| Howmet Aerospace, Inc. | 140973 | &nbsp;&nbsp; 27663132 |
| Karman Holdings, Inc.<sup>(b)(c)</sup>  | 92578 | &nbsp;&nbsp; 6684132 |
|  |  | &nbsp;&nbsp; 106708017 |
| **Apparel, Accessories & Luxury Goods–0.51%** | **Apparel, Accessories & Luxury Goods–0.51%** | **Apparel, Accessories & Luxury Goods–0.51%** |
| Ralph Lauren Corp. | 15520 | &nbsp;&nbsp; 4866451 |
| **Application Software–4.10%** | **Application Software–4.10%** | **Application Software–4.10%** |
| Guidewire Software, Inc.<sup>(b)(c)</sup>  | 58327 | &nbsp;&nbsp; 13407044 |
| Nutanix, Inc., Class A<sup>(b)</sup>  | 73467 | &nbsp;&nbsp; 5465210 |
| Palantir Technologies, Inc., Class A<sup>(b)</sup>  | 79190 | &nbsp;&nbsp; 14445840 |
| ServiceTitan, Inc.<sup>(b)</sup>  | 57721 | &nbsp;&nbsp; 5820009 |
|  |  | &nbsp;&nbsp; 39138103 |
| **Asset Management & Custody Banks–1.00%** | **Asset Management & Custody Banks–1.00%** | **Asset Management & Custody Banks–1.00%** |
| Ares Management Corp., Class A<sup>(c)</sup>  | 59364 | &nbsp;&nbsp; 9491710 |
| **Automotive Retail–2.80%** | **Automotive Retail–2.80%** | **Automotive Retail–2.80%** |
| AutoZone, Inc.<sup>(b)</sup>  | 2728 | &nbsp;&nbsp; 11703775 |
| Carvana Co.<sup>(b)</sup>  | 39827 | &nbsp;&nbsp; 15024337 |
|  |  | &nbsp;&nbsp; 26728112 |
| **Biotechnology–2.52%** | **Biotechnology–2.52%** | **Biotechnology–2.52%** |
| Alnylam Pharmaceuticals, Inc.<sup>(b)</sup>  | 31731 | &nbsp;&nbsp; 14469336 |
| Natera, Inc.<sup>(b)</sup>  | 59349 | &nbsp;&nbsp; 9553408 |
|  |  | &nbsp;&nbsp; 24022744 |
| **Broadline Retail–1.80%** | **Broadline Retail–1.80%** | **Broadline Retail–1.80%** |
| Coupang, Inc. (South Korea)<sup>(b)</sup>  | 164055 | &nbsp;&nbsp; 5282571 |
| Ollie's Bargain Outlet Holdings, Inc.<sup>(b)(c)</sup>  | 92679 | &nbsp;&nbsp; 11899984 |
|  |  | &nbsp;&nbsp; 17182555 |
| **Cargo Ground Transportation–0.69%** | **Cargo Ground Transportation–0.69%** | **Cargo Ground Transportation–0.69%** |
| XPO, Inc.<sup>(b)(c)</sup>  | 50925 | &nbsp;&nbsp; 6583075 |
| **Communications Equipment–0.88%** | **Communications Equipment–0.88%** | **Communications Equipment–0.88%** |
| Lumentum Holdings, Inc.<sup>(b)</sup>  | 51594 | &nbsp;&nbsp; 8394860 |
| **Construction & Engineering–6.80%** | **Construction & Engineering–6.80%** | **Construction & Engineering–6.80%** |
| Comfort Systems USA, Inc. | 27281 | &nbsp;&nbsp; 22511736 |
| EMCOR Group, Inc. | 18227 | &nbsp;&nbsp; 11839166 |
| MasTec, Inc.<sup>(b)(c)</sup>  | 52958 | &nbsp;&nbsp; 11269992 |
| Quanta Services, Inc. | 46313 | &nbsp;&nbsp; 19193033 |
|  |  | &nbsp;&nbsp; 64813927 |
| **Consumer Finance–0.46%** | **Consumer Finance–0.46%** | **Consumer Finance–0.46%** |
| Synchrony Financial | 62005 | &nbsp;&nbsp; 4405455 |
| **Education Services–0.66%** | **Education Services–0.66%** | **Education Services–0.66%** |
| Duolingo, Inc.<sup>(b)(c)</sup>  | 19577 | &nbsp;&nbsp; 6300662 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Shares** | **Value** |
| **Electric Utilities–1.04%** | **Electric Utilities–1.04%** | **Electric Utilities–1.04%** |
| NRG Energy, Inc. | 61507 | &nbsp;&nbsp; $9961059 |
| **Electrical Components & Equipment–2.50%** | **Electrical Components & Equipment–2.50%** | **Electrical Components & Equipment–2.50%** |
| Rockwell Automation, Inc. | 13079 | &nbsp;&nbsp; 4571503 |
| Vertiv Holdings Co., Class A | 127683 | &nbsp;&nbsp; 19262257 |
|  |  | &nbsp;&nbsp; 23833760 |
| **Electronic Manufacturing Services–3.92%** | **Electronic Manufacturing Services–3.92%** | **Electronic Manufacturing Services–3.92%** |
| Celestica, Inc. (Canada)<sup>(b)</sup>  | 28865 | &nbsp;&nbsp; 7111759 |
| Flex Ltd.<sup>(b)</sup>  | 354639 | &nbsp;&nbsp; 20558424 |
| TE Connectivity PLC (Switzerland) | 44186 | &nbsp;&nbsp; 9700152 |
|  |  | &nbsp;&nbsp; 37370335 |
| **Financial Exchanges & Data–2.24%** | **Financial Exchanges & Data–2.24%** | **Financial Exchanges & Data–2.24%** |
| Nasdaq, Inc. | 157989 | &nbsp;&nbsp; 13974127 |
| Tradeweb Markets, Inc., Class A | 67011 | &nbsp;&nbsp; 7436881 |
|  |  | &nbsp;&nbsp; 21411008 |
| **Food Retail–1.15%** | **Food Retail–1.15%** | **Food Retail–1.15%** |
| Casey's General Stores, Inc. | 19337 | &nbsp;&nbsp; 10931593 |
| **Health Care Distributors–2.06%** | **Health Care Distributors–2.06%** | **Health Care Distributors–2.06%** |
| Cencora, Inc. | 63015 | &nbsp;&nbsp; 19694078 |
| **Health Care Equipment–2.58%** | **Health Care Equipment–2.58%** | **Health Care Equipment–2.58%** |
| IDEXX Laboratories, Inc.<sup>(b)</sup>  | 14779 | &nbsp;&nbsp; 9442155 |
| Insulet Corp.<sup>(b)</sup>  | 49090 | &nbsp;&nbsp; 15155556 |
|  |  | &nbsp;&nbsp; 24597711 |
| **Health Care Facilities–3.36%** | **Health Care Facilities–3.36%** | **Health Care Facilities–3.36%** |
| Encompass Health Corp. | 141660 | &nbsp;&nbsp; 17993653 |
| Tenet Healthcare Corp.<sup>(b)</sup>  | 69116 | &nbsp;&nbsp; 14033313 |
|  |  | &nbsp;&nbsp; 32026966 |
| **Health Care Services–1.06%** | **Health Care Services–1.06%** | **Health Care Services–1.06%** |
| Labcorp Holdings, Inc. | 35149 | &nbsp;&nbsp; 10089872 |
| **Homebuilding–0.52%** | **Homebuilding–0.52%** | **Homebuilding–0.52%** |
| D.R. Horton, Inc. | 29374 | &nbsp;&nbsp; 4978012 |
| **Hotels, Resorts & Cruise Lines–5.39%** | **Hotels, Resorts & Cruise Lines–5.39%** | **Hotels, Resorts & Cruise Lines–5.39%** |
| Hilton Worldwide Holdings, Inc. | 104475 | &nbsp;&nbsp; 27104994 |
| Royal Caribbean Cruises Ltd.<sup>(c)</sup>  | 35969 | &nbsp;&nbsp; 11638849 |
| Viking Holdings Ltd.<sup>(b)</sup>  | 203662 | &nbsp;&nbsp; 12659630 |
|  |  | &nbsp;&nbsp; 51403473 |
| **Independent Power Producers & Energy Traders–1.48%** | **Independent Power Producers & Energy Traders–1.48%** | **Independent Power Producers & Energy Traders–1.48%** |
| Vistra Corp. | 72046 | &nbsp;&nbsp; 14115252 |
| **Industrial Machinery & Supplies & Components–2.17%** | **Industrial Machinery & Supplies & Components–2.17%** | **Industrial Machinery & Supplies & Components–2.17%** |
| ITT, Inc. | 77237 | &nbsp;&nbsp; 13806886 |
| SPX Technologies, Inc.<sup>(b)</sup>  | 36702 | &nbsp;&nbsp; 6855200 |
|  |  | &nbsp;&nbsp; 20662086 |
| **Interactive Home Entertainment–2.16%** | **Interactive Home Entertainment–2.16%** | **Interactive Home Entertainment–2.16%** |
| Roblox Corp., Class A<sup>(b)</sup>  | 111996 | &nbsp;&nbsp; 15513686 |
| Take-Two Interactive Software, Inc.<sup>(b)</sup>  | 19708 | &nbsp;&nbsp; 5091759 |
|  |  | &nbsp;&nbsp; 20605445 |

---

See accompanying notes which are an integral part of this schedule.

**Invesco V.I. Discovery Mid Cap Growth Fund**

------

---

| | | |
|:---|:---|:---|
| **Shares** | **Shares** | **Value** |
| **Interactive Media & Services–0.55%** | **Interactive Media & Services–0.55%** | **Interactive Media & Services–0.55%** |
| Reddit, Inc., Class A<sup>(b)</sup>  | 22965 | &nbsp;&nbsp; $5281720 |
| **Internet Services & Infrastructure–3.97%** | **Internet Services & Infrastructure–3.97%** | **Internet Services & Infrastructure–3.97%** |
| Cloudflare, Inc., Class A<sup>(b)</sup>  | 107365 | &nbsp;&nbsp; 23039455 |
| CoreWeave, Inc., Class A<sup>(b)(c)</sup>  | 40383 | &nbsp;&nbsp; 5526414 |
| MongoDB, Inc.<sup>(b)</sup>  | 29848 | &nbsp;&nbsp; 9264222 |
|  |  | &nbsp;&nbsp; 37830091 |
| **Investment Banking & Brokerage–5.11%** | **Investment Banking & Brokerage–5.11%** | **Investment Banking & Brokerage–5.11%** |
| Evercore, Inc., Class A | 46972 | &nbsp;&nbsp; 15844595 |
| LPL Financial Holdings, Inc. | 43018 | &nbsp;&nbsp; 14311658 |
| Robinhood Markets, Inc., Class A<sup>(b)</sup>  | 129505 | &nbsp;&nbsp; 18542526 |
|  |  | &nbsp;&nbsp; 48698779 |
| **Leisure Facilities–0.78%** | **Leisure Facilities–0.78%** | **Leisure Facilities–0.78%** |
| Planet Fitness, Inc., Class A<sup>(b)</sup>  | 71502 | &nbsp;&nbsp; 7421908 |
| **Managed Health Care–0.55%** | **Managed Health Care–0.55%** | **Managed Health Care–0.55%** |
| HealthEquity, Inc.<sup>(b)(c)</sup>  | 55164 | &nbsp;&nbsp; 5227892 |
| **Movies & Entertainment–0.91%** | **Movies & Entertainment–0.91%** | **Movies & Entertainment–0.91%** |
| TKO Group Holdings, Inc. | 42989 | &nbsp;&nbsp; 8682058 |
| **Oil & Gas Equipment & Services–0.77%** | **Oil & Gas Equipment & Services–0.77%** | **Oil & Gas Equipment & Services–0.77%** |
| TechnipFMC PLC (United Kingdom) | 187235 | &nbsp;&nbsp; 7386421 |
| **Oil & Gas Storage & Transportation–1.29%** | **Oil & Gas Storage & Transportation–1.29%** | **Oil & Gas Storage & Transportation–1.29%** |
| Cheniere Energy, Inc. | 52362 | &nbsp;&nbsp; 12304023 |
| **Other Specialty Retail–1.80%** | **Other Specialty Retail–1.80%** | **Other Specialty Retail–1.80%** |
| Chewy, Inc., Class A<sup>(b)(c)</sup>  | 172405 | &nbsp;&nbsp; 6973782 |
| Ulta Beauty, Inc.<sup>(b)(c)</sup>  | 18732 | &nbsp;&nbsp; 10241721 |
|  |  | &nbsp;&nbsp; 17215503 |
| **Real Estate Services–1.77%** | **Real Estate Services–1.77%** | **Real Estate Services–1.77%** |
| CBRE Group, Inc., Class A<sup>(b)</sup>  | 106917 | &nbsp;&nbsp; 16845842 |
| **Restaurants–2.66%** | **Restaurants–2.66%** | **Restaurants–2.66%** |
| DoorDash, Inc., Class A<sup>(b)</sup>  | 69401 | &nbsp;&nbsp; 18876378 |
| Dutch Bros, Inc., Class A<sup>(b)</sup>  | 123160 | &nbsp;&nbsp; 6446194 |
|  |  | &nbsp;&nbsp; 25322572 |
| **Semiconductor Materials & Equipment–0.51%** | **Semiconductor Materials & Equipment–0.51%** | **Semiconductor Materials & Equipment–0.51%** |
| Teradyne, Inc. | 35259 | &nbsp;&nbsp; 4853049 |
| **Semiconductors–6.78%** | **Semiconductors–6.78%** | **Semiconductors–6.78%** |
| Credo Technology Group Holding Ltd.<sup>(b)</sup>  | 74670 | &nbsp;&nbsp; 10872699 |
| Lattice Semiconductor Corp.<sup>(b)(c)</sup>  | 206890 | &nbsp;&nbsp; 15169175 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | **Shares** | **Shares** | **Value** |
| **Semiconductors–(continued)** | **Semiconductors–(continued)** | **Semiconductors–(continued)** | **Semiconductors–(continued)** |
| &nbsp;&nbsp;&nbsp; MACOM Technology Solutions Holdings, <br> Inc.<sup>(b)</sup>  | &nbsp;&nbsp;&nbsp; MACOM Technology Solutions Holdings, <br> Inc.<sup>(b)</sup>  | 95701 | &nbsp;&nbsp; $11913817 |
| Microchip Technology, Inc. | Microchip Technology, Inc. | 18472 | &nbsp;&nbsp; 1186272 |
| Monolithic Power Systems, Inc.<sup>(c)</sup>  | Monolithic Power Systems, Inc.<sup>(c)</sup>  | 27739 | &nbsp;&nbsp; 25537633 |
|  |  |  | &nbsp;&nbsp; 64679596 |
| **Systems Software–2.62%** | **Systems Software–2.62%** | **Systems Software–2.62%** | **Systems Software–2.62%** |
| CyberArk Software Ltd.<sup>(b)</sup>  | CyberArk Software Ltd.<sup>(b)</sup>  | 14080 | &nbsp;&nbsp; 6802752 |
| Rubrik, Inc.<sup>(b)</sup>  | Rubrik, Inc.<sup>(b)</sup>  | 80573 | &nbsp;&nbsp; 6627129 |
| Zscaler, Inc.<sup>(b)(c)</sup>  | Zscaler, Inc.<sup>(b)(c)</sup>  | 38548 | &nbsp;&nbsp; 11551294 |
|  |  |  | &nbsp;&nbsp; 24981175 |
| **Trading Companies & Distributors–1.97%** | **Trading Companies & Distributors–1.97%** | **Trading Companies & Distributors–1.97%** | **Trading Companies & Distributors–1.97%** |
| Fastenal Co. | Fastenal Co. | 382704 | &nbsp;&nbsp; 18767804 |
| **Transaction & Payment Processing Services–1.47%** | **Transaction & Payment Processing Services–1.47%** | **Transaction & Payment Processing Services–1.47%** | **Transaction & Payment Processing Services–1.47%** |
| Affirm Holdings, Inc.<sup>(b)</sup>  | Affirm Holdings, Inc.<sup>(b)</sup>  | 86891 | &nbsp;&nbsp; 6349994 |
| Toast, Inc., Class A<sup>(b)</sup>  | Toast, Inc., Class A<sup>(b)</sup>  | 210653 | &nbsp;&nbsp; 7690941 |
|  |  |  | &nbsp;&nbsp; 14040935 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks & Other Equity Interests <br> (Cost $672,711,017) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks & Other Equity Interests <br> (Cost $672,711,017) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks & Other Equity Interests <br> (Cost $672,711,017) | &nbsp;&nbsp; 939855689 |
| **Money Market Funds–0.93%** | **Money Market Funds–0.93%** | **Money Market Funds–0.93%** | **Money Market Funds–0.93%** |
| &nbsp;&nbsp;&nbsp; Invesco Government & Agency Portfolio, <br> Institutional Class, 4.05%<sup>(d)(e)</sup>  | &nbsp;&nbsp;&nbsp; Invesco Government & Agency Portfolio, <br> Institutional Class, 4.05%<sup>(d)(e)</sup>  | 3210740 | &nbsp;&nbsp; 3210740 |
| &nbsp;&nbsp;&nbsp; Invesco Treasury Portfolio, Institutional <br> Class, 3.99%<sup>(d)(e)</sup>  | &nbsp;&nbsp;&nbsp; Invesco Treasury Portfolio, Institutional <br> Class, 3.99%<sup>(d)(e)</sup>  | 5686739 | &nbsp;&nbsp; 5686739 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Money Market Funds (Cost $8,897,479) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Money Market Funds (Cost $8,897,479) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Money Market Funds (Cost $8,897,479) | &nbsp;&nbsp; 8897479 |
| &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES <br> (excluding investments purchased <br> with cash collateral from securities <br> on loan)-99.48% <br> (Cost $681,608,496)<br>|  |  | &nbsp;&nbsp; 948753168 |
| **Investments Purchased with Cash Collateral from** <br> **Securities on Loan** | **Investments Purchased with Cash Collateral from** <br> **Securities on Loan** | **Investments Purchased with Cash Collateral from** <br> **Securities on Loan** | **Investments Purchased with Cash Collateral from** <br> **Securities on Loan** |
| **Money Market Funds–6.18%** | **Money Market Funds–6.18%** | **Money Market Funds–6.18%** | **Money Market Funds–6.18%** |
| &nbsp;&nbsp;&nbsp; Invesco Private Government Fund, <br> 4.14%<sup>(d)(e)(f)</sup>  | &nbsp;&nbsp;&nbsp; Invesco Private Government Fund, <br> 4.14%<sup>(d)(e)(f)</sup>  | 16352522 | &nbsp;&nbsp; 16352522 |
| Invesco Private Prime Fund, 4.26%<sup>(d)(e)(f)</sup>  | Invesco Private Prime Fund, 4.26%<sup>(d)(e)(f)</sup>  | 42532498 | &nbsp;&nbsp; 42545258 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investments Purchased with Cash Collateral <br> from Securities on Loan (Cost $58,897,780) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investments Purchased with Cash Collateral <br> from Securities on Loan (Cost $58,897,780) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investments Purchased with Cash Collateral <br> from Securities on Loan (Cost $58,897,780) | &nbsp;&nbsp; 58897780 |
| &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES–105.66% <br> (Cost $740,506,276) | &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES–105.66% <br> (Cost $740,506,276) | &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES–105.66% <br> (Cost $740,506,276) | &nbsp;&nbsp; 1007650948 |
| OTHER ASSETS LESS LIABILITIES—(5.66)% | OTHER ASSETS LESS LIABILITIES—(5.66)% | OTHER ASSETS LESS LIABILITIES—(5.66)% | &nbsp;&nbsp; (53936864)<br>|
| NET ASSETS–100.00% | NET ASSETS–100.00% | NET ASSETS–100.00% | &nbsp;&nbsp; $953714084 |

---

Investment Abbreviations:

ADR – American Depositary Receipt

See accompanying notes which are an integral part of this schedule.

**Invesco V.I. Discovery Mid Cap Growth Fund**

------

Notes to Schedule of Investments:

<sup>(a)</sup> 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. 

<sup>(b)</sup> Non-income producing security.

<sup>(c)</sup> All or a portion of this security was out on loan at September 30, 2025.

<sup>(d)</sup> Affiliated holding. Affiliated holdings are investments in entities which are under common ownership or control of Invesco Ltd. or are investments in entities in which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund's transactions in, and earnings from, its investments in affiliates for the nine months ended September 30, 2025. 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Value** <br>**December 31, 2024**<br>| **Purchases** <br>**at Cost**<br>| **Proceeds** <br>**from Sales**<br>| **Change in** <br>**Unrealized** <br>**Appreciation**<br>| **Realized** <br>**Gain** <br>**(Loss)**<br>| **Value** <br>**September 30, 2025**<br>| **Dividend Income** |
| **Investments in Affiliated Money** <br> **Market Funds:**<br>|  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Invesco Government & Agency Portfolio, <br> Institutional Class<br>| $6213703 | &nbsp;&nbsp; $98171888 | &nbsp;&nbsp; $(101174851) | &nbsp;&nbsp; $- | &nbsp;&nbsp; $- | &nbsp;&nbsp; $3210740 | &nbsp;&nbsp; $234950 |
| &nbsp;&nbsp;&nbsp; Invesco Treasury Portfolio, Institutional <br> Class<br>| &nbsp;&nbsp; 11263669 | &nbsp;&nbsp;&nbsp;&nbsp; 182319221 | &nbsp;&nbsp;&nbsp;&nbsp; (187896151) | &nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 5686739 | &nbsp;&nbsp;&nbsp;&nbsp; 424123 |
| **Investments Purchased with Cash** <br> **Collateral from Securities on Loan:**<br>|  |  |  |  |  |  |  |
| Invesco Private Government Fund | &nbsp;&nbsp; 13942461 | &nbsp;&nbsp;&nbsp;&nbsp; 341052071 | &nbsp;&nbsp;&nbsp;&nbsp; (338642010) | &nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp; 16352522 | &nbsp;&nbsp;&nbsp;&nbsp; 604,858\* |
| Invesco Private Prime Fund | &nbsp;&nbsp; 36358462 | &nbsp;&nbsp;&nbsp;&nbsp; 697248937 | &nbsp;&nbsp;&nbsp;&nbsp; (691058407) | &nbsp;&nbsp; - | &nbsp;&nbsp; (3734) | &nbsp;&nbsp; 42545258 | &nbsp;&nbsp; 1,652,013\* |
| Total | $67778295 | &nbsp;&nbsp; $1318792117 | &nbsp;&nbsp; $(1318771419) | &nbsp;&nbsp; $- | &nbsp;&nbsp; $(3734) | &nbsp;&nbsp; $67795259 | &nbsp;&nbsp; $2915944 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(e)</sup> The rate shown is the 7-day SEC standardized yield as of September 30, 2025. <br> <sup>(f)</sup> 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**

*September 30, 2025*

*(Unaudited)*

**NOTE 1—Additional Valuation Information**

Generally Accepted Accounting Principles ("GAAP") defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date, under current market conditions. GAAP establishes a hierarchy that prioritizes the inputs to valuation methods, giving the highest priority to readily available unadjusted quoted prices in an active market for identical assets (Level 1) and the lowest priority to significant unobservable inputs (Level 3), generally when market prices are not readily available. Based on the valuation inputs, the securities or other investments are tiered into one of three levels. Changes in valuation methods may result in transfers in or out of an investment's assigned level:

Level 1 – Prices are determined using quoted prices in an active market for identical assets.

Level 2 – Prices are determined using other significant observable inputs. Observable inputs are inputs that other market participants may use in pricing a security. These may include quoted prices for similar securities, interest rates, prepayment speeds, credit risk, yield curves, loss severities, default rates, discount rates, volatilities and others. When market movements occur after the close of the relevant foreign securities markets, foreign securities may be fair valued utilizing an independent pricing service.

Level 3 – Prices are determined using significant unobservable inputs. In situations where quoted prices or observable inputs are unavailable (for example, when there is little or no market activity for an investment at the end of the period), unobservable inputs may be used. Unobservable inputs reflect Invesco Advisers, Inc.'s assumptions about the factors market participants would use in determining fair value of the securities or instruments and would be based on the best available information.

The following is a summary of the tiered valuation input levels, as of September 30, 2025. 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 consolidated financial statements may materially differ from the value received upon actual sale of those investments.

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Level 1** | **Level 2** | **Level 3** | **Total** |
| <br>**Investments in Securities** |  |  |  |  |
| Common Stocks & Other Equity Interests | &nbsp;&nbsp;&nbsp;&nbsp; $939855689 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $939855689 |
| Money Market Funds | &nbsp;&nbsp;&nbsp;&nbsp; 8897479 | &nbsp;&nbsp;&nbsp;&nbsp; 58897780 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 67795259 |
| **Total Investments** | &nbsp;&nbsp;&nbsp;&nbsp; $948753168 | &nbsp;&nbsp;&nbsp;&nbsp; $58897780 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $1007650948 |

---

**Invesco V.I. Discovery Mid Cap Growth Fund**

------

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** AIM Variable Insurance Funds (Invesco Variable Insurance Funds)

- **b. Investment Company Act file number:** 811-07452

- **c. CIK number of Registrant:** 0000896435

- **d. LEI of Registrant:** FC4UULIMJMGKBDUARB13

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 11 Greenway Plaza

  - **City:** Houston

  - **State:** TX

  - **Foreign country:** US

  - **Zip / Postal Code:** 77046-1173

  - **Telephone number:** 800-959-4246

**Item A.2. Information about the Series.**

- **a. Name of Series:** Invesco V.I. Discovery Mid Cap Growth Fund

- **b. EDGAR series identifier (if any):** S000064658

- **c. LEI of Series:** 549300UVBOIFRDMXQ155

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-09-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $1013444118.52

**Total Liabilities:** $59460218.30

**Net Assets:** $953983900.22

**Cash Not Reported:** $500000.00

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000209364 | -0.23%               | 0.09%                | 3.00%                |
| Class ID C000209363 | -0.26%               | 0.06%                | 2.99%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $6974262.51              | $-9027098.25                               |
| Month 2  | $11558250.72             | $-10543342.78                              |
| Month 3  | $5159145.55              | $23119915.46                               |

### Schedule of Portfolio Investments

| Name                                      | Title                                                      | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Take-Two Interactive Software, Inc.       | Take-Two Interactive Software, Inc.                        | CUSIP: 874054109<br>LEI: BOMSTHHJK882EWYX3334 | Long             | EC               | CORP              | US        |     19708 | NS      | $5091758.88   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| BWX Technologies, Inc.                    | BWX Technologies, Inc.                                     | CUSIP: 05605H100<br>LEI: 549300NP85N265KWMS58 | Long             | EC               | CORP              | US        |     41907 | NS      | $7726393.59   | 0.81%             |  |  |  | No            |                  1 | On Loan: —       |
| XPO, Inc.                                 | XPO, Inc.                                                  | CUSIP: 983793100<br>LEI: 54930096DB9LCLPN7H13 | Long             | EC               | CORP              | US        |     50925 | NS      | $6583074.75   | 0.69%             |  |  |  | No            |                  1 | On Loan: —       |
| DoorDash, Inc.                            | DoorDash, Inc., Class A                                    | CUSIP: 25809K105<br>LEI: 549300NUQ43FGGSK5051 | Long             | EC               | CORP              | US        |     69401 | NS      | $18876377.99  | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Teradyne, Inc.                            | Teradyne, Inc.                                             | CUSIP: 880770102<br>LEI: C3X4YJ278QNZHRJULN75 | Long             | EC               | CORP              | US        |     35259 | NS      | $4853048.76   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| TechnipFMC PLC                            | TechnipFMC PLC                                             | CUSIP: G87110105<br>LEI: 549300D5I93QWCJTCK36 | Long             | EC               | CORP              | GB        |    187235 | NS      | $7386420.75   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Ralph Lauren Corp.                        | Ralph Lauren Corp.                                         | CUSIP: 751212101<br>LEI: HO1QNWM0IXBZ0QSMMO20 | Long             | EC               | CORP              | US        |     15520 | NS      | $4866451.20   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Toast, Inc.                               | Toast, Inc., Class A                                       | CUSIP: 888787108<br>LEI: 549300TN1PZNLCD4I551 | Long             | EC               | CORP              | US        |    210653 | NS      | $7690941.03   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Cloudflare, Inc.                          | Cloudflare, Inc., Class A                                  | CUSIP: 18915M107<br>LEI: 5493007DY18BGNLDWU14 | Long             | EC               | CORP              | US        |    107365 | NS      | $23039455.35  | 2.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Karman Holdings Inc.                      | Karman Holdings Inc.                                       | CUSIP: 485924104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     92578 | NS      | $6684131.60   | 0.70%             |  |  |  | No            |                  1 | On Loan: —       |
| Dutch Bros Inc.                           | Dutch Bros Inc., Class A                                   | CUSIP: 26701L100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    123160 | NS      | $6446194.40   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Treasury Portfolio                | Invesco Treasury Portfolio, Institutional Class            | CUSIP: 825252406<br>LEI: 5493004B3TM8ZIDDDC39 | Long             | STIV             | RF                | US        |   5686739 | NS      | $5686739.00   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Credo Technology Group Holding Ltd.       | Credo Technology Group Holding Ltd.                        | CUSIP: G25457105<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     74670 | NS      | $10872698.70  | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Curtiss-Wright Corp.                      | Curtiss-Wright Corp.                                       | CUSIP: 231561101<br>LEI: TEL51ETZWP7D0ZM4X325 | Long             | EC               | CORP              | US        |     21944 | NS      | $11914275.36  | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Lattice Semiconductor Corp.               | Lattice Semiconductor Corp.                                | CUSIP: 518415104<br>LEI: 549300LRBBPZDQ2II567 | Long             | EC               | CORP              | US        |    206890 | NS      | $15169174.80  | 1.59%             |  |  |  | No            |                  1 | On Loan: —       |
| HEICO Corp.                               | HEICO Corp.                                                | CUSIP: 422806109<br>LEI: 529900O1DTDLCJ7L0I14 | Long             | EC               | CORP              | US        |     41089 | NS      | $13264350.98  | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Carvana Co.                               | Carvana Co.                                                | CUSIP: 146869102<br>LEI: 5493003WEAK2PJ5WS063 | Long             | EC               | CORP              | US        |     39827 | NS      | $15024337.48  | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| D.R. Horton, Inc.                         | D.R. Horton, Inc.                                          | CUSIP: 23331A109<br>LEI: 529900ZIUEYVSB8QDD25 | Long             | EC               | CORP              | US        |     29374 | NS      | $4978011.78   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Nasdaq, Inc.                              | Nasdaq, Inc.                                               | CUSIP: 631103108<br>LEI: 549300L8X1Q78ERXFD06 | Long             | EC               | CORP              | US        |    157989 | NS      | $13974127.05  | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| CBRE Group, Inc.                          | CBRE Group, Inc., Class A                                  | CUSIP: 12504L109<br>LEI: 52990016II9MJ2OSWA10 | Long             | EC               | CORP              | US        |    106917 | NS      | $16845842.52  | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Cencora, Inc.                             | Cencora, Inc.                                              | CUSIP: 03073E105<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | EC               | CORP              | US        |     63015 | NS      | $19694077.95  | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Viking Holdings Ltd.                      | Viking Holdings Ltd.                                       | CUSIP: G93A5A101<br>LEI: N/A                  | Long             | EC               | CORP              | BM        |    203662 | NS      | $12659629.92  | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| EMCOR Group, Inc.                         | EMCOR Group, Inc.                                          | CUSIP: 29084Q100<br>LEI: 529900X0SQJB2J7YDU43 | Long             | EC               | CORP              | US        |     18227 | NS      | $11839165.58  | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Ollie's Bargain Outlet Holdings, Inc.     | Ollie's Bargain Outlet Holdings, Inc.                      | CUSIP: 681116109<br>LEI: 529900YO5DSQCPEFDZ05 | Long             | EC               | CORP              | US        |     92679 | NS      | $11899983.60  | 1.25%             |  |  |  | No            |                  1 | On Loan: —       |
| ServiceTitan, Inc.                        | ServiceTitan, Inc.                                         | CUSIP: 81764X103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     57721 | NS      | $5820008.43   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Hilton Worldwide Holdings Inc.            | Hilton Worldwide Holdings Inc.                             | CUSIP: 43300A203<br>LEI: 549300HVGPK36ICB0B89 | Long             | EC               | CORP              | US        |    104475 | NS      | $27104994.00  | 2.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Casey's General Stores, Inc.              | Casey's General Stores, Inc.                               | CUSIP: 147528103<br>LEI: 549300CAFWSI86V66Q65 | Long             | EC               | CORP              | US        |     19337 | NS      | $10931592.84  | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| CyberArk Software Ltd.                    | CyberArk Software Ltd.                                     | CUSIP: M2682V108<br>LEI: 529900YEXNDM894PWS93 | Long             | EC               | CORP              | IL        |     14080 | NS      | $6802752.00   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Nutanix, Inc.                             | Nutanix, Inc., Class A                                     | CUSIP: 67059N108<br>LEI: 549300X7J6E8TKVIXW09 | Long             | EC               | CORP              | US        |     73467 | NS      | $5465210.13   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Monolithic Power Systems, Inc.            | Monolithic Power Systems, Inc.                             | CUSIP: 609839105<br>LEI: 529900TB7O85LSZ1XU31 | Long             | EC               | CORP              | US        |     27739 | NS      | $25537632.96  | 2.68%             |  |  |  | No            |                  1 | On Loan: —       |
| Vertiv Holdings Co.                       | Vertiv Holdings Co., Class A                               | CUSIP: 92537N108<br>LEI: 549300KTTIRAOGXCRV69 | Long             | EC               | CORP              | US        |    127683 | NS      | $19262257.38  | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| MongoDB, Inc.                             | MongoDB, Inc.                                              | CUSIP: 60937P106<br>LEI: 549300TPTG69WKWE1Z37 | Long             | EC               | CORP              | US        |     29848 | NS      | $9264222.24   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Natera, Inc.                              | Natera, Inc.                                               | CUSIP: 632307104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     59349 | NS      | $9553408.53   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Rockwell Automation, Inc.                 | Rockwell Automation, Inc.                                  | CUSIP: 773903109<br>LEI: VH3R4HHBHH12O0EXZJ88 | Long             | EC               | CORP              | US        |     13079 | NS      | $4571502.87   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Zscaler, Inc.                             | Zscaler, Inc.                                              | CUSIP: 98980G102<br>LEI: 529900MZ0RTK1BWRNF46 | Long             | EC               | CORP              | US        |     38548 | NS      | $11551293.68  | 1.21%             |  |  |  | No            |                  1 | On Loan: —       |
| Quanta Services, Inc.                     | Quanta Services, Inc.                                      | CUSIP: 74762E102<br>LEI: SHVRXXEACT60MMH07S24 | Long             | EC               | CORP              | US        |     46313 | NS      | $19193033.46  | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| SPX Technologies, Inc.                    | SPX Technologies, Inc.                                     | CUSIP: 78473E103<br>LEI: P761FCI0CPOG24I8JE10 | Long             | EC               | CORP              | US        |     36702 | NS      | $6855199.56   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Duolingo, Inc.                            | Duolingo, Inc.                                             | CUSIP: 26603R106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     19577 | NS      | $6300661.68   | 0.66%             |  |  |  | No            |                  1 | On Loan: —       |
| Vistra Corp.                              | Vistra Corp.                                               | CUSIP: 92840M102<br>LEI: 549300KP43CPCUJOOG15 | Long             | EC               | CORP              | US        |     72046 | NS      | $14115252.32  | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| TE Connectivity PLC                       | TE Connectivity PLC                                        | CUSIP: G87052109<br>LEI: 6367003TB6K484NFHE54 | Long             | EC               | CORP              | IE        |     44186 | NS      | $9700152.58   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| MasTec, Inc.                              | MasTec, Inc.                                               | CUSIP: 576323109<br>LEI: 549300TMDIT8WREDOF45 | Long             | EC               | CORP              | US        |     52958 | NS      | $11269991.98  | 1.18%             |  |  |  | No            |                  1 | On Loan: —       |
| NRG Energy, Inc.                          | NRG Energy, Inc.                                           | CUSIP: 629377508<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | EC               | CORP              | US        |     61507 | NS      | $9961058.65   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Embraer S.A.                              | Embraer S.A., ADR                                          | CUSIP: 29082A107<br>LEI: 549300EM51WYXFHUY333 | Long             | EC               | CORP              | BR        |    123909 | NS      | $7490299.05   | 0.79%             |  |  |  | No            |                  1 | On Loan: —       |
| Labcorp Holdings Inc.                     | Labcorp Holdings Inc.                                      | CUSIP: 504922105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     35149 | NS      | $10089871.94  | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Coupang, Inc.                             | Coupang, Inc.                                              | CUSIP: 22266T109<br>LEI: 549300XR4L1D80AK4W76 | Long             | EC               | CORP              | US        |    164055 | NS      | $5282571.00   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Planet Fitness, Inc.                      | Planet Fitness, Inc., Class A                              | CUSIP: 72703H101<br>LEI: 549300LLE5HUPF6H8G33 | Long             | EC               | CORP              | US        |     71502 | NS      | $7421907.60   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Roblox Corp.                              | Roblox Corp., Class A                                      | CUSIP: 771049103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    107849 | NS      | $14939243.48  | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| HealthEquity, Inc.                        | HealthEquity, Inc.                                         | CUSIP: 42226A107<br>LEI: 529900LRJU1RAFQHM467 | Long             | EC               | CORP              | US        |     55164 | NS      | $5227892.28   | 0.55%             |  |  |  | No            |                  1 | On Loan: —       |
| Royal Caribbean Cruises Ltd.              | Royal Caribbean Cruises Ltd.                               | CUSIP: V7780T103<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | EC               | CORP              | LR        |     35969 | NS      | $11638849.02  | 1.22%             |  |  |  | No            |                  1 | On Loan: —       |
| Insulet Corp.                             | Insulet Corp.                                              | CUSIP: 45784P101<br>LEI: 549300TZTYD2PYN92D43 | Long             | EC               | CORP              | US        |     49090 | NS      | $15155555.70  | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Guidewire Software, Inc.                  | Guidewire Software, Inc.                                   | CUSIP: 40171V100<br>LEI: 549300WXSG0J8IXZCK32 | Long             | EC               | CORP              | US        |     58327 | NS      | $13407044.22  | 1.41%             |  |  |  | No            |                  1 | On Loan: —       |
| Comfort Systems USA, Inc.                 | Comfort Systems USA, Inc.                                  | CUSIP: 199908104<br>LEI: 5299009DT1ZA5HTU6R38 | Long             | EC               | CORP              | US        |     27281 | NS      | $22511735.58  | 2.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Private Prime Fund                | Invesco Private Prime Fund                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | PF                | US        |  42545258 | NS      | $42545257.75  | 4.46%             |  |  |  | No            |                  2 | On Loan: No      |
| ITT Inc.                                  | ITT Inc.                                                   | CUSIP: 45073V108<br>LEI: 549300KDSERHTJOXUS80 | Long             | EC               | CORP              | US        |     77237 | NS      | $13806886.12  | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Microchip Technology Inc.                 | Microchip Technology Inc.                                  | CUSIP: 595017104<br>LEI: 5493007PTFULNYZJ1R12 | Long             | EC               | CORP              | US        |     58130 | NS      | $3733108.60   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Palantir Technologies Inc.                | Palantir Technologies Inc., Class A                        | CUSIP: 69608A108<br>LEI: 549300UVN46B3BBDHO85 | Long             | EC               | CORP              | US        |     79190 | NS      | $14445839.80  | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Howmet Aerospace Inc.                     | Howmet Aerospace Inc.                                      | CUSIP: 443201108<br>LEI: 549300HO5WFZUT5N2T22 | Long             | EC               | CORP              | US        |    140973 | NS      | $27663131.79  | 2.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Fastenal Co.                              | Fastenal Co.                                               | CUSIP: 311900104<br>LEI: 529900PP0C7H2HHPSJ32 | Long             | EC               | CORP              | US        |    382704 | NS      | $18767804.16  | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Tenet Healthcare Corp.                    | Tenet Healthcare Corp.                                     | CUSIP: 88033G407<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | EC               | CORP              | US        |     69116 | NS      | $14033312.64  | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Ulta Beauty, Inc.                         | Ulta Beauty, Inc.                                          | CUSIP: 90384S303<br>LEI: 529900CIV6HN8M28YM82 | Long             | EC               | CORP              | US        |     18732 | NS      | $10241721.00  | 1.07%             |  |  |  | No            |                  1 | On Loan: —       |
| TKO Group Holdings, Inc.                  | TKO Group Holdings, Inc.                                   | CUSIP: 87256C101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     42989 | NS      | $8682058.44   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Affirm Holdings Inc.                      | Affirm Holdings Inc.                                       | CUSIP: 00827B106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     86891 | NS      | $6349994.28   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Rubrik, Inc.                              | Rubrik, Inc., Class A                                      | CUSIP: 781154109<br>LEI: 254900TRGK2WTBYMYU27 | Long             | EC               | CORP              | US        |     80573 | NS      | $6627129.25   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Reddit, Inc.                              | Reddit, Inc., Class A                                      | CUSIP: 75734B100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     22965 | NS      | $5281720.35   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Chewy, Inc.                               | Chewy, Inc., Class A                                       | CUSIP: 16679L109<br>LEI: 254900NPQSTG9I422879 | Long             | EC               | CORP              | US        |    172405 | NS      | $6973782.25   | 0.73%             |  |  |  | No            |                  1 | On Loan: —       |
| Carpenter Technology Corp.                | Carpenter Technology Corp.                                 | CUSIP: 144285103<br>LEI: DX6I6ZD3X5WNNCDJKP85 | Long             | EC               | CORP              | US        |     38654 | NS      | $9491103.16   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Government & Agency Portfolio     | Invesco Government & Agency Portfolio, Institutional Class | CUSIP: 825252885<br>LEI: 5493007T1J7WZ5QI1A47 | Long             | STIV             | RF                | US        |   3210740 | NS      | $3210740.37   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Ares Management Corp.                     | Ares Management Corp., Class A                             | CUSIP: 03990B101<br>LEI: 529900JUV61FH7B8VW38 | Long             | EC               | CORP              | US        |     74395 | NS      | $11895016.55  | 1.25%             |  |  |  | No            |                  1 | On Loan: —       |
| Encompass Health Corp.                    | Encompass Health Corp.                                     | CUSIP: 29261A100<br>LEI: 549300FVRPM9DRQZRG64 | Long             | EC               | CORP              | US        |    141660 | NS      | $17993653.20  | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| IDEXX Laboratories, Inc.                  | IDEXX Laboratories, Inc.                                   | CUSIP: 45168D104<br>LEI: OGMTXK0LUU1HKV2P0J84 | Long             | EC               | CORP              | US        |     14779 | NS      | $9442155.31   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Synchrony Financial                       | Synchrony Financial                                        | CUSIP: 87165B103<br>LEI: 549300RS7EWPM9MA6C78 | Long             | EC               | CORP              | US        |     62005 | NS      | $4405455.25   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| AutoZone, Inc.                            | AutoZone, Inc.                                             | CUSIP: 053332102<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | EC               | CORP              | US        |      2728 | NS      | $11703774.72  | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Private Government Fund           | Invesco Private Government Fund                            | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | PF                | US        |  16352522 | NS      | $16352522.36  | 1.71%             |  |  |  | No            |                  2 | On Loan: No      |
| Evercore Inc.                             | Evercore Inc., Class A                                     | CUSIP: 29977A105<br>LEI: 529900P6KLPT95DW3W58 | Long             | EC               | CORP              | US        |     46972 | NS      | $15844595.04  | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| MACOM Technology Solutions Holdings, Inc. | MACOM Technology Solutions Holdings, Inc.                  | CUSIP: 55405Y100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     95701 | NS      | $11913817.49  | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Tradeweb Markets Inc.                     | Tradeweb Markets Inc., Class A                             | CUSIP: 892672106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     67011 | NS      | $7436880.78   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Axon Enterprise, Inc.                     | Axon Enterprise, Inc.                                      | CUSIP: 05464C101<br>LEI: 549300QP2IEEGFE16681 | Long             | EC               | CORP              | US        |     31317 | NS      | $22474331.88  | 2.36%             |  |  |  | No            |                  1 | On Loan: —       |
| Lumentum Holdings Inc.                    | Lumentum Holdings Inc.                                     | CUSIP: 55024U109<br>LEI: 549300JLWRRC38DWEF52 | Long             | EC               | CORP              | US        |     51594 | NS      | $8394859.74   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Celestica Inc.                            | Celestica Inc.                                             | CUSIP: 15101Q207<br>LEI: 549300J3CG5T6RZWLN53 | Long             | EC               | CORP              | CA        |     28865 | NS      | $7111758.70   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| LPL Financial Holdings Inc.               | LPL Financial Holdings Inc.                                | CUSIP: 50212V100<br>LEI: 549300XROQ4Y8G2L7682 | Long             | EC               | CORP              | US        |     43018 | NS      | $14311658.42  | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Cheniere Energy, Inc.                     | Cheniere Energy, Inc.                                      | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |     52362 | NS      | $12304022.76  | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| CoreWeave, Inc.                           | CoreWeave, Inc., Class A                                   | CUSIP: 21873S108<br>LEI: 984500511DP2B6186053 | Long             | EC               | CORP              | US        |     40383 | NS      | $5526413.55   | 0.58%             |  |  |  | No            |                  1 | On Loan: —       |
| Flex Ltd.                                 | Flex Ltd.                                                  | CUSIP: Y2573F102<br>LEI: 549300EAQH74YHD07T53 | Long             | EC               | CORP              | SG        |    366175 | NS      | $21227164.75  | 2.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Alnylam Pharmaceuticals, Inc.             | Alnylam Pharmaceuticals, Inc.                              | CUSIP: 02043Q107<br>LEI: 529900S3ZI14OWRJII50 | Long             | EC               | CORP              | US        |     31731 | NS      | $14469336.00  | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Robinhood Markets, Inc.                   | Robinhood Markets, Inc., Class A                           | CUSIP: 770700102<br>LEI: 213800FS5AO3YWIE6F63 | Long             | EC               | CORP              | US        |    129505 | NS      | $18542525.90  | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-30

**Name of Applicant:** AIM Variable Insurance Funds (Invesco Variable Insurance Funds)

**Signature:** Adrien Deberghes

**Name of Signer:** Adrien Deberghes

**Title:** Principal Financial Officer and Treasurer