# EDGAR Filing Document

**Accession Number:** 0000896435
**File Stem:** 0000896435-25-000174
**Filing Date:** 2025-12
**Character Count:** 114297
**Document Hash:** c485b001232cc140e50c46387e7fb409
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000896435-25-000174.hdr.sgml**: 20251201

**ACCESSION NUMBER**: 0000896435-25-000174

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251201

**DATE AS OF CHANGE**: 20251201

**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:** 251538093

**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. Balanced-Risk Allocation Fund (Series ID: S000030663)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000095034 | Series I     |  |
| C000095035 | Series II    |  |

## Nport-Ex

**Consolidated Schedule of Investments**

*September 30, 2025*

*(Unaudited)* 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **U.S. Treasury Securities–2.15%** | **U.S. Treasury Securities–2.15%** | **U.S. Treasury Securities–2.15%** | **U.S. Treasury Securities–2.15%** |  |  |
| **U.S. Treasury Floating Rate Notes–2.15%** | **U.S. Treasury Floating Rate Notes–2.15%** | **U.S. Treasury Floating Rate Notes–2.15%** | **U.S. Treasury Floating Rate Notes–2.15%** | **U.S. Treasury Floating Rate Notes–2.15%** | **U.S. Treasury Floating Rate Notes–2.15%** |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Floating Rate Notes (3 mo. U.S. Treasury Bill Money Market Yield Rate + 0.18%) <br> (Cost $8,950,000)<sup>(a)</sup> <br>| 4.08% | 07/31/2026 |  | $8950 | &nbsp;&nbsp; $8950205 |
|  |  |  | **Shares** | **Shares** |  |
| **Money Market Funds–91.23%**<sup>(b)</sup>  | **Money Market Funds–91.23%**<sup>(b)</sup>  | **Money Market Funds–91.23%**<sup>(b)</sup>  | **Money Market Funds–91.23%**<sup>(b)</sup>  | **Money Market Funds–91.23%**<sup>(b)</sup>  | **Money Market Funds–91.23%**<sup>(b)</sup>  |
| Invesco Government & Agency Portfolio, Institutional Class, 4.05%<sup>(c)</sup> <br>|  |  |  | 108944835 | &nbsp;&nbsp; 108944835 |
| Invesco Government Money Market Fund, Cash Reserve Shares, 3.97%<sup>(c)</sup> <br>|  |  |  | 69148006 | &nbsp;&nbsp; 69148006 |
| Invesco Liquidity Funds PLC, Invesco US Dollar Liquidity Portfolio (Ireland), Agency Class, 4.30%<sup>(c)</sup> <br>|  |  |  | 39477334 | &nbsp;&nbsp; 39477334 |
| Invesco Premier U.S. Government Money Portfolio, Institutional Class, 4.03%<sup>(c)</sup> <br>|  |  |  | 65985603 | &nbsp;&nbsp; 65985603 |
| Invesco Treasury Obligations Portfolio, Institutional Class, 3.99%<sup>(c)</sup> <br>|  |  |  | 51505418 | &nbsp;&nbsp; 51505418 |
| Invesco Treasury Portfolio, Institutional Class, 3.99%<sup>(c)</sup> <br>|  |  |  | 35397661 | &nbsp;&nbsp; 35397661 |
| Invesco V.I. Government Money Market Fund, Series I, 3.82%<sup>(c)</sup> <br>|  |  |  | 9240310 | &nbsp;&nbsp; 9240310 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Money Market Funds (Cost $379,699,167) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Money Market Funds (Cost $379,699,167) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Money Market Funds (Cost $379,699,167) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Money Market Funds (Cost $379,699,167) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Money Market Funds (Cost $379,699,167) | &nbsp;&nbsp; 379699167 |
| **Options Purchased–0.29%** | **Options Purchased–0.29%** | **Options Purchased–0.29%** | **Options Purchased–0.29%** | **Options Purchased–0.29%** | **Options Purchased–0.29%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Cost $3,974,084)<sup>(d)</sup>  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Cost $3,974,084)<sup>(d)</sup>  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Cost $3,974,084)<sup>(d)</sup>  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Cost $3,974,084)<sup>(d)</sup>  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Cost $3,974,084)<sup>(d)</sup>  | &nbsp;&nbsp; 1220976 |
| TOTAL INVESTMENTS IN SECURITIES–93.67% (Cost $392,623,251) | TOTAL INVESTMENTS IN SECURITIES–93.67% (Cost $392,623,251) | TOTAL INVESTMENTS IN SECURITIES–93.67% (Cost $392,623,251) | TOTAL INVESTMENTS IN SECURITIES–93.67% (Cost $392,623,251) | TOTAL INVESTMENTS IN SECURITIES–93.67% (Cost $392,623,251) | &nbsp;&nbsp; 389870348 |
| OTHER ASSETS LESS LIABILITIES–6.33% | OTHER ASSETS LESS LIABILITIES–6.33% | OTHER ASSETS LESS LIABILITIES–6.33% | OTHER ASSETS LESS LIABILITIES–6.33% | OTHER ASSETS LESS LIABILITIES–6.33% | &nbsp;&nbsp; 26327839 |
| NET ASSETS–100.00% | NET ASSETS–100.00% | NET ASSETS–100.00% | NET ASSETS–100.00% | NET ASSETS–100.00% | &nbsp;&nbsp; $416198187 |

---

Notes to Consolidated Schedule of Investments:

<sup>(a)</sup> Interest or dividend rate is redetermined periodically. Rate shown is the rate in effect on September 30, 2025.

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

<sup>(c)</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>| **Value** <br>**September 30, 2025**<br>| **Dividend Income** |
| **Investments in Affiliated Money Market** <br> **Funds:**<br>|  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Invesco Government & Agency Portfolio, <br> Institutional Class<br>| $109484804 | &nbsp;&nbsp; $81417961 | &nbsp;&nbsp; $(81957930) | &nbsp;&nbsp; $- | &nbsp;&nbsp; $- | &nbsp;&nbsp; $108944835 | &nbsp;&nbsp; $3402849 |
| &nbsp;&nbsp;&nbsp; Invesco Government Money Market Fund, Cash <br> Reserve Shares<br>| &nbsp;&nbsp;&nbsp; 57405756 | &nbsp;&nbsp;&nbsp; 23071936 | &nbsp;&nbsp;&nbsp; (11329686) | &nbsp;&nbsp; - | &nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 69148006 | &nbsp;&nbsp;&nbsp; 1890577 |
| &nbsp;&nbsp;&nbsp; Invesco Liquidity Funds PLC, Invesco US Dollar <br> Liquidity Portfolio, Agency Class<br>| &nbsp;&nbsp;&nbsp; 39409556 | &nbsp;&nbsp;&nbsp; 67493612 | &nbsp;&nbsp;&nbsp; (67425834) | &nbsp;&nbsp; - | &nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 39477334 | &nbsp;&nbsp;&nbsp; 1264047 |
| &nbsp;&nbsp;&nbsp; Invesco Premier U.S. Government Money <br> Portfolio, Institutional Class<br>| &nbsp;&nbsp;&nbsp; 71683244 | &nbsp;&nbsp;&nbsp; 22872530 | &nbsp;&nbsp;&nbsp; (28570171) | &nbsp;&nbsp; - | &nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 65985603 | &nbsp;&nbsp;&nbsp; 1981294 |
| &nbsp;&nbsp;&nbsp; Invesco Treasury Obligations Portfolio, <br> Institutional Class<br>| &nbsp;&nbsp;&nbsp; 51505418 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp; - | &nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 51505418 | &nbsp;&nbsp;&nbsp; 1595688 |
| Invesco Treasury Portfolio, Institutional Class | &nbsp;&nbsp;&nbsp; 40495750 | &nbsp;&nbsp;&nbsp; 85978227 | &nbsp;&nbsp;&nbsp; (91076316) | &nbsp;&nbsp; - | &nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 35397661 | &nbsp;&nbsp;&nbsp; 1416483 |
| &nbsp;&nbsp;&nbsp; Invesco V.I. Government Money Market Fund, <br> Series I<br>| &nbsp;&nbsp;&nbsp;&nbsp; 9240310 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp; - | &nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp; 9240310 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 279473 |
| Total | $379224838 | &nbsp;&nbsp; $280834266 | &nbsp;&nbsp; $(280359937) | &nbsp;&nbsp; $- | &nbsp;&nbsp; $- | &nbsp;&nbsp; $379699167 | &nbsp;&nbsp; $11830411 |

---

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

<sup>(d)</sup> The table below details options purchased.

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

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

**Invesco V.I. Balanced-Risk Allocation Fund**

------

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Open Exchange-Traded Index Options Purchased** | **Open Exchange-Traded Index Options Purchased** | **Open Exchange-Traded Index Options Purchased** | **Open Exchange-Traded Index Options Purchased** | **Open Exchange-Traded Index Options Purchased** | **Open Exchange-Traded Index Options Purchased** | **Open Exchange-Traded Index Options Purchased** | **Open Exchange-Traded Index Options Purchased** | **Open Exchange-Traded Index Options Purchased** |
| **Description** | &nbsp;&nbsp; **Type of** <br>**Contract**<br>| **Expiration** <br>**Date**<br>| **Number of** <br>**Contracts**<br>| **Exercise** <br>**Price** | **Exercise** <br>**Price** | **Notional** <br>**Value**<sup>(a)</sup>  | **Notional** <br>**Value**<sup>(a)</sup>  | **Value** |
| **Equity Risk** | **Equity Risk** | **Equity Risk** | **Equity Risk** |  |  |  |  |  |
| EURO STOXX 50 Index | Put | &nbsp;&nbsp; 10/17/2025 | &nbsp;&nbsp; 21 | &nbsp;&nbsp; EUR | 4800.00 | &nbsp;&nbsp; EUR | &nbsp;&nbsp; 1008000 | $518 |
| EURO STOXX 50 Index | Put | &nbsp;&nbsp; 11/21/2025 | &nbsp;&nbsp; 21 | &nbsp;&nbsp; EUR | 4800.00 | &nbsp;&nbsp; EUR | &nbsp;&nbsp; 1008000 | 3131 |
| EURO STOXX 50 Index | Put | &nbsp;&nbsp; 12/19/2025 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; EUR | 4700.00 | &nbsp;&nbsp; EUR | &nbsp;&nbsp; 940000 | 4861 |
| EURO STOXX 50 Index | Put | &nbsp;&nbsp; 01/16/2026 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; EUR | 4700.00 | &nbsp;&nbsp; EUR | &nbsp;&nbsp; 940000 | 6950 |
| EURO STOXX 50 Index | Put | &nbsp;&nbsp; 02/20/2026 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; EUR | 5100.00 | &nbsp;&nbsp; EUR | &nbsp;&nbsp; 1020000 | 19654 |
| EURO STOXX 50 Index | Put | &nbsp;&nbsp; 04/17/2026 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; EUR | 5100.00 | &nbsp;&nbsp; EUR | &nbsp;&nbsp; 1020000 | 27003 |
| EURO STOXX 50 Index | Put | &nbsp;&nbsp; 05/15/2026 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; EUR | 5000.00 | &nbsp;&nbsp; EUR | &nbsp;&nbsp; 1000000 | 27802 |
| EURO STOXX 50 Index | Put | &nbsp;&nbsp; 08/21/2026 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; EUR | 5000.00 | &nbsp;&nbsp; EUR | &nbsp;&nbsp; 1000000 | 38415 |
| EURO STOXX 50 Index | Put | &nbsp;&nbsp; 03/20/2026 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; EUR | 5400.00 | &nbsp;&nbsp; EUR | &nbsp;&nbsp; 1080000 | 39401 |
| EURO STOXX 50 Index | Put | &nbsp;&nbsp; 07/17/2026 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; EUR | 5100.00 | &nbsp;&nbsp; EUR | &nbsp;&nbsp; 1020000 | 40106 |
| EURO STOXX 50 Index | Put | &nbsp;&nbsp; 06/19/2026 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; EUR | 5200.00 | &nbsp;&nbsp; EUR | &nbsp;&nbsp; 1040000 | 42618 |
| EURO STOXX 50 Index | Put | &nbsp;&nbsp; 09/18/2026 | &nbsp;&nbsp; 19 | &nbsp;&nbsp; EUR | 5200.00 | &nbsp;&nbsp; EUR | &nbsp;&nbsp; 988000 | 49811 |
| FTSE 100 Index | Put | &nbsp;&nbsp; 10/17/2025 | &nbsp;&nbsp; 12 | &nbsp;&nbsp; GBP | 8225.00 | &nbsp;&nbsp; GBP | &nbsp;&nbsp; 987000 | 403 |
| FTSE 100 Index | Put | &nbsp;&nbsp; 11/21/2025 | &nbsp;&nbsp; 12 | &nbsp;&nbsp; GBP | 8100.00 | &nbsp;&nbsp; GBP | &nbsp;&nbsp; 972000 | 1533 |
| FTSE 100 Index | Put | &nbsp;&nbsp; 12/19/2025 | &nbsp;&nbsp; 12 | &nbsp;&nbsp; GBP | 8250.00 | &nbsp;&nbsp; GBP | &nbsp;&nbsp; 990000 | 3389 |
| FTSE 100 Index | Put | &nbsp;&nbsp; 01/16/2026 | &nbsp;&nbsp; 12 | &nbsp;&nbsp; GBP | 8150.00 | &nbsp;&nbsp; GBP | &nbsp;&nbsp; 978000 | 4196 |
| FTSE 100 Index | Put | &nbsp;&nbsp; 02/20/2026 | &nbsp;&nbsp; 12 | &nbsp;&nbsp; GBP | 8475.00 | &nbsp;&nbsp; GBP | &nbsp;&nbsp; 1017000 | 8150 |
| FTSE 100 Index | Put | &nbsp;&nbsp; 04/17/2026 | &nbsp;&nbsp; 12 | &nbsp;&nbsp; GBP | 8500.00 | &nbsp;&nbsp; GBP | &nbsp;&nbsp; 1020000 | 13557 |
| FTSE 100 Index | Put | &nbsp;&nbsp; 05/15/2026 | &nbsp;&nbsp; 12 | &nbsp;&nbsp; GBP | 8350.00 | &nbsp;&nbsp; GBP | &nbsp;&nbsp; 1002000 | 16219 |
| FTSE 100 Index | Put | &nbsp;&nbsp; 03/20/2026 | &nbsp;&nbsp; 12 | &nbsp;&nbsp; GBP | 8800.00 | &nbsp;&nbsp; GBP | &nbsp;&nbsp; 1056000 | 18398 |
| FTSE 100 Index | Put | &nbsp;&nbsp; 06/19/2026 | &nbsp;&nbsp; 12 | &nbsp;&nbsp; GBP | 8700.00 | &nbsp;&nbsp; GBP | &nbsp;&nbsp; 1044000 | 25338 |
| FTSE 100 Index | Put | &nbsp;&nbsp; 07/17/2026 | &nbsp;&nbsp; 12 | &nbsp;&nbsp; GBP | 8700.00 | &nbsp;&nbsp; GBP | &nbsp;&nbsp; 1044000 | 27597 |
| FTSE 100 Index | Put | &nbsp;&nbsp; 08/21/2026 | &nbsp;&nbsp; 12 | &nbsp;&nbsp; GBP | 8950.00 | &nbsp;&nbsp; GBP | &nbsp;&nbsp; 1074000 | 36232 |
| FTSE 100 Index | Put | &nbsp;&nbsp; 09/18/2026 | &nbsp;&nbsp; 12 | &nbsp;&nbsp; GBP | 9000.00 | &nbsp;&nbsp; GBP | &nbsp;&nbsp; 1080000 | 45269 |
| MSCI Emerging Markets Index | Put | &nbsp;&nbsp; 10/17/2025 | &nbsp;&nbsp; 9 | &nbsp;&nbsp; USD | 1160.00 | &nbsp;&nbsp; USD | &nbsp;&nbsp; 1044000 | 473 |
| MSCI Emerging Markets Index | Put | &nbsp;&nbsp; 11/21/2025 | &nbsp;&nbsp; 9 | &nbsp;&nbsp; USD | 1125.00 | &nbsp;&nbsp; USD | &nbsp;&nbsp; 1012500 | 1710 |
| MSCI Emerging Markets Index | Put | &nbsp;&nbsp; 12/19/2025 | &nbsp;&nbsp; 9 | &nbsp;&nbsp; USD | 1080.00 | &nbsp;&nbsp; USD | &nbsp;&nbsp; 972000 | 2408 |
| MSCI Emerging Markets Index | Put | &nbsp;&nbsp; 01/16/2026 | &nbsp;&nbsp; 9 | &nbsp;&nbsp; USD | 1060.00 | &nbsp;&nbsp; USD | &nbsp;&nbsp; 954000 | 3398 |
| MSCI Emerging Markets Index | Put | &nbsp;&nbsp; 02/20/2026 | &nbsp;&nbsp; 9 | &nbsp;&nbsp; USD | 1070.00 | &nbsp;&nbsp; USD | &nbsp;&nbsp; 963000 | 5130 |
| MSCI Emerging Markets Index | Put | &nbsp;&nbsp; 03/20/2026 | &nbsp;&nbsp; 9 | &nbsp;&nbsp; USD | 1090.00 | &nbsp;&nbsp; USD | &nbsp;&nbsp; 981000 | 7560 |
| MSCI Emerging Markets Index | Put | &nbsp;&nbsp; 04/17/2026 | &nbsp;&nbsp; 9 | &nbsp;&nbsp; USD | 1100.00 | &nbsp;&nbsp; USD | &nbsp;&nbsp; 990000 | 9720 |
| MSCI Emerging Markets Index | Put | &nbsp;&nbsp; 05/15/2026 | &nbsp;&nbsp; 9 | &nbsp;&nbsp; USD | 1100.00 | &nbsp;&nbsp; USD | &nbsp;&nbsp; 990000 | 11430 |
| MSCI Emerging Markets Index | Put | &nbsp;&nbsp; 06/18/2026 | &nbsp;&nbsp; 9 | &nbsp;&nbsp; USD | 1140.00 | &nbsp;&nbsp; USD | &nbsp;&nbsp; 1026000 | 16605 |
| MSCI Emerging Markets Index | Put | &nbsp;&nbsp; 07/17/2026 | &nbsp;&nbsp; 9 | &nbsp;&nbsp; USD | 1220.00 | &nbsp;&nbsp; USD | &nbsp;&nbsp; 1098000 | 32310 |
| MSCI Emerging Markets Index | Put | &nbsp;&nbsp; 08/21/2026 | &nbsp;&nbsp; 9 | &nbsp;&nbsp; USD | 1210.00 | &nbsp;&nbsp; USD | &nbsp;&nbsp; 1089000 | 34200 |
| MSCI Emerging Markets Index | Put | &nbsp;&nbsp; 09/18/2026 | &nbsp;&nbsp; 9 | &nbsp;&nbsp; USD | 1250.00 | &nbsp;&nbsp; USD | &nbsp;&nbsp; 1125000 | 45315 |
| Nikkei 225 Index | Put | &nbsp;&nbsp; 12/12/2025 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; JPY | 37000.00 | &nbsp;&nbsp; JPY | &nbsp;&nbsp; 185000000 | 7776 |
| Nikkei 225 Index | Put | &nbsp;&nbsp; 12/12/2025 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; JPY | 37250.00 | &nbsp;&nbsp; JPY | &nbsp;&nbsp; 186250000 | 8114 |
| Nikkei 225 Index | Put | &nbsp;&nbsp; 12/12/2025 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; JPY | 37500.00 | &nbsp;&nbsp; JPY | &nbsp;&nbsp; 187500000 | 8453 |
| Nikkei 225 Index | Put | &nbsp;&nbsp; 03/13/2026 | &nbsp;&nbsp; 4 | &nbsp;&nbsp; JPY | 36250.00 | &nbsp;&nbsp; JPY | &nbsp;&nbsp; 145000000 | 12983 |
| Nikkei 225 Index | Put | &nbsp;&nbsp; 06/12/2026 | &nbsp;&nbsp; 4 | &nbsp;&nbsp; JPY | 34250.00 | &nbsp;&nbsp; JPY | &nbsp;&nbsp; 137000000 | 14606 |
| Nikkei 225 Index | Put | &nbsp;&nbsp; 06/12/2026 | &nbsp;&nbsp; 4 | &nbsp;&nbsp; JPY | 35000.00 | &nbsp;&nbsp; JPY | &nbsp;&nbsp; 140000000 | 16499 |
| Nikkei 225 Index | Put | &nbsp;&nbsp; 03/13/2026 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; JPY | 37000.00 | &nbsp;&nbsp; JPY | &nbsp;&nbsp; 185000000 | 18765 |
| Nikkei 225 Index | Put | &nbsp;&nbsp; 03/13/2026 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; JPY | 37250.00 | &nbsp;&nbsp; JPY | &nbsp;&nbsp; 186250000 | 19610 |
| Nikkei 225 Index | Put | &nbsp;&nbsp; 06/12/2026 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; JPY | 36000.00 | &nbsp;&nbsp; JPY | &nbsp;&nbsp; 180000000 | 24174 |
| Nikkei 225 Index | Put | &nbsp;&nbsp; 09/11/2026 | &nbsp;&nbsp; 4 | &nbsp;&nbsp; JPY | 38500.00 | &nbsp;&nbsp; JPY | &nbsp;&nbsp; 154000000 | 38273 |
| Nikkei 225 Index | Put | &nbsp;&nbsp; 09/11/2026 | &nbsp;&nbsp; 4 | &nbsp;&nbsp; JPY | 40750.00 | &nbsp;&nbsp; JPY | &nbsp;&nbsp; 163000000 | 53555 |
| Nikkei 225 Index | Put | &nbsp;&nbsp; 09/11/2026 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; JPY | 39250.00 | &nbsp;&nbsp; JPY | &nbsp;&nbsp; 196250000 | 53589 |
| S&P 500<sup>®</sup> Mini Index | Put | &nbsp;&nbsp; 10/17/2025 | &nbsp;&nbsp; 22 | &nbsp;&nbsp; USD | 575.00 | &nbsp;&nbsp; USD | &nbsp;&nbsp; 1265000 | 605 |
| S&P 500<sup>®</sup> Mini Index | Put | &nbsp;&nbsp; 11/21/2025 | &nbsp;&nbsp; 22 | &nbsp;&nbsp; USD | 582.00 | &nbsp;&nbsp; USD | &nbsp;&nbsp; 1280400 | 3707 |

---

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

**Invesco V.I. Balanced-Risk Allocation Fund**

------

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Open Exchange-Traded Index Options Purchased—(continued)** | **Open Exchange-Traded Index Options Purchased—(continued)** | **Open Exchange-Traded Index Options Purchased—(continued)** | **Open Exchange-Traded Index Options Purchased—(continued)** | **Open Exchange-Traded Index Options Purchased—(continued)** | **Open Exchange-Traded Index Options Purchased—(continued)** | **Open Exchange-Traded Index Options Purchased—(continued)** | **Open Exchange-Traded Index Options Purchased—(continued)** | **Open Exchange-Traded Index Options Purchased—(continued)** |
| **Description** | &nbsp;&nbsp; **Type of**<br> **Contract**<br>| **Expiration**<br> **Date**<br>| **Number of**<br> **Contracts**<br>| **Exercise**<br> **Price** | **Exercise**<br> **Price** | **Notional**<br> **Value**<sup>(a)</sup> | **Notional**<br> **Value**<sup>(a)</sup> | **Value** |
| S&P 500<sup>®</sup> Mini Index | Put | &nbsp;&nbsp; 12/19/2025 | &nbsp;&nbsp; 21 | &nbsp;&nbsp; USD | 610.00 | &nbsp;&nbsp; USD | &nbsp;&nbsp; 1281000 | $11277 |
| S&P 500<sup>®</sup> Mini Index | Put | &nbsp;&nbsp; 01/16/2026 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; USD | 597.00 | &nbsp;&nbsp; USD | &nbsp;&nbsp; 1194000 | 12170 |
| S&P 500<sup>®</sup> Mini Index | Put | &nbsp;&nbsp; 04/17/2026 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; USD | 562.00 | &nbsp;&nbsp; USD | &nbsp;&nbsp; 1124000 | 15930 |
| S&P 500<sup>®</sup> Mini Index | Put | &nbsp;&nbsp; 02/20/2026 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; USD | 600.00 | &nbsp;&nbsp; USD | &nbsp;&nbsp; 1200000 | 17230 |
| S&P 500<sup>®</sup> Mini Index | Put | &nbsp;&nbsp; 05/15/2026 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; USD | 560.00 | &nbsp;&nbsp; USD | &nbsp;&nbsp; 1120000 | 18050 |
| S&P 500<sup>®</sup> Mini Index | Put | &nbsp;&nbsp; 03/20/2026 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; USD | 597.00 | &nbsp;&nbsp; USD | &nbsp;&nbsp; 1194000 | 20200 |
| S&P 500<sup>®</sup> Mini Index | Put | &nbsp;&nbsp; 06/18/2026 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; USD | 595.00 | &nbsp;&nbsp; USD | &nbsp;&nbsp; 1190000 | 29330 |
| S&P 500<sup>®</sup> Mini Index | Put | &nbsp;&nbsp; 07/17/2026 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; USD | 623.00 | &nbsp;&nbsp; USD | &nbsp;&nbsp; 1246000 | 41520 |
| S&P 500<sup>®</sup> Mini Index | Put | &nbsp;&nbsp; 08/21/2026 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; USD | 630.00 | &nbsp;&nbsp; USD | &nbsp;&nbsp; 1260000 | 48230 |
| S&P 500<sup>®</sup> Mini Index | Put | &nbsp;&nbsp; 09/18/2026 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; USD | 640.00 | &nbsp;&nbsp; USD | &nbsp;&nbsp; 1280000 | 55520 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Index Options Purchased | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Index Options Purchased | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Index Options Purchased | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Index Options Purchased |  |  |  |  | $1220976 |

---

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

<sup>(a)</sup> Notional Value is calculated by multiplying the Number of Contracts by the Exercise Price by the multiplier.<br>

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Open Futures Contracts**<sup>(a)</sup>  | **Open Futures Contracts**<sup>(a)</sup>  | **Open Futures Contracts**<sup>(a)</sup>  | **Open Futures Contracts**<sup>(a)</sup>  | **Open Futures Contracts**<sup>(a)</sup>  | **Open Futures Contracts**<sup>(a)</sup>  |
| **Long Futures Contracts** | &nbsp;&nbsp; **Number of**<br> **Contracts**<br>| &nbsp;&nbsp;&nbsp; **Expiration**<br> **Month**<br>| &nbsp;&nbsp; **Notional**<br> **Value**<br>| **Value** | &nbsp;&nbsp; **Unrealized**<br> **Appreciation**<br> &nbsp;&nbsp;&nbsp;&nbsp;**(Depreciation)**<br>|
| **Commodity Risk** | **Commodity Risk** | **Commodity Risk** | **Commodity Risk** | **Commodity Risk** | **Commodity Risk** |
| Brent Crude | &nbsp;&nbsp;&nbsp; 116 | November-2025 | &nbsp;&nbsp;&nbsp; $7611920 | &nbsp;&nbsp;&nbsp; $(208585)<br>| &nbsp;&nbsp;&nbsp; $(208585)<br>|
| Gasoline Reformulated Blendstock Oxygenate Blending | &nbsp;&nbsp;&nbsp; 85 | October-2025 | &nbsp;&nbsp;&nbsp; 6862611 | &nbsp;&nbsp;&nbsp; (29779)<br>| &nbsp;&nbsp;&nbsp; (29779)<br>|
| New York Harbor Ultra-Low Sulfur Diesel | &nbsp;&nbsp;&nbsp; 89 | March-2026 | &nbsp;&nbsp;&nbsp; 8271446 | &nbsp;&nbsp;&nbsp; (93619)<br>| &nbsp;&nbsp;&nbsp; (93619)<br>|
| Silver | &nbsp;&nbsp;&nbsp; 31 | December-2025 | &nbsp;&nbsp;&nbsp; 7229200 | &nbsp;&nbsp;&nbsp; 1253596 | &nbsp;&nbsp;&nbsp; 1253596 |
| WTI Crude | &nbsp;&nbsp;&nbsp; 41 | November-2025 | &nbsp;&nbsp;&nbsp; 2540360 | &nbsp;&nbsp;&nbsp; (76102)<br>| &nbsp;&nbsp;&nbsp; (76102)<br>|
| &nbsp;&nbsp;&nbsp; Subtotal | &nbsp;&nbsp;&nbsp; Subtotal | &nbsp;&nbsp;&nbsp; Subtotal | &nbsp;&nbsp;&nbsp; Subtotal | &nbsp;&nbsp;&nbsp; 845511 | &nbsp;&nbsp;&nbsp; 845511 |
| **Equity Risk** | **Equity Risk** | **Equity Risk** | **Equity Risk** | **Equity Risk** | **Equity Risk** |
| E-Mini Russell 2000 Index | &nbsp;&nbsp;&nbsp; 154 | December-2025 | &nbsp;&nbsp;&nbsp; 18907350 | &nbsp;&nbsp;&nbsp; 283735 | &nbsp;&nbsp;&nbsp; 283735 |
| E-Mini S&P 500 Index | &nbsp;&nbsp;&nbsp; 7 | December-2025 | &nbsp;&nbsp;&nbsp; 2358562 | &nbsp;&nbsp;&nbsp; 31605 | &nbsp;&nbsp;&nbsp; 31605 |
| EURO STOXX 50 Index | &nbsp;&nbsp;&nbsp; 123 | December-2025 | &nbsp;&nbsp;&nbsp; 8001660 | &nbsp;&nbsp;&nbsp; 173387 | &nbsp;&nbsp;&nbsp; 173387 |
| FTSE 100 Index | &nbsp;&nbsp;&nbsp; 33 | December-2025 | &nbsp;&nbsp;&nbsp; 4175207 | &nbsp;&nbsp;&nbsp; 33676 | &nbsp;&nbsp;&nbsp; 33676 |
| MSCI Emerging Markets Index | &nbsp;&nbsp;&nbsp; 348 | December-2025 | &nbsp;&nbsp;&nbsp; 23658780 | &nbsp;&nbsp;&nbsp; 411834 | &nbsp;&nbsp;&nbsp; 411834 |
| Nikkei 225 Index | &nbsp;&nbsp;&nbsp; 32 | December-2025 | &nbsp;&nbsp;&nbsp; 9735132 | &nbsp;&nbsp;&nbsp; 274597 | &nbsp;&nbsp;&nbsp; 274597 |
| &nbsp;&nbsp;&nbsp; Subtotal | &nbsp;&nbsp;&nbsp; Subtotal | &nbsp;&nbsp;&nbsp; Subtotal | &nbsp;&nbsp;&nbsp; Subtotal | &nbsp;&nbsp;&nbsp; 1208834 | &nbsp;&nbsp;&nbsp; 1208834 |
| **Interest Rate Risk** | **Interest Rate Risk** | **Interest Rate Risk** | **Interest Rate Risk** | **Interest Rate Risk** | **Interest Rate Risk** |
| Australia 10 Year Bonds | &nbsp;&nbsp;&nbsp; 910 | December-2025 | &nbsp;&nbsp;&nbsp; 68254350 | &nbsp;&nbsp;&nbsp; (79351)<br>| &nbsp;&nbsp;&nbsp; (79351)<br>|
| Canada 10 Year Bonds | &nbsp;&nbsp;&nbsp; 831 | December-2025 | &nbsp;&nbsp;&nbsp; 73122268 | &nbsp;&nbsp;&nbsp; 1475594 | &nbsp;&nbsp;&nbsp; 1475594 |
| Euro-Bund | &nbsp;&nbsp;&nbsp; 383 | December-2025 | &nbsp;&nbsp;&nbsp; 57812967 | &nbsp;&nbsp;&nbsp; 94452 | &nbsp;&nbsp;&nbsp; 94452 |
| Japan 10 Year Bonds | &nbsp;&nbsp;&nbsp; 71 | December-2025 | &nbsp;&nbsp;&nbsp; 65193157 | &nbsp;&nbsp;&nbsp; (648243)<br>| &nbsp;&nbsp;&nbsp; (648243)<br>|
| Long Gilt | &nbsp;&nbsp;&nbsp; 393 | December-2025 | &nbsp;&nbsp;&nbsp; 48013072 | &nbsp;&nbsp;&nbsp; 169987 | &nbsp;&nbsp;&nbsp; 169987 |
| U.S. Treasury Long Bonds | &nbsp;&nbsp;&nbsp; 368 | December-2025 | &nbsp;&nbsp;&nbsp; 42906500 | &nbsp;&nbsp;&nbsp; 940744 | &nbsp;&nbsp;&nbsp; 940744 |
| &nbsp;&nbsp;&nbsp; Subtotal | &nbsp;&nbsp;&nbsp; Subtotal | &nbsp;&nbsp;&nbsp; Subtotal | &nbsp;&nbsp;&nbsp; Subtotal | &nbsp;&nbsp;&nbsp; 1953183 | &nbsp;&nbsp;&nbsp; 1953183 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Futures Contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Futures Contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Futures Contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Futures Contracts | &nbsp;&nbsp;&nbsp; $4007528 | &nbsp;&nbsp;&nbsp; $4007528 |

---

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

<sup>(a)</sup> Futures contracts collateralized by $14,382,273 cash held with Goldman Sachs International, the futures commission merchant.

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

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

**Invesco V.I. Balanced-Risk Allocation Fund**

------

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Open Over-The-Counter Total Return Swap Agreements**<sup>(a)(b)</sup>  | **Open Over-The-Counter Total Return Swap Agreements**<sup>(a)(b)</sup>  | **Open Over-The-Counter Total Return Swap Agreements**<sup>(a)(b)</sup>  | **Open Over-The-Counter Total Return Swap Agreements**<sup>(a)(b)</sup>  | **Open Over-The-Counter Total Return Swap Agreements**<sup>(a)(b)</sup>  | **Open Over-The-Counter Total Return Swap Agreements**<sup>(a)(b)</sup>  | **Open Over-The-Counter Total Return Swap Agreements**<sup>(a)(b)</sup>  | **Open Over-The-Counter Total Return Swap Agreements**<sup>(a)(b)</sup>  | **Open Over-The-Counter Total Return Swap Agreements**<sup>(a)(b)</sup>  | **Open Over-The-Counter Total Return Swap Agreements**<sup>(a)(b)</sup>  | **Open Over-The-Counter Total Return Swap Agreements**<sup>(a)(b)</sup>  | **Open Over-The-Counter Total Return Swap Agreements**<sup>(a)(b)</sup>  |
| **Counterparty** | **Pay/** <br>**Receive**<br>| **Reference Entity**<sup>(c)</sup> <br>| **Fixed** <br>**Rate**<br>| **Payment** <br>**Frequency**<br>| **Number of** <br>**Contracts**<br>| **Maturity Date** | **Notional Value** | **Notional Value** | **Upfront** <br>**Payments** <br>**Paid** <br>**(Received)**<br>| **Value** | **Unrealized** <br>**Appreciation** <br>**(Depreciation)**<br>|
| **Commodity Risk** |  |  |  |  |  |  |  |  |  |  |  |
| Barclays Bank PLC | Receive | Barclays Commodity <br> Strategy 1452 Excess <br> Return Index<br>| 0.17% | Monthly | 1300 | April—2026 | USD | 1026878 | $— | $2501 | $2501 |
| &nbsp;&nbsp;&nbsp; Canadian Imperial Bank <br> of Commerce<br>| Receive | Canadian Imperial Bank of <br> Commerce Dynamic Roll <br> LME Copper Excess Return <br> Index 2<br>| 0.27 | Monthly | 72700 | January—2026 | USD | 8402455 |  | 114306 | 114306 |
| &nbsp;&nbsp;&nbsp; Canadian Imperial Bank <br> of Commerce<br>| Receive | Canadian Imperial Bank of <br> Commerce Seasonally <br> Enhanced Live Cattle <br> Commodity Excess Return <br> Index<br>| 0.15 | Monthly | 15200 | December—2025 | USD | 1916095 |  | 5320 | 5320 |
| &nbsp;&nbsp;&nbsp; Canadian Imperial Bank <br> of Commerce<br>| Receive | CIBZ Enhanced Sugar 2 <br> Excess Return Index<br>| 0.21 | Monthly | 38800 | December—2025 | USD | 4469143 |  | 27086 | 27086 |
| &nbsp;&nbsp;&nbsp; J.P. Morgan Chase <br> Bank, N.A.<br>| Receive | J.P. Morgan Contag Beta <br> Gas Oil Excess Return <br> Index<br>| 0.25 | Monthly | 22550 | January—2026 | USD | 8256732 |  | 130761 | 130761 |
| &nbsp;&nbsp;&nbsp; J.P. Morgan Chase <br> Bank, N.A.<br>| Receive | S&P GSCI Gold Index <br> Excess Return<br>| 0.09 | Monthly | 27800 | October—2025 | USD | 6425008 |  | 166964 | 166964 |
| Macquarie Bank Ltd. | Receive | Macquarie Aluminum <br> Dynamic Selection Index<br>| 0.30 | Monthly | 97300 | July—2026 | USD | 5335241 |  | 43999 | 43999 |
| Macquarie Bank Ltd. | Receive | Macquarie Single <br> Commodity Soymeal type <br> A Excess Return<br>| 0.17 | Monthly | 8900 | February—2026 | USD | 2471069 |  | 905 | 905 |
| &nbsp;&nbsp;&nbsp; Merrill Lynch <br> International<br>| Receive | Merrill Lynch Gold Excess <br> Return Index<br>| 0.09 | Monthly | 21700 | November—2025 | USD | 8064154 |  | 6 | 6 |
| &nbsp;&nbsp;&nbsp; Merrill Lynch <br> International<br>| Receive | MLCISCER Excess Return <br> Index<br>| 0.12 | Monthly | 44500 | May—2026 | USD | 1784005 |  | 0 | 0 |
| &nbsp;&nbsp;&nbsp; Merrill Lynch <br> International<br>| Receive | MLCX Natural Gas Annual <br> Excess Return Index<br>| 0.25 | Monthly | 36500 | December—2025 | USD | 2158610 |  | 0 | 0 |
| &nbsp;&nbsp;&nbsp; Merrill Lynch <br> International<br>| Receive | MLCX6CTE Excess Return <br> Index<br>| 0.18 | Monthly | 32300 | October—2025 | USD | 2413456 |  | 0 | 0 |
| Royal Bank of Canada | Receive | RBC Commodity SO01 <br> Excess Return Custom <br> Index<br>| 0.18 | Monthly | 26700 | February—2026 | USD | 2789082 |  | 0 | 0 |
| Royal Bank of Canada | Receive | RBC Gold E0 Excess Return <br> Index<br>| 0.06 | Monthly | 1040 | September—2026 | USD | 798564 |  | 0 | 0 |
| &nbsp;&nbsp;&nbsp; Subtotal |  |  |  |  |  |  |  |  |  | 491848 | 491848 |
| **Equity Risk** |  |  |  |  |  |  |  |  |  |  |  |
| BNP Paribas S.A. | Receive | BNP Paribas AIR VAR <br> Intraday US Calendar <br> Excess Return Index<br>| 0.00 | Monthly | 49200 | October—2025 | USD | 10547639 |  | 60359 | 60359 |
| Citibank, N.A. | Receive | Citi EQ U.S. Volatility Carry <br> (G) Series 5 Index<br>| 0.00 | Monthly | 41000 | September—2026 | USD | 6366070 |  | 28368 | 28368 |
| &nbsp;&nbsp;&nbsp; Goldman Sachs <br> International<br>| Receive | Volatility Carry US <br> Series VSB1 Excess Return <br> Strategy<br>| 0.00 | Monthly | 80500 | October—2025 | USD | 8062236 |  | 30429 | 30429 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley and Co. <br> International PLC<br>| Receive | Morgan Stanley Volatility <br> Relative Value SPX S2 <br> Index<br>| 0.00 | Monthly | 59000 | October—2025 | USD | 8090623 |  | 36038 | 36038 |
| &nbsp;&nbsp;&nbsp; Subtotal |  |  |  |  |  |  |  |  |  | 155194 | 155194 |
| &nbsp;&nbsp;&nbsp; Subtotal — Appreciation | &nbsp;&nbsp;&nbsp; Subtotal — Appreciation | &nbsp;&nbsp;&nbsp; Subtotal — Appreciation | &nbsp;&nbsp;&nbsp; Subtotal — Appreciation | &nbsp;&nbsp;&nbsp; Subtotal — Appreciation |  |  |  |  |  | 647042 | 647042 |

---

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

**Invesco V.I. Balanced-Risk Allocation Fund**

------

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Open Over-The-Counter Total Return Swap Agreements**<sup>(a)(b)</sup>**—(continued)** | **Open Over-The-Counter Total Return Swap Agreements**<sup>(a)(b)</sup>**—(continued)** | **Open Over-The-Counter Total Return Swap Agreements**<sup>(a)(b)</sup>**—(continued)** | **Open Over-The-Counter Total Return Swap Agreements**<sup>(a)(b)</sup>**—(continued)** | **Open Over-The-Counter Total Return Swap Agreements**<sup>(a)(b)</sup>**—(continued)** | **Open Over-The-Counter Total Return Swap Agreements**<sup>(a)(b)</sup>**—(continued)** | **Open Over-The-Counter Total Return Swap Agreements**<sup>(a)(b)</sup>**—(continued)** | **Open Over-The-Counter Total Return Swap Agreements**<sup>(a)(b)</sup>**—(continued)** | **Open Over-The-Counter Total Return Swap Agreements**<sup>(a)(b)</sup>**—(continued)** | **Open Over-The-Counter Total Return Swap Agreements**<sup>(a)(b)</sup>**—(continued)** | **Open Over-The-Counter Total Return Swap Agreements**<sup>(a)(b)</sup>**—(continued)** | **Open Over-The-Counter Total Return Swap Agreements**<sup>(a)(b)</sup>**—(continued)** |
| **Counterparty** | **Pay/**<br> **Receive**<br>| **Reference Entity**<sup>(c)</sup> | **Fixed**<br> **Rate**<br>| **Payment**<br> **Frequency**<br>| **Number of**<br> **Contracts**<br>| **Maturity Date** | **Notional Value** | **Notional Value** | **Upfront**<br> **Payments**<br> **Paid**<br> **(Received)**<br>| **Value** | **Unrealized**<br> **Appreciation**<br> **(Depreciation)**<br>|
| **Commodity Risk** |  |  |  |  |  |  |  |  |  |  |  |
| Barclays Bank PLC | Receive | Barclays Soybean Oil <br> Seasonal Index<br>| 0.19% | Monthly | 26800 | December—2025 | USD | 2929082 | $— | $(155255)<br>| $(155255)<br>|
| Barclays Bank PLC | Receive | Barclays Soybeans <br> Seasonal Index Excess <br> Return<br>| 0.19 | Monthly | 9300 | February—2026 | USD | 2893355 |  | (113764)<br>| (113764)<br>|
| Barclays Bank PLC | Receive | Barclays Wheat Seasonal <br> Index<br>| 0.17 | Monthly | 149000 | May—2026 | USD | 1756472 |  | (56873)<br>| (56873)<br>|
| &nbsp;&nbsp;&nbsp; Canadian Imperial Bank <br> of Commerce<br>| Receive | Canadian Imperial Bank of <br> Commerce Seasonally <br> Enhanced Bean Oil <br> Commodity Index<br>| 0.26 | Monthly | 14000 | February—2026 | USD | 1725878 |  | (70574)<br>| (70574)<br>|
| &nbsp;&nbsp;&nbsp; Canadian Imperial Bank <br> of Commerce<br>| Receive | Canadian Imperial Bank of <br> Commerce Seasonally <br> Enhanced Cotton <br> Commodity Excess Return <br> Index<br>| 0.28 | Monthly | 14900 | February—2026 | USD | 1870649 |  | (26635)<br>| (26635)<br>|
| &nbsp;&nbsp;&nbsp; Canadian Imperial Bank <br> of Commerce<br>| Receive | Canadian Imperial Bank of <br> Commerce Seasonally <br> Enhanced Lean Hog <br> Commodity Excess Return <br> Index<br>| 0.20 | Monthly | 69500 | April—2026 | USD | 3820526 |  | (22476)<br>| (22476)<br>|
| &nbsp;&nbsp;&nbsp; Canadian Imperial Bank <br> of Commerce<br>| Receive | Canadian Imperial Bank of <br> Commerce Soybean Meal <br> 1 Excess Return <br> Commodity Index<br>| 0.14 | Monthly | 20700 | February—2026 | USD | 3393374 |  | (169846)<br>| (169846)<br>|
| Citibank, N.A. | Receive | Citi Commodities <br> Benchmark (Regular Roll) <br> Mono Index Coffee<br>| 0.12 | Monthly | 181000 | December—2025 | USD | 3254923 |  | (7059)<br>| (7059)<br>|
| &nbsp;&nbsp;&nbsp; Goldman Sachs <br> International<br>| Receive | Enhanced Strategy AB42 <br> on the S&P GSCI Soybeans <br> Excess Return<br>| 0.14 | Monthly | 1350 | September—2026 | USD | 506824 |  | (18070)<br>| (18070)<br>|
| &nbsp;&nbsp;&nbsp; Goldman Sachs <br> International<br>| Receive | Enhanced Strategy AB44 <br> on the S&P GSCI Corn <br> Excess Return Index<br>| 0.18 | Monthly | 8500 | June—2026 | USD | 201629 |  | (2988)<br>| (2988)<br>|
| &nbsp;&nbsp;&nbsp; Goldman Sachs <br> International<br>| Receive | S&P GSCI Soybean Oil <br> Excess Return Index<br>| 0.25 | Monthly | 21000 | February—2026 | USD | 2859524 |  | (109998)<br>| (109998)<br>|
| &nbsp;&nbsp;&nbsp; Morgan Stanley and Co. <br> International PLC<br>| Receive | S&P GSCI Aluminum <br> Dynamic Index Excess <br> Return<br>| 0.30 | Monthly | 58400 | April—2026 | USD | 6108920 |  | (83594)<br>| (83594)<br>|
| &nbsp;&nbsp;&nbsp; Subtotal |  |  |  |  |  |  |  |  |  | (837132)<br>| (837132)<br>|
| **Equity Risk** |  |  |  |  |  |  |  |  |  |  |  |
| Macquarie Bank Ltd. | Receive | Macquarie Volatility <br> Product VMAQWSL5<br>| 0.15 | Monthly | 60000 | October—2025 | USD | 7257558 |  | (2046)<br>| (2046)<br>|
| &nbsp;&nbsp;&nbsp; Subtotal — Depreciation | &nbsp;&nbsp;&nbsp; Subtotal — Depreciation | &nbsp;&nbsp;&nbsp; Subtotal — Depreciation | &nbsp;&nbsp;&nbsp; Subtotal — Depreciation | &nbsp;&nbsp;&nbsp; Subtotal — Depreciation |  |  |  |  |  | (839178)<br>| (839178)<br>|
| &nbsp;&nbsp;&nbsp; Total — Total Return Swap Agreements | &nbsp;&nbsp;&nbsp; Total — Total Return Swap Agreements | &nbsp;&nbsp;&nbsp; Total — Total Return Swap Agreements | &nbsp;&nbsp;&nbsp; Total — Total Return Swap Agreements | &nbsp;&nbsp;&nbsp; Total — Total Return Swap Agreements |  |  |  |  | $— | $(192136)<br>| $(192136)<br>|

---

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

---

| |
|:---|
| <sup>(a)</sup> Open Over-The-Counter Total Return Swap Agreements are collateralized by cash held with the swap Counterparties in the amount of $580,000. |
| <sup>(b)</sup> The Fund receives or pays payments based on any positive or negative return on the Reference Entity, respectively. |
| &nbsp;&nbsp;&nbsp; <sup>(c)</sup> The Reference Entity Components table below includes additional information regarding the underlying components of certain reference entities that are not <br>publicly available. |

---

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

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

**Invesco V.I. Balanced-Risk Allocation Fund**

------

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Open Over-The-Counter Total Return Swap Agreements**<sup>(a)(b)</sup>  | **Open Over-The-Counter Total Return Swap Agreements**<sup>(a)(b)</sup>  | **Open Over-The-Counter Total Return Swap Agreements**<sup>(a)(b)</sup>  | **Open Over-The-Counter Total Return Swap Agreements**<sup>(a)(b)</sup>  | **Open Over-The-Counter Total Return Swap Agreements**<sup>(a)(b)</sup>  | **Open Over-The-Counter Total Return Swap Agreements**<sup>(a)(b)</sup>  | **Open Over-The-Counter Total Return Swap Agreements**<sup>(a)(b)</sup>  | **Open Over-The-Counter Total Return Swap Agreements**<sup>(a)(b)</sup>  | **Open Over-The-Counter Total Return Swap Agreements**<sup>(a)(b)</sup>  | **Open Over-The-Counter Total Return Swap Agreements**<sup>(a)(b)</sup>  | **Open Over-The-Counter Total Return Swap Agreements**<sup>(a)(b)</sup>  | **Open Over-The-Counter Total Return Swap Agreements**<sup>(a)(b)</sup>  |
| **Counterparty** | **Pay/** <br>**Receive**<br>| **Reference Entity** | **Floating** <br>**Rate** <br>**Index**<br>| **Payment** <br>**Frequency**<br>| **Number of** <br>**Contracts**<br>| **Maturity Date** | **Notional Value** | **Notional Value** | **Upfront** <br>**Payments** <br>**Paid** <br>**(Received)**<br>| **Value** | **Unrealized** <br>**Appreciation** <br>**(Depreciation)**<br>|
| **Equity Risk** |  |  |  |  |  |  |  |  |  |  |  |
| BNP Paribas S.A. | Receive | MSCI EMU Quality <br> Index<br>| ESTRON + <br> 0.398%<br>| Monthly | 1400 | January—2026 | EUR | 6773270 | $— | $105211 | $105211 |
| Citibank, N.A. | Receive | Invesco UK Broad <br> Low Volatility Net <br> Total Return Index<br>| SONIA + <br> 0.440%<br>| Monthly | 608 | November—2025 | GBP | 3933863 |  | 4160 | 4160 |
| Citibank, N.A. | Receive | Invesco UK Broad <br> Price Momentum <br> Net Total Return <br> Index<br>| SONIA + <br> 0.425%<br>| Monthly | 52 | November—2025 | GBP | 462391 |  | 1270 | 1270 |
| Citibank, N.A. | Receive | Invesco UK Broad <br> Price Momentum <br> Net Total Return <br> Index<br>| SONIA + <br> 0.439%<br>| Monthly | 448 | November—2025 | GBP | 3983674 |  | 10938 | 10938 |
| Citibank, N.A. | Receive | Invesco UK Broad <br> Price Momentum <br> Net Total Return <br> Index<br>| SONIA + <br> 0.560%<br>| Monthly | 300 | February—2026 | GBP | 2667639 |  | 7325 | 7325 |
| Citibank, N.A. | Receive | Invesco UK Broad <br> Quality Net Total <br> Return Index<br>| SONIA + <br> 0.430%<br>| Monthly | 293 | October—2025 | GBP | 2877108 |  | 25470 | 25470 |
| &nbsp;&nbsp;&nbsp; J.P. Morgan Chase Bank, <br> N.A.<br>| Receive | Invesco U.S. Large <br> Cap Broad Price <br> Momentum Total <br> Return Index<br>| SOFR + <br> 0.440%<br>| Monthly | 235 | October—2025 | USD | 3069229 |  | 56803 | 56803 |
| &nbsp;&nbsp;&nbsp; J.P. Morgan Chase Bank, <br> N.A.<br>| Receive | Invesco U.S. Large <br> Cap Broad Price <br> Momentum Total <br> Return Index<br>| SOFR + <br> 0.490%<br>| Monthly | 425 | October—2025 | USD | 5550734 |  | 102728 | 102728 |
| &nbsp;&nbsp;&nbsp; J.P. Morgan Chase Bank, <br> N.A.<br>| Receive | Invesco U.S. Large <br> Cap Broad Quality <br> Total Return Index<br>| SOFR + <br> 0.430%<br>| Monthly | 180 | October—2025 | USD | 2937697 |  | 51503 | 51503 |
| &nbsp;&nbsp;&nbsp; J.P. Morgan Chase Bank, <br> N.A.<br>| Receive | Invesco U.S. Large <br> Cap Broad Quality <br> Total Return Index<br>| SOFR + <br> 0.510%<br>| Monthly | 345 | October—2025 | USD | 5630586 |  | 98714 | 98714 |
| &nbsp;&nbsp;&nbsp; J.P. Morgan Chase Bank, <br> N.A.<br>| Receive | Invesco U.S. Low <br> Volatility Total <br> Return Index<br>| SOFR + <br> 0.440%<br>| Monthly | 285 | October—2025 | USD | 2414315 |  | 45115 | 45115 |
| &nbsp;&nbsp;&nbsp; J.P. Morgan Chase Bank, <br> N.A.<br>| Receive | Invesco U.S. Low <br> Volatility Total <br> Return Index<br>| SOFR + <br> 0.500%<br>| Monthly | 680 | October—2025 | USD | 5760470 |  | 107644 | 107644 |
| &nbsp;&nbsp;&nbsp; J.P. Morgan Chase Bank, <br> N.A.<br>| Receive | Invesco UK Broad <br> Low Volatility Net <br> Total Return Index<br>| SONIA + <br> 0.430%<br>| Monthly | 472 | November—2025 | GBP | 3053920 |  | 3230 | 3230 |
| &nbsp;&nbsp;&nbsp; J.P. Morgan Chase Bank, <br> N.A.<br>| Receive | Invesco UK Broad <br> Quality Net Total <br> Return Index<br>| SONIA + <br> 0.430%<br>| Monthly | 185 | October—2025 | GBP | 1816604 |  | 16082 | 16082 |
| &nbsp;&nbsp;&nbsp; J.P. Morgan Chase Bank, <br> N.A.<br>| Receive | Invesco UK Broad <br> Quality Net Total <br> Return Index<br>| SONIA + <br> 0.539%<br>| Monthly | 94 | January—2026 | GBP | 923031 |  | 8171 | 8171 |
| &nbsp;&nbsp;&nbsp; Merrill Lynch <br> International<br>| Receive | Invesco UK Broad <br> Quality Net Total <br> Return Index<br>| SONIA + <br> 0.509%<br>| Monthly | 173 | January—2026 | GBP | 1698770 |  | 15039 | 15039 |
| &nbsp;&nbsp;&nbsp; Merrill Lynch <br> International<br>| Receive | MSCI EMU Minimum <br> Volatility Index<br>| ESTRON + <br> 0.339%<br>| Monthly | 1710 | March—2026 | EUR | 6679551 |  | 98474 | 98474 |
| &nbsp;&nbsp;&nbsp; Subtotal — Appreciation | &nbsp;&nbsp;&nbsp; Subtotal — Appreciation | &nbsp;&nbsp;&nbsp; Subtotal — Appreciation | &nbsp;&nbsp;&nbsp; Subtotal — Appreciation | &nbsp;&nbsp;&nbsp; Subtotal — Appreciation |  |  |  |  |  | 757877 | 757877 |

---

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

**Invesco V.I. Balanced-Risk Allocation Fund**

------

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Open Over-The-Counter Total Return Swap Agreements**<sup>(a)(b)</sup>**—(continued)** | **Open Over-The-Counter Total Return Swap Agreements**<sup>(a)(b)</sup>**—(continued)** | **Open Over-The-Counter Total Return Swap Agreements**<sup>(a)(b)</sup>**—(continued)** | **Open Over-The-Counter Total Return Swap Agreements**<sup>(a)(b)</sup>**—(continued)** | **Open Over-The-Counter Total Return Swap Agreements**<sup>(a)(b)</sup>**—(continued)** | **Open Over-The-Counter Total Return Swap Agreements**<sup>(a)(b)</sup>**—(continued)** | **Open Over-The-Counter Total Return Swap Agreements**<sup>(a)(b)</sup>**—(continued)** | **Open Over-The-Counter Total Return Swap Agreements**<sup>(a)(b)</sup>**—(continued)** | **Open Over-The-Counter Total Return Swap Agreements**<sup>(a)(b)</sup>**—(continued)** | **Open Over-The-Counter Total Return Swap Agreements**<sup>(a)(b)</sup>**—(continued)** | **Open Over-The-Counter Total Return Swap Agreements**<sup>(a)(b)</sup>**—(continued)** | **Open Over-The-Counter Total Return Swap Agreements**<sup>(a)(b)</sup>**—(continued)** |
| **Counterparty** | **Pay/**<br> **Receive**<br>| **Reference Entity** | **Floating**<br> **Rate**<br> **Index**<br>| **Payment**<br> **Frequency**<br>| **Number of**<br> **Contracts**<br>| **Maturity Date** | **Notional Value** | **Notional Value** | **Upfront**<br> **Payments**<br> **Paid**<br> **(Received)**<br>| **Value** | **Unrealized**<br> **Appreciation**<br> **(Depreciation)**<br>|
| **Equity Risk** |  |  |  |  |  |  |  |  |  |  |  |
| BNP Paribas S.A. | Receive | MSCI Japan <br> Minimum Volatility <br> Index<br>| TONAR - <br> 0.150%<br>| Monthly | 50627 | January—2026 | JPY | 212101310 | $— | $(23317)<br>| $(23317)<br>|
| Citibank, N.A. | Receive | MSCI EMU <br> Momentum Index<br>| ESTRON + <br> 0.353%<br>| Monthly | 790 | January—2026 | EUR | 6859504 |  | (10342)<br>| (10342)<br>|
| Citibank, N.A. | Receive | MSCI Japan <br> Minimum Volatility <br> Index<br>| TONAR - <br> 0.070%<br>| Monthly | 102398 | February—2026 | JPY | 428995397 |  | (47161)<br>| (47161)<br>|
| Citibank, N.A. | Receive | MSCI Japan <br> Minimum Volatility <br> Index<br>| TONAR - <br> 0.070%<br>| Monthly | 202195 | February—2026 | JPY | 847093930 |  | (93123)<br>| (93123)<br>|
| Citibank, N.A. | Receive | MSCI Japan <br> Minimum Volatility <br> Index<br>| TONAR - <br> 0.090%<br>| Monthly | 96780 | February—2026 | JPY | 405458842 |  | (44573)<br>| (44573)<br>|
| Citibank, N.A. | Receive | MSCI Japan Quality <br> Index<br>| TONAR - <br> 0.010%<br>| Monthly | 72956 | February—2026 | JPY | 311128887 |  | (1506)<br>| (1506)<br>|
| Citibank, N.A. | Receive | MSCI Japan Quality <br> Index<br>| TONAR + <br> 0.000%<br>| Monthly | 234033 | February—2026 | JPY | 998059472 |  | (4830)<br>| (4830)<br>|
| Citibank, N.A. | Receive | MSCI Japan Quality <br> Index<br>| TONAR + <br> 0.020%<br>| Monthly | 148011 | February—2026 | JPY | 631209190 |  | (3054)<br>| (3054)<br>|
| &nbsp;&nbsp;&nbsp; Subtotal — Depreciation | &nbsp;&nbsp;&nbsp; Subtotal — Depreciation | &nbsp;&nbsp;&nbsp; Subtotal — Depreciation | &nbsp;&nbsp;&nbsp; Subtotal — Depreciation | &nbsp;&nbsp;&nbsp; Subtotal — Depreciation |  |  |  |  |  | (227906)<br>| (227906)<br>|
| &nbsp;&nbsp;&nbsp; Total — Total Return Swap Agreements | &nbsp;&nbsp;&nbsp; Total — Total Return Swap Agreements | &nbsp;&nbsp;&nbsp; Total — Total Return Swap Agreements | &nbsp;&nbsp;&nbsp; Total — Total Return Swap Agreements | &nbsp;&nbsp;&nbsp; Total — Total Return Swap Agreements |  |  |  |  | $— | $529971 | $529971 |

---

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

---

| |
|:---|
| <sup>(a)</sup> Open Over-The-Counter Total Return Swap Agreements are collateralized by cash held with the swap Counterparties in the amount of $580,000. |
| <sup>(b)</sup> The Fund receives or pays payments based on any positive or negative return on the Reference Entity, respectively. |

---

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

---

| | | |
|:---|:---|:---|
| **Reference Entity Components** | **Reference Entity Components** | **Reference Entity Components** |
| **Reference Entity** | **Underlying Components** | **Percentage** |
| **Barclays Commodity Strategy 1452 Excess Return Index** |  |  |
|  | **Long Futures Contracts** |  |
|  | Copper | &nbsp;&nbsp; 100.00% |
| **Canadian Imperial Bank of Commerce Dynamic Roll LME Copper** <br> **Excess Return Index 2**<br>|  |  |
|  | **Long Futures Contracts** |  |
|  | Copper | &nbsp;&nbsp; 100.00% |
| **Canadian Imperial Bank of Commerce Seasonally Enhanced Live Cattle** <br> **Commodity Excess Return Index**<br>|  |  |
|  | **Long Futures Contracts** |  |
|  | Live cattle | &nbsp;&nbsp; 100.00% |
| **CIBZ Enhanced Sugar 2 Excess Return Index** |  |  |
|  | **Long Futures Contracts** |  |
|  | Sugar | &nbsp;&nbsp; 100.00% |
| **J.P. Morgan Contag Beta Gas Oil Excess Return Index** |  |  |
|  | **Long Futures Contracts** |  |
|  | Gas Oil | &nbsp;&nbsp; 100.00% |
| **S&P GSCI Gold Index Excess Return** |  |  |
|  | **Long Futures Contracts** |  |
|  | Gold | &nbsp;&nbsp; 100.00% |

---

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

**Invesco V.I. Balanced-Risk Allocation Fund**

------

---

| | | |
|:---|:---|:---|
| **Reference Entity Components—(continued)** | **Reference Entity Components—(continued)** | **Reference Entity Components—(continued)** |
| **Reference Entity** | **Underlying Components** | **Percentage** |
| **Macquarie Aluminum Dynamic Selection Index** |  |  |
|  | **Long Futures Contracts** |  |
|  | Aluminum | &nbsp;&nbsp; 100.00% |
| **Macquarie Single Commodity Soymeal type A Excess Return** |  |  |
|  | **Long Futures Contracts** |  |
|  | Soybean Meal | &nbsp;&nbsp; 100.00% |
| **Merrill Lynch Gold Excess Return Index** |  |  |
|  | **Long Futures Contracts** |  |
|  | Gold | &nbsp;&nbsp; 100.00% |
| **MLCISCER Excess Return Index** |  |  |
|  | **Long Futures Contracts** |  |
|  | Corn | &nbsp;&nbsp; 100.00% |
| **MLCX Natural Gas Annual Excess Return Index** |  |  |
|  | **Long Futures Contracts** |  |
|  | Natural Gas | &nbsp;&nbsp; 100.00% |
| **MLCX6CTE Excess Return Index** |  |  |
|  | **Long Futures Contracts** |  |
|  | Cotton | &nbsp;&nbsp; 100.00% |
| **RBC Commodity SO01 Excess Return Custom Index** |  |  |
|  | **Long Futures Contracts** |  |
|  | Soybean | &nbsp;&nbsp; 100.00% |
| **RBC Gold E0 Excess Return Index** |  |  |
|  | **Long Futures Contracts** |  |
|  | Gold | &nbsp;&nbsp; 100.00% |
| **Barclays Soybean Oil Seasonal Index** |  |  |
|  | **Long Futures Contracts** |  |
|  | Soybean Oil | &nbsp;&nbsp; 100.00% |
| **Barclays Soybeans Seasonal Index Excess Return** |  |  |
|  | **Long Futures Contracts** |  |
|  | Soybean | &nbsp;&nbsp; 100.00% |
| **Barclays Wheat Seasonal Index** |  |  |
|  | **Long Futures Contracts** |  |
|  | Wheat | &nbsp;&nbsp; 100.00% |
| **Canadian Imperial Bank of Commerce Seasonally Enhanced Bean Oil** <br> **Commodity Index**<br>|  |  |
|  | **Long Futures Contracts** |  |
|  | Soybean Oil | &nbsp;&nbsp; 100.00% |
| **Canadian Imperial Bank of Commerce Seasonally Enhanced Cotton** <br> **Commodity Excess Return Index**<br>|  |  |
|  | **Long Futures Contracts** |  |
|  | Cotton | &nbsp;&nbsp; 100.00% |

---

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

**Invesco V.I. Balanced-Risk Allocation Fund**

------

---

| | | |
|:---|:---|:---|
| **Reference Entity Components—(continued)** | **Reference Entity Components—(continued)** | **Reference Entity Components—(continued)** |
| **Reference Entity** | **Underlying Components** | **Percentage** |
| **Canadian Imperial Bank of Commerce Seasonally Enhanced Lean Hog** <br> **Commodity Excess Return Index**<br>|  |  |
|  | **Long Futures Contracts** |  |
|  | Lean Hog | &nbsp;&nbsp; 100.00% |
| **Canadian Imperial Bank of Commerce Soybean Meal 1 Excess Return** <br> **Commodity Index**<br>|  |  |
|  | **Long Futures Contracts** |  |
|  | Soybean Meal | &nbsp;&nbsp; 100.00% |
| **Citi Commodities Benchmark (Regular Roll) Mono Index Coffee** |  |  |
|  | **Long Futures Contracts** |  |
|  | Mono Index coffee | &nbsp;&nbsp; 100.00% |
| **Enhanced Strategy AB42 on the S&P GSCI Soybeans Excess Return** |  |  |
|  | **Long Futures Contracts** |  |
|  | Soybean | &nbsp;&nbsp; 100.00% |
| **Enhanced Strategy AB44 on the S&P GSCI Corn Excess Return Index** |  |  |
|  | **Long Futures Contracts** |  |
|  | Corn | &nbsp;&nbsp; 100.00% |
| **S&P GSCI Soybean Oil Excess Return Index** |  |  |
|  | **Long Futures Contracts** |  |
|  | Soybean Oil | &nbsp;&nbsp; 100.00% |
| **S&P GSCI Aluminum Dynamic Index Excess Return** |  |  |
|  | **Long Futures Contracts** |  |
|  | Aluminum | &nbsp;&nbsp; 100.00% |

---

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

---

| | |
|:---|:---|
| Abbreviations: | Abbreviations: |
| EMU | —European Economic and Monetary Union |
| ESTRON | —Euro Short-Term Rate |
| EUR | —Euro |
| GBP | —British Pound Sterling |
| JPY | —Japanese Yen |
| SOFR | —Secured Overnight Financing Rate |
| SONIA | —Sterling Overnight Index Average |
| TONAR | —Tokyo Overnight Average Rate |
| USD | —U.S. Dollar |

---

The valuation policy and a listing of other significant accounting policies are available in the most recent shareholder report.

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

**Invesco V.I. Balanced-Risk Allocation Fund**

------

**Notes to Quarterly Consolidated 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** |  |  |  |  |
| U.S. Treasury Securities | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $8950205 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $8950205 |
| Money Market Funds | &nbsp;&nbsp;&nbsp;&nbsp; 379699167 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 379699167 |
| Options Purchased | &nbsp;&nbsp;&nbsp;&nbsp; 1220976 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1220976 |
| **Total Investments in Securities** | &nbsp;&nbsp;&nbsp;&nbsp; 380920143 | &nbsp;&nbsp;&nbsp;&nbsp; 8950205 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 389870348 |
| **Other Investments - Assets\*** |  |  |  |  |
| Futures Contracts | &nbsp;&nbsp;&nbsp;&nbsp; 5143207 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 5143207 |
| Swap Agreements | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1404919 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1404919 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; 5143207 | &nbsp;&nbsp;&nbsp;&nbsp; 1404919 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 6548126 |
| **Other Investments - Liabilities\*** |  |  |  |  |
| Futures Contracts | &nbsp;&nbsp;&nbsp;&nbsp; (1135679)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (1135679)<br>|
| Swap Agreements | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (1067084)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (1067084)<br>|
|  | &nbsp;&nbsp;&nbsp;&nbsp; (1135679)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (1067084)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (2202763)<br>|
| **Total Other Investments** | &nbsp;&nbsp;&nbsp;&nbsp; 4007528 | &nbsp;&nbsp;&nbsp;&nbsp; 337835 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 4345363 |
| **Total Investments** | &nbsp;&nbsp;&nbsp;&nbsp; $384927671 | &nbsp;&nbsp;&nbsp;&nbsp; $9288040 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $394215711 |

---

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

\* Unrealized appreciation (depreciation).

**Invesco V.I. Balanced-Risk Allocation 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. Balanced-Risk Allocation Fund

- **b. EDGAR series identifier (if any):** S000030663

- **c. LEI of Series:** 549300AJVQQLSUGWNL95

**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:** $417952138.85

**Total Liabilities:** $1379910.43

**Net Assets:** $416572228.42

**Amount of Assets Invested in Other Investment Companies:** $99367699.78

**Cash Not Reported:** $20884824.58

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** 0.00000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** 0.00000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000095034 | 0.23%                | 1.26%                | 2.26%                |
| Class ID C000095035 | 0.24%                | 1.29%                | 2.20%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $130139.90               | $-101798.87                                |
| Month 2  | $0.00                    | $-25827.15                                 |
| Month 3  | $0.00                    | $-7562.66                                  |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| N/A                                                                | Barclays Bank PLC                                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | N/A       |         1 | NC      | $-155255.08   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | MSCI Emerging Markets Index Option                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |         9 | NC      | $5130.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | EURO STOXX 50 Index Option                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |        20 | NC      | $38414.94     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | Morgan Stanley Capital Services LLC                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | N/A       |         1 | NC      | $-83593.76    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | Citibank, N.A.                                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |         1 | NC      | $-93123.05    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | Citibank, N.A.                                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |         1 | NC      | $-47160.48    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | E-Mini S&P 500 Index Future                                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |         7 | NC      | $31605.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | FTSE 100 Index Option                                                            | CUSIP: 01V2SYK86<br>LEI: N/A                  | N/A              | DE               |  | N/A       |        12 | NC      | $45269.32     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | Macquarie Bank Limited                                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | N/A       |         1 | NC      | $43999.06     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | Canadian Imperial Bank of Commerce                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | N/A       |         1 | NC      | $5320.00      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | JPMorgan Chase Bank, National Association                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |         1 | NC      | $16081.67     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | Canadian Imperial Bank of Commerce                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | N/A       |         1 | NC      | $-70574.00    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | WTI Crude Future                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | N/A       |        41 | NC      | $-76101.82    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | Citigroup Global Markets Limited                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |         1 | NC      | $-44573.05    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | MSCI Emerging Markets Index Option                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |         9 | NC      | $1710.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | Citibank, N.A.                                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |         1 | NC      | $10938.00     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Invesco Premier U.S. Government Money Portfolio                    | Invesco Premier U.S. Government Money Portfolio, Institutional Class             | CUSIP: 00142W843<br>LEI: 549300TCMEM5428K3T88 | Long             | STIV             | RF                | US        |  65985603 | NS      | $65985603.32  | 15.84%            |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Treasury Portfolio                                         | Invesco Treasury Portfolio, Institutional Class                                  | CUSIP: 825252406<br>LEI: 5493004B3TM8ZIDDDC39 | Long             | STIV             | RF                | US        |  35397661 | NS      | $35397661.25  | 8.50%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | Nikkei 225 Index Option                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |         5 | NC      | $8114.41      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | FTSE 100 Index Option                                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |        12 | NC      | $403.47       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | MSCI Emerging Markets Index Option                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |         9 | NC      | $9720.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | Nikkei 225 Index Future                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |        32 | NC      | $274597.09    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | EURO STOXX 50 Index Option                                                       | CUSIP: 01J17THM7<br>LEI: N/A                  | N/A              | DE               |  | N/A       |        19 | NC      | $49811.45     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | Citibank, N.A.                                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |         1 | NC      | $7324.56      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | Merrill Lynch International                                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | N/A       |         1 | NC      | $-31072.60    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | Canadian Imperial Bank of Commerce                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | N/A       |         1 | NC      | $114306.21    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | Citibank, N.A.                                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | N/A       |         1 | NC      | $-7059.00     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | Nikkei 225 Index Option                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |         4 | NC      | $38272.98     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | Macquarie Bank Limited                                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |         1 | NC      | $-2046.00     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | EURO STOXX 50 Index Option                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |        20 | NC      | $19653.61     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | S&P 500 Mini Index Option                                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |        20 | NC      | $29330.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | Brent Crude Future                                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | N/A       |       116 | NC      | $-208585.28   | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | MSCI Emerging Markets Index Future                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |       348 | NC      | $411833.64    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Government Money Market Fund                               | Invesco Government Money Market Fund, Cash Reserve Shares                        | CUSIP: 00142C771<br>LEI: 549300FZWHBQKHBZX613 | Long             | STIV             | RF                | US        |  69148006 | NS      | $69148006.46  | 16.60%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | MSCI Emerging Markets Index Option                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |         9 | NC      | $472.50       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | S&P 500 Mini Index Option                                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |        20 | NC      | $41520.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | Australia 10 Year Bonds Future                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |       910 | NC      | $-79350.93    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | Nikkei 225 Index Option                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |         4 | NC      | $12983.06     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | JPMorgan Chase Bank, National Association                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |         1 | NC      | $51503.07     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Invesco Treasury Obligations Portfolio                             | Invesco Treasury Obligations Portfolio, Institutional Class                      | CUSIP: 825252505<br>LEI: 549300AX0P1O1RVENL43 | Long             | STIV             | RF                | US        |  51505418 | NS      | $51505418.03  | 12.36%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | Euro-Bund Future                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |       383 | NC      | $94452.16     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | EURO STOXX 50 Index Option                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |        20 | NC      | $4860.57      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | FTSE 100 Index Option                                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |        12 | NC      | $3389.15      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | FTSE 100 Index Option                                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |        12 | NC      | $25337.91     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | Canadian Imperial Bank of Commerce                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | N/A       |         1 | NC      | $-26635.24    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | EURO STOXX 50 Index Option                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |        20 | NC      | $27003.17     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | MSCI Emerging Markets Index Option                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |         9 | NC      | $34200.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | MSCI Emerging Markets Index Option                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |         9 | NC      | $7560.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | S&P 500 Mini Index Option                                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |        20 | NC      | $15930.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | BNP Paribas                                                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |         1 | NC      | $-23316.80    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Invesco V.I. Government Money Market Fund                          | Invesco V.I. Government Money Market Fund, Series I                              | CUSIP: 008892606<br>LEI: 549300BTSK7KTYK5O237 | Long             | STIV             | RF                | US        |   9240310 | NS      | $9240309.66   | 2.22%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | EURO STOXX 50 Index Option                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |        21 | NC      | $517.76       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | FTSE 100 Index Option                                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |        12 | NC      | $18398.22     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | Citigroup Global Markets Limited                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |         1 | NC      | $-1505.58     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | JPMorgan Chase Bank, National Association                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |         1 | NC      | $102728.28    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | Canada 10 Year Bond Future                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |       831 | NC      | $1475594.50   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | Goldman Sachs International                                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | N/A       |         1 | NC      | $-109998.00   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | Nikkei 225 Index Option                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |         5 | NC      | $7776.31      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | Japan 10 year Bonds Future                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |        71 | NC      | $-648243.42   | -0.16%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | BNP Paribas                                                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |         1 | NC      | $60358.66     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | Barclays Bank PLC                                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | N/A       |         1 | NC      | $-113764.12   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | Silver Future                                                                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | N/A       |        31 | NC      | $1253596.13   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | Canadian Imperial Bank of Commerce                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | N/A       |         1 | NC      | $27086.28     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | Nikkei 225 Index Option                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |         5 | NC      | $18764.58     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | JPMorgan Chase Bank, National Association                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |         1 | NC      | $98714.23     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | Morgan Stanley & Co. International PLC                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |         1 | NC      | $36037.67     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | S&P 500 Mini Index Option                                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |        20 | NC      | $18050.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | Bank of America, National Association                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |         1 | NC      | $98474.08     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | EURO STOXX 50 Index Option                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |        20 | NC      | $6950.38      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | JPMorgan Chase Bank, National Association                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |         1 | NC      | $3229.53      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | Nikkei 225 Index Option                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |         4 | NC      | $16499.31     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | S&P 500 Mini Index Option                                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |        21 | NC      | $11277.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | U.S. Treasury Long Bond Future                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |       368 | NC      | $940744.39    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | E-Mini Russell 2000 Index Future                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |       154 | NC      | $283734.67    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Liquidity Funds PLC, Invesco US Dollar Liquidity Portfolio | Invesco Liquidity Funds PLC, Invesco US Dollar Liquidity Portfolio, Agency Class | CUSIP: G8114D431<br>LEI: 54930019DCE0F2PV4F17 | Long             | STIV             | RF                | IE        |  39477334 | NS      | $39477333.66  | 9.48%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | JPMorgan Chase Bank, National Association                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |         1 | NC      | $56802.70     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | MSCI Emerging Markets Index Option                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |         9 | NC      | $11430.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | FTSE 100 Index Option                                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |        12 | NC      | $8150.09      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | Goldman Sachs International                                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |         1 | NC      | $30429.00     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | S&P 500 Mini Index Option                                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |        22 | NC      | $3707.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | JPMorgan Chase Bank, National Association                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |         1 | NC      | $8171.24      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | S&P 500 Mini Index Option                                                        | CUSIP: 01VLFSJ29<br>LEI: N/A                  | N/A              | DE               |  | N/A       |        20 | NC      | $55520.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | Macquarie Bank Limited                                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | N/A       |         1 | NC      | $905.13       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | EURO STOXX 50 Index Future                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |       123 | NC      | $173387.01    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | BNP Paribas                                                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |         1 | NC      | $105211.38    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | Nikkei 225 Index Option                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |         4 | NC      | $14605.94     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | S&P 500 Mini Index Option                                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |        20 | NC      | $48230.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | S&P 500 Mini Index Option                                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |        20 | NC      | $12170.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | Royal Bank of Canada                                                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | N/A       |         1 | NC      | $-130848.69   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | FTSE 100 Index Option                                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |        12 | NC      | $13556.59     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | FTSE 100 Index Option                                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |        12 | NC      | $4196.09      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | EURO STOXX 50 Index Option                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |        20 | NC      | $40105.57     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | Merrill Lynch International                                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | N/A       |         1 | NC      | $-18914.32    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | Merrill Lynch International                                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | N/A       |         1 | NC      | $743507.10    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | Citibank, N.A.                                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |         1 | NC      | $-4829.70     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | Barclays Bank PLC                                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | N/A       |         1 | NC      | $-56873.30    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | Citibank, N.A.                                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |         1 | NC      | $-10342.16    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | Long Gilt Future                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |       393 | NC      | $169986.91    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | Citibank, N.A.                                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |         1 | NC      | $28367.78     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | MSCI Emerging Markets Index Option                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |         9 | NC      | $2407.50      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | MSCI Emerging Markets Index Option                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |         9 | NC      | $32310.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | FTSE 100 Index Option                                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |        12 | NC      | $36231.59     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | Citibank, N.A.                                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |         1 | NC      | $-3054.47     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | EURO STOXX 50 Index Option                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |        20 | NC      | $27801.52     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | EURO STOXX 50 Index Option                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |        21 | NC      | $3131.19      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Government & Agency Portfolio                              | Invesco Government & Agency Portfolio, Institutional Class                       | CUSIP: 825252885<br>LEI: 5493007T1J7WZ5QI1A47 | Long             | STIV             | RF                | US        | 108944835 | NS      | $108944834.84 | 26.15%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | S&P 500 Mini Index Option                                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |        20 | NC      | $17230.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | MSCI Emerging Markets Index Option                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |         9 | NC      | $16605.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | Goldman Sachs International                                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | N/A       |         1 | NC      | $-2988.00     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| U.S. Treasury Floating Rate Notes                                  | U.S. Treasury Floating Rate Notes                                                | CUSIP: 91282CLA7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   8950000 | PA      | $8950205.40   | 2.15%             | 2026-07-31      | Floating      | 4.08%                 | No            |                  2 | On Loan: No      |
| N/A                                                                | S&P 500 Mini Index Option                                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |        20 | NC      | $20200.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | Merrill Lynch International                                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | N/A       |         1 | NC      | $-24305.90    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | MSCI Emerging Markets Index Option                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |         9 | NC      | $3397.50      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | Royal Bank of Canada                                                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | N/A       |         1 | NC      | $61817.19     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | Goldman Sachs International                                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | N/A       |         1 | NC      | $-18070.02    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | Bank of America, National Association                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |         1 | NC      | $15038.55     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | New York Harbor Ultra-Low Sulfur Diesel Future                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | N/A       |        89 | NC      | $-93619.15    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | Gasoline Reformulated Blendstock Oxygenate Blending Future                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | N/A       |        85 | NC      | $-29779.28    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | Canadian Imperial Bank of Commerce                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | N/A       |         1 | NC      | $-22476.30    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | Citibank, N.A.                                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |         1 | NC      | $4160.07      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | S&P 500 Mini Index Option                                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |        22 | NC      | $605.00       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | EURO STOXX 50 Index Option                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |        20 | NC      | $42618.04     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | FTSE 100 Index Future                                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |        33 | NC      | $33676.61     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | FTSE 100 Index Option                                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |        12 | NC      | $27597.34     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | JPMorgan Chase Bank, National Association                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | N/A       |         1 | NC      | $166964.02    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | JPMorgan Chase Bank, National Association                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | N/A       |         1 | NC      | $130760.69    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | Citibank, N.A.                                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |         1 | NC      | $25469.89     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | Nikkei 225 Index Option                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |         4 | NC      | $53555.13     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | Nikkei 225 Index Option                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |         5 | NC      | $53588.94     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | MSCI Emerging Markets Index Option                                               | CUSIP: 01WNQVTB5<br>LEI: N/A                  | N/A              | DE               |  | N/A       |         9 | NC      | $45315.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | FTSE 100 Index Option                                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |        12 | NC      | $1533.19      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | Canadian Imperial Bank of Commerce                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | N/A       |         1 | NC      | $-169845.57   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | JPMorgan Chase Bank, National Association                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |         1 | NC      | $107644.00    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | EURO STOXX 50 Index Option                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |        20 | NC      | $39401.14     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | FTSE 100 Index Option                                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |        12 | NC      | $16219.49     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | Nikkei 225 Index Option                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |         5 | NC      | $24174.19     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | Nikkei 225 Index Option                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |         5 | NC      | $19609.83     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | Citibank, N.A.                                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |         1 | NC      | $1269.58      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | Nikkei 225 Index Option                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |         5 | NC      | $8452.51      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | Barclays Bank PLC                                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | N/A       |         1 | NC      | $2501.46      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | JPMorgan Chase Bank, National Association                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |         1 | NC      | $45115.50     | 0.01%             |  |  |  | No            |                  2 | 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