# EDGAR Filing Document

**Accession Number:** 0000896435
**File Stem:** 0001193125-26-271215
**Filing Date:** 2026-6
**Character Count:** 66075
**Document Hash:** 1b62daa281a5c9973bc423894740385e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-271215.hdr.sgml**: 20260615

**ACCESSION NUMBER**: 0001193125-26-271215

**CONFORMED SUBMISSION TYPE**: 485BPOS

**PUBLIC DOCUMENT COUNT**: 5

**FILED AS OF DATE**: 20260615

**DATE AS OF CHANGE**: 20260615

**EFFECTIVENESS DATE**: 20260615

**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:** 485BPOS
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07452
- **FILM NUMBER:** 261091575

**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
**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:** 485BPOS
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-292052
- **FILM NUMBER:** 261091574

**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. Global Fund (Series ID: S000064660)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000209367 | Series II    |  |
| C000209368 | Series I     |  |

**As filed with the Securities and Exchange Commission on June 15, 2026** 

**File No. 333-292052** 

**UNITED STATES** 

**SECURITIES AND EXCHANGE COMMISSION** 

**WASHINGTON, D.C. 20549** 

**FORM N-14** 

**REGISTRATION STATEMENT** 

***UNDER***

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| | |
|:---|:---|
| ***THE SECURITIES ACT OF 1933*** |  |
| **Pre-Effective Amendment No.** | ☐ |
| **Post-Effective Amendment No. 1** | ☒ |

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**(Check appropriate box or boxes)** 

## AIM Variable Insurance Funds

## (Invesco Variable Insurance Funds)
**(Exact Name of Registrant as Specified in Charter)** 

**11 Greenway Plaza, Suite 1000, Houston, TX 77046** 

**(Address of Principal Executive Offices) (Number, Street, City, State, Zip Code)** 

**(713) 626-1919** 

**(Registrant's Area Code and Telephone Number)** 

**Melanie Ringold, Esquire** 

**11 Greenway Plaza, Suite 1000, Houston, TX 77046** 

**(Name and address of Agent for Service)** 

***Copy to:***

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| | |
|:---|:---|
| **Taylor V. Edwards, Esquire**<br> **Invesco Advisers, Inc.**<br> **225 Liberty Street, 15<sup>th</sup> Fl.**<br> **New York, NY 10281-1087** | **Matthew R. DiClemente, Esquire**<br> **Mena Larmour, Esquire**<br> **Stradley Ronon Stevens & Young, LLP**<br> **2005 Market Street, Suite 2600**<br> **Philadelphia, PA 19103-7018** |

---

**Approximate Date of Public Offering:** As soon as practicable after this Registration Statement becomes effective under the Securities Act of 1933, as amended.

Title of securities being registered: Series I and Series II shares of beneficial interest, without par value, of the Invesco V.I. Global Fund, a series of the Registrant. No filing fee is due because Registrant is relying on Section 24(f) of the Investment Company Act of 1940, as amended.

It is proposed that this filing will become effective immediately upon filing pursuant to Rule 485(b) under Securities Act of 1933, as amended.

[Parts A and B of this Amendment are incorporated by reference to the electronic filing made on January 29, 2026, under Accession Number. 0001193125-26-029397.](http://www.sec.gov/Archives/edgar/data/896435/000119312526029397/d810218d497.htm)

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**PART C** 

**OTHER INFORMATION** 

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|:---|:---|
| Item 15. | Indemnification |
|  | Indemnification provisions for officers, trustees, and employees of the Registrant are set forth in Article VIII of the Registrant's Fifth Amended and Restated Agreement and Declaration of Trust and Article VIII of its Bylaws, and are hereby incorporated by reference. See Items 28(a) and (b) above. Under the Fifth Amended and Restated Agreement and Declaration of Trust, dated September 20, 2022, as amended (i) Trustees or officers, when acting in such capacity, shall not be personally liable for any act, omission or obligation of the Registrant or any Trustee or officer except by reason of willful misfeasance, bad faith, gross negligence or reckless disregard of the duties involved in the conduct of his office with the Trust; (ii) every Trustee, officer, employee or agent of the Registrant shall be indemnified to the fullest extent permitted under the Delaware Statutory Trust Act, the Registrant's Bylaws and other applicable law; (iii) in case any shareholder or former shareholder of the Registrant shall be held to be personally liable solely by reason of his being or having been a shareholder of the Registrant or any portfolio or class and not because of his acts or omissions or for some other reason, the shareholder or former shareholder (or his heirs, executors, administrators or other legal representatives, or, in the case of a corporation or other entity, its corporate or general successor) shall be entitled, out of the assets belonging to the applicable portfolio (or allocable to the applicable class), to be held harmless from and indemnified against all loss and expense arising from such liability in accordance with the Bylaws and applicable law. The Registrant, on behalf of the affected portfolio (or class), shall upon request by the shareholder, assume the defense of any such claim made against the shareholder for any act or obligation of that portfolio (or class). |
|  | The Registrant and other investment companies and their respective officers and trustees are insured under a joint Mutual Fund Directors & Officers Liability Policy, issued by ICI Mutual Insurance Company and certain other domestic insurers, with limits up to $100,000,000 and an additional $50,000,000 of excess coverage (plus an additional $30,000,000 limit that applies to independent directors/trustees only) |
|  | Section 16 of the Master Investment Advisory Agreement between the Registrant and Invesco Advisers, Inc. ("Invesco Advisers") provides that in the absence of willful misfeasance, bad faith, gross negligence or reckless disregard of obligations or duties hereunder on the part of Invesco Advisers or any of its officers, directors or employees, that Invesco Advisers shall not be subject to liability to the Registrant or to any series of the Registrant, or to any shareholder of any series of the Registrant for any act or omission in the course of, or connected with, rendering services hereunder or for any losses that may be sustained in the purchase, holding or sale of any security. Any liability of Invesco Advisers to any series of the Registrant shall not automatically impart liability on the part of Invesco Advisers to any other series of the Registrant. No series of the Registrant shall be liable for the obligations of any other series of the Registrant. |
|  | Section 10 of the Master Intergroup Sub-Advisory Contract for Mutual Funds (the "Sub-Advisory Contract") between Invesco Advisers, on behalf of Registrant, and each of Invesco Asset Management Deutschland GmbH, Invesco Asset Management Ltd., Invesco Asset Management (Japan) Limited, Invesco Hong Kong Limited, Invesco Senior Secured Management, Inc., Invesco Canada Ltd. and separate Sub-Advisory Agreements with Invesco Capital Management LLC and OppenheimerFunds, Inc. (each a "Sub-Adviser", collectively the "Sub-Advisers") provides that the Sub-Adviser shall not be liable for any costs or liabilities arising from any error of judgment or mistake of law or any loss suffered by any series of the Registrant or the Registrant in connection with the matters to which the Sub-Advisory Contract relates except a loss resulting from willful misfeasance, bad faith or gross negligence on the part of the Sub-Adviser in the performance by the Sub-Adviser of its duties or from reckless disregard by the Sub-Adviser of its obligations and duties under the Sub-Advisory Contract. |

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|:---|:---|
|  | Insofar as indemnification for liability arising under the Securities Act of 1933 may be permitted to trustees, officers and controlling persons of the Registrant pursuant to the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in such Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a trustee, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is asserted by such trustee, officer or controlling person in connection with the securities being registered hereby, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in such Act and will be governed by the final adjudication of such issue. |
| Item 16. | Exhibits |
| (1) (a) | [(1) Fifth Amended and Restated Agreement and Declaration of Trust of Registrant, dated September 20, 2022.<sup>(32)</sup>](http://www.sec.gov/Archives/edgar/data/896435/000110465925040913/tm2511452d1_ex99-ax1xa.htm) |
|  | [(2) Amendment No. 1, dated April 29, 2024, to the Fifth Amended and Restated Agreement and Declaration of Trust of Registrant, dated September 20, 2022.<sup>(32)</sup>](http://www.sec.gov/Archives/edgar/data/896435/000110465925040913/tm2511452d1_ex99-ax1xb.htm) |
|  | [(3) Amendment No. 2, dated April 30, 2025, to the Fifth Amended and Restated Agreement and Declaration of Trust of Registrant, dated September 20, 2022.<sup>(32)</sup>](http://www.sec.gov/Archives/edgar/data/896435/000110465925040913/tm2511452d1_ex99-ax1xc.htm) |
| (2) | [By-Laws of Registrant, dated effective September 20, 2022.<sup>(19)</sup>](http://www.sec.gov/Archives/edgar/data/896435/000110465923051220/tm2311906d1_ex99-b.htm) |
| (3) | Voting Trust Agreements - None |
| (4) | [Agreement and Plan of Reorganization by and among the Registrant, on behalf of certain series portfolios, dated December 9, 2025. <sup>(35)</sup>](http://www.sec.gov/Archives/edgar/data/896435/000119312526029397/d810218d497.htm) |
| (5) | Articles II, VI, VII, VIII and IX of the Fifth Amended and Restated Agreement and Declaration of Trust and Articles IV, V and VI of the By-Laws, define rights of holders of shares. |
| (6) (a) | [(1) Amended and Restated Master Investment Advisory Agreement, dated July 1, 2020, between Registrant and Invesco Advisers, Inc.<sup>(12)</sup>](http://www.sec.gov/Archives/edgar/data/896435/000119312521140750/d328384dex99d1ii.htm) |
|  | [(2) Amendment No. 1, dated April 30, 2021, to the Amended and Restated Master Investment Advisory Agreement, dated July 1, 2020, between Registrant and Invesco Advisers, Inc.<sup>(12)</sup>](http://www.sec.gov/Archives/edgar/data/896435/000119312521140750/d328384dex99d1jj.htm) |
|  | [(3) Amendment No. 2, dated August 2, 2021, to the Amended and Restated Master Investment Advisory Agreement, dated July 1, 2020, between Registrant and Invesco Advisers, Inc.<sup>(13)</sup>](http://www.sec.gov/Archives/edgar/data/896435/000119312521266686/d196332dex99d1c.htm) |
|  | [(4) Amendment No. 3, dated April 29, 2022, to the Amended and Restated Master Investment Advisory Agreement, dated July 1, 2020, between Registrant and Invesco Advisers, Inc.<sup>(15)</sup>](http://www.sec.gov/Archives/edgar/data/896435/000110465922052370/tm2210812d1_ex-d1d.htm) |
|  | [(5)Amendment No. 4, dated April 29, 2024, to the Amended and Restated Master Investment Advisory Agreement, dated July 1, 2020, between Registrant and Invesco Advisers, Inc.<sup>(27)</sup>](http://www.sec.gov/Archives/edgar/data/896435/000110465924051897/tm2410620d1_ex99-dx1xe.htm) |
|  | [(6) Amendment No. 5, dated July 1, 2024, to the Amended and Restated Master Investment Advisory Agreement, dated July 1, 2020, between Registrant and Invesco Advisers, Inc.<sup>(32)</sup>](http://www.sec.gov/Archives/edgar/data/896435/000110465925040913/tm2511452d1_ex99-dx1xf.htm) |
|  | [(7) Amendment No. 6, dated September 10, 2024, to the Amended and Restated Master Investment Advisory Agreement, dated July 1, 2020, between Registrant and Invesco Advisers, Inc.<sup>(32)</sup>](http://www.sec.gov/Archives/edgar/data/896435/000110465925040913/tm2511452d1_ex99-dx1xg.htm) |
|  | [(8) Amendment No. 7, dated December 11, 2024, to the Amended and Restated Master Investment Advisory Agreement, dated July 1, 2020, between Registrant and Invesco Advisers, Inc.<sup>(32)</sup>](http://www.sec.gov/Archives/edgar/data/896435/000110465925040913/tm2511452d1_ex99-dx1xh.htm) |

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|:---|
| (b)<br> [(1) Amended and Restated Master Intergroup Sub-Advisory Contract for Mutual Funds, dated July 1, 2020, between Invesco Advisers, Inc., on behalf of Registrant, and each of Invesco Canada Ltd., Invesco Asset Management Deutschland GmbH, Invesco Asset Management Limited, Invesco Asset Management (Japan) Ltd., Invesco Hong Kong Limited, and Invesco Senior Secured Management, Inc.<sup>(12)</sup>](http://www.sec.gov/Archives/edgar/data/896435/000119312521140750/d328384dex99d2s.htm) |
| [(2) Amendment No. 1, dated April 30, 2021, to the Amended and Restated Master Intergroup Sub-Advisory Contract for Mutual Funds, dated July 1, 2020, between Invesco Advisers, Inc., on behalf of Registrant, and each of Invesco Canada Ltd., Invesco Asset Management Deutschland GmbH, Invesco Asset Management Limited, Invesco Asset Management (Japan) Ltd., Invesco Hong Kong Limited, and Invesco Senior Secured Management, Inc.<sup>(12)</sup>](http://www.sec.gov/Archives/edgar/data/896435/000119312521140750/d328384dex99d2t.htm) |
| [(3) Amendment No. 2, dated August 2, 2021, to the Amended and Restated Master Intergroup Sub-Advisory Contract for Mutual Funds, dated July 1, 2020, between Invesco Advisers, Inc., on behalf of Registrant, and each of Invesco Canada Ltd., Invesco Asset Management Deutschland GmbH, Invesco Asset Management Limited, Invesco Asset Management (Japan) Ltd., Invesco Hong Kong Limited, and Invesco Senior Secured Management, Inc.<sup>(15)</sup>](http://www.sec.gov/Archives/edgar/data/896435/000110465922052370/tm2210812d1_ex-d2c.htm) |
| [(4) Amendment No. 3, dated April 29, 2022, to the Amended and Restated Master Intergroup Sub-Advisory Contract for Mutual Funds, dated July 1, 2020, between Invesco Advisers, Inc., on behalf of Registrant, and each of Invesco Canada Ltd., Invesco Asset Management Deutschland GmbH, Invesco Asset Management Limited, Invesco Asset Management (Japan) Ltd., Invesco Hong Kong Limited, and Invesco Senior Secured Management, Inc.<sup>(19)</sup>](http://www.sec.gov/Archives/edgar/data/896435/000110465922052370/tm2210812d1_ex-d2c.htm) |
| [(5) Amendment No. 4, dated April 29, 2024, to the Amended and Restated Master Intergroup Sub-Advisory Contract for Mutual Funds, dated July 1, 2020, between Invesco Advisers, Inc., on behalf of Registrant, and each of Invesco Canada Ltd., Invesco Asset Management Deutschland GmbH, Invesco Asset Management Limited, Invesco Asset Management (Japan) Ltd., Invesco Hong Kong Limited, and Invesco Senior Secured Management, Inc.<sup>(27)</sup>](http://www.sec.gov/Archives/edgar/data/896435/000110465924051897/tm2410620d1_ex99-dx2xe.htm) |
| [(6) Amendment No. 5, dated September 10, 2024, to the Amended and Restated Master Intergroup Sub-Advisory Contract for Mutual Funds, dated July 1, 2020, between Invesco Advisers, Inc., on behalf of Registrant, and each of Invesco Canada Ltd., Invesco Asset Management Deutschland GmbH, Invesco Asset Management Limited, Invesco Asset Management (Japan) Ltd., Invesco Hong Kong Limited, and Invesco Senior Secured Management, Inc.<sup>(</sup><sup>32</sup><sup>)</sup>](http://www.sec.gov/Archives/edgar/data/896435/000110465925040913/tm2511452d1_ex99-dx2xf.htm) |
| [(7) Amendment No. 6, dated December 11, 2024, to the Amended and Restated Master Intergroup Sub-Advisory Contract for Mutual Funds, dated July 1, 2020, between Invesco Advisers, Inc., on behalf of Registrant, and each of Invesco Canada Ltd., Invesco Asset Management Deutschland GmbH, Invesco Asset Management Limited, Invesco Asset Management (Japan) Ltd., Invesco Hong Kong Limited, and Invesco Senior Secured Management, Inc.<sup>(32)</sup>](http://www.sec.gov/Archives/edgar/data/896435/000110465925040913/tm2511452d1_ex99-dx2xg.htm) |
| [(8) Amendment No. 7, dated June 16, 2025, to the Amended and Restated Master Intergroup Sub-Advisory Contract for Mutual Funds, dated July 1, 2020, between Invesco Advisers, Inc., on behalf of Registrant, and each of Invesco Canada Ltd., Invesco Asset Management Deutschland GmbH, Invesco Asset Management Limited, Invesco Asset Management (Japan) Ltd., Invesco Hong Kong Limited, and Invesco Senior Secured Management, Inc. <sup>(38)</sup>](http://www.sec.gov/Archives/edgar/data/896435/000110465926051290/tm2611221d1_ex99-dx2xi.htm) |
| [(9) Amendment No. 8, dated December 9, 2025, to the Amended and Restated Master Intergroup Sub-Advisory Contract for Mutual Funds, dated July 1, 2020, between Invesco Advisers, Inc., on behalf of Registrant, and each of Invesco Canada Ltd., Invesco Asset Management Deutschland GmbH, Invesco Asset Management Limited, Invesco Asset Management (Japan) Ltd., Invesco Hong Kong Limited, and Invesco Senior Secured Management, Inc. <sup>(37</sup>](http://www.sec.gov/Archives/edgar/data/896435/000110465926051290/tm2611221d1_ex99-dx2xj.htm)<sup>)</sup> |

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|:---|
| (c)<br> [(1) Amended and Restated Sub-Advisory Contract between Invesco Advisers, Inc. and Invesco Capital Management, LLC dated July 1, 2020. <sup>(7)</sup>](http://www.sec.gov/Archives/edgar/data/1112996/000119312520225768/d932541dex99d3bb.htm) |
| [(2) Amendment No. 1, dated August 5, 2020, to the Amended and Restated Sub-Advisory Contract between Invesco Advisers, Inc. and Invesco Capital Management, LLC dated July 1, 2020. <sup>(6)</sup>](http://www.sec.gov/Archives/edgar/data/1112996/000119312520267324/d41657dex99d3b.htm) |
| [(3) Amendment No. 2, dated September 4, 2020, to the Amended and Restated Sub-Advisory Contract between Invesco Advisers, Inc. and Invesco Capital Management, LLC dated July 1, 2020. <sup>(6)</sup>](http://www.sec.gov/Archives/edgar/data/1112996/000119312520267324/d41657dex99d3c.htm) |
| [(4) Amendment No. 3, dated October 9, 2020, to the Amended and Restated Sub-Advisory Contract between Invesco Advisers, Inc. and Invesco Capital Management, LLC dated July 1, 2020. <sup>(6)</sup>](http://www.sec.gov/Archives/edgar/data/1112996/000119312520267324/d41657dex99d3d.htm) |
| [(5) Amendment No. 4, dated December 22, 2020, to the Amended and Restated Sub-Advisory Contract between Invesco Advisers, Inc. and Invesco Capital Management, LLC dated July 1, 2020. <sup>(9)</sup>](http://www.sec.gov/Archives/edgar/data/880859/000119312521057692/d102659dex99d3ff.htm) |
| ([6) Amendment No. 5, dated February 18, 2021, to the Amended and Restated Sub-Advisory Contract between Invesco Advisers, Inc. and Invesco Capital Management, LLC dated July 1, 2020. <sup>(10)</sup>](http://www.sec.gov/Archives/edgar/data/826644/000119312521098631/d91865dex99d3f.htm) |
| [(7) Amendment No. 6, dated March 31, 2021, to the Amended and Restated Sub-Advisory Contract between Invesco Advisers, Inc. and Invesco Capital Management, LLC dated July 1, 2020. <sup>(12)</sup>](http://www.sec.gov/Archives/edgar/data/896435/000119312521140750/d328384dex99d3hh.htm) |
| [(8) Amendment No. 7, dated August 2, 2021, to the Amended and Restated Sub-Advisory Contract between Invesco Advisers, Inc. and Invesco Capital Management, LLC dated July 1, 2020. <sup>(13)</sup>](http://www.sec.gov/Archives/edgar/data/0000896435/000119312521266686/d196332dex99d3h.htm) |
| [(9) Amendment No. 8, dated February 28, 2022, to the Amended and Restated Sub-Advisory Contract between Invesco Advisers, Inc. and Invesco Capital Management, LLC dated July 1, 2020.<sup>(15)</sup>](http://www.sec.gov/Archives/edgar/data/896435/000110465922052370/tm2210812d1_ex-d3i.htm) |
| [(10) Amendment No. 9, dated February 28, 2022, to the Amended and Restated Sub-Advisory Contract – Invesco Advisers, Inc. and Invesco Capital Management, LLC dated July 1, 2020. <sup>(16)</sup>](http://www.sec.gov/Archives/edgar/data/842790/000110465922074861/tm2216933d1_ex99-d4j.htm) |
| [(11) Amendment No. 10, dated April 29, 2022, to the Amended and Restated Sub-Advisory Contract – Invesco Advisers, Inc. and Invesco Capital Management, LLC dated July 1, 2020. <sup>(16)</sup>](http://www.sec.gov/Archives/edgar/data/842790/000110465922074861/tm2216933d1_ex99-d4k.htm) |
| [(12) Amendment No. 11, dated September 28, 2022, to the Amended and Restated Sub-Advisory Contract – Invesco Advisers, Inc. and Invesco Capital Management, LLC dated July 1, 2020. <sup>(17)</sup>](http://www.sec.gov/Archives/edgar/data/1112996/000110465922127376/tm2228719d1_ex99-d3l.htm) |
| [(13) Amendment No. 12, dated January 23, 2023, to the Amended and Restated Sub-Advisory Contract – Invesco Advisers, Inc. and Invesco Capital Management, LLC dated July 1, 2020. <sup>(18)</sup>](http://www.sec.gov/Archives/edgar/data/826644/000110465923026131/tm231713d1_ex99-d3m.htm) |
| [(14) Amendment No. 13, dated February 21, 2023, to the Amended and Restated Sub-Advisory Contract – Invesco Advisers, Inc. and Invesco Capital Management, LLC dated July 1, 2020. <sup>(18)</sup>](http://www.sec.gov/Archives/edgar/data/826644/000110465923026131/tm231713d1_ex99-d3n.htm) |
| [(15) Amendment No. 14, dated April, 24, 2023, to the Amended and Restated Sub-Advisory Contract – Invesco Advisers, Inc. and Invesco Capital Management, LLC dated July 1, 2020. <sup>(20)</sup>](http://www.sec.gov/Archives/edgar/data/909466/000110465923075204/tm2317962d1_ex99-d4o.htm) |
| [(16) Amendment No. 15, dated June 14, 2023, to the Amended and Restated Sub-Advisory Contract – Invesco Advisers, Inc. and Invesco Capital Management, LLC dated July 1, 2020. <sup>(20)</sup>](http://www.sec.gov/Archives/edgar/data/909466/000110465923075204/tm2317962d1_ex99-d4p.htm) |
| [(17) Amendment No. 16, dated September 21, 2023, to the Amended and Restated Sub-Advisory Contract – Invesco Advisers, Inc. and Invesco Capital Management LLC dated July 1, 2020. <sup>(22)</sup>](http://www.sec.gov/Archives/edgar/data/1112996/000110465923125957/tm2332246d1_ex99-dx3xq.htm) |
| [(18) Amendment No. 17, dated December 1, 2023, to the Amended and Restated Sub-Advisory Contract – Invesco Advisers, Inc. and Invesco Capital Management LLC dated July 1, 2020. <sup>(23)</sup>](http://www.sec.gov/Archives/edgar/data/880859/000110465924028302/tm243069d1_ex99-dx3xr.htm) |

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| (d)<br> [(1) Amended and Restated Sub-Advisory Contract between Invesco Advisers, Inc. and Invesco Asset Management (India) Private Limited dated July 1, 2020. <sup>(6)</sup>](http://www.sec.gov/Archives/edgar/data/1112996/000119312520267324/d41657dex99d4m.htm) |
| ([2) Amendment No. 1, dated August 5, 2020, to the Amended and Restated Sub-Advisory Contract between Invesco Advisers, Inc. and Invesco Asset Management (India) Private Limited dated July 1, 2020. <sup>(6)</sup>](http://www.sec.gov/Archives/edgar/data/1112996/000119312520267324/d41657dex99d4n.htm) |
| [(3) Amendment No. 2, dated September 4, 2020, to the Amended and Restated Sub-Advisory Contract between Invesco Advisers, Inc. and Invesco Asset Management (India) Private Limited dated July 1, 2020. <sup>(6)</sup>](http://www.sec.gov/Archives/edgar/data/1112996/000119312520267324/d41657dex99d4o.htm) |
| [(4) Amendment No. 3, dated October 9, 2020, to the Amended and Restated Sub-Advisory Contract between Invesco Advisers, Inc. and Invesco Asset Management (India) Private Limited dated July 1, 2020. <sup>(6)</sup>](http://www.sec.gov/Archives/edgar/data/1112996/000119312520267324/d41657dex99d4p.htm) |
| [(5) Amendment No. 4, dated December 22, 2020, to the Amended and Restated Sub-Advisory Contract between Invesco Advisers, Inc. and Invesco Asset Management (India) Private Limited dated July 1, 2020. <sup>(9)</sup>](http://www.sec.gov/Archives/edgar/data/880859/000119312521057692/d102659dex99d4q.htm) |
| [(6) Amendment No. 5, dated February 18, 2021, to the Amended and Restated Sub-Advisory Contract between Invesco Advisers, Inc. and Invesco Asset Management (India) Private Limited dated July 1, 2020. <sup>(10)</sup>](http://www.sec.gov/Archives/edgar/data/826644/000119312521098631/d91865dex99d4f.htm) |
| [(7) Amendment No. 6, dated March 31, 2021, to the Amended and Restated Sub-Advisory Contract between Invesco Advisers, Inc. and Invesco Asset Management (India) Private Limited dated July 1, 2020. <sup>(12)</sup>](http://www.sec.gov/Archives/edgar/data/896435/000119312521140750/d328384dex99d4s.htm) |
| [(8) Amendment No. 7, dated August 2, 2021, to the Amended and Restated Sub-Advisory Contract between Invesco Advisers, Inc. and Invesco Asset Management (India) Private Limited dated July 1, 2020. <sup>(13)</sup>](http://www.sec.gov/Archives/edgar/data/0000896435/000119312521266686/d196332dex99d4h.htm) |
| [(9) Amendment No. 8, dated August 2, 2021, to the Amended and Restated Sub-Advisory Contract – Invesco Advisers, Inc. and Invesco Asset Management (India) Private Limited, dated July 1, 2020. <sup>(16)</sup>](http://www.sec.gov/Archives/edgar/data/842790/000110465922074861/tm2216933d1_ex99-d3i.htm) |
| [(10) Amendment No. 9, dated February 28, 2022, to the Amended and Restated Sub-Advisory Contract – Invesco Advisers, Inc. and Invesco Asset Management (India) Private Limited, dated July 1, 2020. <sup>(16)</sup>](http://www.sec.gov/Archives/edgar/data/842790/000110465922074861/tm2216933d1_ex99-d3j.htm) |

---

------

---

| |
|:---|
| (e)<br> [(1) Amended and Restated Sub-Advisory Contract between Invesco Advisers, Inc. and OppenheimerFunds, Inc. dated July 1, 2020. <sup>(7)</sup>](http://www.sec.gov/Archives/edgar/data/1112996/000119312520225768/d932541dex99d5g.htm) |
| [(2) Amendment No. 1, dated September 4, 2020, to the Amended and Restated Sub-Advisory Contract between Invesco Advisers, Inc. and OppenheimerFunds, Inc. dated July 1, 2020. <sup>(18)</sup>](http://www.sec.gov/Archives/edgar/data/1112996/000119312520321522/d637070dex99d5b.htm) |
| [(3) Amendment No. 2, dated March 31, 2021, to the Amended and Restated Sub-Advisory Contract between Invesco Advisers, Inc. and OppenheimerFunds, Inc. dated July 1, 2020. <sup>(12)</sup>](http://www.sec.gov/Archives/edgar/data/896435/000119312521140750/d328384dex99d5j.htm) |
| [(4) Amendment No. 3, dated April 23, 2021, to the Amended and Restated Sub-Advisory Contract between Invesco Advisers, Inc. and OppenheimerFunds, Inc. dated July 1, 2020. <sup>(12)</sup>](http://www.sec.gov/Archives/edgar/data/896435/000119312521140750/d328384dex99d5k.htm) |
| [(5) Amendment No. 4, dated March 16, 2023, to the Amended and Restated Sub-Advisory Contract – Invesco Advisers, Inc. and OppenheimerFunds, Inc. dated July 1, 2020. <sup>(22)</sup>](http://www.sec.gov/Archives/edgar/data/1112996/000110465923125957/tm2332246d1_ex99-dx5xe.htm) |
| [(6) Amendment No. 5, dated December 1, 2023, to the Amended and Restated Sub-Advisory Contract between Invesco Advisers, Inc. and OppenheimerFunds, Inc. dated July 1, 2020.<sup>(23)</sup>](http://www.sec.gov/Archives/edgar/data/880859/000110465924028302/tm243069d1_ex99-dx5xf.htm) |

---

------

---

| |
|:---|
| (7) (a)<br> [(1) Amended and Restated Master Distribution Agreement, between Registrant and Invesco Distributors, Inc., dated July 1, 2020. <sup>(7</sup>](http://www.sec.gov/Archives/edgar/data/1112996/000119312520225768/d932541dex99e1cc.htm)<sup>)</sup> |
| [(2) Amendment No. 1, dated August 5, 2020, to the Amended and Restated Master Distribution Agreement, between Registrant and Invesco Distributors, Inc., dated July 1, 2020. <sup>(6)</sup>](http://www.sec.gov/Archives/edgar/data/1112996/000119312520267324/d41657dex99e1b.htm) |
| [(3) Amendment No. 2, dated September 4, 2020, to the Amended and Restated Master Distribution Agreement, between Registrant and Invesco Distributors, Inc., dated July 1, 2020. <sup>(6)</sup>](http://www.sec.gov/Archives/edgar/data/1112996/000119312520267324/d41657dex99e1c.htm) |
| [(4) Amendment No. 3, dated October 9, 2020, to the Amended and Restated Master Distribution Agreement, between Registrant and Invesco Distributors, Inc., dated July 1, 2020. <sup>(15)</sup>](http://www.sec.gov/Archives/edgar/data/1112996/000119312520267324/d41657dex99e1d.htm) |
| [(5) Amendment No. 4, dated December 22, 2020, to the Amended and Restated Master Distribution Agreement, between Registrant and Invesco Distributors, Inc., dated July 1, 2020. <sup>(8)</sup>](http://www.sec.gov/Archives/edgar/data/826644/000119312521050895/d67400dex99e2e.htm) |
| [(6) Amendment No. 5, dated February 18, 2021, to the Amended and Restated Master Distribution Agreement, between Registrant and Invesco Distributors, Inc., dated July 1, 2020. <sup>(10)</sup>](http://www.sec.gov/Archives/edgar/data/826644/000119312521098631/d91865dex99e1f.htm) |
| [(7) Amendment No. 6, dated March 31, 2021, to the Amended and Restated Master Distribution Agreement, between Registrant and Invesco Distributors, Inc., dated July 1, 2020. <sup>(12)</sup>](http://www.sec.gov/Archives/edgar/data/896435/000119312521140750/d328384dex99e1ii.htm) |
| [(8) Amendment No. 7, dated August 2, 2021, to the Amended and Restated Master Distribution Agreement, between Registrant and Invesco Distributors, Inc., dated July 1, 2020. <sup>(13)</sup>](http://www.sec.gov/Archives/edgar/data/0000896435/000119312521266686/d196332dex99e1h.htm) |
| [(9) Amendment No. 8, dated August 2, 2021, to the Amended and Restated Master Distribution Agreement, between the Registrant and Invesco Distributors, Inc. <sup>(16)</sup>](http://www.sec.gov/Archives/edgar/data/842790/000110465922074861/tm2216933d1_ex99-e1i.htm) |
| [(10) Amendment No. 9, dated February 28, 2022, to the Amended and Restated Master Distribution Agreement, between the Registrant and Invesco Distributors, Inc. <sup>(16)</sup>](http://www.sec.gov/Archives/edgar/data/842790/000110465922074861/tm2216933d1_ex99-e1j.htm) |
| [(11) Amendment No. 10, dated April 29, 2022, to the Amended and Restated Master Distribution Agreement, between the Registrant and Invesco Distributors, Inc. <sup>(16)</sup>](http://www.sec.gov/Archives/edgar/data/842790/000110465922074861/tm2216933d1_ex99-e1k.htm) |
| [(12) Amendment No. 11, dated September 28, 2022, to the Amended and Restated Master Distribution Agreement, between the Registrant and Invesco Distributors, Inc. <sup>(17)</sup>](http://www.sec.gov/Archives/edgar/data/1112996/000110465922127376/tm2228719d1_ex99-e1l.htm) |
| [(13) Amendment No. 12, dated January 23, 2023, to the Amended and Restated Master Distribution Agreement, between the Registrant and Invesco Distributors, Inc. <sup>(18)</sup>](http://www.sec.gov/Archives/edgar/data/826644/000110465923026131/tm231713d1_ex99-e1m.htm) |
| [(14) Amendment No. 13, dated February 10, 2023, to the Amended and Restated Master Distribution Agreement, between the Registrant and Invesco Distributors, Inc. <sup>(17)</sup>](http://www.sec.gov/Archives/edgar/data/826644/000110465923026131/tm231713d1_ex99-e1n.htm) |

---

------

---

| |
|:---|
| (8) (a)<br> [Form of Invesco Funds Retirement Plan for Eligible Directors/Trustees, as approved by the Board of Directors/Trustees on December 31, 2013. <sup>(3</sup>](http://www.sec.gov/Archives/edgar/data/896435/000119312514157402/d700526dex99f1.htm)<sup>)</sup> |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)<br> [Form of Invesco Funds Trustee Deferred Compensation Agreement for Registrant's Non-Affiliated Directors, as approved by the Board of Directors/Trustees on December 31, 2011. <sup>(4)</sup>](http://www.sec.gov/Archives/edgar/data/896435/000119312515039140/d862754dex99f2.htm) |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)<br> [Form of Amendment to Form of Invesco Funds Trustee Deferred Compensation Agreement. <sup>(5)</sup>](http://www.sec.gov/Archives/edgar/data/896435/000119312516556647/d150787dex99f3.htm) |
| (9) (a)<br> [Master Custodian Agreement, dated June 1, 2018, between Registrant and State Street Bank and Trust Company. <sup>(11)</sup>](http://www.sec.gov/Archives/edgar/data/826644/000119312519054375/d679449dex99g1.htm) |

---

------

---

| |
|:---|
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (b) |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (c)<br> [Foreign Assets Delegation Agreement, dated November 6, 2006, between Registrant and A I M Advisors, Inc. <sup>(1)</sup>](http://www.sec.gov/Archives/edgar/data/896435/000095012908000734/h53588aexv99wg3.txt) |
| (10) (a)<br> [(1) Fifth Amended and Restated Distribution and Service Plan (Compensation) effective July 1, 2022. <sup>(16)</sup>](http://www.sec.gov/Archives/edgar/data/826644/000110465923026131/tm231713d1_ex99-m1e.htm) |
| [(2) Amendment No. 1, dated September 28, 2022, to the Fifth Amended and Restated Distribution and Service Plan (Compensation) effective July 1, 2022. <sup>(16)</sup>](http://www.sec.gov/Archives/edgar/data/826644/000110465923026131/tm231713d1_ex99-m1f.htm) |
| [(3) Amendment No. 2, dated January 23, 2023, to the Fifth Amended and Restated Distribution and Service Plan (Compensation) effective July 1, 2022. <sup>(16)</sup>](http://www.sec.gov/Archives/edgar/data/826644/000110465923026131/tm231713d1_ex99-m1g.htm) |
| [(4) Amendment No. 3, dated February 10, 2023, to the Fifth Amended and Restated Distribution and Service Plan (Compensation) effective July 1, 2022. <sup>(16)</sup>](http://www.sec.gov/Archives/edgar/data/826644/000110465923026131/tm231713d1_ex99-m1h.htm) |
| [(5) Amendment No. 4, dated April 24, 2023, to the Fifth Amended and Restated Distribution and Service Plan (Compensation) effective July 1, 2022. <sup>(21)</sup>](http://www.sec.gov/Archives/edgar/data/725781/000110465923095275/tm2321045d1_ex99-m1e.htm) |
| [(6) Amendment No. 5 dated March 16, 2023, to the Fifth Amended and Restated Distribution and Service Plan (Compensation), effective July 1, 2022. <sup>(24)</sup>](http://www.sec.gov/Archives/edgar/data/725781/000110465923095275/tm2321045d1_ex99-m1f.htm) |
| [(7) Amendment No. 6 dated September 21, 2023, to the Fifth Amended and Restated Distribution and Service Plan (Compensation), effective July 1, 2022. <sup>(24)</sup>](http://www.sec.gov/Archives/edgar/data/1112996/000110465923125957/tm2332246d1_ex99-mx1xg.htm) |
| [(8) Amendment No. 7 dated December 19, 2023, to the Fifth Amended and Restated Distribution and Service Plan (Compensation), effective July 1, 2022. <sup>(25)</sup>](http://www.sec.gov/Archives/edgar/data/826644/000110465924028303/tm243069d1_ex99-mx1xh.htm) |
| [(9) Amendment No. 8, dated April 29, 2024, to the Fifth Amended and Restated Distribution and Service Plan (Compensation) effective July 1, 2022. <sup>(28)</sup>](http://www.sec.gov/Archives/edgar/data/880859/000110465924107745/tm2425887d1_ex99-mx1xi.htm) |
| [(10) Amendment No. 9, dated August 28, 2024, to the Fifth Amended and Restated Distribution and Service Plan (Compensation) effective July 1, 2022. <sup>(28)</sup>](http://www.sec.gov/Archives/edgar/data/880859/000110465924107745/tm2425887d1_ex99-mx1xj.htm) |
| [(11) Amendment No. 10, dated September 11, 2024, to the Fifth Amended and Restated Distribution and Service Plan (Compensation) effective July 1, 2022. <sup>(29)</sup>](http://www.sec.gov/Archives/edgar/data/1112996/000110465924130085/tm2427215d1_ex99-mx1xk.htm) |
| [(12) Amendment No. 11, dated September 10, 2024, to the Fifth Amended and Restated Distribution and Service Plan (Compensation) effective July 1, 2022. <sup>(29)</sup>](http://www.sec.gov/Archives/edgar/data/1112996/000110465924130085/tm2427215d1_ex99-mx1xl.htm) |
| [(13) Amendment No. 12, dated September 10, 2024, to the Fifth Amended and Restated Distribution and Service Plan (Compensation) effective July 1, 2022. <sup>(31)</sup>](http://www.sec.gov/Archives/edgar/data/826644/000110465925018345/tm255735d1_ex99-mx1xm.htm) |
| [(14) Amendment No. 13, dated December 11, 2024, to the Fifth Amended and Restated Distribution and Service Plan (Compensation) effective July 1, 2022. <sup>(31)</sup>](http://www.sec.gov/Archives/edgar/data/826644/000110465925018345/tm255737d1_ex99-mx1xn.htm) |
| [(15) Amendment No. 14, dated December 11, 2024, to the Fifth Amended and Restated Distribution and Service Plan (Compensation) effective July 1, 2022. <sup>(31)</sup>](http://www.sec.gov/Archives/edgar/data/826644/000110465925018345/tm255737d1_ex99-mx1xo.htm) |
| [(16) Amendment No. 15, dated December 11, 2024, to the Fifth Amended and Restated Distribution and Service Plan (Compensation) effective July 1, 2022. <sup>(31)</sup>](http://www.sec.gov/Archives/edgar/data/826644/000110465925018345/tm255737d1_ex99-mx1xp.htm) |
| [(17) Amendment No. 16, dated December 11, 2024, to the Fifth Amended and Restated Distribution and Service Plan (Compensation) effective July 1, 2022. <sup>(</sup><sup>32</sup><sup>)</sup>](http://www.sec.gov/Archives/edgar/data/896435/000110465925040913/tm2511419d1_ex99-md1dq.htm) |
| [(18) Amendment No. 17, dated June 16, 2025, to the Fifth Amended and Restated Distribution and Service Plan (Compensation) effective July 1, 2022. <sup>(33)</sup>](http://www.sec.gov/Archives/edgar/data/880859/000110465925081731/tm2523898d1_ex99-xmx1xr.htm) |

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------

---

| | |
|:---|:---|
|  | [(19) Amendment No. 18, dated December 9, 2025, to the Fifth Amended and Restated Distribution and Service Plan (Compensation) effective July 1, 2022. <sup>(36)</sup>](http://www.sec.gov/Archives/edgar/data/1112996/000110465926018074/tm266639d1_ex99-xmx1xs.htm) |
|  | [(20) Amendment No. 19, dated February 24, 2026, to the Fifth Amended and Restated Distribution and Service Plan (Compensation) effective July 1, 2022. <sup>(37)</sup>](http://www.sec.gov/Archives/edgar/data/826644/000110465926036514/tm268194d1_ex99-mx1xt.htm) |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (b) | [Amended and Restated Multiple Class Plan of The Invesco Family of Funds, effective March 26, 2024. <sup>(26)</sup>](http://www.sec.gov/Archives/edgar/data/205007/000119312524080691/d824357dex99n.htm) |
| (11) | [Opinion and Consent of Stradley Ronon Stevens & Young, LLP. <sup>(34)</sup>](http://www.sec.gov/Archives/edgar/data/896435/000119312525314224/d23729dex9911.htm) |
| (12) | [Opinion of Stradley Ronon Stevens & Young, LLP supporting the tax matters and consequences to shareholders.(\*)](d124784dex9912.htm) |
| (13) (a) | [(1) Fourth Amended and Restated Master Administrative Services Agreement, dated July 1, 2020, between Registrant and Invesco Advisers, Inc. <sup>(12)</sup>](http://www.sec.gov/Archives/edgar/data/896435/000119312521140750/d328384dex99h1y.htm) |
|  | [(2) Amendment No. 1, dated April 30, 2021, to the Fourth Amended and Restated Master Administrative Services Agreement, dated July 1, 2020, between Registrant and Invesco Advisers, Inc. <sup>(12)</sup>](http://www.sec.gov/Archives/edgar/data/896435/000119312521140750/d328384dex99h1z.htm) |
|  | [(3) Amendment No. 2, dated August 2, 2021, to the Fourth Amended and Restated Master Administrative Services Agreement, dated July 1, 2020, between Registrant and Invesco Advisers, Inc. <sup>(13)</sup>](http://www.sec.gov/Archives/edgar/data/0000896435/000119312521266686/d196332dex99h1c.htm) |
|  | [(4) Amendment No. 3, dated April 29, 2022, to the Fourth Amended and Restated Master Administrative Services Agreement, dated July 1, 2020, between Registrant and Invesco Advisers, Inc. <sup>(15)</sup>](http://www.sec.gov/Archives/edgar/data/896435/000110465922052370/tm2210812d1_ex-h1d.htm) |
|  | [(5) Amendment No. 4, dated April 29, 2024, to the Fourth Amended and Restated Master Administrative Services Agreement, dated July 1, 2020, between Registrant and Invesco Advisers, Inc.<sup>(27)</sup>](http://www.sec.gov/Archives/edgar/data/896435/000110465924051897/tm2410620d1_ex99-hx1xe.htm) |
|  | [(6) Amendment No. 5, dated September 10, 2024, to the Fourth Amended and Restated Master Administrative Services Agreement, dated July 1, 2020, between Registrant and Invesco Advisers, Inc.<sup>(</sup><sup>32</sup><sup>)</sup>](http://www.sec.gov/Archives/edgar/data/896435/000110465925040913/tm2511452d1_ex99-hx1xf.htm) |
|  | [(7) Amendment No. 6, dated December 11, 2024, to the Fourth Amended and Restated Master Administrative Services Agreement, dated July 1, 2020, between Registrant and Invesco Advisers, Inc.<sup>(</sup><sup>32</sup><sup>)</sup>](http://www.sec.gov/Archives/edgar/data/896435/000110465925040913/tm2511452d1_ex99-hx1xg.htm) |
|  | [(8) Amendment No. 7, dated June 16, 2025, to the Fourth Amended and Restated Master Administrative Services Agreement, dated July 1, 2020, between the Registrant and Invesco Advisers, Inc. <sup>(38)</sup>](http://www.sec.gov/Archives/edgar/data/896435/000110465926051290/tm2611221d1_ex99-hx1xh.htm) |
|  | [(9) Amendment No. 8, dated December 9, 2025, to the Fourth Amended and Restated Master Administrative Services Agreement, dated July 1, 2020, between the Registrant and Invesco Advisers, Inc. <sup>(38)</sup>](http://www.sec.gov/Archives/edgar/data/896435/000110465926051290/tm2611221d1_ex99-hx1xi.htm) |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (b) | [(1) Second Amended and Restated Transfer Agency and Service Agreement, dated July 1, 2020, between Registrant and Invesco Investment Services, Inc. <sup>(12</sup>](http://www.sec.gov/Archives/edgar/data/896435/000119312521140750/d328384dex99h2.htm)<sup>)</sup> |
|  | [(2) Amendment No. 1, dated July 1, 2021, to the Second Amended and Restated Transfer Agency and Service Agreement, dated July 1, 2020, between Registrant and Invesco Investment Services, Inc.<sup>(14)</sup>](http://www.sec.gov/Archives/edgar/data/826644/000119312522054287/d293229dex99h1b.htm) |
|  | [(3) Notice to the Transfer Agent dated August 2, 2021, to the Transfer Agency and Service Agreement, dated July 1, 2020, between Registrant and Invesco Investment Service, Inc. <sup>(13)</sup>](http://www.sec.gov/Archives/edgar/data/0000896435/000119312521266686/d196332dex99h2b.htm) |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (c) | [Form of Participation Agreement. <sup>(6)</sup>](http://www.sec.gov/Archives/edgar/data/896435/000168386320005821/f3353d5.htm) |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (d) | [Agreement and Plan of Reorganization, dated December 7, 1999, between Registrant and AIM Variable Insurance Funds. <sup>(4</sup>](http://www.sec.gov/Archives/edgar/data/896435/000095012900000688/0000950129-00-000688.txt)<sup>)</sup> |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (e) | [Fourth Amended and Restated Interfund Loan Agreement, dated April 30, 2010, between Registrant and Invesco Advisers, Inc. <sup>(2</sup>](http://www.sec.gov/Archives/edgar/data/896435/000095012311041079/h81224bexv99whw129.htm)<sup>)</sup> |

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| | |
|:---|:---|
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (f) | [Memorandum of Agreement, dated December 10, 2025, regarding advisory fee waivers and affiliated money market fund waivers, between Registrant and Invesco Advisers, Inc. <sup>(34)</sup>](http://www.sec.gov/Archives/edgar/data/1112996/000110465925122485/tm2532965d1_ex99-xhx4.htm) |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (g) | [Memorandum of Agreement, dated December 10, 2025, regarding expense limitations between Registrant (on behalf of certain Funds) and Invesco Advisers, Inc. <sup>(34)</sup>](http://www.sec.gov/Archives/edgar/data/1112996/000110465925122485/tm2532965d1_ex99-xhx3.htm) |
| (14) | [Consent of PricewaterhouseCoopers LLP. <sup>(34)</sup>](http://www.sec.gov/Archives/edgar/data/896435/000119312525314224/d23729dex9914.htm) |
| (15) | Omitted - Financial Statements. |
| (16) | [Power of Attorney. <sup>(36)</sup>](http://www.sec.gov/Archives/edgar/data/1112996/000110465926018074/tm266639d1_ex99-xq.htm) |
| (17) | [(1) Code of Ethics and Personal Trading Policy for North America, dated January 2026, relating to Invesco Advisers, Inc., Invesco Canada Ltd., Invesco Senior Secured Management and Invesco Capital Management, LLC. <sup>(36)</sup>](http://www.sec.gov/Archives/edgar/data/1112996/000110465926018074/tm266639d1_ex99-xpx1.htm) |
|  | [(2) Code of Ethics and Personal Trading Policy for EMEA dated January 2026, relating to Invesco Asset Management Limited and Invesco Asset Management Deutschland (GmbH). <sup>(36)</sup>](http://www.sec.gov/Archives/edgar/data/1112996/000110465926018074/tm266639d1_ex99-xpx2.htm) |
|  | [(3) Code of Ethics and Personal Trading Policy for APAC, dated January 2026, relating to Invesco Asset Management (Japan) Limited, and Invesco Hong Kong Limited. <sup>(36)</sup>](http://www.sec.gov/Archives/edgar/data/1112996/000110465926018074/tm266639d1_ex99-xpx3.htm) |

---

(1) Incorporated herein by reference to Post-Effective Amendment No. 34, filed electronically on
February 11, 2008.

(2) Incorporated herein by reference to Post-Effective Amendment No. 54, filed electronically on
April 28, 2011.

(3) Incorporated herein by reference to Post-Effective Amendment No. 61, filed electronically on
April 24, 2014.

(4) Incorporated herein by reference to Post-Effective Amendment No. 63, filed electronically on
February 9, 2015.

(5) Incorporated herein by reference to Post-Effective Amendment No. 67, filed electronically on
April 26, 2016.

(6) Incorporated herein by reference to Post-Effective Amendment No. 81 filed electronically on April 27,
2020. (7) Incorporated by reference to Post-Effective Amendment No. 137 to AIM Counselor Series Trust (Invesco
Counselor Series Trust) Registration Statement on Form N-1A, filed on August 21, 2020.

(8) Incorporated by reference to Post-Effective Amendment No. 191 to AIM Investment Funds (Invesco Investment
Funds) Registration Statement on Form N-1A, filed on February 22, 2021.

(9) Incorporated by reference to Post-Effective Amendment No. 101 to AIM International Mutual Funds (Invesco
International Mutual Funds) Registration Statement on Form N-1A, filed on February 26, 2021.

(10) Incorporated by reference to Post-Effective Amendment No. 192 to AIM Investment Funds (Invesco Investment
Funds) Registration Statement on Form N-1A, filed on March 30, 2021.

(11) Incorporated by reference to Post-Effective Amendment No. 174 to AIM Investment Funds (Invesco Investment
Funds) Registration Statement on Form N-1A, filed on February 27, 2019.

(12) Incorporated herein by reference to Post-Effective Amendment No. 83 filed electronically on April 29,
2021. (13) Incorporated herein by reference to Post-Effective Amendment No. 85 filed electronically on
September 7, 2021.

(14) Incorporated by reference to Post-Effective Amendment No. 193 to AIM Investment Funds (Invesco Investment
Funds) Registration Statement on Form N-1A, filed on February 25, 2022.

(15) Incorporated herein by reference to Post-Effective Amendment No. 86 filed electronically on April 28,
2022. (16) Incorporated by reference to Post-Effective Amendment No. 105 to AIM Investment Securities Funds (Invesco
Investment Securities Funds) Registration Statement on Form N-1A, filed on June 27, 2022.

(17) Incorporated by reference to Post-Effective Amendment No. 174 to AIM Counselor Series Trust (Invesco
Counselor Series Trust) Registration Statement on Form N-1A, filed on December 15, 2022.

(18) Incorporated by reference to Post-Effective Amendment No. 195 to AIM Investment Funds (Invesco Investment
Funds) Registration Statement on Form N-1A, filed on February 28, 2023.

(19) Incorporated herein by reference to Post-Effective Amendment No. 87 filed electronically on April 27,
2023. (20) Incorporated by reference to Post-Effective Amendment No. 95 to AIM Tax-Exempt Funds (Invesco Tax-Exempt Funds) Registration Statement on Form N-1A, filed on June 27, 2023.

(21) Incorporated by reference to Post-Effective Amendment No. 122 to AIM Sector Funds (Invesco Sector Funds)
Registration Statement on Form N-1A, filed on August 25, 2023.

(22) Incorporated herein by reference to Post-Effective Amendment No. 189 to AIM Counselor Series Trust
(Invesco Counselor Series Trust) Registration Statement on Form N-1A, filed on December 14, 2023.

(23) Incorporated by reference to Post Effective Amendment No. 104 to AIM International Mutual Funds (Invesco
International Mutual Funds) Registration Statement on Form N-1A, filed on February 27, 2024.

------

(24) Incorporated by reference to Post Effective Amendment No. 122 to AIM Sector Funds (Invesco Sector Funds)
Registration Statement on Form N-1A, filed on August 25, 2023.

(25) Incorporated by reference to Post Effective Amendment No. 197 to AIM Investment Funds (Invesco Investment
Funds) Registration Statement on Form N-1A, filed on February 27, 2024.

(26) Incorporated by reference to Post-Effective Amendment No. 198 to AIM Investment Funds (Invesco Investment
Funds) Registration Statement on Form N-1A on March 27, 2024.

(27) Incorporated herein by reference to Post-Effective Amendment No. 88 filed on April 25, 2024.

(28) Incorporated by reference to Post Effective Amendment No. 105 to AIM International Mutual Funds (Invesco
International Mutual Funds) Registration Statement on Form N-1A, filed on October 10, 2024.

(29) Incorporated by reference to Post Effective Amendment No. 203 to AIM Counselor Series Trust (Invesco
Counselor Series Trust) Registration Statement on Form N-1A, filed on December 19, 2024.

(30) Incorporated by reference to Pre Effective Amendment No. 1 to Invesco Senior Income Trust Registration
Statement of Form N-2, filed on February 7, 2025.

(31) Incorporated by reference to Post-Effective Amendment No. 199 to AIM Investment Funds (Invesco Investment
Funds) Registration Statement on Form N-1A, filed on February 27, 2025.

(32) Incorporated by reference to Post-Effective Amendment No. 89 filed electronically on April 29, 2025.

(33) Incorporated by reference to Post Effective Amendment No. 109 to AIM International Mutual Funds (Invesco
International Mutual Funds) Registration Statement on Form N-1A, filed on August 22, 2025.

(34) Incorporated herein by reference to Registration Statement on Form N-14, filed on December 10, 2025.

(35) Incorporated herein by reference to the definitive materials on Form 497(b), filed electronically on January 29, 2026.

(36) Incorporated by reference to Post Effective Amendment No. 222 to AIM Counselor Series Trust (Invesco
Counselor Series Trust) Registration Statement on Form N-1A, filed on February 20, 2026.

(37) Incorporated by reference to Post-Effective Amendment No. 203 to AIM Investment Funds (Invesco Investment
Funds) Registration Statement on Form N-1A, filed on March 30, 2026.

(38) Incorporated herein by reference to Post-Effective Amendment No. 90, filed on April 29, 2026.

(\*) Filed herewith electronically.

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| | |
|:---|:---|
| Item 17. | <u>Undertakings</u> |
|  | (1) The undersigned Registrant agrees that prior to any public reoffering of the securities registered through the use of a prospectus which is a part of this registration statement by any person or party who is deemed to be an underwriter within the meaning of Rule 145(c) of the Securities Act [17 CRF 203.145c], the reoffering prospectus will contain the information called for by the applicable registration form for reofferings by persons who may be deemed underwriters, in addition to the information called for by the other items of the applicable form.<br>(2) The undersigned Registrant agrees that every prospectus that is filed under paragraph (1) above will be filed as a part of an amendment to the registration statement and will not be used until the amendment is effective, and that, in determining any liability under the 1933 Act, each post-effective amendment shall be deemed to be a new registration statement for the securities offered therein, and the offering of the securities at that time shall be deemed to be the initial bona fide offering of them.<br>(3) The undersigned Registrant agrees to file by Post-Effective Amendment the opinion of counsel regarding the tax consequences of the proposed reorganization required by Item 16(12) of Form N-14 within a reasonable time after receipt of such opinion. |

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**SIGNATURES** 

As required by the Securities Act of 1933, as amended, this Registration Statement has been signed on behalf of the Registrant in the City of Houston and State of Texas on the 15th day of June 2026.

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| | |
|:---|:---|
| **Registrant:** | **AIM VARIABLE INSURANCE FUNDS**<br> **(INVESCO VARIABLE INSURANCE FUNDS)** |
|  | /s/ Glenn Brightman |
|  | Glenn Brightman, President |

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Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been signed below by the following persons in the capacities and on the dates indicated.

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| | | |
|:---|:---|:---|
| **SIGNATURES** | **TITLE** | **DATE** |
| /s/ Glenn Brightman | President | June 15, 2026 |
| (Glenn Brightman) | (Principal Executive Officer) |  |
| /s/ Beth Ann Brown\* | Trustee | June 15, 2026 |
| (Beth Ann Brown) |  |  |
| /s/ Carol Deckbar\* | Trustee | June 15, 2026 |
| (Carol Deckbar) |  |  |
| /s/ Cynthia Hostetler\* | Trustee | June 15, 2026 |
| (Cynthia Hostetler) |  |  |
| /s/ Eli Jones\* | Trustee | June 15, 2026 |
| (Eli Jones) |  |  |
| /s/ Elizabeth Krentzman\* | Trustee | June 15, 2026 |
| (Elizabeth Krentzman) |  |  |
| /s/ Jeffrey H. Kupor\* | Trustee | June 15, 2026 |
| (Jeffrey H. Kupor) |  |  |
| /s/ Anthony J. LaCava, Jr.\* | Trustee | June 15, 2026 |
| (Anthony J. LaCava, Jr.) |  |  |
| /s/ James Liddy\* | Trustee | June 15, 2026 |
| (James Liddy) |  |  |
| /s/ Edward Perkin\* | Trustee | June 15, 2026 |
| (Edward Perkin) |  |  |
| /s/ Teresa M. Ressel\* | Trustee | June 15, 2026 |
| (Teresa M. Ressel) |  |  |
| /s/ Douglas Sharp\* | Trustee | June 15, 2026 |
| (Douglas Sharp) |  |  |

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------

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| | | |
|:---|:---|:---|
| **SIGNATURES** | **TITLE** | **DATE** |
| /s/ Daniel S. Vandivort\* | Trustee | June 15, 2026 |
| (Daniel S. Vandivort) |  |  |
| /s/ Adrien Deberghes | Senior Vice President & | June 15, 2026 |
| (Adrien Deberghes) | Treasurer<br> (Principal Financial Officer) |  |

---

---

| | |
|:---|:---|
| By | /s/ Glenn Brightman |
|  | (Glenn Brightman) |
|  | Attorney-in-Fact |

---

\* [Glenn Brightman, pursuant to powers of attorney dated February 3, 2026, incorporated herein by reference to Post-Effective Amendment No. 222 to AIM Counselor Series Trust (Invesco Counselor Series Trust) Registration Statement on Form N-1A, filed on February 20, 2026.](http://www.sec.gov/Archives/edgar/data/1112996/000110465926018074/tm266639d1_ex99-xq.htm) 

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INDEX

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| | |
|:---|:---|
| Exhibit<br>Number | Description |
| (12) | [Opinion of Stradley Ronon Stevens & Young, LLP supporting the tax matters and consequences to shareholders.](d124784dex9912.htm) |

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## Exhibit 99.12

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| | |
|:---|:---|
| ![LOGO](g124784dsp02.jpg) | 191 North Wacker Drive<br> Suite 1601<br> Chicago, IL 60606<br> T: 312.964.3500 |

---

**Richard Peterson** 

Partner

rpeterson@stradley.com

312.964.3499 April 24, 2026

Boards Of Trustees, AIM Variable Insurance Funds (Invesco Variable Insurance Funds) 11 Greenway Plaza, Suite 1000, Houston, TX 77046

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| | |
|:---|:---|
| **Re:** | **Agreement and Plan of Reorganization ("Agreement") adopted as of December 9, 2025 by and among (i) AIM Variable Insurance Funds (Invesco Variable Insurance Funds) ("AVIF"), on behalf of its series identified on Exhibit A hereto (the "Target Fund"); (ii) AVIF, on behalf of its series identified on Exhibit A hereto (the "Acquiring Fund"); and (iii) Invesco Advisers, Inc. ("IAI").**  |

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Ladies and Gentlemen:

You have requested our opinion as to certain federal income tax consequences of the Reorganization set forth on Exhibit A, attached hereto, of the Target Fund, pursuant to which: (i) the Acquiring Fund will acquire the Assets and Liabilities of the Target Fund in exchange for the corresponding class or classes of shares (as applicable) of the Acquiring Fund of equal value to the net assets of the Target Fund, and (ii) the Target Fund will distribute such shares of the Acquiring Fund to shareholders of the corresponding class of the Target Fund, in connection with the liquidation of the Target Fund, all upon the terms and conditions of the Agreement (the "Reorganization"). Capitalized terms not otherwise defined herein shall have the meanings assigned to them in the Agreement.

In rendering our opinion, we have reviewed and relied upon: (a) a copy of the executed Agreement, dated as of December 9, 2025; (b) the Information Statement/Prospectus provided to shareholders of the Target Fund dated December 10, 2025; (c) certain representations concerning the Reorganization made to us by AVIF, on behalf of the Acquiring Fund and the Target Fund, in a letter dated April 24, 2026 (the "Representation Letter"); (d) all other documents, financial and other reports and corporate minutes we deemed relevant or appropriate; and (e) such statutes, regulations, rulings and decisions as we deemed material in rendering this opinion.

For purposes of this opinion, we have assumed that the Target Fund on the Closing Date of the Reorganization satisfies, and immediately following the Closing Date of the Reorganization, the Acquiring Fund will continue to satisfy, the requirements of Subchapter M of the Code, for qualification as regulated investment companies.

Based on the foregoing, and provided the Reorganization is carried out in accordance with the applicable laws of the State of Delaware, the terms of the Agreement and the statements in the Representation Letter, it is our opinion that for federal income tax purposes:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. The acquisition by the Acquiring Fund of substantially all of the assets of the Target Fund, as provided for in
the Agreement, in exchange for Acquiring Fund shares and the

**Stradley Ronon Stevens & Young, LLP \| stradley.com** 

Chicago \| Los Angeles \| New York \| Philadelphia \| Washington, D.C.

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April 24, 2026

assumption by the Acquiring Fund of all of the liabilities of the Target Fund, followed by the distribution by the Target Fund to its shareholders of the Acquiring Fund shares in complete liquidation of the Target Fund, will qualify as a reorganization within the meaning of Section 368(a)(1) of the Code, and the Target Fund and the Acquiring Fund each will be a "party to the reorganization" within the meaning of Section 368(b) of the Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. No gain or loss will be recognized by the Target Fund upon the transfer of substantially all of its assets to,
and assumption of its liabilities by, the Acquiring Fund in exchange solely for Acquiring Fund shares pursuant to Section 361(a) and Section 357(a) of the Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. No gain or loss will be recognized by the Acquiring Fund upon the receipt by it of substantially all of the
assets of the Target Fund in exchange solely for the assumption of the liabilities of the Target Fund and issuance of the Acquiring Fund shares pursuant to Section 1032(a) of the Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. No gain or loss will be recognized by the Target Fund upon the distribution of the Acquiring Fund shares by the
Target Fund to its shareholders in complete liquidation (in pursuance of this Agreement) pursuant to Section 361(c)(1) of the Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. The tax basis of the assets of the Target Fund received by the Acquiring Fund will be the same as the tax basis
of such assets in the hands of the Target Fund immediately prior to the transfer pursuant to Section 362(b) of the Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. The holding periods of the assets of the Target Fund in the hands of the Acquiring Fund will include the
periods during which such assets were held by the Target Fund pursuant to Section 1223(2) of the Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. No gain or loss will be recognized by the shareholders of the Target Fund upon the exchange of all of their
Target Fund shares for the Acquiring Fund shares, pursuant to Section 354(a) of the Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. The aggregate tax basis of the Acquiring Fund shares to be received by each shareholder of the Target Fund will
be the same as the aggregate tax basis of Target Fund shares exchanged therefor pursuant to Section 358(a)(1) of the Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. The holding period of Acquiring Fund shares received by a shareholder of the Target Fund will include the
holding period of the Target Fund shares exchanged therefor, provided that the shareholder held Target Fund shares as a capital asset on the date of the exchange pursuant to Section 1223(1) of the Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10. For purposes of Section 381 of the Code, the Acquiring Fund will succeed to and take into account, as of
the date of the transfer as defined in Section 1.381(b)-1(b) of the income tax regulations issued by the United States Department of the Treasury (the "Income Tax Regulations"), the items of
the Target Fund described in Section 381(c) of the Code, subject to the conditions and limitations specified in Sections 381, 382, 383 and 384 of the Code, and the Income Tax Regulations thereunder.

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April 24, 2026

Notwithstanding anything to the contrary herein, we express no opinion as to the effect of the Reorganization on the Target Fund, the Acquiring Fund or any Target Fund shareholders with respect to any asset (including without limitation any stock held in a passive foreign investment company as defined in Section 1297(a) of the Code or any contract described in Section 1256(b) of the Code) as to which any unrealized gain or loss is required to be recognized for federal income tax purposes at the end of a taxable year (or on the termination or transfer thereof) regardless of whether such transfer would otherwise be a nonrecognition transaction under the Code.

Our opinion is based upon the Code, the applicable Income Tax Regulations, the present positions of the Internal Revenue Service (the "Service") as are set forth in published revenue rulings and revenue procedures, present administrative positions of the Service, and existing judicial decisions, all of which are subject to change either prospectively or retroactively. We do not undertake to make any continuing analysis of the facts or relevant law following the date of the Reorganization.

Our opinion is conditioned upon the performance by AVIF, on behalf of the Acquiring Fund and the Target Fund, of the undertakings in the Agreement and the Representation Letter. Except as expressly set forth above, we express no other opinion to any party as to the tax consequences, whether federal, state, local or foreign, with respect to (i) the Reorganization or any transaction related to or contemplated by such Reorganization (or incident thereto) or (ii) the effect, if any, of the Reorganization on any other transaction and/or the effect, if any, of any such other transaction on the Reorganization.

We hereby consent to the use of this opinion as an exhibit to the registration statement of the Acquiring Fund on Form N-14, and any amendments thereto, covering the registration of the Acquiring Fund shares under the Securities Act of 1933, as amended, to be issued in the Reorganization.

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| |
|:---|
| &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; Very truly yours, |
| ![LOGO](g124784dsp4.jpg) |

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April 24, 2026

**<u>EXHIBIT A</u>**

**CHART OF REORGANIZATIONS** 

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| | | |
|:---|:---|:---|
| **ACQUIRING FUND (AND SHARE CLASSES)** | **TARGET FUND (AND TARGET SHARE**<br> **CLASSES)** | **CLOSING<br>DATE** |
| Invesco V.I. Global Fund, *a series of AIM Variable Insurance Funds (Invesco Variable Insurance Funds)* | Invesco V.I. Global Core Equity Fund, *a series of AIM Variable Insurance Funds (Invesco Variable Insurance Funds)* | **April 24, 2026** |
| Series I | Series I |  |
| Series II | Series II |  |

---