# EDGAR Filing Document

**Accession Number:** 0000896435
**File Stem:** 0000896435-25-000146
**Filing Date:** 2025-11
**Character Count:** 59358
**Document Hash:** c644500b87f2d653088903abf193db09
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000896435-25-000146.hdr.sgml**: 20251128

**ACCESSION NUMBER**: 0000896435-25-000146

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251128

**DATE AS OF CHANGE**: 20251128

**PERIOD START**: 20251231

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07452
- **FILM NUMBER:** 251534813

**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. AMERICAN VALUE FUND (Series ID: S000027881)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000084659 | SERIES I     |  |
| C000084660 | SERIES II    |  |

## Nport-Ex

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

*September 30, 2025*

*(Unaudited)*

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

---

| | | |
|:---|:---|:---|
| **Shares** | **Shares** | **Value** |
| **Common Stocks & Other Equity Interests–94.90%** | **Common Stocks & Other Equity Interests–94.90%** | **Common Stocks & Other Equity Interests–94.90%** |
| **Agricultural & Farm Machinery–1.16%** | **Agricultural & Farm Machinery–1.16%** | **Agricultural & Farm Machinery–1.16%** |
| AGCO Corp.<sup>(b)</sup>  | 41444 | &nbsp;&nbsp; $4437409 |
| **Application Software–2.69%** | **Application Software–2.69%** | **Application Software–2.69%** |
| AppLovin Corp., Class A<sup>(c)</sup>  | 14342 | &nbsp;&nbsp; 10305301 |
| **Cargo Ground Transportation–1.43%** | **Cargo Ground Transportation–1.43%** | **Cargo Ground Transportation–1.43%** |
| Saia, Inc.<sup>(b)(c)</sup>  | 18273 | &nbsp;&nbsp; 5470205 |
| **Coal & Consumable Fuels–1.13%** | **Coal & Consumable Fuels–1.13%** | **Coal & Consumable Fuels–1.13%** |
| Cameco Corp. (Canada) | 51468 | &nbsp;&nbsp; 4316106 |
| **Communications Equipment–0.53%** | **Communications Equipment–0.53%** | **Communications Equipment–0.53%** |
| Lumentum Holdings, Inc.<sup>(c)</sup>  | 12529 | &nbsp;&nbsp; 2038594 |
| **Construction & Engineering–2.94%** | **Construction & Engineering–2.94%** | **Construction & Engineering–2.94%** |
| AECOM<sup>(b)</sup>  | 66154 | &nbsp;&nbsp; 8631112 |
| MasTec, Inc.<sup>(c)</sup>  | 12452 | &nbsp;&nbsp; 2649910 |
|  |  | &nbsp;&nbsp; 11281022 |
| **Construction Machinery & Heavy Transportation Equipment–**<br> **1.14%** | **Construction Machinery & Heavy Transportation Equipment–**<br> **1.14%** | **Construction Machinery & Heavy Transportation Equipment–**<br> **1.14%** |
| Oshkosh Corp. | 33571 | &nbsp;&nbsp; 4354159 |
| **Copper–1.96%** | **Copper–1.96%** | **Copper–1.96%** |
| Freeport-McMoRan, Inc. | 192073 | &nbsp;&nbsp; 7533103 |
| **Diversified Banks–2.83%** | **Diversified Banks–2.83%** | **Diversified Banks–2.83%** |
| Fifth Third Bancorp<sup>(b)</sup>  | 81246 | &nbsp;&nbsp; 3619510 |
| U.S. Bancorp | 149219 | &nbsp;&nbsp; 7211754 |
|  |  | &nbsp;&nbsp; 10831264 |
| **Diversified Chemicals–0.38%** | **Diversified Chemicals–0.38%** | **Diversified Chemicals–0.38%** |
| Huntsman Corp. | 163290 | &nbsp;&nbsp; 1466344 |
| **Diversified Metals & Mining–1.59%** | **Diversified Metals & Mining–1.59%** | **Diversified Metals & Mining–1.59%** |
| Anglo American PLC (South Africa) | 59686 | &nbsp;&nbsp; 2250598 |
| Teck Resources Ltd., Class B (Canada) | 88026 | &nbsp;&nbsp; 3863461 |
|  |  | &nbsp;&nbsp; 6114059 |
| **Electric Utilities–2.30%** | **Electric Utilities–2.30%** | **Electric Utilities–2.30%** |
| NRG Energy, Inc. | 54353 | &nbsp;&nbsp; 8802468 |
| **Electrical Components & Equipment–4.03%** | **Electrical Components & Equipment–4.03%** | **Electrical Components & Equipment–4.03%** |
| Generac Holdings, Inc.<sup>(b)(c)</sup>  | 13831 | &nbsp;&nbsp; 2315310 |
| Regal Rexnord Corp.<sup>(b)</sup>  | 32341 | &nbsp;&nbsp; 4638993 |
| Vertiv Holdings Co., Class A | 56213 | &nbsp;&nbsp; 8480293 |
|  |  | &nbsp;&nbsp; 15434596 |
| **Electronic Components–3.27%** | **Electronic Components–3.27%** | **Electronic Components–3.27%** |
| Coherent Corp.<sup>(c)</sup>  | 116489 | &nbsp;&nbsp; 12548195 |
| **Fertilizers & Agricultural Chemicals–1.67%** | **Fertilizers & Agricultural Chemicals–1.67%** | **Fertilizers & Agricultural Chemicals–1.67%** |
| Corteva, Inc. | 60341 | &nbsp;&nbsp; 4080862 |
| Mosaic Co. (The) | 67088 | &nbsp;&nbsp; 2326612 |
|  |  | &nbsp;&nbsp; 6407474 |
| **Food Distributors–0.86%** | **Food Distributors–0.86%** | **Food Distributors–0.86%** |
| Performance Food Group Co.<sup>(c)</sup>  | 31773 | &nbsp;&nbsp; 3305663 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Shares** | **Value** |
| **Gold–5.66%** | **Gold–5.66%** | **Gold–5.66%** |
| Agnico Eagle Mines Ltd. (Canada) | 49191 | &nbsp;&nbsp; $8291635 |
| Newmont Corp. | 159051 | &nbsp;&nbsp; 13409590 |
|  |  | &nbsp;&nbsp; 21701225 |
| **Health Care Equipment–5.09%** | **Health Care Equipment–5.09%** | **Health Care Equipment–5.09%** |
| Hologic, Inc.<sup>(c)</sup>  | 110702 | &nbsp;&nbsp; 7471278 |
| Medtronic PLC | 64856 | &nbsp;&nbsp; 6176885 |
| Zimmer Biomet Holdings, Inc.<sup>(b)</sup>  | 59562 | &nbsp;&nbsp; 5866857 |
|  |  | &nbsp;&nbsp; 19515020 |
| **Health Care Services–0.40%** | **Health Care Services–0.40%** | **Health Care Services–0.40%** |
| Fresenius Medical Care AG (Germany) | 28755 | &nbsp;&nbsp; 1519344 |
| **Hotels, Resorts & Cruise Lines–2.71%** | **Hotels, Resorts & Cruise Lines–2.71%** | **Hotels, Resorts & Cruise Lines–2.71%** |
| Expedia Group, Inc. | 39834 | &nbsp;&nbsp; 8514518 |
| Travel + Leisure Co.<sup>(b)</sup>  | 31392 | &nbsp;&nbsp; 1867510 |
|  |  | &nbsp;&nbsp; 10382028 |
| **Industrial Machinery & Supplies & Components–2.68%** | **Industrial Machinery & Supplies & Components–2.68%** | **Industrial Machinery & Supplies & Components–2.68%** |
| Chart Industries, Inc.<sup>(c)</sup>  | 33981 | &nbsp;&nbsp; 6801297 |
| Middleby Corp. (The)<sup>(c)</sup>  | 26217 | &nbsp;&nbsp; 3485026 |
|  |  | &nbsp;&nbsp; 10286323 |
| **Insurance Brokers–1.63%** | **Insurance Brokers–1.63%** | **Insurance Brokers–1.63%** |
| Willis Towers Watson PLC | 18122 | &nbsp;&nbsp; 6260245 |
| **Integrated Oil & Gas–0.60%** | **Integrated Oil & Gas–0.60%** | **Integrated Oil & Gas–0.60%** |
| Cenovus Energy, Inc. (Canada)<sup>(b)</sup>  | 136460 | &nbsp;&nbsp; 2318455 |
| **Interactive Home Entertainment–2.43%** | **Interactive Home Entertainment–2.43%** | **Interactive Home Entertainment–2.43%** |
| Electronic Arts, Inc. | 46235 | &nbsp;&nbsp; 9325600 |
| **Interactive Media & Services–1.05%** | **Interactive Media & Services–1.05%** | **Interactive Media & Services–1.05%** |
| Match Group, Inc. | 114174 | &nbsp;&nbsp; 4032626 |
| **Investment Banking & Brokerage–0.67%** | **Investment Banking & Brokerage–0.67%** | **Investment Banking & Brokerage–0.67%** |
| Goldman Sachs Group, Inc. (The) | 3227 | &nbsp;&nbsp; 2569821 |
| **Life & Health Insurance–2.54%** | **Life & Health Insurance–2.54%** | **Life & Health Insurance–2.54%** |
| Globe Life, Inc. | 68191 | &nbsp;&nbsp; 9749267 |
| **Life Sciences Tools & Services–2.41%** | **Life Sciences Tools & Services–2.41%** | **Life Sciences Tools & Services–2.41%** |
| Avantor, Inc.<sup>(b)(c)</sup>  | 337662 | &nbsp;&nbsp; 4214022 |
| ICON PLC<sup>(c)</sup>  | 28704 | &nbsp;&nbsp; 5023200 |
|  |  | &nbsp;&nbsp; 9237222 |
| **Metal, Glass & Plastic Containers–1.21%** | **Metal, Glass & Plastic Containers–1.21%** | **Metal, Glass & Plastic Containers–1.21%** |
| Crown Holdings, Inc.<sup>(b)</sup>  | 47909 | &nbsp;&nbsp; 4627530 |
| **Oil & Gas Exploration & Production–5.09%** | **Oil & Gas Exploration & Production–5.09%** | **Oil & Gas Exploration & Production–5.09%** |
| Antero Resources Corp.<sup>(c)</sup>  | 80586 | &nbsp;&nbsp; 2704466 |
| ARC Resources Ltd. (Canada) | 160780 | &nbsp;&nbsp; 2932095 |
| EQT Corp.<sup>(b)</sup>  | 111935 | &nbsp;&nbsp; 6092622 |
| Expand Energy Corp. | 41412 | &nbsp;&nbsp; 4399611 |
| Range Resources Corp. | 89739 | &nbsp;&nbsp; 3377776 |
|  |  | &nbsp;&nbsp; 19506570 |
| **Oil & Gas Refining & Marketing–1.64%** | **Oil & Gas Refining & Marketing–1.64%** | **Oil & Gas Refining & Marketing–1.64%** |
| Phillips 66 Co. | 46117 | &nbsp;&nbsp; 6272834 |

---

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

**Invesco V.I. American Value Fund**

------

---

| | | |
|:---|:---|:---|
| **Shares** | **Shares** | **Value** |
| **Paper & Plastic Packaging Products & Materials–1.12%** | **Paper & Plastic Packaging Products & Materials–1.12%** | **Paper & Plastic Packaging Products & Materials–1.12%** |
| Sealed Air Corp.<sup>(b)</sup>  | 121121 | &nbsp;&nbsp; $4281627 |
| **Regional Banks–8.75%** | **Regional Banks–8.75%** | **Regional Banks–8.75%** |
| Citizens Financial Group, Inc. | 107014 | &nbsp;&nbsp; 5688864 |
| Huntington Bancshares, Inc. | 528904 | &nbsp;&nbsp; 9134172 |
| Pinnacle Financial Partners, Inc. | 50607 | &nbsp;&nbsp; 4746431 |
| Webster Financial Corp. | 88807 | &nbsp;&nbsp; 5278688 |
| Western Alliance Bancorporation | 100257 | &nbsp;&nbsp; 8694287 |
|  |  | &nbsp;&nbsp; 33542442 |
| **Research & Consulting Services–4.10%** | **Research & Consulting Services–4.10%** | **Research & Consulting Services–4.10%** |
| Amentum Holdings, Inc.<sup>(b)(c)</sup>  | 157981 | &nbsp;&nbsp; 3783645 |
| Jacobs Solutions, Inc. | 39035 | &nbsp;&nbsp; 5849785 |
| KBR, Inc. | 128545 | &nbsp;&nbsp; 6078893 |
|  |  | &nbsp;&nbsp; 15712323 |
| **Semiconductor Materials & Equipment–3.52%** | **Semiconductor Materials & Equipment–3.52%** | **Semiconductor Materials & Equipment–3.52%** |
| Entegris, Inc.<sup>(b)</sup>  | 78217 | &nbsp;&nbsp; 7231944 |
| MKS, Inc.<sup>(b)</sup>  | 50526 | &nbsp;&nbsp; 6253603 |
|  |  | &nbsp;&nbsp; 13485547 |
| **Semiconductors–6.18%** | **Semiconductors–6.18%** | **Semiconductors–6.18%** |
| Marvell Technology, Inc. | 94773 | &nbsp;&nbsp; 7967566 |
| Microchip Technology, Inc. | 86995 | &nbsp;&nbsp; 5586819 |
| Rambus, Inc.<sup>(c)</sup>  | 58668 | &nbsp;&nbsp; 6113206 |
| &nbsp;&nbsp;&nbsp; STMicroelectronics N.V., New York Shares <br> (France) | 142874 | &nbsp;&nbsp; 4037619 |
|  |  | &nbsp;&nbsp; 23705210 |
| **Silver–1.45%** | **Silver–1.45%** | **Silver–1.45%** |
| Pan American Silver Corp. (Canada)<sup>(b)</sup>  | 143447 | &nbsp;&nbsp; 5555702 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | **Shares** | **Shares** | **Value** |
| **Trading Companies & Distributors–1.65%** | **Trading Companies & Distributors–1.65%** | **Trading Companies & Distributors–1.65%** | **Trading Companies & Distributors–1.65%** |
| WESCO International, Inc.<sup>(b)</sup>  | WESCO International, Inc.<sup>(b)</sup>  | 29863 | &nbsp;&nbsp; $6316025 |
| **Transaction & Payment Processing Services–2.41%** | **Transaction & Payment Processing Services–2.41%** | **Transaction & Payment Processing Services–2.41%** | **Transaction & Payment Processing Services–2.41%** |
| Fidelity National Information Services, Inc. | Fidelity National Information Services, Inc. | 140387 | &nbsp;&nbsp; 9257119 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks & Other Equity Interests <br> (Cost $262,943,864) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks & Other Equity Interests <br> (Cost $262,943,864) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks & Other Equity Interests <br> (Cost $262,943,864) | &nbsp;&nbsp; 363806067 |
| **Money Market Funds–4.98%** | **Money Market Funds–4.98%** | **Money Market Funds–4.98%** | **Money Market Funds–4.98%** |
| &nbsp;&nbsp;&nbsp; Invesco Government & Agency Portfolio, <br> Institutional Class, 4.05%<sup>(d)(e)</sup>  | &nbsp;&nbsp;&nbsp; Invesco Government & Agency Portfolio, <br> Institutional Class, 4.05%<sup>(d)(e)</sup>  | 6668744 | &nbsp;&nbsp; 6668744 |
| &nbsp;&nbsp;&nbsp; Invesco Treasury Portfolio, Institutional <br> Class, 3.99%<sup>(d)(e)</sup>  | &nbsp;&nbsp;&nbsp; Invesco Treasury Portfolio, Institutional <br> Class, 3.99%<sup>(d)(e)</sup>  | 12428235 | &nbsp;&nbsp; 12428235 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Money Market Funds (Cost $19,096,979) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Money Market Funds (Cost $19,096,979) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Money Market Funds (Cost $19,096,979) | &nbsp;&nbsp; 19096979 |
| &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES <br> (excluding investments purchased <br> with cash collateral from securities <br> on loan)-99.88% <br> (Cost $282,040,843)<br>|  |  | &nbsp;&nbsp; 382903046 |
| **Investments Purchased with Cash Collateral from** <br> **Securities on Loan** | **Investments Purchased with Cash Collateral from** <br> **Securities on Loan** | **Investments Purchased with Cash Collateral from** <br> **Securities on Loan** | **Investments Purchased with Cash Collateral from** <br> **Securities on Loan** |
| **Money Market Funds–13.59%** | **Money Market Funds–13.59%** | **Money Market Funds–13.59%** | **Money Market Funds–13.59%** |
| &nbsp;&nbsp;&nbsp; Invesco Private Government Fund, <br> 4.14%<sup>(d)(e)(f)</sup>  | &nbsp;&nbsp;&nbsp; Invesco Private Government Fund, <br> 4.14%<sup>(d)(e)(f)</sup>  | 14445197 | &nbsp;&nbsp; 14445197 |
| Invesco Private Prime Fund, 4.26%<sup>(d)(e)(f)</sup>  | Invesco Private Prime Fund, 4.26%<sup>(d)(e)(f)</sup>  | 37612059 | &nbsp;&nbsp; 37623343 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investments Purchased with Cash Collateral <br> from Securities on Loan (Cost $52,068,540) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investments Purchased with Cash Collateral <br> from Securities on Loan (Cost $52,068,540) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investments Purchased with Cash Collateral <br> from Securities on Loan (Cost $52,068,540) | &nbsp;&nbsp; 52068540 |
| &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES–113.47% <br> (Cost $334,109,383) | &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES–113.47% <br> (Cost $334,109,383) | &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES–113.47% <br> (Cost $334,109,383) | &nbsp;&nbsp; 434971586 |
| OTHER ASSETS LESS LIABILITIES—(13.47)% | OTHER ASSETS LESS LIABILITIES—(13.47)% | OTHER ASSETS LESS LIABILITIES—(13.47)% | &nbsp;&nbsp; (51624228)<br>|
| NET ASSETS–100.00% | NET ASSETS–100.00% | NET ASSETS–100.00% | &nbsp;&nbsp; $383347358 |

---

Notes to Schedule of Investments:

<sup>(a)</sup> Industry and/or sector classifications used in this report are generally according to the Global Industry Classification Standard, which was developed by and is the exclusive property and a service mark of MSCI Inc. and Standard & Poor's. 

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

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

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

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

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Value** <br>**December 31, 2024**<br>| **Purchases** <br>**at Cost**<br>| **Proceeds** <br>**from Sales**<br>| **Change in** <br>**Unrealized** <br>**Appreciation**<br>| **Realized** <br>**Gain** <br>**(Loss)**<br>| **Value** <br>**September 30, 2025**<br>| **Dividend Income** |
| **Investments in Affiliated Money Market** <br> **Funds:**<br>|  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Invesco Government & Agency Portfolio, <br> Institutional Class<br>| $3326802 | &nbsp;&nbsp; $40047307 | &nbsp;&nbsp; $(36705365) | &nbsp;&nbsp; $- | &nbsp;&nbsp; $- | &nbsp;&nbsp; $6668744 | &nbsp;&nbsp; $136300 |
| Invesco Treasury Portfolio, Institutional Class | &nbsp;&nbsp;&nbsp; 6221772 | &nbsp;&nbsp;&nbsp; 74373570 | &nbsp;&nbsp;&nbsp; (68167107) | &nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp; 12428235 | &nbsp;&nbsp;&nbsp;&nbsp; 252486 |
| **Investments Purchased with Cash Collateral** <br> **from Securities on Loan:**<br>|  |  |  |  |  |  |  |
| Invesco Private Government Fund | &nbsp;&nbsp; 10563982 | &nbsp;&nbsp; 208842415 | &nbsp;&nbsp; (204961200) | &nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp; 14445197 | &nbsp;&nbsp;&nbsp;&nbsp; 393,425\* |
| Invesco Private Prime Fund | &nbsp;&nbsp; 27549425 | &nbsp;&nbsp; 423348883 | &nbsp;&nbsp; (413274510) | &nbsp;&nbsp; - | &nbsp;&nbsp; (455) | &nbsp;&nbsp; 37623343 | &nbsp;&nbsp; 1,060,528\* |
| Total | $47661981 | &nbsp;&nbsp; $746612175 | &nbsp;&nbsp; $(723108182) | &nbsp;&nbsp; $- | &nbsp;&nbsp; $(455) | &nbsp;&nbsp; $71165519 | &nbsp;&nbsp; $1842739 |

---

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

\* Represents the income earned on the investment of cash collateral. Does not include rebates and fees paid to lending agent or premiums received from borrowers, if any.

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

<sup>(e)</sup> The rate shown is the 7-day SEC standardized yield as of September 30, 2025. <br> <sup>(f)</sup> The security has been segregated to satisfy the commitment to return the cash collateral received in securities lending transactions upon the borrower's return of the securities loaned.

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

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

**Invesco V.I. American Value Fund**

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Open Forward Foreign Currency Contracts** | **Open Forward Foreign Currency Contracts** | **Open Forward Foreign Currency Contracts** | **Open Forward Foreign Currency Contracts** | **Open Forward Foreign Currency Contracts** | **Open Forward Foreign Currency Contracts** | **Open Forward Foreign Currency Contracts** |
| **Settlement** <br>**Date** | **Counterparty** | **Contract to** | **Contract to** | **Contract to** | **Contract to** | &nbsp;&nbsp; **Unrealized** <br>**Appreciation** <br>&nbsp;&nbsp;&nbsp;&nbsp;**(Depreciation)** |
| **Settlement** <br>**Date** | **Counterparty** | **Deliver** | **Deliver** | **Receive** | **Receive** | &nbsp;&nbsp; **Unrealized** <br>**Appreciation** <br>&nbsp;&nbsp;&nbsp;&nbsp;**(Depreciation)** |
| **Currency Risk** |  |  |  |  |  |  |
| 10/08/2025 | Barclays Bank PLC | GBP | 23546 | USD | 32030 | &nbsp;&nbsp;&nbsp; $362 |
| 10/08/2025 | Barclays Bank PLC | USD | 24223 | EUR | 20635 | &nbsp;&nbsp;&nbsp; 12 |
| 10/08/2025 | J.P. Morgan Chase Bank, N.A. | GBP | 18909 | USD | 25577 | &nbsp;&nbsp;&nbsp; 145 |
| 10/08/2025 | Merrill Lynch International | GBP | 137277 | USD | 185776 | &nbsp;&nbsp;&nbsp; 1145 |
| 10/08/2025 | Royal Bank of Canada | EUR | 36861 | USD | 43559 | &nbsp;&nbsp;&nbsp; 268 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Subtotal—Appreciation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Subtotal—Appreciation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Subtotal—Appreciation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Subtotal—Appreciation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Subtotal—Appreciation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Subtotal—Appreciation | &nbsp;&nbsp;&nbsp; 1932 |
| **Currency Risk** |  |  |  |  |  |  |
| 10/08/2025 | Barclays Bank PLC | EUR | 15240 | USD | 17870 | &nbsp;&nbsp;&nbsp; (30)<br>|
| 10/08/2025 | Deutsche Bank AG | GBP | 1334579 | USD | 1791974 | &nbsp;&nbsp;&nbsp; (2966)<br>|
| 10/08/2025 | Goldman Sachs International | EUR | 20129 | USD | 23591 | &nbsp;&nbsp;&nbsp; (50)<br>|
| 10/08/2025 | Goldman Sachs International | GBP | 31037 | USD | 41705 | &nbsp;&nbsp;&nbsp; (38)<br>|
| 10/08/2025 | Royal Bank of Canada | EUR | 1202534 | USD | 1402437 | &nbsp;&nbsp;&nbsp; (9919)<br>|
| 10/08/2025 | Royal Bank of Canada | GBP | 76225 | USD | 102191 | &nbsp;&nbsp;&nbsp; (327)<br>|
| 10/08/2025 | State Street Bank & Trust Co. | USD | 52214 | GBP | 38575 | &nbsp;&nbsp;&nbsp; (333)<br>|
| 10/08/2025 | UBS AG | USD | 24238 | EUR | 20635 | &nbsp;&nbsp;&nbsp; (3)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Subtotal—Depreciation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Subtotal—Depreciation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Subtotal—Depreciation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Subtotal—Depreciation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Subtotal—Depreciation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Subtotal—Depreciation | &nbsp;&nbsp;&nbsp; (13666)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Forward Foreign Currency Contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Forward Foreign Currency Contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Forward Foreign Currency Contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Forward Foreign Currency Contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Forward Foreign Currency Contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Forward Foreign Currency Contracts | &nbsp;&nbsp;&nbsp; $(11734)<br>|

---

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

---

| | |
|:---|:---|
| Abbreviations: | Abbreviations: |
| EUR | – Euro |
| GBP | – British Pound Sterling |
| 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 schedule.

**Invesco V.I. American Value Fund**

------

**Notes to Quarterly Schedule of Portfolio Holdings**

*September 30, 2025*

*(Unaudited)*

**NOTE 1—Additional Valuation Information**

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

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

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

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

The following is a summary of the tiered valuation input levels, as of September 30, 2025. The level assigned to the securities valuations may not be an indication of the risk or liquidity associated with investing in those securities. Because of the inherent uncertainties of valuation, the values reflected in the financial statements may materially differ from the value received upon actual sale of those investments.

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Level 1** | **Level 2** | **Level 3** | **Total** |
| <br>**Investments in Securities** |  |  |  |  |
| Common Stocks & Other Equity Interests | &nbsp;&nbsp;&nbsp;&nbsp; $360036125 | &nbsp;&nbsp;&nbsp;&nbsp; $3769942 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $363806067 |
| Money Market Funds | &nbsp;&nbsp;&nbsp;&nbsp; 19096979 | &nbsp;&nbsp;&nbsp;&nbsp; 52068540 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 71165519 |
| **Total Investments in Securities** | &nbsp;&nbsp;&nbsp;&nbsp; 379133104 | &nbsp;&nbsp;&nbsp;&nbsp; 55838482 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 434971586 |
| **Other Investments - Assets\*** |  |  |  |  |
| Forward Foreign Currency Contracts | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1932 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1932 |
| **Other Investments - Liabilities\*** |  |  |  |  |
| Forward Foreign Currency Contracts | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (13666)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (13666)<br>|
| **Total Other Investments** | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (11734)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (11734)<br>|
| **Total Investments** | &nbsp;&nbsp;&nbsp;&nbsp; $379133104 | &nbsp;&nbsp;&nbsp;&nbsp; $55826748 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $434959852 |

---

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

\* Unrealized appreciation (depreciation).

**Invesco V.I. American Value 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. American Value Fund

- **b. EDGAR series identifier (if any):** S000027881

- **c. LEI of Series:** 549300DAI1LZD3GVM179

**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:** $435489605.88

**Total Liabilities:** $52366027.43

**Net Assets:** $383123578.45

**Cash Not Reported:** $4146.03

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000084659 | 0.93%                | 3.79%                | 5.06%                |
| Class ID C000084660 | 0.89%                | 3.76%                | 5.06%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-2347209.85             | $5843212.10                                |
| Month 2  | $9760523.94              | $3727386.14                                |
| Month 3  | $1321488.91              | $16866612.98                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Medtronic PLC                                      | Medtronic PLC                                              | CUSIP: G5960L103<br>LEI: 549300GX3ZBSQWUXY261 | Long             | EC               | CORP              | IE        |     64856 | NS      | $6176885.44   | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Teck Resources Ltd.                                | Teck Resources Ltd., Class B                               | CUSIP: 878742204<br>LEI: T8KI5SQ2JRWHL7XY0E11 | Long             | EC               | CORP              | CA        |     88026 | NS      | $3863461.14   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Antero Resources Corp.                             | Antero Resources Corp.                                     | CUSIP: 03674X106<br>LEI: APVBKPOULHUX7YZLKU17 | Long             | EC               | CORP              | US        |     80586 | NS      | $2704466.16   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Huntington Bancshares Inc.                         | Huntington Bancshares Inc.                                 | CUSIP: 446150104<br>LEI: 549300XTVCVV9I7B5T19 | Long             | EC               | CORP              | US        |    528904 | NS      | $9134172.08   | 2.38%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                | Forward Foreign Currency Contract                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-100.72      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Avantor, Inc.                                      | Avantor, Inc.                                              | CUSIP: 05352A100<br>LEI: 5493003VM0XB4U8YD238 | Long             | EC               | CORP              | US        |    337662 | NS      | $4214021.76   | 1.10%             |  |  |  | No            |                  1 | On Loan: —       |
| Willis Towers Watson PLC                           | Willis Towers Watson PLC                                   | CUSIP: G96629103<br>LEI: 549300WHC56FF48KL350 | Long             | EC               | CORP              | IE        |     18122 | NS      | $6260244.90   | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Icon PLC                                           | Icon PLC                                                   | CUSIP: G4705A100<br>LEI: 6354008SRQGEMC4XFI67 | Long             | EC               | CORP              | IE        |     28704 | NS      | $5023200.00   | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Agnico Eagle Mines Ltd./Mines Agnico Eagle Limitee | Agnico Eagle Mines Ltd./Mines Agnico Eagle Limitee         | CUSIP: 008474108<br>LEI: 254900BFJ2DOHPMEXN45 | Long             | EC               | CORP              | CA        |     49191 | NS      | $8291634.96   | 2.16%             |  |  |  | No            |                  1 | On Loan: No      |
| STMicroelectronics N.V.                            | STMicroelectronics N.V., New York Shares                   | CUSIP: 861012102<br>LEI: 213800Z8NOHIKRI42W10 | Long             | EC               | CORP              | NL        |    142874 | NS      | $4037619.24   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Regal Rexnord Corp.                                | Regal Rexnord Corp.                                        | CUSIP: 758750103<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | EC               | CORP              | US        |     32341 | NS      | $4638993.04   | 1.21%             |  |  |  | No            |                  1 | On Loan: —       |
| Mosaic Co. (The)                                   | Mosaic Co. (The)                                           | CUSIP: 61945C103<br>LEI: 2YD5STGSJNMUB7H76907 | Long             | EC               | CORP              | US        |     67088 | NS      | $2326611.84   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                | Forward Foreign Currency Contract                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-38.32       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| AGCO Corp.                                         | AGCO Corp.                                                 | CUSIP: 001084102<br>LEI: LYOM0B2GCF1JWXK5ZG04 | Long             | EC               | CORP              | US        |     41444 | NS      | $4437409.08   | 1.16%             |  |  |  | No            |                  1 | On Loan: —       |
| N/A                                                | Forward Foreign Currency Contract                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-3.02        | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Travel + Leisure Co.                               | Travel + Leisure Co.                                       | CUSIP: 894164102<br>LEI: T4VNTWMFQ7JQB65L7T35 | Long             | EC               | CORP              | US        |     31392 | NS      | $1867510.08   | 0.49%             |  |  |  | No            |                  1 | On Loan: —       |
| Expand Energy Corp.                                | Expand Energy Corp.                                        | CUSIP: 165167735<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | EC               | CORP              | US        |     41412 | NS      | $4399610.88   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Treasury Portfolio                         | Invesco Treasury Portfolio, Institutional Class            | CUSIP: 825252406<br>LEI: 5493004B3TM8ZIDDDC39 | Long             | STIV             | RF                | US        |  12428235 | NS      | $12428234.91  | 3.24%             |  |  |  | No            |                  1 | On Loan: No      |
| EQT Corp.                                          | EQT Corp.                                                  | CUSIP: 26884L109<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | EC               | CORP              | US        |    111935 | NS      | $6092622.05   | 1.59%             |  |  |  | No            |                  1 | On Loan: —       |
| Crown Holdings, Inc.                               | Crown Holdings, Inc.                                       | CUSIP: 228368106<br>LEI: NYLWZIOY8PUNIT4JOE22 | Long             | EC               | CORP              | US        |     47909 | NS      | $4627530.31   | 1.21%             |  |  |  | No            |                  1 | On Loan: —       |
| Pan American Silver Corp.                          | Pan American Silver Corp.                                  | CUSIP: 697900108<br>LEI: 549300MKTF5851TYIB83 | Long             | EC               | CORP              | CA        |    143447 | NS      | $5555702.31   | 1.45%             |  |  |  | No            |                  1 | On Loan: —       |
| WESCO International, Inc.                          | WESCO International, Inc.                                  | CUSIP: 95082P105<br>LEI: 529900TXOGREY3WNJ434 | Long             | EC               | CORP              | US        |     29863 | NS      | $6316024.50   | 1.65%             |  |  |  | No            |                  1 | On Loan: —       |
| Cameco Corp.                                       | Cameco Corp.                                               | CUSIP: 13321L108<br>LEI: N4BHALMXL3GMZKCUON55 | Long             | EC               | CORP              | CA        |     51468 | NS      | $4316106.48   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Corteva, Inc.                                      | Corteva, Inc.                                              | CUSIP: 22052L104<br>LEI: 549300WZN9I2QKLS0O94 | Long             | EC               | CORP              | US        |     60341 | NS      | $4080861.83   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Amentum Holdings, Inc.                             | Amentum Holdings, Inc.                                     | CUSIP: 023939101<br>LEI: 2549009FJIBLW40CU216 | Long             | EC               | CORP              | US        |    157981 | NS      | $3783644.95   | 0.99%             |  |  |  | No            |                  1 | On Loan: —       |
| Generac Holdings Inc.                              | Generac Holdings Inc.                                      | CUSIP: 368736104<br>LEI: 529900S2H2AHJHSFFI84 | Long             | EC               | CORP              | US        |     13831 | NS      | $2315309.40   | 0.60%             |  |  |  | No            |                  1 | On Loan: —       |
| U.S. Bancorp                                       | U.S. Bancorp                                               | CUSIP: 902973304<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EC               | CORP              | US        |    149219 | NS      | $7211754.27   | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Rambus Inc.                                        | Rambus Inc.                                                | CUSIP: 750917106<br>LEI: 2549000211GDCQSLV833 | Long             | EC               | CORP              | US        |     58668 | NS      | $6113205.60   | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Performance Food Group Co.                         | Performance Food Group Co.                                 | CUSIP: 71377A103<br>LEI: 549300EUK8GR9IT1YK57 | Long             | EC               | CORP              | US        |     31773 | NS      | $3305662.92   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Anglo American PLC                                 | Anglo American PLC                                         | CUSIP: N/A<br>LEI: 549300S9XF92D1X8ME43       | Long             | EC               | CORP              | GB        |     59686 | NS      | $2250597.92   | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| Phillips 66                                        | Phillips 66                                                | CUSIP: 718546104<br>LEI: 5493005JBO5YSIGK1814 | Long             | EC               | CORP              | US        |     46117 | NS      | $6272834.34   | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| AppLovin Corp.                                     | AppLovin Corp., Class A                                    | CUSIP: 03831W108<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | EC               | CORP              | US        |     14342 | NS      | $10305300.68  | 2.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Saia, Inc.                                         | Saia, Inc.                                                 | CUSIP: 78709Y105<br>LEI: 549300WNPG4N9GBOYB29 | Long             | EC               | CORP              | US        |     18273 | NS      | $5470205.28   | 1.43%             |  |  |  | No            |                  1 | On Loan: —       |
| Webster Financial Corp.                            | Webster Financial Corp.                                    | CUSIP: 947890109<br>LEI: KMRURHT0VWKYS6Z5KU67 | Long             | EC               | CORP              | US        |     88807 | NS      | $5278688.08   | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                | Forward Foreign Currency Contract                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $361.69       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                | Forward Foreign Currency Contract                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $149.52       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| KBR, Inc.                                          | KBR, Inc.                                                  | CUSIP: 48242W106<br>LEI: 254900OFQDXZRKRCV808 | Long             | EC               | CORP              | US        |    128545 | NS      | $6078893.05   | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmont Corp.                                      | Newmont Corp.                                              | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |    159051 | NS      | $13409589.81  | 3.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertiv Holdings Co.                                | Vertiv Holdings Co., Class A                               | CUSIP: 92537N108<br>LEI: 549300KTTIRAOGXCRV69 | Long             | EC               | CORP              | US        |     56213 | NS      | $8480293.18   | 2.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Coherent Corp.                                     | Coherent Corp.                                             | CUSIP: 19247G107<br>LEI: 549300O5C25A0MMHHU33 | Long             | EC               | CORP              | US        |    116489 | NS      | $12548195.08  | 3.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Jacobs Solutions Inc.                              | Jacobs Solutions Inc.                                      | CUSIP: 46982L108<br>LEI: 549300CZ8QS1GE53O776 | Long             | EC               | CORP              | US        |     39035 | NS      | $5849785.10   | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                | Forward Foreign Currency Contract                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-50.48       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                | Forward Foreign Currency Contract                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-29.76       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                | Forward Foreign Currency Contract                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $117.60       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                | Forward Foreign Currency Contract                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-231.78      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Expedia Group, Inc.                                | Expedia Group, Inc.                                        | CUSIP: 30212P303<br>LEI: CI7MUJI4USF3V0NJ1H64 | Long             | EC               | CORP              | US        |     39834 | NS      | $8514517.50   | 2.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)                    | Goldman Sachs Group, Inc. (The)                            | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |      3227 | NS      | $2569821.45   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| MasTec, Inc.                                       | MasTec, Inc.                                               | CUSIP: 576323109<br>LEI: 549300TMDIT8WREDOF45 | Long             | EC               | CORP              | US        |     12452 | NS      | $2649910.12   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| NRG Energy, Inc.                                   | NRG Energy, Inc.                                           | CUSIP: 629377508<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | EC               | CORP              | US        |     54353 | NS      | $8802468.35   | 2.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Electronic Arts Inc.                               | Electronic Arts Inc.                                       | CUSIP: 285512109<br>LEI: 549300O7A67PUEYKDL45 | Long             | EC               | CORP              | US        |     46235 | NS      | $9325599.50   | 2.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Globe Life Inc.                                    | Globe Life Inc.                                            | CUSIP: 37959E102<br>LEI: 5493001JFHKQOPP6XA71 | Long             | EC               | CORP              | US        |     68191 | NS      | $9749267.27   | 2.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Entegris, Inc.                                     | Entegris, Inc.                                             | CUSIP: 29362U104<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | EC               | CORP              | US        |     78217 | NS      | $7231943.82   | 1.89%             |  |  |  | No            |                  1 | On Loan: —       |
| Hologic, Inc.                                      | Hologic, Inc.                                              | CUSIP: 436440101<br>LEI: 549300DYP6F5ZJL0LB74 | Long             | EC               | CORP              | US        |    110702 | NS      | $7471277.98   | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                | Forward Foreign Currency Contract                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $12.48        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                | Forward Foreign Currency Contract                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $99.74        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Freeport-McMoRan Inc.                              | Freeport-McMoRan Inc.                                      | CUSIP: 35671D857<br>LEI: 549300IRDTHJQ1PVET45 | Long             | EC               | CORP              | US        |    192073 | NS      | $7533103.06   | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Chart Industries, Inc.                             | Chart Industries, Inc.                                     | CUSIP: 16115Q308<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | EC               | CORP              | US        |     33981 | NS      | $6801297.15   | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                | Forward Foreign Currency Contract                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-9919.09     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Range Resources Corp.                              | Range Resources Corp.                                      | CUSIP: 75281A109<br>LEI: H3Y3WLYCX0BTO1TRW162 | Long             | EC               | CORP              | US        |     89739 | NS      | $3377775.96   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Private Prime Fund                         | Invesco Private Prime Fund                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | PF                | US        |  37623343 | NS      | $37623342.62  | 9.82%             |  |  |  | No            |                  2 | On Loan: No      |
| Western Alliance Bancorporation                    | Western Alliance Bancorporation                            | CUSIP: 957638109<br>LEI: 5493003VJXZ5JXT9S762 | Long             | EC               | CORP              | US        |    100257 | NS      | $8694287.04   | 2.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity National Information Services, Inc.       | Fidelity National Information Services, Inc.               | CUSIP: 31620M106<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | EC               | CORP              | US        |    140387 | NS      | $9257118.78   | 2.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Microchip Technology Inc.                          | Microchip Technology Inc.                                  | CUSIP: 595017104<br>LEI: 5493007PTFULNYZJ1R12 | Long             | EC               | CORP              | US        |     86995 | NS      | $5586818.90   | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Oshkosh Corp.                                      | Oshkosh Corp.                                              | CUSIP: 688239201<br>LEI: 549300FEKNPCFSA2B506 | Long             | EC               | CORP              | US        |     33571 | NS      | $4354158.70   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Fifth Third Bancorp                                | Fifth Third Bancorp                                        | CUSIP: 316773100<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | EC               | CORP              | US        |     81246 | NS      | $3619509.30   | 0.94%             |  |  |  | No            |                  1 | On Loan: —       |
| N/A                                                | Forward Foreign Currency Contract                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-2965.60     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| AECOM                                              | AECOM                                                      | CUSIP: 00766T100<br>LEI: 0EEB8GF0W0NPCIHZX097 | Long             | EC               | CORP              | US        |     66154 | NS      | $8631112.38   | 2.25%             |  |  |  | No            |                  1 | On Loan: —       |
| N/A                                                | Forward Foreign Currency Contract                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-327.42      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                | Forward Foreign Currency Contract                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $1045.32      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Invesco Government & Agency Portfolio              | Invesco Government & Agency Portfolio, Institutional Class | CUSIP: 825252885<br>LEI: 5493007T1J7WZ5QI1A47 | Long             | STIV             | RF                | US        |   6668744 | NS      | $6668744.05   | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                | Forward Foreign Currency Contract                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $145.41       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Invesco Private Government Fund                    | Invesco Private Government Fund                            | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | PF                | US        |  14445197 | NS      | $14445197.07  | 3.77%             |  |  |  | No            |                  2 | On Loan: No      |
| Fresenius Medical Care AG                          | Fresenius Medical Care AG                                  | CUSIP: N/A<br>LEI: 549300CP8NY40UP89Q40       | Long             | EC               | CORP              | DE        |     28755 | NS      | $1519344.36   | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| ARC Resources Ltd.                                 | ARC Resources Ltd.                                         | CUSIP: 00208D408<br>LEI: 5493000OCGNQZEVTDT08 | Long             | EC               | CORP              | CA        |    160780 | NS      | $2932094.85   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Middleby Corp. (The)                               | Middleby Corp. (The)                                       | CUSIP: 596278101<br>LEI: JDFO86U9VQRBKW5KYA35 | Long             | EC               | CORP              | US        |     26217 | NS      | $3485025.81   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Huntsman Corp.                                     | Huntsman Corp.                                             | CUSIP: 447011107<br>LEI: 5299000V56320A7RIQ67 | Long             | EC               | CORP              | US        |    163290 | NS      | $1466344.20   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Pinnacle Financial Partners, Inc.                  | Pinnacle Financial Partners, Inc.                          | CUSIP: 72346Q104<br>LEI: 54930098EZ8JMSAZGS24 | Long             | EC               | CORP              | US        |     50607 | NS      | $4746430.53   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| MKS Inc.                                           | MKS Inc.                                                   | CUSIP: 55306N104<br>LEI: 549300KEQATBHAGVF505 | Long             | EC               | CORP              | US        |     50526 | NS      | $6253603.02   | 1.63%             |  |  |  | No            |                  1 | On Loan: —       |
| Marvell Technology, Inc.                           | Marvell Technology, Inc.                                   | CUSIP: 573874104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     94773 | NS      | $7967566.11   | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Citizens Financial Group, Inc.                     | Citizens Financial Group, Inc.                             | CUSIP: 174610105<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | EC               | CORP              | US        |    107014 | NS      | $5688864.24   | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Cenovus Energy Inc.                                | Cenovus Energy Inc.                                        | CUSIP: 15135U109<br>LEI: 549300F4XPHJ7NOSP309 | Long             | EC               | CORP              | CA        |    136460 | NS      | $2318455.40   | 0.61%             |  |  |  | No            |                  1 | On Loan: —       |
| Lumentum Holdings Inc.                             | Lumentum Holdings Inc.                                     | CUSIP: 55024U109<br>LEI: 549300JLWRRC38DWEF52 | Long             | EC               | CORP              | US        |     12529 | NS      | $2038593.59   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Zimmer Biomet Holdings, Inc.                       | Zimmer Biomet Holdings, Inc.                               | CUSIP: 98956P102<br>LEI: 2P2YLDVPES3BXQ1FRB91 | Long             | EC               | CORP              | US        |     59562 | NS      | $5866857.00   | 1.53%             |  |  |  | No            |                  1 | On Loan: —       |
| Sealed Air Corp.                                   | Sealed Air Corp.                                           | CUSIP: 81211K100<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | EC               | CORP              | US        |    121121 | NS      | $4281627.35   | 1.12%             |  |  |  | No            |                  1 | On Loan: —       |
| Match Group, Inc.                                  | Match Group, Inc.                                          | CUSIP: 57667L107<br>LEI: 15OMOPB0A8K0EFUVD031 | Long             | EC               | CORP              | US        |    114174 | NS      | $4032625.68   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

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

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

**Signature:** Adrien Deberghes

**Name of Signer:** Adrien Deberghes

**Title:** Principal Financial Officer and Treasurer