# EDGAR Filing Document

**Accession Number:** 0000896435
**File Stem:** 0000896435-26-000376
**Filing Date:** 2026-6
**Character Count:** 119313
**Document Hash:** 6d1dd7677935e5107950fb3b2da0c861
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000896435-26-000376.hdr.sgml**: 20260601

**ACCESSION NUMBER**: 0000896435-26-000376

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260601

**DATE AS OF CHANGE**: 20260601

**PERIOD START**: 20261231

**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:** 261047173

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

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

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

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

## Series and Classes Contracts Data

### Invesco V.I. Balanced-Risk Allocation Fund (Series ID: S000030663)

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

## Nport-Ex

**Consolidated Schedule of Investments**

*March 31, 2026*

*(Unaudited)* 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **U.S. Treasury Securities–2.10%** | **U.S. Treasury Securities–2.10%** | **U.S. Treasury Securities–2.10%** | **U.S. Treasury Securities–2.10%** |  |  |
| **U.S. Treasury Floating Rate Notes–2.10%** | **U.S. Treasury Floating Rate Notes–2.10%** | **U.S. Treasury Floating Rate Notes–2.10%** | **U.S. Treasury Floating Rate Notes–2.10%** | **U.S. Treasury Floating Rate Notes–2.10%** | **U.S. Treasury Floating Rate Notes–2.10%** |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Floating Rate Notes (3 mo. U.S. Treasury Bill Money Market Yield Rate + 0.18%) <br> (Cost $8,950,000)<sup>(a)</sup> <br>| 3.84% | 07/31/2026 |  | $8950 | &nbsp;&nbsp; $8954459 |
|  |  |  | **Shares** | **Shares** |  |
| **Money Market Funds–86.80%** | **Money Market Funds–86.80%** | **Money Market Funds–86.80%** | **Money Market Funds–86.80%** | **Money Market Funds–86.80%** | **Money Market Funds–86.80%** |
| Invesco Government & Agency Portfolio, Institutional Class, 3.58%<sup>(b)(c)</sup> <br>|  |  |  | 103669139 | &nbsp;&nbsp; 103669139 |
| Invesco Government Money Market Fund, Cash Reserve Shares, 3.50%<sup>(b)(c)</sup> <br>|  |  |  | 58131044 | &nbsp;&nbsp; 58131044 |
| Invesco Premier U.S. Government Money Portfolio, Institutional Class, 3.56%<sup>(b)(c)</sup> <br>|  |  |  | 54998477 | &nbsp;&nbsp; 54998477 |
| Invesco Liquidity Funds PLC, Invesco US Dollar Liquidity Portfolio (Ireland), Agency Class, 3.84%<sup>(b)(c)</sup> <br>|  |  |  | 31647608 | &nbsp;&nbsp; 31647608 |
| Invesco Treasury Obligations Portfolio, Institutional Class, 3.55%<sup>(b)(c)</sup> <br>|  |  |  | 61730465 | &nbsp;&nbsp; 61730465 |
| Invesco Treasury Portfolio, Institutional Class, 3.56%<sup>(b)(c)</sup> <br>|  |  |  | 51022290 | &nbsp;&nbsp; 51022290 |
| Invesco V.I. Government Money Market Fund, Series I, 3.39%<sup>(b)(c)</sup> <br>|  |  |  | 9240310 | &nbsp;&nbsp; 9240310 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Money Market Funds (Cost $370,439,333) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Money Market Funds (Cost $370,439,333) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Money Market Funds (Cost $370,439,333) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Money Market Funds (Cost $370,439,333) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Money Market Funds (Cost $370,439,333) | &nbsp;&nbsp; 370439333 |
| **Options Purchased–0.89%** | **Options Purchased–0.89%** | **Options Purchased–0.89%** | **Options Purchased–0.89%** | **Options Purchased–0.89%** | **Options Purchased–0.89%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Cost $4,234,021)<sup>(d)</sup>  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Cost $4,234,021)<sup>(d)</sup>  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Cost $4,234,021)<sup>(d)</sup>  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Cost $4,234,021)<sup>(d)</sup>  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Cost $4,234,021)<sup>(d)</sup>  | &nbsp;&nbsp; 3819435 |
| TOTAL INVESTMENTS IN SECURITIES–89.79% (Cost $383,623,354) | TOTAL INVESTMENTS IN SECURITIES–89.79% (Cost $383,623,354) | TOTAL INVESTMENTS IN SECURITIES–89.79% (Cost $383,623,354) | TOTAL INVESTMENTS IN SECURITIES–89.79% (Cost $383,623,354) | TOTAL INVESTMENTS IN SECURITIES–89.79% (Cost $383,623,354) | &nbsp;&nbsp; 383213227 |
| OTHER ASSETS LESS LIABILITIES–10.21% | OTHER ASSETS LESS LIABILITIES–10.21% | OTHER ASSETS LESS LIABILITIES–10.21% | OTHER ASSETS LESS LIABILITIES–10.21% | OTHER ASSETS LESS LIABILITIES–10.21% | &nbsp;&nbsp; 43575735 |
| NET ASSETS–100.00% | NET ASSETS–100.00% | NET ASSETS–100.00% | NET ASSETS–100.00% | NET ASSETS–100.00% | &nbsp;&nbsp; $426788962 |

---

Notes to Consolidated Schedule of Investments:

<sup>(a)</sup> Interest or dividend rate is redetermined periodically. Rate shown is the rate in effect on March 31, 2026.

<sup>(b)</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 three months ended March 31, 2026. 

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

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Value** <br>**December 31, 2025**<br>| **Purchases** <br>**at Cost**<br>| **Proceeds** <br>**from Sales**<br>| **Change in** <br>**Unrealized** <br>**Appreciation**<br>| **Realized** <br>**Gain**<br>| **Value** <br>**March 31, 2026**<br>| **Dividend Income** |
| **Investments in Affiliated Money Market Funds:** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Invesco Government & Agency Portfolio, <br> Institutional Class<br>| $93958187 | &nbsp;&nbsp; $71678614 | &nbsp;&nbsp; $(61967662) | &nbsp;&nbsp; $- | &nbsp;&nbsp; $- | &nbsp;&nbsp; $103669139 | &nbsp;&nbsp; $876676 |
| &nbsp;&nbsp;&nbsp; Invesco Government Money Market Fund, Cash <br> Reserve Shares<br>| &nbsp;&nbsp;&nbsp; 68795682 | &nbsp;&nbsp;&nbsp; 16813997 | &nbsp;&nbsp;&nbsp; (27478635) | &nbsp;&nbsp; - | &nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 58131044 | &nbsp;&nbsp;&nbsp;&nbsp; 514109 |
| &nbsp;&nbsp;&nbsp; Invesco Premier U.S. Government Money Portfolio, <br> Institutional Class<br>| &nbsp;&nbsp;&nbsp; 65514454 | &nbsp;&nbsp;&nbsp;&nbsp; 5641831 | &nbsp;&nbsp;&nbsp; (16157808) | &nbsp;&nbsp; - | &nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 54998477 | &nbsp;&nbsp;&nbsp;&nbsp; 471448 |
| &nbsp;&nbsp;&nbsp; Invesco Liquidity Funds PLC, Invesco US Dollar <br> Liquidity Portfolio, Agency Class<br>| &nbsp;&nbsp;&nbsp; 34195706 | &nbsp;&nbsp;&nbsp; 75354869 | &nbsp;&nbsp;&nbsp; (77902967) | &nbsp;&nbsp; - | &nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 31647608 | &nbsp;&nbsp;&nbsp;&nbsp; 287921 |
| &nbsp;&nbsp;&nbsp; Invesco Treasury Obligations Portfolio, Institutional <br> Class<br>| &nbsp;&nbsp;&nbsp; 51505418 | &nbsp;&nbsp;&nbsp; 15829713 | &nbsp;&nbsp;&nbsp;&nbsp; (5604666) | &nbsp;&nbsp; - | &nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 61730465 | &nbsp;&nbsp;&nbsp;&nbsp; 557063 |
| Invesco Treasury Portfolio, Institutional Class | &nbsp;&nbsp;&nbsp; 25834488 | &nbsp;&nbsp;&nbsp; 87774489 | &nbsp;&nbsp;&nbsp; (62586687) | &nbsp;&nbsp; - | &nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 51022290 | &nbsp;&nbsp;&nbsp;&nbsp; 388578 |
| &nbsp;&nbsp;&nbsp; Invesco V.I. Government Money Market Fund, <br> Series I<br>| &nbsp;&nbsp;&nbsp;&nbsp; 9240310 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp; - | &nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp; 9240310 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 76374 |
| Total | $349044245 | &nbsp;&nbsp; $273093513 | &nbsp;&nbsp; $(251698425) | &nbsp;&nbsp; $- | &nbsp;&nbsp; $- | &nbsp;&nbsp; $370439333 | &nbsp;&nbsp; $3172169 |

---

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

<sup>(c)</sup> The rate shown is the 7-day SEC standardized yield as of March 31, 2026. <br> <sup>(d)</sup> The table below details options purchased.

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

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

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

------

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Open Exchange-Traded Index Options Purchased** | **Open Exchange-Traded Index Options Purchased** | **Open Exchange-Traded Index Options Purchased** | **Open Exchange-Traded Index Options Purchased** | **Open Exchange-Traded Index Options Purchased** | **Open Exchange-Traded Index Options Purchased** | **Open Exchange-Traded Index Options Purchased** | **Open Exchange-Traded Index Options Purchased** | **Open Exchange-Traded Index Options Purchased** |
| **Description** | &nbsp;&nbsp; **Type of** <br>**Contract**<br>| **Expiration** <br>**Date**<br>| **Number of** <br>**Contracts**<br>| **Exercise** <br>**Price** | **Exercise** <br>**Price** | **Notional** <br>**Value**<sup>(a)</sup>  | **Notional** <br>**Value**<sup>(a)</sup>  | **Value** |
| **Equity Risk** | **Equity Risk** | **Equity Risk** | **Equity Risk** |  |  |  |  |  |
| EURO STOXX 50 Index | Put | &nbsp;&nbsp; 04/17/2026 | &nbsp;&nbsp; 26 | &nbsp;&nbsp; EUR | 5100.00 | &nbsp;&nbsp; EUR | &nbsp;&nbsp; 1326000 | $8475 |
| EURO STOXX 50 Index | Put | &nbsp;&nbsp; 05/15/2026 | &nbsp;&nbsp; 26 | &nbsp;&nbsp; EUR | 5000.00 | &nbsp;&nbsp; EUR | &nbsp;&nbsp; 1300000 | 20105 |
| EURO STOXX 50 Index | Put | &nbsp;&nbsp; 06/19/2026 | &nbsp;&nbsp; 26 | &nbsp;&nbsp; EUR | 5200.00 | &nbsp;&nbsp; EUR | &nbsp;&nbsp; 1352000 | 45709 |
| EURO STOXX 50 Index | Put | &nbsp;&nbsp; 07/17/2026 | &nbsp;&nbsp; 26 | &nbsp;&nbsp; EUR | 5100.00 | &nbsp;&nbsp; EUR | &nbsp;&nbsp; 1326000 | 46250 |
| EURO STOXX 50 Index | Put | &nbsp;&nbsp; 08/21/2026 | &nbsp;&nbsp; 26 | &nbsp;&nbsp; EUR | 5000.00 | &nbsp;&nbsp; EUR | &nbsp;&nbsp; 1300000 | 47272 |
| EURO STOXX 50 Index | Put | &nbsp;&nbsp; 09/18/2026 | &nbsp;&nbsp; 26 | &nbsp;&nbsp; EUR | 5200.00 | &nbsp;&nbsp; EUR | &nbsp;&nbsp; 1352000 | 67527 |
| EURO STOXX 50 Index | Put | &nbsp;&nbsp; 10/16/2026 | &nbsp;&nbsp; 26 | &nbsp;&nbsp; EUR | 5500.00 | &nbsp;&nbsp; EUR | &nbsp;&nbsp; 1430000 | 104371 |
| EURO STOXX 50 Index | Put | &nbsp;&nbsp; 11/20/2026 | &nbsp;&nbsp; 26 | &nbsp;&nbsp; EUR | 5500.00 | &nbsp;&nbsp; EUR | &nbsp;&nbsp; 1430000 | 110502 |
| EURO STOXX 50 Index | Put | &nbsp;&nbsp; 12/18/2026 | &nbsp;&nbsp; 27 | &nbsp;&nbsp; EUR | 5500.00 | &nbsp;&nbsp; EUR | &nbsp;&nbsp; 1485000 | 119620 |
| EURO STOXX 50 Index | Put | &nbsp;&nbsp; 01/15/2027 | &nbsp;&nbsp; 27 | &nbsp;&nbsp; EUR | 5700.00 | &nbsp;&nbsp; EUR | &nbsp;&nbsp; 1539000 | 151078 |
| EURO STOXX 50 Index | Put | &nbsp;&nbsp; 02/19/2027 | &nbsp;&nbsp; 27 | &nbsp;&nbsp; EUR | 5800.00 | &nbsp;&nbsp; EUR | &nbsp;&nbsp; 1566000 | 171425 |
| EURO STOXX 50 Index | Put | &nbsp;&nbsp; 03/19/2027 | &nbsp;&nbsp; 27 | &nbsp;&nbsp; EUR | 5800.00 | &nbsp;&nbsp; EUR | &nbsp;&nbsp; 1566000 | 173579 |
| FTSE 100 Index | Put | &nbsp;&nbsp; 04/17/2026 | &nbsp;&nbsp; 17 | &nbsp;&nbsp; GBP | 8500.00 | &nbsp;&nbsp; GBP | &nbsp;&nbsp; 1445000 | 1575 |
| FTSE 100 Index | Put | &nbsp;&nbsp; 05/15/2026 | &nbsp;&nbsp; 17 | &nbsp;&nbsp; GBP | 8350.00 | &nbsp;&nbsp; GBP | &nbsp;&nbsp; 1419500 | 5850 |
| FTSE 100 Index | Put | &nbsp;&nbsp; 06/19/2026 | &nbsp;&nbsp; 17 | &nbsp;&nbsp; GBP | 8700.00 | &nbsp;&nbsp; GBP | &nbsp;&nbsp; 1479000 | 15638 |
| FTSE 100 Index | Put | &nbsp;&nbsp; 07/17/2026 | &nbsp;&nbsp; 17 | &nbsp;&nbsp; GBP | 8700.00 | &nbsp;&nbsp; GBP | &nbsp;&nbsp; 1479000 | 18001 |
| FTSE 100 Index | Put | &nbsp;&nbsp; 08/21/2026 | &nbsp;&nbsp; 18 | &nbsp;&nbsp; GBP | 8950.00 | &nbsp;&nbsp; GBP | &nbsp;&nbsp; 1611000 | 27398 |
| FTSE 100 Index | Put | &nbsp;&nbsp; 09/18/2026 | &nbsp;&nbsp; 18 | &nbsp;&nbsp; GBP | 9000.00 | &nbsp;&nbsp; GBP | &nbsp;&nbsp; 1620000 | 39192 |
| FTSE 100 Index | Put | &nbsp;&nbsp; 10/16/2026 | &nbsp;&nbsp; 18 | &nbsp;&nbsp; GBP | 9375.00 | &nbsp;&nbsp; GBP | &nbsp;&nbsp; 1687500 | 55273 |
| FTSE 100 Index | Put | &nbsp;&nbsp; 11/20/2026 | &nbsp;&nbsp; 18 | &nbsp;&nbsp; GBP | 9625.00 | &nbsp;&nbsp; GBP | &nbsp;&nbsp; 1732500 | 73142 |
| FTSE 100 Index | Put | &nbsp;&nbsp; 12/18/2026 | &nbsp;&nbsp; 18 | &nbsp;&nbsp; GBP | 9600.00 | &nbsp;&nbsp; GBP | &nbsp;&nbsp; 1728000 | 81004 |
| FTSE 100 Index | Put | &nbsp;&nbsp; 01/15/2027 | &nbsp;&nbsp; 18 | &nbsp;&nbsp; GBP | 9850.00 | &nbsp;&nbsp; GBP | &nbsp;&nbsp; 1773000 | 95537 |
| FTSE 100 Index | Put | &nbsp;&nbsp; 02/19/2027 | &nbsp;&nbsp; 18 | &nbsp;&nbsp; GBP | 10175.00 | &nbsp;&nbsp; GBP | &nbsp;&nbsp; 1831500 | 132228 |
| FTSE 100 Index | Put | &nbsp;&nbsp; 03/19/2027 | &nbsp;&nbsp; 18 | &nbsp;&nbsp; GBP | 10600.00 | &nbsp;&nbsp; GBP | &nbsp;&nbsp; 1908000 | 187978 |
| MSCI Emerging Markets Index | Put | &nbsp;&nbsp; 04/17/2026 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; USD | 1100.00 | &nbsp;&nbsp; USD | &nbsp;&nbsp; 1100000 | 1125 |
| MSCI Emerging Markets Index | Put | &nbsp;&nbsp; 05/15/2026 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; USD | 1100.00 | &nbsp;&nbsp; USD | &nbsp;&nbsp; 1100000 | 4650 |
| MSCI Emerging Markets Index | Put | &nbsp;&nbsp; 06/18/2026 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; USD | 1140.00 | &nbsp;&nbsp; USD | &nbsp;&nbsp; 1140000 | 11000 |
| MSCI Emerging Markets Index | Put | &nbsp;&nbsp; 07/17/2026 | &nbsp;&nbsp; 11 | &nbsp;&nbsp; USD | 1220.00 | &nbsp;&nbsp; USD | &nbsp;&nbsp; 1342000 | 26400 |
| MSCI Emerging Markets Index | Put | &nbsp;&nbsp; 08/21/2026 | &nbsp;&nbsp; 11 | &nbsp;&nbsp; USD | 1210.00 | &nbsp;&nbsp; USD | &nbsp;&nbsp; 1331000 | 33000 |
| MSCI Emerging Markets Index | Put | &nbsp;&nbsp; 09/18/2026 | &nbsp;&nbsp; 11 | &nbsp;&nbsp; USD | 1250.00 | &nbsp;&nbsp; USD | &nbsp;&nbsp; 1375000 | 46200 |
| MSCI Emerging Markets Index | Put | &nbsp;&nbsp; 10/16/2026 | &nbsp;&nbsp; 11 | &nbsp;&nbsp; USD | 1350.00 | &nbsp;&nbsp; USD | &nbsp;&nbsp; 1485000 | 81400 |
| MSCI Emerging Markets Index | Put | &nbsp;&nbsp; 11/20/2026 | &nbsp;&nbsp; 11 | &nbsp;&nbsp; USD | 1375.00 | &nbsp;&nbsp; USD | &nbsp;&nbsp; 1512500 | 99000 |
| MSCI Emerging Markets Index | Put | &nbsp;&nbsp; 12/18/2026 | &nbsp;&nbsp; 11 | &nbsp;&nbsp; USD | 1360.00 | &nbsp;&nbsp; USD | &nbsp;&nbsp; 1496000 | 99605 |
| MSCI Emerging Markets Index | Put | &nbsp;&nbsp; 01/15/2027 | &nbsp;&nbsp; 11 | &nbsp;&nbsp; USD | 1440.00 | &nbsp;&nbsp; USD | &nbsp;&nbsp; 1584000 | 138600 |
| MSCI Emerging Markets Index | Put | &nbsp;&nbsp; 02/19/2027 | &nbsp;&nbsp; 11 | &nbsp;&nbsp; USD | 1500.00 | &nbsp;&nbsp; USD | &nbsp;&nbsp; 1650000 | 174900 |
| MSCI Emerging Markets Index | Put | &nbsp;&nbsp; 03/19/2027 | &nbsp;&nbsp; 11 | &nbsp;&nbsp; USD | 1560.00 | &nbsp;&nbsp; USD | &nbsp;&nbsp; 1716000 | 214500 |
| Nikkei 225 Index | Put | &nbsp;&nbsp; 06/12/2026 | &nbsp;&nbsp; 4 | &nbsp;&nbsp; JPY | 35000.00 | &nbsp;&nbsp; JPY | &nbsp;&nbsp; 140000000 | 9073 |
| Nikkei 225 Index | Put | &nbsp;&nbsp; 06/12/2026 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; JPY | 34250.00 | &nbsp;&nbsp; JPY | &nbsp;&nbsp; 171250000 | 10082 |
| Nikkei 225 Index | Put | &nbsp;&nbsp; 06/12/2026 | &nbsp;&nbsp; 4 | &nbsp;&nbsp; JPY | 36000.00 | &nbsp;&nbsp; JPY | &nbsp;&nbsp; 144000000 | 10082 |
| Nikkei 225 Index | Put | &nbsp;&nbsp; 09/11/2026 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; JPY | 38500.00 | &nbsp;&nbsp; JPY | &nbsp;&nbsp; 192500000 | 32608 |
| Nikkei 225 Index | Put | &nbsp;&nbsp; 09/11/2026 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; JPY | 39250.00 | &nbsp;&nbsp; JPY | &nbsp;&nbsp; 196250000 | 35601 |
| Nikkei 225 Index | Put | &nbsp;&nbsp; 09/11/2026 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; JPY | 40750.00 | &nbsp;&nbsp; JPY | &nbsp;&nbsp; 203750000 | 42059 |
| Nikkei 225 Index | Put | &nbsp;&nbsp; 12/11/2026 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; JPY | 43000.00 | &nbsp;&nbsp; JPY | &nbsp;&nbsp; 215000000 | 73407 |
| Nikkei 225 Index | Put | &nbsp;&nbsp; 12/11/2026 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; JPY | 47500.00 | &nbsp;&nbsp; JPY | &nbsp;&nbsp; 237500000 | 113575 |
| Nikkei 225 Index | Put | &nbsp;&nbsp; 12/11/2026 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; JPY | 50500.00 | &nbsp;&nbsp; JPY | &nbsp;&nbsp; 252500000 | 150279 |
| Nikkei 225 Index | Put | &nbsp;&nbsp; 03/12/2027 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; JPY | 50250.00 | &nbsp;&nbsp; JPY | &nbsp;&nbsp; 251250000 | 166346 |
| Nikkei 225 Index | Put | &nbsp;&nbsp; 03/12/2027 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; JPY | 51250.00 | &nbsp;&nbsp; JPY | &nbsp;&nbsp; 256250000 | 180524 |
| Nikkei 225 Index | Put | &nbsp;&nbsp; 03/12/2027 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; JPY | 56250.00 | &nbsp;&nbsp; JPY | &nbsp;&nbsp; 281250000 | 266690 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Index Options Purchased | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Index Options Purchased | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Index Options Purchased | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Index Options Purchased |  |  |  |  | $3819435 |

---

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

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

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

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

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

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Open Futures Contracts** | **Open Futures Contracts** | **Open Futures Contracts** | **Open Futures Contracts** | **Open Futures Contracts** | **Open Futures Contracts** |
| **Long Futures Contracts** | &nbsp;&nbsp; **Number of**<br> **Contracts**<br>| &nbsp;&nbsp;&nbsp; **Expiration**<br> **Month**<br>| &nbsp;&nbsp; **Notional**<br> **Value**<br>| **Value** | &nbsp;&nbsp; **Unrealized**<br> **Appreciation**<br> &nbsp;&nbsp;&nbsp;&nbsp;**(Depreciation)**<br>|
| **Commodity Risk** | **Commodity Risk** | **Commodity Risk** | **Commodity Risk** | **Commodity Risk** | **Commodity Risk** |
| Gasoline Reformulated Blendstock Oxygenate Blending | &nbsp;&nbsp;&nbsp; 109 | April-2026 | &nbsp;&nbsp;&nbsp; $14667454 | &nbsp;&nbsp;&nbsp; $1053881 | &nbsp;&nbsp;&nbsp; $1053881 |
| Gold 100 Oz. | &nbsp;&nbsp;&nbsp; 47 | June-2026 | &nbsp;&nbsp;&nbsp; 21989420 | &nbsp;&nbsp;&nbsp; 80081 | &nbsp;&nbsp;&nbsp; 80081 |
| Low Sulphur Gas Oil | &nbsp;&nbsp;&nbsp; 38 | May-2026 | &nbsp;&nbsp;&nbsp; 4709150 | &nbsp;&nbsp;&nbsp; 1419402 | &nbsp;&nbsp;&nbsp; 1419402 |
| Silver | &nbsp;&nbsp;&nbsp; 24 | May-2026 | &nbsp;&nbsp;&nbsp; 8990280 | &nbsp;&nbsp;&nbsp; (419244)<br>| &nbsp;&nbsp;&nbsp; (419244)<br>|
| &nbsp;&nbsp;&nbsp; Subtotal | &nbsp;&nbsp;&nbsp; Subtotal | &nbsp;&nbsp;&nbsp; Subtotal | &nbsp;&nbsp;&nbsp; Subtotal | &nbsp;&nbsp;&nbsp; 2134120 | &nbsp;&nbsp;&nbsp; 2134120 |
| **Equity Risk** | **Equity Risk** | **Equity Risk** | **Equity Risk** | **Equity Risk** | **Equity Risk** |
| E-Mini Russell 2000 Index | &nbsp;&nbsp;&nbsp; 236 | June-2026 | &nbsp;&nbsp;&nbsp; 29643960 | &nbsp;&nbsp;&nbsp; 180536 | &nbsp;&nbsp;&nbsp; 180536 |
| E-Mini S&P 500 Index | &nbsp;&nbsp;&nbsp; 22 | June-2026 | &nbsp;&nbsp;&nbsp; 7227825 | &nbsp;&nbsp;&nbsp; (127474)<br>| &nbsp;&nbsp;&nbsp; (127474)<br>|
| EURO STOXX 50 Index | &nbsp;&nbsp;&nbsp; 114 | June-2026 | &nbsp;&nbsp;&nbsp; 7240593 | &nbsp;&nbsp;&nbsp; (275167)<br>| &nbsp;&nbsp;&nbsp; (275167)<br>|
| FTSE 100 Index | &nbsp;&nbsp;&nbsp; 32 | June-2026 | &nbsp;&nbsp;&nbsp; 4319808 | &nbsp;&nbsp;&nbsp; (76536)<br>| &nbsp;&nbsp;&nbsp; (76536)<br>|
| MSCI Emerging Markets Index | &nbsp;&nbsp;&nbsp; 426 | June-2026 | &nbsp;&nbsp;&nbsp; 30982980 | &nbsp;&nbsp;&nbsp; (902594)<br>| &nbsp;&nbsp;&nbsp; (902594)<br>|
| Nikkei 225 Index | &nbsp;&nbsp;&nbsp; 38 | June-2026 | &nbsp;&nbsp;&nbsp; 12249646 | &nbsp;&nbsp;&nbsp; (668807)<br>| &nbsp;&nbsp;&nbsp; (668807)<br>|
| &nbsp;&nbsp;&nbsp; Subtotal | &nbsp;&nbsp;&nbsp; Subtotal | &nbsp;&nbsp;&nbsp; Subtotal | &nbsp;&nbsp;&nbsp; Subtotal | &nbsp;&nbsp;&nbsp; (1870042)<br>| &nbsp;&nbsp;&nbsp; (1870042)<br>|
| **Interest Rate Risk** | **Interest Rate Risk** | **Interest Rate Risk** | **Interest Rate Risk** | **Interest Rate Risk** | **Interest Rate Risk** |
| Australia 10 Year Bonds | &nbsp;&nbsp;&nbsp; 1112 | June-2026 | &nbsp;&nbsp;&nbsp; 82671351 | &nbsp;&nbsp;&nbsp; (81280)<br>| &nbsp;&nbsp;&nbsp; (81280)<br>|
| Canada 10 Year Bond | &nbsp;&nbsp;&nbsp; 1173 | June-2026 | &nbsp;&nbsp;&nbsp; 101194544 | &nbsp;&nbsp;&nbsp; (1735823)<br>| &nbsp;&nbsp;&nbsp; (1735823)<br>|
| Euro-Bund | &nbsp;&nbsp;&nbsp; 584 | June-2026 | &nbsp;&nbsp;&nbsp; 84640323 | &nbsp;&nbsp;&nbsp; (1722987)<br>| &nbsp;&nbsp;&nbsp; (1722987)<br>|
| Japan 10 Year Bonds | &nbsp;&nbsp;&nbsp; 115 | June-2026 | &nbsp;&nbsp;&nbsp; 94424561 | &nbsp;&nbsp;&nbsp; (1171144)<br>| &nbsp;&nbsp;&nbsp; (1171144)<br>|
| Long Gilt | &nbsp;&nbsp;&nbsp; 586 | June-2026 | &nbsp;&nbsp;&nbsp; 68092546 | &nbsp;&nbsp;&nbsp; (3860592)<br>| &nbsp;&nbsp;&nbsp; (3860592)<br>|
| U.S. Treasury Long Bonds | &nbsp;&nbsp;&nbsp; 544 | June-2026 | &nbsp;&nbsp;&nbsp; 61948000 | &nbsp;&nbsp;&nbsp; (1739289)<br>| &nbsp;&nbsp;&nbsp; (1739289)<br>|
| &nbsp;&nbsp;&nbsp; Subtotal | &nbsp;&nbsp;&nbsp; Subtotal | &nbsp;&nbsp;&nbsp; Subtotal | &nbsp;&nbsp;&nbsp; Subtotal | &nbsp;&nbsp;&nbsp; (10311115)<br>| &nbsp;&nbsp;&nbsp; (10311115)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Futures Contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Futures Contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Futures Contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Futures Contracts | &nbsp;&nbsp;&nbsp; $(10047037)<br>| &nbsp;&nbsp;&nbsp; $(10047037)<br>|

---

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

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Open Over-The-Counter Total Return Swap Agreements**<sup>(a)</sup>  | **Open Over-The-Counter Total Return Swap Agreements**<sup>(a)</sup>  | **Open Over-The-Counter Total Return Swap Agreements**<sup>(a)</sup>  | **Open Over-The-Counter Total Return Swap Agreements**<sup>(a)</sup>  | **Open Over-The-Counter Total Return Swap Agreements**<sup>(a)</sup>  | **Open Over-The-Counter Total Return Swap Agreements**<sup>(a)</sup>  | **Open Over-The-Counter Total Return Swap Agreements**<sup>(a)</sup>  | **Open Over-The-Counter Total Return Swap Agreements**<sup>(a)</sup>  | **Open Over-The-Counter Total Return Swap Agreements**<sup>(a)</sup>  | **Open Over-The-Counter Total Return Swap Agreements**<sup>(a)</sup>  | **Open Over-The-Counter Total Return Swap Agreements**<sup>(a)</sup>  | **Open Over-The-Counter Total Return Swap Agreements**<sup>(a)</sup>  |
| **Counterparty** | **Pay/** <br>**Receive**<br>| **Reference Entity**<sup>(b)</sup> <br>| **Fixed** <br>**Rate**<br>| **Payment** <br>**Frequency**<br>| **Number of** <br>**Contracts**<br>| **Maturity Date** | **Notional Value** | **Notional Value** | **Upfront** <br>**Payments** <br>**Paid** <br>**(Received)**<br>| **Value** | **Unrealized** <br>**Appreciation** <br>**(Depreciation)**<br>|
| **Commodity Risk** |  |  |  |  |  |  |  |  |  |  |  |
| Barclays Bank PLC | Receive | Barclays Brent Crude <br> Roll Yield Index<br>| 0.17% | Monthly | 11400 | October—2026 | USD | 8962070 | $— | $509558 | $509558 |
| Barclays Bank PLC | Receive | Barclays Soybean Meal <br> S2 Nearby Excess Return <br> Index<br>| 0.19 | Monthly | 2330 | January—2027 | USD | 2055953 |  | 27659 | 27659 |
| Barclays Bank PLC | Receive | Barclays Soybean Oil <br> Seasonal Index<br>| 0.19 | Monthly | 34200 | November—2026 | USD | 4426373 |  | 365971 | 365971 |
| Barclays Bank PLC | Receive | Barclays Soybeans <br> Seasonal Excess Return <br> Index<br>| 0.19 | Monthly | 8700 | February—2027 | USD | 2872128 |  | 45511 | 45511 |
| Barclays Bank PLC | Receive | Barclays Wheat Seasonal <br> Index<br>| 0.17 | Monthly | 169000 | May—2026 | USD | 2159888 |  | 66637 | 66637 |
| BNP Paribas S.A. | Receive | BNP Paribas Commodity <br> Daily Dynamic Curve CL <br> Index<br>| 0.25 | Monthly | 9250 | October—2026 | USD | 5853840 |  | 492262 | 492262 |
| BNP Paribas S.A. | Receive | BNP Paribas Commodity <br> Daily Dynamic Curve CO <br> Index<br>| 0.25 | Monthly | 12800 | October—2026 | USD | 9143935 |  | 532001 | 532001 |
| &nbsp;&nbsp;&nbsp; Canadian Imperial Bank <br> of Commerce<br>| Receive | Canadian Imperial Bank <br> of Commerce Seasonally <br> Enhanced Bean Oil <br> Commodity Index<br>| 0.26 | Monthly | 41000 | February—2027 | USD | 6373499 |  | 189613 | 189613 |

---

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

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

------

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Open Over-The-Counter Total Return Swap Agreements**<sup>(a)</sup>**—(continued)** | **Open Over-The-Counter Total Return Swap Agreements**<sup>(a)</sup>**—(continued)** | **Open Over-The-Counter Total Return Swap Agreements**<sup>(a)</sup>**—(continued)** | **Open Over-The-Counter Total Return Swap Agreements**<sup>(a)</sup>**—(continued)** | **Open Over-The-Counter Total Return Swap Agreements**<sup>(a)</sup>**—(continued)** | **Open Over-The-Counter Total Return Swap Agreements**<sup>(a)</sup>**—(continued)** | **Open Over-The-Counter Total Return Swap Agreements**<sup>(a)</sup>**—(continued)** | **Open Over-The-Counter Total Return Swap Agreements**<sup>(a)</sup>**—(continued)** | **Open Over-The-Counter Total Return Swap Agreements**<sup>(a)</sup>**—(continued)** | **Open Over-The-Counter Total Return Swap Agreements**<sup>(a)</sup>**—(continued)** | **Open Over-The-Counter Total Return Swap Agreements**<sup>(a)</sup>**—(continued)** | **Open Over-The-Counter Total Return Swap Agreements**<sup>(a)</sup>**—(continued)** |
| **Counterparty** | **Pay/**<br> **Receive**<br>| **Reference Entity**<sup>(b)</sup> | **Fixed**<br> **Rate**<br>| **Payment**<br> **Frequency**<br>| **Number of**<br> **Contracts**<br>| **Maturity Date** | **Notional Value** | **Notional Value** | **Upfront**<br> **Payments**<br> **Paid**<br> **(Received)**<br>| **Value** | **Unrealized**<br> **Appreciation**<br> **(Depreciation)**<br>|
| &nbsp;&nbsp;&nbsp; Canadian Imperial Bank <br> of Commerce<br>| Receive | Canadian Imperial Bank <br> of Commerce Seasonally <br> Enhanced Cotton <br> Commodity Excess <br> Return Index<br>| 0.28% | Monthly | 24300 | February—2027 | USD | 2843899 | $— | $186279 | $186279 |
| &nbsp;&nbsp;&nbsp; Canadian Imperial Bank <br> of Commerce<br>| Receive | Canadian Imperial Bank <br> of Commerce Seasonally <br> Enhanced Live Cattle <br> Commodity Index<br>| 0.15 | Monthly | 22800 | December—2026 | USD | 2843249 |  | 128964 | 128964 |
| &nbsp;&nbsp;&nbsp; Canadian Imperial Bank <br> of Commerce<br>| Receive | Canadian Imperial Bank <br> of Commerce Soybean <br> Meal 1 Excess Return <br> Commodity Index<br>| 0.14 | Monthly | 19200 | February—2027 | USD | 3320886 |  | 10529 | 10529 |
| &nbsp;&nbsp;&nbsp; Canadian Imperial Bank <br> of Commerce<br>| Receive | CIBZ Enhanced Sugar 2 <br> Excess Return Index<br>| 0.21 | Monthly | 52000 | December—2026 | USD | 5399945 |  | 410831 | 410831 |
| Citibank, N.A. | Receive | Citi Commodities <br> Benchmark (Regular <br> Roll) Mono Index Coffee<br>| 0.12 | Monthly | 309000 | November—2026 | USD | 4702053 |  | 57474 | 57474 |
| &nbsp;&nbsp;&nbsp; Goldman Sachs <br> International<br>| Receive | Enhanced Strategy AB44 <br> on the S&P GSCI Corn <br> Excess Return Index<br>| 0.18 | Monthly | 29000 | June—2026 | USD | 710903 |  | 4199 | 4199 |
| &nbsp;&nbsp;&nbsp; Goldman Sachs <br> International<br>| Receive | Enhanced Strategy <br> BNZ0Y on the S&P GSCI <br> Soybean Oil Excess <br> Return Index<br>| 0.25 | Monthly | 27900 | February—2027 | USD | 4563190 |  | 200618 | 200618 |
| &nbsp;&nbsp;&nbsp; Goldman Sachs <br> International<br>| Receive | Goldman Sachs Heating <br> Oil F0 Standard Roll <br> Excess Return Index<br>| 0.14 | Monthly | 32850 | October—2026 | USD | 11140158 |  | 1491737 | 1491737 |
| &nbsp;&nbsp;&nbsp; Goldman Sachs <br> International<br>| Receive | S&P GSCI Wheat Excess <br> Return A48 Strategy<br>| 0.20 | Monthly | 41000 | February—2027 | USD | 369708 |  | 28267 | 28267 |
| &nbsp;&nbsp;&nbsp; J.P. Morgan Chase <br> Bank, N.A.<br>| Receive | J.P. Morgan Contag Beta <br> Gas Oil Excess Return <br> Index<br>| 0.25 | Monthly | 13600 | January—2027 | USD | 10301063 |  | 949360 | 949360 |
| &nbsp;&nbsp;&nbsp; J.P. Morgan Chase <br> Bank, N.A.<br>| Receive | J.P. Morgan Front Month <br> Heating Oil Excess <br> Return Index<br>| 0.11 | Monthly | 20450 | October—2026 | USD | 11595483 |  | 668443 | 668443 |
| Macquarie Bank Ltd. | Receive | Macquarie Aluminum <br> Dynamic Selection Index<br>| 0.30 | Monthly | 87500 | October—2026 | USD | 5553572 |  | 247914 | 247914 |
| &nbsp;&nbsp;&nbsp; Merrill Lynch <br> International<br>| Receive | MLCISCE Excess Return <br> Index<br>| 0.12 | Monthly | 48500 | May—2026 | USD | 2035623 |  | 0 | 0 |
| &nbsp;&nbsp;&nbsp; Merrill Lynch <br> International<br>| Receive | MLCX Aluminum Annual <br> Excess Return Index<br>| 0.28 | Monthly | 48500 | November—2026 | USD | 7104110 |  | 24 | 24 |
| &nbsp;&nbsp;&nbsp; Merrill Lynch <br> International<br>| Receive | MLCX Natural Gas Annual <br> Excess Return Index<br>| 0.25 | Monthly | 46000 | October—2026 | USD | 2642866 |  | 0 | 0 |
| &nbsp;&nbsp;&nbsp; Merrill Lynch <br> International<br>| Receive | MLCX6CTE Excess Return <br> Index<br>| 0.18 | Monthly | 34000 | January—2027 | USD | 2589545 |  | 0 | 0 |
| Royal Bank of Canada | Receive | RBC Commodity CT01 <br> Excess Return Custom <br> Index<br>| 0.28 | Monthly | 9100 | January—2027 | USD | 984228 |  | 0 | 0 |
| Royal Bank of Canada | Receive | RBC Commodity KCEO <br> Excess Return Custom <br> Index<br>| 0.16 | Monthly | 20500 | March—2027 | USD | 806652 |  | 0 | 0 |
| Royal Bank of Canada | Receive | RBC Commodity SB01 <br> Excess Return Custom <br> Index<br>| 0.18 | Monthly | 29400 | November—2026 | USD | 4077980 |  | 0 | 0 |
| Royal Bank of Canada | Receive | RBC Commodity SO01 <br> Excess Return Custom <br> Index<br>| 0.18 | Monthly | 26500 | February—2027 | USD | 3085119 |  | 0 | 0 |
| &nbsp;&nbsp;&nbsp; Subtotal |  |  |  |  |  |  |  |  |  | 6613851 | 6613851 |

---

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

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

------

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Open Over-The-Counter Total Return Swap Agreements**<sup>(a)</sup>**—(continued)** | **Open Over-The-Counter Total Return Swap Agreements**<sup>(a)</sup>**—(continued)** | **Open Over-The-Counter Total Return Swap Agreements**<sup>(a)</sup>**—(continued)** | **Open Over-The-Counter Total Return Swap Agreements**<sup>(a)</sup>**—(continued)** | **Open Over-The-Counter Total Return Swap Agreements**<sup>(a)</sup>**—(continued)** | **Open Over-The-Counter Total Return Swap Agreements**<sup>(a)</sup>**—(continued)** | **Open Over-The-Counter Total Return Swap Agreements**<sup>(a)</sup>**—(continued)** | **Open Over-The-Counter Total Return Swap Agreements**<sup>(a)</sup>**—(continued)** | **Open Over-The-Counter Total Return Swap Agreements**<sup>(a)</sup>**—(continued)** | **Open Over-The-Counter Total Return Swap Agreements**<sup>(a)</sup>**—(continued)** | **Open Over-The-Counter Total Return Swap Agreements**<sup>(a)</sup>**—(continued)** | **Open Over-The-Counter Total Return Swap Agreements**<sup>(a)</sup>**—(continued)** |
| **Counterparty** | **Pay/**<br> **Receive**<br>| **Reference Entity**<sup>(b)</sup> | **Fixed**<br> **Rate**<br>| **Payment**<br> **Frequency**<br>| **Number of**<br> **Contracts**<br>| **Maturity Date** | **Notional Value** | **Notional Value** | **Upfront**<br> **Payments**<br> **Paid**<br> **(Received)**<br>| **Value** | **Unrealized**<br> **Appreciation**<br> **(Depreciation)**<br>|
| **Equity Risk** |  |  |  |  |  |  |  |  |  |  |  |
| Barclays Bank PLC | Receive | Barclays IVPR Index | 0.30% | Monthly | 2500 | February—2027 | USD | 2493275 | $— | $76025 | $76025 |
| BNP Paribas S.A. | Receive | BNP Paribas AIR VAR <br> Intraday US Calendar <br> Excess Return Index<br>| 0.00 | Monthly | 82000 | October—2026 | USD | 17717863 |  | 255362 | 255362 |
| BNP Paribas S.A. | Receive | BNP Paribas US Hedge <br> -40D 1Y Index<br>| 0.15 | Monthly | 5000 | February—2027 | USD | 4973031 |  | 72321 | 72321 |
| Citibank, N.A. | Receive | Citi EQ U.S. Volatility <br> Carry (G) Series 5 Index<br>| 0.00 | Monthly | 78000 | September—2026 | USD | 12345840 |  | 94002 | 94002 |
| &nbsp;&nbsp;&nbsp; Goldman Sachs <br> International<br>| Receive | Volatility Carry US <br> Series VSB1 Excess <br> Return Strategy<br>| 0.00 | Monthly | 135000 | January—2027 | USD | 13626900 |  | 167400 | 167400 |
| &nbsp;&nbsp;&nbsp; J.P. Morgan Chase <br> Bank, N.A.<br>| Receive | J.P. Morgan Bespoke <br> Rolling Put (JPRPIVUB) <br> Index<br>| 0.15 | Monthly | 4800 | February—2027 | USD | 4540176 |  | 64992 | 64992 |
| &nbsp;&nbsp;&nbsp; J.P. Morgan Chase <br> Bank, N.A.<br>| Receive | J.P. Morgan Bespoke <br> Rolling Put (JPRPIVUB) <br> Index<br>| 0.15 | Monthly | 500 | February—2027 | USD | 470521 |  | 9184 | 9184 |
| Macquarie Bank Ltd. | Receive | Macquarie Volatility <br> Product VMAQWSL5<br>| 0.15 | Monthly | 108000 | October—2026 | USD | 13115315 |  | 2344 | 2344 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley and Co. <br> International PLC<br>| Receive | Morgan Stanley Volatility <br> Relative Value SPX S2 <br> Index<br>| 0.00 | Monthly | 111500 | January—2027 | USD | 15587700 |  | 111509 | 111509 |
| Royal Bank of Canada | Receive | RBICPOS1 | 0.20 | Monthly | 4900 | February—2027 | USD | 5056310 |  | 94152 | 94152 |
| UBS AG | Receive | UBCSLPDR | 0.15 | Monthly | 5000 | February—2027 | USD | 5053400 |  | 73391 | 73391 |
| &nbsp;&nbsp;&nbsp; Subtotal |  |  |  |  |  |  |  |  |  | 1020682 | 1020682 |
| &nbsp;&nbsp;&nbsp; Subtotal — Appreciation | &nbsp;&nbsp;&nbsp; Subtotal — Appreciation | &nbsp;&nbsp;&nbsp; Subtotal — Appreciation | &nbsp;&nbsp;&nbsp; Subtotal — Appreciation | &nbsp;&nbsp;&nbsp; Subtotal — Appreciation |  |  |  |  |  | 7634533 | 7634533 |
| **Commodity Risk** |  |  |  |  |  |  |  |  |  |  |  |
| BNP Paribas S.A. | Receive | BNP Paribas Commodity <br> Daily Dynamic Curve LP <br> Index<br>| 0.30 | Monthly | 750 | January—2027 | USD | 1006983 |  | (48143)<br>| (48143)<br>|
| &nbsp;&nbsp;&nbsp; Canadian Imperial Bank <br> of Commerce<br>| Receive | CIBC Seasonally <br> Enhanced Lean Hog <br> Commodity Index<br>| 0.20 | Monthly | 11700 | January—2027 | USD | 653397 |  | (7339)<br>| (7339)<br>|
| Citibank, N.A. | Receive | Citi Commodities Curve <br> Beta Enhanced <br> Distributed Mono Index - <br> WTI Crude Oil (Excess <br> Return)<br>| 0.14 | Monthly | 3140 | October—2026 | USD | 3470425 |  | (164699)<br>| (164699)<br>|
| Citibank, N.A. | Receive | Citi Commodities Curve <br> Beta Enhanced Extended <br> Copper (Daily <br> Rebalancing) Excess <br> Return Index<br>| 0.30 | Monthly | 8680 | May—2026 | USD | 12419943 |  | (458339)<br>| (458339)<br>|
| &nbsp;&nbsp;&nbsp; Goldman Sachs <br> International<br>| Receive | Enhanced Strategy AB42 <br> on the S&P GSCI <br> Soybeans Excess Return<br>| 0.14 | Monthly | 13000 | November—2026 | USD | 5444830 |  | (103580)<br>| (103580)<br>|
| Macquarie Bank Ltd. | Receive | Macquarie Single <br> Commodity Soymeal <br> type A Excess Return<br>| 0.17 | Monthly | 16350 | February—2027 | USD | 5066589 |  | (53867)<br>| (53867)<br>|
| &nbsp;&nbsp;&nbsp; Morgan Stanley and Co. <br> International PLC<br>| Receive | S&P GSCI Aluminum <br> Dynamic Index Excess <br> Return<br>| 0.30 | Monthly | 49000 | April—2026 | USD | 5528464 |  | (90096)<br>| (90096)<br>|
| &nbsp;&nbsp;&nbsp; Subtotal — Depreciation | &nbsp;&nbsp;&nbsp; Subtotal — Depreciation | &nbsp;&nbsp;&nbsp; Subtotal — Depreciation | &nbsp;&nbsp;&nbsp; Subtotal — Depreciation | &nbsp;&nbsp;&nbsp; Subtotal — Depreciation |  |  |  |  |  | (926063)<br>| (926063)<br>|
| &nbsp;&nbsp;&nbsp; Total — Total Return Swap Agreements | &nbsp;&nbsp;&nbsp; Total — Total Return Swap Agreements | &nbsp;&nbsp;&nbsp; Total — Total Return Swap Agreements | &nbsp;&nbsp;&nbsp; Total — Total Return Swap Agreements | &nbsp;&nbsp;&nbsp; Total — Total Return Swap Agreements |  |  |  |  | $— | $6708470 | $6708470 |

---

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

---

| |
|:---|
| <sup>(a)</sup> The Fund receives or pays payments based on any positive or negative return on the Reference Entity, respectively. |
| &nbsp;&nbsp;&nbsp; <sup>(b)</sup> The Reference Entity Components table below includes additional information regarding the underlying components of certain reference entities that are not <br>publicly available. |

---

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

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

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

------

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Open Over-The-Counter Total Return Swap Agreements**<sup>(a)</sup>  | **Open Over-The-Counter Total Return Swap Agreements**<sup>(a)</sup>  | **Open Over-The-Counter Total Return Swap Agreements**<sup>(a)</sup>  | **Open Over-The-Counter Total Return Swap Agreements**<sup>(a)</sup>  | **Open Over-The-Counter Total Return Swap Agreements**<sup>(a)</sup>  | **Open Over-The-Counter Total Return Swap Agreements**<sup>(a)</sup>  | **Open Over-The-Counter Total Return Swap Agreements**<sup>(a)</sup>  | **Open Over-The-Counter Total Return Swap Agreements**<sup>(a)</sup>  | **Open Over-The-Counter Total Return Swap Agreements**<sup>(a)</sup>  | **Open Over-The-Counter Total Return Swap Agreements**<sup>(a)</sup>  | **Open Over-The-Counter Total Return Swap Agreements**<sup>(a)</sup>  | **Open Over-The-Counter Total Return Swap Agreements**<sup>(a)</sup>  |
| **Counterparty** | **Pay/** <br>**Receive**<br>| **Reference Entity** | **Floating** <br>**Rate** <br>**Index**<br>| **Payment** <br>**Frequency**<br>| **Number of** <br>**Contracts**<br>| **Maturity Date** | **Notional Value** | **Notional Value** | **Upfront** <br>**Payments** <br>**Paid** <br>**(Received)**<br>| **Value** | **Unrealized** <br>**Appreciation** <br>**(Depreciation)**<br>|
| **Equity Risk** |  |  |  |  |  |  |  |  |  |  |  |
| Citibank, N.A. | Receive | Invesco UK Broad <br> Low Volatility Net <br> Total Return Index<br>| SONIA + <br> 0.445%<br>| Monthly | 550 | June—2026 | GBP | 3767148 | $— | $114464 | $114464 |
| Citibank, N.A. | Receive | Invesco UK Broad <br> Price Momentum <br> Net Total Return <br> Index<br>| SONIA + <br> 0.450%<br>| Monthly | 330 | June—2026 | GBP | 3204112 |  | 123786 | 123786 |
| Citibank, N.A. | Receive | Invesco UK Broad <br> Quality Net Total <br> Return Index<br>| SONIA + <br> 0.440%<br>| Monthly | 358 | June—2026 | GBP | 3834355 |  | 147351 | 147351 |
| Citibank, N.A. | Receive | MSCI EMU Quality <br> Index<br>| ESTRON - <br> 0.270%<br>| Monthly | 370 | June—2026 | EUR | 1677321 |  | 945 | 945 |
| Citibank, N.A. | Receive | MSCI Japan <br> Minimum Volatility <br> Index<br>| TONAR - <br> 0.240%<br>| Monthly | 49000 | June—2026 | JPY | 223657560 |  | 2519 | 2519 |
| &nbsp;&nbsp;&nbsp; J.P. Morgan Chase Bank, <br> N.A.<br>| Receive | Invesco U.S. Low <br> Volatility Total <br> Return Index<br>| SOFR + <br> 0.560%<br>| Monthly | 1490 | June—2026 | USD | 12632473 |  | 43344 | 43344 |
| &nbsp;&nbsp;&nbsp; J.P. Morgan Chase Bank, <br> N.A.<br>| Receive | Invesco UK Broad <br> Quality Net Total <br> Return Index<br>| SONIA + <br> 0.45%<br>| Monthly | 185 | June—2026 | GBP | 2010643 |  | 37493 | 37493 |
| &nbsp;&nbsp;&nbsp; Merrill Lynch <br> International<br>| Receive | MSCI EMU Minimum <br> Volatility Index<br>| ESTRON - <br> 0.710%<br>| Monthly | 2070 | June—2026 | EUR | 8335062 |  | 184327 | 184327 |
| &nbsp;&nbsp;&nbsp; Subtotal — Appreciation | &nbsp;&nbsp;&nbsp; Subtotal — Appreciation | &nbsp;&nbsp;&nbsp; Subtotal — Appreciation | &nbsp;&nbsp;&nbsp; Subtotal — Appreciation | &nbsp;&nbsp;&nbsp; Subtotal — Appreciation |  |  |  |  |  | 654229 | 654229 |
| **Equity Risk** |  |  |  |  |  |  |  |  |  |  |  |
| BNP Paribas S.A. | Receive | MSCI EMU Minimum <br> Volatility Index<br>| ESTRON - <br> 0.020%<br>| Monthly | 180 | April—2026 | EUR | 751340 |  | (14662)<br>| (14662)<br>|
| BNP Paribas S.A. | Receive | MSCI EMU <br> Momentum Index<br>| ESTRON - <br> 0.200%<br>| Monthly | 130 | April—2026 | EUR | 1209434 |  | (47390)<br>| (47390)<br>|
| BNP Paribas S.A. | Receive | MSCI EMU Quality <br> Index<br>| ESTRON + <br> 0.160%<br>| Monthly | 210 | April—2026 | EUR | 1006102 |  | (62005)<br>| (62005)<br>|
| BNP Paribas S.A. | Receive | MSCI EMU Quality <br> Index<br>| ESTRON + <br> 0.269%<br>| Monthly | 1350 | April—2026 | EUR | 6395787 |  | (315372)<br>| (315372)<br>|
| BNP Paribas S.A. | Receive | MSCI Japan <br> Minimum Volatility <br> Index<br>| TONAR - <br> 0.170%<br>| Monthly | 50627 | April—2026 | JPY | 235850435 |  | (27431)<br>| (27431)<br>|
| Citibank, N.A. | Receive | Invesco UK Broad <br> Low Volatility Net <br> Total Return Index<br>| SONIA + <br> 0.490%<br>| Monthly | 35 | May—2026 | GBP | 252321 |  | (9385)<br>| (9385)<br>|
| Citibank, N.A. | Receive | Invesco UK Broad <br> Low Volatility Net <br> Total Return Index<br>| SONIA + <br> 0.600%<br>| Monthly | 1000 | May—2026 | GBP | 7162000 |  | (205695)<br>| (205695)<br>|
| Citibank, N.A. | Receive | Invesco UK Broad <br> Price Momentum <br> Net Total Return <br> Index<br>| SONIA + <br> 0.490%<br>| Monthly | 35 | May—2026 | GBP | 355291 |  | (7336)<br>| (7336)<br>|
| Citibank, N.A. | Receive | Invesco UK Broad <br> Price Momentum <br> Net Total Return <br> Index<br>| SONIA + <br> 0.570%<br>| Monthly | 760 | May—2026 | GBP | 7597439 |  | (3822)<br>| (3822)<br>|
| Citibank, N.A. | Receive | Invesco UK Broad <br> Quality Net Total <br> Return Index<br>| SONIA + <br> 0.490%<br>| Monthly | 50 | April—2026 | GBP | 557877 |  | (9005)<br>| (9005)<br>|
| Citibank, N.A. | Receive | Invesco UK Broad <br> Quality Net Total <br> Return Index<br>| SONIA + <br> 0.545%<br>| Monthly | 165 | April—2026 | GBP | 1823201 |  | (6168)<br>| (6168)<br>|
| Citibank, N.A. | Receive | MSCI EMU <br> Momentum Index<br>| ESTRON + <br> 0.139%<br>| Monthly | 710 | April—2026 | EUR | 6558937 |  | (205153)<br>| (205153)<br>|

---

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

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

------

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Open Over-The-Counter Total Return Swap Agreements**<sup>(a)</sup>**—(continued)** | **Open Over-The-Counter Total Return Swap Agreements**<sup>(a)</sup>**—(continued)** | **Open Over-The-Counter Total Return Swap Agreements**<sup>(a)</sup>**—(continued)** | **Open Over-The-Counter Total Return Swap Agreements**<sup>(a)</sup>**—(continued)** | **Open Over-The-Counter Total Return Swap Agreements**<sup>(a)</sup>**—(continued)** | **Open Over-The-Counter Total Return Swap Agreements**<sup>(a)</sup>**—(continued)** | **Open Over-The-Counter Total Return Swap Agreements**<sup>(a)</sup>**—(continued)** | **Open Over-The-Counter Total Return Swap Agreements**<sup>(a)</sup>**—(continued)** | **Open Over-The-Counter Total Return Swap Agreements**<sup>(a)</sup>**—(continued)** | **Open Over-The-Counter Total Return Swap Agreements**<sup>(a)</sup>**—(continued)** | **Open Over-The-Counter Total Return Swap Agreements**<sup>(a)</sup>**—(continued)** | **Open Over-The-Counter Total Return Swap Agreements**<sup>(a)</sup>**—(continued)** |
| **Counterparty** | **Pay/**<br> **Receive**<br>| **Reference Entity** | **Floating**<br> **Rate**<br> **Index**<br>| **Payment**<br> **Frequency**<br>| **Number of**<br> **Contracts**<br>| **Maturity Date** | **Notional Value** | **Notional Value** | **Upfront**<br> **Payments**<br> **Paid**<br> **(Received)**<br>| **Value** | **Unrealized**<br> **Appreciation**<br> **(Depreciation)**<br>|
| Citibank, N.A. | Receive | MSCI Japan <br> Minimum Volatility <br> Index<br>| TONAR - <br> 0.100%<br>| Monthly | 199178 | May—2026 | JPY | 927888639 | $— | $(107919)<br>| $(107919)<br>|
| Citibank, N.A. | Receive | MSCI Japan <br> Minimum Volatility <br> Index<br>| TONAR - <br> 0.100%<br>| Monthly | 202195 | May—2026 | JPY | 941943605 |  | (109554)<br>| (109554)<br>|
| Citibank, N.A. | Receive | MSCI Japan <br> Minimum Volatility <br> Index<br>| TONAR - <br> 0.200%<br>| Monthly | 33000 | June—2026 | JPY | 153541410 |  | (16670)<br>| (16670)<br>|
| Citibank, N.A. | Receive | MSCI Japan Quality <br> Index<br>| TONAR - <br> 0.080%<br>| Monthly | 76000 | June—2026 | JPY | 372086120 |  | (24859)<br>| (24859)<br>|
| Citibank, N.A. | Receive | MSCI Japan Quality <br> Index<br>| TONAR + <br> 0.000%<br>| Monthly | 273989 | May—2026 | JPY | 1383551293 |  | (355121)<br>| (355121)<br>|
| Citibank, N.A. | Receive | MSCI Japan Quality <br> Index<br>| TONAR + <br> 0.000%<br>| Monthly | 148011 | May—2026 | JPY | 747405226 |  | (191839)<br>| (191839)<br>|
| &nbsp;&nbsp;&nbsp; J.P. Morgan Chase Bank, <br> N.A.<br>| Receive | Invesco U.S. Large <br> Cap Broad Price <br> Momentum Total <br> Return Index<br>| SOFR + <br> 0.560%<br>| Monthly | 990 | June—2026 | USD | 12840775 |  | (256558)<br>| (256558)<br>|
| &nbsp;&nbsp;&nbsp; J.P. Morgan Chase Bank, <br> N.A.<br>| Receive | Invesco U.S. Large <br> Cap Broad Quality <br> Total Return Index<br>| SOFR + <br> 0.590%<br>| Monthly | 770 | June—2026 | USD | 12631742 |  | (42452)<br>| (42452)<br>|
| &nbsp;&nbsp;&nbsp; J.P. Morgan Chase Bank, <br> N.A.<br>| Receive | Invesco UK Broad <br> Quality Net Total <br> Return Index<br>| SONIA + <br> 0.520%<br>| Monthly | 267 | April—2026 | GBP | 2950270 |  | (9981)<br>| (9981)<br>|
| &nbsp;&nbsp;&nbsp; J.P. Morgan Chase Bank, <br> N.A.<br>| Receive | MSCI EMU <br> Momentum Index<br>| ESTRON - <br> 0.470%<br>| Monthly | 150 | June—2026 | EUR | 1354580 |  | (7382)<br>| (7382)<br>|
| &nbsp;&nbsp;&nbsp; Subtotal — Depreciation | &nbsp;&nbsp;&nbsp; Subtotal — Depreciation | &nbsp;&nbsp;&nbsp; Subtotal — Depreciation | &nbsp;&nbsp;&nbsp; Subtotal — Depreciation | &nbsp;&nbsp;&nbsp; Subtotal — Depreciation |  |  |  |  |  | (2035759)<br>| (2035759)<br>|
| &nbsp;&nbsp;&nbsp; Total — Total Return Swap Agreements | &nbsp;&nbsp;&nbsp; Total — Total Return Swap Agreements | &nbsp;&nbsp;&nbsp; Total — Total Return Swap Agreements | &nbsp;&nbsp;&nbsp; Total — Total Return Swap Agreements | &nbsp;&nbsp;&nbsp; Total — Total Return Swap Agreements |  |  |  |  | $— | $(1381530)<br>| $(1381530)<br>|

---

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

<sup>(a)</sup> The Fund receives or pays payments based on any positive or negative return on the Reference Entity, respectively.<br>

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

---

| | | |
|:---|:---|:---|
| **Reference Entity Components** | **Reference Entity Components** | **Reference Entity Components** |
| **Reference Entity** | **Underlying Components** | **Percentage** |
| **Barclays Brent Crude Roll Yield Index** |  |  |
|  | **Long Futures Contracts** |  |
|  | Brent Crude | &nbsp;&nbsp; 100.00% |
| **Barclays Soybean Meal S2 Nearby Excess Return Index** |  |  |
|  | **Long Futures Contracts** |  |
|  | Soybean Meal | &nbsp;&nbsp; 100.00% |
| **Barclays Soybean Oil Seasonal Index** |  |  |
|  | **Long Futures Contracts** |  |
|  | Soybean Oil | &nbsp;&nbsp; 100.00% |
| **Barclays Soybeans Seasonal Excess Return Index** |  |  |
|  | **Long Futures Contracts** |  |
|  | Soybean | &nbsp;&nbsp; 100.00% |
| **Barclays Wheat Seasonal Index** |  |  |
|  | **Long Futures Contracts** |  |
|  | Wheat | &nbsp;&nbsp; 100.00% |

---

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

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

------

---

| | | |
|:---|:---|:---|
| **Reference Entity Components—(continued)** | **Reference Entity Components—(continued)** | **Reference Entity Components—(continued)** |
| **Reference Entity** | **Underlying Components** | **Percentage** |
| **BNP Paribas Commodity Daily Dynamic Curve CL Index** |  |  |
|  | **Long Futures Contracts** |  |
|  | Crude Oil | &nbsp;&nbsp; 100.00% |
| **BNP Paribas Commodity Daily Dynamic Curve CO Index** |  |  |
|  | **Long Futures Contracts** |  |
|  | Brent Crude | &nbsp;&nbsp; 100.00% |
| **Canadian Imperial Bank of Commerce Seasonally Enhanced Bean Oil** <br> **Commodity Index**<br>|  |  |
|  | **Long Futures Contracts** |  |
|  | Soybean Oil | &nbsp;&nbsp; 100.00% |
| **Canadian Imperial Bank of Commerce Seasonally Enhanced Cotton** <br> **Commodity Excess Return Index**<br>|  |  |
|  | **Long Futures Contracts** |  |
|  | Cotton | &nbsp;&nbsp; 100.00% |
| **Canadian Imperial Bank of Commerce Seasonally Enhanced Live Cattle** <br> **Commodity Index**<br>|  |  |
|  | **Long Futures Contracts** |  |
|  | Live Cattle | &nbsp;&nbsp; 100.00% |
| **Canadian Imperial Bank of Commerce Soybean Meal 1 Excess Return** <br> **Commodity Index**<br>|  |  |
|  | **Long Futures Contracts** |  |
|  | Soybean Meal | &nbsp;&nbsp; 100.00% |
| **CIBZ Enhanced Sugar 2 Excess Return Index** |  |  |
|  | **Long Futures Contracts** |  |
|  | Sugar | &nbsp;&nbsp; 100.00% |
| **Citi Commodities Benchmark (Regular Roll) Mono Index Coffee** |  |  |
|  | **Long Futures Contracts** |  |
|  | Coffee | &nbsp;&nbsp; 100.00% |
| **Enhanced Strategy AB44 on the S&P GSCI Corn Excess Return Index** |  |  |
|  | **Long Futures Contracts** |  |
|  | Corn | &nbsp;&nbsp; 100.00% |
| **Enhanced Strategy BNZ0Y on the S&P GSCI Soybean Oil Excess** <br> **Return Index**<br>|  |  |
|  | **Long Futures Contracts** |  |
|  | Soybean Oil | &nbsp;&nbsp; 100.00% |
| **Goldman Sachs Heating Oil F0 Standard Roll Excess Return Index** |  |  |
|  | **Long Futures Contracts** |  |
|  | Heating Oil | &nbsp;&nbsp; 100.00% |
| **S&P GSCI Wheat Excess Return A48 Strategy** |  |  |
|  | **Long Futures Contracts** |  |
|  | Wheat | &nbsp;&nbsp; 100.00% |

---

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

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

------

---

| | | |
|:---|:---|:---|
| **Reference Entity Components—(continued)** | **Reference Entity Components—(continued)** | **Reference Entity Components—(continued)** |
| **Reference Entity** | **Underlying Components** | **Percentage** |
| **J.P. Morgan Contag Beta Gas Oil Excess Return Index** |  |  |
|  | **Long Futures Contracts** |  |
|  | Gas Oil | &nbsp;&nbsp; 100.00% |
| **J.P. Morgan Front Month Heating Oil Excess Return Index** |  |  |
|  | **Long Futures Contracts** |  |
|  | Heating Oil | &nbsp;&nbsp; 100.00% |
| **Macquarie Aluminum Dynamic Selection Index** |  |  |
|  | **Long Futures Contracts** |  |
|  | Aluminum | &nbsp;&nbsp; 100.00% |
| **MLCISCE Excess Return Index** |  |  |
|  | **Long Futures Contracts** |  |
|  | Corn | &nbsp;&nbsp; 100.00% |
| **MLCX Aluminum Annual Excess Return Index** |  |  |
|  | **Long Futures Contracts** |  |
|  | Aluminum | &nbsp;&nbsp; 100.00% |
| **MLCX Natural Gas Annual Excess Return Index** |  |  |
|  | **Long Futures Contracts** |  |
|  | Natural Gas | &nbsp;&nbsp; 100.00% |
| **MLCX6CTE Excess Return Index** |  |  |
|  | **Long Futures Contracts** |  |
|  | Cotton | &nbsp;&nbsp; 100.00% |
| **RBC Commodity CT01 Excess Return Custom Index** |  |  |
|  | **Long Futures Contracts** |  |
|  | Cotton | &nbsp;&nbsp; 100.00% |
| **RBC Commodity KCEO Excess Return Custom Index** |  |  |
|  | **Long Futures Contracts** |  |
|  | Coffee | &nbsp;&nbsp; 100.00% |
| **RBC Commodity SB01 Excess Return Custom Index** |  |  |
|  | **Long Futures Contracts** |  |
|  | Sugar | &nbsp;&nbsp; 100.00% |
| **RBC Commodity SO01 Excess Return Custom Index** |  |  |
|  | **Long Futures Contracts** |  |
|  | Soybean | &nbsp;&nbsp; 100.00% |
| **BNP Paribas Commodity Daily Dynamic Curve LP Index** |  |  |
|  | **Long Futures Contracts** |  |
|  | Copper | &nbsp;&nbsp; 100.00% |
| **CIBC Seasonally Enhanced Lean Hog Commodity Index** |  |  |
|  | **Long Futures Contracts** |  |
|  | Lean Hog | &nbsp;&nbsp; 100.00% |

---

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

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

------

---

| | | |
|:---|:---|:---|
| **Reference Entity Components—(continued)** | **Reference Entity Components—(continued)** | **Reference Entity Components—(continued)** |
| **Reference Entity** | **Underlying Components** | **Percentage** |
| **Citi Commodities Curve Beta Enhanced Distributed Mono Index - WTI** <br> **Crude Oil (Excess Return)**<br>|  |  |
|  | **Long Futures Contracts** |  |
|  | Crude Oil | &nbsp;&nbsp; 100.00% |
| **Citi Commodities Curve Beta Enhanced Extended Copper (Daily** <br> **Rebalancing) Excess Return Index**<br>|  |  |
|  | **Long Futures Contracts** |  |
|  | Copper | &nbsp;&nbsp; 100.00% |
| **Enhanced Strategy AB42 on the S&P GSCI Soybeans Excess Return** |  |  |
|  | **Long Futures Contracts** |  |
|  | Soybean | &nbsp;&nbsp; 100.00% |
| **Macquarie Single Commodity Soymeal type A Excess Return** |  |  |
|  | **Long Futures Contracts** |  |
|  | Soybean Meal | &nbsp;&nbsp; 100.00% |
| **S&P GSCI Aluminum Dynamic Index Excess Return** |  |  |
|  | **Long Futures Contracts** |  |
|  | Aluminum | &nbsp;&nbsp; 100.00% |

---

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

---

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

---

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

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

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

------

**Notes to Quarterly Consolidated Schedule of Portfolio Holdings**

*March 31, 2026*

*(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 March 31, 2026. The level assigned to the securities valuations may not be an indication of the risk or liquidity associated with investing in those securities. Because of the inherent uncertainties of valuation, the values reflected in the consolidated financial statements may materially differ from the value received upon actual sale of those investments.

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Level 1** | **Level 2** | **Level 3** | **Total** |
| <br>**Investments in Securities** |  |  |  |  |
| U.S. Treasury Securities | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $8954459 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $8954459 |
| Money Market Funds | &nbsp;&nbsp;&nbsp;&nbsp; 370439333 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 370439333 |
| Options Purchased | &nbsp;&nbsp;&nbsp;&nbsp; 3819435 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 3819435 |
| **Total Investments in Securities** | &nbsp;&nbsp;&nbsp;&nbsp; 374258768 | &nbsp;&nbsp;&nbsp;&nbsp; 8954459 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 383213227 |
| **Other Investments - Assets\*** |  |  |  |  |
| Futures Contracts | &nbsp;&nbsp;&nbsp;&nbsp; 2733900 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2733900 |
| Swap Agreements | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 8288762 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 8288762 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; 2733900 | &nbsp;&nbsp;&nbsp;&nbsp; 8288762 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 11022662 |
| **Other Investments - Liabilities\*** |  |  |  |  |
| Futures Contracts | &nbsp;&nbsp;&nbsp;&nbsp; (12780937)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (12780937)<br>|
| Swap Agreements | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (2961822)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (2961822)<br>|
|  | &nbsp;&nbsp;&nbsp;&nbsp; (12780937)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (2961822)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (15742759)<br>|
| **Total Other Investments** | &nbsp;&nbsp;&nbsp;&nbsp; (10047037)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 5326940 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (4720097)<br>|
| **Total Investments** | &nbsp;&nbsp;&nbsp;&nbsp; $364211731 | &nbsp;&nbsp;&nbsp;&nbsp; $14281399 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $378493130 |

---

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

\* Unrealized appreciation (depreciation).

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

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** Houston

  - **State:** TX

  - **Foreign country:** US

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

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

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

- **a. Name of Series:** Invesco V.I. Balanced-Risk Allocation Fund

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

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

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

- **a. Date of fiscal year-end:** 2026-12-31

- **b. Date as of which information is reported:** 2026-03-31

**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:** $442827477.93

**Total Liabilities:** $16294766.32

**Net Assets:** $426532711.61

**Amount of Assets Invested in Other Investment Companies:** $102664191.00

**Cash Not Reported:** $46169903.22

**Currency Risk Metrics (dv01):**

- 

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

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

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

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

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000095034 | 5.34%                | 7.16%                | 0.00%                |
| Class ID C000095035 | 5.36%                | 7.12%                | -0.00%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $1910.20                                   |
| Month 2  | $0.00                    | $730.77                                    |
| Month 3  | $0.00                    | $-1513.54                                  |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                                                               | Title                                                                            | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| N/A                                                                | EURO STOXX 50 Index Option                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |        26 | NC      | $47271.96     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | Euro-Bund Future                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |       584 | NC      | $-1722987.47  | -0.40%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | U.S. Treasury Long Bond Future                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |       544 | NC      | $-1739289.40  | -0.41%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | Citibank, N.A.                                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |         1 | NC      | $123786.02    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | Citigroup Global Markets Limited                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |         1 | NC      | $-355121.37   | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | Royal Bank of Canada                                                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | N/A       |         1 | NC      | $470047.20    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | Morgan Stanley Capital Services LLC                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | N/A       |         1 | NC      | $-90096.30    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | UBS AG                                                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |         1 | NC      | $73390.63     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | FTSE 100 Index Option                                                            | CUSIP: 01V2SYK86<br>LEI: N/A                  | N/A              | DE               |  | N/A       |        18 | NC      | $39191.81     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | MSCI Emerging Markets Index Future                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |       426 | NC      | $-902594.15   | -0.21%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | FTSE 100 Index Option                                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |        18 | NC      | $95537.48     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | Merrill Lynch International                                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | N/A       |         1 | NC      | $158198.60    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | BNP Paribas                                                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |         1 | NC      | $255362.19    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | Citibank, N.A.                                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | N/A       |         1 | NC      | $57474.00     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Invesco Premier U.S. Government Money Portfolio                    | Invesco Premier U.S. Government Money Portfolio, Institutional Class             | CUSIP: 00142W843<br>LEI: 549300TCMEM5428K3T88 | Long             | STIV             | RF                | US        |  54998478 | NS      | $54998477.51  | 12.89%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | JPMorgan Chase Bank, National Association                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |         1 | NC      | $37493.16     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | Japan 10 year Bonds Future                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |       115 | NC      | $-1171144.33  | -0.27%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | Citibank, N.A.                                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |         1 | NC      | $-7335.70     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | Nikkei 225 Index Option                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |         5 | NC      | $150278.82    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Treasury Portfolio                                         | Invesco Treasury Portfolio, Institutional Class                                  | CUSIP: 825252406<br>LEI: 5493004B3TM8ZIDDDC39 | Long             | STIV             | RF                | US        |  51022290 | NS      | $51022289.80  | 11.96%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | EURO STOXX 50 Index Option                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |        26 | NC      | $110501.59    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | Canadian Imperial Bank of Commerce                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | N/A       |         1 | NC      | $410831.20    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | MSCI Emerging Markets Index Option                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |        10 | NC      | $1125.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | EURO STOXX 50 Index Option                                                       | CUSIP: 01J17THM7<br>LEI: N/A                  | N/A              | DE               |  | N/A       |        26 | NC      | $67527.08     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | Goldman Sachs International                                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |         1 | NC      | $167400.00    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | EURO STOXX 50 Index Option                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |        27 | NC      | $171425.30    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | Nikkei 225 Index Option                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |         5 | NC      | $32607.67     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | BNP Paribas                                                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |         1 | NC      | $-47390.41    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | Royal Bank of Canada                                                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |         1 | NC      | $94152.42     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | JPMorgan Chase Bank, National Association                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |         1 | NC      | $-7382.11     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | Nikkei 225 Index Option                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |         5 | NC      | $180523.61    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Government Money Market Fund                               | Invesco Government Money Market Fund, Cash Reserve Shares                        | CUSIP: 00142C771<br>LEI: 549300FZWHBQKHBZX613 | Long             | STIV             | RF                | US        |  58131044 | NS      | $58131043.93  | 13.63%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | Nikkei 225 Index Option                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |         5 | NC      | $166346.37    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | Citibank, N.A.                                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | N/A       |         1 | NC      | $-164699.28   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | FTSE 100 Index Option                                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |        18 | NC      | $187977.74    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Treasury Obligations Portfolio                             | Invesco Treasury Obligations Portfolio, Institutional Class                      | CUSIP: 825252505<br>LEI: 549300AX0P1O1RVENL43 | Long             | STIV             | RF                | US        |  61730465 | NS      | $61730464.55  | 14.47%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | Australia 10 Year Bonds Future                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |      1112 | NC      | $-81279.77    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | JPMorgan Chase Bank, National Association                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |         1 | NC      | $-256558.10   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | Citigroup Global Markets Limited                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |         1 | NC      | $-16669.99    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | Nikkei 225 Index Option                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |         5 | NC      | $73406.63     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | Gasoline Reformulated Blendstock Oxygenate Blending Future                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | N/A       |       109 | NC      | $1053881.44   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | FTSE 100 Index Option                                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |        17 | NC      | $15638.34     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | Citibank, N.A.                                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |         1 | NC      | $114463.60    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | BNP Paribas                                                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | N/A       |         1 | NC      | $532000.95    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | EURO STOXX 50 Index Option                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |        26 | NC      | $8474.69      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | JPMorgan Chase Bank, National Association                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | N/A       |         1 | NC      | $668442.59    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | MSCI Emerging Markets Index Option                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |        11 | NC      | $33000.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | EURO STOXX 50 Index Option                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |        27 | NC      | $151077.71    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | Merrill Lynch International                                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | N/A       |         1 | NC      | $79193.60     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | MSCI Emerging Markets Index Option                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |        11 | NC      | $99000.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | MSCI Emerging Markets Index Option                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |        11 | NC      | $81400.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | Citigroup Global Markets Limited                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |         1 | NC      | $2519.39      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | Nikkei 225 Index Option                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |         5 | NC      | $113575.50    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco V.I. Government Money Market Fund                          | Invesco V.I. Government Money Market Fund, Series I                              | CUSIP: 008892606<br>LEI: 549300BTSK7KTYK5O237 | Long             | STIV             | RF                | US        |   9240310 | NS      | $9240309.66   | 2.17%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | Barclays Bank PLC                                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | N/A       |         1 | NC      | $45511.44     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | Low Sulphur Gas Oil Future                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | N/A       |        38 | NC      | $1419402.35   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | FTSE 100 Index Option                                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |        18 | NC      | $55273.56     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | Silver Future                                                                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | N/A       |        24 | NC      | $-419244.24   | -0.10%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | JPMorgan Chase Bank, National Association                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | N/A       |         1 | NC      | $949360.24    | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | EURO STOXX 50 Index Option                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |        27 | NC      | $173578.65    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | Barclays Bank PLC                                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | N/A       |         1 | NC      | $509558.42    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | Nikkei 225 Index Future                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |        38 | NC      | $-668807.25   | -0.16%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | Nikkei 225 Index Option                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |         5 | NC      | $266689.77    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | Canadian Imperial Bank of Commerce                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | N/A       |         1 | NC      | $186278.94    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | Citibank, N.A.                                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |         1 | NC      | $-205152.93   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | Citigroup Global Markets Limited                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |         1 | NC      | $-191839.35   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | Morgan Stanley & Co. International PLC                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |         1 | NC      | $111509.14    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | Goldman Sachs International                                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | N/A       |         1 | NC      | $28267.33     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | Citibank, N.A.                                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |         1 | NC      | $945.14       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | BNP Paribas                                                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |         1 | NC      | $-14661.49    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | JPMorgan Chase Bank, National Association                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |         1 | NC      | $43344.10     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | Royal Bank of Canada                                                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | N/A       |         1 | NC      | $40192.30     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | Barclays Bank PLC                                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | N/A       |         1 | NC      | $365970.78    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | Barclays Bank PLC                                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | N/A       |         1 | NC      | $27658.73     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | Gold 100 Oz. Future                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | N/A       |        47 | NC      | $80081.13     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | Nikkei 225 Index Option                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |         4 | NC      | $9073.44      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | MSCI Emerging Markets Index Option                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |        11 | NC      | $214500.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | Citibank, N.A.                                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |         1 | NC      | $-205694.80   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| Invesco Liquidity Funds PLC, Invesco US Dollar Liquidity Portfolio | Invesco Liquidity Funds PLC, Invesco US Dollar Liquidity Portfolio, Agency Class | CUSIP: G8114D431<br>LEI: 54930019DCE0F2PV4F17 | Long             | STIV             | RF                | IE        |  31647608 | NS      | $31647608.47  | 7.42%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | MSCI Emerging Markets Index Option                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |        10 | NC      | $4650.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | Goldman Sachs International                                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | N/A       |         1 | NC      | $200617.74    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | Goldman Sachs International                                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | N/A       |         1 | NC      | $1491737.25   | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | JPMorgan Chase Bank, National Association                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |         1 | NC      | $-42452.36    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | FTSE 100 Index Option                                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |        18 | NC      | $73142.16     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | Royal Bank of Canada                                                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | N/A       |         1 | NC      | $63632.66     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | Nikkei 225 Index Option                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |         5 | NC      | $10081.60     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | Canadian Imperial Bank of Commerce                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | N/A       |         1 | NC      | $189612.70    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | Macquarie Bank Limited                                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | N/A       |         1 | NC      | $-53866.71    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | Citibank, N.A.                                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |         1 | NC      | $94001.70     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | FTSE 100 Index Option                                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |        17 | NC      | $1575.08      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | Citigroup Global Markets Limited                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |         1 | NC      | $-24858.45    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | FTSE 100 Index Future                                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |        32 | NC      | $-76535.49    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | Goldman Sachs International                                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | N/A       |         1 | NC      | $-103580.10   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | EURO STOXX 50 Index Option                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |        26 | NC      | $46250.19     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | Barclays Bank PLC                                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | N/A       |         1 | NC      | $66636.70     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | BNP Paribas                                                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | N/A       |         1 | NC      | $-48142.50    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | EURO STOXX 50 Index Option                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |        26 | NC      | $104370.96    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | JPMorgan Chase Bank, National Association                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |         1 | NC      | $-9981.12     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | Citigroup Global Markets Limited                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |         1 | NC      | $-109553.88   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | Canadian Imperial Bank of Commerce                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | N/A       |         1 | NC      | $-7339.41     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | Canada 10 Year Bond Future                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |      1173 | NC      | $-1735822.89  | -0.41%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | Citibank, N.A.                                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |         1 | NC      | $-3821.94     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | MSCI Emerging Markets Index Option                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |        11 | NC      | $26400.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | FTSE 100 Index Option                                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |        18 | NC      | $27398.53     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | Merrill Lynch International                                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | N/A       |         1 | NC      | $277817.69    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | BNP Paribas                                                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |         1 | NC      | $-62005.01    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | Citigroup Global Markets Limited                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |         1 | NC      | $-107919.20   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | EURO STOXX 50 Index Option                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |        26 | NC      | $20104.86     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | Merrill Lynch International                                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |         1 | NC      | $184326.67    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | BNP Paribas                                                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |         1 | NC      | $-315372.00   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| Invesco Government & Agency Portfolio                              | Invesco Government & Agency Portfolio, Institutional Class                       | CUSIP: 825252885<br>LEI: 5493007T1J7WZ5QI1A47 | Long             | STIV             | RF                | US        | 103669139 | NS      | $103669139.25 | 24.31%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | EURO STOXX 50 Index Future                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |       114 | NC      | $-275167.07   | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | Citibank, N.A.                                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | N/A       |         1 | NC      | $-458338.73   | -0.11%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | MSCI Emerging Markets Index Option                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |        10 | NC      | $11000.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | Royal Bank of Canada                                                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | N/A       |         1 | NC      | $46740.70     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | Goldman Sachs International                                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | N/A       |         1 | NC      | $4199.19      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | E-Mini Russell 2000 Index Future                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |       236 | NC      | $180535.57    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| U.S. Treasury Floating Rate Notes                                  | U.S. Treasury Floating Rate Notes                                                | CUSIP: 91282CLA7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   8950000 | PA      | $8954458.53   | 2.10%             | 2026-07-31      | Floating      | 3.83%                 | No            |                  2 | On Loan: No      |
| N/A                                                                | MSCI Emerging Markets Index Option                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |        11 | NC      | $138600.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | Canadian Imperial Bank of Commerce                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | N/A       |         1 | NC      | $128963.64    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | Merrill Lynch International                                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | N/A       |         1 | NC      | $53253.00     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | Macquarie Bank Limited                                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |         1 | NC      | $2343.60      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | BNP Paribas                                                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |         1 | NC      | $72320.84     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | Citibank, N.A.                                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |         1 | NC      | $-6168.11     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | MSCI Emerging Markets Index Option                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |        11 | NC      | $99605.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | Barclays Bank PLC                                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |         1 | NC      | $76025.00     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | Citibank, N.A.                                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |         1 | NC      | $-9384.51     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | Canadian Imperial Bank of Commerce                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | N/A       |         1 | NC      | $10529.28     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | EURO STOXX 50 Index Option                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |        27 | NC      | $119620.10    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | Citibank, N.A.                                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |         1 | NC      | $147351.37    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | Macquarie Bank Limited                                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | N/A       |         1 | NC      | $247913.75    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | FTSE 100 Index Option                                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |        18 | NC      | $132227.69    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | Citibank, N.A.                                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |         1 | NC      | $-9005.31     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | BNP Paribas                                                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |         1 | NC      | $-27430.86    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | EURO STOXX 50 Index Option                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |        26 | NC      | $45709.25     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | FTSE 100 Index Option                                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |        17 | NC      | $18000.97     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | Nikkei 225 Index Option                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |         5 | NC      | $42059.17     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | Long Gilt Future                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |       586 | NC      | $-3860591.54  | -0.91%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | Nikkei 225 Index Option                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |         5 | NC      | $35600.64     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | J.P. Morgan Securities PLC                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |         1 | NC      | $64992.00     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | MSCI Emerging Markets Index Option                                               | CUSIP: 01WNQVTB5<br>LEI: N/A                  | N/A              | DE               |  | N/A       |        11 | NC      | $46200.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | JPMorgan Chase Bank, National Association                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |         1 | NC      | $9183.60      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | BNP Paribas                                                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | N/A       |         1 | NC      | $492261.88    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | E-Mini S&P 500 Index Future                                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |        22 | NC      | $-127473.50   | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | FTSE 100 Index Option                                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |        17 | NC      | $5850.31      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | Nikkei 225 Index Option                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |         4 | NC      | $10081.60     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | FTSE 100 Index Option                                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |        18 | NC      | $81004.35     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | MSCI Emerging Markets Index Option                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |        11 | NC      | $174900.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-04-30

**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