Invesco V.I. Small Cap Equity Fund
Data updated: 2026-08-25
C000000422 — Invesco V.I. Small Cap Equity Fund. United States Mid Cap Blend / Core Equity · $195.18M AUM. Holdings, fees, performance and SEC filings.
C000000422 Fund Overview
Invesco V.I. Small Cap Equity Fund is a US mutual fund managed by AIM Variable Insurance Funds (Invesco Variable Insurance Funds), categorised as United States Mid Cap Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: AIM Variable Insurance Funds (Invesco Variable Insurance Funds)
- Category: United States Mid Cap Blend / Core Equity
- Assets under management: $195.18M
- 1-year return: 31.4%
- SEC CIK: 0000896435
- SEC series ID: S000000188
- Share class ID: C000000422
C000000422 Investment Objective and Strategy
Invesco V.I. Small Cap Equity Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by AIM Variable Insurance Funds (Invesco Variable Insurance Funds).
Investment objective
The Fund's investment objective is long-term growth of capital.
Principal investment strategy
The Fund invests, under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities of small-capitalization issuers. The principal type of equity securities in which the Fund invests is common stock. The Fund considers a small-capitalization issuer to be one that has a market capitalization no larger than the market capitalization of the largest capitalized issuer included in the Russell 2000 Index during the most recent 11-month period (based on month-end data) plus the most recent data during the current month. An issuers market capitalization is the value of its outstanding stock. The Fund may invest up to 15% of its net assets in real estate investment trusts (REITs). The Fund may also invest up to 25% of its net assets in foreign securities.
In selecting investments, the portfolio managers utilize a disciplined portfolio construction process that calibrates the Funds sector related exposure relative to the Russell 2000 Index, which the portfolio managers believe generally represents the small cap core asset class. The Fund uses this index as a guide in structuring and reviewing the portfolio, but the Fund is not an index fund that seeks to replicate the performance of the index. The security selection process is based on a three-step process that includes fundamental, valuation and timeliness analysis. ? Fundamental analysis involves building a series of financial models, as well as conducting in-depth interviews with management. The goal is to find high quality, fundamentally sound issuers operating in an attractive industry.
? Valuation analysis focuses on identifying attractively valued securities given their growth potential over a one- to two-year horizon. ? Timeliness analysis is used to help identify the timeliness of a purchase. In this step, relative price strength, trading volume characteristics, and trend analysis are reviewed for signs of deterioration. If a security shows signs of deterioration, it will not be considered as a candidate for the portfolio. The portfolio managers consider selling a security if the investment thesis for owning the security is no longer valid, the stock reaches its price target or timeliness factors indicate that the risk/return characteristics of the stock as viewed in the market are no longer attractive.
C000000422 Holdings
Top 10 holdings of Invesco V.I. Small Cap Equity Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Invesco Private Prime Fund | 16.92% |
| Invesco Private Government Fund | 5.61% |
| MKS Inc. | 2.64% |
| Allegro Microsystems, Inc. | 2.64% |
| Forgent Power Solutions, Inc. | 2.15% |
| Sanmina Corp. | 2.08% |
| BrightSpring Health Services, Inc. | 2.08% |
| Entegris, Inc. | 2.07% |
| IES Holdings, Inc. | 2.00% |
| ITT Inc. | 1.92% |
C000000422 Portfolio Allocation
Asset-class allocation of Invesco V.I. Small Cap Equity Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 98.2% |
| Cash & Equivalents | 24.4% |
C000000422 Performance
Total returns for C000000422 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 25.6% |
| 1 year | 31.4% |
| 3 years (annualised) | 19.3% |
| 5 years (annualised) | 8.7% |
C000000422 Risk Information
Risk metrics for C000000422, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 17.8%
C000000422 Costs and Fees
C000000422 costs about $96 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.96%
- Gross expense ratio: 0.96%
- Portfolio turnover: 58%
- Brokerage commissions: 7.91 bps of average net assets (SEC N-CEN)
C000000422 Cashflows
Over the 12 months to 2026-06, Invesco V.I. Small Cap Equity Fund had net outflows of $79.55M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$1.55M |
| 2026-05 | −$1.82M |
| 2026-04 | −$679.93K |
| 2026-03 | −$1.67M |
| 2026-02 | −$2.29M |
| 2026-01 | −$2.02M |
C000000422 Debt Constituents
No individual debt constituents are reported in Invesco V.I. Small Cap Equity Fund's latest SEC N-PORT filing.
C000000422 Prospectus and SEC Filings
Official Invesco V.I. Small Cap Equity Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-04-29
- Prospectus (485BPOS) — filed 2025-04-29
- Prospectus (485BPOS) — filed 2024-04-25
- Portfolio holdings (N-PORT) — filed 2026-08-25
- Portfolio holdings (N-PORT) — filed 2026-05-28
- Portfolio holdings (N-PORT) — filed 2026-02-27
- Annual census (N-CEN) — filed 2026-03-16
- Annual census (N-CEN) — filed 2025-03-17
Related Funds
Other United States Mid Cap Blend / Core Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.