C000000423 Fees and Costs — Invesco V.I. Small Cap Equity Fund
Data updated: 2026-08-25
The net expense ratio is 1.21%: a 0.74% management fee, a 0.25% 12b-1 fee plus 0.22% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $168K in broker commissions, 0.0791% of average net assets, and portfolio turnover was 58%.
C000000423 Fees and Expenses
Annual operating expenses and sales charges of C000000423. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.74% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.22% |
| Gross expense ratio | 1.21% |
| Fee waiver | — |
| Net expense ratio | 1.21% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
C000000423 Costs Over Time
On $10,000 invested in C000000423, assuming 5% a year before costs, total costs come to $802 over 5 years, cutting the return by 1.35% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 1.21%) | $127 | $395 | $683 |
| Trading costs (broker commissions) | $8 | $26 | $45 |
| Lost growth on money paid in costs | $0 | $21 | $74 |
| Total costs | $135 | $442 | $802 |
| Value after costs | $10,365 | $11,134 | $11,961 |
| Impact on return, per year | 1.35% | 1.35% | 1.35% |
C000000423 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0791%
- Total broker commissions: $168K
- Bought from dealers (principal trades, not a cost): $5.1M
- Portfolio turnover (prospectus): 58%
- Securities on loan, average value: $32.1M
- Net income from securities lending: $70K (0.033% of average net assets)
C000000423 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| INVESCO CAPITAL MARKETS, INC. | $33K | 21.83% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $21K | 13.87% |
| UBS SECURITIES LLC | $20K | 12.97% |
| GOLDMAN, SACHS & CO. | $18K | 11.73% |
| CITIGROUP GLOBAL MARKETS INC. | $16K | 10.42% |
| J.P. MORGAN SECURITIES LLC | $15K | 9.62% |
| MORGAN STANLEY & CO. LLC | $14K | 8.91% |
| LIQUIDNET, INC. | $6K | 3.65% |
| Level Markets, LLC. | $5K | 3.51% |
| RBC CAPITAL MARKETS, LLC | $5K | 3.49% |
C000000423 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CITIGROUP GLOBAL MARKETS INC. | $1.8M | 34.73% |
| MORGAN STANLEY & CO. LLC | $1.6M | 31.39% |
| PERSHING LLC | $540K | 10.65% |
| J.P. MORGAN SECURITIES LLC | $534K | 10.54% |
| Piper Sandler & Co. | $346K | 6.82% |
| GOLDMAN, SACHS & CO. | $298K | 5.87% |
Invesco V.I. Small Cap Equity Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000000422 | Invesco VI Small Cap Equity Fund Series I | 0.96% | none |
| C000000423 | Invesco VI Small Cap Equity Fund Series II | 1.21% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.