Invesco V.I. Managed Volatility Fund

Data updated: 2021-05-28

C000000442 — Invesco V.I. Managed Volatility Fund. Developed ex-US Real Estate · $31.54M AUM. Holdings, fees, performance and SEC filings.

C000000442 Fund Overview

Invesco V.I. Managed Volatility Fund is a US mutual fund managed by AIM Variable Insurance Funds (Invesco Variable Insurance Funds), categorised as Developed ex-US Real Estate. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

C000000442 Investment Objective and Strategy

Invesco V.I. Managed Volatility 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 both capital appreciation and current income while managing portfolio volatility.

Principal investment strategy

The Fund invests primarily in equity and fixed income securities, and derivatives and other instruments that have economic characteristics similar to such securities. The Fund will also invest in derivatives that Invesco Advisers, Inc. (Invesco or the Adviser) believes will decrease the volatility level of the Funds annual returns. The Fund invests, under normal circumstances, at least 65% of its net assets in income-producing equity investments. The Fund may invest in income-producing equity instruments (subject to the 65% policy above), debt securities and warrants or rights to acquire such securities, in such proportions as economic conditions indicate would best accomplish the Funds objectives. It is the current operating policy of the Fund to invest in debt securities rated investment grade.

This operating policy does not apply to convertible securities, which are selected primarily on the basis of their equity characteristics. The Fund may invest in securities of issuers of all capitalization sizes; however, a substantial number of the issuers in which the Fund invests are large-capitalization issuers. The Fund may invest in real estate investment trusts (REITs). The Fund may invest in securities of foreign issuers or depository receipts. The Fund can invest in derivative instruments including forward foreign currency contracts, futures contracts and options. The Fund can use forward foreign currency contracts to hedge against adverse movements in the foreign currencies in which portfolio securities are denominated. The Fund can use futures contracts to seek exposure to certain asset classes and to hedge against adverse movements in the foreign currencies in which portfolio securities are denominated.

The Fund can use options to seek alpha (return on investments in excess of the Russell 1000 Value Index) or to mitigate risk and to hedge against adverse movements in the foreign currencies in which portfolio securities are denominated. The Adviser also employs a risk management process intended to manage the volatility level of the Funds annual returns. The Adviser may sell exchange-traded futures contracts to target a maximum annual volatility level for the Funds returns of approximately 10%. The Adviser may sell futures contracts as often as daily to lower the Funds expected volatility level but does not expect to sell futures contracts when the Funds volatility level is within the target range. Due to market conditions or other factors, the actual or realized volatility of the Fund for any particular period of time may be materially higher or lower than the target maximum annual level.

The Funds target maximum annual volatility level of 10% is not a total return performance target. It is possible for the Fund to maintain its volatility at or under its target maximum annual volatility level while having negative performance returns. Efforts to manage the Funds volatility could limit the Funds gains in rising markets, may expose the Fund to costs to which it would otherwise not have been exposed, and if unsuccessful may result in substantial losses. In selecting securities, the Adviser focuses on a securitys potential for income with safety of principal and long-term growth of capital. The Adviser emphasizes a value style of investing, which focuses on undervalued companies with characteristics for improved valuations. This catalyst could come from within the company in the form of new management, operational enhancements, restructuring or reorganization.

It could also be an external factor, such as an improvement in industry conditions or a regulatory change. The Adviser may dispose of a security when it has reached the Advisers estimate of fair value or when the Adviser identifies a more attractive investment opportunity.

C000000442 Performance

Total returns for C000000442 (as of 2026-10-01), from SEC filings.

PeriodTotal return
1 year24.0%

C000000442 Risk Information

Risk metrics for C000000442, derived from monthly returns in SEC filings.

  • 1-year volatility (annualised): 9.0%

C000000442 Costs and Fees

C000000442 costs about $108 per $10,000 invested per year in fund expenses.

  • Net expense ratio: 1.08%
  • Gross expense ratio: 1.09%
  • Portfolio turnover: 109%
  • Brokerage commissions: 3.51 bps of average net assets (SEC N-CEN)

C000000442 Cashflows

Over the 12 months to 2021-03, Invesco V.I. Managed Volatility Fund had net outflows of $2.25M, from monthly SEC N-PORT filings.

MonthNet flow
2021-03−$268.59K
2021-02−$386.98K
2021-01−$438.48K
2020-12−$341.50K
2020-11−$206.68K
2020-10$748.57K

C000000442 Debt Constituents

No individual debt constituents are reported in Invesco V.I. Managed Volatility Fund's latest SEC N-PORT filing.

C000000442 Prospectus and SEC Filings

Official Invesco V.I. Managed Volatility Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

Related Funds

Other Developed ex-US Real Estate 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.