Invesco V.I. Core Plus Bond Fund
Data updated: 2026-08-25
C000000456 — Invesco V.I. Core Plus Bond Fund. Long Total / Aggregate Bond · $171.57M AUM · 0.62% expense ratio. Holdings, fees, performance and SEC filings.
C000000456 Fund Overview
Invesco V.I. Core Plus Bond Fund is a US mutual fund managed by AIM Variable Insurance Funds (Invesco Variable Insurance Funds), categorised as Long Total / Aggregate Bond. 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: Long Total / Aggregate Bond
- Assets under management: $171.57M
- 1-year return: 4.5%
- SEC CIK: 0000896435
- SEC series ID: S000000205
- Share class ID: C000000456
C000000456 Investment Objective and Strategy
Invesco V.I. Core Plus Bond 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 Funds investment objective is total return, comprised of current income and capital appreciation.
Principal investment strategy
The Fund invests, under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in fixed income securities and in derivatives and other instruments that have economic characteristics similar to such securities. The Fund invests primarily in investment grade fixed-income securities generally represented by the Bloomberg U.S. Aggregate Bond Index (the benchmark index). The principal types of fixed-income securities in which the Fund invests are corporate bonds, U.S. Treasury and agency securities, and mortgage-backed and asset-backed securities. The Fund may invest up to 20% of its net assets in debt securities rated below investment grade. Below investment grade securities are commonly referred to as junk bonds. The Fund may invest up to 30% of its net assets in foreign debt securities, including debt securities of issuers located in emerging market countries, i.e., those that are generally in the early stages of their industrial cycles.
The Fund may invest up to 20% of the Funds net assets in currencies and securities, including foreign currency derivatives, denominated in currencies other than the U.S. dollar. The Fund may purchase mortgage-backed and asset-backed securities such as collateralized mortgage obligations (CMOs), collateralized loan obligations (CLOs) and collateralized debt obligations (CDOs) of any rating, which are counted toward the 80% investment requirement. The Fund may invest in illiquid or thinly traded securities. The Fund may also invest in securities that are subject to resale restrictions such as those contained in Rule 144A promulgated under the Securities Act of 1933, as amended. The Fund may purchase municipal securities. The Funds investments may also include securities that do not produce immediate cash income, such as zero coupon securities and pay-in-kind securities.
The Fund may purchase and sell securities on a when-issued and delayed delivery basis, which means that the Fund buys or sells a security with payment and delivery taking place in the future. The Fund may also engage in to be announced (TBA) transactions, which are transactions in which a fund buys or sells mortgage-backed securities on a forward commitment basis. TBA transactions may be conducted as dollar rolls. The Fund may engage in short sales of TBA mortgages, including short sales of TBA mortgages the Fund does not own. The Fund can invest in derivative instruments including swap contracts, options, futures contracts and forward foreign currency contracts. The Fund can use swap contracts, including interest rate swaps, to hedge or adjust its exposure to interest rates. The Fund can also use swap contracts, including credit default swaps, to create long or short exposure to corporate or sovereign debt securities.
The Fund can further use swap contracts, including: credit default index swaps, to hedge credit risk or take a position on a basket of credit entities; total return swaps, to gain exposure to a reference asset; and volatility swaps to adjust the volatility profile of the Fund. The Fund can use options, to seek investment return or to seek to mitigate risk and to seek to hedge against adverse movements in the foreign currencies in which portfolio securities are denominated. The Fund can also use credit default swap options to gain the right to enter into a credit default swap at a specified future date. The Fund can further use swaptions (options on swaps) to manage interest rate risk; and options on bond or rate futures to manage interest rate exposure. The Fund can use futures contracts, including interest rate futures, to increase or reduce its exposure to interest rate changes.
The Fund can also use currency futures to increase or decrease its exposure to foreign currencies. The Fund can engage in foreign currency transactions either on a spot basis (i.e., for prompt delivery and settlement at the rate prevailing in the currency exchange market at the time) or through forward foreign currency contracts to gain or mitigate the risk of foreign currency exposure. The Fund may invest up to 15% of its net assets in equity interests and/or debt obligations issued by Real Estate Investment Trusts (REITs). The Fund utilizes active duration (i.e., making investments to reduce or increase the sensitivity of the Funds portfolio to interest rate changes) and yield curve positioning (i.e., making investments that allow the Fund to benefit from varying interest rates) for risk management and for generating alpha (return on investments in excess of the benchmark index).
Duration is a measure of volatility expressed in years and represents the anticipated percent change in a bonds price at a single point in time for a 1% change in yield. As duration increases, volatility increases as applicable interest rates change. The portfolio managers utilize the benchmark index as a reference in structuring the portfolio. The portfolio managers decide on appropriate risk factors such as sector and issuer weightings and duration relative to the benchmark index. The portfolio managers then determine appropriate position sizes to reflect desired risk positioning. In doing so, the portfolio managers consider recommendations from a globally interconnected team of specialist decision makers in positioning the Fund to generate alpha. The portfolio managers generally rely upon a team of market-specific specialists for trade execution and for assistance in determining efficient ways (in terms of cost-efficiency and security selection) to implement those recommendations.
Although a variety of specialists provide input in the management of the Fund, the portfolio managers retain responsibility for ensuring the Fund is positioned appropriately in terms of risk exposures and position sizes. Specialists employ a bottom-up approach to recommend larger or smaller exposure to specific risk factors. In general, specialists will look for attractive risk-reward opportunities and securities that they believe best enable the Fund to pursue those opportunities. The portfolio managers consider the recommendations of these market-specific specialists in adjusting the Funds risk exposures and security selection on a real-time basis using proprietary communication technology. The credit research process utilized by the Fund to implement its investment strategy in pursuit of its investment objective considers factors that may include, but are not limited to, an issuers operations and capital structure.
Decisions to purchase or sell securities are determined by the relative value considerations of the portfolio managers that factor in economic and credit-related fundamentals, market supply and demand, market dislocations and situation-specific opportunities. The purchase or sale of securities may be related to a decision to alter the Funds macro risk exposure (such as duration, yield curve positioning and sector exposure), a need to limit or reduce the Funds exposure to a particular security or issuer, degradation of an issuers credit quality or general liquidity needs of the Fund. The Fund will attempt to maintain (i) a dollar-weighted average portfolio maturity of between three and 10 years; and (ii) a duration (the Funds price sensitivity to changes in interest rates) of within +/- two years of the benchmark index.
The foregoing maturity and duration targets are not guaranteed and the portfolio managers may deviate from such targets in their discretion. In attempting to meet its investment objective or to manage subscription and redemption requests, the Fund may engage in active and frequent trading of portfolio securities.
C000000456 Holdings
Top 10 holdings of Invesco V.I. Core Plus Bond Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| U.S. Treasury Notes/Bonds | 5.61% |
| U.S. Treasury Notes/Bonds | 3.57% |
| Uniform Mortgage-Backed Securities | 3.48% |
| Uniform Mortgage-Backed Securities | 2.98% |
| Uniform Mortgage-Backed Securities | 2.72% |
| U.S. Treasury Notes/Bonds | 2.63% |
| Uniform Mortgage-Backed Securities | 1.64% |
| Invesco Treasury Portfolio | 1.63% |
| Uniform Mortgage-Backed Securities | 1.41% |
| U.S. Treasury Notes/Bonds | 1.39% |
C000000456 Portfolio Allocation
Asset-class allocation of Invesco V.I. Core Plus Bond Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 60.3% |
| Securitized | 55.7% |
| Cash & Equivalents | 2.9% |
| Loans | 2.0% |
| Equity | 0.8% |
| Other | 0.3% |
C000000456 Performance
Total returns for C000000456 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 0.9% |
| 1 year | 4.5% |
| 3 years (annualised) | 5.1% |
| 5 years (annualised) | 0.1% |
C000000456 Risk Information
Risk metrics for C000000456, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 3.1%
C000000456 Costs and Fees
C000000456 costs about $62 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.62%
- Gross expense ratio: 0.74%
- Portfolio turnover: 548%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
C000000456 Cashflows
Over the 12 months to 2026-06, Invesco V.I. Core Plus Bond Fund had net inflows of $29.70M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | $7.69M |
| 2026-05 | −$2.31M |
| 2026-04 | $4.42M |
| 2026-03 | $699.02K |
| 2026-02 | $636.98K |
| 2026-01 | $1.05M |
C000000456 Debt Constituents
Largest debt holdings of Invesco V.I. Core Plus Bond Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| U.S. Treasury Notes/Bonds | 5.61% |
| U.S. Treasury Notes/Bonds | 3.57% |
| U.S. Treasury Notes/Bonds | 2.63% |
| U.S. Treasury Notes/Bonds | 1.39% |
| U.S. Treasury Notes/Bonds | 1.15% |
| Eagle Funding LuxCo S.a.r.l. | 0.65% |
| U.S. Treasury Notes/Bonds | 0.62% |
| Beignet Investor LLC | 0.55% |
| MAG Mutual Holding Co. | 0.41% |
| RD Michigan Property Owner I LLC | 0.39% |
C000000456 Prospectus and SEC Filings
Official Invesco V.I. Core Plus Bond 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 2026-05-29
- 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 Long Total / Aggregate Bond 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.