Invesco V.I. Core Bond Fund

Data updated: 2022-05-27

C000209358 — Invesco V.I. Core Bond Fund. Total / Aggregate Bond · $111.47M AUM · 0.77% expense ratio. Holdings, fees, performance and SEC filings.

C000209358 Fund Overview

Invesco V.I. Core Bond Fund is a US mutual fund managed by AIM Variable Insurance Funds (Invesco Variable Insurance Funds), categorised as Total / Aggregate Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

C000209358 Investment Objective and Strategy

Invesco V.I. Core 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 to seek total return.

Principal investment strategy

Under normal market conditions, the Fund invests at least 80% of its net assets, plus borrowings for investment purposes, in investment-grade debt securities (generally referred to as bonds), and in derivatives and other instruments that have economic characteristics similar to such securities. A debt security is a security representing money borrowed by the issuer that must be repaid. The terms of a debt security specify the amount of principal, the interest rate or discount, and the time or times at which payments are due. Debt securities can include: ? Domestic and foreign corporate debt obligations; ? Domestic and foreign government debt obligations, including U.S. government securities; ? Mortgage-related securities; ? Asset-backed securities; and ? Other debt obligations. The portfolio managers overall strategy is to build a diversified portfolio of corporate and government bonds.

The Funds investments in U.S. government securities may include securities issued or guaranteed by the U.S. government or by its agencies or federally-chartered entities referred to as instrumentalities. There is no required allocation of the Funds assets among the classes of securities, but the Fund focuses mainly on U.S. government securities and investment-grade corporate debt securities. When market conditions change, the portfolio managers might change the Funds relative asset allocation. The Fund invests in securities that are rated investment-grade at the time of purchase. Investment-grade securities are considered to be those instruments that are rated BBB- or higher by S&P Global Ratings (S&P), or Baa3 or higher by Moodys Investors Service (Moodys), or the equivalent by another nationally recognized statistical rating organization (NRSRO).

The Fund may also invest in unrated securities, in which case the Funds investment adviser, Invesco Advisers, Inc. (Invesco or the Adviser), may internally assign ratings to certain of those securities, after assessing their credit quality, in investment-grade categories similar to those of NRSROs. There can be no assurance, nor is it intended, that the Advisers credit analysis is consistent or comparable with the credit analysis process used by a NRSRO. In the event that a security receives different ratings from different NRSROs, the Fund will treat the security as being rated in the highest rating category received from an NRSRO. The Fund may also 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 has no limitations on the range of maturities of the debt securities in which it can invest and may hold securities with short-, medium- or long-term maturities. The maturity of a security differs from its effective duration, which attempts to measure the expected volatility of a securitys price to interest rate changes. For example, if a bond has an effective duration of three years, a 1% increase in general interest rates would be expected to cause the bonds value to decrease about 3%. To try to decrease volatility, the Fund seeks to maintain a weighted average effective portfolio duration within +/- two years of the duration of the Bloomberg Barclays U.S. Aggregate Bond Index, measured on a dollar-weighted basis using the effective duration of the securities included in its portfolio and the amount invested in each of those securities.

However, the duration of the portfolio might not meet that target due to market events or interest rate changes that cause debt securities to be repaid more rapidly or more slowly than expected. The Fund may invest in foreign debt securities, including securities issued by foreign governments or companies in both developed and emerging markets. The Fund may also use derivatives to seek increased returns or to try to manage investment risks. Futures, swaps, forward contracts and structured notes are examples of some of the types of derivatives the Fund can use. 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.

The Fund may engage in short sales of TBA mortgages, including short sales on TBA mortgages the Fund does not own. In selecting investments for the Fund, the Funds portfolio managers analyze the overall investment opportunities and risks in different sectors of the debt securities markets by focusing on business cycle analysis and relative values between the corporate and government sectors. The Fund mainly seeks income earnings on the Funds investments plus capital appreciation that may arise from decreases in interest rates, from improving credit fundamentals for a particular sector or security or from other investment techniques. The credit research process utilized by the Fund to implement its investment strategy in pursuit of its investment objective considers factors that include, but are not limited to, an issuers operations, capital structure and environmental, social and governance (ESG) considerations.

Credit quality analysis therefore may consider whether any ESG factors pose a material financial risk or opportunity to an issuer. The Fund may sell securities that the portfolio managers believe no longer meet the above criteria.

C000209358 Performance

Total returns for C000209358 (as of 2026-10-01), from SEC filings.

PeriodTotal return
1 year-5.0%
3 years (annualised)1.3%

C000209358 Risk Information

Risk metrics for C000209358, derived from monthly returns in SEC filings.

  • 1-year volatility (annualised): 4.0%

C000209358 Costs and Fees

C000209358 costs about $77 per $10,000 invested per year in fund expenses.

  • Net expense ratio: 0.77%
  • Gross expense ratio: 0.94%
  • Portfolio turnover: 480%
  • Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)

C000209358 Cashflows

Over the 12 months to 2022-03, Invesco V.I. Core Bond Fund had net outflows of $2.65M, from monthly SEC N-PORT filings.

MonthNet flow
2022-03$1.32M
2022-02−$1.01M
2022-01−$1.49M
2021-12−$91.19K
2021-11−$648.49K
2021-10$6.62M

C000209358 Debt Constituents

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

C000209358 Prospectus and SEC Filings

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

Related Funds

Other 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.