Invesco V.I. Conservative Balanced Fund
Data updated: 2024-05-30
C000209362 — Invesco V.I. Conservative Balanced Fund. Total Return Allocation · $196.62M AUM. Holdings, fees, performance and SEC filings.
C000209362 Fund Overview
Invesco V.I. Conservative Balanced Fund is a US mutual fund managed by AIM Variable Insurance Funds (Invesco Variable Insurance Funds), categorised as Total Return Allocation. 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: Total Return Allocation
- Assets under management: $196.62M
- 1-year return: 13.3%
- SEC CIK: 0000896435
- SEC series ID: S000064657
- Share class ID: C000209362
C000209362 Investment Objective and Strategy
Invesco V.I. Conservative Balanced 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
The Fund invests in both equity and debt securities of domestic and foreign issuers in different capitalization ranges and in developed or developing countries. Under normal market conditions, the Fund invests at least 65% of its total assets in equity and debt securities that the portfolio managers expect to generate income. Additionally, under normal market conditions, the Fund invests at least 25% of its assets in fixed income securities and at least 25% of its assets in equity securities. The percentages of equity and debt securities the Fund holds may vary from time to time. There is no limit on the Funds investments in foreign securities. Equity Securities. In selecting equity securities, the portfolio managers use fundamental research to select securities for the Funds portfolio. While the process may change over time or vary in particular cases, in general the selection process currently employs a fundamental approach in analyzing issuers on factors such as a companys financial performance, competitive strength and prospects, industry position, and business model and management strength.
Industry outlook, market trends and general economic conditions may also be considered. The portfolio managers aim to maintain a broad diversification across all major economic sectors. Debt Securities. The portfolio managers look for high current yields and typically search for corporate and government debt securities and securitized debt instruments, including asset-backed securities and mortgage-backed securities (including commercial mortgage-backed securities (CMBS) and residential mortgage-backed securities (RMBS)), that they believe offer: attractive relative value, more income than U.S. treasury obligations, a balance of risk and return, high income potential and portfolio diversification. The Fund can invest up to 25% of its total assets in below investment grade securities, also referred to as junk bonds, but cannot invest more than 10% of its assets in below investment grade non-convertible securities.
These restrictions are applied at the time of purchase and the Fund may continue to hold a security whose credit rating has been downgraded or, in the case of an unrated security, after the Adviser has changed its assessment of the securitys credit quality. As a result, credit rating downgrades or other market fluctuations may cause the Funds holdings of below-investment-grade securities to exceed, at times significantly, this restriction for an extended period of time. Investment-grade securities are rated within one of the four highest rating categories of a nationally recognized statistical rating organization such as S&P Global Ratings (S&P) (AAA, AA, A or BBB) (or in the case of unrated securities, determined by the Adviser to be comparable to securities rated investment-grade).
The Fund may also invest in unrated securities, in which case the Adviser internally assigns ratings to those securities, after assessing their credit quality and other factors, in investment-grade or below-investment-grade categories similar to those of nationally recognized statistical rating organizations. There can be no assurance, nor is it intended, that the Advisers credit analysis process is consistent or comparable with the credit analysis process used by a nationally recognized statistical ratings organization. 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. Derivative Securities. The Fund may also use derivative instruments to seek income or to try to manage investment risks, including: options, futures, swaps, structured notes, forward foreign currency contracts and equity-linked debt securities.
The Fund may also invest in real estate investment trusts (REITs). The Fund may sell securities that no longer meet the above criteria. The Funds holdings may at times differ significantly from the weightings of the indices comprising its style-specific index (the Custom Invesco VI Conservative Balanced Index). The Funds Custom Invesco VI Conservative Balanced Index is a customized weighted index currently comprised of the following underlying broad-based security indices: 65% of the Bloomberg U.S. Aggregate Bond Index and 35% of the Russell 3000 Index. The Fund is not managed to be invested in the same percentages as those indices comprising the Custom Invesco VI Conservative Balanced Index. Some of the securities that the Fund invests in may be subject to resale restrictions and are exempt from registration under the Securities Act of 1933, as amended (Securities Act), such as those contained in Rule 144A promulgated under the Securities Act.
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.
C000209362 Holdings
Top 10 holdings of Invesco V.I. Conservative Balanced Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Invesco Private Prime Fund | 3.84% |
| Microsoft Corp. | 3.47% |
| Uniform Mortgage-Backed Securities | 3.19% |
| U.S. Treasury Notes/Bonds | 3.07% |
| NVIDIA Corp. | 2.75% |
| Uniform Mortgage-Backed Securities | 2.64% |
| Uniform Mortgage-Backed Securities | 2.52% |
| U.S. Treasury Notes/Bonds | 2.48% |
| Amazon.com, Inc. | 2.26% |
| Alphabet Inc. | 2.08% |
C000209362 Portfolio Allocation
Asset-class allocation of Invesco V.I. Conservative Balanced Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 43.2% |
| Fixed Income | 34.7% |
| Securitized | 28.7% |
| Cash & Equivalents | 5.8% |
| Other | 0.3% |
C000209362 Performance
Total returns for C000209362 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 13.3% |
| 3 years (annualised) | 1.8% |
C000209362 Risk Information
Risk metrics for C000209362, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 9.2%
C000209362 Costs and Fees
C000209362 costs about $92 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.92%
- Gross expense ratio: 1.19%
- Portfolio turnover: 297%
- Brokerage commissions: 1.92 bps of average net assets (SEC N-CEN)
C000209362 Cashflows
Over the 12 months to 2024-03, Invesco V.I. Conservative Balanced Fund had net inflows of $7.47M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2024-03 | $1.43M |
| 2024-02 | $1.02M |
| 2024-01 | −$368.46K |
| 2023-12 | $614.45K |
| 2023-11 | −$643.73K |
| 2023-10 | $3.54M |
C000209362 Debt Constituents
Largest debt holdings of Invesco V.I. Conservative Balanced Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| U.S. Treasury Notes/Bonds | 3.07% |
| U.S. Treasury Notes/Bonds | 2.48% |
| U.S. Treasury Notes/Bonds | 1.48% |
| U.S. Treasury Notes/Bonds | 0.67% |
| U.S. Treasury Notes/Bonds | 0.55% |
| U.S. Treasury Notes/Bonds | 0.40% |
| Huntington National Bank (The) | 0.35% |
| Mitsubishi UFJ Financial Group, Inc. | 0.30% |
| Australia and New Zealand Banking Group Ltd. | 0.28% |
| Volkswagen Group of America Finance, LLC | 0.28% |
C000209362 Prospectus and SEC Filings
Official Invesco V.I. Conservative Balanced Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2023-04-27
- Prospectus (485BPOS) — filed 2022-04-28
- Prospectus (485BPOS) — filed 2021-04-29
- Portfolio holdings (N-PORT) — filed 2024-05-30
- Portfolio holdings (N-PORT) — filed 2024-02-29
- Portfolio holdings (N-PORT) — filed 2023-11-29
- Annual census (N-CEN) — filed 2024-03-14
- Annual census (N-CEN) — filed 2023-03-15
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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.