Invesco V.I. Discovery Mid Cap Growth Fund
Data updated: 2026-08-25
C000209363 — Invesco V.I. Discovery Mid Cap Growth Fund. United States Mid Cap Growth Equity · $688.59M AUM. Holdings, fees, performance and SEC filings.
C000209363 Fund Overview
Invesco V.I. Discovery Mid Cap Growth Fund is a US mutual fund managed by AIM Variable Insurance Funds (Invesco Variable Insurance Funds), categorised as United States Mid Cap Growth Equity. 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: United States Mid Cap Growth Equity
- Assets under management: $688.59M
- 1-year return: 28.7%
- SEC CIK: 0000896435
- SEC series ID: S000064658
- Share class ID: C000209363
C000209363 Investment Objective and Strategy
Invesco V.I. Discovery Mid Cap Growth 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 capital appreciation.
Principal investment strategy
The Fund mainly invests in common stocks of U.S. companies that the portfolio managers expect to have above-average growth rates. The Fund seeks to invest in newer companies or in more established companies that are in the early growth phase of their business cycle, which is typically marked by above-average growth rates. Under normal circumstances, the Fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities of mid-cap issuers, and in derivatives and other instruments that have economic characteristics similar to such securities. The Fund considers a mid-capitalization issuer to be one that has a market capitalization within the range of market capitalizations included in the Russell Midcap Growth Index during the most recent 11-month period (based on month-end data) plus the most recent data during the current month.
This range is subject to change at any time due to market activity or changes in the composition of that index. The range of the Russell Midcap Growth Index is reconstituted annually to preserve its capitalization characteristics. The Fund may invest up to 20% of its net assets in companies in other market capitalization ranges. An issuers market capitalization is the value of its outstanding stock. The Fund invests primarily in U.S. companies but may also purchase securities of issuers in any country, including developed countries and emerging market countries, i.e., those that are generally in the early stages of their industrial cycles. The Fund has no limits on the amount of its assets that can be invested in foreign securities, but currently does not intend to invest substantially in such securities.
In selecting investments for the Fund, the portfolio managers look for companies with high growth potential using a bottom-up stock selection process. The bottom-up approach focuses on fundamental analysis of individual issuers before considering the impact of overall economic, market or industry trends. This approach includes analysis of a companys financial statements and management structure and consideration of the companys operations, product development, and its industry position. The portfolio managers currently focus on what they believe to be high-growth companies that are characterized by industry leadership, market share growth, high caliber management teams, sustainable competitive advantages, and strong growth themes or new innovative products or services. The portfolio managers monitor individual issuers for changes in the factors above, which may trigger a decision to sell a security, but does not require a decision to do so.
The factors considered by the portfolio managers may vary in particular cases and may change over time. 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.
C000209363 Holdings
Top 10 holdings of Invesco V.I. Discovery Mid Cap Growth Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Invesco Private Prime Fund | 3.46% |
| Flex Ltd. | 3.41% |
| Hilton Worldwide Holdings Inc. | 2.89% |
| Comfort Systems USA, Inc. | 2.85% |
| Monolithic Power Systems, Inc. | 2.78% |
| Quanta Services, Inc. | 2.75% |
| MasTec, Inc. | 2.50% |
| Lattice Semiconductor Corp. | 2.46% |
| MACOM Technology Solutions Holdings, Inc. | 2.30% |
| Teradyne, Inc. | 2.24% |
C000209363 Portfolio Allocation
Asset-class allocation of Invesco V.I. Discovery Mid Cap Growth Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 96.8% |
| Cash & Equivalents | 8.0% |
C000209363 Performance
Total returns for C000209363 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 27.7% |
| 1 year | 28.7% |
| 3 years (annualised) | 19.3% |
| 5 years (annualised) | 7.1% |
C000209363 Risk Information
Risk metrics for C000209363, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 16.4%
C000209363 Costs and Fees
C000209363 costs about $111 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.11%
- Gross expense ratio: 1.11%
- Portfolio turnover: 104%
- Brokerage commissions: 5.24 bps of average net assets (SEC N-CEN)
C000209363 Cashflows
Over the 12 months to 2026-06, Invesco V.I. Discovery Mid Cap Growth Fund had net outflows of $373.53M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$307.23K |
| 2026-05 | −$2.79M |
| 2026-04 | −$128.86M |
| 2026-03 | −$8.38M |
| 2026-02 | −$5.99M |
| 2026-01 | −$6.50M |
C000209363 Debt Constituents
No individual debt constituents are reported in Invesco V.I. Discovery Mid Cap Growth Fund's latest SEC N-PORT filing.
C000209363 Prospectus and SEC Filings
Official Invesco V.I. Discovery Mid Cap Growth 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 2026-05-28
- 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 United States Mid Cap Growth Equity 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.