UGEPX — Invesco V.I. Global Core Equity Fund
Data updated: 2026-05-28
UGEPX — Invesco V.I. Global Core Equity Fund. United States Large Cap Blend / Core Equity · $74.07M AUM. Holdings, fees, performance and SEC filings.
UGEPX Fund Overview
UGEPX — Invesco V.I. Global Core Equity Fund is a US mutual fund managed by AIM Variable Insurance Funds (Invesco Variable Insurance Funds), categorised as United States Large Cap Blend / Core 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 Large Cap Blend / Core Equity
- Assets under management: $74.07M
- 1-year return: 13.5%
- Ticker: UGEPX
- SEC CIK: 0000896435
- SEC series ID: S000027875
- Share class ID: C000084647
UGEPX Investment Objective and Strategy
Invesco V.I. Global Core Equity 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 long-term capital appreciation by investing primarily in equity securities of issuers throughout the world, including U.S. issuers.
Principal investment strategy
The Fund invests, under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities, depositary receipts, and in derivatives and other instruments that have economic characteristics similar to such securities. The principal types of equity securities in which the Fund invests are common and preferred stock. The Funds common stock investments also include China A-shares (shares of companies based in mainland China that trade on the Shanghai Stock Exchange and the Shenzhen Stock Exchange). Under normal circumstances, the Fund will provide exposure to investments that are economically tied to at least three different countries, including the U.S. and at least 40%, unless market conditions are not deemed favorable, in which case at least 30% of the Funds net assets will provide exposure to investments that are economically tied to countries other than the U.S.
The Fund may invest up to 20% of its net assets in securities of issuers located in emerging markets countries, i.e., those that are identified as in the early stages of their industrial cycles. The Fund can invest in derivative instruments, including forward foreign currency 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 options to mitigate risk and to hedge against adverse movements in the foreign currencies in which portfolio securities are denominated. The Fund may invest in the securities of issuers of all capitalization sizes, and a substantial number of the issuers in which the Fund invests are large-capitalization issuers. In selecting securities for the Fund, the portfolio managers conduct fundamental research of issuers to gain a thorough understanding of their business prospects, appreciation potential and return on invested capital.
The process they use to identify potential investments for the Fund includes three phases: financial analysis, business analysis and valuation analysis. Financial analysis evaluates an issuers capital allocation, and provides vital insight into historical and potential return on invested capital which is a key indicator of business quality and caliber of management. Business analysis allows the team to determine an issuers competitive positioning by identifying key drivers of the issuer, understanding industry challenges and evaluating the sustainability of competitive advantages. Both the financial and business analyses serve as a basis to construct valuation models that help estimate an issuers value. The portfolio managers use three primary valuation techniques: discounted cash flow, traditional valuation multiples and net asset value.
At the conclusion of their research process, the portfolio managers will generally invest in an issuer when they have determined it potentially has high or improving return on invested capital, quality management with a long-term perspective, a strong competitive position and is trading at an attractive valuation. The portfolio managers consider selling a security when it exceeds the target price, has not shown a demonstrable improvement in fundamentals, the original investment thesis for the company is no longer valid or a more compelling investment opportunity exists.
UGEPX Holdings
Top 10 holdings of Invesco V.I. Global Core Equity Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Invesco Private Prime Fund | 8.73% |
| NVIDIA Corp. | 5.14% |
| Apple Inc. | 4.33% |
| Alphabet Inc. | 3.61% |
| Microsoft Corp. | 3.45% |
| Invesco Private Government Fund | 3.36% |
| Taiwan Semiconductor Manufacturing Co. Ltd. | 3.12% |
| Canadian Pacific Kansas City Ltd. | 3.01% |
| Amazon.com, Inc. | 2.82% |
| Berkshire Hathaway Inc. | 2.60% |
UGEPX Portfolio Allocation
Asset-class allocation of Invesco V.I. Global Core Equity Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 98.7% |
| Cash & Equivalents | 13.5% |
UGEPX Performance
Total returns for UGEPX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | -3.6% |
| 1 year | 13.5% |
| 3 years (annualised) | 13.3% |
| 5 years (annualised) | 6.5% |
UGEPX Risk Information
Risk metrics for UGEPX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 10.2%
UGEPX Costs and Fees
UGEPX costs about $99 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.99%
- Gross expense ratio: 0.99%
- Portfolio turnover: 56%
- Brokerage commissions: 3.79 bps of average net assets (SEC N-CEN)
UGEPX Cashflows
Over the 12 months to 2026-03, Invesco V.I. Global Core Equity Fund had net inflows of $515.76K, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-03 | −$557.03K |
| 2026-02 | −$1.61M |
| 2026-01 | $1.91M |
| 2025-12 | −$309.31K |
| 2025-11 | −$700.45K |
| 2025-10 | $5.55M |
UGEPX Debt Constituents
No individual debt constituents are reported in Invesco V.I. Global Core Equity Fund's latest SEC N-PORT filing.
UGEPX Prospectus and SEC Filings
Official Invesco V.I. Global Core Equity Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2025-04-29
- Prospectus (485BPOS) — filed 2024-04-25
- Prospectus (485BPOS) — filed 2023-04-27
- Portfolio holdings (N-PORT) — filed 2026-05-28
- Portfolio holdings (N-PORT) — filed 2026-02-27
- Portfolio holdings (N-PORT) — filed 2025-11-28
- Annual census (N-CEN) — filed 2026-03-16
- Annual census (N-CEN) — filed 2025-03-17
Related Funds
Other United States Large Cap Blend / Core 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.