Schedule of Investments(a)
March 31, 2024
(Unaudited)
Principal Amount | Value | |||
U.S. Dollar Denominated Bonds & Notes–82.06% | ||||
Advertising–0.52% | ||||
Clear Channel Outdoor Holdings, Inc., | ||||
7.75%, 04/15/2028(b) | $76,000 | $66,622 | ||
7.50%, 06/01/2029(b) | 85,000 | 70,373 | ||
Lamar Media Corp., | ||||
4.00%, 02/15/2030 | 11,000 | 10,006 | ||
3.63%, 01/15/2031 | 683,000 | 599,773 | ||
746,774 | ||||
Aerospace & Defense–1.45% | ||||
TransDigm, Inc., | ||||
6.75%, 08/15/2028(b) | 689,000 | 698,954 | ||
7.13%, 12/01/2031(b) | 1,345,000 | 1,387,782 | ||
2,086,736 | ||||
Alternative Carriers–0.12% | ||||
Lumen Technologies, Inc., 4.00%, 02/15/2027(b) | 125,000 | 77,574 | ||
Zayo Group Holdings, Inc., 4.00%, 03/01/2027(b) | 119,000 | 98,059 | ||
175,633 | ||||
Aluminum–0.49% | ||||
Novelis Corp., 4.75%, 01/30/2030(b) | 762,000 | 703,675 | ||
Apparel Retail–0.27% | ||||
Victoria’s Secret & Co., 4.63%, 07/15/2029(b) | 467,000 | 383,685 | ||
Apparel, Accessories & Luxury Goods–0.05% | ||||
Hanesbrands, Inc., 9.00%, 02/15/2031(b) | 64,000 | 65,808 | ||
Application Software–0.67% | ||||
Cloud Software Group, Inc., 9.00%, 09/30/2029(b) | 353,000 | 338,906 | ||
SS&C Technologies, Inc., 5.50%, 09/30/2027(b) | 644,000 | 630,220 | ||
969,126 | ||||
Automobile Manufacturers–1.47% | ||||
Allison Transmission, Inc., 3.75%, 01/30/2031(b) | 2,429,000 | 2,121,625 | ||
Automotive Parts & Equipment–1.93% | ||||
Clarios Global L.P./Clarios US Finance Co., 8.50%, 05/15/2027(b) | 661,000 | 663,239 | ||
NESCO Holdings II, Inc., 5.50%, 04/15/2029(b) | 371,000 | 351,418 | ||
Phinia, Inc., 6.75%, 04/15/2029(b) | 715,000 | 722,788 | ||
ZF North America Capital, Inc. (Germany), | ||||
6.88%, 04/14/2028(b) | 838,000 | 869,991 | ||
7.13%, 04/14/2030(b) | 165,000 | 174,015 | ||
2,781,451 |
Principal Amount | Value | |||
Automotive Retail–3.70% | ||||
Carvana Co., | ||||
12.00% PIK Rate, 0.00% Cash Rate, 12/01/2028(b)(c) | $74,000 | $72,423 | ||
13.00% PIK Rate, 0.00% Cash Rate, 06/01/2030(b)(c) | 75,000 | 73,211 | ||
14.00% PIK Rate, 9.00% Cash Rate, 06/01/2031(b)(c) | 73,306 | 73,750 | ||
Group 1 Automotive, Inc., 4.00%, 08/15/2028(b) | 1,789,000 | 1,650,290 | ||
LCM Investments Holdings II LLC, | ||||
4.88%, 05/01/2029(b) | 737,000 | 678,153 | ||
8.25%, 08/01/2031(b) | 1,386,000 | 1,451,103 | ||
Lithia Motors, Inc., | ||||
3.88%, 06/01/2029(b) | 733,000 | 661,282 | ||
4.38%, 01/15/2031(b) | 746,000 | 668,857 | ||
5,329,069 | ||||
Broadcasting–0.26% | ||||
AMC Networks, Inc., 10.25%, 01/15/2029(b) | 70,000 | 70,552 | ||
Gray Television, Inc., 7.00%, 05/15/2027(b) | 150,000 | 139,628 | ||
iHeartCommunications, Inc., 6.38%, 05/01/2026 | 83,000 | 70,879 | ||
Sinclair Television Group, Inc., 4.13%, 12/01/2030(b) | 119,000 | 86,772 | ||
367,831 | ||||
Broadline Retail–1.29% | ||||
B2W Digital Lux S.a.r.l. (Brazil), 4.38%, 12/20/2030(b)(d) | 429,000 | 63,578 | ||
Kohl’s Corp., 4.63%, 05/01/2031 | 447,000 | 376,597 | ||
Macy’s Retail Holdings LLC, | ||||
5.88%, 04/01/2029(b) | 169,000 | 165,961 | ||
5.88%, 03/15/2030(b) | 716,000 | 696,665 | ||
5.13%, 01/15/2042 | 230,000 | 200,017 | ||
QVC, Inc., 4.75%, 02/15/2027 | 164,000 | 146,171 | ||
Rakuten Group, Inc. (Japan), 11.25%, 02/15/2027(b) | 200,000 | 212,197 | ||
1,861,186 | ||||
Cable & Satellite–3.18% | ||||
CCO Holdings LLC/CCO Holdings Capital Corp., | ||||
5.50%, 05/01/2026(b) | 122,000 | 120,214 | ||
5.13%, 05/01/2027(b) | 648,000 | 617,820 | ||
5.38%, 06/01/2029(b) | 341,000 | 312,410 | ||
4.75%, 03/01/2030(b) | 407,000 | 349,721 | ||
7.38%, 03/01/2031(b) | 372,000 | 365,047 | ||
4.25%, 01/15/2034(b) | 468,000 | 353,681 | ||
Comcast Corp., 4.80%, 05/15/2033 | 15,000 | 14,804 | ||
CSC Holdings LLC, | ||||
5.50%, 04/15/2027(b) | 61,000 | 54,637 | ||
5.38%, 02/01/2028(b) | 1,160,000 | 998,740 | ||
5.75%, 01/15/2030(b) | 346,000 | 183,438 | ||
4.63%, 12/01/2030(b) | 290,000 | 147,497 |
See accompanying notes which are an integral part of this schedule.
Invesco V.I. High Yield Fund
Principal Amount | Value | |||
Cable & Satellite–(continued) | ||||
DISH DBS Corp., | ||||
7.75%, 07/01/2026 | $121,000 | $81,115 | ||
5.75%, 12/01/2028(b) | 198,000 | 136,448 | ||
5.13%, 06/01/2029 | 178,000 | 74,391 | ||
Scripps Escrow, Inc., 5.88%, 07/15/2027(b) | 76,000 | 63,657 | ||
Ziggo B.V. (Netherlands), 4.88%, 01/15/2030(b) | 781,000 | 701,620 | ||
4,575,240 | ||||
Casinos & Gaming–3.91% | ||||
Codere Finance 2 (Luxembourg) S.A. (Spain), 11.63% PIK Rate, 2.00% Cash Rate, 11/30/2027 (Acquired 11/30/2021; Cost $51,959)(b)(c)(e) | 51,959 | 3,637 | ||
Melco Resorts Finance Ltd. (Hong Kong), 5.38%, 12/04/2029(b) | 1,222,000 | 1,120,146 | ||
Mohegan Tribal Gaming Authority, 8.00%, 02/01/2026(b) | 71,000 | 69,535 | ||
Premier Entertainment Sub LLC/Premier Entertainment Finance Corp., 5.63%, 09/01/2029(b) | 92,000 | 70,307 | ||
Sabre GLBL, Inc., 8.63%, 06/01/2027(b) | 83,000 | 72,905 | ||
Studio City Finance Ltd. (Macau), 5.00%, 01/15/2029(b) | 1,657,000 | 1,459,263 | ||
Viking Cruises Ltd., | ||||
7.00%, 02/15/2029(b) | 1,057,000 | 1,062,435 | ||
9.13%, 07/15/2031(b) | 642,000 | 702,596 | ||
Wynn Macau Ltd. (Macau), | ||||
Conv., 4.50%, 03/07/2027(b)(f) | 350,000 | 372,269 | ||
5.63%, 08/26/2028(b) | 737,000 | 700,165 | ||
5,633,258 | ||||
Commodity Chemicals–1.53% | ||||
Mativ Holdings, Inc., 6.88%, 10/01/2026(b) | 2,219,000 | 2,210,618 | ||
Communications Equipment–0.05% | ||||
Viasat, Inc., 7.50%, 05/30/2031(b) | 91,000 | 66,051 | ||
Construction & Engineering–0.93% | ||||
Brand Industrial Services, Inc., 10.38%, 08/01/2030(b) | 66,000 | 71,538 | ||
Howard Midstream Energy Partners LLC, | ||||
6.75%, 01/15/2027(b) | 775,000 | 773,862 | ||
8.88%, 07/15/2028(b) | 469,000 | 495,251 | ||
1,340,651 | ||||
Consumer Electronics–0.46% | ||||
Sensata Technologies B.V., 4.00%, 04/15/2029(b) | 729,000 | 666,395 | ||
Consumer Finance–1.69% | ||||
FirstCash, Inc., 6.88%, 03/01/2032(b) | 1,065,000 | 1,065,835 | ||
Navient Corp., | ||||
5.00%, 03/15/2027 | 485,000 | 464,995 | ||
9.38%, 07/25/2030 | 216,000 | 231,286 |
Principal Amount | Value | |||
Consumer Finance–(continued) | ||||
OneMain Finance Corp., | ||||
3.50%, 01/15/2027 | $506,000 | $470,233 | ||
5.38%, 11/15/2029 | 222,000 | 208,907 | ||
2,441,256 | ||||
Diversified Banks–1.06% | ||||
Citigroup, Inc., | ||||
3.88%(g)(h) | 582,000 | 550,731 | ||
7.38%(g)(h) | 125,000 | 130,283 | ||
Freedom Mortgage Corp., | ||||
6.63%, 01/15/2027(b) | 72,000 | 69,923 | ||
12.00%, 10/01/2028(b) | 63,000 | 68,736 | ||
JPMorgan Chase & Co., Series FF, 5.00%(g)(h) | 709,000 | 707,127 | ||
1,526,800 | ||||
Diversified Capital Markets–0.51% | ||||
UBS Group AG (Switzerland), 7.75%(b)(g)(h) | 709,000 | 730,957 | ||
Diversified Chemicals–0.10% | ||||
SCIH Salt Holdings, Inc., 6.63%, 05/01/2029(b) | 148,000 | 137,187 | ||
Diversified Financial Services–2.57% | ||||
GGAM Finance Ltd. (Ireland), 6.88%, 04/15/2029(b) | 715,000 | 719,469 | ||
Jefferies Finance LLC/JFIN Co-Issuer Corp., 5.00%, 08/15/2028(b) | 862,000 | 793,585 | ||
LD Holdings Group LLC, 6.50%, 11/01/2025(b) | 731,000 | 710,305 | ||
Macquarie Airfinance Holdings Ltd. (United Kingdom), 6.50%, 03/26/2031(b) | 700,000 | 713,010 | ||
Nationstar Mortgage Holdings, Inc., 7.13%, 02/01/2032(b) | 690,000 | 685,792 | ||
VistaJet Malta Finance PLC/Vista Management Holding, Inc. (Switzerland), 6.38%, 02/01/2030(b) | 100,000 | 73,846 | ||
3,696,007 | ||||
Diversified Metals & Mining–0.70% | ||||
Hudbay Minerals, Inc. (Canada), 6.13%, 04/01/2029(b) | 1,023,000 | 1,012,414 | ||
Diversified REITs–0.26% | ||||
Uniti Group L.P./Uniti Group Finance, Inc./CSL Capital LLC, | ||||
10.50%, 02/15/2028(b) | 161,000 | 167,065 | ||
6.50%, 02/15/2029(b) | 276,000 | 214,151 | ||
381,216 | ||||
Diversified Support Services–0.49% | ||||
Ritchie Bros. Holdings, Inc. (Canada), 6.75%, 03/15/2028(b) | 698,000 | 712,865 | ||
Electric Utilities–1.58% | ||||
Talen Energy Supply LLC, 8.63%, 06/01/2030(b) | 594,000 | 635,644 | ||
Vistra Operations Co. LLC, 7.75%, 10/15/2031(b) | 1,571,000 | 1,646,424 | ||
2,282,068 |
See accompanying notes which are an integral part of this schedule.
Invesco V.I. High Yield Fund
Principal Amount | Value | |||
Electrical Components & Equipment–0.47% | ||||
EnerSys, | ||||
4.38%, 12/15/2027(b) | $390,000 | $369,199 | ||
6.63%, 01/15/2032(b) | 303,000 | 305,578 | ||
674,777 | ||||
Electronic Components–0.06% | ||||
Sensata Technologies, Inc., 4.38%, 02/15/2030(b) | 95,000 | 86,544 | ||
Electronic Manufacturing Services–0.93% | ||||
EMRLD Borrower L.P./Emerald Co-Issuer, Inc., 6.63%, 12/15/2030(b) | 1,321,000 | 1,335,324 | ||
Environmental & Facilities Services–0.54% | ||||
GFL Environmental, Inc., 6.75%, 01/15/2031(b) | 685,000 | 702,853 | ||
Madison IAQ LLC, 5.88%, 06/30/2029(b) | 77,000 | 70,524 | ||
773,377 | ||||
Food Retail–0.49% | ||||
PetSmart, Inc./PetSmart Finance Corp., 7.75%, 02/15/2029(b) | 722,000 | 703,468 | ||
Gas Utilities–0.47% | ||||
Venture Global Calcasieu Pass LLC, 6.25%, 01/15/2030(b) | 669,000 | 673,558 | ||
Gold–0.44% | ||||
New Gold, Inc. (Canada), 7.50%, 07/15/2027(b) | 633,000 | 635,073 | ||
Health Care Facilities–0.68% | ||||
Encompass Health Corp., 4.50%, 02/01/2028 | 723,000 | 689,168 | ||
LifePoint Health, Inc., 5.38%, 01/15/2029(b) | 345,000 | 284,656 | ||
973,824 | ||||
Health Care REITs–0.71% | ||||
Diversified Healthcare Trust, 0.00%, 01/15/2026(b)(i) | 1,037,000 | 882,847 | ||
MPT Operating Partnership L.P./MPT Finance Corp., 3.50%, 03/15/2031 | 214,000 | 147,128 | ||
1,029,975 | ||||
Health Care Services–1.88% | ||||
Catalent Pharma Solutions, Inc., 3.50%, 04/01/2030(b) | 730,000 | 695,887 | ||
Community Health Systems, Inc., | ||||
8.00%, 03/15/2026(b) | 423,000 | 422,472 | ||
5.25%, 05/15/2030(b) | 463,000 | 377,939 | ||
4.75%, 02/15/2031(b) | 307,000 | 237,204 | ||
DaVita, Inc., 3.75%, 02/15/2031(b) | 373,000 | 312,619 | ||
Select Medical Corp., 6.25%, 08/15/2026(b) | 658,000 | 659,744 | ||
2,705,865 | ||||
Health Care Supplies–0.49% | ||||
Medline Borrower L.P., 5.25%, 10/01/2029(b) | 746,000 | 705,666 |
Principal Amount | Value | |||
Health Care Technology–0.14% | ||||
athenahealth Group, Inc., 6.50%, 02/15/2030(b) | $218,000 | $199,612 | ||
Home Improvement Retail–0.01% | ||||
Lowe’s Cos., Inc., 5.63%, 04/15/2053 | 15,000 | 15,166 | ||
Hotel & Resort REITs–2.88% | ||||
RHP Hotel Properties L.P./ RHP Finance Corp., 6.50%, 04/01/2032(b) | 714,000 | 716,856 | ||
RLJ Lodging Trust L.P., 4.00%, 09/15/2029(b) | 751,000 | 662,554 | ||
Service Properties Trust, | ||||
4.75%, 10/01/2026 | 1,459,000 | 1,361,096 | ||
5.50%, 12/15/2027 | 1,067,000 | 1,018,196 | ||
8.63%, 11/15/2031(b) | 371,000 | 396,049 | ||
4,154,751 | ||||
Hotels, Resorts & Cruise Lines–1.05% | ||||
Carnival Corp., 6.00%, 05/01/2029(b) | 418,000 | 412,706 | ||
Royal Caribbean Cruises Ltd., 6.25%, 03/15/2032(b) | 1,090,000 | 1,099,368 | ||
1,512,074 | ||||
Independent Power Producers & Energy Traders–0.94% | ||||
Clearway Energy Operating LLC, | ||||
4.75%, 03/15/2028(b) | 593,000 | 564,111 | ||
3.75%, 02/15/2031(b) | 487,000 | 418,472 | ||
Vistra Corp., Series C, 8.88%(b)(g)(h) | 363,000 | 375,302 | ||
1,357,885 | ||||
Industrial Machinery & Supplies & Components–1.60% | ||||
Enpro, Inc., 5.75%, 10/15/2026 | 921,000 | 918,745 | ||
ESAB Corp., 6.25%, 04/15/2029(b) | 684,000 | 688,058 | ||
Roller Bearing Co. of America, Inc., 4.38%, 10/15/2029(b) | 763,000 | 699,572 | ||
2,306,375 | ||||
Insurance Brokers–1.38% | ||||
Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer, 7.00%, 01/15/2031(b) | 651,000 | 658,014 | ||
HUB International Ltd., | ||||
7.25%, 06/15/2030(b) | 334,000 | 343,488 | ||
7.38%, 01/31/2032(b) | 343,000 | 345,524 | ||
USI, Inc., 7.50%, 01/15/2032(b) | 646,000 | 647,997 | ||
1,995,023 | ||||
Integrated Oil & Gas–1.46% | ||||
Transocean, Inc., | ||||
7.25%, 11/01/2025(b) | 356,000 | 354,733 | ||
7.50%, 01/15/2026(b) | 932,000 | 929,212 | ||
8.75%, 02/15/2030(b) | 784,800 | 818,810 | ||
2,102,755 | ||||
Integrated Telecommunication Services–1.81% | ||||
Altice France Holding S.A. (Luxembourg), 6.00%, 02/15/2028(b) | 200,000 | 57,132 | ||
Altice France S.A. (France), | ||||
8.13%, 02/01/2027(b) | 134,000 | 104,860 | ||
5.50%, 01/15/2028(b) | 565,000 | 401,810 |
See accompanying notes which are an integral part of this schedule.
Invesco V.I. High Yield Fund
Principal Amount | Value | |||
Integrated Telecommunication Services–(continued) | ||||
CommScope, Inc., | ||||
6.00%, 03/01/2026(b) | $75,000 | $68,719 | ||
4.75%, 09/01/2029(b) | 119,000 | 85,977 | ||
Frontier Communications Holdings LLC, | ||||
6.75%, 05/01/2029(b) | 378,000 | 337,284 | ||
6.00%, 01/15/2030(b) | 80,000 | 67,850 | ||
Iliad Holding S.A.S.U. (France), 6.50%, 10/15/2026(b) | 675,000 | 669,177 | ||
Level 3 Financing, Inc., 4.63%, 09/15/2027(b) | 120,000 | 81,000 | ||
Telecom Italia Capital S.A. (Italy), 7.72%, 06/04/2038 | 653,000 | 654,531 | ||
Verizon Communications, Inc., 2.65%, 11/20/2040 | 20,000 | 14,102 | ||
Windstream Escrow LLC/Windstream Escrow Finance Corp., 7.75%, 08/15/2028(b) | 73,000 | 67,630 | ||
2,610,072 | ||||
Internet Services & Infrastructure–0.05% | ||||
Arches Buyer, Inc., 6.13%, 12/01/2028(b) | 78,000 | 65,429 | ||
Leisure Facilities–1.41% | ||||
Carnival Holdings Bermuda Ltd., 10.38%, 05/01/2028(b) | 590,000 | 643,975 | ||
NCL Finance Ltd., 6.13%, 03/15/2028(b) | 683,000 | 675,068 | ||
Viking Ocean Cruises Ship VII Ltd., 5.63%, 02/15/2029(b) | 730,000 | 711,068 | ||
2,030,111 | ||||
Leisure Products–0.49% | ||||
Amer Sports Co. (Finland), 6.75%, 02/16/2031(b) | 704,000 | 702,694 | ||
Managed Health Care–0.01% | ||||
HCA, Inc., 5.25%, 06/15/2049 | 15,000 | 13,702 | ||
Marine Transportation–2.00% | ||||
NCL Corp. Ltd., | ||||
5.88%, 03/15/2026(b) | 1,478,000 | 1,459,984 | ||
8.13%, 01/15/2029(b) | 315,000 | 333,534 | ||
Stena International S.A. (Sweden), | ||||
7.25%, 01/15/2031(b) | 690,000 | 689,171 | ||
7.63%, 02/15/2031(b) | 387,000 | 392,089 | ||
2,874,778 | ||||
Metal, Glass & Plastic Containers–1.29% | ||||
Ardagh Metal Packaging Finance USA LLC/Ardagh Metal Packaging Finance PLC, 4.00%, 09/01/2029(b) | 200,000 | 161,427 | ||
Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc., 5.25%, 08/15/2027(b) | 200,000 | 126,215 | ||
Mauser Packaging Solutions Holding Co., 9.25%, 04/15/2027(b) | 204,000 | 202,606 | ||
OI European Group B.V., 4.75%, 02/15/2030(b) | 727,000 | 670,026 | ||
Sealed Air Corp., 7.25%, 02/15/2031(b) | 670,000 | 697,427 | ||
1,857,701 |
Principal Amount | Value | ||
Movies & Entertainment–0.05% | |||
AMC Entertainment Holdings, Inc., 7.50%, 02/15/2029(b) | $101,000 | $67,548 | |
Multi-line Insurance–0.14% | |||
Acrisure LLC/Acrisure Finance, Inc., 6.00%, 08/01/2029(b) | 221,000 | 202,881 | |
Office REITs–0.50% | |||
Office Properties Income Trust, 9.00%, 03/31/2029(b) | 786,000 | 725,372 | |
Oil & Gas Drilling–1.72% | |||
Delek Logistics Partners L.P./Delek Logistics Finance Corp., | |||
7.13%, 06/01/2028(b) | 1,068,000 | 1,042,695 | |
8.63%, 03/15/2029(b) | 351,000 | 358,666 | |
Nabors Industries Ltd., 7.50%, 01/15/2028(b) | 75,000 | 70,418 | |
Valaris Ltd., 8.38%, 04/30/2030(b) | 972,000 | 1,003,476 | |
2,475,255 | |||
Oil & Gas Equipment & Services–0.45% | |||
Oceaneering International, Inc., 6.00%, 02/01/2028 | 662,000 | 652,735 | |
Oil & Gas Exploration & Production–4.72% | |||
Aethon United BR L.P./Aethon United Finance Corp., 8.25%, 02/15/2026(b) | 1,902,000 | 1,925,678 | |
Ascent Resources Utica Holdings LLC/ARU Finance Corp., 7.00%, 11/01/2026(b) | 523,000 | 524,669 | |
Baytex Energy Corp. (Canada), 7.38%, 03/15/2032(b) | 1,064,000 | 1,075,602 | |
Hilcorp Energy I L.P./Hilcorp Finance Co., | |||
6.00%, 04/15/2030(b) | 193,000 | 189,147 | |
6.00%, 02/01/2031(b) | 237,000 | 231,329 | |
6.25%, 04/15/2032(b) | 180,000 | 177,662 | |
8.38%, 11/01/2033(b) | 74,000 | 80,291 | |
Moss Creek Resources Holdings, Inc., 10.50%, 05/15/2027(b) | 640,000 | 661,587 | |
Sitio Royalties Operating Partnership L.P./Sitio Finance Corp., 7.88%, 11/01/2028(b) | 651,000 | 673,909 | |
Southwestern Energy Co., 4.75%, 02/01/2032 | 699,000 | 644,033 | |
Venture Global LNG, Inc., 8.13%, 06/01/2028(b) | 596,000 | 608,403 | |
6,792,310 | |||
Oil & Gas Refining & Marketing–0.47% | |||
CVR Energy, Inc., 8.50%, 01/15/2029(b) | 674,000 | 682,959 | |
Oil & Gas Storage & Transportation–5.55% | |||
Genesis Energy L.P./Genesis Energy Finance Corp., | |||
7.75%, 02/01/2028 | 669,000 | 672,875 | |
8.88%, 04/15/2030 | 696,000 | 729,103 | |
Martin Midstream Partners L.P./Martin Midstream Finance Corp., 11.50%, 02/15/2028(b) | 588,000 | 625,166 | |
New Fortress Energy, Inc., | |||
6.50%, 09/30/2026(b) | 825,000 | 794,859 | |
8.75%, 03/15/2029(b) | 340,000 | 339,003 |
See accompanying notes which are an integral part of this schedule.
Invesco V.I. High Yield Fund
Principal Amount | Value | |||
Oil & Gas Storage & Transportation–(continued) | ||||
NGL Energy Operating LLC/NGL Energy Finance Corp., | ||||
8.13%, 02/15/2029(b) | $330,000 | $338,196 | ||
8.38%, 02/15/2032(b) | 695,000 | 712,912 | ||
Prairie Acquiror L.P., 9.00%, 08/01/2029(b) | 353,000 | 363,677 | ||
Rockies Express Pipeline LLC, 4.95%, 07/15/2029(b) | 684,000 | 639,768 | ||
Summit Midstream Holdings LLC/Summit Midstream Finance Corp., 9.00%, 10/15/2026(b)(j) | 647,000 | 654,885 | ||
Tallgrass Energy Partners L.P./Tallgrass Energy Finance Corp., 7.38%, 02/15/2029(b) | 1,021,000 | 1,027,812 | ||
Venture Global LNG, Inc., | ||||
9.50%, 02/01/2029(b) | 648,000 | 698,860 | ||
9.88%, 02/01/2032(b) | 370,000 | 398,997 | ||
7,996,113 | ||||
Other Specialty Retail–0.31% | ||||
Bath & Body Works, Inc., 6.88%, 11/01/2035 | 196,000 | 200,573 | ||
Michaels Cos., Inc. (The), 7.88%, 05/01/2029(b) | 141,000 | 105,918 | ||
Staples, Inc., 7.50%, 04/15/2026(b) | 146,000 | 142,633 | ||
449,124 | ||||
Paper & Plastic Packaging Products & Materials–0.66% | ||||
Clydesdale Acquisition Holdings, Inc., | ||||
6.63%, 04/15/2029(b) | 673,000 | 673,149 | ||
8.75%, 04/15/2030(b) | 75,000 | 73,769 | ||
LABL, Inc., | ||||
10.50%, 07/15/2027(b) | 138,000 | 136,982 | ||
8.25%, 11/01/2029(b) | 80,000 | 68,419 | ||
952,319 | ||||
Passenger Airlines–1.03% | ||||
American Airlines, Inc./AAdvantage Loyalty IP Ltd., 5.75%, 04/20/2029(b) | 1,359,000 | 1,336,917 | ||
Hawaiian Brand Intellectual Property Ltd./HawaiianMiles Loyalty Ltd., 5.75%, 01/20/2026(b) | 150,000 | 140,936 | ||
1,477,853 | ||||
Passenger Ground Transportation–0.24% | ||||
Hertz Corp. (The), 4.63%, 12/01/2026(b) | 79,000 | 71,783 | ||
Uber Technologies, Inc., 4.50%, 08/15/2029(b) | 282,000 | 268,096 | ||
339,879 | ||||
Pharmaceuticals–0.65% | ||||
Bausch Health Cos., Inc., | ||||
5.50%, 11/01/2025(b) | 337,000 | 318,465 | ||
4.88%, 06/01/2028(b) | 472,000 | 258,032 | ||
5.25%, 01/30/2030(b) | 327,000 | 137,694 | ||
Par Pharmaceutical, Inc., 7.50%, 04/01/2027(b) | 329,000 | 217,505 | ||
931,696 | ||||
Real Estate Services–0.04% | ||||
Realogy Group LLC/Realogy Co-Issuer Corp., 5.75%, 01/15/2029(b) | 85,000 | 60,278 |
Principal Amount | Value | |||
Regional Banks–0.05% | ||||
Verde Purchaser LLC, 10.50%, 11/30/2030(b) | $67,000 | $70,627 | ||
Reinsurance–0.01% | ||||
Global Atlantic (Fin) Co., 6.75%, 03/15/2054(b) | 15,000 | 15,401 | ||
Restaurants–1.09% | ||||
1011778 BC ULC/New Red Finance, Inc. (Canada), 4.00%, 10/15/2030(b) | 785,000 | 700,002 | ||
Fertitta Entertainment LLC/Fertitta Entertainment Finance Co., Inc., 6.75%, 01/15/2030(b) | 223,000 | 200,417 | ||
McDonald’s Corp., 4.88%, 12/09/2045 | 15,000 | 14,009 | ||
Yum! Brands, Inc., 5.38%, 04/01/2032 | 678,000 | 656,728 | ||
1,571,156 | ||||
Retail REITs–0.70% | ||||
NMG Holding Co., Inc./Neiman Marcus Group LLC, 7.13%, 04/01/2026(b) | 1,033,000 | 1,012,520 | ||
Security & Alarm Services–0.31% | ||||
Allied Universal Holdco LLC/Allied Universal Finance Corp., 6.00%, 06/01/2029(b) | 355,000 | 305,854 | ||
Garda World Security Corp. (Canada), 9.50%, 11/01/2027(b) | 133,000 | 133,889 | ||
439,743 | ||||
Semiconductor Materials & Equipment–0.01% | ||||
NXP B.V./NXP Funding LLC/NXP USA, Inc. (China), 5.00%, 01/15/2033 | 15,000 | 14,681 | ||
Single-Family Residential REITs–0.46% | ||||
Ashton Woods USA LLC/Ashton Woods Finance Co., 6.63%, 01/15/2028(b) | 653,000 | 656,068 | ||
Specialized Consumer Services–2.19% | ||||
Allwyn Entertainment Financing (UK) PLC (Czech Republic), 7.88%, 04/30/2029(b) | 1,014,000 | 1,044,314 | ||
Carriage Services, Inc., 4.25%, 05/15/2029(b) | 2,386,000 | 2,117,333 | ||
3,161,647 | ||||
Specialized Finance–0.24% | ||||
Jefferson Capital Holdings LLC, 9.50%, 02/15/2029(b) | 342,000 | 350,469 | ||
Specialty Chemicals–0.13% | ||||
Olympus Water US Holding Corp., 6.25%, 10/01/2029(b) | 200,000 | 183,265 | ||
Steel–0.97% | ||||
Cleveland-Cliffs, Inc., | ||||
6.75%, 04/15/2030(b) | 679,000 | 681,824 | ||
7.00%, 03/15/2032(b) | 351,000 | 356,072 | ||
6.25%, 10/01/2040 | 397,000 | 356,155 | ||
1,394,051 |
See accompanying notes which are an integral part of this schedule.
Invesco V.I. High Yield Fund
Principal Amount | Value | |||
Systems Software–0.76% | ||||
Camelot Finance S.A., 4.50%, 11/01/2026(b) | $363,000 | $350,156 | ||
CrowdStrike Holdings, Inc., 3.00%, 02/15/2029 | 653,000 | 579,843 | ||
McAfee Corp., 7.38%, 02/15/2030(b) | 157,000 | 144,148 | ||
Oracle Corp., 4.00%, 11/15/2047 | 20,000 | 15,624 | ||
1,089,771 | ||||
Telecom Tower REITs–0.45% | ||||
SBA Communications Corp., 3.13%, 02/01/2029 | 740,000 | 653,591 | ||
Tires & Rubber–0.05% | ||||
FXI Holdings, Inc., 12.25%, 11/15/2026(b) | 69,000 | 69,259 | ||
Trading Companies & Distributors–2.24% | ||||
Air Lease Corp., 2.88%, 01/15/2032 | 15,000 | 12,639 | ||
Aircastle Ltd., 5.25%(b)(g)(h) | 775,000 | 742,081 | ||
BlueLinx Holdings, Inc., 6.00%, 11/15/2029(b) | 365,000 | 356,270 | ||
Fortress Transportation and Infrastructure Investors LLC, | ||||
5.50%, 05/01/2028(b) | 1,029,000 | 998,129 | ||
7.88%, 12/01/2030(b) | 1,059,000 | 1,113,170 | ||
3,222,289 | ||||
Wireless Telecommunication Services–0.95% | ||||
Vodafone Group PLC (United Kingdom), 4.13%, 06/04/2081(g) | 1,588,000 | 1,370,363 | ||
Total U.S. Dollar Denominated Bonds & Notes (Cost $115,930,353) | 118,182,384 | |||
Variable Rate Senior Loan Interests–8.41%(k)(l) | ||||
Advertising–0.32% | ||||
Clear Channel Outdoor Holdings, Inc., Term Loan B, 9.07% (3 mo. SOFR + 3.76%), 08/21/2026 | 461,188 | 461,764 | ||
Apparel Retail–0.22% | ||||
Victoria’s Secret & Co., First Lien Term Loan, 8.84% (3 mo. SOFR + 3.51%), 08/02/2028 | 323,340 | 320,645 | ||
Casinos & Gaming–0.49% | ||||
Bally’s Corp., Term Loan B, 8.83% (3 mo. SOFR + 3.51%), 10/02/2028 | 750,000 | 706,091 | ||
Commodity Chemicals–0.19% | ||||
Schweitzer-Mauduit International, Inc. (SWM International), Term Loan B, 9.19% (1 mo. SOFR + 3.86%), 04/20/2028 | 271,888 | 272,343 | ||
Diversified Financial Services–0.49% | ||||
Boost Newco Borrower LLC (WorldPay), Term Loan, 8.31% (1 mo. SOFR + 3.00%), 01/31/2031 | 705,000 | 708,381 | ||
Health Care Supplies–0.42% | ||||
Mozart Debt Merger Sub, Inc. (Medline Industries), Term Loan, 8.06% (3 mo. SOFR + 2.75%), 10/23/2028 | 606,559 | 608,558 |
Principal Amount | Value | ||
Hotel & Resort REITs–0.49% | |||
IRB Holding Corp., Term Loan B, 8.18% (1 mo. SOFR + 2.85%), 12/15/2027 | $705,633 | $706,628 | |
Hotels, Resorts & Cruise Lines–0.98% | |||
Carnival Corp., Incremental Term Loan B, 8.70% (1 mo. SOFR + 3.36%), 10/18/2028 | 694,002 | 695,810 | |
Scientific Games Lottery, First Lien Term Loan, 8.58% (3 mo. SOFR + 2.85%), 04/04/2029 | 711,146 | 711,832 | |
1,407,642 | |||
Interactive Media & Services–0.49% | |||
Camelot US Acquisition LLC, Term Loan, 8.08% (1 mo. SOFR + 2.75%), 01/31/2031 | 705,000 | 705,529 | |
Life Sciences Tools & Services–0.48% | |||
Syneos Health, Inc., Term Loan, 9.31% (3 mo. SOFR + 4.00%), 09/27/2030 | 689,000 | 685,600 | |
Oil & Gas Exploration & Production–0.33% | |||
Prairie ECI Acquiror L.P., Term Loan B, 10.08% (1 mo. SOFR + 4.75%), 08/01/2029 | 470,000 | 468,867 | |
Oil & Gas Storage & Transportation–0.63% | |||
NFE Atlantic Holdings LLC, Term Loan B, 10.32% (3 mo. SOFR + 5.00%), 10/30/2028 | 904,000 | 908,050 | |
Passenger Ground Transportation–0.29% | |||
Uber Technologies, Inc., Term Loan B, 8.08% (3 mo. SOFR + 2.75%), 03/03/2030 | 421,811 | 424,112 | |
Pharmaceuticals–0.33% | |||
Endo Luxembourg Finance Co. I S.a.r.l., Term Loan, 14.50% (1 mo. PRIME + 6.00%), 03/27/2028 | 720,875 | 475,518 | |
Real Estate Development–0.33% | |||
Greystar Real Estate Partners, LLC, Term Loan, 8.58% (3 mo. SOFR + 3.25%), 08/21/2030(m) | 470,820 | 471,997 | |
Real Estate Services–0.48% | |||
DTZ U.S. Borrower LLC, Term Loan B, -%, 01/31/2030(m)(n) | 686,280 | 688,854 | |
Research & Consulting Services–0.49% | |||
Dun & Bradstreet Corp. (The), Incremental Term Loan B-2, 8.08% (1 mo. SOFR + 2.75%), 01/18/2029 | 706,504 | 707,164 | |
Restaurants–0.48% | |||
New Red Finance, Inc., Term Loan B-5, 7.58% (1 mo. SOFR + 2.25%), 09/23/2030 | 689,273 | 689,703 |
See accompanying notes which are an integral part of this schedule.
Invesco V.I. High Yield Fund
Principal Amount | Value | ||
Trading Companies & Distributors–0.48% | |||
Jane Street Group LLC, Term Loan, 7.94% (1 mo. SOFR + 2.61%), 01/26/2028 | $695,000 | $696,129 | |
Total Variable Rate Senior Loan Interests (Cost $12,214,374) | 12,113,575 | ||
Non-U.S. Dollar Denominated Bonds & Notes–3.24%(o) | |||
Casinos & Gaming–0.10% | |||
Codere Finance 2 (Luxembourg) S.A. (Spain), 3.00% PIK Rate, 8.00% Cash Rate, 09/30/2026(Acquired 07/24/2020-09/30/2022; Cost $301,910)(b)(c)(e) | EUR | 259,599 | 148,436 |
Diversified Banks–1.43% | |||
Banco Bilbao Vizcaya Argentaria S.A. (Spain), 6.00%(b)(g)(h) | EUR | 400,000 | 432,055 |
BNP Paribas S.A. (France), 6.88%(b)(g)(h) | EUR | 400,000 | 451,795 |
Cooperatieve Rabobank U.A. (Netherlands), 4.38%(b)(g)(h) | EUR | 400,000 | 413,478 |
Credit Agricole S.A. (France), 7.25%(b)(g)(h) | EUR | 300,000 | 341,951 |
Lloyds Banking Group PLC (United Kingdom), 4.95%(b)(g)(h) | EUR | 400,000 | 425,274 |
2,064,553 | |||
Diversified Capital Markets–0.32% | |||
Deutsche Bank AG (Germany), 10.00%(b)(g)(h) | EUR | 400,000 | 469,030 |
Health Care REITs–0.15% | |||
MPT Operating Partnership L.P./MPT Finance Corp., 3.33%, 03/24/2025 | EUR | 211,000 | 214,830 |
Pharmaceuticals–0.49% | |||
Nidda Healthcare Holding GmbH (Germany), 7.50%, 08/21/2026(b) | EUR | 629,000 | 700,591 |
Wireless Telecommunication Services–0.75% | |||
VMED O2 UK Financing I PLC (United Kingdom), 3.25%, 01/31/2031(b) | EUR | 1,125,000 | 1,075,217 |
Total Non-U.S. Dollar Denominated Bonds & Notes (Cost $4,429,144) | 4,672,657 |
Shares | Value | |||
Preferred Stocks–0.42% | ||||
Diversified Banks–0.42% | ||||
Bank of America Corp., 6.50%, Series Z, Pfd. (Cost $595,661)(g) | 598,000 | $600,002 | ||
Principal Amount | ||||
U.S. Treasury Securities–0.04% | ||||
U.S. Treasury Bills–0.04% | ||||
5.37%, 04/18/2024 (Cost $53,867)(p) | $54,000 | 53,867 | ||
Shares | ||||
Common Stocks & Other Equity Interests–0.01% | ||||
Food Retail–0.01% | ||||
Casino Guichard Perrachon S.A. (France)(q) | 337,056 | 14,289 | ||
Casino Guichard Perrachon S.A., Wts., expiring 04/27/2029 (France), | 184,690 | 2,431 | ||
Total Common Stocks & Other Equity Interests (Cost $37,567) | 16,720 | |||
Money Market Funds–3.88% | ||||
Invesco Government & Agency Portfolio, Institutional Class, 5.24%(r)(s) | 1,952,714 | 1,952,714 | ||
Invesco Liquid Assets Portfolio, Institutional Class, 5.35%(r)(s) | 1,405,279 | 1,405,841 | ||
Invesco Treasury Portfolio, Institutional Class, 5.21%(r)(s) | 2,231,674 | 2,231,674 | ||
Total Money Market Funds (Cost $5,590,288) | 5,590,229 | |||
TOTAL INVESTMENTS IN SECURITIES–98.06% (Cost $138,851,254) | 141,229,434 | |||
OTHER ASSETS LESS LIABILITIES—1.94% | 2,797,590 | |||
NET ASSETS–100.00% | $144,027,024 |
Investment Abbreviations:
Conv. | – Convertible |
EUR | – Euro |
Pfd. | – Preferred |
PIK | – Pay-in-Kind |
REIT | – Real Estate Investment Trust |
SOFR | – Secured Overnight Financing Rate |
Wts. | – Warrants |
See accompanying notes which are an integral part of this schedule.
Invesco V.I. High Yield Fund
Notes to Schedule of Investments:
(a) | Industry and/or sector classifications used in this report are generally according to the Global Industry Classification Standard, which was developed by and is the exclusive property and a service mark of MSCI Inc. and Standard & Poor’s. |
(b) | Security purchased or received in a transaction exempt from registration under the Securities Act of 1933, as amended (the “1933 Act”). The security may be resold pursuant to an exemption from registration under the 1933 Act, typically to qualified institutional buyers. The aggregate value of these securities at March 31, 2024 was $106,898,110, which represented 74.22% of the Fund’s Net Assets. |
(c) | All or a portion of this security is Pay-in-Kind. Pay-in-Kind securities pay interest income in the form of securities. |
(d) | Defaulted security. Currently, the issuer is in default with respect to principal and/or interest payments. The value of this security at March 31, 2024 represented less than 1% of the Fund’s Net Assets. |
(e) | Restricted security. The aggregate value of these securities at March 31, 2024 was $152,073, which represented less than 1% of the Fund’s Net Assets. |
(f) | Security has an irrevocable call by the issuer or mandatory put by the holder. Maturity date reflects such call or put. |
(g) | Security issued at a fixed rate for a specific period of time, after which it will convert to a variable rate. |
(h) | Perpetual bond with no specified maturity date. |
(i) | Zero coupon bond issued at a discount. |
(j) | Step coupon bond. The interest rate represents the coupon rate at which the bond will accrue at a specified future date. |
(k) | Variable rate senior loan interests often require prepayments from excess cash flow or permit the borrower to repay at its election. The degree to which borrowers repay, whether as a contractual requirement or at their election, cannot be predicted with any accuracy. As a result, the actual remaining maturity may be substantially less than the stated maturities shown. However, it is anticipated that the variable rate senior loan interests will have an expected average life of three to five years. |
(l) | Variable rate senior loan interests are, at present, not readily marketable, not registered under the 1933 Act and may be subject to contractual and legal restrictions on sale. Variable rate senior loan interests in the Fund’s portfolio generally have variable rates which adjust to a base, such as the Secured Overnight Financing Rate ("SOFR"), on set dates, typically every 30 days, but not greater than one year, and/or have interest rates that float at margin above a widely recognized base lending rate such as the Prime Rate of a designated U.S. bank. |
(m) | Security valued using significant unobservable inputs (Level 3). See Note 1. |
(n) | This variable rate interest will settle after March 31, 2024, at which time the interest rate will be determined. |
(o) | Foreign denominated security. Principal amount is denominated in the currency indicated. |
(p) | Security traded on a discount basis. The interest rate shown represents the discount rate at the time of purchase by the Fund. |
(q) | Non-income producing security. |
(r) | Affiliated holding. Affiliated holdings are investments in entities which are under common ownership or control of Invesco Ltd. or are investments in entities in which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund’s transactions in, and earnings from, its investments in affiliates for the three months ended March 31, 2024. |
Value December 31, 2023 | Purchases at Cost | Proceeds from Sales | Change in Unrealized Appreciation (Depreciation) | Realized Gain (Loss) | Value March 31, 2024 | Dividend Income | |
Invesco AT1 Capital Bond UCITS ETF | $704,529 | $1,688,473 | $(2,396,296) | $(60,005) | $63,299 | $- | $- |
Investments in Affiliated Money Market Funds: | |||||||
Invesco Government & Agency Portfolio, Institutional Class | 112,903 | 8,747,659 | (6,907,848) | - | - | 1,952,714 | 14,482 |
Invesco Liquid Assets Portfolio, Institutional Class | 100,530 | 6,248,327 | (4,942,791) | (83) | (142) | 1,405,841 | 10,853 |
Invesco Treasury Portfolio, Institutional Class | 129,032 | 9,997,324 | (7,894,682) | - | - | 2,231,674 | 16,517 |
Total | $1,046,994 | $26,681,783 | $(22,141,617) | $(60,088) | $63,157 | $5,590,229 | $41,852 |
(s) | The rate shown is the 7-day SEC standardized yield as of March 31, 2024. |
Open Forward Foreign Currency Contracts | ||||||
Settlement Date | Counterparty | Contract to | Unrealized Appreciation (Depreciation) | |||
Deliver | Receive | |||||
Currency Risk | ||||||
05/15/2024 | UBS AG | USD | 1,382,880 | EUR | 1,280,000 | $359 |
Currency Risk | ||||||
05/15/2024 | Canadian Imperial Bank of Commerce | GBP | 388,000 | USD | 489,050 | (778) |
05/15/2024 | Deutsche Bank AG | USD | 490,269 | GBP | 388,000 | (441) |
05/15/2024 | Goldman Sachs International | EUR | 6,452,000 | USD | 6,964,005 | (8,385) |
05/15/2024 | Goldman Sachs International | USD | 410,465 | EUR | 378,000 | (1,977) |
Subtotal—Depreciation | (11,581) | |||||
Total Forward Foreign Currency Contracts | $(11,222) |
See accompanying notes which are an integral part of this schedule.
Invesco V.I. High Yield Fund
Open Centrally Cleared Credit Default Swap Agreements(a) | ||||||||||
Reference Entity | Buy/Sell Protection | (Pay)/ Receive Fixed Rate | Payment Frequency | Maturity Date | Implied Credit Spread(b) | Notional Value | Upfront Payments Paid (Received) | Value | Unrealized Appreciation | |
Credit Risk | ||||||||||
Markit CDX North America High Yield Index, Series 41, Version 1 | Sell | 5.00% | Quarterly | 12/20/2028 | 3.116% | USD | 6,930,000 | $235,311 | $511,448 | $276,137 |
(a) | Centrally cleared swap agreements collateralized by $190,369 cash held with Bank of America. |
(b) | Implied credit spreads represent the current level, as of March 31, 2024, at which protection could be bought or sold given the terms of the existing credit default swap agreement and serve as an indicator of the current status of the payment/performance risk of the credit default swap agreement. An implied credit spread that has widened or increased since entry into the initial agreement may indicate a deteriorating credit profile and increased risk of default for the reference entity. A declining or narrowing spread may indicate an improving credit profile or decreased risk of default for the reference entity. Alternatively, credit spreads may increase or decrease reflecting the general tolerance for risk in the credit markets generally. |
Abbreviations: | |
EUR | —Euro |
GBP | —British Pound Sterling |
USD | —U.S. Dollar |
The valuation policy and a listing of other significant accounting policies are available in the most recent shareholder report.
See accompanying notes which are an integral part of this schedule.
Invesco V.I. High Yield Fund
Notes to Quarterly Schedule of Portfolio Holdings
March 31, 2024
(Unaudited)
NOTE 1—Additional Valuation Information
Generally Accepted Accounting Principles ("GAAP") defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date, under current market conditions. GAAP establishes a hierarchy that prioritizes the inputs to valuation methods, giving the highest priority to readily available unadjusted quoted prices in an active market for identical assets (Level 1) and the lowest priority to significant unobservable inputs (Level 3), generally when market prices are not readily available. Based on the valuation inputs, the securities or other investments are tiered into one of three levels. Changes in valuation methods may result in transfers in or out of an investment’s assigned level:
Level 1 – Prices are determined using quoted prices in an active market for identical assets.
Level 2 – Prices are determined using other significant observable inputs. Observable inputs are inputs that other market participants may use in pricing a security. These may include quoted prices for similar securities, interest rates, prepayment speeds, credit risk, yield curves, loss severities, default rates, discount rates, volatilities and others.
Level 3 – Prices are determined using significant unobservable inputs. In situations where quoted prices or observable inputs are unavailable (for example, when there is little or no market activity for an investment at the end of the period), unobservable inputs may be used. Unobservable inputs reflect Invesco Advisers, Inc.’s assumptions about the factors market participants would use in determining fair value of the securities or instruments and would be based on the best available information.
The following is a summary of the tiered valuation input levels, as of March 31, 2024. The level assigned to the securities valuations may not be an indication of the risk or liquidity associated with investing in those securities. Because of the inherent uncertainties of valuation, the values reflected in the financial statements may materially differ from the value received upon actual sale of those investments.
Level 1 | Level 2 | Level 3 | Total | |
Investments in Securities | ||||
U.S. Dollar Denominated Bonds & Notes | $— | $118,182,384 | $— | $118,182,384 |
Variable Rate Senior Loan Interests | — | 10,952,724 | 1,160,851 | 12,113,575 |
Non-U.S. Dollar Denominated Bonds & Notes | — | 4,672,657 | — | 4,672,657 |
Preferred Stocks | — | 600,002 | — | 600,002 |
U.S. Treasury Securities | — | 53,867 | — | 53,867 |
Common Stocks & Other Equity Interests | 2,431 | 14,289 | — | 16,720 |
Money Market Funds | 5,590,229 | — | — | 5,590,229 |
Total Investments in Securities | 5,592,660 | 134,475,923 | 1,160,851 | 141,229,434 |
Other Investments - Assets* | ||||
Forward Foreign Currency Contracts | — | 359 | — | 359 |
Swap Agreements | — | 276,137 | — | 276,137 |
— | 276,496 | — | 276,496 | |
Other Investments - Liabilities* | ||||
Forward Foreign Currency Contracts | — | (11,581) | — | (11,581) |
Total Other Investments | — | 264,915 | — | 264,915 |
Total Investments | $5,592,660 | $134,740,838 | $1,160,851 | $141,494,349 |
* | Unrealized appreciation (depreciation). |
Invesco V.I. High Yield Fund