04/26/2024 | Press release | Distributed by Public on 04/26/2024 05:42
Summary Prospectus
|
April 26, 2024
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Shareholder Fees (fees paid directly from your investment)
|
||
Series I shares
|
Series II shares
|
|
Maximum Sales Charge (Load) Imposed on Purchases
(as a percentage of offering price)
|
None
|
None
|
Maximum Deferred Sales Charge (Load) (as a
percentage of original purchase price or redemption
proceeds, whichever is less)
|
None
|
None
|
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the
value of your investment)
|
||
Series I shares
|
Series II shares
|
|
Management Fees
|
0.93
%
|
0.93
%
|
Distribution and/or Service (12b-1) Fees
|
None
|
0.25
|
Other Expenses
|
0.20
|
0.20
|
Acquired Fund Fees and Expenses
|
0.16
|
0.16
|
Total Annual Fund Operating Expenses
|
1.29
|
1.54
|
Fee Waiver and/or Expense Reimbursement1
|
0.41
|
0.41
|
Total Annual Fund Operating Expenses After Fee Waiver
and/or Expense Reimbursement
|
0.88
|
1.13
|
1
|
Invesco Advisers, Inc. (Invesco or the Adviser) has contractually agreed to waive advisory fees
and/or reimburse expenses to the extent necessary to limit Total Annual Fund Operating
Expenses After Fee Waiver and/or Expense Reimbursement (including prior fiscal year end
Acquired Fund Fees and Expenses of 0.16% and excluding certain items discussed below) of
Series I and Series II shares to 0.88% and 1.13%, respectively, of the Fund's average daily net
assets (the "expense limits"). In determining the Adviser's obligation to waive advisory fees
and/or reimburse expenses, the following expenses are not taken into account, and could
cause the Total Annual Fund Operating Expenses After Fee Waiver and/or Expense
Reimbursement to exceed the numbers reflected above: (i) interest; (ii) taxes; (iii) dividend
expense on short sales; (iv) extraordinary or non-routine items, including litigation expenses;
and (v) expenses that the Fund has incurred but did not actually pay because of an expense
offset arrangement. Invesco has also contractually agreed to waive a portion of the Fund's
management fee in an amount equal to the net management fee that Invesco earns on the
Fund's investments in certain affiliated funds. Unless Invesco continues the fee waiver
agreements, they will terminate on April 30, 2025 and June 30, 2025, respectively. During
their terms, the fee waiver agreements cannot be terminated or amended to increase the
expense limits or reduce the advisory fee waiver without approval of the Board of Trustees.
|
1 Year
|
3 Years
|
5 Years
|
10 Years
|
|
Series I shares
|
$90
|
$369
|
$668
|
$1,521
|
Series II shares
|
$115
|
$446
|
$801
|
$1,800
|
Series I
|
Period Ended
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Returns
|
Best Quarter
|
December 31, 2020
|
10.63%
|
Worst Quarter
|
March 31, 2020
|
-11.82%
|
Inception
Date
|
1
Year
|
5
Years
|
10
Years
|
|
Series I
|
1/23/2009
|
6.63
%
|
4.90
%
|
4.03
%
|
Series II
|
1/23/2009
|
6.40
|
4.66
|
3.79
|
Custom Invesco V.I. Balanced-Risk Allocation Index
(60% MSCI World Index (Net) (reflects reinvested
dividends net of withholding taxes, but reflects no
deduction for fees, expenses or other taxes) and
40% Bloomberg U.S. Aggregate Bond Index
(reflects no deduction for fees, expenses or other
taxes))
|
16.35
|
8.43
|
6.16
|
|
MSCI World IndexSM (Net) (reflects reinvested
dividends net of withholding taxes, but reflects no
deduction for fees, expenses or other taxes)1
|
23.79
|
12.80
|
8.60
|
|
MSCI ACWI (Net) (reflects reinvested dividends net of
withholding taxes, but reflects no deduction for
fees, expenses or other taxes)1
|
22.20
|
11.72
|
7.93
|
|
Portfolio Managers
|
Title
|
Length of Service on the Fund
|
Mark Ahnrud, CFA
|
Portfolio Manager
|
2010
|
John Burrello, CFA
|
Portfolio Manager
|
2022
|
Chris Devine, CFA
|
Portfolio Manager
|
2010
|
Scott Hixon, CFA
|
Portfolio Manager
|
2010
|
Christian Ulrich, CFA
|
Portfolio Manager
|
2010
|
Scott Wolle, CFA
|
Portfolio Manager
|
2010
|