Fund name Inception Date Avg. annual total returns (%) as of 09/30/2021
Since Incept.* 1 Yr 3 Yr 5 Yr 10 Yr
Alternative - Real Estate - Class Series I
03/31/1998 7.34 22.69 5.23 4.11 7.89
Alternative - Risk-Balanced - Class Series I
01/23/2009 8.45 18.65 8.89 6.77 6.62
Balanced - Target Risk - Class Series I
02/09/1987 7.25 12.83 10.55 8.19 8.61
Balanced - US Balanced - Class Series I
06/01/2010 10.01 32.22 9.99 10.01 10.97
Equity - Defined Outcome - Class Series I
09/30/2021 N/A N/A N/A N/A N/A
09/30/2021 N/A N/A N/A N/A N/A
Equity - International and Global Equity - Class Series I
05/13/1992 7.67 23.62 12.75 10.09 9.99
01/02/1997 5.79 24.06 9.83 10.16 9.95
11/12/1990 10.79 31.57 16.57 17.50 14.62
05/05/1993 7.28 15.47 9.74 8.46 8.32
Equity - Sector Equity - Class Series I
05/21/1997 9.27 17.81 11.86 11.99 13.94
05/20/1997 8.49 21.53 20.44 23.13 17.66
Equity - US Equity - Class Series I
07/03/1995 11.06 23.56 19.99 20.75 17.84
01/02/1997 9.49 46.30 6.61 8.96 11.78
04/03/1985 11.13 27.87 20.72 19.98 16.97
04/30/1999 7.63 51.25 8.71 11.86 13.31
05/02/1994 8.70 28.12 13.63 12.09 12.10
08/15/1986 10.75 34.16 21.48 20.99 18.07
03/01/1990 8.10 26.86 8.38 8.10 12.37
11/09/1994 11.24 40.20 14.01 14.31 15.56
12/23/1996 9.07 45.93 8.85 10.90 12.83
07/05/1995 9.63 28.04 14.65 14.43 15.22
09/10/2001 8.00 33.14 10.58 10.29 10.90
05/01/1998 9.31 49.43 12.46 14.78 15.79
05/18/1998 7.64 29.50 15.55 16.41 16.20
08/29/2003 9.72 47.40 13.28 13.36 13.44
Fixed Income - International and Global Fixed Income - Class Series I
05/03/1993 5.30 2.89 2.82 2.31 3.39
Fixed Income - US Fixed Income - Class Series I
04/03/1985 5.38 0.08 6.08 3.60 4.41
05/05/1993 4.48 1.85 6.41 4.32 5.01
05/05/1993 4.07 -0.78 4.29 2.13 1.96
05/01/1998 4.35 10.52 4.94 4.69 6.06
Liquidity - Money Market - Class Series I
05/05/1993 2.12 0.01 0.89 0.87 0.45
04/03/1985 3.22 0.01 0.79 0.73 0.37

* Returns are cumulative for funds with less than one year of performance.

Important information about Variable Products

This content is provided for informational and/or educational purposes only and does not constitute a recommendation of the suitability of any investment strategy for a particular investor. Investors should consult a financial and/or tax professional before making any investment decisions if they are uncertain whether an investment is suitable for them.

Invesco Variable Insurance Funds are available solely as underlying investment options for variable life insurance and variable annuity products issued or administered by life insurance companies. This information is provided to help investors consider the objectives, risks, charges, and expenses associated with these underlying investment option(s). Investors should contact their investment or insurance professional for important information about the variable life insurance and variable annuity products that hold these investment options. Invesco Distributors, Inc. does not offer any variable products.

Shares of Invesco Variable Insurance Funds have no sales charge and are offered at net asset value (“NAV”). These Funds are available solely as an underlying investment option for variable life insurance and variable annuity products issued or administered by life insurance companies. The insurance company actually owns the Shares of the Funds. Investors do not buy, sell or exchange Shares of the Funds directly, but choose investment options through a variable annuity contract or variable life insurance policy. The insurance company then invests in, sells or exchanges the Shares of the Fund according to the investment options chosen by the investor. Fund returns do not reflect fees and expenses of any variable annuity contract or variable life insurance policy and would be lower if they did. Those expenses and fees are determined by the offering insurance company and will vary. Please refer to specific performance reporting from the issuing insurance company for returns that reflect such charges.

Withdrawals of taxable amounts from variable annuity contracts prior to age 59½ may be subject to an additional 10% federal tax penalty as well as income tax. Amounts withdrawn from a variable insurance contract will reduce the death benefit and withdrawals of earnings will be subject to income tax.

Fund performance reflects any applicable fee waivers and/or expense reimbursements. Had the adviser not waived fees and/or reimbursed expenses currently or in the past, returns would have been lower. See the current prospectus for more information.

The returns for the Series shown do not reflect the deduction of fees and expenses associated with variable products, such as mortality and expense risk charges, separate account charges, and sales charges imposed by insurance company separate accounts. Such fees and expenses would reduce the overall returns shown and vary by insurance companies. Please refer to the variable product's annual report for performance that reflects the deduction of the fees, expenses and other charges imposed by insurance company separate accounts.

No representation is made, and no assurance can be given, that any investment's results will be comparable to the investment results of any other product with similar investment objectives and policies, including products with the same investment professional or manager. Differences in portfolio size, investments held, contract and portfolio expenses, and other factors, can be expected to affect performance.

About Variable Products

Issued by insurance companies, variable annuity and variable life insurance contracts allow investors to accumulate money on a tax deferred basis for long-term financial goals. Mortality and expense risk charges (which compensate the insurance company for insurance risks it assumes under the contract), surrender charges (typically levied if a contract holder cancels the contract within a certain period following initial purchase), and an annual maintenance charge are among the fees and expenses typically associated with these types of variable products.

Please keep in mind that any income guarantees are subject to the claims-paying ability of the issuing insurance company, and that contract owners have options when a contract's payout phase begins. Generally, investors may take their money in a lump sum, make discretionary or systematic distributions, or they can annuitize.

Before investing, investors should carefully read their variable annuity or life insurance contract and the associated variable product prospectus, as well as the underlying fund prospectus(es), and carefully consider the investment objectives, risks, charges, and expenses. For this and more complete information about the underlying funds, investors should ask the offering insurance company.

Performance quoted is past performance and cannot guarantee comparable future results; current performance may be lower or higher. Investment return and principal value will vary so that you may have a gain or a loss when you sell shares.

Series I and II may not be available in all products. Please check the product prospectus for more information.
Performance figures reflect reinvested distributions and changes in net asset value (NAV) and the effect of the maximum sales charge unless otherwise stated.

You could lose money by investing in the Fund. Although the Fund seeks to preserve your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund’s sponsor has no legal obligation to provide financial support to the Fund, and you should not expect that the sponsor will provide financial support to the Fund at any time.

1 Had fees not been waived and/or expenses reimbursed currently or in the past, returns would have been lower.

2 As the result of a reorganization on May 24, 2019, the returns of the fund for periods on or prior to May 24, 2019 reflect performance of the Oppenheimer predecessor fund. Share class returns will differ from the predecessor fund due to a change in expenses and sales charges.

3 Effective April 30, 2021, Invesco Oppenheimer V.I. Capital Appreciation Fund was renamed Invesco V.I. Capital Appreciation Fund.

4 Effective April 30, 2021, Invesco Oppenheimer V.I. Conservative Balanced Fund was renamed Invesco V.I. Conservative Balanced Fund.

5 Effective April 30, 2021, Invesco Oppenheimer V.I. Total Return Bond Fund was renamed Invesco V.I. Core Bond Fund.

6 Effective April 30, 2021, Invesco Oppenheimer V.I. Discovery Mid Cap Growth Fund was renamed Invesco V.I. Discovery Mid Cap Growth Fund.

7 Effective April 30, 2021, Invesco Oppenheimer V.I. Global Fund was renamed Invesco V.I. Global Fund.

8 Effective April 30, 2021, Invesco Oppenheimer V.I. Global Strategic Income Fund was renamed Invesco V.I. Global Strategic Income Fund.

9 Effective April 30, 2021, Invesco Oppenheimer V.I. Main Street Fund was renamed Invesco V.I. Main Street Fund.

10 Effective April 30, 2021, Invesco V.I. Mid Cap Core Equity Fund was renamed Invesco V.I. Main Street Mid Cap Fund.

11 Effective April 30, 2021, Invesco Oppenheimer V.I. Main Street Small Cap Fund was renamed Invesco V.I. Main Street Small Cap Fund.

12 Effective April 30, 2021, Invesco Oppenheimer V.I. Government Money Fund was renamed Invesco V.I. U.S. Government Money Portfolio.