LVIP Franklin Templeton Core Bond Fund
LINCOLN VARIABLE INSURANCE PRODUCTS TRUST
Fund classification
Classified from what the fund holds · as of 2026 Q2
LVIP Franklin Templeton Core Bond Fund is an actively managed U.S. bond fund.
- Asset class
- Bonds
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Credit quality
- Investment grade
- Rate sensitivity
- Intermediate duration
Fund profile
As filed in the prospectus · 2025 Q2
The investment objective of the LVIP Macquarie Bond Fund (the Fund) is maximum current income (yield) consistent with a prudent investment strategy.
The fund is managed day-to-day by Macquarie Investment Management entities, which serve as sub-advisers to the primary adviser. The fund invests at least 80% of assets in domestic fixed-income securities, primarily investment-grade corporate bonds, U.S. government obligations, and mortgage-backed securities, with smaller allocations to high-yield bonds, foreign debt, and derivatives used for risk management. The portfolio maintains a minimum weighted average credit rating of A3/A-, ensuring overall investment-grade quality despite individual holdings that may carry higher risk. Because the fund may invest in below-investment-grade securities and foreign exposures, portfolio composition can diverge from a pure investment-grade domestic bond benchmark.
| Share class | Expense ratio |
|---|---|
| C000007720 | 0.37% |
| C000007721 | 0.72% |
Portfolio turnover 100.00% · as of 2025 Q2
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Bonds | 59.30% |
| Securitized | 52.38% |
| Cash & short-term | 3.75% |
| Stocks | 0.01% |
These positions come to 115.45% of the fund's net assets. This counts only what the fund reported holding — the holdings disclosure covers assets, not liabilities such as borrowings — so it is not expected to reconcile to 100%.
Sector allocation
The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2
| Securitized | 46.0% |
| Government | 25.6% |
| Other | 6.6% |
| Financials | 5.5% |
| 12 smaller | 16.4% |
Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).
Latest quarter
What changed since the fund's previous filing
Largest new: UMBS, TBA ×5, United States Treasury ×2, Government National Mortgage Association
Largest exited: UMBS, TBA ×5, United States Treasury, Government National Mortgage Association, Matchpoint Finance PLC
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
May 2026 and Jun 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
This fund changed legal form during the period shown. The history above is continuous — it spans both eras, and the change is not a gap in reporting.
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-06-30
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Fixed rate | 85.2% |
| Floating rate | 14.6% |
| Zero-coupon or unclassified | 0.2% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 1.1% |
| 1-3y | 13.4% |
| 3-5y | 9.5% |
| 5-10y | 18.6% |
| 10y+ | 57.4% |
These three overlap — one holding can be in arrears and paying in kind at once — so they are shown separately and never summed.
Risk profile
Interest-rate and credit-spread sensitivity, both in years · as of 2026Q2
Most of this fund’s sensitivity is to interest rates, with credit spreads carrying about half as much.
Where the loss would come from. The two shocks are the same size, so this is the balance of the fund's two sensitivities rather than a bet on one moving more.
| Interest rates | 72% |
| Credit spreads | 28% |
Filers report the impact of a 0.01% move only, so the total is our own scaling of that one number and overstates the loss on most bonds — read it as approximate, never as precise. The two sensitivities overlap rather than add up: they measure the same positions against different shocks, which is why the durations above are shown side by side and never summed.
Share of the fund's spread duration carried by each credit tier.
| Investment grade | +2.07 yr |
| High yield | +0.18 yr |
Share of duration at each point, shortest first. A positive figure loses value when spreads widen; a negative one offsets — a credit hedge.
| 3 mo | 0.02 yr | 0% |
| 1 yr | 0.60 yr | 10% |
| 5 yr | 1.61 yr | 28% |
| 10 yr | 2.32 yr | 40% |
| 30 yr | 1.23 yr | 21% |
| 3 mo | 0.01 yr | 1% |
| 1 yr | 0.34 yr | 15% |
| 5 yr | 0.87 yr | 39% |
| 10 yr | 0.76 yr | 34% |
| 30 yr | 0.26 yr | 12% |
The two bands measure the same positions against different shocks and do not add — a Treasury carries rate duration and no spread duration, a floating-rate credit the reverse. Rate tenors are also summed across every currency the fund discloses.
Show the numbers
| Tenor | Rate yrs | IG yrs | HY yrs | IG $/bp | HY $/bp |
|---|---|---|---|---|---|
| 3 mo | +0.02 | +0.01 | +0.00 | $8.4k | $1.0k |
| 1 yr | +0.60 | +0.31 | +0.03 | $202.6k | $16.8k |
| 5 yr | +1.61 | +0.79 | +0.08 | $512.0k | $49.9k |
| 10 yr | +2.32 | +0.71 | +0.05 | $458.1k | $33.7k |
| 30 yr | +1.23 | +0.24 | +0.02 | $153.0k | $14.0k |
Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Value | Shares |
|---|---|---|---|---|
| — | United States Treasury3.38% · due 2027-12-31 | 5.06% | $326.94M | — |
| — | United States Treasury4.00% · due 2033-01-31 | 4.76% | $307.25M | — |
| — | UMBS, TBA6.50% · due 2056-08-01 | 3.17% | $204.60M | — |
| — | United States Treasury4.63% · due 2055-11-15 | 3.14% | $202.69M | — |
| — | United States Treasury4.88% · due 2045-08-15 | 3.00% | $194.04M | — |
| — | United States Treasury1.75% · due 2029-01-31 | 2.94% | $189.69M | — |
| — | United States Treasury4.63% · due 2044-11-15 | 2.69% | $173.59M | — |
| — | UMBS, TBA6.00% · due 2056-08-01 | 2.63% | $170.17M | — |
| — | UMBS, TBA2.00% · due 2056-08-01 | 2.28% | $147.14M | — |
| — | United States Treasury2.38% · due 2049-11-15 | 2.23% | $144.33M | — |
Top 10 positions are 31.89% of net assets, top 25 46.54%, across 426 issuers.
See more of this fund's book
More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.
Sign in free