LVIP JPMorgan Core Bond Fund
Actively managed U.S. bond fund
As of its 2026 Q2 report, LVIP JPMorgan Core Bond Fund held 3,053 positions with $3.77B in net assets. Its ten largest holdings made up 16.8% of the fund. Its share classes cost 0.47%–0.72% a year. Over the 12 months to May 2026, it returned 4.8%, with dividends reinvested. In 2026 Q2 it added 62 new positions and exited 116.
The investment objective of the LVIP JPMorgan Core Bond Fund (the Fund) is to seek to maximize total return by investing primarily in a diversified portfolio of intermediate- and long-term debt securities.
The fund is managed day-to-day by J.P. Morgan Investment Management as sub-adviser, which selects investment-grade intermediate- and long-term debt securities across corporate bonds, U.S. Treasuries, mortgage-backed securities, and asset-backed securities, applying a value-oriented approach that evaluates interest rate risk, credit risk, duration, and liquidity. The fund ordinarily maintains an average weighted maturity between four and 12 years and invests at least 80% of net assets in bonds. Because performance of mortgage-backed and asset-backed securities depends on prepayment assumptions, the fund's actual weighted average life may diverge from stated maturity targets.
What you own
| Company | Weight | Value | Shares |
|---|---|---|---|
United States Treasury 2.75% · due 2029-05-31 | 2.90% | $109.42M | — |
United States Treasury 0.88% · due 2030-11-15 | 2.48% | $93.44M | — |
GVMXXState Street Global Advisors | 1.94% | $73.25M | — |
United States Treasury 4.00% · due 2032-07-31 | 1.54% | $58.15M | — |
United States Treasury 4.38% · due 2032-01-31 | 1.41% | $52.99M | — |
United States Treasury 0.00% · due 2040-02-15 | 1.38% | $51.80M | — |
United States Treasury 4.63% · due 2055-11-15 | 1.29% | $48.72M | — |
United States Treasury 3.00% · due 2052-08-15 | 1.28% | $48.21M | — |
United States Treasury 1.38% · due 2031-11-15 | 1.28% | $48.16M | — |
United States Treasury 4.25% · due 2028-01-15 | 1.27% | $48.02M | — |
The 200 largest of 3,053 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Bonds | 58.56% |
| Securitized | 39.25% |
| Cash & short-term | 1.94% |
| Derivatives | 0.03% |
Derivatives are shown at market value, not notional exposure.
By sector
- Securitized
- 39.3%
- Government
- 34.5%
- International
- 6.5%
- Financials
- 4.8%
- 12 other sectors
- 14.9%
- Securitized
- 39.3%
- Government
- 34.5%
- International
- 6.5%
- Financials
- 4.8%
- Other
- 4.8%
- Utilities
- 2.2%
- Cash
- 1.9%
- Health Care
- 1.2%
- Communication Services
- 1.2%
- Information Technology
- 1.1%
- Industrials
- 0.8%
- Energy
- 0.8%
- Consumer Staples
- 0.3%
- Real Estate
- 0.3%
- Consumer Discretionary
- 0.2%
- Materials
- 0.2%
How it has done
C000241300 share class · total returns with dividends reinvested
Volatility over the last 12 months: 3.56%. Past returns are a record, not a forecast.
Jun 2026 has been filed since the trailing figures were struck, so it is 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.
Fees & fund details
LVIP JPMorgan 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
- Expense ratio, by class
- 0.47% – 0.72%
- Portfolio turnover
- 19.00% a year · as of 2025 Q2
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
62 new· the largest 2
116 exited· the largest 2
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 | 89.4% |
| Floating rate | 6.4% |
| Zero-coupon or unclassified | 4.2% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 1.3% |
| 1-3y | 11.1% |
| 3-5y | 14.2% |
| 5-10y | 25.9% |
| 10y+ | 47.5% |
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 a small fraction 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 | 75% |
| Credit spreads | 25% |
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 | +1.88 yr |
| High yield | +0.13 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 | 0.01 yr | 0% |
| 1 yr | 0.61 yr | 10% |
| 5 yr | 1.70 yr | 28% |
| 10 yr | 2.41 yr | 40% |
| 30 yr | 1.30 yr | 22% |
| 3 mo | 0.01 yr | 0% |
| 1 yr | 0.20 yr | 10% |
| 5 yr | 0.63 yr | 31% |
| 10 yr | 0.81 yr | 40% |
| 30 yr | 0.37 yr | 18% |
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 | +0.01 | +0.01 | +0.00 | $3.4k | $252 |
| 1 yr | +0.61 | +0.18 | +0.01 | $69.0k | $5.5k |
| 5 yr | +1.70 | +0.59 | +0.04 | $221.8k | $16.0k |
| 10 yr | +2.41 | +0.76 | +0.05 | $286.3k | $19.0k |
| 30 yr | +1.30 | +0.34 | +0.03 | $129.1k | $9.5k |
Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.
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