LVIP MFS Value Fund
Actively managed U.S. stock fund
As of its 2026 Q2 report, LVIP MFS Value Fund held 72 positions with $2.27B in net assets. Its ten largest holdings made up 31.3% of the fund. Its share classes cost 0.61%–0.86% a year. Over the 12 months to May 2026, it returned 13.2%, with dividends reinvested. In 2026 Q2 it added 6 new positions and exited 7.
The investment objective of the LVIP MFS Value Fund (the Fund) is to seek capital appreciation.
The fund is managed on a day-to-day basis by Massachusetts Financial Services Company and invests at least 80% of assets in common stocks of companies believed to be undervalued relative to their earnings, dividends, assets, or other financial measures, with a focus on large-capitalization U.S. companies and up to 25% in foreign equities. Security selection relies on fundamental analysis of individual issuers' financial condition, competitive position, and management ability, supplemented by quantitative screening of valuation, momentum, and earnings quality. The sub-adviser may concentrate a significant percentage of assets in a single industry or sector.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
AMZNAmazon.com Inc | 5.38% | $122.32M | 513.2K | $238.34 |
4.06% | $92.35M | 282.1K | $327.33 | |
MSFTMicrosoft Corp | 3.53% | $80.28M | 215.2K | $373.02 |
KLACKLA Corp | 3.27% | $74.30M | 246.3K | $301.71 |
AAPLApple Inc | 3.14% | $71.51M | 247.1K | $289.36 |
2.66% | $60.54M | 238.4K | $253.97 | |
2.55% | $57.92M | 210.1K | $275.68 | |
2.23% | $50.78M | 242.9K | $209.04 | |
2.23% | $50.77M | 127.8K | $397.17 | |
RTXRTX Corp | 2.21% | $50.32M | 265.2K | $189.73 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.
All 72 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%.
| Stocks | 99.16% |
| Bonds | 0.81% |
| Cash & short-term | 0.00% |
By sector
- Financials
- 23.3%
- Information Technology
- 15.6%
- Industrials
- 14.5%
- Health Care
- 12.7%
- 10 other sectors
- 33.8%
- Financials
- 23.3%
- Information Technology
- 15.6%
- Industrials
- 14.5%
- Health Care
- 12.7%
- Consumer Discretionary
- 8.5%
- Utilities
- 7.9%
- Energy
- 5.5%
- International
- 5.0%
- Consumer Staples
- 2.8%
- Real Estate
- 1.5%
- Materials
- 0.9%
- Communication Services
- 0.8%
- Government
- 0.8%
- Cash
- 0.0%
How it has done
C000043857 share class · total returns with dividends reinvested
Volatility over the last 12 months: 9.63%. 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 MFS Value Fund is an actively managed U.S. equity fund. 6% of LVIP MFS Value Fund’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 90% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Expense ratio, by class
- 0.61% – 0.86%
- Portfolio turnover
- 12.00% a year · as of 2025 Q2
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
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.
6 new
7 exited
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.
| Zero-coupon or unclassified | 100.0% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 100.0% |
Based on what filers reported; a filer that never reported a flag also reads as none.
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