LVIP MFS Value Fund

LINCOLN VARIABLE INSURANCE PRODUCTS TRUST

Actively managed U.S. equity fund
$2.27B NAV
72 positions · as of 2026-06-30 · filed 2026-08-06

Fund classification

Classified from what the fund holds · as of 2026 Q2

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

Fund profile

As filed in the prospectus · 2025 Q2

The investment objective of the LVIP MFS Value Fund (the Fund) is to seek capital appreciation.

Strategy · summarised

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.

Expenses
0.61% 0.86%across 2 share classes
Share classGrossNet
C0000438570.65%0.61%
C0000438580.90%0.86%

Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.

Portfolio turnover 12.00% · as of 2025 Q2

Allocation

Asset groups · long / short shown separately, never netted · 2026 Q2

99.97%
of net assets
Stocks99.16%
Bonds0.81%
Cash & short-term0.00%

Sector allocation

The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2

100%
of net assets
Financials23.3%
Information Technology15.6%
Industrials14.5%
Health Care12.7%
10 smaller33.8%

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).

Portfolio growth profile

How much of the fund’s stock holdings are in fast-growing companies · as of 2026 Q2

Revenue growth
6%of stock holdings in top-quartile growers
covering 90% of the fund’s equity
Earnings growth
14%of stock holdings in top-quartile growers
covering 87% of the fund’s equity

Share of the fund’s equity (by value) in companies whose trailing five-year revenue — or net-income — growth ranks in the top 25% of U.S. public companies. Foreign and newly-listed holdings are excluded, so the figure covers only part of the book. From SEC filings — not investment advice. How we measure this.

Latest quarter

What changed since the fund's previous filing

2026Q2 vs 2026Q1: 6 new7 exited

New: AMZN, AAPL, HONA, GOOGL, FREDDIE MAC DISCOUNT NT, Seagate Technology Holdings PLC

Exited: FREDDIE MAC DISCOUNT NT, LPLA, Nestle SA, SHW, OTIS, PSA, Diageo PLC

Return profile

Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026

1-year
+18.28%
3-year
+44.03%
5-year
+50.01%
Volatility
9.51%
Worst 3-yr fall
-7.46%
Cumulative return· Jul 2023 – 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

Avg coupon
0.00%
Avg maturity
0.00 yr
Coupon type

Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.

0%
floating
Zero-coupon or unclassified100.0%
Maturity ladder

Share of the fund's debt value in each maturity band, shortest first.

<1y
<1y100.0%
Flagged holdings
Defaulted: none reported
In arrears: none reported
Paid in kind: none reported

Based on what filers reported; a filer that never reported a flag also reads as none.

Holdings

By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page

Issuer%NAVValue
Amazon.com IncAMZN5.38%$122.32M
JPMorgan Chase & CoJPM4.06%$92.35M
Microsoft CorpMSFT3.53%$80.28M
KLA CorpKLAC3.27%$74.30M
Apple IncAAPL3.14%$71.51M
Johnson & JohnsonJNJ2.66%$60.54M
The Cigna GroupCI2.55%$57.92M
Morgan StanleyMS2.23%$50.78M
Analog Devices IncADI2.23%$50.77M
RTX CorpRTX2.21%$50.32M
Showing 10 of 72Sign in to see more

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.

Top 10 positions are 31.26% of net assets, top 25 57.59%, across 72 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.

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