LVIP BlackRock Dividend Value Managed Volatility Fund

C000007727 Fund Overview

LVIP BlackRock Dividend Value Managed Volatility Fund is a US mutual fund managed by Lincoln Variable Insurance Products Trust, categorised as United States Large Cap Value Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US mutual fund
• Manager: Lincoln Variable Insurance Products Trust
• Category: United States Large Cap Value Equity
• Assets under management: $2.01B
• 1-year return: 23.7%
• SEC CIK: 0000914036
• SEC series ID: S000002815
• Share class ID: C000007727

C000007727 Investment Objective and Strategy

LVIP BlackRock Dividend Value Managed Volatility Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Lincoln Variable Insurance Products Trust.

Investment objective

The investment objective of the LVIP BlackRock Dividend Value Managed Volatility Fund (the “Fund”) is to seek reasonable income by investing primarily in income-producing equity securities.

Principal investment strategy

The Fund, under normal circumstances, seeks to achieve its objective by investing primarily in a diversified portfolio of equity securities. The Fund will generally employ a value-oriented analysis and, under normal circumstances, will invest at least 80% of its net assets in large capitalization, dividend paying, equity securities. The Fund may invest in securities of companies with any market capitalization, but generally focuses on large-cap securities. The Fund also may invest in convertible securities and non-convertible preferred stock. Equity securities include common stock (both growth and value stocks), preferred stock, or securities convertible into common stock. The Fund may invest up to 25% of the Funds assets in securities of foreign issuers. The Fund may invest in securities from any country, including emerging markets.

The Fund may invest in securities denominated in both U.S. dollars and non-U.S. dollar currencies. Lincoln Investment Advisors Corporation (adviser) serves as the investment adviser to the Fund. The adviser has selected BlackRock Investment Management LLC (BlackRock) to serve as the Funds sub-adviser. The sub-adviser is responsible for the day-to-day management of the Funds assets that the adviser allocates to each investment strategy. The adviser may change the allocation at any time, in its sole discretion, and the percentage of the Funds assets allocated to each strategy may change over time. For the equity dividend strategy, BlackRock selects investments that it believes will both increase in value over the long term and provide current income, focusing on investments that will do both, instead of those that will favor current income over capital appreciation.

For the select dividend strategy, BlackRock uses a quantitative, index-oriented approach to replicate the securities included in the Dow Jones U.S. Select Dividend Index (the Underlying Index), which measures the performance of a selected group of equity securities issued by companies that have provided relatively high dividend yields on a consistent basis over time. The adviser intends to allocate approximately 75% of the portion of the Funds assets not subject to the overlay to the equity dividend strategy and approximately 25% of the portion of the Funds assets not subject to the overlay to the select dividend strategy. Such allocations are subject to change at the discretion of the adviser. Managed Volatility Strategy. The Funds Adviser has retained SSGA Funds Management, Inc. (SSGA FM or overlay manager) as sub-adviser to the Fund to implement the managed volatility strategy within the parameters stated below.

This managed volatility strategy consists of selling (short) positions in exchange-traded futures contracts to manage overall portfolio volatility and seek to reduce the impact on the Funds portfolio of significant market downturns during periods of high volatility. SSGA FM, as identified by the adviser, buys or sells (shorts) individual futures contracts on equity indices of domestic and foreign markets that it believes are highly correlated to the Funds equity exposure. Although up to 20% of the Funds net assets may be used by SSGA FM to implement the managed volatility strategy, under normal market conditions it is expected that less than 10% of the Funds net assets will be used for the strategy. SSGA FM uses a proprietary volatility forecasting model to manage the assets allocated to this strategy.

The managed volatility strategy is separate and distinct from any riders or features of your insurance contract. A futures contract is an agreement between two parties to buy or sell a financial instrument for a set price on a future date. A short position would represent a contractual obligation to sell an equity index at a future date at a particular price. In contrast, a long position would represent a contractual obligation to buy an equity index at a future date at a particular price. A short position is generally used to protect against the possible decline in value of financial instruments. SSGA FM will regularly adjust the level of exchange-traded futures contracts to seek to manage the Funds overall net risk level, i.e., volatility. Volatility is a statistical measure of the dispersion of the Funds investment returns.

SSGA FMs investment in exchange-traded futures and their resulting costs could limit the upside participation of the Fund in strong appreciating markets relative to un-hedged funds. In situations of extreme market volatility, the exchange-traded futures could potentially reduce the Funds net economic exposure to equity securities to a substantial degree. The amount of exchange-traded futures may fluctuate frequently based upon market conditions. SSGA FM may take a long position in futures for the purpose of providing an equity exposure generally comparable to the holdings of cash. This allows the Fund to be fully invested in the market by turning cash into an equity position while still maintaining the liquidity provided by the cash. The Investment Company Act of 1940 (the 1940 Act) and the rules and interpretations under the 1940 Act impose certain limitations on the Funds ability to use leverage.

C000007727 Holdings

Top 10 holdings of LVIP BlackRock Dividend Value Managed Volatility Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.

View all C000007727 holdings

C000007727 Portfolio Allocation

Asset-class allocation of LVIP BlackRock Dividend Value Managed Volatility Fund by percentage of net assets, from the latest SEC N-PORT filing.

C000007727 Performance

Total returns for C000007727 (as of 2026-10-01), from SEC filings.

C000007727 Risk Information

Risk metrics for C000007727, derived from monthly returns in SEC filings.

• 1-year volatility (annualised): 10.7%

C000007727 Costs and Fees

C000007727 costs about $90 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.90%
• Gross expense ratio: 1.05%
• Portfolio turnover: 41%
• Brokerage commissions: 3.42 bps of average net assets (SEC N-CEN)

C000007727 Cashflows

Over the 12 months to 2026-06, LVIP BlackRock Dividend Value Managed Volatility Fund had net inflows of $23.44M, from monthly SEC N-PORT filings.

C000007727 Debt Constituents

No individual debt constituents are reported in LVIP BlackRock Dividend Value Managed Volatility Fund's latest SEC N-PORT filing.

C000007727 Prospectus and SEC Filings

Official LVIP BlackRock Dividend Value Managed Volatility Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2025-04-30
• Prospectus (485BPOS) — filed 2024-04-29
• Prospectus (485BPOS) — filed 2023-04-28
• Portfolio holdings (N-PORT) — filed 2026-08-06
• Portfolio holdings (N-PORT) — filed 2026-05-18
• Portfolio holdings (N-PORT) — filed 2026-02-06
• Annual census (N-CEN) — filed 2026-03-06
• Annual census (N-CEN) — filed 2025-03-07

Related Funds

Other United States Large Cap Value Equity funds tracked on ABC INVEST:

• Vanguard Value Index Fund (VIVAX)
• Washington Mutual Investors Fund (AWSHX)
• Investment CO Of America (AIVSX)
• American Mutual Fund (AMRMX)
• Vanguard High Dividend Yield Index Fund (VYM)

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.