LVIP T. Rowe Price 2010 Fund

Data updated: 2022-05-26

C000046812 — LVIP T. Rowe Price 2010 Fund. Target Date / Glide Path Allocation · $25.18M AUM. Holdings, fees, performance and SEC filings.

C000046812 Fund Overview

LVIP T. Rowe Price 2010 Fund is a US mutual fund managed by Lincoln Variable Insurance Products Trust, categorised as Target Date / Glide Path Allocation. 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: Target Date / Glide Path Allocation
Assets under management: $25.18M
1-year return: 1.2%
SEC CIK: 0000914036
SEC series ID: S000016762
Share class ID: C000046812

C000046812 Investment Objective and Strategy

LVIP T. Rowe Price 2010 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 T. Rowe Price 2010 Fund (the “Fund”) is to seek the highest total return over time consistent with an emphasis on both capital growth and income.

Principal investment strategy

Target Date Strategy. The Fund is managed based on the specific retirement year (target date 2010) included in its name and assumes a retirement age of 65. The target date refers to the approximate year an investor in the Fund would plan to retire and likely stop making new investments in the Fund. The Fund is designed for an investor who retires at or about the target date and who plans to withdraw the value of the account in the Fund gradually after retirement. The Fund is designed for an investor who plans to retire at approximately 65 years of age. If an investor retires significantly earlier or later than age 65, the Fund may not be an appropriate investment even if the investor retires on or near the Funds target date. The Fund operates under a fund of funds structure. The Fund, under normal circumstances, will use underlying funds (Underlying Funds), including exchange-traded funds, to invest in a broad mix of equity and fixed income securities.

Over time, the allocation to asset classes and funds will change according to a predetermined glide path shown in the following chart. The glide path represents the shifting of asset classes over time and shows how the Funds asset mix becomes more conservative, both prior to and after retirement, as time elapses. This reflects the need for reduced market risks as retirement approaches and the need for lower portfolio volatility after retiring. Daily cash flows investments and as-needed rebalancing trades will be used to conform the Funds portfolio to its glide path. Although the glide path is meant to dampen the Funds potential volatility as retirement approaches, the Fund is not designed for a lump sum redemption at the retirement date. The Fund pursues an asset allocation strategy that promotes asset accumulation prior to retirement, but it is intended to also serve as a post-retirement investment vehicle with allocations designed to support an income stream made up of regular withdrawals throughout retirement along with some portfolio growth that exceeds inflation.

After the target date, the Fund is designed to balance longevity and inflation risks along with the need for some income, although it does not guarantee a particular level of income. At the target date, the Funds allocation to stocks was approximately 55% of its assets. The Funds exposure to stocks will continue to decline until approximately 20 years after its target date, when its allocation to stocks will remain fixed at approximately 31% of its assets and the remainder will be invested in bonds. There are no maturity restrictions within the Funds overall allocation to bonds, although the bond funds in which the Fund invests may impose specific limits on maturity or credit quality. The allocations shown in the glide path are referred to as neutral allocations because they do not reflect any tactical decisions made by the sub-adviser to overweight or underweight a particular asset class or sector based on its market outlook.

The target allocations assigned to the broad asset classes (Stocks and Bonds), which reflect these tactical decisions resulting from market outlook, are not expected to vary from the neutral allocations set forth in the glide path by more than five percentage (5%) points. When deciding upon allocations within these prescribed limits, the sub-adviser may favor fixed income securities if the economy is expected to slow sufficiently to hurt corporate profits. The opposite may be true when strong economic growth is expected. When adjusting exposure among the individual Underlying Funds, the sub-adviser will consider relative values and prospects among growth- and value-oriented stocks, domestic and international stocks, and small-, mid-, and large-cap stocks, as well as the outlook for inflation.

The sub-adviser also considers the capacity of an Underlying Fund to absorb additional cash flow. In addition, the sub-adviser may make investments in the T. Rowe Price U.S. Treasury Money Fund to help manage cash flows into and out of the Fund and invest new purchases in accordance with the Funds target allocations, as well as for tactical allocations to money market securities. Certain investment restrictions, such as a required minimum or maximum investment by an Underlying Fund in a particular type of security or currency, are measured at the time the Fund purchases a security or currency. The status, market value, maturity, credit quality, or other characteristics of an Underlying Funds securities or currencies may change after they are purchased, and this may cause the amount of the Funds assets invested in such securities or currencies to exceed the stated maximum restriction or fall below the stated minimum restriction.

If any of these changes occur, it would not be considered a violation of the investment restriction and will not require the sale of an investment if it was proper at the time the investment was made (this exception does not apply to the Funds borrowing policy or liquidity policy). However, purchases by the Fund during the time it is above or below the stated percentage restriction would be made in compliance with applicable restrictions. The subadviser may sell securities for a variety of reasons, such as to effect a change in asset allocation, secure a gain, limit a loss, or redeploy assets into more promising opportunities. The Fund seeks to offer a professionally managed investment program designed to simplify the accumulation of assets prior to retirement and the management of those assets after retirement.

The Fund establishes asset allocations that are designed to be broadly appropriate to investors at specific stages of their retirement planning, and then the Fund alters the asset mix over time to meet increasingly conservative investment needs. After the Fund reaches the stated retirement year indicated in its name, the Fund will continue to roll down to a more conservative allocation designed to place greater emphasis on income and reduce investors overall risks. About 20 years after its stated retirement year, the Fund will maintain approximately a 31% allocation to stocks. For retirement funds that are farthest from their stated retirement dates, allocations to stocks are relatively high so that investors may benefit from their long-term growth potential, while allocations to fixed income securities are relatively low.

This approach is designed to help investors accumulate the assets needed during their retirement years. As time elapses and an investors assumed retirement date approaches, a retirement funds allocations to stocks will decrease in favor of fixed income securities. After reaching its stated retirement date, the retirement funds allocations to stocks will continue decreasing over time in an effort to focus more on higher income and lower risk, which are generally more important to investors managing their assets after they retire. After the stated target date, the retirement funds emphasize reducing inflation and longevity risks to support a lifetime withdrawal horizon while still maintaining adequate fixed income allocation to help offset market risk. The Funds portfolio is regularly rebalanced to ensure that it stays true to its glide path.

Before investing in the Fund, you should consider your estimated retirement date and risk tolerance. The Funds investment program assumes a retirement age of 65. It is expected that the investor will choose a retirement fund whose stated retirement date is closest to the date the investor turns 65. Choosing a retirement fund targeting an earlier date represents a more conservative choice; targeting a retirement fund with a later date represents a more aggressive choice. It is important to note that the retirement year of the retirement fund you select should not necessarily represent the specific year you intend to start drawing retirement assets. It should be a guide only. This prospectus describes the specific investment program for only this particular retirement fund.

C000046812 Performance

Total returns for C000046812 (as of 2026-10-01), from SEC filings.

Period	Total return
1 year	1.2%
3 years (annualised)	7.0%

C000046812 Risk Information

Risk metrics for C000046812, derived from monthly returns in SEC filings.

1-year volatility (annualised): 6.5%

C000046812 Costs and Fees

C000046812 costs about $94 per $10,000 invested per year in fund expenses.

Net expense ratio: 0.94%
Gross expense ratio: 1.18%
Portfolio turnover: 8%
Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)

C000046812 Cashflows

Over the 12 months to 2022-03, LVIP T. Rowe Price 2010 Fund had net outflows of $1.66M, from monthly SEC N-PORT filings.

Month	Net flow
2022-03	−$1.39M
2022-02	$9.24K
2022-01	−$272.72K
2021-12	$677.62K
2021-11	$191.93K
2021-10	$189.67K

C000046812 Debt Constituents

No individual debt constituents are reported in LVIP T. Rowe Price 2010 Fund's latest SEC N-PORT filing.

C000046812 Prospectus and SEC Filings

Official LVIP T. Rowe Price 2010 Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

Related Funds

Other Target Date / Glide Path Allocation funds tracked on ABC INVEST:

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.