LVIP Dimensional U.S. Equity Managed Volatility Fund
Data updated: 2026-08-06
C000099223 — LVIP Dimensional U.S. Equity Managed Volatility Fund. Holdings, fees, performance and SEC filings.
C000099223 Fund Overview
LVIP Dimensional U.S. Equity Managed Volatility Fund is a US mutual fund managed by Lincoln Variable Insurance Products Trust, categorised as United States Multi-Cap / All-Cap Blend / Core 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 Multi-Cap / All-Cap Blend / Core Equity
- Assets under management: $892.12M
- 1-year return: 22.9%
- SEC CIK: 0000914036
- SEC series ID: S000031867
- Share class ID: C000099223
C000099223 Investment Objective and Strategy
LVIP Dimensional U.S. Equity 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 Dimensional U.S. Equity Managed Volatility (the “Fund”) is to seek long-term capital appreciation.
Principal investment strategy
The Fund operates under a fund of funds structure. The Fund pursues its investment objective by primarily investing in other mutual funds (the underlying funds), while seeking to control the level of portfolio volatility by employing an actively managed risk management overlay. The underlying funds may include funds affiliated with the adviser. U.S. Equity Strategy. Under normal circumstances, the Fund, through the underlying funds, invests at least 80% of its assets in a portfolio of investments that provide exposure to equity securities that are tied economically to the U.S. The underlying funds also may use derivatives, such as futures contracts and options on futures contracts for U.S. equity securities, including income producing and non-income producing stocks, and indices, to gain market exposure on their uninvested cash pending investment in securities or to maintain liquidity to pay redemptions.
Certain underlying funds may lend their portfolio securities to generate additional income. Certain underlying funds purchase a broad and diverse group of securities of U.S. companies with a greater emphasis on small-capitalization and value companies as compared to their representation in the U.S. Universe. The U.S. Universe is generally defined as a free float adjusted market capitalization weighted portfolio of U.S. operating companies listed on the New York Stock Exchange, NYSE MKT LLC, or Nasdaq Global Market or such other securities exchanges deemed appropriate by an underlying funds investment adviser. Certain underlying funds generally invest in the stocks that comprise the S&P 500 Index in approximately the proportions they are represented in the S&P 500 Index. Under normal circumstances, substantially all of certain underlying funds net assets will be invested in the stocks that comprise the S&P 500 Index.
On at least an annual basis, the adviser will reassess and may make revisions in the Funds asset allocation strategy consistent with the Funds investment strategy and objective, including revising the weightings among the investments described above and adding underlying funds to or removing underlying funds from the asset allocation strategy. The adviser will also periodically rebalance the weightings in the underlying funds held by the Fund to the current asset allocation strategy. In general, the adviser does not anticipate making frequent changes in the asset allocation strategy and will not attempt to time the market. The Fund intends to allocate to underlying funds, including, but not limited to the LVIP Dimensional U.S. Core 2 Equity Fund (in an amount initially expected to be 60% of the portion of the Funds assets not subject to the overlay) and the Dimensional U.S.
Large Company Portfolio (in an amount initially expected to be 40% of the portion of the Funds assets not subject to the overlay). The allocation to these underlying funds may 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.
C000099223 Holdings
Top 4 holdings of LVIP Dimensional U.S. Equity Managed Volatility Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| LVIP Dimensional U.S. Core Equity 2 Fund | 58.40% |
| DFA US Large Company Portfolio | 38.23% |
| State Street Institutional US Government Money Market Fund | 3.15% |
| Chicago Mercantile Exchange | 0.12% |
C000099223 Portfolio Allocation
Asset-class allocation of LVIP Dimensional U.S. Equity Managed Volatility Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 96.6% |
| Cash & Equivalents | 3.2% |
| Derivatives | 0.1% |
C000099223 Performance
Total returns for C000099223 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 11.3% |
| 1 year | 22.9% |
| 3 years (annualised) | 16.3% |
| 5 years (annualised) | 10.6% |
C000099223 Risk Information
Risk metrics for C000099223, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 11.7%
C000099223 Costs and Fees
C000099223 costs about $86 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.86%
- Gross expense ratio: 0.87%
- Portfolio turnover: 4%
- Brokerage commissions: 0.13 bps of average net assets (SEC N-CEN)
C000099223 Cashflows
Over the 12 months to 2026-06, LVIP Dimensional U.S. Equity Managed Volatility Fund had net outflows of $100.75M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$27.80M |
| 2026-05 | −$22.26M |
| 2026-04 | −$11.84M |
| 2026-03 | −$9.03M |
| 2026-02 | −$8.49M |
| 2026-01 | −$12.05M |
C000099223 Debt Constituents
No individual debt constituents are reported in LVIP Dimensional U.S. Equity Managed Volatility Fund's latest SEC N-PORT filing.
C000099223 Prospectus and SEC Filings
Official LVIP Dimensional U.S. Equity 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 Multi-Cap / All-Cap Blend / Core Equity 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.