LVIP BlackRock Global Allocation V.I. Managed Risk Fund

C000124875 Fund Overview

LVIP BlackRock Global Allocation V.I. Managed Risk Fund is a US mutual fund managed by Lincoln Variable Insurance Products Trust, categorised as United States Large 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 Large Cap Blend / Core Equity
• Assets under management: $622.43M
• 1-year return: 14.9%
• SEC CIK: 0000914036
• SEC series ID: S000040167
• Share class ID: C000124875

C000124875 Investment Objective and Strategy

LVIP BlackRock Global Allocation V.I. Managed Risk 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 Global Allocation V.I. Managed Risk Fund (the “Fund”) is to seek capital appreciation.

Principal investment strategy

The Fund, under normal circumstances, pursues its investment objective by primarily investing in another mutual fund, the BlackRock Global Allocation V.I. Fund (the Underlying Fund), while seeking to stabilize the Funds overall portfolio volatility by employing an actively managed risk-management overlay. The Underlying Fund invests in a portfolio of equity, debt and money market securities. Generally, the Underlying Funds portfolio will include both equity and debt securities. Equity securities include common stock, preferred stock, securities convertible into common stock, rights and warrants, or securities or other instruments whose price is linked to the value of common stock. At any given time, however, the Underlying Fund may emphasize either debt securities or equity securities. In selecting equity investments, the Underlying Fund mainly seeks securities that the Underlying Fund management believes are undervalued.

The Underlying Fund may buy debt securities of varying maturities, debt securities paying a ?xed or ?uctuating rate of interest, and debt securities of any kind, including, by way of example, securities issued or guaranteed by the U.S. Government or its agencies or instrumentalities, by foreign governments or international agencies or supranational entities, or by domestic or foreign private issuers, debt securities convertible into equity securities, in?ation-indexed bonds, structured notes, credit-linked notes, loan assignments and loan participations. In addition, the Underlying Fund may invest up to 35% of its total assets in junk bonds, corporate loans and distressed securities. The Underlying Fund may also invest in real estate investment trusts (REITs) and securities related to real assets (like real estate- or precious metals-related securities) such as stock, bonds or convertible bonds issued by REITs or companies that mine precious metals.

When choosing investments, the Underlying Fund management considers various factors, including opportunities for equity or debt investments to increase in value, expected dividends and interest rates. The Underlying Fund generally seeks diversi?cation across markets, industries and issuers as one of its strategies to reduce volatility. The Underlying Fund has no geographic limits on where it may invest. This ?exibility allows the Underlying Fund management to look for investments in markets around the world, including emerging markets, that it believes will provide the best asset allocation to meet the Underlying Funds objective. The Underlying Fund may invest in the securities of companies of any market capitalization. Generally, the Underlying Fund may invest in the securities of corporate and governmental issuers located anywhere in the world.

The Underlying Fund may emphasize foreign securities when the Underlying Fund management expects these investments to outperform U.S. securities. When choosing investment markets, the Underlying Fund management considers various factors, including economic and political conditions, potential for economic growth and possible changes in currency exchange rates. In addition to investing in foreign securities, the Underlying Fund actively manages its exposure to foreign currencies through the use of forward currency contracts and other currency derivatives. The Underlying Fund may own foreign cash equivalents or foreign bank deposits as part of the Underlying Funds investment strategy. The Underlying Fund will also invest in non-U.S. currencies. The Underlying Fund may underweight or overweight a currency based on the Underlying Fund management teams outlook.

The Underlying Funds composite Reference Benchmark has at all times since the Underlying Funds formation included a 40% weighting in non-U.S. securities. The Reference Benchmark is an unmanaged weighted index comprised as follows: 36% of the S&P 500 Index; 24% FTSE World (ex U.S.) Index; 24% ICE BofAML Current 5-year U.S. Treasury Index; and 16% Citigroup Non-U.S. Dollar World Government Bond Index. Throughout its history, the Underlying Fund has maintained a weighting in non-U.S. securities, often exceeding the 40% Reference Benchmark weighting and rarely falling below this allocation. Under normal circumstances, the Underlying Fund will continue to allocate a substantial amount (approximately 40% or more unless market conditions are not deemed favorable by the Underlying Fund management, in which case the Underlying Fund would invest at least 30%) of its total assets in securities of (i) foreign government issuers, (ii) issuers organized or located outside the United States, (iii) issuers which primarily trade in a market located outside the United States, or (iv) issuers doing a substantial amount of business outside the United States, which the Underlying Fund considers to be companies that derive at least 50% of their revenue or pro?ts from business outside the United States, or have at least 50% of their sales or assets outside the United States.

The Underlying Fund will allocate its assets among various regions and countries, including the United States (but in no less than three different countries). For temporary defensive purposes, the Underlying Fund may deviate very substantially from the allocation described above. The Underlying Fund may use derivatives, including options, futures, indexed securities, inverse securities, swaps and forward contracts both to seek to increase the return of the Underlying Fund and to hedge (or protect) the value of its assets against adverse movements in currency exchange rates, interest rates and movements in the securities markets. The Underlying Fund may seek to provide exposure to the investment returns of real assets that trade in the commodity markets through investment in commodity-linked derivative instruments and investment vehicles such as exchange-traded funds that invest exclusively in commodities and are designed to provide this exposure without direct investment in physical commodities.

The Underlying Fund may also gain exposure to commodity markets by investing up to 25% of its total assets in BlackRock Cayman Global Allocation V.I. Fund I, Ltd. (the Subsidiary), a wholly-owned subsidiary of the Underlying Fund formed in the Cayman Islands, which invests primarily in commodity-related instruments. The Subsidiary may also hold cash and invest in other instruments, including fixed income securities, either as investments or to serve as margin or collateral for the Subsidiarys derivative positions. The Subsidiary (unlike the Underlying Fund) may invest without limitation in commodity-related instruments. Risk Management Strategy. The Funds adviser has retained Milliman Financial Risk Management LLC (Milliman or overlay manager) as sub-adviser to the Fund to implement the risk management strategy within the parameters stated below.

Although up to 20% of the Funds net assets may be used by Milliman to implement the risk management strategy, under normal market conditions it is expected that less than 10% of the Funds net assets will be used for the strategy. Milliman uses a proprietary volatility forecasting model to manage the assets allocated to this strategy. As part of the risk management strategy, Milliman will invest the portion of the Fund not invested in underlying funds in exchange-traded futures contracts, cash collateral to support these contracts and/or high-quality short-term money market investments. Milliman may also use interest rate futures as part of the risk management strategy. The risk management strategy consists of using hedging instruments (short or long positions in exchange-traded futures contracts) to stabilize the Funds overall portfolio volatility and reduce the downside exposure of the Fund during significant market downturns.

Volatility in this context is a statistical measurement of the frequency and level of changes in the Funds returns without regard to the direction of those changes. Volatility may result from rapid and dramatic price swings of securities held directly or indirectly by the Fund. Milliman uses a proprietary model to monitor and forecast volatility and will adjust the level of exchange-traded futures contracts on that basis. Futures contracts can be purchased or sold by the Fund for less than their contract value, allowing an efficient use of Fund assets for the risk management strategy. The risk management strategy is separate and distinct from any riders or features of your insurance contract. Milliman selects individual futures contracts on indices of domestic and foreign markets that it believes are highly correlated to the Funds investment exposure.

Milliman will primarily buy or sell (short) futures contracts on these indices to decrease the Funds aggregate economic exposure (from both underlying funds and exchange-traded futures) based upon Millimans evaluation of market volatility and downside market risk. Short futures contracts increase in value as domestic and/or foreign markets decline. Milliman will seek to hedge currency risks involved in the foreign futures contracts primarily through the use of exchange-traded currency futures contracts. Interest rate futures may also be used in an effort to control the volatility of the Funds returns and to synthetically earn a yield premium on the Funds cash holdings. Even in periods of low volatility in the markets, Milliman will continue to use the hedging techniques designed to preserve gains in favorable market conditions and reduce losses in adverse market conditions.

The Funds investment in exchange-traded futures and their resulting costs could limit the upside participation of the Fund in strong, appreciating markets relative to unhedged funds. In situations of extreme market volatility, the short positions held in exchange-traded futures could potentially reduce the Funds net economic exposure to domestic and foreign securities to a substantial degree.

C000124875 Holdings

Top 7 holdings of LVIP BlackRock Global Allocation V.I. Managed Risk Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.

View all C000124875 holdings

C000124875 Portfolio Allocation

Asset-class allocation of LVIP BlackRock Global Allocation V.I. Managed Risk Fund by percentage of net assets, from the latest SEC N-PORT filing.

C000124875 Performance

Total returns for C000124875 (as of 2026-10-01), from SEC filings.

C000124875 Risk Information

Risk metrics for C000124875, derived from monthly returns in SEC filings.

• 1-year volatility (annualised): 10.6%

C000124875 Costs and Fees

C000124875 costs about $119 per $10,000 invested per year in fund expenses.

• Net expense ratio: 1.19%
• Gross expense ratio: 1.27%
• Portfolio turnover: 4%
• Brokerage commissions: 0.04 bps of average net assets (SEC N-CEN)

C000124875 Cashflows

Over the 12 months to 2026-06, LVIP BlackRock Global Allocation V.I. Managed Risk Fund had net outflows of $68.25M, from monthly SEC N-PORT filings.

C000124875 Debt Constituents

No individual debt constituents are reported in LVIP BlackRock Global Allocation V.I. Managed Risk Fund's latest SEC N-PORT filing.

C000124875 Prospectus and SEC Filings

Official LVIP BlackRock Global Allocation V.I. Managed Risk 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 Blend / Core Equity funds tracked on ABC INVEST:

• Vanguard Total Stock Market Index Fund (VTSMX)
• Vanguard 500 Index Fund (VFINX)
• iShares Core S&P 500 ETF (IVV)
• Fidelity 500 Index Fund (FXAIX)
• Vanguard Institutional Index Fund (VINIX)

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.