LVIP SSGA SMID Cap Managed Volatility Fund
Data updated: 2026-08-06
C000124882 — LVIP SSGA SMID Cap Managed Volatility Fund. United States Multi-Cap / All-Cap Blend / Core Equity. Holdings, fees, performance and SEC filings.
C000124882 Fund Overview
LVIP SSGA SMID Cap 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: $604.13M
- 1-year return: 36.1%
- SEC CIK: 0000914036
- SEC series ID: S000040171
- Share class ID: C000124882
C000124882 Investment Objective and Strategy
LVIP SSGA SMID Cap 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 SSGA SMID Cap Managed Volatility Fund (the “Fund”) is to seek 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. SMID Cap 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 small and medium capitalization U.S. companies. Small and medium capitalization companies are defined as those U.S. companies whose market capitalization (ranked in accordance with the Russell 2500 TM Index) is: (i) less than the 500 th U.S. company as ranked by market capitalization, and (ii) greater than or equal to the 2500 th U.S.
company as ranked by market capitalization. The underlying funds also may invest in stock index futures as a substitute for a comparable market position in the securities included in their benchmark index. Certain underlying funds seek to approximate as closely as practicable, before fees and expenses, the performance of a broad market index which emphasizes stocks of small or mid-sized U.S. companies. Certain underlying funds invest primarily, under normal circumstances, in equities of mid-sized U.S. companies. Such underlying funds seek to replicate a mid-cap index; however, if it is not practical under the circumstances, the underlying funds may not invest in every security in the mid-cap index. The adviser will 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 SSGA Small-Cap Index Fund (in an amount initially expected to be 80% of the portion of the Funds assets not subject to the overlay) and the LVIP SSGA Mid-Cap Index Fund (in an amount initially expected to be 20% 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. * Russell Investment Group is the source and owner of the trademarks, service marks and copyrights related to the Russell Indexes. Russell 2000 and Russell 3000 are trademarks of Russell Investment Group. Managed Volatility Strategy.
The Fund's 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 Fund's 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 Fund's equity exposure. Although up to 20% of the Fund's 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 Fund's 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."
C000124882 Holdings
Top 4 holdings of LVIP SSGA SMID Cap Managed Volatility Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| LVIP State Street Small-Cap Index Fund | 78.40% |
| LVIP State Street Mid-Cap Index Fund | 19.32% |
| State Street Institutional US Government Money Market Fund | 2.12% |
| Chicago Mercantile Exchange | 0.14% |
C000124882 Portfolio Allocation
Asset-class allocation of LVIP SSGA SMID Cap Managed Volatility Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 97.7% |
| Cash & Equivalents | 2.1% |
| Derivatives | 0.1% |
C000124882 Performance
Total returns for C000124882 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 21.1% |
| 1 year | 36.1% |
| 3 years (annualised) | 14.2% |
| 5 years (annualised) | 5.1% |
C000124882 Risk Information
Risk metrics for C000124882, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 13.8%
C000124882 Costs and Fees
C000124882 costs about $86 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.86%
- Gross expense ratio: 0.91%
- Portfolio turnover: 7%
- Brokerage commissions: 0.34 bps of average net assets (SEC N-CEN)
C000124882 Cashflows
Over the 12 months to 2026-06, LVIP SSGA SMID Cap Managed Volatility Fund had net outflows of $150.02M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$23.82M |
| 2026-05 | −$17.16M |
| 2026-04 | −$11.99M |
| 2026-03 | −$11.48M |
| 2026-02 | −$15.21M |
| 2026-01 | −$15.18M |
C000124882 Debt Constituents
No individual debt constituents are reported in LVIP SSGA SMID Cap Managed Volatility Fund's latest SEC N-PORT filing.
C000124882 Prospectus and SEC Filings
Official LVIP SSGA SMID Cap 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.