LVIP American Century Select Mid Cap Managed Volatility Fund
Data updated: 2026-08-06
C000131265 — LVIP American Century Select Mid Cap Managed Volatility Fund. Holdings, fees, performance and SEC filings.
C000131265 Fund Overview
LVIP American Century Select Mid Cap Managed Volatility Fund is a US mutual fund managed by Lincoln Variable Insurance Products Trust, categorised as United States Mid 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 Mid Cap Blend / Core Equity
- Assets under management: $462.16M
- 1-year return: 16.1%
- SEC CIK: 0000914036
- SEC series ID: S000042336
- Share class ID: C000131265
C000131265 Investment Objective and Strategy
LVIP American Century Select Mid 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 American Century Select Mid 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. 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 mid capitalization securities. Select Mid Cap Strategy. The Fund, through the underlying funds, invests primarily in medium size companies. Certain underlying funds may invest in securities of foreign companies when these securities meet such underlying funds portfolio managers standards of selection. The Fund intends to allocate to underlying funds including, but not limited to, the American Century VP Mid Cap Value Fund (in an amount initially expected to be 80% of the portion of the Funds assets not subject to the overlay) and the American Century VP Capital Appreciation 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. Certain underlying funds invest in securities of medium capitalization companies, as defined by such underlying funds management as those whose market capitalization at the time of purchase is within the capitalization range of the Russell 3000 Index, excluding the largest 100 and smallest 100 such companies. Such underlying funds management intends to manage the underlying fund so that its weighted capitalization falls within the capitalization range of the members of the Russell Midcap Index. Though market capitalization may change from time to time, as of March 31, 2018, the capitalization ranges of the Russell 3000 Index, excluding the largest 100 and smallest 100 companies, and the Russell Midcap Index, were approximately $160 million to $60 billion and $2.4 billion to $29.4 billion, respectively.
In selecting stocks for certain underlying fund, the underlying funds management looks for companies whose stock price may not reflect the companys value. Certain underlying funds management attempts to purchase the stocks of these undervalued companies and hold each stock until the price has increased to, or is higher than, a level the managers believe more accurately reflects the fair value of the company. Certain underlying funds invest in stocks of medium-sized and smaller companies that such underlying funds management believes will increase in value over time, using an investment strategy developed by such underlying funds management. Such underlying funds management makes its investment decisions based primarily on its analysis of individual companies, rather than on broad economic forecasts.
Certain underlying funds managements principal analytical technique involves the identification of companies with earnings and revenues that are not only growing, but growing at an accelerating pace. In addition to accelerating growth, certain underlying funds also consider companies demonstrating price strength relative to their peers. Certain underlying funds may engage in active and frequent trading of portfolio securities to achieve their principal investment strategies. 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 underlying funds 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 adviser uses various analytical tools and proprietary and third party research to construct the portfolio. The underlying fund allocation is made based on the Funds particular asset allocation strategy, the advisers desired asset class exposures, country and regional exposure, and the investment styles and performance of the underlying funds. The adviser also considers the portfolio characteristics and risk profile for each underlying fund over various periods and market environments to assess each underlying funds suitability as an investment for the Fund.
* Russell Investment Group is the source and owner of the trademarks, service marks and copyrights related to the Russell Indexes. Russell 3000 and Russell Midcap are trademarks of Russell Investment Group. 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.
C000131265 Holdings
Top 10 holdings of LVIP American Century Select Mid Cap Managed Volatility Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| State Street Institutional US Government Money Market Fund | 6.14% |
| Kimberly-Clark Corp | 1.72% |
| Commerce Bancshares Inc/MO | 1.55% |
| Zimmer Biomet Holdings Inc | 1.54% |
| Henry Schein Inc | 1.52% |
| Labcorp Holdings Inc | 1.42% |
| Evergy Inc | 1.28% |
| Packaging Corp of America | 1.26% |
| Xcel Energy Inc | 1.25% |
| Becton Dickinson & Co | 1.21% |
C000131265 Portfolio Allocation
Asset-class allocation of LVIP American Century Select Mid Cap Managed Volatility Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 93.4% |
| Cash & Equivalents | 6.1% |
| Derivatives | 0.2% |
C000131265 Performance
Total returns for C000131265 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 11.2% |
| 1 year | 16.1% |
| 3 years (annualised) | 10.7% |
| 5 years (annualised) | 6.9% |
C000131265 Risk Information
Risk metrics for C000131265, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 10.9%
C000131265 Costs and Fees
C000131265 costs about $81 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.81%
- Gross expense ratio: 0.84%
- Portfolio turnover: 58%
- Brokerage commissions: 2.91 bps of average net assets (SEC N-CEN)
C000131265 Cashflows
Over the 12 months to 2026-06, LVIP American Century Select Mid Cap Managed Volatility Fund had net outflows of $36.59M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$8.30M |
| 2026-05 | −$3.35M |
| 2026-04 | −$7.33M |
| 2026-03 | −$9.34M |
| 2026-02 | −$9.57M |
| 2026-01 | −$6.31M |
C000131265 Debt Constituents
No individual debt constituents are reported in LVIP American Century Select Mid Cap Managed Volatility Fund's latest SEC N-PORT filing.
C000131265 Prospectus and SEC Filings
Official LVIP American Century Select Mid 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 Mid 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.