LVIP Invesco Select Equity Managed Volatility Fund
Data updated: 2025-08-06
C000131273 — LVIP Invesco Select Equity Managed Volatility Fund. United States Large Cap Blend / Core Equity. Holdings, fees, performance and SEC filings.
C000131273 Fund Overview
LVIP Invesco Select Equity Managed Volatility 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: $391.42M
- 1-year return: 9.5%
- SEC CIK: 0000914036
- SEC series ID: S000042340
- Share class ID: C000131273
C000131273 Investment Objective and Strategy
LVIP Invesco Select 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 Invesco Select Equity 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 equity securities.The Fund intends to allocate to underlying funds including, but not limited to, the Invesco V.I. Equally-Weighted S&P 500 Fund (in an amount initially expected to be 70% of the portion of the Funds assets not subject to the overlay) and the Invesco V.I. Comstock Fund (in an amount initially expected to be 30% 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. The Fund, through the underlying funds, invests a large percentage of its assets in equity securities of U.S. companies, although it may also invest in equity securities of foreign issuers, which may include securities of issuers located in emerging market countries (i.e., those that are in the initial stages of their industrial cycles) or depositary receipts. Certain underlying funds may also invest, to a limited extent, in high-quality short-term debt securities and in investment grade corporate debt securities. Certain underlying funds may also invest in derivative instruments, including forward foreign currency contracts and futures contracts. Certain underlying funds invest in a diversified portfolio of common stocks represented in the Standard & Poors 500 Composite Stock Price Index (S&P 500 Index).
Such underlying funds generally invest in each common stock included in the S&P 500 Index in approximately equal proportions. This approach differs from the S&P 500 Index because stocks in the S&P 500 Index are represented in proportion to their market value or market capitalization. For example, the 50 largest companies in the S&P 500 Index represent approximately 50% of the S&P 500 Indexs value; however, these same 50 companies represent roughly 10% of such underlying funds value. Certain underlying funds may invest in securities of issuers of any market capitalization; however, a substantial number of the issuers in which the underlying funds invest are large-capitalization issuers. A securitys potential for growth and income is the primary focus for the adviser to a certain underlying fund.
Such underlying funds management emphasizes a value style of investing, seeking well-established, undervalued companies that have identifiable factors that might lead to improved valuations. 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. 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.
C000131273 Holdings
Top 10 holdings of LVIP Invesco Select Equity 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 | 3.42% |
| United States Treasury | 1.90% |
| Bank of America Corp | 1.72% |
| Wells Fargo & Co | 1.60% |
| Microsoft Corp | 1.45% |
| Philip Morris International Inc | 1.36% |
| JPMorgan Chase & Co | 1.33% |
| Chevron Corp | 1.23% |
| Johnson & Johnson | 1.17% |
| Charles Schwab Corp/The | 1.15% |
C000131273 Portfolio Allocation
Asset-class allocation of LVIP Invesco Select Equity Managed Volatility Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 83.4% |
| Fixed Income | 12.1% |
| Cash & Equivalents | 3.4% |
| Other | 0.8% |
C000131273 Performance
Total returns for C000131273 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 9.5% |
| 3 years (annualised) | 11.3% |
| 5 years (annualised) | 11.7% |
C000131273 Risk Information
Risk metrics for C000131273, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 12.8%
C000131273 Costs and Fees
C000131273 costs about $93 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.93%
- Gross expense ratio: 1.03%
- Portfolio turnover: 74%
- Brokerage commissions: 1.84 bps of average net assets (SEC N-CEN)
C000131273 Cashflows
Over the 12 months to 2025-06, LVIP Invesco Select Equity Managed Volatility Fund had net outflows of $47.31M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2025-06 | −$5.81M |
| 2025-05 | −$7.38M |
| 2025-04 | −$2.51M |
| 2025-03 | −$4.95M |
| 2025-02 | −$5.76M |
| 2025-01 | −$5.19M |
C000131273 Debt Constituents
Largest debt holdings of LVIP Invesco Select Equity Managed Volatility Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| United States Treasury | 1.90% |
| United States Treasury | 0.42% |
| United States Treasury | 0.33% |
| United States Treasury | 0.29% |
| Microchip Technology, Inc. | 0.23% |
| Mks, Inc. | 0.22% |
| Ppl Capital Funding, Inc. | 0.22% |
| Airbnb, Inc. | 0.21% |
| United States Treasury | 0.20% |
| Dropbox, Inc. | 0.19% |
C000131273 Prospectus and SEC Filings
Official LVIP Invesco Select 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 2025-08-06
- Portfolio holdings (N-PORT) — filed 2025-05-19
- Portfolio holdings (N-PORT) — filed 2025-02-06
- Annual census (N-CEN) — filed 2025-03-07
- Annual census (N-CEN) — filed 2024-03-06
Related Funds
Other United States Large 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.