LVIP Multi-Manager Global Equity Managed Volatility Fund
Data updated: 2026-05-18
C000139581 — LVIP Multi-Manager Global Equity Managed Volatility Fund. Holdings, fees, performance and SEC filings.
C000139581 Fund Overview
LVIP Multi-Manager Global 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: $86.95M
- 1-year return: 11.2%
- SEC CIK: 0000914036
- SEC series ID: S000045005
- Share class ID: C000139581
C000139581 Investment Objective and Strategy
LVIP Multi-Manager Global 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 Multi-Manager Global Equity Managed Volatility Fund (the “Fund”) is to seek long-term growth of capital.
Principal investment strategy
The Fund operates under a fund of funds structure. Under normal circumstances, the Fund invests substantially all of its assets in mutual funds (underlying funds) which, in turn, invest at least 80% of their assets in equity securities of U.S. and non-U.S. companies. The underlying funds invest in a broad and diverse group of global stocks of companies from both developed and developing markets, including the U.S. The underlying funds may include funds affiliated with the adviser. The adviser develops the Funds asset allocation strategy based on the Funds investment strategy. Through its investment in underlying funds, the Funds investment strategy will be to allocate assets across a broad and diverse range of U.S. and foreign equity securities with growth and value styles, including large-cap, mid-cap, small-cap and emerging market stocks.
The Fund may also allocate a smaller percentage of assets to underlying funds that invest in real estate securities (principally, readily marketable equity securities of companies in the following sectors of the real estate industry: certain real estate investment trusts and companies engaged in residential construction and firms, except partnerships, whose principal business is to develop commercial property). The underlying funds may include index funds. Foreign equity securities are securities of companies organized, or having a majority of their assets, or earning a majority of their operating income outside of the United States, or determined to be a foreign equity security in accordance with factors deemed appropriate by the adviser to the underlying funds. Foreign equity securities may trade on U.S.
or foreign markets. An emerging market country is generally considered to be one that is in the initial stages of its industrialization cycle and has a lower per capita gross national product. The Fund invests in underlying funds which hold foreign equity securities of companies in developing and less developed foreign countries (emerging markets). The Fund, through underlying funds, may invest a large percentage of its assets in issuers located in a single country, a small number of countries, or a particular geographic region. The Fund normally maintains investment exposure to at least three countries outside of the United States. Typically, the Fund invests in a large number of different countries. The Fund is not required to allocate its investments in any set percentages in any particular countries.
Certain underlying funds may use derivatives, such as futures contracts and options on futures contracts for equity securities and indices, to gain market exposure on their uninvested cash pending investment in securities or to maintain liquidity to pay redemptions. Also, the underlying funds may lend their portfolio securities to generate additional income. 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 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.
C000139581 Holdings
Top 6 holdings of LVIP Multi-Manager Global 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 | 38.94% |
| LVIP Loomis Sayles Global Growth Fund | 38.30% |
| LVIP Dimensional International Core Equity Fund | 9.66% |
| LVIP Franklin Templeton Multi-Factor International Equity Fund | 9.57% |
| State Street Institutional US Government Money Market Fund | 3.23% |
| Chicago Mercantile Exchange | 0.00% |
C000139581 Portfolio Allocation
Asset-class allocation of LVIP Multi-Manager Global Equity Managed Volatility Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 96.5% |
| Cash & Equivalents | 3.2% |
C000139581 Performance
Total returns for C000139581 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | -5.1% |
| 1 year | 11.2% |
| 3 years (annualised) | 13.4% |
| 5 years (annualised) | 7.2% |
C000139581 Risk Information
Risk metrics for C000139581, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 11.3%
C000139581 Costs and Fees
C000139581 costs about $114 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.14%
- Gross expense ratio: 1.26%
- Portfolio turnover: 14%
- Brokerage commissions: 0.21 bps of average net assets (SEC N-CEN)
C000139581 Cashflows
Over the 12 months to 2026-03, LVIP Multi-Manager Global Equity Managed Volatility Fund had net outflows of $11.42M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-03 | −$1.85M |
| 2026-02 | −$1.32M |
| 2026-01 | $118.68K |
| 2025-12 | −$749.10K |
| 2025-11 | −$2.03M |
| 2025-10 | −$926.47K |
C000139581 Debt Constituents
No individual debt constituents are reported in LVIP Multi-Manager Global Equity Managed Volatility Fund's latest SEC N-PORT filing.
C000139581 Prospectus and SEC Filings
Official LVIP Multi-Manager Global 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 2026-05-18
- Portfolio holdings (N-PORT) — filed 2026-02-06
- Portfolio holdings (N-PORT) — filed 2025-11-21
- 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.