LVIP U.S. Aggressive Growth Allocation Managed Risk Fund
Data updated: 2026-08-06
C000205544 — LVIP U.S. Aggressive Growth Allocation Managed Risk Fund. Holdings, fees, performance and SEC filings.
C000205544 Fund Overview
LVIP U.S. Aggressive Growth Allocation 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: $250.74M
- 1-year return: 15.6%
- SEC CIK: 0000914036
- SEC series ID: S000063432
- Share class ID: C000205544
C000205544 Investment Objective and Strategy
LVIP U.S. Aggressive Growth Allocation 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 U.S. Aggressive Growth Allocation Managed Risk Fund (the “Fund”) is to seek capital appreciation.
Principal investment strategy
The Fund operates under a fund of funds structure. The Fund, under normal circumstances, invests substantially all of its assets in mutual funds, including exchange traded funds (underlying funds). The Fund will also employ an actively managed risk-management strategy (the Risk Management Strategy), which seeks to stabilize the Funds overall portfolio volatility. Underlying Funds Allocation Strategy. Under normal circumstances, the Fund will invest in underlying funds so that approximately 80% of the assets in the underlying funds will be invested primarily in equity securities (stocks) and approximately 20% will be invested primarily in fixed income securities (bonds). Additionally, under normal circumstances, the Fund will invest at least 80% of its net assets in a portfolio of investments that provides exposure to U.S.
securities. Lincoln Investment Advisors Corporation (the Adviser) develops the Funds asset allocation strategy based on the Funds investment objective. The Fund will have a substantial portion of its assets in underlying funds employing a passive investment style, i.e., index funds or rules-based strategy. The Funds largest allocation will be to underlying funds that invest primarily in domestic equity securities including large-, medium- and small-cap equities with both growth and value equity securities. A smaller allocation will be made to underlying funds that invest primarily in domestic fixed income securities, including mortgage-backed securities, inflation protected securities, and high yield securities (junk bonds). 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 and adding or removing underlying funds from the asset allocation strategy.
The Adviser will also periodically rebalance the weightings in the underlying funds 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 in ways that seek to outperform the U.S. Aggressive Allocation Blended Composite, an unmanaged index compiled by the Funds Adviser. The underlying fund selection is made based on the Funds particular asset allocation strategy, the Advisers desired asset class exposures, 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.
The U.S. Aggressive Allocation Blended Composite is constructed as follows: 56% Russell 1000 Index, 20% Bloomberg Barclays U.S. Aggregate Bond Index, 16% Russell Midcap Index, and 8% Russell 2000 Index. The Fund's risk management strategy may cause the Fund's return to trail the unhedged return of the U.S. Aggressive Allocation Blended Composite index in strong, increasing markets. 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 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.
C000205544 Holdings
Top 10 holdings of LVIP U.S. Aggressive Growth Allocation Managed Risk Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| LVIP State Street S&P 500 Index Fund | 21.44% |
| LVIP MFS Value Fund | 15.45% |
| LVIP AllianceBernstein Large Cap Growth Fund | 14.02% |
| LVIP JPMorgan Core Bond Fund | 12.10% |
| LVIP Wellington SMID Cap Value Fund | 6.85% |
| LVIP T. Rowe Price Structured Mid-Cap Growth Fund | 4.65% |
| LVIP Franklin Templeton Multi-Factor SMID Cap Equity Fund | 3.59% |
| LVIP State Street Mid-Cap Index Fund | 3.25% |
| State Street Institutional US Government Money Market Fund | 3.03% |
| LVIP State Street Small-Cap Index Fund | 2.95% |
C000205544 Portfolio Allocation
Asset-class allocation of LVIP U.S. Aggressive Growth Allocation Managed Risk Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 96.8% |
| Cash & Equivalents | 3.0% |
| Derivatives | 0.1% |
C000205544 Performance
Total returns for C000205544 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 8.4% |
| 1 year | 15.6% |
| 3 years (annualised) | 13.3% |
| 5 years (annualised) | 5.6% |
C000205544 Risk Information
Risk metrics for C000205544, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 9.5%
C000205544 Costs and Fees
C000205544 costs about $80 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.80%
- Gross expense ratio: 0.83%
- Portfolio turnover: 18%
- Brokerage commissions: 0.02 bps of average net assets (SEC N-CEN)
C000205544 Cashflows
Over the 12 months to 2026-06, LVIP U.S. Aggressive Growth Allocation Managed Risk Fund had net outflows of $5.68M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$4.40M |
| 2026-05 | −$2.42M |
| 2026-04 | −$1.40M |
| 2026-03 | −$1.80M |
| 2026-02 | −$3.14M |
| 2026-01 | −$2.26M |
C000205544 Debt Constituents
No individual debt constituents are reported in LVIP U.S. Aggressive Growth Allocation Managed Risk Fund's latest SEC N-PORT filing.
C000205544 Prospectus and SEC Filings
Official LVIP U.S. Aggressive Growth Allocation 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:
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.