NPORT-EX 2 NPORT_LNBC_68099405_0921.htm
LVIP Global Moderate Allocation Managed Risk Fund
Schedule of Investments
September 30, 2021 (unaudited)
    Number of
Shares 		Value
(U.S. $)
AFFILIATED INVESTMENTS–97.72%
INVESTMENT COMPANIES–97.72%
Equity Funds–38.47%
✧✧Lincoln Variable Insurance Products Trust-  
LVIP Delaware Mid Cap Value Fund
  4,240,216 $  179,238,159
LVIP SSGA Large Cap 100 Fund
  21,840,708   338,793,052
LVIP SSGA Mid-Cap Index Fund
  8,857,441   128,849,198
LVIP SSGA Nasdaq-100 Index Fund
  2,332,495    25,048,666
LVIP SSGA S&P 500 Index Fund
  41,169,308 1,132,032,464
LVIP SSGA Small-Cap Index Fund
  6,835,597 272,528,426
LVIP T. Rowe Price Growth Stock Fund
  3,644,292 255,690,786
LVIP T. Rowe Price Structured Mid-Cap Growth Fund
  4,122,452 146,796,402
      2,478,977,153
Fixed Income Funds–36.81%
✧✧Lincoln Variable Insurance Products Trust-  
LVIP BlackRock Inflation Protected Bond Fund
  31,105,614 336,002,846
LVIP Delaware Bond Fund
  52,701,129 739,344,142
LVIP JPMorgan High Yield Fund
  13,925,698 156,274,177
LVIP PIMCO Low Duration Bond Fund
  7,356,395 74,270,163
LVIP SSGA Bond Index Fund
  24,468,502 288,630,449
LVIP SSGA Short-Term Bond Index Fund
  3,634,310 37,771,389
LVIP Western Asset Core Bond Fund
  70,922,890 739,725,740
      2,372,018,906
Global Equity Fund–1.44%
✧✧Lincoln Variable Insurance Products Trust–

LVIP BlackRock Global Real Estate Fund
  9,287,725 92,700,781
      92,700,781
    Number of
Shares 		Value
(U.S. $)
AFFILIATED INVESTMENTS (continued)
INVESTMENT COMPANIES (continued)
Global Fixed Income Fund–0.97%
✧✧Lincoln Variable Insurance Products Trust–

LVIP Global Income Fund
  5,590,312 $   62,667,395
      62,667,395
International Equity Funds–20.03%
✧✧Lincoln Variable Insurance Products Trust-  
LVIP Loomis Sayles Global Growth Fund
  7,432,319   123,101,497
LVIP MFS International Growth Fund
  12,621,669   274,470,814
LVIP Mondrian International Value Fund
  9,900,791 166,115,473
LVIP SSGA Developed International 150 Fund
  19,313,959 167,278,204
LVIP SSGA Emerging Markets 100 Fund
  7,013,125 64,682,049
LVIP SSGA Emerging Markets Equity Index Fund
  20,376,329 262,610,125
LVIP SSGA International Index Fund
  20,854,749 232,572,165
      1,290,830,327
Total Affiliated Investments

(Cost $4,499,155,449)
    6,297,194,562
    
       
UNAFFILIATED INVESTMENT–2.16%
INVESTMENT COMPANY–2.16%
Money Market Fund–2.16%
State Street Institutional U.S. Government Money Market Fund - Premier Class (seven-day effective yield 0.03%)
  138,872,260   138,872,260
Total Unaffiliated Investment

(Cost $138,872,260)
    138,872,260
    
TOTAL INVESTMENTS–99.88% (Cost $4,638,027,709)
6,436,066,822
RECEIVABLES AND OTHER ASSETS NET OF LIABILITIES–0.12%
7,891,082
NET ASSETS APPLICABLE TO 410,703,775 SHARES OUTSTANDING–100.00%
$6,443,957,904
    
✧✧ Standard Class shares.
LVIP Global Moderate Allocation Managed Risk Fund–1

 

LVIP Global Moderate Allocation Managed Risk Fund
Schedule of Investments (continued)
The following futures contracts were outstanding at September 30, 2021:
Futures Contracts
Contracts to Buy (Sell)   Notional
Amount 		  Notional
Cost (Proceeds) 		  Expiration
Date 		  Value/
Unrealized
Appreciation1 		  Value/
Unrealized
Depreciation1
Currency Contracts:
40 Australian Dollar   $2,893,600   $2,958,832   12/13/21   $—   $(65,232)
79 British Pound   6,653,281   6,794,063   12/13/21   —   (140,782)
110 Euro   15,950,000   16,293,838   12/13/21   —   (343,838)
74 Japanese Yen   8,307,425   8,393,509   12/13/21   —   (86,084)
5 Swedish Krona   1,142,700   1,162,854   12/13/21   —   (20,154)
    —   (656,090)
Equity Contracts:
341 E-mini MSCI Emerging Markets Index   21,237,480   22,205,930   12/17/21   —   (968,450)
133 E-mini Russell 2000 Index   14,635,320   14,934,955   12/17/21   —   (299,635)
449 E-mini S&P 500 Index   96,484,487   100,645,179   12/17/21   —   (4,160,692)
113 E-mini S&P MidCap 400 Index   29,755,160   30,573,870   12/17/21   —   (818,710)
371 Euro STOXX 50 Index   17,396,192   17,844,462   12/17/21   —   (448,270)
74 FTSE 100 Index   7,052,818   7,003,014   12/17/21   49,804   —
54 OMXS 30 Index   1,389,878   1,437,220   10/15/21   —   (47,342)
24 SPI 200 Index   3,163,484   3,208,612   12/16/21   —   (45,128)
52 TOPIX Index   9,487,039   9,580,550   12/9/21   —   (93,511)
    49,804   (6,881,738)
Total Futures Contracts   $49,804   $(7,537,828)
The use of futures contracts involves elements of market risk and risks in excess of the amounts recognized in the financial statements. The notional amounts presented above represent the Fund’s total exposure in such contracts, whereas only the net unrealized appreciation (depreciation) is reflected in the Fund’s net assets.
    
1 Includes cumulative appreciation (depreciation) of futures contracts from the date the contracts were opened through September 30, 2021.
    
Summary of Abbreviations:
FTSE–Financial Times Stock Exchange
MSCI–Morgan Stanley Capital International
OMXS–Stockholm Stock Exchange
S&P–Standard & Poor’s
SPI–Swiss Performance Index
TOPIX–Tokyo Stock Price Index
See accompanying notes.
LVIP Global Moderate Allocation Managed Risk Fund–2

 

LVIP Global Moderate Allocation Managed Risk Fund
Notes
September 30, 2021 (unaudited)
1. Significant Accounting Policies
Lincoln Variable Insurance Products Trust (“LVIP” or the “Trust”)–LVIP Global Moderate Allocation Managed Risk Fund (the “Fund”) is an investment company in conformity with U.S. generally accepted accounting principles (“U.S. GAAP”). Therefore, the Fund follows the accounting and reporting guidelines for investment companies. The following accounting policies are in accordance with U.S. GAAP and are consistently followed by the Fund.
Security Valuation –The Fund operates under a fund of funds structure and invests substantially all of its assets in open-end investment companies, including Exchange-Traded Funds (“ETFs”), and mutual funds that are advised by Lincoln Investment Advisors Corporation (“LIAC”) or other unaffiliated managers (collectively, the “Underlying Funds”). ETFs, except those traded on The Nasdaq Stock Market LLC (“Nasdaq”), are valued at the last quoted sales price as of the time of the regular close of the New York Stock Exchange (“NYSE”) on the valuation date. ETFs traded on Nasdaq are valued in accordance with the Nasdaq Official Closing Price, which may not be the last sales price. If on a particular day an ETF does not trade, then the mean between the bid and ask prices is used, which approximates fair value. The Fund values Underlying Funds that are open-end funds at their published net asset value (“NAV”), computed as of the close of regular trading on the NYSE on days when the NYSE is open. Securities of each open-end Underlying Fund are valued under the valuation policy of such Underlying Fund. For information regarding the determination of the Underlying Funds’ NAVs, see the Underlying Funds’ prospectuses and statements of additional information. Financial statements for the Underlying Funds can be found at www.sec.gov.   Investments in government money market funds have a stable NAV.   Futures contracts are valued at the daily quoted settlement prices.
2. Investments
U.S. GAAP defines fair value as the price that the Fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date under current market conditions. A three level hierarchy for fair value measurements has been established based upon the transparency of inputs to the valuation of an asset or liability. Inputs may be observable or unobservable and refer broadly to the assumptions that market participants would use in pricing the asset or liability. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the reporting entity’s own assumptions about the assumptions that market participants would use in pricing the asset or liability developed based on the best information available under the circumstances. Each investment in its entirety is assigned a level based upon the observability of the inputs which are significant to the overall valuation. The three level hierarchy of inputs is summarized below.
Level 1– inputs are quoted prices in active markets for identical investments (e.g., equity securities, open-end investment companies, futures contracts, options contracts)
Level 2– other observable inputs (including, but not limited to: quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market-corroborated inputs) (e.g., debt securities, government securities, swap contracts, foreign currency exchange contracts, foreign securities utilizing international fair value pricing)
Level 3– inputs are significant unobservable inputs (including the Fund's own assumptions used to determine the fair value of investments) (e.g., indicative quotes from brokers, fair valued securities)
The following table summarizes the valuation of the Fund's investments by fair value hierarchy levels as of September 30, 2021:
  Level 1   Level 2   Level 3   Total
Investments:              
Assets:
             
Affiliated Investment Companies
$6,297,194,562   $—   $—   $6,297,194,562
Unaffiliated Investment Company
138,872,260   —   —   138,872,260
Total Investments
$6,436,066,822   $—   $—   $6,436,066,822
Derivatives:              
Assets:
             
Futures Contract
$49,804   $—   $—   $49,804
Liabilities:
             
Futures Contracts
$(7,537,828)   $—   $—   $(7,537,828)
There were no Level 3 investments at the beginning or end of the period.
LVIP Global Moderate Allocation Managed Risk Fund–3

 

LVIP Global Moderate Allocation Managed Risk Fund
Notes (continued)
3. Transactions with Affiliates
Affiliated investments, for purposes of the Investment Company Act of 1940, are investments that have a common investment adviser, LIAC (LVIP Funds), or investments in issuers whereby the Fund held 5% or more of the issuers’ outstanding securities (non-LVIP Funds or ETFs). Affiliated investments of the Fund and the corresponding investment activity for the period ended September 30, 2021, were as follows:
  Value
12/31/20 		  Purchases   Sales   Net
Realized
Gain (Loss) 		  Net Change
in
Unrealized
Appreciation
(Depreciation) 		  Value
09/30/21 		  Number of
Shares
09/30/21 		  Dividends   Capital
Gain
Distributions 		 
INVESTMENT COMPANIES-97.72%@                                    
Equity Funds-38.47%@                                    
✧✧LVIP Delaware Mid Cap Value Fund
$129,089,339   $36,802,066   $13,300,691   $388,926   $26,258,519   $179,238,159   4,240,216   $—   $—  
✧✧LVIP SSGA Large Cap 100 Fund
331,547,278   4,033,113   61,182,788   8,709,563   55,685,886   338,793,052   21,840,708   147,030   —  
✧✧LVIP SSGA Mid-Cap Index Fund
131,580,520   5,356,820   25,935,403   6,611,767   11,235,494   128,849,198   8,857,441   1,451,972   —  
✧✧‡LVIP SSGA Nasdaq-100 Index Fund
—   27,379,717   4,359,232   258,692   1,769,489   25,048,666   2,332,495   —   —  
✧✧LVIP SSGA S&P 500 Index Fund
1,336,607,130   16,587,699   391,674,591   226,098,156   (55,585,930)   1,132,032,464   41,169,308   15,957,357   —  
✧✧LVIP SSGA Small-Cap Index Fund
238,074,229   44,808,496   37,465,292   11,912,186   15,198,807   272,528,426   6,835,597   3,086,589   —  
✧✧LVIP T. Rowe Price Growth Stock Fund
284,810,087   13,898,507   67,912,337   34,215,592   (9,321,063)   255,690,786   3,644,292   13,754,979   —  
✧✧LVIP T. Rowe Price Structured Mid-Cap Growth Fund
134,706,975   40,952,988   25,410,666   1,614,359   (5,067,254)   146,796,402   4,122,452   17,764,599   —  
Fixed Income Funds-36.81%@                                    
✧✧LVIP BlackRock Inflation Protected Bond Fund
310,696,584   44,831,304   26,551,128   376,599   6,649,487   336,002,846   31,105,614   3,563,256   —  
✧✧LVIP Delaware Bond Fund
721,864,673   98,166,869   61,365,572   (3,082,273)   (16,239,555)   739,344,142   52,701,129   9,076,497   —  
✧✧LVIP JPMorgan High Yield Fund
152,841,603   7,691,178   12,758,134   115,335   8,384,195   156,274,177   13,925,698   411,535   —  
✧✧LVIP PIMCO Low Duration Bond Fund
86,812,109   3,820,285   16,472,448   (42,194)   152,411   74,270,163   7,356,395   —   —  
✧✧LVIP SSGA Bond Index Fund
327,381,593   29,309,516   60,817,549   (2,023,074)   (5,220,037)   288,630,449   24,468,502   1,113,320   —  
✧✧LVIP SSGA Short-Term Bond Index Fund
36,307,271   4,708,264   3,110,454   (42,680)   (91,012)   37,771,389   3,634,310   174,814   —  
✧✧LVIP Western Asset Core Bond Fund
723,458,866   101,784,988   61,365,572   (1,898,843)   (22,253,699)   739,725,740   70,922,890   13,227,184   —  
Global Equity Fund-1.44%@                                    
✧✧LVIP BlackRock Global Real Estate Fund
95,018,373   2,593,675   18,601,209   1,078,364   12,611,578   92,700,781   9,287,725   2,543,566   —  
Global Fixed Income Fund-0.97%@                                    
✧✧LVIP Global Income Fund
62,085,062   10,588,515   5,271,956   (132,897)   (4,601,329)   62,667,395   5,590,312   1,974,306   —  
International Equity Funds-20.03%@                                    
✧✧LVIP Loomis Sayles Global Growth Fund
128,934,860   7,153,931   20,182,871   2,984,087   4,211,490   123,101,497   7,432,319   536,175   —  
✧✧LVIP MFS International Growth Fund
275,595,485   24,334,004   25,696,615   5,910,421   (5,672,481)   274,470,814   12,621,669   15,211,506   —  
✧✧LVIP Mondrian International Value Fund
166,551,615   7,456,975   23,276,615   1,466,875   13,916,623   166,115,473   9,900,791   1,173,873   —  
✧✧LVIP SSGA Developed International 150 Fund
161,813,793   9,086,456   24,680,504   1,310,999   19,747,460   167,278,204   19,313,959   404,801   —  
✧✧LVIP SSGA Emerging Markets 100 Fund
67,187,612   5,918,933   14,006,241   1,059,953   4,521,792   64,682,049   7,013,125   732,445   —  
LVIP Global Moderate Allocation Managed Risk Fund–4

 

LVIP Global Moderate Allocation Managed Risk Fund
Notes (continued)
 3. Transactions with Affiliates (continued)
  Value
12/31/20 		  Purchases   Sales   Net
Realized
Gain (Loss) 		  Net Change
in
Unrealized
Appreciation
(Depreciation) 		  Value
09/30/21 		  Number of
Shares
09/30/21 		  Dividends   Capital
Gain
Distributions 		 
✧✧LVIP SSGA Emerging Markets Equity Index Fund
$204,028,392   $90,441,926   $20,626,364   $(1,194,216)   $(10,039,613)   $262,610,125   20,376,329   $1,746,232   $—  
✧✧LVIP SSGA International Index Fund
255,669,738   3,452,022   44,855,936   11,663,732   6,642,609   232,572,165   20,854,749   417,271   —  
Total
$6,362,663,187   $641,158,247   $1,066,880,168   $307,359,429   $52,893,867   $6,297,194,562       $104,469,307   $—  
    
@ As a percentage of Net Assets as of September 30, 2021.
✧✧ Standard Class shares.
‡ Issuer was not an investment of the Fund at December 31, 2020.
LVIP Global Moderate Allocation Managed Risk Fund–5