Investment objective & strategy
As of April 29, 2024 · prospectusObjective. The investment objective of the LVIP Wellington Capital Growth Fund (the Fund) is to seek capital growth. Realization of income is not a significant investment consideration and any income realized will be incidental.
Strategy. Wellington Management Company LLP (the Sub-Adviser) serves as the Funds sub-adviser. The Sub-Adviser is responsible for the day-to-day management of the Funds assets. The Fund pursues its objective by primarily investing in equity securities of large U.S. companies and may purchase some medium-cap companies. The Fund may also invest up to 25% of its assets in foreign equity securities. The Fund invests in stocks of successful, large, growing companies. The Funds investment strategy is based on an assumption that stock prices over time follow earnings and companies that can sustain above average growth in earnings will out-perform the growth indices and, long-term, the market overall. However, markets often overreact to near term events and extrapolate recent experience into the current … Wellington Management Company LLP (the Sub-Adviser) serves as the Funds sub-adviser. The Sub-Adviser is responsible for the day-to-day management of the Funds assets. The Fund pursues its objective by primarily investing in equity securities of large U.S. companies and may purchase some medium-cap companies. The Fund may also invest up to 25% of its assets in foreign equity securities. The Fund invests in stocks of successful, large, growing companies. The Funds investment strategy is based on an assumption that stock prices over time follow earnings and companies that can sustain above average growth in earnings will out-perform the growth indices and, long-term, the market overall. However, markets often overreact to near term events and extrapolate recent experience into the current stock price. In this context, successful growth investing requires in-depth fundamental research in order to differentiate sustainable growth from short-lived events. This fundamental research is then coupled with a valuation assessment to evaluate the upside potential for investing in a company. Using a unique valuation measure in each industry, the Sub-Adviser ranks each stock based on its estimated upside return potential relative to its downside risk. The Sub-Adviser typically purchases companies that rank in the top third based on this measure and sells the stocks when they fall below the median.
Top holdings
As of June 30, 2024 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| MICROSOFT CORP | — | $88.27M | 10.67% |
| ALPHABET INC CL C | — | $61.62M | 7.45% |
| AMAZON.COM INC | — | $56.38M | 6.81% |
| BROADCOM INC | — | $39.24M | 4.74% |
| NVIDIA CORP | — | $39.22M | 4.74% |
| APPLE INC | — | $38.54M | 4.66% |
| LILLY ELI and CO | — | $30.41M | 3.67% |
| META PLATFORMS INC CL A | — | $25.33M | 3.06% |
| QUALCOMM INC | — | $23.48M | 2.84% |
| ADV MICRO DEVICE | — | $21.27M | 2.57% |
Portfolio moves
Mar 31, 2024 → Jun 30, 2024How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| Nationwide Nasdaq-100 Risk-Managed Income ETF | 45% | 0.68% |
| ClearBridge All Cap Growth ESG ETF | 44% | 0.54% |
| Pioneer Fundamental Growth Fund | 44% | 0.66% |
Footnotes
- Net assets and holdings count as of June 30, 2024, from the fund's N-PORT filing.
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