LVIP MFS International Growth Fund
LINCOLN VARIABLE INSURANCE PRODUCTS TRUST
Expense ratio
Net assets1
$1.39B
Holdings1
86
Category
International Equity
Return

Investment objective & strategy

As of April 30, 2025 · prospectus

Objective. The investment objective of the LVIP MFS International Growth Fund (the Fund) is to seek long-term capital appreciation.

Strategy. Massachusetts Financial Services Company (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 investing at least 80% of its assets in equity and equity-related securities (including depositary receipts). The Fund normally invests its assets primarily in foreign equity securities, including emerging market equity securities. The Fund may invest in securities of companies of any size, including small- and medium-capitalization companies, throughout the world. The Fund expects to invest in various issuers or securities from at least four different foreign countries. Some issuers or securities in the Fund may be based in or economically tied to the U.S. The Sub-Adviser focuses on investing the Funds … Massachusetts Financial Services Company (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 investing at least 80% of its assets in equity and equity-related securities (including depositary receipts). The Fund normally invests its assets primarily in foreign equity securities, including emerging market equity securities. The Fund may invest in securities of companies of any size, including small- and medium-capitalization companies, throughout the world. The Fund expects to invest in various issuers or securities from at least four different foreign countries. Some issuers or securities in the Fund may be based in or economically tied to the U.S. The Sub-Adviser focuses on investing the Funds assets in the stocks of companies it believes to have above average earnings growth potential compared to other companies (growth companies). Growth companies tend to have stock prices that are high relative to their earnings, dividends, book value, or other financial measures. The Sub-Adviser normally invests the Fund's assets across different industries, sectors, countries, and regions, but the Sub-Adviser may invest a significant percentage of the funds assets in issuers in a single industry, sector, country, or region. The Sub-Adviser uses an active bottom-up investment approach to buying and selling investments for the Fund. Investments are selected primarily based on fundamental analysis of individual issuers and their potential in light of their financial condition, and market, economic, political, and regulatory conditions. Factors considered may include analysis of an issuer's earnings, cash flows, competitive position, and management ability. Quantitative screening tools that systematically evaluate an issuer's valuation, price and earnings momentum, earnings quality, and other factors may also be considered.

Top holdings

As of March 31, 2026 · N-PORT
SecurityTickerValue% of fund
SCHNEIDER ELECTR $56.93M 4.10%
AIA Group Ltd $55.17M 3.97%
NESTLE SA (REG) $49.22M 3.54%
SAP SE $49.01M 3.53%
AGNICO EAGLE MINES LTD $48.78M 3.51%
ASTRAZENECA PLC $44.47M 3.20%
FRANCO-NEVADA CORP $40.71M 2.93%
LINDE PLC $39.36M 2.83%
DBS GROUP HLDGS $37.54M 2.70%
TSMC $33.37M 2.40%
View all holdings →

Allocation by sector

As of March 31, 2026 · N-PORT
View portfolio breakdown →

Portfolio moves

Dec 31, 2025 → Mar 31, 2026
Opened
6
Exited
7
Increased
8
Decreased
71
Unchanged
1

How 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.

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Similar funds

Funds whose portfolios most overlap this one, by weight
FundOverlapNet exp.
EQ/MFS International Growth Portfolio 87% 0.85%
MFS International Growth Portfolio 85% 0.88%
MFS International Growth Fund · MGRAX, MGRBX, MGRCX, MQGIX, MGRDX, MGRVX, MGRRX, MGRQX, MGRTX 83% 0.69%
View all similar funds →

Advisers

As of December 31, 2025 · N-CEN
FirmRole
Lincoln Financial Investments Corporation Adviser
MASSACHUSETTS FINANCIAL SERVICES COMPANY Sub-adviser

Footnotes

  1. Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.

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