Investment objective & strategy
As of April 30, 2025 · prospectusObjective. The investment objective of the LVIP Fidelity Institutional AM Total Bond Fund (the Fund) is to seek maximum long term total return, consistent with reasonable risk.
Strategy. Under normal circumstances, the Fund will invest at least 80% of assets in debt securities of all types and repurchase agreements for those securities. Lincoln Financial Investments Corporation serves as the Funds adviser. FIAM LLC (the Sub-Adviser) serves as the Funds sub-adviser. The Sub-Advisor uses the Bloomberg U.S. Aggregate Bond Index as a guide in structuring the Fund and selecting its investments. The Sub-Adviser allocates the Fund's assets across investment-grade, high yield, and emerging markets debt securities. Emerging markets include countries that have an emerging stock market as defined by MSCI, countries or markets with low- to middle-income economies as classified by the World Bank, and other countries or markets that the Adviser identifies as having similar emerging markets characteristics. … Under normal circumstances, the Fund will invest at least 80% of assets in debt securities of all types and repurchase agreements for those securities. Lincoln Financial Investments Corporation serves as the Funds adviser. FIAM LLC (the Sub-Adviser) serves as the Funds sub-adviser. The Sub-Advisor uses the Bloomberg U.S. Aggregate Bond Index as a guide in structuring the Fund and selecting its investments. The Sub-Adviser allocates the Fund's assets across investment-grade, high yield, and emerging markets debt securities. Emerging markets include countries that have an emerging stock market as defined by MSCI, countries or markets with low- to middle-income economies as classified by the World Bank, and other countries or markets that the Adviser identifies as having similar emerging markets characteristics. The Fund may invest 20% of assets in lower-quality debt securities (those of less than investment-grade quality, also referred to as high yield debt securities or junk bonds). The Sub-Advisor manages the Fund to have similar overall interest rate risk to the index. Investing in domestic and foreign issuers. Allocating assets across different fixed income asset classes, market sectors, and maturities. The Sub-Advisor analyzes the credit quality of the issuer, the issuer's potential for success, the credit, currency, and economic risks of the security and its issuer, security-specific features (including, but not limited to, maturity date, coupon, seniority, and call provisions), current and potential future valuation, and trading opportunities to select investments. The Fund engages in transactions that have a leveraging effect on the Fund, including investments in derivatives - such as swaps (interest rate, total return, and credit default), options, and futures contracts - and forward-settling securities, to adjust the Fund's risk exposure.
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| US TREASURY N/B | — | $154.34M | 7.28% |
| US TREASURY N/B | — | $97.46M | 4.60% |
| US TREASURY N/B | — | $97.34M | 4.59% |
| US TREASURY N/B | — | $73.27M | 3.46% |
| State Street Navigator Securities Lending Portfolio II | GVMXX | $50.37M | 2.38% |
| US TREASURY N/B | — | $45.16M | 2.13% |
| US TREASURY N/B | — | $41.29M | 1.95% |
| US TREASURY N/B | — | $37.25M | 1.76% |
| US TREASURY N/B | — | $30.56M | 1.44% |
| US TREASURY N/B | — | $26.78M | 1.26% |
Portfolio moves
Dec 31, 2025 → Mar 31, 2026How 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. |
|---|---|---|
| Fidelity Total Bond ETF · FBND | 29% | 0.36% |
| Fidelity SAI Total Bond Fund · FSMTX | 28% | 0.29% |
| JNL/Fidelity Institutional Asset Management Total Bond Fund | 27% | 0.49% |
Advisers
| Firm | Role |
|---|---|
| Lincoln Financial Investments Corporation | Adviser |
| FIAM LLC | Sub-adviser |
Footnotes
- Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
Machine-readable: JSON · Markdown. Programmatic access via the agent surface.