LVIP American Century Capital Appreciation Fund
LINCOLN VARIABLE INSURANCE PRODUCTS TRUST
Expense ratio
Net assets1
$421.33M
Holdings1
83
Category
US Equity
Return

Investment objective & strategy

As of April 30, 2025 · prospectus

Objective. This Fund seeks capital growth.

Strategy. American Century Investment Management, Inc. (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 Sub-Adviser looks for stocks, which includes common stock and may include preferred stock or other types of stocks, of medium-sized companies it believes will increase in value over time, using the Funds investment strategy. In implementing this strategy, the Sub-Adviser makes its investment decisions based primarily on its analysis of individual companies, rather than on broad economic forecasts. Management of the Fund is based on the belief that securities of issuers in a growing industry can sustain above average earnings growth. Under normal market conditions, the Funds portfolio will primarily consist of securities of companies … American Century Investment Management, Inc. (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 Sub-Adviser looks for stocks, which includes common stock and may include preferred stock or other types of stocks, of medium-sized companies it believes will increase in value over time, using the Funds investment strategy. In implementing this strategy, the Sub-Adviser makes its investment decisions based primarily on its analysis of individual companies, rather than on broad economic forecasts. Management of the Fund is based on the belief that securities of issuers in a growing industry can sustain above average earnings growth. Under normal market conditions, the Funds portfolio will primarily consist of securities of companies with attractive returns on invested capital that are demonstrating business improvement. Analytical indicators helping to identify signs of business improvement may include accelerating earnings or revenue growth rates, increasing cash flows, or other indications of the relative strength of a companys business. These techniques help the Sub-Adviser make decisions about buying or holding the stocks of companies it believes have favorable growth prospects and selling the stocks of companies whose characteristics no longer meet the Sub-Adviser's criteria. The Fund will usually purchase common stocks of companies that are medium-sized at the time of purchase, but it will purchase securities of smaller- and larger-sized companies as well. Also, although the Sub-Adviser intends to invest the Funds assets primarily in U.S. securities, the Fund may invest in securities of foreign companies when these securities meet the Sub-Advisers standards of selection. The Sub-Adviser does not intend to concentrate weight in particular sectors.

Top holdings

As of March 31, 2026 · N-PORT
SecurityTickerValue% of fund
HILTON WORLDWIDE HOLDINGS INC $18.32M 4.35%
HOWMET AEROSPACE INC $17.11M 4.06%
VERTIV HOLDINGS CO $16.06M 3.81%
ROYAL CARIBBEAN CRUISES LTD $13.19M 3.13%
CLOUDFLARE INC-A $12.27M 2.91%
QUANTA SVCS INC $11.27M 2.68%
ALNYLAM PHARMACEUTICALS INC $9.78M 2.32%
MONOLITHIC POWER SYS INC $9.68M 2.30%
TARGA RESOURCES CORP $9.47M 2.25%
State Street Navigator Securities Lending Portfolio II GVMXX $9.33M 2.22%
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Allocation by sector

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

Portfolio moves

Dec 31, 2025 → Mar 31, 2026
Opened
8
Exited
11
Increased
22
Decreased
43
Unchanged
10

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.
Heritage Fund · TWHIX, ATHAX, ATHIX, AHGCX, ATHWX, ATHDX, ATHGX, ATHYX, ACILX 73% 0.00%
Mid Cap Growth Portfolio 54% 0.90%
Neuberger Berman Mid Cap Growth Fund · NMANX, NBMTX, NBMBX, NBMLX, NMGAX, NMGCX, NMGRX, NRMGX 52% 0.58%
View all similar funds →

Advisers

As of December 31, 2025 · N-CEN
FirmRole
American Century Investment Management, Inc. Sub-adviser
Lincoln Financial Investments Corporation Adviser

Footnotes

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

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