# EDGAR Filing Document

**Accession Number:** 0000914036
**File Stem:** 0001410368-25-027784
**Filing Date:** 2025-11
**Character Count:** 19930
**Document Hash:** fc10bd7ba3eba3b3c2ae0871cee33a6f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-027784.hdr.sgml**: 20251121

**ACCESSION NUMBER**: 0001410368-25-027784

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251121

**DATE AS OF CHANGE**: 20251121

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** LINCOLN VARIABLE INSURANCE PRODUCTS TRUST
- **CENTRAL INDEX KEY:** 0000914036

**ORGANIZATION NAME:**
- **EIN:** 521835648
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08090
- **FILM NUMBER:** 251504974

**BUSINESS ADDRESS:**
- **STREET 1:** 1301 SOUTH HARRISON STREET
- **CITY:** FORT WAYNE
- **STATE:** IN
- **ZIP:** 46802
- **BUSINESS PHONE:** 260-455-2000

**MAIL ADDRESS:**
- **STREET 1:** 1301 SOUTH HARRISON STREET
- **CITY:** FORT WAYNE
- **STATE:** IN
- **ZIP:** 46802

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AGGRESSIVE GROWTH FUND /
- **DATE OF NAME CHANGE:** 20031001

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** LINCOLN VARIABLE INSURANCE PRODUCTS TRUST
- **DATE OF NAME CHANGE:** 20030910

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** LINCOLN NATIONAL AGGRESSIVE GROWTH FUND INC
- **DATE OF NAME CHANGE:** 19931025

## Series and Classes Contracts Data

### LVIP T. Rowe Price 2040 Fund (Series ID: S000016765)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000046817 | Service Class  |  |
| C000046818 | Standard Class |  |

## Nport-Ex

**LVIP T. Rowe Price 2040 Fund**

**Schedule of Investments**

September 30, 2025 (unaudited)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | **Number of** <br>**Shares**<br>| **Value** <br>**(U.S. $)**<br>|
| **AFFILIATED INVESTMENTS–50.64%** | **AFFILIATED INVESTMENTS–50.64%** | **AFFILIATED INVESTMENTS–50.64%** |
| **INVESTMENT COMPANIES–50.64%** | **INVESTMENT COMPANIES–50.64%** | **INVESTMENT COMPANIES–50.64%** |
| **Equity Funds–32.13%** | **Equity Funds–32.13%** | **Equity Funds–32.13%** |
| ✧✧Lincoln Variable Insurance Products Trust- | ✧✧Lincoln Variable Insurance Products Trust- |  |
| &nbsp;&nbsp;&nbsp; LVIP SSGA Mid-Cap Index <br> Fund<br>| 474649 | $6092595 |
| &nbsp;&nbsp;&nbsp; LVIP SSGA S&P 500 Index <br> Fund<br>| 1608252 | 53384334 |
| &nbsp;&nbsp;&nbsp; LVIP SSGA Small-Cap Index <br> Fund<br>| 131004 | 4535346 |
|  |  | **64012275** |
| **Fixed Income Fund–5.88%** | **Fixed Income Fund–5.88%** | **Fixed Income Fund–5.88%** |
| &nbsp;&nbsp; ✧✧Lincoln Variable Insurance <br> Products Trust–<br> LVIP SSGA Bond Index <br> Fund<br>| 1131488 | 11708631 |
|  |  | **11708631** |
| **International Equity Fund–12.63%** | **International Equity Fund–12.63%** | **International Equity Fund–12.63%** |
| &nbsp;&nbsp; ✧✧Lincoln Variable Insurance <br> Products Trust–<br> LVIP SSGA International <br> Index Fund<br>| 1920575 | 25157616 |
|  |  | **25157616** |
| **Total Affiliated Investments** <br>**(Cost $46,054,797)**<br>|  | **100878522** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **UNAFFILIATED INVESTMENTS–49.58%** | **UNAFFILIATED INVESTMENTS–49.58%** | **UNAFFILIATED INVESTMENTS–49.58%** |
| **INVESTMENT COMPANIES–49.58%** | **INVESTMENT COMPANIES–49.58%** | **INVESTMENT COMPANIES–49.58%** |
| **Equity Funds–31.84%** | **Equity Funds–31.84%** | **Equity Funds–31.84%** |
| &nbsp;&nbsp; \*\*T. Rowe Price Emerging <br> Markets Discovery Stock <br> Fund<br>| 314462 | 5459067 |
| &nbsp;&nbsp; \*\*T. Rowe Price Growth Stock <br> Fund<br>| 146087 | 17755411 |
| &nbsp;&nbsp; \*\*T. Rowe Price Mid-Cap <br> Growth Fund<br>| 30526 | 3142649 |
| &nbsp;&nbsp; \*\*T. Rowe Price Mid-Cap Value <br> Fund<br>| 81322 | 2710455 |
| &nbsp;&nbsp; \*\*T. Rowe Price New Horizons <br> Fund<br>| 31600 | 1802799 |
| &nbsp;&nbsp; \*\*T. Rowe Price Real Assets <br> Fund<br>| 707595 | 12114024 |

---

---

| | | |
|:---|:---|:---|
|  | **Number of**<br> **Shares**<br>| **Value**<br> **(U.S. $)**<br>|
| **UNAFFILIATED INVESTMENTS (continued)** | **UNAFFILIATED INVESTMENTS (continued)** | **UNAFFILIATED INVESTMENTS (continued)** |
| **INVESTMENT COMPANIES (continued)** | **INVESTMENT COMPANIES (continued)** | **INVESTMENT COMPANIES (continued)** |
| **Equity Funds (continued)** | **Equity Funds (continued)** | **Equity Funds (continued)** |
| &nbsp;&nbsp; \*\*T. Rowe Price Small-Cap <br> Value Fund<br>| 47044 | $2625051 |
| \*\*T. Rowe Price Value Fund | 363226 | 17816227 |
|  |  | **63425683** |
| **Fixed Income Funds–2.87%** | **Fixed Income Funds–2.87%** | **Fixed Income Funds–2.87%** |
| &nbsp;&nbsp; \*\*T. Rowe Price High Yield <br> Fund<br>| 239623 | 1442533 |
| &nbsp;&nbsp; \*\*T. Rowe Price U.S. Limited <br> Duration TIPS Index Fund<br>| 94337 | 892424 |
| &nbsp;&nbsp; \*\*T. Rowe Price U.S. Treasury <br> Long-Term Fund<br>| 464627 | 3377835 |
|  |  | **5712792** |
| **International Equity Funds–10.40%** | **International Equity Funds–10.40%** | **International Equity Funds–10.40%** |
| &nbsp;&nbsp; \*\*T. Rowe Price Emerging <br> Markets Stock Fund<br>| 119304 | 5020304 |
| &nbsp;&nbsp; \*\*T. Rowe Price International <br> Stock Fund<br>| 259286 | 5906537 |
| &nbsp;&nbsp; \*\*T. Rowe Price International <br> Value Equity Fund<br>| 431712 | 9791236 |
|  |  | **20718077** |
| **International Fixed Income Funds–1.62%** | **International Fixed Income Funds–1.62%** | **International Fixed Income Funds–1.62%** |
| &nbsp;&nbsp; \*\*T. Rowe Price Emerging <br> Markets Bond Fund<br>| 112364 | 1083192 |
| &nbsp;&nbsp; \*\*T. Rowe Price International <br> Bond Fund<br>| 250543 | 2144646 |
|  |  | **3227838** |
| **Money Market Fund–2.85%** | **Money Market Fund–2.85%** | **Money Market Fund–2.85%** |
| &nbsp;&nbsp; State Street Institutional <br> U.S. Government Money <br> Market Fund - Premier Class <br> (seven-day effective yield <br> 4.09%)<br>| 5665365 | 5665365 |
|  |  | **5665365** |
| **Total Unaffiliated** <br> **Investments** <br>**(Cost $78,899,986)**<br>|  | **98749755** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **TOTAL INVESTMENTS–100.22% (Cost $124,954,783)** | **199628277** |
| **LIABILITIES NET OF RECEIVABLES AND OTHER ASSETS–(0.22%)** | **(430650)**<br>|
| **NET ASSETS APPLICABLE TO 14,498,753 SHARES OUTSTANDING–100.00%** | **$199197627** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

------

✧✧Standard Class shares. <br> \*\*Institutional Class shares.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| |
|:---|
| **Summary of Abbreviations:** |
| S&P–Standard & Poor's |
| TIPS–Treasury Inflation-Protected Securities |

---

See accompanying notes.

*LVIP T. Rowe Price 2040 Fund–1*

------

**LVIP T. Rowe Price 2040 Fund**

**Notes**

September 30, 2025 (unaudited)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**1. Transactions with Affiliates**

Affiliated investments, for purposes of the Investment Company Act of 1940, are investments that have a common investment adviser, Lincoln Financial Investments Corporation ("LFI") (LVIP Funds), or investments in issuers whereby the Fund held 5% or more of the issuers' outstanding securities (non-LVIP Funds). Affiliated investments of the Fund and the corresponding investment activity for the period ended September 30, 2025, were as follows:

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Value**<br> **12/31/24**<br>| **Purchases** | **Sales** | **Net**<br> **Realized**<br> **Gain (Loss)**<br>| **Net Change**<br> **in**<br> **Unrealized**<br> **Appreciation**<br> **(Depreciation)**<br>| **Value**<br> **09/30/25**<br>| **Number of**<br> **Shares**<br> **09/30/25**<br>| **Dividends** | **Capital**<br> **Gain**<br> **Distributions**<br>|
| **INVESTMENT COMPANIES-50.64%**<sup>@</sup> <br>|  |  |  |  |  |  |  |  |  |
| **Equity Funds-32.13%**<sup>@</sup> <br>|  |  |  |  |  |  |  |  |  |
| ✧✧LVIP SSGA Mid-Cap Index Fund | $5786876 | $1205441 | $800000 | $(7633)<br>| $(92089)<br>| $6092595 | 474649 | $— | $— |
| ✧✧LVIP SSGA S&P 500 Index Fund | 48643207 | 5260675 | 4830000 | 87934 | 4222518 | 53384334 | 1608252 |  |  |
| ✧✧LVIP SSGA Small-Cap Index Fund | 4434836 | 387438 | 500000 | 18510 | 194562 | 4535346 | 131004 |  |  |
| **Fixed Income Fund-5.88%**<sup>@</sup> <br>|  |  |  |  |  |  |  |  |  |
| ✧✧LVIP SSGA Bond Index Fund | 10189094 | 1140000 | 225001 | (18327)<br>| 622865 | 11708631 | 1131488 |  |  |
| **International Equity Fund-12.63%**<sup>@</sup> <br>|  |  |  |  |  |  |  |  |  |
| ✧✧LVIP SSGA International Index Fund | 21407208 | 1057770 | 2470000 | 154381 | 5008257 | 25157616 | 1920575 | 7770 |  |
| Total | $90461221 | $9051324 | $8825001 | $234865 | $9956113 | $100878522 |  | $7770 | $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

------

---

| |
|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; <sup>@</sup> As a percentage of Net Assets as of September 30, 2025. |
| &nbsp;&nbsp; <sup>✧✧</sup> Standard Class shares. |

---

*LVIP T. Rowe Price 2040 Fund–2*

------

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** LINCOLN VARIABLE INSURANCE PRODUCTS TRUST

- **b. Investment Company Act file number:** 811-08090

- **c. CIK number of Registrant:** 0000914036

- **d. LEI of Registrant:** 3EICVM5HD7FVBIM8WO57

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 1301 S. Harrison Street

  - **City:** FORT WAYNE

  - **State:** IN

  - **Foreign country:** US

  - **Zip / Postal Code:** 46802

  - **Telephone number:** 260-455-2000

**Item A.2. Information about the Series.**

- **a. Name of Series:** LVIP T. Rowe Price 2040 Fund

- **b. EDGAR series identifier (if any):** S000016765

- **c. LEI of Series:** ZLU707VXE4Y7FNJBTI08

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-09-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $199651914.93

**Total Liabilities:** $77932.94

**Net Assets:** $199573981.99

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000046818 | 0.58%                | 2.85%                | 2.88%                |
| Class ID C000046817 | 0.56%                | 2.83%                | 2.86%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $56768.35                | $1015055.27                                |
| Month 2  | $45723.21                | $5190559.19                                |
| Month 3  | $590.21                  | $2495452.31                                |

### Schedule of Portfolio Investments

| Name                                                       | Title                                                      | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| T Rowe Price International Stock Fund                      | T Rowe Price International Stock Fund                      | CUSIP: 77956H526<br>LEI: DIXEPQW5DPUCAUYFLI61 | Long             | EC               | RF                | US        |    259286 | NS      | $5906536.97   | 2.96%             |  |  |  | No            |                  1 | On Loan: No      |
| LVIP SSGA Bond Index Fund                                  | LVIP SSGA Bond Index Fund                                  | CUSIP: 534898663<br>LEI: X5PPJVEZIDWEFRKRER10 | Long             | EC               | RF                | US        |   1131487 | NS      | $11708631.36  | 5.87%             |  |  |  | No            |                  1 | On Loan: No      |
| LVIP SSGA International Index Fund                         | LVIP SSGA International Index Fund                         | CUSIP: 534898655<br>LEI: 9JGZTL6DAJQG1H1UEI15 | Long             | EC               | RF                | US        |   1920575 | NS      | $25157615.96  | 12.61%            |  |  |  | No            |                  1 | On Loan: No      |
| T Rowe Price Mid-Cap Value Fund Inc                        | T Rowe Price Mid-Cap Value Fund Inc                        | CUSIP: 77957Y403<br>LEI: VTYZMD0S9U3JRH8LCB93 | Long             | EC               | RF                | US        |     81322 | NS      | $2710454.43   | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| T Rowe Price Real Assets Fund Inc                          | T Rowe Price Real Assets Fund Inc                          | CUSIP: 87279W209<br>LEI: 5493008NLR7XEV5QEO07 | Long             | EC               | RF                | US        |    707595 | NS      | $12114023.54  | 6.07%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Institutional US Government Money Market Fund | State Street Institutional US Government Money Market Fund | CUSIP: 857492706<br>LEI: 549300BZ5TGIFZUZDZ37 | Long             | STIV             | RF                | US        |   5665365 | NS      | $5665365.07   | 2.84%             |  |  |  | No            |                  1 | On Loan: No      |
| T Rowe Price Mid-Cap Growth Fund Inc                       | T Rowe Price Mid-Cap Growth Fund Inc                       | CUSIP: 779556406<br>LEI: 80RXPO345YBHPM0J9835 | Long             | EC               | RF                | US        |     30526 | NS      | $3142648.71   | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| LVIP SSGA Small-Cap Index Fund                             | LVIP SSGA Small-Cap Index Fund                             | CUSIP: 474903101<br>LEI: XOQF2PFRA3OF885Z6D59 | Long             | EC               | RF                | US        |    131004 | NS      | $4535346.19   | 2.27%             |  |  |  | No            |                  1 | On Loan: No      |
| T Rowe Price Value Fund Inc                                | T Rowe Price Value Fund Inc                                | CUSIP: 779578301<br>LEI: TLDUHX6EEOQ43DDR8861 | Long             | EC               | RF                | US        |    363226 | NS      | $17816227.06  | 8.93%             |  |  |  | No            |                  1 | On Loan: No      |
| T Rowe Price International Value Equity Fund               | T Rowe Price International Value Equity Fund               | CUSIP: 77956H518<br>LEI: 97KIE6QHONOYE0TN8681 | Long             | EC               | RF                | US        |    431712 | NS      | $9791236.12   | 4.91%             |  |  |  | No            |                  1 | On Loan: No      |
| T Rowe Price US Treasury Long-Term Index Fund              | T Rowe Price US Treasury Long-Term Index Fund              | CUSIP: 77957T503<br>LEI: 81MQEQSHGI5PN6BWN277 | Long             | EC               | RF                | US        |    463148 | NS      | $3367082.93   | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| LVIP SSGA Mid-Cap Index Fund                               | LVIP SSGA Mid-Cap Index Fund                               | CUSIP: 535000764<br>LEI: 549300YYWU78MNJNW746 | Long             | EC               | RF                | US        |    474649 | NS      | $6092594.85   | 3.05%             |  |  |  | No            |                  1 | On Loan: No      |
| T Rowe Price High Yield Fund Inc                           | T Rowe Price High Yield Fund Inc                           | CUSIP: 741481303<br>LEI: 2F9VPFCSWR3EU5WBPH73 | Long             | EC               | RF                | US        |    238364 | NS      | $1434951.86   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| T Rowe Price Growth Stock Fund Inc                         | T Rowe Price Growth Stock Fund Inc                         | CUSIP: 741479406<br>LEI: 549300OJ8IWU7COPZY12 | Long             | EC               | RF                | US        |    146087 | NS      | $17755411.18  | 8.90%             |  |  |  | No            |                  1 | On Loan: No      |
| T Rowe Price US Ltd Duration TIPS Index Fund               | T Rowe Price US Ltd Duration TIPS Index Fund               | CUSIP: 87283F606<br>LEI: 549300H9945456GGYS20 | Long             | EC               | RF                | US        |     94208 | NS      | $891211.81    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| T Rowe Price Emerging Markets Stock Fund                   | T Rowe Price Emerging Markets Stock Fund                   | CUSIP: 77956H484<br>LEI: IMG3L58DUY918PK2SP65 | Long             | EC               | RF                | US        |    119304 | NS      | $5020303.48   | 2.52%             |  |  |  | No            |                  1 | On Loan: No      |
| LVIP SSGA S&P 500 Index Fund                               | LVIP SSGA S&P 500 Index Fund                               | CUSIP: 474903853<br>LEI: HZ6M8PNJZPCVFNAKW534 | Long             | EC               | RF                | US        |   1608253 | NS      | $53384333.95  | 26.75%            |  |  |  | No            |                  1 | On Loan: No      |
| T Rowe Price Small-Cap Value Fund Inc                      | T Rowe Price Small-Cap Value Fund Inc                      | CUSIP: 77957Q301<br>LEI: ZPMK6UBY3Q3LBDC3GP51 | Long             | EC               | RF                | US        |     47044 | NS      | $2625051.29   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| T Rowe Price International Bond Fund - USD Hedged          | T Rowe Price International Bond Fund - USD Hedged          | CUSIP: 77956H195<br>LEI: 549300A3CV9FBEEC1242 | Long             | EC               | RF                | US        |    249868 | NS      | $2138867.87   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| T Rowe Price Emerging Markets Discovery Stock Fund         | T Rowe Price Emerging Markets Discovery Stock Fund         | CUSIP: 77956H237<br>LEI: 549300O1OJ5I2F2FBD73 | Long             | EC               | RF                | US        |    314462 | NS      | $5459067.18   | 2.74%             |  |  |  | No            |                  1 | On Loan: No      |
| T Rowe Price Emerging Markets Bond Fund                    | T Rowe Price Emerging Markets Bond Fund                    | CUSIP: 77956H534<br>LEI: 515326IHLDOILEO6ED43 | Long             | EC               | RF                | US        |    111824 | NS      | $1077982.66   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| T Rowe Price New Horizons Fund Inc                         | T Rowe Price New Horizons Fund Inc                         | CUSIP: 779562206<br>LEI: E0J2ATABWUU4WO6I2K88 | Long             | EC               | RF                | US        |     31600 | NS      | $1802799.28   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-27

**Name of Applicant:** LINCOLN VARIABLE INSURANCE PRODUCTS TRUST

**Signature:** James Hoffmayer

**Name of Signer:** James Hoffmayer

**Title:** VP