# EDGAR Filing Document

**Accession Number:** 0000914036
**File Stem:** 0001410368-25-027745
**Filing Date:** 2025-11
**Character Count:** 20795
**Document Hash:** 4ecd427dc3cc6725456e4d238d1d7449
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-027745.hdr.sgml**: 20251121

**ACCESSION NUMBER**: 0001410368-25-027745

**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:** 251504934

**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 2020 Fund (Series ID: S000016763)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000046813 | Standard Class |  |
| C000046814 | Service Class  |  |

## Nport-Ex

**LVIP T. Rowe Price 2020 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–42.78%** | **AFFILIATED INVESTMENTS–42.78%** | **AFFILIATED INVESTMENTS–42.78%** |
| **INVESTMENT COMPANIES–42.78%** | **INVESTMENT COMPANIES–42.78%** | **INVESTMENT COMPANIES–42.78%** |
| **Equity Funds–16.49%** | **Equity Funds–16.49%** | **Equity Funds–16.49%** |
| ✧✧Lincoln Variable Insurance Products Trust- | ✧✧Lincoln Variable Insurance Products Trust- |  |
| &nbsp;&nbsp;&nbsp; LVIP SSGA Mid-Cap Index <br> Fund<br>| 113853 | $1461413 |
| &nbsp;&nbsp;&nbsp; LVIP SSGA S&P 500 Index <br> Fund<br>| 397084 | 13180820 |
| &nbsp;&nbsp;&nbsp; LVIP SSGA Small-Cap Index <br> Fund<br>| 32545 | 1126707 |
|  |  | **15768940** |
| **Fixed Income Fund–19.65%** | **Fixed Income Fund–19.65%** | **Fixed Income Fund–19.65%** |
| &nbsp;&nbsp; ✧✧Lincoln Variable Insurance <br> Products Trust–<br> LVIP SSGA Bond Index <br> Fund<br>| 1815392 | 18785673 |
|  |  | **18785673** |
| **International Equity Fund–6.64%** | **International Equity Fund–6.64%** | **International Equity Fund–6.64%** |
| &nbsp;&nbsp; ✧✧Lincoln Variable Insurance <br> Products Trust–<br> LVIP SSGA International <br> Index Fund<br>| 484606 | 6347855 |
|  |  | **6347855** |
| **Total Affiliated Investments** <br>**(Cost $25,325,191)**<br>|  | **40902468** |

---

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

---

| | | |
|:---|:---|:---|
| **UNAFFILIATED INVESTMENTS–56.88%** | **UNAFFILIATED INVESTMENTS–56.88%** | **UNAFFILIATED INVESTMENTS–56.88%** |
| **INVESTMENT COMPANIES–56.88%** | **INVESTMENT COMPANIES–56.88%** | **INVESTMENT COMPANIES–56.88%** |
| **Equity Funds–22.68%** | **Equity Funds–22.68%** | **Equity Funds–22.68%** |
| &nbsp;&nbsp; \*\*T. Rowe Price Emerging <br> Markets Discovery Stock <br> Fund<br>| 80315 | 1394274 |
| &nbsp;&nbsp; \*\*T. Rowe Price Growth Stock <br> Fund<br>| 37146 | 4514711 |
| &nbsp;&nbsp; \*\*T. Rowe Price Hedged Equity <br> Fund<br>| 359585 | 4908330 |
| &nbsp;&nbsp; \*\*T. Rowe Price Mid-Cap <br> Growth Fund<br>| 8551 | 880313 |
| &nbsp;&nbsp; \*\*T. Rowe Price Mid-Cap Value <br> Fund<br>| 22480 | 749274 |
| &nbsp;&nbsp; \*\*T. Rowe Price New Horizons <br> Fund<br>| 8421 | 480409 |
| &nbsp;&nbsp; \*\*T. Rowe Price Real Assets <br> Fund<br>| 200131 | 3426240 |

---

---

| | | |
|:---|:---|:---|
|  | **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>| 13352 | $745040 |
| \*\*T. Rowe Price Value Fund | 93484 | 4585411 |
|  |  | **21684002** |
| **Fixed Income Funds–19.76%** | **Fixed Income Funds–19.76%** | **Fixed Income Funds–19.76%** |
| &nbsp;&nbsp; \*\*T. Rowe Price Dynamic Credit <br> Fund<br>| 144628 | 1290085 |
| &nbsp;&nbsp; \*\*T. Rowe Price High Yield <br> Fund<br>| 529318 | 3186495 |
| &nbsp;&nbsp; \*\*T. Rowe Price U.S. Limited <br> Duration TIPS Index Fund<br>| 1239516 | 11725823 |
| &nbsp;&nbsp; \*\*T. Rowe Price U.S. Treasury <br> Long-Term Fund<br>| 369309 | 2684872 |
|  |  | **18887275** |
| **International Equity Funds–5.52%** | **International Equity Funds–5.52%** | **International Equity Funds–5.52%** |
| &nbsp;&nbsp; \*\*T. Rowe Price Emerging <br> Markets Stock Fund<br>| 31083 | 1307978 |
| &nbsp;&nbsp; \*\*T. Rowe Price International <br> Stock Fund<br>| 66048 | 1504570 |
| &nbsp;&nbsp; \*\*T. Rowe Price International <br> Value Equity Fund<br>| 108919 | 2470290 |
|  |  | **5282838** |
| **International Fixed Income Funds–6.65%** | **International Fixed Income Funds–6.65%** | **International Fixed Income Funds–6.65%** |
| &nbsp;&nbsp; \*\*T. Rowe Price Emerging <br> Markets Bond Fund<br>| 283973 | 2737494 |
| &nbsp;&nbsp; \*\*T. Rowe Price International <br> Bond Fund<br>| 422494 | 3616549 |
|  |  | **6354043** |
| **Money Market Fund–2.27%** | **Money Market Fund–2.27%** | **Money Market Fund–2.27%** |
| &nbsp;&nbsp; State Street Institutional <br> U.S. Government Money <br> Market Fund - Premier Class <br> (seven-day effective yield <br> 4.09%)<br>| 2167597 | 2167597 |
|  |  | **2167597** |
| **Total Unaffiliated** <br> **Investments** <br>**(Cost $46,439,162)**<br>|  | **54375755** |

---

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

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

---

| | |
|:---|:---|
| **TOTAL INVESTMENTS–99.66% (Cost $71,764,353)** | **95278223** |
| **RECEIVABLES AND OTHER ASSETS NET OF LIABILITIES–0.34%** | **321328** |
| **NET ASSETS APPLICABLE TO 9,646,940 SHARES OUTSTANDING–100.00%** | **$95599551** |

---

&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 2020 Fund–1*

------

**LVIP T. Rowe Price 2020 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-42.78%**<sup>@</sup> <br>|  |  |  |  |  |  |  |  |  |
| **Equity Funds-16.49%**<sup>@</sup> <br>|  |  |  |  |  |  |  |  |  |
| ✧✧LVIP SSGA Mid-Cap Index Fund | $1640397 | $297252 | $455000 | $24220 | $(45456)<br>| $1461413 | 113853 | $— | $— |
| ✧✧LVIP SSGA S&P 500 Index Fund | 14112978 | 2891258 | 4985000 | 1821370 | (659786)<br>| 13180820 | 397084 |  |  |
| ✧✧LVIP SSGA Small-Cap Index Fund | 1302519 | 146565 | 375000 | 167384 | (114761)<br>| 1126707 | 32545 |  |  |
| **Fixed Income Fund-19.65%**<sup>@</sup> <br>|  |  |  |  |  |  |  |  |  |
| ✧✧LVIP SSGA Bond Index Fund | 19082675 | 649999 | 2025000 | (176324)<br>| 1254323 | 18785673 | 1815392 |  |  |
| **International Equity Fund-6.64%**<sup>@</sup> <br>|  |  |  |  |  |  |  |  |  |
| ✧✧LVIP SSGA International Index Fund | 6201953 | 426961 | 1725000 | 543180 | 900761 | 6347855 | 484606 | 1960 |  |
| Total | $42340522 | $4412035 | $9565000 | $2379830 | $1335081 | $40902468 |  | $1960 | $— |

---

&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 2020 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 2020 Fund

- **b. EDGAR series identifier (if any):** S000016763

- **c. LEI of Series:** 8LNO3J00LX4E2HW0WZ11

**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:** $95598466.42

**Total Liabilities:** $52672.94

**Net Assets:** $95545793.48

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000046814 | 0.38%                | 2.04%                | 1.97%                |
| Class ID C000046813 | 0.41%                | 2.06%                | 1.99%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $425952.02               | $-105063.71                                |
| Month 2  | $347343.35               | $1501956.82                                |
| Month 3  | $61184.01                | $992296.44                                 |

### 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        |     66048 | NS      | $1504570.25   | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| LVIP SSGA Bond Index Fund                                  | LVIP SSGA Bond Index Fund                                  | CUSIP: 534898663<br>LEI: X5PPJVEZIDWEFRKRER10 | Long             | EC               | RF                | US        |   1815392 | NS      | $18785673.42  | 19.66%            |  |  |  | No            |                  1 | On Loan: No      |
| T Rowe Price Hedged Equity Fund                            | T Rowe Price Hedged Equity Fund                            | CUSIP: 87283V403<br>LEI: 254900ZT332V4E7CGG26 | Long             | EC               | RF                | US        |    359585 | NS      | $4908330.28   | 5.14%             |  |  |  | No            |                  1 | On Loan: No      |
| LVIP SSGA International Index Fund                         | LVIP SSGA International Index Fund                         | CUSIP: 534898655<br>LEI: 9JGZTL6DAJQG1H1UEI15 | Long             | EC               | RF                | US        |    484606 | NS      | $6347855.15   | 6.64%             |  |  |  | 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        |     22480 | NS      | $749273.83    | 0.78%             |  |  |  | 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        |    209477 | NS      | $3586240.04   | 3.75%             |  |  |  | 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        |   2167597 | NS      | $2167597.37   | 2.27%             |  |  |  | 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        |      8551 | NS      | $880312.79    | 0.92%             |  |  |  | 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        |     32545 | NS      | $1126707.10   | 1.18%             |  |  |  | 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        |     94912 | NS      | $4655410.55   | 4.87%             |  |  |  | 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        |    108919 | NS      | $2470289.59   | 2.59%             |  |  |  | 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        |    368133 | NS      | $2676325.22   | 2.80%             |  |  |  | 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        |    113853 | NS      | $1461412.99   | 1.53%             |  |  |  | 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        |    526536 | NS      | $3169748.17   | 3.32%             |  |  |  | No            |                  1 | On Loan: No      |
| T Rowe Price Dynamic Credit Fund                           | T Rowe Price Dynamic Credit Fund                           | CUSIP: 77956H161<br>LEI: 549300WMBCO7MBYMNE44 | Long             | EC               | RF                | US        |    143861 | NS      | $1283244.34   | 1.34%             |  |  |  | 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        |     37146 | NS      | $4514710.86   | 4.73%             |  |  |  | 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        |   1237833 | NS      | $11709900.79  | 12.26%            |  |  |  | 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        |     31083 | NS      | $1307977.94   | 1.37%             |  |  |  | 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        |    397084 | NS      | $13180819.44  | 13.80%            |  |  |  | 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        |     13352 | NS      | $745040.04    | 0.78%             |  |  |  | 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        |    421356 | NS      | $3606804.47   | 3.77%             |  |  |  | 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        |     84348 | NS      | $1464273.94   | 1.53%             |  |  |  | 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        |    282607 | NS      | $2724329.44   | 2.85%             |  |  |  | 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        |      8421 | NS      | $480409.09    | 0.50%             |  |  |  | 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