# EDGAR Filing Document

**Accession Number:** 0000914036
**File Stem:** 0001193125-23-025478
**Filing Date:** 2023-2
**Character Count:** 10805
**Document Hash:** 49900d2dd8e5393324198f1ad1d73cd0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-23-025478.hdr.sgml**: 20230206

**ACCESSION NUMBER**: 0001193125-23-025478

**CONFORMED SUBMISSION TYPE**: 497

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20230206

**DATE AS OF CHANGE**: 20230206

**EFFECTIVENESS DATE**: 20230206

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** LINCOLN VARIABLE INSURANCE PRODUCTS TRUST
- **CENTRAL INDEX KEY:** 0000914036
- **IRS NUMBER:** 521835648
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 497
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 033-70742
- **FILM NUMBER:** 23590488

**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 SSGA Large Cap 100 Fund (Series ID: S000021659)

---

|  |  |
|:---|:---|
| Class Name     | Class ID   |
| Standard Class | C000062031 |
| Service Class  | C000062032 |

---

### LVIP SSGA Small-Mid Cap 200 Fund (Series ID: S000021660)

---

|  |  |
|:---|:---|
| Class Name     | Class ID   |
| Standard Class | C000062033 |
| Service Class  | C000062034 |

---

### LVIP SSGA Developed International 150 Fund (Series ID: S000021661)

---

|  |  |
|:---|:---|
| Class Name     | Class ID   |
| Service Class  | C000062035 |
| Standard Class | C000062036 |

---

### LVIP SSGA Emerging Markets 100 Fund (Series ID: S000021662)

---

|  |  |
|:---|:---|
| Class Name     | Class ID   |
| Standard Class | C000062037 |
| Service Class  | C000062038 |

---

## Series and Classes Contracts Data

### LVIP SSGA Large Cap 100 Fund (Series ID: S000021659)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000062031 | Standard Class |  |
| C000062032 | Service Class  |  |

### LVIP SSGA Small-Mid Cap 200 Fund (Series ID: S000021660)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000062033 | Standard Class |  |
| C000062034 | Service Class  |  |

### LVIP SSGA Developed International 150 Fund (Series ID: S000021661)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000062035 | Service Class  |  |
| C000062036 | Standard Class |  |

### LVIP SSGA Emerging Markets 100 Fund (Series ID: S000021662)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000062037 | Standard Class |  |
| C000062038 | Service Class  |  |

&nbsp;&nbsp;&nbsp; **LINCOLN VARIABLE INSURANCE PRODUCTS TRUST**<br>**LVIP SSGA Developed International 150 Fund**<br> **LVIP SSGA Emerging Markets 100 Fund**<br> **LVIP SSGA Large Cap 100 Fund**<br> **LVIP SSGA Small/Mid Cap 200 Fund**<br>**Supplement Dated February 6, 2023**<br> **to the Statement of Additional Information**<br> **Dated May 1, 2022**<br>

This Supplement updates certain information in the Statement of Additional Information for the LVIP SSGA Developed International 150 Fund, LVIP SSGA Emerging Markets 100 Fund, LVIP SSGA Large Cap 100 Fund, and LVIP SSGA Small/Mid Cap 200 Fund (each a "Fund", collectively, the "Funds"). You may obtain copies of each Fund's Prospectus, Summary Prospectus, and SAI free of charge, upon request, by calling toll-free 1-800-4LINCOLN (454-6265) or at <u>www.LincolnFinancial.com/lvip</u>.

**Revisions to the Statement of Additional Information for the Funds are effective April 11, 2023.** 

**1.** **The Funds ' names are changed as noted.** All references to the Funds' names are
revised accordingly.

---

| | |
|:---|:---|
| **Current Fund Name (effective 4/11/23)** | **Former Fund Name** |
| LVIP Franklin Templeton Multi-Factor International Equity Fund | LVIP SSGA Developed International 150 Fund |
| LVIP Franklin Templeton Multi-Factor Emerging Markets Equity Fund | LVIP SSGA Emerging Markets 100 Fund |
| LVIP Franklin Templeton Multi-Factor Large Cap Equity Fund | LVIP SSGA Large Cap 100 Fund |
| LVIP Franklin Templeton Multi-Factor SMID Cap Equity Fund | LVIP SSGA Small/Mid Cap 200 Fund |

---

**2.** **The following replaces the relevant paragraphs beginning on page 61 under the *Expense Reimbursements* sub-section, in the *Investment Adviser and Sub-Advisers* section:** 

With respect to the LVIP Franklin Templeton Multi-Factor Emerging Markets Equity Fund, the Adviser has contractually agreed to waive the following portion of its advisory fee: 0.065% on the first $50 million of average daily net assets of the Fund, 0.025% on the next $50 million of average daily net assets of the Fund, and 0.005% on the next $400 million of average daily net assets of the Fund. The agreement will continue at least through April 30, 2023 and cannot be terminated before that date without the mutual agreement of the Fund's Board of Trustees and the Adviser.

With respect to the LVIP Franklin Templeton Multi-Factor International Equity Fund, the Adviser has contractually agreed to waive the following portion of its advisory fee: 0.07% on the first $50 million of average daily net assets of the Fund and 0.01% on the next $450 million of average daily net assets of the Fund. The agreement will continue at least through April 30, 2023 and cannot be terminated before that date without the mutual agreement of the Fund's Board of Trustees and the Adviser.

With respect to the LVIP Franklin Templeton Multi-Factor Large Cap Equity Fund, the Adviser has contractually agreed to waive the following portion of its advisory fee: 0.08% on the first $50 million of average daily net assets of the Fund, and 0.015% on the next $450 million of average daily net assets of the Fund. The agreement will continue at least through April 30, 2023 and cannot be terminated before that date without the mutual agreement of the Fund's Board of Trustees and the Adviser.

------

With respect to the LVIP Franklin Templeton Multi-Factor SMID Cap Equity Fund, the Adviser has contractually agreed to waive the following portion of its advisory fee: 0.065% on the first $50 million of average daily net assets of the Fund. The agreement will continue at least through April 30, 2023 and cannot be terminated before that date without the mutual agreement of the Fund's Board of Trustees and the Adviser.

**3.** **The following replaces the relevant information on page 65 in the *Sub-Advisers* sub-section, under the *Investment Adviser and Sub-Advisers* section:** 

---

| | |
|:---|:---|
| **Fund** | **Sub-Adviser** |
| LVIP Franklin Templeton Multi-Factor Emerging Markets Equity Fund | Franklin Advisers, Inc.<br> One Franklin Parkway<br> San Mateo, CA 94403 |
| LVIP Franklin Templeton Multi-Factor International Equity Fund | Franklin Advisers, Inc.<br> One Franklin Parkway<br> San Mateo, CA 94403 |
| LVIP Franklin Templeton Multi-Factor Large Cap Equity Fund | Franklin Advisers, Inc.<br> One Franklin Parkway<br> San Mateo, CA 94403 |
| LVIP Franklin Templeton Multi-Factor SMID Cap Equity Fund | Franklin Advisers, Inc.<br> One Franklin Parkway<br> San Mateo, CA 94403 |

---

Franklin Advisers, Inc., a registered investment adviser and a California corporation, is a wholly owned subsidiary of Franklin Resources, Inc., a Delaware corporation.

**4.** **The following disclosure is added at the end of the second paragraph beginning on page 71 in the sub-section *Service Marks*, under the *Investment Advisers and Sub-Advisers* section:** 

Franklin Templeton will be used with LVIP ClearBridge Franklin Select Large Cap Managed Volatility Fund, LVIP Franklin Templeton Multi-Asset Opportunities Fund, LVIP Franklin Templeton Global Equity Managed Volatility Fund, LVIP Franklin Templeton Multi-Factor Emerging Markets Equity Fund, LVIP Franklin Templeton Multi-Factor International Equity Fund, LVIP Franklin Templeton Multi-Factor Large Cap Equity Fund, and LVIP Franklin Templeton Multi-Factor SMID Cap Equity Fund.

**5.** **The following information is added to the chart beginning on page 76 in the *Other Accounts Managed* sub-section, under the *Portfolio Managers* section:** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Adviser/Sub-Adviser**<br> **Portfolio Manager(s)** | **Total<br>Number of<br>Other<br>Accounts** | **Total<br>Assets<br>(in<br>millions)<br>of Other<br>Accounts** | **Number of<br>Other<br>Accounts<br>Paying<br>Performance<br>Fees** | **Total Assets<br>(in millions)<br>of other<br>Accounts<br>Paying<br>Performance<br>Fees** |
|  **Franklin Advisers, Inc.**<br> **(As of December 31, 2022)** |  |  |  |  |
|  *Sundaram Chettiappan, Ph.D.* |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Registered Investment Companies | 15 | $4235 | 0 | $0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Pooled Investment Vehicles | 9 | $1074 | 0 | $0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Accounts | 3 | $70 | 0 | $0 |

---

------

---

| | | | |
|:---|:---|:---|:---|
|  *Christopher W. Floyd* |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Registered Investment Companies | 17 | $3115 | $0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Pooled Investment Vehicles | 9 | $682 | $0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Accounts | 10 | $339 | $0 |
|  *Joseph S. Giroux* |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Registered Investment Companies | 15 | $1866 | $0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Pooled Investment Vehicles | 8 | $572 | $0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Accounts | 5 | $40 | $0 |
|  *Jose Maldonado, CFA* |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Registered Investment Companies | 6 | $2104 | $0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Pooled Investment Vehicles | 1 | $110 | $0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Accounts | 4 | $272 | $0 |
|  *Chandrakanth Seethamraju, Ph.D.* |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Registered Investment Companies | 10 | $3758 | $0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Pooled Investment Vehicles | 7 | $1057 | $0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Accounts | 4 | $88 | $0 |

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**PLEASE KEEP THIS SUPPLEMENT WITH YOUR STATEMENT OF ADDITIONAL INFORMATION** 

**AND OTHER IMPORTANT FUND RECORDS.**