# EDGAR Filing Document

**Accession Number:** 0000914036
**File Stem:** 0001193125-25-192273
**Filing Date:** 2025-8
**Character Count:** 10094
**Document Hash:** 93f91fcffc6ef02e7db506a7bb07f0b3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-192273.hdr.sgml**: 20250829

**ACCESSION NUMBER**: 0001193125-25-192273

**CONFORMED SUBMISSION TYPE**: 497K

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20250829

**DATE AS OF CHANGE**: 20250829

**EFFECTIVENESS DATE**: 20250829

**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:** 497K
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 033-70742
- **FILM NUMBER:** 251277697

**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 Franklin Templeton Multi-Factor Large Cap Equity Fund (Series ID: S000021659)

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

&nbsp;&nbsp;&nbsp; **LINCOLN VARIABLE INSURANCE PRODUCTS TRUST**<br>**LVIP Franklin Templeton Multi-Factor Emerging Markets Equity Fund<br>LVIP Franklin Templeton Multi-Factor International Equity Fund**<br> **LVIP Franklin Templeton Multi-Factor Large Cap Equity Fund**<br> **LVIP Franklin Templeton Multi-Factor SMID Cap Equity Fund**<br> **LVIP ClearBridge Franklin Select Large Cap Managed Volatility Fund**<br>**Supplement Dated August 29, 2025**<br> **to the Summary and Statutory Prospectuses dated May 1, 2025**<br>***Unless otherwise defined in this supplement, capitalized terms used in this***<br> ***supplement have the meanings assigned to them in the Summary and Statutory Prospectuses***<br>

This Supplement updates certain information in the Summary and Statutory Prospectuses for the 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, LVIP Franklin Templeton Multi-Factor SMID Cap Equity Fund, and LVIP ClearBridge Franklin Select Large Cap Managed Volatility Fund (the "Funds"). You may obtain copies of the Funds' Summary and Statutory Prospectuses free of charge, upon request, by calling toll-free 866-436-8717 or at <u>www.lincolnfinancial.com/lvip</u>.

**Effective September 30, 2025**, the Funds' **Summary** and **Statutory Prospectuses** are revised as follows:

1. All references to, and information regarding, Chandrakanth Seethamraju, Ph.D., in the Funds' **Summary** and **Statutory Prospectuses** are deleted in their entirety.

2. The following replaces the information related to Franklin Advisers, Inc. ("FAV") under  ***Portfolio Managers*** on page 4 of the LVIP Franklin Templeton Multi-Factor Emerging Markets Equity Fund's and LVIP Franklin Templeton Multi-Factor International Equity Fund's **Summary** and **Statutory Prospectuses:** 

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**FAV Portfolio Managers** | **Company Title** | **Experience with Fund** |
| &nbsp;&nbsp;&nbsp;Sundaram Chettiappan, CFA | Senior Vice President and Co-Portfolio Manager | Since April 2023 |
| &nbsp;&nbsp;&nbsp;Christopher W. Floyd, CFA | Senior Vice President and Co-Portfolio Manager | Since September 2025 |
| &nbsp;&nbsp;&nbsp;Brett Risser | Vice President and Co-Portfolio Manager | Since September 2025 |

---

3. The following replaces the information related to Franklin Advisers, Inc. ("FAV") under  ***Portfolio Managers*** on page 4 of the LVIP Franklin Templeton Multi-Factor Large Cap Equity Fund's **Summary and Statutory Prospectuses**:

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**FAV Portfolio Managers** | **Company Title** | **Experience with Fund** |
| &nbsp;&nbsp;&nbsp;Sundaram Chettiappan, CFA | Senior Vice President and Co-Portfolio Manager | Since April 2023 |
| &nbsp;&nbsp;&nbsp;Jose Maldonado, CFA | Vice President and Portfolio Manager | Since April 2023 |
| &nbsp;&nbsp;&nbsp;Christopher W. Floyd, CFA | Senior Vice President and Co-Portfolio Manager | Since September 2025 |
| &nbsp;&nbsp;&nbsp;Brett Risser | Vice President and Co-Portfolio Manager | Since September 2025 |

---

4. The following replaces the information related to Franklin Advisers, Inc. ("FAV") under  ***Portfolio Managers*** on page 4 of the LVIP Franklin Templeton Multi-Factor SMID Cap Equity Fund's **Summary and Statutory Prospectuses**:

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**FAV Portfolio Managers** | **Company Title** | **Experience with Fund** |
| &nbsp;&nbsp;&nbsp;Sundaram Chettiappan, CFA | Senior Vice President and Co-Portfolio Manager | Since April 2023 |
| &nbsp;&nbsp;&nbsp;Christopher W. Floyd, CFA | Senior Vice President and Co-Portfolio Manager | Since September 2025 |
| &nbsp;&nbsp;&nbsp;Brett Risser | Vice President and Co-Portfolio Manager | Since September 2025 |

---

------

5. The following replaces the information related to Franklin Advisers, Inc. ("FAV") under  ***Portfolio Managers*** on pages 6 and 5, respectively, of the LVIP ClearBridge Franklin Select Large Cap Managed Volatility Fund's **Summary and Statutory Prospectuses**:

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**FAV Portfolio Managers** | **Company Title** | **Experience with Fund** |
| &nbsp;&nbsp;&nbsp;Sundaram Chettiappan, CFA | Senior Vice President and Co-Portfolio Manager | Since April 2023 |
| &nbsp;&nbsp;&nbsp;Christopher W. Floyd, CFA | Senior Vice President and Co-Portfolio Manager | Since September 2025 |
| &nbsp;&nbsp;&nbsp;Brett Risser | Vice President and Co-Portfolio Manager | Since September 2025 |

---

6. The first sentence under the information under  ***Management and Organization — FAV Portfolio Managers*** ,
of the LVIP Franklin Templeton Multi-Factor Emerging Markets Equity Fund's and LVIP Franklin Templeton Multi-Factor International Equity Fund's Statutory Prospectuses is deleted and replaced with the following:

Sundaram Chettiappan, Christopher W. Floyd, and Brett Risser are responsible for the day-to-day management of the Fund's assets.

7. The first sentence under the information under  ***Management and Organization — FAV Portfolio Managers*** ,
of the LVIP Franklin Templeton Multi-Factor Large Cap Equity Fund's Statutory Prospectuses is deleted and replaced with the following:

Sundaram Chettiappan, Jose Maldonado, Christopher W. Floyd, and Brett Risser are responsible for the day-to-day management of the Fund's assets.

8. The first sentence under the information under  ***Management and Organization — FAV Portfolio Managers*** ,
of the LVIP Franklin Templeton Multi-Factor SMID Cap Equity Fund's and LVIP ClearBridge Franklin Select Large Cap Managed Volatility Fund's Statutory Prospectuses is deleted and replaced with the following:

Sundaram Chettiappan, Christopher W. Floyd, and Brett Risser are responsible for the day-to-day management of the portion of the Fund's assets allocated to FAV.

9. The following supplements the information under  ***Management and Organization — FAV Portfolio Managers*** ,
of the LVIP Franklin Templeton Multi-Factor Emerging Markets Equity Fund's, LVIP Franklin Templeton Multi-Factor International Equity Fund's, and LVIP Franklin Templeton Multi-Factor Large Cap Equity Fund's **Statutory Prospectuses**:

**Christopher W. Floyd, CFA**, is a Senior Vice President and Portfolio Manager for Franklin Templeton Investment Solutions. He is the Lead Portfolio Manager for the International large-cap and small-cap active factor equity strategies and serves as Co-Portfolio Manager for the Global and US active factor equity strategies. Previously, Mr. Floyd served as a Developed Markets Senior Portfolio Manager at Batterymarch Financial Management, which merged with QS Investors in 2014. Mr. Floyd holds a Bachelor of Arts in Economics from Dartmouth College and an MBA from Cornell University. He also holds the Chartered Financial Analyst (CFA) designation.

**Brett Risser**, is a Vice President and Portfolio Manager for Franklin Templeton Investment Solutions ("FTIS"). Mr. Risser joined FTIS in 2024. Prior to joining FTIS, Mr. Risser spent nearly two decades at Putnam Investments ("Putnam"), where he served as a portfolio manager in the Global Asset Allocation (GAA) group. Prior to joining Putnam, Mr. Risser worked at State Street Research & Management Company, where he served as an equity research associate and a quantitative research associate. Mr. Risser holds a Bachelor of Science degree in computer information systems from Suffolk University.

------

10. The following supplements the information under  ***Management and Organization — FAV Portfolio Managers*** ,
of the LVIP Franklin Templeton Multi-Factor SMID Cap Equity Fund's, and LVIP ClearBridge Franklin Select Large Cap Managed Volatility Fund's **Statutory Prospectuses**:

**Brett Risser**, is a Vice President and Portfolio Manager for Franklin Templeton Investment Solutions ("FTIS"). Mr. Risser joined FTIS in 2023. Prior to joining FTIS, Mr. Risser spent nearly two decades at Putnam Investments ("Putnam"), where he served as a portfolio manager in the Global Asset Allocation (GAA) group. Prior to joining Putnam, Mr. Risser worked at State Street Research & Management Company, where he served as an equity research associate and a quantitative research associate. Mr. Risser holds a Bachelor of Science degree in computer information systems from Suffolk University.

**PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE**