Morningstar® Investment Profile™   Morningstar®
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LVIP JPMorgan Core Bond Standard
Release date as of 2024-03-31. Data on page is subject to change.
Snapshot Ratings & Risk Portfolio Nuts & Bolts
  Morningstar Report
Overall Morningstar
Rating™
What is this?
As of 2024-03-31
Out of 426
Intermediate Core Bond Funds
Morningstar®
Style Box™
What is this?
As of 2023-09-30
Total Fund Assets ($ Mil)
2,218.98
View Historical Morningstar Star Ratings and Definitions
  Investment Objective & Strategy  
The investment seeks to maximize total return by investing primarily in a diversified portfolio of intermediate- and long-term debt securities.
The fund invests in a portfolio of investment grade intermediate- and long-term debt securities. It invests at least 80% of its net assets in bonds. The fund's average weighted maturity will ordinarily range between 4 and 12 years. The adviser may invest a significant portion or all of its assets in mortgage-related and mortgage-backed securities. The adviser expects to invest no more than 10% of its assets in "sub-prime" mortgage-related securities at the time of purchase.
  Morningstar Category: Intermediate Core Bond
Intermediate-term core bond portfolios invest primarily in investment-grade U.S. fixed-income issues including government, corporate, and securitized debt, and hold less than 5% in below-investment-grade exposures. Their durations (a measure of interest-rate sensitivity) typically range between 75% and 125% of the three-year average of the effective duration of the Morningstar Core Bond Index. 
  Investment Risks
There are no additional fund specific investment risks (e.g. liquidity risk, currency risk, foreign investment risk, etc.) associated with this fund beyond the normal risks generally associated with investing in a mutual fund.
  Portfolio Profile
Asset Allocation
% of Net Assets
Bullet U.S. Stocks U.S. Stocks 0.0
Bullet Non-U.S. Stocks Non-U.S. Stocks 0.0
Bullet Bonds Bonds 99.6
Bullet Cash Cash 0.4
Bullet Other Other 0.0
Asset Allocation Rescaled Graph
Data through 2024-03-31
Morningstar Fixed-Income Sectors
% Fund
Government 27.96
Corporate 26.10
Securitized 45.53
Municipal 0.02
Cash & Equivalents 0.39
Derivative 0.00
Data through 2024-03-31
Credit Analysis
% Bonds
AAA 28.46
AA 35.63
A 15.55
BBB 18.55
BB 0.53
B 0.16
Below B 0.09
Not Rated 1.03
Data through 2023-09-30
Credit Analysis Graph
Holding Status
Total Number of Stock Holdings 0
Total Number of Bond Holdings 2912
% of Net Assets in Top 10 Holdings 20.14
Turnover % (as of 2023-12-31) 48.00
30 Day SEC Yield % 3.63
Top Holdings
Maturity
Date 		Shares
 Value
$000 		% of Net
Assets
United States Treasury Notes 2.88% 2028-08-15 188,850 178,330 8.05
United States Treasury Notes 0.88% 2030-11-15 101,570 82,212 3.71
United States Treasury Notes 3.38% 2033-05-15 39,940 37,416 1.69
United States Treasury Bonds 3.88% 2043-05-15 35,110 32,404 1.46
United States Treasury Notes 4.88% 2030-10-31 24,170 25,049 1.13
United States Treasury Notes 4.5% 2033-11-15 22,200 22,693 1.02
United States Treasury Notes 0.5% 2026-02-28 23,300 21,535 0.97
United States Treasury Bonds 3.63% 2053-05-15 18,160 15,955 0.72
United States Treasury Bonds 1.88% 2051-02-15 26,124 15,738 0.71
United States Treasury Notes 1.13% 2033-01-15 16,066 15,067 0.68
Data through 2024-03-31
  Principal Risks   
Credit and Counterparty, Prepayment (Call), Foreign Securities, Loss of Money, Not FDIC Insured, Country or Region, Interest Rate, Market/Market Volatility, Industry and Sector Investing, Inverse Floaters, Mortgage-Backed and Asset-Backed Securities, Restricted/Illiquid Securities, U.S. Government Obligations, Socially Conscious, Shareholder Activity, Zero-Coupon Bond
Show Risk Definitions
  Other Information
Inception Date: 1997-05-01
Portfolio Manager(s)
Edward Fitzpatrick   (2023-05-31)
Edward Fitpatrick III, Managing Director, is a member of the Global Fixed Income, Currency & Commodities (GFICC) group. Based in New York, Ed is the Head of U.S. Rates Team, responsible for managing government bond portfolios for institutional clients as well as recommending U.S. rates & derivatives strategies across GFICC portfolios. Prior to joining the firm in 2013, Ed was the head of U.S. Short-Intermediate Fixed income and government specialist at Schroders Investment Management NA. Previously, he spent six years as a repo and FX trade at subsidiary of The Bank of New York. Ed holds B.S. degrees in finance and information technology from Boston College, an M.B.A. in finance from New York University and is a CFA charterholder.
Richard D. Figuly   (2016-03-30)
Richard Figuly, Managing Director, is a member of the Global Fixed Income, Currency & Commodities (GFICC) group. Based in Columbus, Rick is a portfolio manager for the U.S. Value Driven team and is responsible for managing institutional taxable bond portfolios. An employee since 1993, Rick previously served as a fixed income trader trading all taxable fixed income securities while specializing in structured products. Prior to joining the firm, Rick was a fiduciary tax accountant at the Bank One Ohio Trust Company. Rick is also a retired Major of the Ohio Army National Guard. He holds a B.S. in finance from The Ohio State University.
Andrew Melchiorre   (2023-05-31)
Andy Melchiorre, Managing director, is a member of the Global Fixed Income, Currency & Commodities (GFICC) group. Based in Columbus, Andy is a portfolio manager on the Core Bond strategy and is responsible for managing institutional taxable bond portfolios and fund vehicles. Before joining the firm in 2012, he worked at Wells Capital Management in structured products, focused on trading and portfolio management. Prior to this, he worked as an analyst for Summit Investment Partners covering all structured products. Andy holds a B.S. in finance and real estate & urban analysis from The Ohio State University and is a CFA charterholder..
Justin Rucker   (2019-03-27)
Executive Director of JPMorgan since 2013, Portfolio Manager of the JPMorgan core bond fund since 2019, Member of GFICC and a portfolio manager responsible for managing other JPMorgan institutional taxable bond portfolios since 2006. He began his investment career in 1999 and has a BS from the University of Dayton, and an MBA from Capital University.
Steven S. Lear   (2021-01-06)
Mr. Lear is the U.S. Chief Investment Officer within the GFICC group. An employee since 2008. Mr. Lear is responsible for overseeing fixed income investment strategies in the U.S., including core plus, insurance, liability-driven investing and stable value.
Investment Advisor(s)
Lincoln Financial Investments Corporation
Issuer
Lincoln National
Subadvisor(s)
J.P. Morgan Investment Management, Inc.
Show Data Definitions

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