Symetra

Morningstar® Investment Profile™

LVIP Macquarie SMID Cap Core Fund Std

Release date as of 2024-10-31. Data on page is subject to change.


	Snapshot		Ratings & Risk		Portfolio		Nuts & Bolts

Morningstar Report

Overall Morningstar Rating™
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As of 2024-10-31

Out of 569 Small Blend Funds

Morningstar®
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As of 2024-09-30

Total Fund Assets ($ Mil)
655.52

View Historical Morningstar Star Ratings and Definitions

Investment Objective & Strategy

The investment seeks long-term capital appreciation.

The fund invests primarily in stocks of small-and mid-capitalization companies that its manager believes have a combination of attractive valuations, growth prospects, and strong cash flows. Under normal circumstances, it invests at least 80% of its assets in equity securities of small-and mid-capitalization companies (80% policy).

Morningstar Category: Small Blend

Small-blend portfolios favor U.S. firms at the smaller end of the market-capitalization range. Some aim to own an array of value and growth stocks while others employ a discipline that leads to holdings with valuations and growth rates close to the small-cap averages. Stocks in the bottom 10% of the capitalization of the U.S. equity market are defined as small cap. The blend style is assigned to portfolios where neither growth nor value characteristics predominate.

Investment Risks

Small Cap Funds: Smaller companies typically have higher risk of failure, and are not as well established as larger blue-chip companies. Historically, the smaller company stocks have experienced a greater degree of market volatility than the overall market average.

Portfolio Profile

Asset Allocation

% of Net Assets
	U.S. Stocks	97.8
	Non-U.S. Stocks	0.7
	Bonds	0.0
	Cash	1.5
	Other	0.0

Data through 2024-09-30

Morningstar Equity Sectors

		% of Stocks
	Cyclical	40.36
	Basic Materials	6.13
	Consumer Cyclical	11.96
	Financial Services	14.69
	Real Estate	7.58



	Sensitive	42.83
	Communication Services	2.13
	Energy	5.49
	Industrials	20.73
	Technology	14.48



	Defensive	16.81
	Consumer Defensive	1.88
	Healthcare	13.25
	Utilities	1.68

Data through 2024-09-30

Holding Status

Total Number of Stock Holdings	126
Total Number of Bond Holdings	0
% of Net Assets in Top 10 Holdings	13.87

Turnover %	(as of 2023-12-31)	17.00
30 Day SEC Yield %		0.00

Top Holdings

	Sector	P/E	% of Net Assets

East West Bancorp Inc		12.31	1.57
Expand Energy Corp Ordinary Shares - New		51.98	1.48
State Street Instl US Govt MMkt Premier	---	---	1.46
Boise Cascade Co		11.61	1.38
Casey's General Stores Inc		28.68	1.34

Liberty Energy Inc Class A		8.21	1.34
Stifel Financial Corp		18.74	1.34
Webster Financial Corp		11.72	1.34
Carlisle Companies Inc		22.65	1.32
Axis Capital Holdings Ltd		10.84	1.30

Data through 2024-09-30

Principal Risks

Currency, Loss of Money, Not FDIC Insured, Active Management, Issuer, Market/Market Volatility, Equity Securities, Restricted/Illiquid Securities, Small Cap, Mid-Cap, Real Estate/REIT Sector

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Other Information

Inception Date: 1991-07-12

Portfolio Manager(s)

Christopher S. Adams (2017-04-28)

Christopher S. Adams, CFA Vice President, Senior Portfolio Manager Christopher S. Adams is a senior portfolio manager on the firm’s US Core Equity team and performs analysis and research to support the portfolio management function. He joined the team in 2000 and became a portfolio manager in November 2004. Prior to joining Macquarie Investment Management (MIM) in 1995 as assistant vice president of strategic planning, Adams had approximately 10 years of experience in the financial services industry in the United States and United Kingdom, including positions with Coopers & Lybrand, The Sumitomo Bank, Bank of America, and Lloyds Bank. Adams holds both bachelor’s and master’s degrees in history and economics from the University of Oxford, England, and received an MBA with dual concentrations in finance and insurance/risk management from The Wharton School of the University of Pennsylvania. He is a past president of the CFA Society of Philadelphia.

David E. Reidinger (2017-04-28)

David E. Reidinger Vice President, Senior Portfolio Manager David E. Reidinger joined Macquarie Investment Management (MIM) in October 2016 as a senior portfolio manager on the firm’s US Core Equity team. He also performs analysis and research to support the portfolio management function. From June 2004 to September 2016, Reidinger was a senior analyst and portfolio manager at Chartwell Investment Partners, where he worked on the firm’s small- and mid-cap growth strategies. Before that, Reidinger was a portfolio manager with Morgan Stanley Investment Management from 2000 to 2003, and a senior equity analyst with Tiger Management from 1998 to 2000. Reidinger began his career in 1993 as an equity research analyst with Goldman Sachs. With more than 20 years of experience as an analyst, he has covered a broad range of industries within the information technology, consumer, and industrial sectors. Reidinger earned bachelor’s degrees in both mathematics and economics from Fordham University, and an MBA from Columbia Business School.

Michael S. Morris (2017-04-28)

Francis X. Morris (2017-04-28)

Francis X. Morris joined Macquarie Investment Management (MIM) in 1997 as a vice president and portfolio manager, and became the chief investment officer for US Core Equity investments in 2004. He is a member of the MIM Global Management Committee and a former Trustee for the Macquarie Management Holdings, Inc. 401(k) and Retirement Plan. Prior to joining the firm, Morris was vice president and director of equity research at PNC Asset Management. He received a bachelor's degree from Providence College and holds an MBA from Widener University. He is a former member of the Business Advisory Council of the Providence College School of Business. Morris is a past president of the CFA Society of Philadelphia and is a member of the CFA Institute. He is a former officer of the National Association of Petroleum Investment Analysts.

Donald G. Padilla (2017-04-28)

Donald G. Padilla, CFA Vice President, Senior Portfolio Manager Donald G. Padilla is a senior portfolio manager on the firm’s US Core Equity team and performs analysis and research to support the portfolio management function. He joined the team in 2000 and became a portfolio manager in November 2004. Padilla joined Macquarie Investment Management (MIM) in 1994 as assistant controller in the firm’s treasury function, responsible for managing corporate cash investments, developing financial models, and overseeing the financial operations of the Lincoln Life 401(k) annuities segment. Prior to joining the firm, he held various positions at The Vanguard Group. Padilla holds a bachelor’s degree in accounting from Lehigh University, and he is a member of the CFA Society of Philadelphia.

Investment Advisor(s)

Lincoln Financial Investments Corporation

Issuer

Lincoln National

Subadvisor(s)

Delaware Investments Fund Advisers

Macquarie Investment Management Global Limited

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Returns will vary and shares may be worth more or less than their original cost when sold.