Morningstar® Investment Profile™   Morningstar® Disclosure   Format for Print LVIP JPMorgan U.S. Equity Standard 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™ What is this? As of 2024-10-31 Out of 1288 Large Blend Funds Morningstar® Style Box™ What is this? As of 2024-09-30 Total Fund Assets ($ Mil) 239.51 View Historical Morningstar Star Ratings and Definitions

Investment Objective & Strategy   The investment seeks high total return. Under normal circumstances, the Portfolio invests at least 80% of its assets in equity securities of U.S. companies. It primarily invests in common stocks of large- and mid-capitalization U.S. companies but it may also invest up to 20% of its assets in common stocks of foreign companies, including depositary receipts. The Portfolio focuses on those equity securities that the manager considers attractively valued and seeks to outperform the benchmark through superior stock selection.

Morningstar Category: Large Blend Large-blend portfolios are fairly representative of the overall US stock market in size, growth rates and price. Stocks in the top 70% of the capitalization of the US equity market are defined as large cap. The blend style is assigned to portfolios where neither growth nor value characteristics predominate. These portfolios tend to invest across the spectrum of US industries, and owing to their broad exposure, the portfolios' returns are often similar to those of the S&P 500 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 U.S. Stocks 95.8 Non-U.S. Stocks 3.0 Bonds 0.0 Cash 1.3 Other 0.0 Data through 2024-09-30 Morningstar Equity Sectors % of Stocks Cyclical 26.62 Basic Materials 1.87 Consumer Cyclical 12.60 Financial Services 11.43 Real Estate 0.72 Sensitive 55.89 Communication Services 6.16 Energy 4.73 Industrials 11.02 Technology 33.98 Defensive 17.48 Consumer Defensive 1.21 Healthcare 12.20 Utilities 4.07 Data through 2024-09-30 Holding Status Total Number of Stock Holdings 52 Total Number of Bond Holdings 0 % of Net Assets in Top 10 Holdings 44.11 Turnover % (as of 2023-12-31) 65.00 30 Day SEC Yield % --- Top Holdings Sector P/E % of Net Assets Microsoft Corp 33.55 8.78 Apple Inc 37.16 7.65 NVIDIA Corp 62.24 7.09 Amazon.com Inc 39.83 4.18 Meta Platforms Inc Class A 26.79 3.37 Alphabet Inc Class A 22.69 2.71 UnitedHealth Group Inc 36.70 2.65 Lowe's Companies Inc 21.62 2.62 Wells Fargo & Co 13.50 2.57 Exxon Mobil Corp 13.97 2.49 Data through 2024-09-30

Principal Risks    Foreign Securities, Loss of Money, Not FDIC Insured, Value Investing, Active Management, Market/Market Volatility, Industry and Sector Investing, Restricted/Illiquid Securities, Derivatives, Socially Conscious, Shareholder Activity, Mid-Cap, Large Cap Show Risk Definitions

Other Information Inception Date: 1995-03-30 Portfolio Manager(s) Scott B. Davis   (2017-01-06) Scott B. Davis, managing director, is a portfolio manager in the U.S. Equity Group. An employee since 2006, Scott was previously a media and internet analyst in the U.S. Equity Research Group. Shilpee Raina   (2021-11-01) Shilpee Raina, executive director, is a research analyst on the Equity Income Strategy within the U.S. Equity Group. Shilpee is a generalist analyst whose research coverage spans various industries. An employee since 2005, Shilpee has been a dedicated research analyst on the Equity Income Strategy since 2008 and was previously focused on the Mid Cap Value portfolios where she conducted research within the media sector, while also responsible for daily implementation and portfolio analytics for the broader Value Team. Shilpee holds a B.S. in Commerce with concentrations in Finance and Accounting from University of Virginia’s McIntire School of Commerce. She is a member of both the New York Society of Security Analysts and the CFA Institute and is a CFA charterholder. Investment Advisor(s) Lincoln Financial Investments Corporation Issuer Lincoln National Subadvisor(s) J.P. Morgan Investment Management, Inc.

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