Morningstar® Investment Profile™   Morningstar®
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LVIP JPMorgan Mid Cap Value Standard
Release date as of 2024-04-30. Data on page is subject to change.
Snapshot Ratings & Risk Portfolio Nuts & Bolts
  Morningstar Report
Overall Morningstar
What is this?
As of 2024-04-30
Out of 379
Mid-Cap Value Funds
Style Box™
What is this?
As of 2024-03-31
Total Fund Assets ($ Mil)
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  Investment Objective & Strategy  
The investment seeks capital appreciation with the secondary goal of achieving current income by investing primarily in equity securities.
At least 80% of the Portfolio's assets will be invested in equity securities of mid cap companies. Mid cap companies are companies with market capitalizations equal to those within the universe of the Russell Midcap Value Index and/or between $1 billion and $20 billion at the time of purchase. In implementing its main strategies, the Portfolio's investments are primarily in common stocks and real estate investment trusts (REITs).
  Morningstar Category: Mid-Cap Value
Some mid-cap value portfolios focus on medium-size companies while others land here because they own a mix of small-, mid-, and large-cap stocks. All look for U.S. stocks that are less expensive or growing more slowly than the market. Stocks in the middle 20% of the capitalization of the U.S. equity market are defined as mid-cap. Value is defined based on low valuations (low price ratios and high dividend yields) and slow growth (low growth rates for earnings, sales, book value, and cash flow). 
  Investment Risks
Mid Cap Funds: The securities of companies with market capitalizations below $10 billion may be more volatile and less liquid than the securities of larger companies.
  Portfolio Profile
Asset Allocation
% of Net Assets
Bullet U.S. Stocks U.S. Stocks 98.8
Bullet Non-U.S. Stocks Non-U.S. Stocks 0.0
Bullet Bonds Bonds 0.0
Bullet Cash Cash 1.2
Bullet Other Other 0.0
Asset Allocation Rescaled Graph
Data through 2024-03-31
Morningstar Equity Sectors
% of Stocks
Cyclical 49.45
Basic Materials 3.96
Consumer Cyclical 13.44
Financial Services 21.77
Real Estate 10.28
Sensitive 32.71
Communication Services 2.66
Energy 4.82
Industrials 16.96
Technology 8.27
Defensive 17.83
Consumer Defensive 4.32
Healthcare 7.49
Utilities 6.02
Data through 2024-03-31
Holding Status
Total Number of Stock Holdings 101
Total Number of Bond Holdings 0
% of Net Assets in Top 10 Holdings 17.22
Turnover % (as of 2023-12-31) 14.00
30 Day SEC Yield % ---
Top Holdings
Sector P/E % of Net
Ameriprise Financial Inc 14.02 2.11
Cencora Inc 26.04 1.84
Loews Corp 11.95 1.79
Hubbell Inc 27.63 1.75
Martin Marietta Materials Inc 17.25 1.69
Lincoln Electric Holdings Inc 23.30 1.67
Arch Capital Group Ltd 7.38 1.62
ITT Inc 26.02 1.61
Snap-on Inc 14.05 1.58
Raymond James Financial Inc 14.73 1.56
Data through 2024-03-31
  Principal Risks   
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, Real Estate/REIT Sector
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  Other Information
Inception Date: 2001-09-28
Portfolio Manager(s)
Jonathan K.L. Simon   (2001-09-28)
Jonathan K.L. Simon, managing director, is a portfolio manager in the U.S. Equity Group. An employee since 1980, and a member of U.S. Equity Value Group. In addition, he joined the firm as an analyst in the London office, transferred to New York in 1983 and became a portfolio manager in 1987. Jonathan has held numerous key positions in the firm, including president of Robert Fleming's U.S. asset management.
Lawrence E. Playford   (2004-12-31)
Lawrence Playford is Chief investment officer of the U.S. equity value group since 2016 and portfolio manager of JPMorgan’s U.S. equity value group since 2004. He began his investment career in 1993 and has a BBA from the University of Notre Dame and an MBA from Fordham University.
Investment Advisor(s)
Lincoln Financial Investments Corporation
Lincoln National
J.P. Morgan Investment Management, Inc.
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