Morningstar® Investment Profile™   Morningstar® Disclosure   Format for Print LVIP American Century InflProtStdII Release date as of 2025-05-31. Data on page is subject to change. Snapshot Ratings & Risk Portfolio Nuts & Bolts

Morningstar Report Overall Morningstar Rating™ What is this? As of 2025-05-31 Out of 139 Inflation-Protected Bond Funds Morningstar® Style Box™ What is this? As of 2025-03-31 Total Fund Assets ($ Mil) 477.65 View Historical Morningstar Star Ratings and Definitions

Investment Objective & Strategy   The investment seeks long-term total return using a strategy that seeks to protect against U.S. inflation. The fund invests substantially all of its assets in investment-grade debt securities. To help protect against U.S. inflation, under normal conditions the fund will invest over 50% of its assets in inflation-indexed debt securities. It also may invest in debt securities that are not inflation-indexed. The fund also may invest in derivative instruments, provided that such investments are in keeping with the fund's investment objective.

Morningstar Category: Inflation-Protected Bond Inflation-protected bond portfolios invest primarily in debt securities that adjust their principal values in line with the rate of inflation. These bonds can be issued by any organization, but the U.S. Treasury is currently the largest issuer for these types of securities.

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 0.0 Non-U.S. Stocks 0.0 Bonds 92.1 Cash 6.8 Other 1.1 Data through 2025-03-31 Morningstar Fixed-Income Sectors % Fund Government 58.26 Corporate 8.26 Securitized 26.17 Municipal 0.49 Cash & Equivalents 6.82 Derivative 0.00 Data through 2025-03-31 Credit Analysis % Bonds AAA 11.80 AA 78.58 A 5.92 BBB 3.33 BB 0.00 B 0.00 Below B 0.00 Not Rated 0.36 Data through 2025-03-31 Holding Status Total Number of Stock Holdings 0 Total Number of Bond Holdings 150 % of Net Assets in Top 10 Holdings 36.06 Turnover % (as of 2024-12-31) 65.00 30 Day SEC Yield % 4.40 Top Holdings Maturity Date Shares Value $000 % of Net Assets State Street Instl US Govt MMkt Premier 2030-12-31 34,460 34,460 6.82 United States Treasury Notes 1.88% 2034-07-15 29,201 29,473 5.83 United States Treasury Notes 1.38% 2033-07-15 23,153 22,583 4.47 United States Treasury Notes 0.13% 2031-07-15 17,657 16,212 3.21 Federal National Mortgage Association 6.63% 2030-11-15 13,825 15,584 3.08 United States Treasury Bonds 1.38% 2044-02-15 14,990 13,046 2.58 United States Treasury Notes 0.5% 2028-01-15 13,133 12,899 2.55 United States Treasury Notes 0.13% 2030-01-15 13,616 12,809 2.54 United States Treasury Bonds 0.63% 2043-02-15 16,592 12,756 2.52 Fnma Pass-Thru I 4% 2052-09-01 13,309 12,420 2.46 Data through 2025-03-31

Principal Risks    Credit and Counterparty, Extension, Prepayment (Call), Foreign Securities, Loss of Money, Not FDIC Insured, Interest Rate, Market/Market Volatility, Restricted/Illiquid Securities, Derivatives, Shareholder Activity, Structured Products Show Risk Definitions

Other Information Inception Date: 2004-05-07 Portfolio Manager(s) James E. Platz   (2007-09-28) Platz is vice president and a senior portfolio manager with American Century, his employer since October 2003. Prior to joining American Century, Platz was a vice president, senior portfolio manager for Standish Mellon Asset Management, formerly Certus Asset Advisors, since August 1995. He received a bachelor’s degree in history and political economies of industrial societies from the University of California – Berkeley, and an MBA from the University of Southern California. He is a CFA charterholder. Robert V. Gahagan   (2002-12-31) Mr. Gahagan, Senior Vice President and Senior Portfolio Manager, joined American Century Investments in 1983.  He became a portfolio manager in 1991. He has a bachelor’s degree in economics and an MBA from the University of Missouri – Kansas City. Miguel Castillo   (2015-05-01) Miguel Castillo is a vice president and portfolio manager for American Century Investments®. Mr. Castillo, who joined the company in 2008 as a portfolio research analyst in the Portfolio Advisory Group, served as senior fixed income trader prior to becoming portfolio manager. Mr. Castillo is a member of the Rates and Currency Markets team within the firm's Fixed Income group, where he contributes his expertise to the management of a number of fixed income strategies. Before joining American Century Investments, he was a fixed income trader with Banco de Mexico, where he implemented monetary policy. He has worked in the investment industry since 2002. Mr. Castillo holds a bachelor's degree in banking and finance from Escuela Bancaria Y Comercial, Mexico City, and a master's degree in business administration from the University of Minnesota. Investment Advisor(s) Lincoln Financial Investments Corporation Issuer Lincoln Variable Insurance Product Tr Subadvisor(s) American Century Investment Management Inc

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