Lincoln Variable Insurance Products Trust
12/04/2025 | Press release | Distributed by Public on 12/04/2025 13:56
Summary Prospectus by Investment Company (Form 497K)
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LINCOLN VARIABLE INSURANCE PRODUCTS TRUST LVIP SSGA S&P 500® Index Fund Supplement Dated December 4, 2025 to the Summary and Statutory Prospectuses dated May 1, 2025 Unless otherwise defined in this supplement, capitalized terms used in this supplement have the meanings assigned to them in the Summary and Statutory Prospectuses |
This Supplement updates certain information in the Summary and Statutory Prospectuses for the LVIP SSGA S&P 500® Index Fund (the "Fund"). You may obtain copies of the Funds' Summary and Statutory Prospectuses free of charge, upon request, by calling toll-free 866-436-8717 or at www.lincolnfinancial.com/lvip.
Effective immediately, the Fund's Summary and Statutory Prospectuses are revised as follows:
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1. |
The following supplements the information under the Principal Investment Strategies section of the Fund's Summary and Statutory Prospectuses. |
The Fund intends to be diversified in approximately the same proportion as the Index. The Fund may become "non-diversified," as defined by the Investment Company Act of 1940, solely as a result of a change in relative market capitalization or index weighting of one or more constituents of the Index. As a "non-diversified" fund, the Fund can invest a greater percentage of its assets in a limited number of issuers or in any one issuer. Shareholder approval will not be sought if the Fund shifts from diversified to non-diversified solely due to a change in the relative market capitalization or index weightings of one or more constituents of the Index.
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2. |
The fifth paragraph under the Additional Information about the Fund - Investment Objective and Principal Investment Strategies of the Fund's Statutory Prospectus is deleted and replaced with the following: |
The Fund intends to be diversified in approximately the same proportion as the Index. The Fund may become "non-diversified," as defined by the Investment Company Act of 1940, solely as a result of a change in relative market capitalization or index weighting of one or more constituents of the Index. As a "non-diversified" fund, the Fund can invest a greater percentage of its assets in a limited number of issuers or in any one issuer. Shareholder approval will not be sought if the Fund shifts from diversified to non-diversified solely due to a change in the relative market capitalization or index weightings of one or more constituents of the Index.
The Fund's Board of Trustees may change the Fund's investment strategies or policies in the interest of shareholders without a shareholder vote, unless those strategies or policies are designated as fundamental. The Fund may change its policy of investing at least 80% of its net assets in securities of issuers included in the S&P 500® Index only upon 60 days' notice to shareholders.
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