NPORT-EX 2 NPORT_LMFB_68114214_0325.htm EDGAR HTML
LVIP SSGA Emerging Markets Equity Index Fund
Schedule of Investments
March 31, 2025 (unaudited)
 
 
 
Number of
Shares
Value
(U.S. $)
ΔCOMMON STOCK–96.31%
Australia–0.02%
†MMG Ltd.
 
121,600
$41,960
 
 
41,960
Brazil–3.27%
Ambev SA
 
143,900
341,944
B3 SA - Brasil Bolsa Balcao
 
166,700
356,101
Banco Bradesco SA
 
43,684
87,269
Banco BTG Pactual SA
 
36,772
218,321
Banco do Brasil SA
 
52,300
258,638
BB Seguridade
Participacoes SA
 
22,000
155,561
BRF SA
 
17,300
60,027
Caixa Seguridade
Participacoes SA
 
19,500
51,224
CCR SA
 
33,100
67,691
Centrais Eletricas
Brasileiras SA
 
38,785
276,829
Cia de Saneamento Basico
do Estado de Sao Paulo
SABESP
 
15,000
268,538
CPFL Energia SA
 
6,700
44,487
†Embraer SA
 
22,300
257,293
Energisa SA
 
8,266
57,855
Engie Brasil Energia SA
 
6,825
46,166
Equatorial Energia SA
 
37,578
210,067
JBS SA
 
24,600
177,394
Klabin SA
 
25,370
83,804
Localiza Rent a Car SA
 
29,193
171,993
Natura & Co. Holding SA
 
26,796
47,286
†NU Holdings Ltd. Class A
 
99,200
1,015,808
Petroleo Brasileiro SA
 
115,800
831,194
†PRIO SA
 
25,500
178,522
Raia Drogasil SA
 
40,356
135,358
Rede D'Or Sao Luiz SA
 
25,400
125,521
Rumo SA
 
41,518
118,447
Suzano SA
 
21,930
204,180
Telefonica Brasil SA
 
12,000
105,186
TIM SA
 
25,200
79,357
TOTVS SA
 
17,214
101,176
Ultrapar Participacoes SA
 
23,000
69,930
Vale SA
 
112,892
1,126,061
Vibra Energia SA
 
31,400
98,276
WEG SA
 
52,000
412,614
XP, Inc. Class A
 
11,700
160,875
 
 
8,000,993
Chile–0.40%
Banco de Chile
 
1,365,073
180,529
Banco de Credito e
Inversiones SA
 
2,776
102,586
Banco Santander Chile
 
2,092,329
119,051
Cencosud SA
 
39,775
121,477
Empresas CMPC SA
 
35,331
58,045
Empresas COPEC SA
 
12,440
85,808
Enel Americas SA
 
671,153
65,310
 
 
Number of
Shares
Value
(U.S. $)
ΔCOMMON STOCK (continued)
Chile (continued)
Enel Chile SA
 
785,642
$51,663
Falabella SA
 
19,024
79,339
Latam Airlines Group SA
 
6,640,781
104,017
 
 
967,825
China–26.78%
360 Security Technology,
Inc. Class A
 
4,500
6,450
37 Interactive
Entertainment Network
Technology Group Co.
Ltd. Class A
 
2,800
5,757
AAC Technologies
Holdings, Inc.
 
24,500
149,479
Advanced
Micro-Fabrication
Equipment, Inc. China
Class A
 
601
15,332
AECC Aero-Engine Control
Co. Ltd. Class A
 
3,000
7,919
AECC Aviation Power Co.
Ltd. Class A
 
2,401
12,010
Agricultural Bank of China
Ltd. Class A
 
56,300
40,244
Agricultural Bank of China
Ltd. Class H
 
866,000
521,528
Aier Eye Hospital Group
Co. Ltd. Class A
 
9,458
17,332
†Air China Ltd. Class A
 
1,200
1,178
†Akeso, Inc.
 
19,000
187,221
Alibaba Group Holding
Ltd.
 
503,100
8,324,276
Aluminum Corp. of China
Ltd. Class A
 
7,900
8,153
Aluminum Corp. of China
Ltd. Class H
 
120,000
75,274
†Amlogic Shanghai Co. Ltd.
Class A
 
71
821
Angel Yeast Co. Ltd.
Class A
 
1,800
8,577
Anhui Conch Cement Co.
Ltd. Class A
 
3,800
12,719
Anhui Conch Cement Co.
Ltd. Class H
 
35,500
100,402
Anhui Gujing Distillery Co.
Ltd. Class A
 
200
4,693
Anhui Gujing Distillery Co.
Ltd. Class B
 
3,900
61,431
Anhui Jianghuai
Automobile Group Corp.
Ltd. Class A
 
1,800
8,980
Anhui Yingjia Distillery Co.
Ltd. Class A
 
900
6,726
Anker Innovations
Technology Co. Ltd.
Class A
 
390
5,552
LVIP SSGA Emerging Markets Equity Index Fund–1
LVIP SSGA Emerging Markets Equity Index Fund
Schedule of Investments (continued)
 
 
Number of
Shares
Value
(U.S. $)
ΔCOMMON STOCK (continued)
China (continued)
ANTA Sports Products Ltd.
 
40,000
$439,800
Autohome, Inc. ADR
 
2,000
55,440
Avary Holding Shenzhen
Co. Ltd. Class A
 
900
4,526
AviChina Industry &
Technology Co. Ltd.
Class H
 
62,000
31,242
Avicopter PLC Class A
 
1,300
6,567
†BAIC BluePark New Energy
Technology Co. Ltd.
Class A
 
4,400
5,236
†Baidu, Inc. Class A
 
70,700
816,030
Bank of Beijing Co. Ltd.
Class A
 
13,700
11,415
Bank of Changsha Co. Ltd.
Class A
 
4,200
5,326
Bank of Chengdu Co. Ltd.
Class A
 
5,100
12,105
Bank of China Ltd. Class A
 
20,500
15,835
Bank of China Ltd. Class H
 
2,222,000
1,341,983
Bank of Communications
Co. Ltd. Class A
 
24,420
25,107
Bank of Hangzhou Co. Ltd.
Class A
 
4,400
8,770
Bank of Jiangsu Co. Ltd.
Class A
 
10,500
13,779
Bank of Nanjing Co. Ltd.
Class A
 
10,400
14,822
Bank of Ningbo Co. Ltd.
Class A
 
5,970
21,269
Bank of Shanghai Co. Ltd.
Class A
 
6,540
8,893
Bank of Suzhou Co. Ltd.
Class A
 
5,000
5,438
Baoshan Iron & Steel Co.
Ltd. Class A
 
11,000
10,913
Beijing Enterprises Water
Group Ltd.
 
132,000
38,105
Beijing Kingsoft Office
Software, Inc. Class A
 
385
15,991
Beijing New Building
Materials PLC Class A
 
2,500
10,043
Beijing Oriental Yuhong
Waterproof Technology
Co. Ltd. Class A
 
1,500
2,821
Beijing Roborock
Technology Co. Ltd.
Class A
 
154
5,175
Beijing Wantai Biological
Pharmacy Enterprise Co.
Ltd. Class A
 
1,108
9,794
Beijing Yanjing Brewery Co.
Ltd. Class A
 
3,000
5,071
Beijing-Shanghai High
Speed Railway Co. Ltd.
Class A
 
30,400
23,351
 
 
Number of
Shares
Value
(U.S. $)
ΔCOMMON STOCK (continued)
China (continued)
Bethel Automotive Safety
Systems Co. Ltd. Class A
 
840
$7,272
†Bilibili, Inc. Class Z
 
7,320
140,375
BOC International China
Co. Ltd. Class A
 
200
288
BOE Technology Group Co.
Ltd. Class A
 
20,300
11,623
BYD Co. Ltd. Class A
 
1,200
62,367
BYD Co. Ltd. Class H
 
38,000
1,924,188
BYD Electronic
International Co. Ltd.
 
25,000
130,349
†Cambricon Technologies
Corp. Ltd. Class A
 
259
22,416
CGN Power Co. Ltd.
Class A
 
1,300
652
CGN Power Co. Ltd.
Class H
 
335,000
104,889
Changchun High-Tech
Industry Group Co. Ltd.
Class A
 
200
2,701
Changjiang Securities Co.
Ltd. Class A
 
6,900
6,047
Changzhou Xingyu
Automotive Lighting
Systems Co. Ltd. Class A
 
400
7,612
Chaozhou Three-Circle
Group Co. Ltd. Class A
 
600
3,282
China CITIC Bank Corp.
Ltd. Class H
 
280,000
219,633
China Coal Energy Co. Ltd.
Class H
 
65,000
66,352
China Communications
Services Corp. Ltd.
Class H
 
80,000
43,786
China Construction Bank
Corp. Class A
 
6,900
8,401
China Construction Bank
Corp. Class H
 
2,994,000
2,653,177
China CSSC Holdings Ltd.
Class A
 
2,800
11,793
†China Eastern Airlines
Corp. Ltd. Class A
 
19,600
9,819
China Energy Engineering
Corp. Ltd. Class A
 
23,600
7,393
China Everbright Bank Co.
Ltd. Class A
 
41,900
21,868
China Everbright Bank Co.
Ltd. Class H
 
79,000
32,200
China Feihe Ltd.
 
120,000
90,547
China Galaxy Securities Co.
Ltd. Class A
 
6,800
15,555
China Galaxy Securities Co.
Ltd. Class H
 
107,000
107,372
China Great Wall Securities
Co. Ltd. Class A
 
5,800
6,449
LVIP SSGA Emerging Markets Equity Index Fund–2
LVIP SSGA Emerging Markets Equity Index Fund
Schedule of Investments (continued)
 
 
Number of
Shares
Value
(U.S. $)
ΔCOMMON STOCK (continued)
China (continued)
†China Greatwall
Technology Group Co.
Ltd. Class A
 
4,000
$7,772
China Hongqiao Group
Ltd.
 
90,000
186,177
China International Capital
Corp. Ltd. Class A
 
2,500
11,883
China International Capital
Corp. Ltd. Class H
 
44,800
84,235
China Jushi Co. Ltd.
Class A
 
5,046
8,976
China Life Insurance Co.
Ltd. Class A
 
2,700
14,002
China Life Insurance Co.
Ltd. Class H
 
233,000
450,385
†China Literature Ltd.
 
12,400
41,316
China Longyuan Power
Group Corp. Ltd. Class H
 
104,000
83,448
China Mengniu Dairy Co.
Ltd.
 
99,000
244,522
China Merchants Bank Co.
Ltd. Class A
 
14,300
85,414
China Merchants Bank Co.
Ltd. Class H
 
121,500
720,368
China Merchants Energy
Shipping Co. Ltd. Class A
 
900
809
China Merchants
Securities Co. Ltd.
Class A
 
6,700
16,407
China Merchants Shekou
Industrial Zone Holdings
Co. Ltd. Class A
 
5,200
6,574
China Minsheng Banking
Corp. Ltd. Class A
 
14,400
7,760
China National Chemical
Engineering Co. Ltd.
Class A
 
7,700
7,637
China National Nuclear
Power Co. Ltd. Class A
 
14,000
17,796
†China National Software &
Service Co. Ltd. Class A
 
1,080
6,459
China Northern Rare Earth
Group High-Tech Co. Ltd.
Class A
 
2,900
9,072
China Oilfield Services Ltd.
Class H
 
54,000
44,678
China Overseas Land &
Investment Ltd.
 
119,500
213,900
China Pacific Insurance
Group Co. Ltd. Class A
 
3,600
15,980
China Pacific Insurance
Group Co. Ltd. Class H
 
84,600
266,534
China Petroleum &
Chemical Corp. Class A
 
18,700
14,787
China Petroleum &
Chemical Corp. Class H
 
754,000
397,812
 
 
Number of
Shares
Value
(U.S. $)
ΔCOMMON STOCK (continued)
China (continued)
China Power International
Development Ltd.
 
135,000
$50,917
China Railway Group Ltd.
Class A
 
20,800
15,872
China Railway Signal &
Communication Corp.
Ltd. Class A
 
10,010
7,771
China Rare Earth
Resources & Technology
Co. Ltd. Class A
 
2,200
9,612
China Resources Beer
Holdings Co. Ltd.
 
50,500
182,480
China Resources Land Ltd.
 
100,500
333,379
China Resources
Microelectronics Ltd.
Class A
 
1,156
7,154
China Resources Mixc
Lifestyle Services Ltd.
 
21,000
92,878
China Resources
Pharmaceutical Group
Ltd.
 
52,000
33,806
China Resources Power
Holdings Co. Ltd.
 
60,000
142,733
China Resources Sanjiu
Medical &
Pharmaceutical Co. Ltd.
Class A
 
280
1,626
†China Ruyi Holdings Ltd.
 
212,000
65,179
China Shenhua Energy Co.
Ltd. Class A
 
3,900
20,636
China Shenhua Energy Co.
Ltd. Class H
 
105,000
425,959
†China Southern Airlines
Co. Ltd. Class A
 
7,800
6,101
China State Construction
Engineering Corp. Ltd.
Class A
 
21,500
15,611
China Taiping Insurance
Holdings Co. Ltd.
 
44,600
67,901
China Three Gorges
Renewables Group Co.
Ltd. Class A
 
28,700
16,741
China Tourism Group Duty
Free Corp. Ltd. Class A
 
2,000
16,615
China Tower Corp. Ltd.
Class H
 
139,400
187,779
China United Network
Communications Ltd.
Class A
 
19,200
14,740
†China Vanke Co. Ltd.
Class A
 
7,300
7,098
†China Vanke Co. Ltd.
Class H
 
75,600
53,880
China Yangtze Power Co.
Ltd. Class A
 
17,584
67,434
LVIP SSGA Emerging Markets Equity Index Fund–3
LVIP SSGA Emerging Markets Equity Index Fund
Schedule of Investments (continued)
 
 
Number of
Shares
Value
(U.S. $)
ΔCOMMON STOCK (continued)
China (continued)
China Zheshang Bank Co.
Ltd. Class A
 
680
$276
Chongqing Changan
Automobile Co. Ltd.
Class A
 
3,400
6,133
Chongqing Rural
Commercial Bank Co.
Ltd. Class A
 
11,600
9,729
Chongqing Zhifei Biological
Products Co. Ltd. Class A
 
500
1,676
CITIC Ltd.
 
124,000
153,047
CITIC Securities Co. Ltd.
Class A
 
9,185
33,547
CITIC Securities Co. Ltd.
Class H
 
47,775
125,219
CMOC Group Ltd. Class A
 
14,700
15,500
CMOC Group Ltd. Class H
 
114,000
94,234
CNGR Advanced Material
Co. Ltd. Class A
 
1,260
6,120
CNPC Capital Co. Ltd.
Class A
 
11,600
10,210
Contemporary Amperex
Technology Co. Ltd.
Class A
 
3,240
113,401
COSCO SHIPPING Energy
Transportation Co. Ltd.
Class A
 
5,100
7,887
COSCO SHIPPING Energy
Transportation Co. Ltd.
Class H
 
38,000
30,765
COSCO SHIPPING Holdings
Co. Ltd. Class A
 
6,190
12,440
COSCO SHIPPING Holdings
Co. Ltd. Class H
 
93,150
146,975
CRRC Corp. Ltd. Class A
 
17,800
17,342
CRRC Corp. Ltd. Class H
 
134,000
83,601
CSC Financial Co. Ltd.
Class A
 
3,500
11,662
CSPC Innovation
Pharmaceutical Co. Ltd.
Class A
 
1,680
8,663
CSPC Pharmaceutical
Group Ltd.
 
256,240
162,854
Daqin Railway Co. Ltd.
Class A
 
9,400
8,475
Datang International
Power Generation Co.
Ltd. Class A
 
21,700
8,833
Dong-E-E-Jiao Co. Ltd.
Class A
 
900
7,502
Dongfang Electric Corp.
Ltd. Class A
 
3,900
8,063
Dongxing Securities Co.
Ltd. Class A
 
3,973
6,299
East Money Information
Co. Ltd. Class A
 
11,344
35,375
 
 
Number of
Shares
Value
(U.S. $)
ΔCOMMON STOCK (continued)
China (continued)
Eastroc Beverage Group
Co. Ltd. Class A
 
260
$8,933
Ecovacs Robotics Co. Ltd.
Class A
 
1,000
8,492
ENN Energy Holdings Ltd.
 
24,900
205,805
ENN Natural Gas Co. Ltd.
Class A
 
3,200
8,648
Eoptolink Technology, Inc.
Ltd. Class A
 
300
4,154
Eve Energy Co. Ltd.
Class A
 
1,655
10,778
Everbright Securities Co.
Ltd. Class A
 
1,400
3,295
Far East Horizon Ltd.
 
55,000
45,024
FAW Jiefang Group Co. Ltd.
Class A
 
3,700
4,130
Flat Glass Group Co. Ltd.
Class A
 
1,400
3,434
Focus Media Information
Technology Co. Ltd.
Class A
 
5,900
5,717
Foshan Haitian Flavouring
& Food Co. Ltd. Class A
 
2,692
15,082
Fosun International Ltd.
 
82,500
44,246
Founder Securities Co. Ltd.
Class A
 
5,000
5,385
Foxconn Industrial
Internet Co. Ltd. Class A
 
9,252
25,836
Fuyao Glass Industry Group
Co. Ltd. Class A
 
900
7,264
Fuyao Glass Industry Group
Co. Ltd. Class H
 
19,600
140,222
Ganfeng Lithium Group Co.
Ltd. Class A
 
300
1,403
†GCL Technology Holdings
Ltd.
 
690,000
87,208
GD Power Development Co.
Ltd. Class A
 
5,000
3,063
GEM Co. Ltd. Class A
 
6,500
5,841
†Genscript Biotech Corp.
 
40,000
63,565
GF Securities Co. Ltd.
Class A
 
5,500
12,216
Giant Biogene Holding Co.
Ltd.
 
9,200
83,657
†GigaDevice Semiconductor,
Inc. Class A
 
352
5,698
GoerTek, Inc. Class A
 
2,200
7,954
Goldwind Science &
Technology Co. Ltd.
Class A
 
4,200
5,146
Goneo Group Co. Ltd.
Class A
 
580
5,761
Great Wall Motor Co. Ltd.
Class A
 
3,300
11,895
Great Wall Motor Co. Ltd.
Class H
 
71,000
124,515
LVIP SSGA Emerging Markets Equity Index Fund–4
LVIP SSGA Emerging Markets Equity Index Fund
Schedule of Investments (continued)
 
 
Number of
Shares
Value
(U.S. $)
ΔCOMMON STOCK (continued)
China (continued)
Gree Electric Appliances,
Inc. of Zhuhai Class A
 
2,300
$14,413
GRG Banking Equipment
Co. Ltd. Class A
 
3,000
5,491
Guangdong Haid Group Co.
Ltd. Class A
 
700
4,828
Guanghui Energy Co. Ltd.
Class A
 
9,400
7,889
Guangzhou Automobile
Group Co. Ltd. Class A
 
5,000
5,868
Guangzhou Baiyunshan
Pharmaceutical Holdings
Co. Ltd. Class A
 
2,000
7,304
Guangzhou Haige
Communications Group,
Inc. Co. Class A
 
100
154
Guangzhou Tinci Materials
Technology Co. Ltd.
Class A
 
2,760
7,096
Guolian Minsheng
Securities Co. Ltd.
Class A
 
5,300
7,520
Guosen Securities Co. Ltd.
Class A
 
7,500
10,621
Guotai Junan Securities
Co. Ltd. Class A
 
12,380
29,375
Guotai Junan Securities
Co. Ltd. Class H
 
65,512
95,265
Guoyuan Securities Co. Ltd.
Class A
 
5,440
5,831
H World Group Ltd. ADR
 
6,400
236,864
Haidilao International
Holding Ltd.
 
52,000
117,279
Haier Smart Home Co. Ltd.
Class A
 
3,100
11,703
Haier Smart Home Co. Ltd.
Class H
 
78,200
252,079
†Hainan Airlines Holding
Co. Ltd. Class A
 
41,100
7,898
†Hainan Airport
Infrastructure Co. Ltd.
Class A
 
5,400
2,698
Haitian International
Holdings Ltd.
 
22,000
58,436
Hangzhou First Applied
Material Co. Ltd. Class A
 
2,835
5,505
Hangzhou GreatStar
Industrial Co. Ltd.
Class A
 
1,100
4,510
†Hangzhou Silan
Microelectronics Co. Ltd.
Class A
 
100
334
Hangzhou Tigermed
Consulting Co. Ltd.
Class A
 
800
5,604
 
 
Number of
Shares
Value
(U.S. $)
ΔCOMMON STOCK (continued)
China (continued)
Hansoh Pharmaceutical
Group Co. Ltd.
 
36,000
$113,304
Henan Shenhuo Coal
Industry & Electricity
Power Co. Ltd. Class A
 
2,800
7,262
Henan Shuanghui
Investment &
Development Co. Ltd.
Class A
 
3,100
11,532
Hengan International
Group Co. Ltd.
 
18,500
51,709
Hengli Petrochemical Co.
Ltd. Class A
 
5,500
11,658
Hengtong Optic-electric Co.
Ltd. Class A
 
100
230
Hisense Home Appliances
Group Co. Ltd. Class A
 
200
819
Hisense Home Appliances
Group Co. Ltd. Class H
 
12,000
40,257
Hithink RoyalFlush
Information Network Co.
Ltd. Class A
 
500
19,676
Hoshine Silicon Industry
Co. Ltd. Class A
 
1,100
8,322
Hua Hong Semiconductor
Ltd.
 
20,000
80,677
Huadian Power
International Corp. Ltd.
Class A
 
11,900
9,432
Huadong Medicine Co. Ltd.
Class A
 
300
1,517
Huafon Chemical Co. Ltd.
Class A
 
6,700
7,185
Huaibei Mining Holdings
Co. Ltd. Class A
 
2,800
5,042
Hualan Biological
Engineering, Inc. Class A
 
2,120
4,541
Huaneng Power
International, Inc.
Class A
 
100
95
Huaneng Power
International, Inc.
Class H
 
144,000
83,536
Huatai Securities Co. Ltd.
Class A
 
7,200
16,436
Huatai Securities Co. Ltd.
Class H
 
42,200
68,046
Huaxia Bank Co. Ltd.
Class A
 
10,200
11,024
Huayu Automotive Systems
Co. Ltd. Class A
 
4,600
11,497
Hubei Jumpcan
Pharmaceutical Co. Ltd.
Class A
 
1,300
4,988
LVIP SSGA Emerging Markets Equity Index Fund–5
LVIP SSGA Emerging Markets Equity Index Fund
Schedule of Investments (continued)
 
 
Number of
Shares
Value
(U.S. $)
ΔCOMMON STOCK (continued)
China (continued)
Huizhou Desay Sv
Automotive Co. Ltd.
Class A
 
200
$3,126
Humanwell Healthcare
Group Co. Ltd. Class A
 
2,000
5,681
Hunan Valin Steel Co. Ltd.
Class A
 
9,400
6,450
Hundsun Technologies, Inc.
Class A
 
2,444
9,492
Hwatsing Technology Co.
Ltd. Class A
 
295
6,749
Hygon Information
Technology Co. Ltd.
Class A
 
1,685
33,050
IEIT Systems Co. Ltd.
Class A
 
760
5,649
Iflytek Co. Ltd. Class A
 
2,200
14,497
Imeik Technology
Development Co. Ltd.
Class A
 
160
3,941
Industrial & Commercial
Bank of China Ltd.
Class A
 
41,700
39,641
Industrial & Commercial
Bank of China Ltd.
Class H
 
2,167,000
1,546,329
Industrial Bank Co. Ltd.
Class A
 
14,096
42,064
Industrial Securities Co.
Ltd. Class A
 
142
115
†Inner Mongolia BaoTou
Steel Union Co. Ltd.
Class A
 
37,400
9,234
Inner Mongolia Dian Tou
Energy Corp. Ltd. Class A
 
100
266
Inner Mongolia Junzheng
Energy & Chemical
Industry Group Co. Ltd.
Class A
 
10,700
8,078
Inner Mongolia Yili
Industrial Group Co. Ltd.
Class A
 
5,900
22,847
Inner Mongolia Yitai Coal
Co. Ltd. Class B
 
32,000
69,732
†Innovent Biologics, Inc.
 
38,500
231,649
Isoftstone Information
Technology Group Co.
Ltd. Class A
 
400
3,178
†J&T Global Express Ltd.
 
74,400
54,136
JA Solar Technology Co.
Ltd. Class A
 
4,692
7,464
JCET Group Co. Ltd.
Class A
 
1,900
9,221
†JD Health International,
Inc.
 
34,150
145,824
†JD Logistics, Inc.
 
62,500
101,000
 
 
Number of
Shares
Value
(U.S. $)
ΔCOMMON STOCK (continued)
China (continued)
JD.com, Inc. Class A
 
75,871
$1,560,783
Jiangsu Eastern Shenghong
Co. Ltd. Class A
 
1,100
1,258
Jiangsu Expressway Co.
Ltd. Class H
 
40,000
47,498
Jiangsu Hengli Hydraulic
Co. Ltd. Class A
 
832
9,163
Jiangsu Hengrui
Pharmaceuticals Co. Ltd.
Class A
 
4,222
28,587
Jiangsu King's Luck
Brewery JSC Ltd. Class A
 
200
1,458
Jiangsu Phoenix Publishing
& Media Corp. Ltd.
Class A
 
3,300
4,997
Jiangsu Yanghe Distillery
Co. Ltd. Class A
 
1,500
15,775
Jiangsu Yoke Technology
Co. Ltd. Class A
 
1,000
8,584
Jiangsu Yuyue Medical
Equipment & Supply Co.
Ltd. Class A
 
900
4,327
Jiangsu Zhongtian
Technology Co. Ltd.
Class A
 
4,500
9,053
Jiangxi Copper Co. Ltd.
Class A
 
2,900
9,249
Jiangxi Copper Co. Ltd.
Class H
 
32,000
56,310
Jinduicheng Molybdenum
Co. Ltd. Class A
 
2,500
3,649
Jinko Solar Co. Ltd.
Class A
 
12,077
10,807
Juneyao Airlines Co. Ltd.
Class A
 
1,900
3,436
†Kanzhun Ltd. ADR
 
8,300
159,111
KE Holdings, Inc. ADR
 
21,800
437,962
†Kingdee International
Software Group Co. Ltd.
 
96,000
163,430
Kingsoft Corp. Ltd.
 
29,200
142,208
†Kuaishou Technology
 
82,900
581,341
Kuang-Chi Technologies
Co. Ltd. Class A
 
2,200
11,513
Kunlun Energy Co. Ltd.
 
122,000
119,215
Kunlun Tech Co. Ltd.
Class A
 
1,600
7,606
Kweichow Moutai Co. Ltd.
Class A
 
900
193,850
LB Group Co. Ltd. Class A
 
3,100
7,614
Lenovo Group Ltd.
 
254,000
345,176
Lens Technology Co. Ltd.
Class A
 
4,200
14,724
†Li Auto, Inc. Class A
 
38,200
481,411
Li Ning Co. Ltd.
 
73,000
149,834
Liaoning Port Co. Ltd.
Class A
 
33,300
6,840
LVIP SSGA Emerging Markets Equity Index Fund–6
LVIP SSGA Emerging Markets Equity Index Fund
Schedule of Investments (continued)
 
 
Number of
Shares
Value
(U.S. $)
ΔCOMMON STOCK (continued)
China (continued)
Lingyi iTech Guangdong
Co. Class A
 
1,600
$2,009
Longfor Group Holdings
Ltd.
 
64,756
81,934
LONGi Green Energy
Technology Co. Ltd.
Class A
 
6,772
14,810
Luxshare Precision
Industry Co. Ltd. Class A
 
5,087
28,782
Luzhou Laojiao Co. Ltd.
Class A
 
800
14,326
Mango Excellent Media Co.
Ltd. Class A
 
2,400
9,159
Maxscend Microelectronics
Co. Ltd. Class A
 
752
8,351
Meihua Holdings Group Co.
Ltd. Class A
 
4,200
5,992
†Meituan Class B
 
153,040
3,079,542
Metallurgical Corp. of
China Ltd. Class A
 
1,800
750
†Midea Group Co. Ltd.
 
9,000
91,244
Midea Group Co. Ltd.
Class A
 
2,200
23,824
MINISO Group Holding Ltd.
ADR
 
2,865
52,974
Montage Technology Co.
Ltd. Class A
 
634
6,877
Muyuan Foods Co. Ltd.
Class A
 
4,850
25,916
NARI Technology Co. Ltd.
Class A
 
5,183
15,655
National Silicon Industry
Group Co. Ltd. Class A
 
3,770
9,691
NAURA Technology Group
Co. Ltd. Class A
 
500
28,820
NetEase, Inc.
 
60,100
1,234,611
New China Life Insurance
Co. Ltd. Class A
 
2,000
14,221
New China Life Insurance
Co. Ltd. Class H
 
27,400
104,761
†New Hope Liuhe Co. Ltd.
Class A
 
5,500
7,027
New Oriental Education &
Technology Group, Inc.
 
46,400
220,715
†Ninestar Corp. Class A
 
1,900
6,362
Ningbo Deye Technology
Co. Ltd. Class A
 
108
1,363
Ningbo Orient Wires &
Cables Co. Ltd. Class A
 
100
674
Ningbo Tuopu Group Co.
Ltd. Class A
 
1,165
9,419
Ningxia Baofeng Energy
Group Co. Ltd. Class A
 
4,800
9,621
†NIO, Inc. Class A
 
45,950
173,956
Nongfu Spring Co. Ltd.
Class H
 
63,400
275,035
 
 
Number of
Shares
Value
(U.S. $)
ΔCOMMON STOCK (continued)
China (continued)
Oppein Home Group, Inc.
Class A
 
600
$5,169
Orient Securities Co. Ltd.
Class A
 
5,416
7,060
†Pangang Group Vanadium
Titanium & Resources Co.
Ltd. Class A
 
8,831
3,449
People's Insurance Co.
Group of China Ltd.
Class A
 
6,600
6,210
People's Insurance Co.
Group of China Ltd.
Class H
 
274,000
141,933
PetroChina Co. Ltd.
Class A
 
11,500
13,060
PetroChina Co. Ltd.
Class H
 
662,000
536,722
Pharmaron Beijing Co. Ltd.
Class A
 
1,600
5,941
PICC Property & Casualty
Co. Ltd. Class H
 
212,000
392,563
Ping An Bank Co. Ltd.
Class A
 
10,892
16,922
Ping An Insurance Group
Co. of China Ltd. Class A
 
6,500
46,311
Ping An Insurance Group
Co. of China Ltd. Class H
 
209,000
1,247,511
Piotech, Inc. Class A
 
191
4,163
Poly Developments &
Holdings Group Co. Ltd.
Class A
 
9,800
11,159
Pop Mart International
Group Ltd.
 
17,000
343,582
Postal Savings Bank of
China Co. Ltd. Class A
 
26,100
18,761
Power Construction Corp.
of China Ltd. Class A
 
13,500
8,924
Qifu Technology, Inc. ADR
 
3,700
166,167
†Qinghai Salt Lake Industry
Co. Ltd. Class A
 
4,500
10,267
Rockchip Electronics Co.
Ltd. Class A
 
300
7,229
Rongsheng Petrochemical
Co. Ltd. Class A
 
9,550
11,341
SAIC Motor Corp. Ltd.
Class A
 
4,000
8,742
Sailun Group Co. Ltd.
Class A
 
4,100
8,175
Sanan Optoelectronics Co.
Ltd. Class A
 
100
164
Sany Heavy Industry Co.
Ltd. Class A
 
7,200
18,976
Satellite Chemical Co. Ltd.
Class A
 
978
3,100
SDIC Capital Co. Ltd.
Class A
 
200
195
LVIP SSGA Emerging Markets Equity Index Fund–7
LVIP SSGA Emerging Markets Equity Index Fund
Schedule of Investments (continued)
 
 
Number of
Shares
Value
(U.S. $)
ΔCOMMON STOCK (continued)
China (continued)
SDIC Power Holdings Co.
Ltd. Class A
 
6,200
$12,337
Seres Group Co. Ltd.
Class A
 
1,000
17,445
SF Holding Co. Ltd.
Class A
 
2,900
17,241
SG Micro Corp. Class A
 
372
4,497
Shaanxi Coal Industry Co.
Ltd. Class A
 
8,700
23,784
Shandong Gold Mining Co.
Ltd. Class A
 
1,580
5,889
Shandong Gold Mining Co.
Ltd. Class H
 
22,500
53,730
Shandong Hualu
Hengsheng Chemical Co.
Ltd. Class A
 
3,210
9,794
Shandong Linglong Tyre
Co. Ltd. Class A
 
1,900
4,660
Shandong Nanshan
Aluminum Co. Ltd.
Class A
 
11,200
5,897
Shandong Sun Paper
Industry JSC Ltd. Class A
 
3,700
7,505
Shandong Weigao Group
Medical Polymer Co. Ltd.
Class H
 
84,000
64,338
Shanghai Baosight
Software Co. Ltd. Class A
 
113
477
Shanghai Baosight
Software Co. Ltd. Class B
 
26,070
46,359
Shanghai BOCHU
Electronic Technology
Corp. Ltd. Class A
 
287
7,228
†Shanghai Electric Group
Co. Ltd. Class A
 
11,200
11,866
Shanghai Fosun
Pharmaceutical Group
Co. Ltd. Class A
 
2,500
8,559
Shanghai International
Airport Co. Ltd. Class A
 
2,100
9,364
Shanghai M&G Stationery,
Inc. Class A
 
1,200
5,057
Shanghai Pharmaceuticals
Holding Co. Ltd. Class A
 
4,400
11,253
Shanghai Pharmaceuticals
Holding Co. Ltd. Class H
 
21,600
31,090
Shanghai Pudong
Development Bank Co.
Ltd. Class A
 
19,600
28,177
Shanghai Putailai New
Energy Technology Co.
Ltd. Class A
 
192
486
Shanghai RAAS Blood
Products Co. Ltd. Class A
 
10,500
9,950
 
 
Number of
Shares
Value
(U.S. $)
ΔCOMMON STOCK (continued)
China (continued)
Shanghai Rural
Commercial Bank Co.
Ltd. Class A
 
7,000
$8,055
Shanghai United Imaging
Healthcare Co. Ltd.
Class A
 
364
6,113
Shanghai Zhangjiang
High-Tech Park
Development Co. Ltd.
Class A
 
2,000
6,871
Shanjin International Gold
Co. Ltd. Class A
 
4,280
11,418
Shanxi Coking Coal Energy
Group Co. Ltd. Class A
 
8,970
8,501
Shanxi Lu'an
Environmental Energy
Development Co. Ltd.
Class A
 
4,900
8,137
Shanxi Xinghuacun Fen
Wine Factory Co. Ltd.
Class A
 
680
20,098
Shengyi Technology Co.
Ltd. Class A
 
1,000
3,784
Shennan Circuits Co. Ltd.
Class A
 
220
3,865
Shenwan Hongyuan Group
Co. Ltd. Class A
 
18,500
12,591
Shenzhen Energy Group
Co. Ltd. Class A
 
6,000
5,249
Shenzhen Inovance
Technology Co. Ltd.
Class A
 
650
6,114
Shenzhen Mindray
Bio-Medical Electronics
Co. Ltd. Class A
 
800
25,818
Shenzhen New Industries
Biomedical Engineering
Co. Ltd. Class A
 
1,000
8,013
Shenzhen Salubris
Pharmaceuticals Co. Ltd.
Class A
 
1,400
6,341
Shenzhen Transsion
Holdings Co. Ltd. Class A
 
899
11,263
Shenzhou International
Group Holdings Ltd.
 
26,000
195,499
Shijiazhuang Yiling
Pharmaceutical Co. Ltd.
Class A
 
1,940
3,757
Sichuan Chuantou Energy
Co. Ltd. Class A
 
6,200
13,720
Sichuan Kelun
Pharmaceutical Co. Ltd.
Class A
 
1,900
8,437
Sichuan Road & Bridge
Group Co. Ltd. Class A
 
140
153
LVIP SSGA Emerging Markets Equity Index Fund–8
LVIP SSGA Emerging Markets Equity Index Fund
Schedule of Investments (continued)
 
 
Number of
Shares
Value
(U.S. $)
ΔCOMMON STOCK (continued)
China (continued)
Sieyuan Electric Co. Ltd.
Class A
 
200
$2,101
Silergy Corp.
 
10,000
116,158
Sinotruk Hong Kong Ltd.
 
23,500
63,829
Smoore International
Holdings Ltd.
 
56,000
95,679
SooChow Securities Co.
Ltd. Class A
 
4,780
5,149
Southwest Securities Co.
Ltd. Class A
 
8,100
4,852
Spring Airlines Co. Ltd.
Class A
 
1,100
7,871
Sungrow Power Supply Co.
Ltd. Class A
 
1,080
10,356
Sunny Optical Technology
Group Co. Ltd.
 
22,500
207,707
Sunwoda Electronic Co.
Ltd. Class A
 
200
612
SUPCON Technology Co.
Ltd. Class A
 
1,090
8,004
Suzhou Dongshan
Precision Manufacturing
Co. Ltd. Class A
 
1,300
5,896
Suzhou Maxwell
Technologies Co. Ltd.
Class A
 
480
5,437
Suzhou TFC Optical
Communication Co. Ltd.
Class A
 
140
1,669
†TAL Education Group ADR
 
13,000
171,730
TBEA Co. Ltd. Class A
 
760
1,260
TCL Technology Group
Corp. Class A
 
9,580
5,878
TCL Zhonghuan Renewable
Energy Technology Co.
Ltd. Class A
 
7,525
9,240
Tencent Holdings Ltd.
 
200,900
12,836,687
Tencent Music
Entertainment Group
ADR
 
23,600
340,076
Tianqi Lithium Corp.
Class A
 
100
418
Tianshui Huatian
Technology Co. Ltd.
Class A
 
1,900
2,787
Tingyi Cayman Islands
Holding Corp.
 
60,000
100,732
Tongcheng Travel Holdings
Ltd.
 
38,400
103,251
TongFu Microelectronics
Co. Ltd. Class A
 
1,032
3,832
Tongkun Group Co. Ltd.
Class A
 
3,100
5,013
Tongling Nonferrous Metals
Group Co. Ltd. Class A
 
16,600
7,881
Tongwei Co. Ltd. Class A
 
3,600
9,505
 
 
Number of
Shares
Value
(U.S. $)
ΔCOMMON STOCK (continued)
China (continued)
TravelSky Technology Ltd.
Class H
 
31,000
$46,031
Trina Solar Co. Ltd.
Class A
 
3,105
7,220
Trip.com Group Ltd.
 
19,200
1,220,482
Tsingtao Brewery Co. Ltd.
Class A
 
1,000
10,530
Tsingtao Brewery Co. Ltd.
Class H
 
18,000
129,621
Unigroup Guoxin
Microelectronics Co. Ltd.
Class A
 
919
8,366
Unisplendour Corp. Ltd.
Class A
 
1,180
4,489
Universal Scientific
Industrial Shanghai Co.
Ltd. Class A
 
1,600
3,862
†Vipshop Holdings Ltd. ADR
 
10,000
156,800
Wanhua Chemical Group
Co. Ltd. Class A
 
2,820
26,148
Want Want China Holdings
Ltd.
 
144,000
90,686
Weichai Power Co. Ltd.
Class A
 
3,700
8,395
Weichai Power Co. Ltd.
Class H
 
61,000
128,475
Weihai Guangwei
Composites Co. Ltd.
Class A
 
120
515
Wens Foodstuff Group Co.
Ltd. Class A
 
5,420
12,464
Western Mining Co. Ltd.
Class A
 
3,400
8,010
Western Securities Co. Ltd.
Class A
 
6,100
6,596
Western Superconducting
Technologies Co. Ltd.
Class A
 
795
5,093
Will Semiconductor Co.
Ltd. Shanghai Class A
 
965
17,795
Wingtech Technology Co.
Ltd. Class A
 
1,700
7,666
Wuhan Guide Infrared Co.
Ltd. Class A
 
9,321
10,228
Wuliangye Yibin Co. Ltd.
Class A
 
2,500
45,316
WUS Printed Circuit
Kunshan Co. Ltd. Class A
 
910
4,184
WuXi AppTec Co. Ltd.
Class A
 
2,232
20,798
WuXi AppTec Co. Ltd.
Class H
 
9,056
80,873
†Wuxi Biologics Cayman,
Inc.
 
108,000
377,723
LVIP SSGA Emerging Markets Equity Index Fund–9
LVIP SSGA Emerging Markets Equity Index Fund
Schedule of Investments (continued)
 
 
Number of
Shares
Value
(U.S. $)
ΔCOMMON STOCK (continued)
China (continued)
XCMG Construction
Machinery Co. Ltd.
Class A
 
11,000
$13,090
Xiamen C & D, Inc. Class A
 
3,200
4,565
Xiamen Tungsten Co. Ltd.
Class A
 
1,800
4,807
†Xiaomi Corp. Class B
 
512,200
3,241,063
Xinjiang Daqo New Energy
Co. Ltd. Class A
 
2,066
5,534
Xinyi Solar Holdings Ltd.
 
136,546
52,763
†XPeng, Inc. Class A
 
39,200
405,105
Yadea Group Holdings Ltd.
 
38,449
74,899
Yankuang Energy Group
Co. Ltd. Class A
 
2,265
4,164
Yankuang Energy Group
Co. Ltd. Class H
 
104,800
108,780
Yealink Network
Technology Corp. Ltd.
Class A
 
1,690
9,528
Yifeng Pharmacy Chain Co.
Ltd. Class A
 
1,623
5,571
Yihai Kerry Arawana
Holdings Co. Ltd. Class A
 
992
4,304
†Yonyou Network
Technology Co. Ltd.
Class A
 
3,640
7,627
Youngor Fashion Co. Ltd.
Class A
 
4,200
4,675
YTO Express Group Co. Ltd.
Class A
 
4,600
8,068
Yum China Holdings, Inc.
 
11,800
614,308
Yunnan Aluminium Co. Ltd.
Class A
 
4,500
10,801
Yunnan Baiyao Group Co.
Ltd. Class A
 
1,680
13,149
Yunnan Energy New
Material Co. Ltd. Class A
 
1,900
8,091
Yunnan Yuntianhua Co.
Ltd. Class A
 
2,100
6,622
Yutong Bus Co. Ltd.
Class A
 
2,500
9,157
Zangge Mining Co. Ltd.
Class A
 
2,100
10,401
Zhangzhou Pientzehuang
Pharmaceutical Co. Ltd.
Class A
 
500
13,933
Zhaojin Mining Industry
Co. Ltd. Class H
 
45,500
90,885
Zhejiang China
Commodities City Group
Co. Ltd. Class A
 
2,600
5,463
Zhejiang Chint Electrics
Co. Ltd. Class A
 
2,900
9,436
Zhejiang Dahua Technology
Co. Ltd. Class A
 
4,500
10,592
 
 
Number of
Shares
Value
(U.S. $)
ΔCOMMON STOCK (continued)
China (continued)
Zhejiang Dingli Machinery
Co. Ltd. Class A
 
640
$5,219
Zhejiang Expressway Co.
Ltd. Class H
 
42,600
34,773
Zhejiang Huayou Cobalt Co.
Ltd. Class A
 
1,960
9,232
Zhejiang Jingsheng
Mechanical & Electrical
Co. Ltd. Class A
 
1,400
6,183
Zhejiang Juhua Co. Ltd.
Class A
 
900
3,077
†Zhejiang Leapmotor
Technology Co. Ltd.
 
16,600
107,691
Zhejiang NHU Co. Ltd.
Class A
 
964
2,976
Zhejiang Sanhua
Intelligent Controls Co.
Ltd. Class A
 
600
2,401
Zhejiang Supor Co. Ltd.
Class A
 
700
5,639
Zhejiang Weiming
Environment Protection
Co. Ltd. Class A
 
2,200
6,465
Zhejiang Zheneng Electric
Power Co. Ltd. Class A
 
10,400
8,180
Zheshang Securities Co.
Ltd. Class A
 
3,900
6,128
Zhongji Innolight Co. Ltd.
Class A
 
940
13,082
Zhongjin Gold Corp. Ltd.
Class A
 
4,100
8,002
Zhongsheng Group
Holdings Ltd.
 
23,500
41,386
Zhongtai Securities Co.
Ltd. Class A
 
100
89
Zhuzhou CRRC Times
Electric Co. Ltd. Class A
 
1,228
8,016
Zhuzhou CRRC Times
Electric Co. Ltd. Class H
 
15,700
65,177
Zijin Mining Group Co. Ltd.
Class A
 
13,100
32,943
Zijin Mining Group Co. Ltd.
Class H
 
178,000
406,177
ZTE Corp. Class A
 
3,400
16,110
ZTE Corp. Class H
 
23,000
70,966
ZTO Express Cayman, Inc.
 
13,350
263,936
 
 
65,439,841
Colombia–0.06%
Bancolombia SA
 
7,548
84,829
Interconexion Electrica SA
ESP
 
13,828
63,155
 
 
147,984
Czech Republic–0.17%
CEZ AS
 
5,113
253,187
LVIP SSGA Emerging Markets Equity Index Fund–10
LVIP SSGA Emerging Markets Equity Index Fund
Schedule of Investments (continued)
 
 
Number of
Shares
Value
(U.S. $)
ΔCOMMON STOCK (continued)
Czech Republic (continued)
Komercni Banka AS
 
2,336
$113,249
Moneta Money Bank AS
 
8,517
54,019
 
 
420,455
Egypt–0.07%
Commercial International
Bank - Egypt (CIB)
 
71,054
115,847
Eastern Co. SAE
 
46,491
30,568
Talaat Moustafa Group
 
24,118
25,325
 
 
171,740
Greece–0.56%
Alpha Services & Holdings
SA
 
71,106
170,784
Eurobank Ergasias Services
& Holdings SA Class A
 
81,963
220,174
Hellenic
Telecommunications
Organization SA
 
4,930
80,204
Jumbo SA
 
3,592
98,476
Metlen Energy & Metals
SA
 
3,426
150,987
National Bank of Greece
SA
 
26,474
272,099
OPAP SA
 
5,774
114,705
Piraeus Financial Holdings
SA
 
33,798
185,711
Public Power Corp. SA
 
5,248
78,804
 
 
1,371,944
Hong Kong–0.86%
†Alibaba Health Information
Technology Ltd.
 
176,000
107,086
Bank of Communications
Co. Ltd. Class H
 
281,000
251,106
Beijing Enterprises
Holdings Ltd.
 
14,000
53,008
BOC Aviation Ltd.
 
7,000
54,688
Bosideng International
Holdings Ltd.
 
120,000
61,572
C&D International
Investment Group Ltd.
 
19,326
40,401
China Gas Holdings Ltd.
 
81,398
74,222
China Merchants Port
Holdings Co. Ltd.
 
37,740
64,891
China Minsheng Banking
Corp. Ltd. Class H
 
220,000
99,202
China National Building
Material Co. Ltd. Class H
 
83,696
43,194
China Railway Group Ltd.
Class H
 
123,000
54,413
China Resources Gas Group
Ltd.
 
28,900
86,217
China State Construction
International Holdings
Ltd.
 
60,000
77,663
 
 
Number of
Shares
Value
(U.S. $)
ΔCOMMON STOCK (continued)
Hong Kong (continued)
Chow Tai Fook Jewellery
Group Ltd.
 
63,600
$72,059
Geely Automobile Holdings
Ltd.
 
187,000
401,415
Guangdong Investment
Ltd.
 
88,000
64,789
Orient Overseas
International Ltd.
 
4,500
66,612
Postal Savings Bank of
China Co. Ltd. Class H
 
280,000
173,261
Sino Biopharmaceutical
Ltd.
 
322,000
155,695
Sinopharm Group Co. Ltd.
Class H
 
42,800
99,322
 
 
2,100,816
Hungary–0.28%
MOL Hungarian Oil & Gas
PLC
 
12,653
99,780
OTP Bank Nyrt
 
6,938
466,802
Richter Gedeon Nyrt
 
4,399
121,167
 
 
687,749
India–18.43%
ABB India Ltd.
 
1,681
108,490
Adani Enterprises Ltd.
 
4,704
126,859
Adani Ports & Special
Economic Zone Ltd.
 
17,149
236,132
†Adani Power Ltd.
 
18,126
107,129
Alkem Laboratories Ltd.
 
1,274
72,570
Ambuja Cements Ltd.
 
19,802
124,090
APL Apollo Tubes Ltd.
 
5,770
102,796
Apollo Hospitals Enterprise
Ltd.
 
3,042
234,945
Ashok Leyland Ltd.
 
46,590
110,446
Asian Paints Ltd.
 
11,744
320,869
Astral Ltd.
 
3,976
60,052
AU Small Finance Bank
Ltd.
 
11,519
71,694
†Aurobindo Pharma Ltd.
 
8,285
112,081
†Avenue Supermarts Ltd.
 
5,131
244,662
Axis Bank Ltd.
 
70,961
910,250
Bajaj Auto Ltd.
 
2,124
194,977
Bajaj Finance Ltd.
 
8,608
896,857
Bajaj Finserv Ltd.
 
12,122
283,477
Bajaj Holdings &
Investment Ltd.
 
845
122,937
Balkrishna Industries Ltd.
 
2,292
68,296
Bank of Baroda
 
31,416
83,581
Bharat Electronics Ltd.
 
110,606
386,894
Bharat Forge Ltd.
 
8,087
110,006
Bharat Heavy Electricals
Ltd.
 
31,441
78,961
Bharat Petroleum Corp.
Ltd.
 
48,172
156,007
LVIP SSGA Emerging Markets Equity Index Fund–11
LVIP SSGA Emerging Markets Equity Index Fund
Schedule of Investments (continued)
 
 
Number of
Shares
Value
(U.S. $)
ΔCOMMON STOCK (continued)
India (continued)
Bharti Airtel Ltd.
 
79,538
$1,607,963
Bosch Ltd.
 
219
72,482
Britannia Industries Ltd.
 
3,420
197,047
BSE Ltd.
 
2,105
134,025
Canara Bank
 
57,122
59,104
CG Power & Industrial
Solutions Ltd.
 
19,516
144,969
Cholamandalam
Investment & Finance Co.
Ltd.
 
13,285
235,227
Cipla Ltd.
 
16,005
268,962
Coal India Ltd.
 
56,300
261,014
Colgate-Palmolive India
Ltd.
 
4,233
118,177
Container Corp. of India
Ltd.
 
7,036
56,712
Cummins India Ltd.
 
4,406
156,396
Dabur India Ltd.
 
16,336
96,603
Divi's Laboratories Ltd.
 
3,783
254,913
Dixon Technologies India
Ltd.
 
1,131
173,469
DLF Ltd.
 
23,407
185,020
Dr. Reddy's Laboratories
Ltd.
 
17,714
236,686
Eicher Motors Ltd.
 
4,338
270,620
GAIL India Ltd.
 
73,114
155,775
†GMR Airports Ltd.
 
78,318
68,909
Godrej Consumer Products
Ltd.
 
12,806
173,185
†Godrej Properties Ltd.
 
4,747
117,320
Grasim Industries Ltd.
 
8,315
253,232
Havells India Ltd.
 
8,005
142,707
HCL Technologies Ltd.
 
29,405
544,737
HDFC Asset Management
Co. Ltd.
 
2,893
135,353
HDFC Bank Ltd.
 
175,902
3,749,563
HDFC Life Insurance Co.
Ltd.
 
30,594
244,507
Hero MotoCorp Ltd.
 
3,790
164,473
Hindalco Industries Ltd.
 
42,596
338,005
Hindustan Aeronautics
Ltd.
 
6,342
308,159
Hindustan Petroleum Corp.
Ltd.
 
30,389
127,205
Hindustan Unilever Ltd.
 
25,453
672,145
†Hyundai Motor India Ltd.
 
5,101
101,913
ICICI Bank Ltd.
 
162,313
2,551,238
ICICI Lombard General
Insurance Co. Ltd.
 
7,656
160,266
ICICI Prudential Life
Insurance Co. Ltd.
 
10,854
71,446
†IDFC First Bank Ltd.
 
108,555
69,454
Indian Hotels Co. Ltd.
 
27,055
247,916
Indian Oil Corp. Ltd.
 
89,713
132,972
 
 
Number of
Shares
Value
(U.S. $)
ΔCOMMON STOCK (continued)
India (continued)
Indian Railway Catering &
Tourism Corp. Ltd.
 
8,024
$67,990
†Indus Towers Ltd.
 
37,665
146,462
IndusInd Bank Ltd.
 
18,097
136,938
Info Edge India Ltd.
 
2,250
187,856
Infosys Ltd.
 
103,224
1,891,430
†InterGlobe Aviation Ltd.
 
5,963
355,391
ITC Ltd.
 
92,222
440,655
Jindal Stainless Ltd.
 
10,474
70,860
Jindal Steel & Power Ltd.
 
13,011
137,694
†Jio Financial Services Ltd.
 
90,339
239,242
JSW Energy Ltd.
 
13,376
83,843
JSW Steel Ltd.
 
18,446
227,504
Jubilant Foodworks Ltd.
 
11,529
89,252
Kalyan Jewellers India
Ltd.
 
12,690
68,963
Kotak Mahindra Bank Ltd.
 
33,861
857,214
Larsen & Toubro Ltd.
 
20,862
848,380
LTIMindtree Ltd.
 
2,348
122,660
Lupin Ltd.
 
7,235
171,311
Macrotech Developers Ltd.
 
9,432
131,595
Mahindra & Mahindra Ltd.
 
28,912
897,406
†Mankind Pharma Ltd.
 
3,885
109,749
Marico Ltd.
 
16,375
124,568
Maruti Suzuki India Ltd.
 
3,891
522,702
Max Healthcare Institute
Ltd.
 
24,599
314,639
Mphasis Ltd.
 
3,273
95,328
MRF Ltd.
 
72
94,644
Muthoot Finance Ltd.
 
3,718
103,370
Nestle India Ltd.
 
10,251
269,357
NHPC Ltd.
 
91,206
87,062
NMDC Ltd.
 
91,377
73,056
NTPC Ltd.
 
134,618
559,680
Oberoi Realty Ltd.
 
3,952
75,266
Oil & Natural Gas Corp.
Ltd.
 
96,222
276,525
Oil India Ltd.
 
14,521
65,512
Oracle Financial Services
Software Ltd.
 
645
58,778
Page Industries Ltd.
 
191
95,191
†PB Fintech Ltd.
 
10,106
186,627
Persistent Systems Ltd.
 
3,456
221,790
Petronet LNG Ltd.
 
22,891
78,406
Phoenix Mills Ltd.
 
6,212
119,032
PI Industries Ltd.
 
2,375
94,970
Pidilite Industries Ltd.
 
4,825
160,563
Polycab India Ltd.
 
1,745
104,605
Power Finance Corp. Ltd.
 
46,964
225,971
Power Grid Corp. of India
Ltd.
 
143,512
485,667
Prestige Estates Projects
Ltd.
 
5,343
73,805
Punjab National Bank
 
72,809
81,403
Rail Vikas Nigam Ltd.
 
15,399
62,761
LVIP SSGA Emerging Markets Equity Index Fund–12
LVIP SSGA Emerging Markets Equity Index Fund
Schedule of Investments (continued)
 
 
Number of
Shares
Value
(U.S. $)
ΔCOMMON STOCK (continued)
India (continued)
REC Ltd.
 
41,632
$207,530
Reliance Industries Ltd.
 
189,168
2,812,421
Samvardhana Motherson
International Ltd.
 
100,338
152,353
SBI Cards & Payment
Services Ltd.
 
8,975
92,256
SBI Life Insurance Co.
Ltd.
 
14,247
256,983
Shree Cement Ltd.
 
269
95,661
Shriram Finance Ltd.
 
44,579
340,442
Siemens Ltd.
 
2,822
173,178
Solar Industries India Ltd.
 
812
106,151
Sona Blw Precision
Forgings Ltd.
 
13,732
73,631
SRF Ltd.
 
4,232
145,133
State Bank of India
 
55,079
495,199
Sun Pharmaceutical
Industries Ltd.
 
29,511
598,032
Sundaram Finance Ltd.
 
2,084
111,234
Supreme Industries Ltd.
 
1,964
78,310
†Suzlon Energy Ltd.
 
303,061
199,326
Tata Communications Ltd.
 
3,570
65,611
Tata Consultancy Services
Ltd.
 
28,093
1,181,776
Tata Consumer Products
Ltd.
 
18,734
218,663
Tata Elxsi Ltd.
 
1,140
69,263
Tata Motors Ltd.
 
62,570
490,590
Tata Power Co. Ltd.
 
50,499
220,538
Tata Steel Ltd.
 
228,177
407,616
Tech Mahindra Ltd.
 
16,471
271,679
Thermax Ltd.
 
1,343
57,223
Titan Co. Ltd.
 
10,958
391,064
Torrent Pharmaceuticals
Ltd.
 
3,718
139,942
Torrent Power Ltd.
 
5,335
92,185
Trent Ltd.
 
5,737
355,632
Tube Investments of India
Ltd.
 
3,367
108,536
TVS Motor Co. Ltd.
 
7,513
211,791
UltraTech Cement Ltd.
 
3,542
475,093
Union Bank of India Ltd.
 
44,932
65,831
United Spirits Ltd.
 
9,180
150,203
†UPL Ltd.
 
15,437
110,063
Varun Beverages Ltd.
 
42,459
267,167
Vedanta Ltd.
 
43,430
234,032
†Vodafone Idea Ltd.
 
809,769
64,055
Voltas Ltd.
 
6,823
116,078
Wipro Ltd.
 
82,844
252,678
†Yes Bank Ltd.
 
437,504
85,996
†Zomato Ltd.
 
227,198
533,708
Zydus Lifesciences Ltd.
 
7,710
79,747
 
 
45,033,200
 
 
Number of
Shares
Value
(U.S. $)
ΔCOMMON STOCK (continued)
Indonesia–1.24%
Alamtri Resources
Indonesia Tbk. PT
 
421,800
$46,858
†Amman Mineral
Internasional PT
 
202,500
65,396
Astra International Tbk.
PT
 
636,400
188,342
Bank Central Asia Tbk. PT
 
1,718,900
882,286
†Bank Mandiri Persero Tbk.
PT
 
1,147,000
356,071
†Bank Negara Indonesia
Persero Tbk. PT
 
469,900
119,183
Bank Rakyat Indonesia
Persero Tbk. PT
 
2,110,359
510,141
Barito Pacific Tbk. PT
 
779,798
33,178
Chandra Asri Pacific Tbk.
PT
 
245,200
106,609
Charoen Pokphand
Indonesia Tbk. PT
 
215,600
57,019
†GoTo Gojek Tokopedia Tbk.
PT
 
28,452,400
141,498
Indofood CBP Sukses
Makmur Tbk. PT
 
79,300
48,725
Indofood Sukses Makmur
Tbk. PT
 
127,700
54,714
Kalbe Farma Tbk. PT
 
652,800
44,742
Sumber Alfaria Trijaya Tbk.
PT
 
584,500
72,347
Telkom Indonesia Persero
Tbk. PT
 
1,561,500
226,776
United Tractors Tbk. PT
 
47,100
66,769
 
 
3,020,654
Ireland–1.05%
†PDD Holdings, Inc. ADR
 
21,600
2,556,360
 
 
2,556,360
Kuwait–0.81%
Boubyan Bank KSCP
 
45,315
100,782
Gulf Bank KSCP
 
59,902
69,136
Kuwait Finance House
KSCP
 
317,247
817,674
†Mabanee Co. KPSC
 
21,313
57,005
Mobile
Telecommunications Co.
KSCP
 
59,896
93,208
National Bank of Kuwait
SAKP
 
245,321
833,511
 
 
1,971,316
Luxembourg–0.06%
Reinet Investments SCA
 
4,341
105,408
†Zabka Group SA
 
9,417
50,296
 
 
155,704
Malaysia–1.35%
AMMB Holdings Bhd.
 
77,200
97,585
LVIP SSGA Emerging Markets Equity Index Fund–13
LVIP SSGA Emerging Markets Equity Index Fund
Schedule of Investments (continued)
 
 
Number of
Shares
Value
(U.S. $)
ΔCOMMON STOCK (continued)
Malaysia (continued)
Axiata Group Bhd.
 
92,561
$37,455
CelcomDigi Bhd.
 
102,800
80,736
CIMB Group Holdings Bhd.
 
252,707
400,394
Gamuda Bhd.
 
144,822
137,874
Genting Bhd.
 
64,500
47,414
Hong Leong Bank Bhd.
 
20,100
91,461
IHH Healthcare Bhd.
 
69,500
108,381
IOI Corp. Bhd.
 
77,000
63,388
Kuala Lumpur Kepong
Bhd.
 
14,909
69,547
Malayan Banking Bhd.
 
166,370
379,839
Maxis Bhd.
 
71,800
54,961
MISC Bhd.
 
44,500
71,990
Mr. DIY Group M Bhd.
 
119,950
38,238
Nestle Malaysia Bhd.
 
1,900
31,862
Petronas Chemicals Group
Bhd.
 
85,800
70,277
Petronas Dagangan Bhd.
 
9,900
40,834
Petronas Gas Bhd.
 
24,700
93,957
PPB Group Bhd.
 
19,400
50,351
Press Metal Aluminium
Holdings Bhd.
 
117,500
133,857
Public Bank Bhd.
 
447,900
447,045
QL Resources Bhd.
 
50,300
53,036
RHB Bank Bhd.
 
44,788
69,037
SD Guthrie Bhd.
 
64,987
71,967
Sime Darby Bhd.
 
91,700
45,804
Sunway Bhd.
 
73,200
75,079
Telekom Malaysia Bhd.
 
39,059
57,772
Tenaga Nasional Bhd.
 
91,700
276,990
YTL Corp. Bhd.
 
103,100
46,726
YTL Power International
Bhd.
 
78,800
59,489
 
 
3,303,346
Mexico–1.97%
†Alfa SAB de CV Class A
 
109,821
85,541
America Movil SAB de CV
 
566,100
403,320
Arca Continental SAB de
CV
 
16,400
171,489
Cemex SAB de CV
 
464,100
260,574
Coca-Cola Femsa SAB de
CV
 
16,500
151,418
Fibra Uno Administracion
SA de CV
 
90,100
105,226
Fomento Economico
Mexicano SAB de CV
 
54,200
527,500
Gruma SAB de CV Class B
 
5,675
102,022
Grupo Aeroportuario del
Centro Norte SAB de CV
 
8,700
85,450
Grupo Aeroportuario del
Pacifico SAB de CV
Class B
 
12,265
226,577
 
 
Number of
Shares
Value
(U.S. $)
ΔCOMMON STOCK (continued)
Mexico (continued)
Grupo Aeroportuario del
Sureste SAB de CV
Class B
 
5,730
$156,560
Grupo Bimbo SAB de CV
 
41,200
111,715
Grupo Carso SAB de CV
 
17,717
103,231
Grupo Comercial Chedraui
SA de CV
 
9,100
51,137
Grupo Financiero Banorte
SAB de CV Class O
 
80,500
558,892
†Grupo Financiero Inbursa
SAB de CV Class O
 
58,000
130,400
Grupo Mexico SAB de CV
 
96,600
482,611
†Industrias Penoles SAB de
CV
 
6,160
114,540
Kimberly-Clark de Mexico
SAB de CV Class A
 
47,400
77,662
Prologis Property Mexico
SA de CV
 
33,829
108,622
Promotora y Operadora de
Infraestructura SAB de
CV
 
5,485
55,261
Qualitas Controladora SAB
de CV
 
6,300
54,767
Southern Copper Corp.
 
2,698
252,155
Wal-Mart de Mexico SAB de
CV
 
162,100
448,093
 
 
4,824,763
Netherlands–0.06%
NEPI Rockcastle NV
 
19,020
137,471
 
 
137,471
Peru–0.19%
Cia de Minas Buenaventura
SAA ADR
 
5,200
81,276
Credicorp Ltd.
 
2,100
390,936
 
 
472,212
Philippines–0.50%
Ayala Corp.
 
7,440
77,012
Ayala Land, Inc.
 
204,900
82,592
Bank of the Philippine
Islands
 
66,198
152,705
BDO Unibank, Inc.
 
75,634
202,616
International Container
Terminal Services, Inc.
 
32,510
201,678
Jollibee Foods Corp.
 
13,880
58,212
Manila Electric Co.
 
9,130
87,750
Metropolitan Bank & Trust
Co.
 
58,104
74,242
PLDT, Inc.
 
2,320
51,486
SM Investments Corp.
 
6,840
94,354
SM Prime Holdings, Inc.
 
321,500
135,104
 
 
1,217,751
LVIP SSGA Emerging Markets Equity Index Fund–14
LVIP SSGA Emerging Markets Equity Index Fund
Schedule of Investments (continued)
 
 
Number of
Shares
Value
(U.S. $)
ΔCOMMON STOCK (continued)
Poland–1.01%
†Allegro.eu SA
 
18,317
$148,593
Bank Polska Kasa Opieki
SA
 
5,775
264,008
CD Projekt SA
 
2,033
111,720
†Dino Polska SA
 
1,544
180,218
KGHM Polska Miedz SA
 
4,420
144,486
LPP SA
 
35
159,702
†mBank SA
 
468
98,361
ORLEN SA
 
17,701
311,779
†PGE Polska Grupa
Energetyczna SA
 
30,272
62,293
Powszechna Kasa
Oszczednosci Bank Polski
SA
 
27,063
528,419
Powszechny Zaklad
Ubezpieczen SA
 
18,291
265,746
Santander Bank Polska SA
 
1,284
184,891
 
 
2,460,216
Qatar–0.78%
Al Rayan Bank
 
191,835
118,548
Barwa Real Estate Co.
 
58,857
42,676
Commercial Bank PSQC
 
102,955
117,993
Dukhan Bank
 
57,348
55,631
Industries Qatar QSC
 
48,491
171,670
Mesaieed Petrochemical
Holding Co.
 
159,959
63,088
Ooredoo QPSC
 
24,514
79,447
Qatar Electricity & Water
Co. QSC
 
13,093
53,508
Qatar Fuel QSC
 
19,148
78,096
Qatar Gas Transport Co.
Ltd.
 
86,801
111,213
Qatar International Islamic
Bank QSC
 
30,214
84,642
Qatar Islamic Bank QPSC
 
54,096
305,156
Qatar National Bank QPSC
 
143,395
631,997
 
 
1,913,665
Republic of Korea–8.67%
†Alteogen, Inc.
 
1,260
307,997
Amorepacific Corp.
 
917
63,528
Celltrion, Inc.
 
4,843
559,441
CJ CheilJedang Corp.
 
280
47,043
Coway Co. Ltd.
 
1,695
93,375
DB Insurance Co. Ltd.
 
1,443
87,168
Doosan Bobcat, Inc.
 
1,863
63,615
†Doosan Enerbility Co. Ltd.
 
14,230
228,478
†Ecopro BM Co. Ltd.
 
1,549
102,241
Ecopro Co. Ltd.
 
3,225
109,682
†Ecopro Materials Co. Ltd.
 
603
23,939
Hana Financial Group, Inc.
 
8,849
361,308
Hanjin Kal Corp.
 
646
35,763
Hankook Tire & Technology
Co. Ltd.
 
2,431
65,456
 
 
Number of
Shares
Value
(U.S. $)
ΔCOMMON STOCK (continued)
Republic of Korea (continued)
Hanmi Semiconductor Co.
Ltd.
 
1,349
$64,499
Hanwha Aerospace Co.
Ltd.
 
988
424,528
†Hanwha Ocean Co. Ltd.
 
2,833
130,370
HD Hyundai Co. Ltd.
 
1,284
63,493
HD Hyundai Electric Co.
Ltd.
 
743
151,631
HD Hyundai Heavy
Industries Co. Ltd.
 
707
135,207
HD Korea Shipbuilding &
Offshore Engineering Co.
Ltd.
 
1,351
186,038
†HLB, Inc.
 
3,730
140,217
HMM Co. Ltd.
 
8,265
110,368
HYBE Co. Ltd.
 
720
115,688
Hyundai Glovis Co. Ltd.
 
1,182
90,878
Hyundai Mobis Co. Ltd.
 
1,857
330,462
Hyundai Motor Co.
 
4,201
567,429
Hyundai Rotem Co. Ltd.
 
2,425
174,404
Industrial Bank of Korea
 
8,575
83,206
Kakao Corp.
 
9,800
261,253
KakaoBank Corp.
 
5,064
76,474
KB Financial Group, Inc.
 
11,587
628,058
Kia Corp.
 
7,369
466,079
Korea Aerospace Industries
Ltd.
 
2,224
114,237
Korea Electric Power
Corp.
 
8,131
119,998
Korea Investment Holdings
Co. Ltd.
 
1,368
68,408
Korea Zinc Co. Ltd.
 
127
67,250
Korean Air Lines Co. Ltd.
 
5,695
82,907
†Krafton, Inc.
 
906
207,193
KT&G Corp.
 
2,860
196,716
LG Chem Ltd.
 
1,566
263,345
LG Corp.
 
2,568
113,261
†LG Display Co. Ltd.
 
9,492
57,202
LG Electronics, Inc.
 
3,380
178,288
†LG Energy Solution Ltd.
 
1,442
330,293
LG H&H Co. Ltd.
 
289
61,567
LG Innotek Co. Ltd.
 
433
47,586
LG Uplus Corp.
 
6,565
45,944
LS Electric Co. Ltd.
 
478
58,518
Meritz Financial Group,
Inc.
 
3,018
252,298
Mirae Asset Securities Co.
Ltd.
 
6,951
43,595
NAVER Corp.
 
4,400
575,008
NCSoft Corp.
 
375
38,193
NH Investment &
Securities Co. Ltd.
 
4,353
41,763
Orion Corp.
 
672
53,967
†POSCO Future M Co. Ltd.
 
961
79,378
POSCO Holdings, Inc.
 
2,164
412,693
LVIP SSGA Emerging Markets Equity Index Fund–15
LVIP SSGA Emerging Markets Equity Index Fund
Schedule of Investments (continued)
 
 
Number of
Shares
Value
(U.S. $)
ΔCOMMON STOCK (continued)
Republic of Korea (continued)
Posco International Corp.
 
1,573
$53,033
†Samsung Biologics Co. Ltd.
 
547
379,624
Samsung C&T Corp.
 
2,815
224,850
Samsung
Electro-Mechanics Co.
Ltd.
 
1,780
157,662
Samsung Electronics Co.
Ltd.
 
148,511
5,887,787
Samsung Fire & Marine
Insurance Co. Ltd.
 
974
237,704
†Samsung Heavy Industries
Co. Ltd.
 
20,973
193,463
Samsung Life Insurance
Co. Ltd.
 
2,529
142,965
Samsung SDI Co. Ltd.
 
1,742
225,124
Samsung SDS Co. Ltd.
 
1,348
106,746
Shinhan Financial Group
Co. Ltd.
 
13,207
422,662
†SK Biopharmaceuticals Co.
Ltd.
 
994
67,798
SK Hynix, Inc.
 
16,973
2,262,602
†SK Innovation Co. Ltd.
 
2,133
164,105
†SK Square Co. Ltd.
 
2,985
191,210
SK Telecom Co. Ltd.
 
1,504
56,652
SK, Inc.
 
1,145
101,352
†SKC Co. Ltd.
 
601
42,651
S-Oil Corp.
 
1,405
53,648
Woori Financial Group,
Inc.
 
19,943
225,210
Yuhan Corp.
 
1,786
133,632
 
 
21,189,404
Russia–0.00%
=πAlrosa PJSC
 
238,813
0
=πGazprom PJSC
 
958,422
0
†=πGazprom PJSC ADR
 
40,705
0
†=πGMK Norilskiy Nickel PAO
 
595,900
0
=πInter RAO UES PJSC
 
3,556,000
0
=πLUKOIL PJSC
 
39,222
0
=πMoscow Exchange
MICEX-RTS PJSC
 
149,010
0
†=πNovatek PJSC GDR
 
8,045
0
=πNovolipetsk Steel PJSC
 
139,160
0
†=πPhosAgro PJSC
 
80
0
†=πPhosAgro PJSC GDR
 
12,445
0
†=πPolyus PJSC
 
31,720
0
=πRosneft Oil Co. PJSC
 
109,202
0
=πSberbank of Russia PJSC
 
1,018,280
0
=πSeverstal PAO
 
19,447
0
=πSurgutneftegas PAO
 
697,800
0
=πTatneft PJSC
 
132,700
0
†=πVK IPJSC GDR
 
12,642
0
†=πVTB Bank PJSC
 
58,436
0
 
 
0
 
 
Number of
Shares
Value
(U.S. $)
ΔCOMMON STOCK (continued)
Saudi Arabia–4.05%
ACWA Power Co.
 
4,545
$413,209
Ades Holding Co.
 
11,481
49,762
Al Rajhi Bank
 
60,900
1,653,148
†Al Rajhi Co. for
Co-operative Insurance
 
1,264
47,403
Alinma Bank
 
38,785
316,604
Almarai Co. JSC
 
15,381
227,216
Arab National Bank
 
28,412
174,376
Arabian Internet &
Communications Services
Co.
 
813
65,489
Bank AlBilad
 
19,392
190,904
†Bank Al-Jazira
 
15,995
74,342
Banque Saudi Fransi
 
38,585
190,661
Bupa Arabia for
Cooperative Insurance
Co.
 
2,609
122,831
Co. for Cooperative
Insurance
 
2,182
83,051
Dallah Healthcare Co.
 
896
30,240
†Dar Al Arkan Real Estate
Development Co.
 
16,775
95,489
Dr. Sulaiman Al Habib
Medical Services Group
Co.
 
2,648
196,671
Elm Co.
 
760
196,529
Etihad Etisalat Co.
 
11,903
193,565
Jarir Marketing Co.
 
18,973
65,531
Mouwasat Medical Services
Co.
 
3,213
64,270
Nahdi Medical Co.
 
1,083
33,211
Riyad Bank
 
45,191
396,273
SABIC Agri-Nutrients Co.
 
7,375
208,154
Sahara International
Petrochemical Co.
 
11,987
66,390
SAL Saudi Logistics
Services
 
751
39,387
†Saudi Arabian Mining Co.
 
40,945
502,446
Saudi Arabian Oil Co.
 
181,528
1,293,163
Saudi Aramco Base Oil Co.
 
1,550
43,356
Saudi Awwal Bank
 
30,793
307,598
Saudi Basic Industries
Corp.
 
27,778
471,717
Saudi Electricity Co.
 
26,257
111,487
Saudi Industrial
Investment Group
 
10,483
43,375
Saudi Investment Bank
 
19,298
75,134
†Saudi Kayan Petrochemical
Co.
 
19,279
31,385
Saudi National Bank
 
91,371
870,706
†Saudi Research & Media
Group
 
1,079
49,581
Saudi Tadawul Group
Holding Co.
 
1,486
80,773
Saudi Telecom Co.
 
62,130
751,139
LVIP SSGA Emerging Markets Equity Index Fund–16
LVIP SSGA Emerging Markets Equity Index Fund
Schedule of Investments (continued)
 
 
Number of
Shares
Value
(U.S. $)
ΔCOMMON STOCK (continued)
Saudi Arabia (continued)
Yanbu National
Petrochemical Co.
 
8,398
$77,425
 
 
9,903,991
South Africa–2.86%
Absa Group Ltd.
 
25,937
250,373
Anglo American Platinum
Ltd.
 
2,555
102,758
Aspen Pharmacare
Holdings Ltd.
 
12,014
107,284
Bid Corp. Ltd.
 
10,253
245,742
Bidvest Group Ltd.
 
10,859
139,476
Capitec Bank Holdings
Ltd.
 
2,701
459,388
Clicks Group Ltd.
 
7,479
138,171
Discovery Ltd.
 
17,183
186,965
FirstRand Ltd.
 
156,379
614,541
Gold Fields Ltd.
 
27,803
614,271
Harmony Gold Mining Co.
Ltd.
 
18,112
265,245
†Impala Platinum Holdings
Ltd.
 
28,684
197,471
Kumba Iron Ore Ltd.
 
2,134
36,319
MTN Group Ltd.
 
53,636
360,489
Naspers Ltd. Class N
 
5,272
1,307,406
Nedbank Group Ltd.
 
14,740
206,810
Old Mutual Ltd.
 
150,326
97,566
OUTsurance Group Ltd.
 
25,669
97,580
Pepkor Holdings Ltd.
 
76,254
106,178
Remgro Ltd.
 
15,918
137,741
Sanlam Ltd.
 
54,871
247,645
†Sasol Ltd.
 
17,515
73,389
Shoprite Holdings Ltd.
 
15,169
226,224
Standard Bank Group Ltd.
 
41,357
540,384
Vodacom Group Ltd.
 
19,772
135,823
Woolworths Holdings Ltd.
 
29,232
81,311
 
 
6,976,550
Taiwan–17.17%
Accton Technology Corp.
 
16,000
283,472
Acer, Inc.
 
91,000
98,209
Advantech Co. Ltd.
 
14,951
170,834
Airtac International Group
 
4,696
119,262
Alchip Technologies Ltd.
 
2,000
168,595
ASE Technology Holding
Co. Ltd.
 
104,000
457,051
Asia Cement Corp.
 
71,000
100,337
Asia Vital Components Co.
Ltd.
 
10,000
141,600
Asustek Computer, Inc.
 
22,000
409,335
AUO Corp.
 
200,000
81,885
Catcher Technology Co.
Ltd.
 
19,000
121,065
Cathay Financial Holding
Co. Ltd.
 
296,154
552,634
 
 
Number of
Shares
Value
(U.S. $)
ΔCOMMON STOCK (continued)
Taiwan (continued)
Chailease Holding Co. Ltd.
 
47,494
$167,955
Chang Hwa Commercial
Bank Ltd.
 
192,641
103,596
Cheng Shin Rubber
Industry Co. Ltd.
 
54,000
82,079
China Airlines Ltd.
 
90,000
61,517
China Steel Corp.
 
375,000
254,209
Chunghwa Telecom Co.
Ltd.
 
117,000
454,531
Compal Electronics, Inc.
 
133,000
129,281
CTBC Financial Holding
Co. Ltd.
 
519,000
624,009
Delta Electronics, Inc.
 
61,000
674,675
E Ink Holdings, Inc.
 
27,000
219,802
E.Sun Financial Holding
Co. Ltd.
 
444,084
388,212
Eclat Textile Co. Ltd.
 
6,000
80,649
Elite Material Co. Ltd.
 
9,000
150,744
eMemory Technology, Inc.
 
2,000
140,615
Eva Airways Corp.
 
85,000
104,585
Evergreen Marine Corp.
Taiwan Ltd.
 
32,986
221,159
Far Eastern New Century
Corp.
 
90,000
89,872
Far EasTone
Telecommunications Co.
Ltd.
 
56,000
156,006
Feng TAY Enterprise Co.
Ltd.
 
14,193
51,513
First Financial Holding Co.
Ltd.
 
355,379
291,598
Formosa Chemicals &
Fibre Corp.
 
109,000
86,351
Formosa Plastics Corp.
 
121,000
134,450
Fortune Electric Co. Ltd.
 
4,400
60,657
Fubon Financial Holding
Co. Ltd.
 
254,696
662,280
Gigabyte Technology Co.
Ltd.
 
17,000
126,445
Global Unichip Corp.
 
3,000
97,497
Globalwafers Co. Ltd.
 
8,000
77,695
Hon Hai Precision Industry
Co. Ltd.
 
389,000
1,754,696
Hotai Motor Co. Ltd.
 
9,320
170,740
Hua Nan Financial
Holdings Co. Ltd.
 
281,388
237,936
Innolux Corp.
 
236,930
108,986
International Games
System Co. Ltd.
 
8,000
188,353
Inventec Corp.
 
85,000
110,093
Jentech Precision
Industrial Co. Ltd.
 
2,500
75,293
KGI Financial Holding Co.
Ltd.
 
505,048
263,749
Largan Precision Co. Ltd.
 
3,000
216,072
LVIP SSGA Emerging Markets Equity Index Fund–17
LVIP SSGA Emerging Markets Equity Index Fund
Schedule of Investments (continued)
 
 
Number of
Shares
Value
(U.S. $)
ΔCOMMON STOCK (continued)
Taiwan (continued)
Lite-On Technology Corp.
 
67,000
$186,078
Lotes Co. Ltd.
 
3,000
126,935
MediaTek, Inc.
 
47,000
2,025,721
Mega Financial Holding Co.
Ltd.
 
366,887
444,713
Micro-Star International
Co. Ltd.
 
23,000
113,572
Nan Ya Plastics Corp.
 
163,000
148,507
Nien Made Enterprise Co.
Ltd.
 
5,000
60,023
Novatek Microelectronics
Corp.
 
18,000
299,235
Pegatron Corp.
 
63,000
161,011
†PharmaEssentia Corp.
 
7,000
110,397
Pou Chen Corp.
 
74,000
79,348
President Chain Store
Corp.
 
18,000
136,346
Quanta Computer, Inc.
 
84,000
584,442
Realtek Semiconductor
Corp.
 
15,000
239,138
Ruentex Development Co.
Ltd.
 
45,295
48,342
Shanghai Commercial &
Savings Bank Ltd.
 
123,190
168,483
†Shin Kong Financial
Holding Co. Ltd.
 
461,546
170,344
SinoPac Financial Holdings
Co. Ltd.
 
341,986
231,987
Synnex Technology
International Corp.
 
42,000
90,959
Taishin Financial Holding
Co. Ltd.
 
369,362
192,610
Taiwan Business Bank
 
214,562
95,061
Taiwan Cooperative
Financial Holding Co.
Ltd.
 
335,830
244,986
Taiwan High Speed Rail
Corp.
 
55,000
44,391
Taiwan Mobile Co. Ltd.
 
58,000
204,099
Taiwan Semiconductor
Manufacturing Co. Ltd.
 
766,000
21,572,844
TCC Group Holdings Co.
Ltd.
 
214,050
207,702
Unimicron Technology
Corp.
 
43,000
122,493
Uni-President Enterprises
Corp.
 
149,000
363,350
United Microelectronics
Corp.
 
356,000
497,767
Vanguard International
Semiconductor Corp.
 
33,111
94,262
Voltronic Power Technology
Corp.
 
2,000
93,525
Wan Hai Lines Ltd.
 
21,190
50,496
Wistron Corp.
 
87,000
255,046
 
 
Number of
Shares
Value
(U.S. $)
ΔCOMMON STOCK (continued)
Taiwan (continued)
Wiwynn Corp.
 
3,000
$151,919
WPG Holdings Ltd.
 
51,000
96,322
Yageo Corp.
 
12,898
189,968
Yang Ming Marine
Transport Corp.
 
55,000
124,422
Yuanta Financial Holding
Co. Ltd.
 
328,048
336,220
Zhen Ding Technology
Holding Ltd.
 
21,000
66,609
 
 
41,951,852
Thailand–1.19%
Advanced Info Service PCL
NVDR
 
37,575
305,553
Airports of Thailand PCL
NVDR
 
135,614
151,548
Bangkok Dusit Medical
Services PCL NVDR
 
351,222
225,874
Bangkok Expressway &
Metro PCL NVDR
 
201,447
32,184
Bumrungrad Hospital PCL
NVDR
 
19,389
94,234
Central Pattana PCL
NVDR
 
62,917
87,566
Central Retail Corp. PCL
 
61,337
45,382
Charoen Pokphand Foods
PCL NVDR
 
112,438
79,111
CP ALL PCL NVDR
 
183,650
268,654
CP Axtra PCL NVDR
 
59,593
45,957
Delta Electronics Thailand
PCL
 
98,749
191,385
=Gulf Energy Development
PCL NVDR
 
93,379
137,604
Home Product Center PCL
NVDR
 
173,962
44,212
=Intouch Holdings PCL
Class F
 
30,314
73,031
Kasikornbank PCL NVDR
 
18,694
89,319
Krung Thai Bank PCL
NVDR
 
110,586
78,857
Krungthai Card PCL NVDR
 
27,863
37,565
Minor International PCL
NVDR
 
95,783
74,693
PTT Exploration &
Production PCL NVDR
 
43,960
151,419
PTT Oil & Retail Business
PCL
 
100,062
34,960
PTT PCL NVDR
 
301,382
284,634
SCB X PCL NVDR
 
26,145
95,020
Siam Cement PCL NVDR
 
24,439
112,755
TMBThanachart Bank PCL
 
787,300
45,619
†True Corp. PCL NVDR
 
328,343
113,708
 
 
2,900,844
LVIP SSGA Emerging Markets Equity Index Fund–18
LVIP SSGA Emerging Markets Equity Index Fund
Schedule of Investments (continued)
 
 
Number of
Shares
Value
(U.S. $)
ΔCOMMON STOCK (continued)
Turkey–0.57%
Akbank TAS
 
98,687
$135,882
Aselsan Elektronik Sanayi
Ve Ticaret AS
 
42,367
133,864
BIM Birlesik Magazalar AS
 
14,353
173,325
Coca-Cola Icecek AS
 
26,318
37,079
Eregli Demir ve Celik
Fabrikalari TAS
 
109,867
65,195
Ford Otomotiv Sanayi AS
 
2,206
61,563
Haci Omer Sabanci Holding
AS
 
31,211
69,073
KOC Holding AS
 
24,063
103,839
†Pegasus Hava Tasimaciligi
AS
 
6,598
44,815
†Sasa Polyester Sanayi AS
 
332,751
32,777
†Turk Hava Yollari AO
 
17,241
141,204
Turkcell Iletisim Hizmetleri
AS
 
38,120
96,203
Turkiye Is Bankasi AS
Class C
 
274,427
88,645
Turkiye Petrol Rafinerileri
AS
 
30,285
110,135
Turkiye Sise ve Cam
Fabrikalari AS
 
35,707
36,269
Yapi ve Kredi Bankasi AS
 
102,559
64,997
 
 
1,394,865
United Arab Emirates–1.40%
Abu Dhabi Commercial
Bank PJSC
 
89,630
265,627
Abu Dhabi Islamic Bank
PJSC
 
46,089
201,271
Abu Dhabi National Oil Co.
for Distribution PJSC
 
95,109
87,950
ADNOC Drilling Co. PJSC
 
98,220
137,449
Aldar Properties PJSC
 
121,987
278,578
Americana Restaurants
International PLC -
Foreign Co.
 
88,874
51,539
Dubai Islamic Bank PJSC
 
91,651
178,393
Emaar Development PJSC
 
31,391
104,216
Emaar Properties PJSC
 
205,975
745,944
Emirates NBD Bank PJSC
 
58,290
320,571
Emirates
Telecommunications
Group Co. PJSC
 
107,453
494,406
First Abu Dhabi Bank
PJSC
 
136,694
514,324
†Multiply Group PJSC
 
108,164
48,784
 
 
3,429,052
United Kingdom–0.24%
Anglogold Ashanti PLC
 
15,574
584,596
 
 
584,596
 
 
Number of
Shares
Value
(U.S. $)
ΔCOMMON STOCK (continued)
United States–0.24%
†BeiGene Ltd.
 
23,900
$505,510
†Legend Biotech Corp. ADR
 
2,200
74,646
 
 
580,156
Total Common Stock
(Cost $169,367,623)
235,329,275
ΔPREFERRED STOCKS–1.71%
Brazil–1.16%
Banco Bradesco SA 8.79%
 
168,971
374,277
Centrais Eletricas
Brasileiras SA 8.21%
 
7,400
57,720
Cia Energetica de Minas
Gerais 13.48%
 
57,016
102,513
Cia Paranaense de Energia -
Copel 4.08%
 
35,300
64,767
Gerdau SA 4.94%
 
43,950
125,077
Itau Unibanco Holding SA
7.61%
 
165,220
909,710
Itausa SA 9.59%
 
178,794
296,087
Petroleo Brasileiro SA
16.56%
 
139,500
910,125
 
 
2,840,276
Chile–0.07%
Sociedad Quimica y Minera
de Chile SA 0.52%
 
4,521
180,042
 
 
180,042
Colombia–0.06%
Bancolombia SA 9.25%
 
14,020
141,273
 
 
141,273
Republic of Korea–0.42%
Hyundai Motor Co. 8.16%
 
1,151
116,766
Hyundai Motor Co. 8.18%
 
682
68,698
Samsung Electronics Co.
Ltd. 2.30%
 
25,552
827,051
 
 
1,012,515
Russia–0.00%
=πSurgutneftegas PAO 
 
640,200
0
 
 
0
Total Preferred Stocks
(Cost $3,909,624)
4,174,106
ΔRIGHTS–0.00%
Brazil–0.00%
†Itausa SA expiration date
4/11/25
 
2,461
1,290
Total Rights
(Cost $0)
1,290
LVIP SSGA Emerging Markets Equity Index Fund–19
LVIP SSGA Emerging Markets Equity Index Fund
Schedule of Investments (continued)
 
 
Number of
Shares
Value
(U.S. $)
ΔWARRANT–0.00%
Thailand–0.00%
†Srisawad Corp. PCL exp
8/29/25 exercise price THB
100.0000
 
3,180
$17
Total Warrant
(Cost $0)
17
 
 
 

 

 
MONEY MARKET FUND–2.04%
State Street Institutional
U.S. Government Money
Market Fund Premier Class
(seven-day effective yield
4.29%)
 
4,992,292
4,992,292
Total Money Market Fund
(Cost $4,992,292)
4,992,292
 
 
TOTAL INVESTMENTS–100.06% (Cost $178,269,539)
244,496,980
LIABILITIES NET OF RECEIVABLES AND OTHER ASSETS–(0.06%)
(139,303
)
NET ASSETS APPLICABLE TO 22,667,191 SHARES OUTSTANDING–100.00%
$244,357,677
 
ΔSecurities have been classified by country of origin.
†Non-income producing.
=The value of this security was determined using significant unobservable inputs.
πRestricted Security. These investments are in securities not registered under the Securities Act of 1933, as amended, or have certain
restrictions on resale which may limit their liquidity. At March 31, 2025, the aggregate value of restricted securities was $0, which
represented 0.00% of the Fund’s net assets. The Fund has various registration rights (exercisable under a variety of circumstances) with
respect to these securities.
 
LVIP SSGA Emerging Markets Equity Index Fund–20
LVIP SSGA Emerging Markets Equity Index Fund
Schedule of Investments (continued)
Restricted Securities
Investment
Date of Acquisition
Cost
Value
Alrosa PJSC
10/31/2018
$326,421
$0
Gazprom PJSC
10/31/2018
2,374,958
0
Gazprom PJSC ADR
10/31/2018
182,671
0
GMK Norilskiy Nickel PAO
10/31/2018
1,093,007
0
Inter RAO UES PJSC
10/31/2018
220,154
0
LUKOIL PJSC
10/31/2018
3,036,022
0
Moscow Exchange MICEX-RTS PJSC
10/31/2018
222,248
0
Novatek PJSC GDR
2/17/2021
1,327,703
0
Novolipetsk Steel PJSC
10/31/2018
331,713
0
PhosAgro PJSC
4/26/2022
1,013
0
PhosAgro PJSC GDR
4/26/2022
157,510
0
Polyus PJSC
10/31/2018
243,731
0
Rosneft Oil Co. PJSC
10/31/2018
765,027
0
Sberbank of Russia PJSC
10/31/2018
3,026,893
0
Severstal PAO
10/31/2018
284,734
0
Surgutneftegas PAO
10/31/2018
311,071
0
Surgutneftegas PAO  
10/31/2018
371,776
0
Tatneft PJSC
10/31/2018
1,490,294
0
VK IPJSC GDR
2/17/2021
330,604
0
VTB Bank PJSC
10/31/2018
165,967
0
Total
 
$16,263,517
$0
 
The following futures contracts and swap contracts were outstanding at March 31, 2025:
Futures Contract 
Contracts to Buy (Sell)
Notional
Amount
Notional
Cost (Proceeds)
Expiration
Date
Value/
Unrealized
Appreciation1
Value/
Unrealized
Depreciation1
Equity Contract:
37
E-mini MSCI Emerging Markets Index
$2,054,980
$2,113,135
6/20/25
$—
$(58,155
)
Swap Contract
Total Return Swap (TRS) Contract 
Counterparty/
Swap Obligation
Notional
Amount2
Floating
Interest
Rate Received
Termination
Date
Value
Unrealized
Appreciation
Unrealized
Depreciation
Over-The-Counter:
UBS- Receive amounts based on
MSCI China A Inclusion Net
Return Index and pay variable
quarterly payments based on
SOFR12M3
5,539
(1.54%)
10/21/25
$84,035
$84,035
$—
 
The use of futures contracts and swap contracts involves elements of market risk and risks in excess of the amounts recognized in the financial
statements. The notional amounts presented above represent the Fund’s total exposure in such contracts, whereas only the net unrealized
appreciation (depreciation) is reflected in the Fund’s net assets.
 
1 Includes cumulative appreciation (depreciation) of futures contracts from the date the contracts were opened through March 31, 2025.
2 Notional amount shown is stated in U.S. dollars unless noted that the swap is denominated in another currency.
3 The MSCI China A Index captures large and mid-cap representation across China securities listed on the Shanghai and Shenzhen
exchanges. The index is designed for international investors and is calculated using China A Stock Connect listings based on the offshore
RMB exchange rate (CNH).
 
LVIP SSGA Emerging Markets Equity Index Fund–21
LVIP SSGA Emerging Markets Equity Index Fund
Schedule of Investments (continued)
Summary of Abbreviations:
ADR–American Depositary Receipt
CMPC–Coût Moyen Pondéré du Capital
COPEC–Compañia de Petroleos de Chile
GDR–Global Depository Receipt
LNG–Liquefied Natural Gas
MSCI–Morgan Stanley Capital International
NVDR–Non-Voting Depository Receipt
PJSC–Public Joint Stock Company
QSC–Qatari Shareholding Company
SOFR12M–Secured Overnight Financing Rate 12 Months
THB–Thailand Baht
LVIP SSGA Emerging Markets Equity Index Fund–22