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52467X609

ClearBridge Variable Large Cap Growth Portfolio

This fund was reorganized into LVIP ClearBridge Large Cap Growth Fund on April 24, 2026, with Lincoln Financial Investments Corporation, a wholly owned subsidiary of The Lincoln National Life Insurance Company, serving as the fund’s adviser and investment manager. ClearBridge Investments, LLC, will continue to serve as the fund’s subadviser.

See the risks and other important information.

Overview

ClearBridge Investments logo
  • Fund Description
  • Meet Your Manager

Fund Description

  • Seeks to invest primarily in high-quality, large-cap companies that are dominant in their industries
  • Seeks long-term capital growth in a portfolio that is diversified to help manage risk
  • Emphasizes individual security selection and uses fundamental, bottom-up analysis to identify companies with the potential to grow earnings both in the U.S. and overseas

Meet Your Manager

ClearBridge Investments

ClearBridge Investments is a well-established global investment manager focusing on proprietary research and fundamental investing. With over 60 years of experience building portfolios for clients seeking income solutions, high active share or low-volatility, long-tenured portfolio managers provide strong leadership in a centralized investment structure.

Fund Information
Asset Class 
N/A
Total Net Assets 
N/A
Fund Inception Date 
N/A
Share Class Inception Date 
N/A
Benchmark 
Russell 1000 Growth Index
Investment Style 
N/A
Morningstar Category1 
Large Growth
Lipper Classification 
N/A
Sales Charges, Expenses & Fees
As of N/A
Gross Expense Ratio2 
N/A
Net Expense Ratio2, 3 
N/A
12b-1 Fee 
N/A
Identifiers
Ticker 
N/A
Fund Number 
N/A
CUSIP Code 
N/A
Bloomberg Code 
N/A

Performance

  • Average Annual Total Returns
  • Calendar Year Returns
  • Cumulative Total Returns
  • Risk Measures

Average Annual Total Returns

Average Annual Total Returns

As of 03/31/2026

Chart

Bar chart with 2 data series.
The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying values. Data ranges from 6.47 to 21.18.
End of interactive chart.

Month End   As of 03/31/2026
Class I - Without Sales Charge (NAV) (%)
1 Year  
6.47
3 Years  
16.04
5 Years  
8.37
10 Years  
13.48
Since Inception   05/01/1998
9.29
Month End   As of 03/31/2026
Russell 1000 Growth Index (%)
1 Year  
18.81
3 Years  
21.18
5 Years  
12.76
10 Years  
16.83
Since Inception   05/01/1998
8.98

Performance shown represents past performance and is no guarantee of future results. Current performance may be higher or lower than the performance shown. Investment return and principal value will fluctuate, so shares, when redeemed, may be worth more or less than the original cost. The performance returns do not reflect the deduction of insurance contract charges and expenses imposed in connection with investing in a variable annuity or insurance contracts, including but not limited to administrative fees, account charges and surrender charges, which if reflected, would reduce performance. Performance for other share classes will vary due to differences in sales charge structure and class expenses. Total returns assume the reinvestment of all distributions at net asset value and the deduction of all Fund expenses.


Calendar Year Returns

Calendar Year Returns

As of 03/31/2026

Chart

Bar chart with 2 data series.
The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying values. Data ranges from -32.24 to 44.02.
End of interactive chart.

Month End   As of 03/31/2026
Class I - Without Sales Charge (NAV) (%)
YTD  
-9.27
2025  
8.62
2024  
27.89
2023  
44.02
2022  
-32.24
2021  
21.94
2020  
30.73
2019  
32.16
2018  
0.02
2017  
25.76
2016  
7.39
Performance Inception Date  
05/01/1998
Month End   As of 03/31/2026
Russell 1000 Growth Index (%)
YTD  
-9.78
2025  
18.56
2024  
33.36
2023  
42.68
2022  
-29.14
2021  
27.60
2020  
38.49
2019  
36.39
2018  
-1.51
2017  
30.21
2016  
7.08
Performance Inception Date  
—

Performance shown represents past performance and is no guarantee of future results. Current performance may be higher or lower than the performance shown. Investment return and principal value will fluctuate, so shares, when redeemed, may be worth more or less than the original cost. The performance returns do not reflect the deduction of insurance contract charges and expenses imposed in connection with investing in a variable annuity or insurance contracts, including but not limited to administrative fees, account charges and surrender charges, which if reflected, would reduce performance. Performance for other share classes will vary due to differences in sales charge structure and class expenses. Total returns assume the reinvestment of all distributions at net asset value and the deduction of all Fund expenses.


Cumulative Total Returns

Cumulative Total Returns

As of 03/31/2026

The hypothetical growth scenario of $10,000 does not reflect the deduction of brokerage commissions or taxes that investors may pay on distributions or the sale of shares. Had they been reflected hypothetical values would be lower.

Chart

Line chart with 2 lines.
The chart has 1 X axis displaying Time. Data ranges from 1998-05-01 00:00:00 to 2026-06-01 00:00:00.
The chart has 1 Y axis displaying values. Data ranges from 6765.21 to 136676.
End of interactive chart.

Month End   As of 03/31/2026
Class I - Without Sales Charge (NAV) (%)
YTD  
-9.27
1 Year  
6.47
3 Years  
56.23
5 Years  
49.49
10 Years  
254.23
15 Years  
600.77
Since Inception   05/01/1998
1,093.41
Month End   As of 03/31/2026
Russell 1000 Growth Index (%)
YTD  
-9.78
1 Year  
18.81
3 Years  
77.97
5 Years  
82.31
10 Years  
373.82
15 Years  
749.24
Since Inception   05/01/1998
1,004.77

Historical Cumulative Total Returns

Date Selected   As of 03/31/2026
Class I - Without Sales Charge (NAV) (%)
YTD  
-9.27
1 Year  
6.47
3 Years  
56.23
5 Years  
49.49
10 Years  
254.23
15 Years  
600.77
Since Inception   05/01/1998
1,093.41
Date Selected   As of 03/31/2026
Russell 1000 Growth Index (%)
YTD  
-9.78
1 Year  
18.81
3 Years  
77.97
5 Years  
82.31
10 Years  
373.82
15 Years  
749.24
Since Inception   05/01/1998
1,004.77

Performance shown represents past performance and is no guarantee of future results. Current performance may be higher or lower than the performance shown. Investment return and principal value will fluctuate, so shares, when redeemed, may be worth more or less than the original cost. The performance returns do not reflect the deduction of insurance contract charges and expenses imposed in connection with investing in a variable annuity or insurance contracts, including but not limited to administrative fees, account charges and surrender charges, which if reflected, would reduce performance. Performance for other share classes will vary due to differences in sales charge structure and class expenses. Total returns assume the reinvestment of all distributions at net asset value and the deduction of all Fund expenses.


Risk Measures

Risk Measures

 As of 03/31/2026
Measured against: Russell 1000 Growth Index
Statistics 3 Years 5 Years 10 Years
Alpha (%)-3.61-3.63 -2.42
Beta0.950.97 0.96
R-Squared0.930.96 0.96
Historical Tracking Error4.123.82 3.61
Information Ratio-1.25-1.15 -0.93
Upside Capture Ratio82.6685.23 89.01
Downside Capture Ratio98.58100.17 100.12
Standard Deviation (%) 3 Years 5 Years 10 Years
Class I - Without Sales Charge (NAV)15.0118.56 17.07
Sharpe Ratio (%) 3 Years 5 Years 10 Years
Class I - Without Sales Charge (NAV)0.750.34 0.70

Performance shown represents past performance and is no guarantee of future results. Current performance may be higher or lower than the performance shown. Investment return and principal value will fluctuate, so shares, when redeemed, may be worth more or less than the original cost. The performance returns do not reflect the deduction of insurance contract charges and expenses imposed in connection with investing in a variable annuity or insurance contracts, including but not limited to administrative fees, account charges and surrender charges, which if reflected, would reduce performance. Performance for other share classes will vary due to differences in sales charge structure and class expenses. Total returns assume the reinvestment of all distributions at net asset value and the deduction of all Fund expenses.


Portfolio

Assets

As of 03/31/2026 Updated Monthly
Total Net Assets 
$522.25 Million

Positions

As of 03/31/2026 Updated Monthly
 FundBenchmark
Number of Holdings 43387

Portfolio Allocations

Sector Allocation

As of 03/31/2026 Equity as a % of Total Updated Monthly

Chart

Bar chart with 2 data series.
The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying values. Data ranges from 0.33887 to 49.60301.
End of interactive chart.
Fund Benchmark
Information Technology 41.84% 49.60%
Communication Services 13.69% 12.12%
Consumer Discretionary 11.66% 13.16%
Industrials 10.02% 6.69%
Health Care 8.67% 8.06%
Financials 6.57% 5.91%
Materials 3.22% 0.34%
Consumer Staples 1.11% 2.93%

Portfolio Holdings

Holdings

As of 03/31/2026 Updated Monthly
Security Name 
NVIDIA Corp.
Sector Name 
Information Technology
Weight (%) 
13.18
Market Value ($) 
68,870,386
Quantity 
394,899
Security Name 
Amazon.Com, Inc.
Sector Name 
Consumer Discretionary
Weight (%) 
6.93
Market Value ($) 
36,229,400
Quantity 
173,954
Security Name 
Meta Platforms Inc. (FB)
Sector Name 
Communication Services
Weight (%) 
5.65
Market Value ($) 
29,531,634
Quantity 
51,617
Security Name 
Apple Inc.
Sector Name 
Information Technology
Weight (%) 
5.56
Market Value ($) 
29,073,929
Quantity 
114,559
Security Name 
Microsoft Corp
Sector Name 
Information Technology
Weight (%) 
4.97
Market Value ($) 
25,988,895
Quantity 
70,208
Security Name 
Netflix Inc
Sector Name 
Communication Services
Weight (%) 
4.61
Market Value ($) 
24,062,787
Quantity 
250,263
Security Name 
Visa Inc
Sector Name 
Financials
Weight (%) 
3.83
Market Value ($) 
20,015,240
Quantity 
66,223
Security Name 
Alphabet Inc. Class A
Sector Name 
Communication Services
Weight (%) 
3.44
Market Value ($) 
17,948,920
Quantity 
62,418
Security Name 
Eaton Corp PLC
Sector Name 
Industrials
Weight (%) 
2.43
Market Value ($) 
12,701,219
Quantity 
35,511
Security Name 
W.W. Grainger, Inc.
Sector Name 
Industrials
Weight (%) 
2.32
Market Value ($) 
12,135,261
Quantity 
11,125

Portfolio holdings are based on the total portfolio and are subject to change at any time. Holdings are provided for informational purposes only and should not be construed as a recommendation to purchase or sell any security. 

Distributions & Tax

Annually, a fund must distribute all realized capital gains net of realized losses, so the fund will not be subject to an entity level income tax. A fund’s capital gain distribution in a particular year may be a result of the disposition of holdings that appreciated in value during prior years. Thus, while the fund may gain or lose value over the course of a year, a capital gain distribution paid by the fund may not be indicative of current performance of the fund.

The distributable amount of net capital gains are paid on a per-share basis to all investors who hold shares of the fund on the record date of the distribution and are recognized by the shareholder for tax purposes as of the ex-date of the distribution, regardless of when the gains or losses arose in the fund. Net gains on holdings held long term by the fund would be distributed to shareholders as a long-term capital gain distribution no matter how long the shareholder has owned shares in the fund.

Refer to the fund’s annual report or statement of additional information for specific information regarding distributions.

Pricing

Pricing History Chart

Since Inception Time Period
  • 1 Month
  • 3 Months
  • 6 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Since Inception

Chart

Line chart with 7067 data points.
The chart has 1 X axis displaying Time. Data ranges from 1998-05-01 00:00:01 to 2026-04-24 00:00:01.
The chart has 1 Y axis displaying values. Data ranges from 8.2 to 53.54.
End of interactive chart.

Daily Fund Prices

52-Week Range

Highest NAV 
Lowest NAV 
Historical Data - Daily Fund Prices
1 Month Time Period
  • 1 Month
  • 3 Months
  • 6 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Since Inception
NAV 
undefined (undefined)
Highest NAV  As of 04/24/2026
$48.58 (undefined)
Lowest NAV  As of 03/30/2026
$42.16 (undefined)

Historical Pricing Results   From   03/24/2026   To   04/24/2026

Date 
04/24/2026
NAV  
$48.58
NAV Change  
$0.69
NAV Change (%)  
1.44%
Date 
04/23/2026
NAV  
$47.89
NAV Change  
$-0.54
NAV Change (%)  
-1.11%
Date 
04/22/2026
NAV  
$48.43
NAV Change  
$0.62
NAV Change (%)  
1.30%
Date 
04/21/2026
NAV  
$47.81
NAV Change  
$-0.25
NAV Change (%)  
-0.52%
Date 
04/20/2026
NAV  
$48.06
NAV Change  
$-0.15
NAV Change (%)  
-0.31%
Date 
04/17/2026
NAV  
$48.21
NAV Change  
$0.44
NAV Change (%)  
0.92%
Date 
04/16/2026
NAV  
$47.77
NAV Change  
$0.03
NAV Change (%)  
0.06%
Date 
04/15/2026
NAV  
$47.74
NAV Change  
$0.59
NAV Change (%)  
1.25%
Date 
04/14/2026
NAV  
$47.15
NAV Change  
$0.85
NAV Change (%)  
1.84%
Date 
04/13/2026
NAV  
$46.30
NAV Change  
$0.68
NAV Change (%)  
1.49%
Date 
04/10/2026
NAV  
$45.62
NAV Change  
$0.05
NAV Change (%)  
0.11%
Date 
04/09/2026
NAV  
$45.57
NAV Change  
$0.29
NAV Change (%)  
0.64%
Date 
04/08/2026
NAV  
$45.28
NAV Change  
$1.15
NAV Change (%)  
2.61%
Date 
04/07/2026
NAV  
$44.13
NAV Change  
$0.04
NAV Change (%)  
0.09%
Date 
04/06/2026
NAV  
$44.09
NAV Change  
$0.13
NAV Change (%)  
0.30%
Date 
04/03/2026
NAV  
$43.96
NAV Change  
$0.02
NAV Change (%)  
0.05%
Date 
04/02/2026
NAV  
$43.96
NAV Change  
$0.02
NAV Change (%)  
0.05%
Date 
04/01/2026
NAV  
$43.94
NAV Change  
$0.30
NAV Change (%)  
0.69%
Date 
03/31/2026
NAV  
$43.64
NAV Change  
$1.48
NAV Change (%)  
3.51%
Date 
03/30/2026
NAV  
$42.16
NAV Change  
$-0.03
NAV Change (%)  
-0.07%
Date 
03/27/2026
NAV  
$42.19
NAV Change  
$-1.05
NAV Change (%)  
-2.43%
Date 
03/26/2026
NAV  
$43.24
NAV Change  
$-0.94
NAV Change (%)  
-2.13%
Date 
03/25/2026
NAV  
$44.18
NAV Change  
$0.32
NAV Change (%)  
0.73%
Date 
03/24/2026
NAV  
$43.86
NAV Change  
$-0.51
NAV Change (%)  
-1.15%

Documents

Regulatory Documents

Regulatory Documents

PDF Format

Statement Of Additional Information

Public
PDF Format

Prospectus

Public
PDF Format

Summary Prospectus

Public
PDF Format

Semi-Annual Report

Public
PDF Format

Semi-Annual Financial Statements And Other Information

Public
PDF Format

Annual Report

Public
PDF Format

Annual Financial Statements And Other Information

Public

 

View Proxy Voting Records and Proxy Voting Policies

Risks

What Are the Risks?

All investments involve risks, including possible loss of principal.  Equity securities are subject to price fluctuation and possible loss of principal. Short selling is a speculative strategy. Unlike the possible loss on a security that is purchased, there is no limit on the amount of loss on an appreciating security that is sold short. The investment style may become out of favor, which may have a negative impact on performance. International investments are subject to special risks, including currency fluctuations and social, economic and political uncertainties, which could increase volatility. These risks are magnified in emerging markets. The manager may consider environmental, social and governance (ESG) criteria in the research or investment process; however, ESG considerations may not be a determinative factor in security selection. In addition, the manager may not assess every investment for ESG criteria, and not every ESG factor may be identified or evaluated. These and other risks are discussed in the fund’s prospectus.