LVIP T. Rowe Price Growth Stock Fund
Schedule of Investments
September 30, 2021 (unaudited)
Number of Shares | Value (U.S. $) | ||
COMMON STOCK–94.08% | |||
Aerospace & Defense–0.70% | |||
†Airbus | 98,706 | $ 13,086,032 | |
13,086,032 | |||
Air Freight & Logistics–0.71% | |||
FedEx | 60,023 | 13,162,444 | |
13,162,444 | |||
Airlines–0.23% | |||
†Southwest Airlines | 81,657 | 4,199,620 | |
4,199,620 | |||
Auto Components–0.08% | |||
†Aptiv | 10,060 | 1,498,638 | |
1,498,638 | |||
Automobiles–0.72% | |||
Ferrari | 64,066 | 13,397,482 | |
13,397,482 | |||
Biotechnology–0.38% | |||
†Argenx ADR | 11,699 | 3,533,098 | |
†Incyte | 49,992 | 3,438,450 | |
6,971,548 | |||
Capital Markets–1.45% | |||
MarketAxess Holdings | 6,701 | 2,819,044 | |
MSCI | 7,884 | 4,796,153 | |
S&P Global | 28,297 | 12,023,112 | |
Tradeweb Markets Class A | 41,041 | 3,315,292 | |
†XP Class A | 98,515 | 3,957,347 | |
26,910,948 | |||
Chemicals–0.08% | |||
Linde | 5,069 | 1,487,143 | |
1,487,143 | |||
Commercial Services & Supplies–0.65% | |||
Cintas | 31,858 | 12,127,066 | |
12,127,066 | |||
Consumer Finance–0.27% | |||
†SoFi Technologies | 314,168 | 4,988,988 | |
4,988,988 | |||
Diversified Telecommunication Services–0.00% | |||
=†πMagic Leap Class A | 4,690 | 55,815 | |
55,815 | |||
Electrical Equipment–0.61% | |||
†Generac Holdings | 27,660 | 11,303,812 | |
11,303,812 | |||
Electronic Equipment, Instruments & Components–1.00% | |||
†Teledyne Technologies | 34,986 | 15,029,286 |
Number of Shares | Value (U.S. $) | ||
COMMON STOCK (continued) | |||
Electronic Equipment, Instruments & Components (continued) | |||
†Zebra Technologies Class A | 6,725 | $ 3,466,199 | |
18,495,485 | |||
Entertainment–5.62% | |||
†Netflix | 63,094 | 38,508,792 | |
†ROBLOX Class A | 65,098 | 4,918,154 | |
†Sea ADR | 136,524 | 43,514,294 | |
†Spotify Technology | 77,485 | 17,460,470 | |
104,401,710 | |||
Health Care Equipment & Supplies–2.85% | |||
†Align Technology | 5,696 | 3,790,289 | |
†Intuitive Surgical | 27,684 | 27,522,048 | |
Stryker | 82,230 | 21,685,696 | |
52,998,033 | |||
Health Care Providers & Services–2.56% | |||
Anthem | 19,875 | 7,409,400 | |
Cigna | 35,030 | 7,011,605 | |
HCA Healthcare | 70,390 | 17,085,061 | |
Humana | 12,942 | 5,036,379 | |
UnitedHealth Group | 28,082 | 10,972,761 | |
47,515,206 | |||
Hotels, Restaurants & Leisure–2.86% | |||
†Airbnb Class A | 53,605 | 8,992,239 | |
†Booking Holdings | 5,026 | 11,931,070 | |
†Chipotle Mexican Grill | 6,902 | 12,544,523 | |
†DraftKings Class A | 104,349 | 5,025,448 | |
†Las Vegas Sands | 144,213 | 5,278,196 | |
†Wynn Resorts | 109,948 | 9,318,093 | |
53,089,569 | |||
Industrial Conglomerates–0.93% | |||
Roper Technologies | 38,553 | 17,199,650 | |
17,199,650 | |||
Insurance–0.05% | |||
†Bright Health Group | 104,709 | 854,425 | |
854,425 | |||
Interactive Media & Services–17.87% | |||
†Alphabet Class A | 29,960 | 80,098,659 | |
†Alphabet Class C | 25,533 | 68,053,360 | |
†Facebook Class A | 317,543 | 107,770,919 | |
†IAC/InterActiveCorp | 6,608 | 860,956 | |
†Kuaishou Technology | 20,500 | 218,790 | |
†Match Group | 88,101 | 13,830,976 | |
†Pinterest Class A | 135,297 | 6,893,382 | |
†Snap Class A | 563,712 | 41,641,406 | |
Tencent Holdings | 188,100 | 11,229,329 | |
†Vimeo | 35,206 | 1,034,000 | |
331,631,777 |
LVIP T. Rowe Price Growth Stock Fund–1
LVIP T. Rowe Price Growth Stock Fund
Schedule of Investments (continued)
Number of Shares | Value (U.S. $) | ||
COMMON STOCK (continued) | |||
Internet & Direct Marketing Retail–11.85% | |||
†Alibaba Group Holding ADR | 50,520 | $ 7,479,486 | |
†Amazon.com | 54,246 | 178,200,280 | |
†Coupang | 174,982 | 4,873,249 | |
†Doordash Class A | 64,781 | 13,343,590 | |
†Farfetch Class A | 189,865 | 7,116,140 | |
=†πMaplebear dba Instacart | 11,443 | 1,430,375 | |
=†πMaplebear dba Instacart Non Voting | 598 | 74,750 | |
†Meituan Class B | 130,800 | 4,175,322 | |
†Pinduoduo ADR | 35,397 | 3,209,446 | |
219,902,638 | |||
IT Services–8.75% | |||
†Affirm Holdings | 24,701 | 2,942,630 | |
†Afterpay | 160,593 | 13,951,523 | |
†Fiserv | 156,444 | 16,974,174 | |
Global Payments | 81,069 | 12,774,853 | |
Mastercard Class A | 81,533 | 28,347,393 | |
†MongoDB | 25,241 | 11,901,384 | |
†PayPal Holdings | 66,789 | 17,379,166 | |
†Shopify Class A | 6,353 | 8,613,270 | |
†Snowflake Class A | 10,982 | 3,321,286 | |
†Square Class A | 23,068 | 5,532,629 | |
†StoneCo Class A | 53,654 | 1,862,867 | |
†Toast Class A | 7,732 | 386,213 | |
Visa Class A | 172,406 | 38,403,437 | |
162,390,825 | |||
Life Sciences Tools & Services–0.48% | |||
†Avantor | 217,282 | 8,886,834 | |
8,886,834 | |||
Metals & Mining–0.04% | |||
=†πCelonis | 2,137 | 790,241 | |
790,241 | |||
Pharmaceuticals–1.74% | |||
AstraZeneca ADR | 175,860 | 10,562,152 | |
Eli Lilly & Co. | 94,444 | 21,821,286 | |
32,383,438 | |||
Professional Services–0.58% | |||
TransUnion | 95,239 | 10,696,292 | |
10,696,292 | |||
Road & Rail–0.25% | |||
†πDidi Global | 26,379 | 821,970 | |
Norfolk Southern | 15,949 | 3,815,798 | |
4,637,768 | |||
Semiconductors & Semiconductor Equipment–3.49% | |||
†Advanced Micro Devices | 135,977 | 13,992,033 | |
ASML Holding | 35,754 | 26,640,663 | |
NVIDIA | 59,770 | 12,381,953 |
Number of Shares | Value (U.S. $) | ||
COMMON STOCK (continued) | |||
Semiconductors & Semiconductor Equipment (continued) | |||
Taiwan Semiconductor Manufacturing ADR | 105,927 | $ 11,826,750 | |
64,841,399 | |||
Software–19.30% | |||
=†πAnt International Class C | 747,330 | 4,028,109 | |
†Avalara | 37,673 | 6,584,110 | |
†Bill.Com Holdings | 6,479 | 1,729,569 | |
†Black Knight | 110,304 | 7,941,888 | |
†Ceridian HCM Holding | 37,106 | 4,178,878 | |
†Coupa Software | 5,690 | 1,247,134 | |
†Datadog Class A | 65,744 | 9,292,914 | |
=†πEpic Games | 6,864 | 6,600,491 | |
Intuit | 73,960 | 39,902,160 | |
Microsoft | 613,085 | 172,840,923 | |
†Paycom Software | 9,342 | 4,631,297 | |
†salesforce.com | 93,961 | 25,484,102 | |
†SentinelOne Class A | 100,800 | 5,399,856 | |
†ServiceNow | 39,470 | 24,560,997 | |
†Splunk | 47,157 | 6,824,089 | |
=†πStripe Class B | 40,238 | 2,002,645 | |
†Trade Desk Class A | 84,186 | 5,918,276 | |
†UiPath Class A | 202,797 | 10,669,150 | |
†Workday Class A | 19,583 | 4,893,596 | |
†Zoom Video Communications Class A | 51,541 | 13,477,972 | |
358,208,156 | |||
Specialty Retail–1.60% | |||
†Carvana | 23,423 | 7,062,971 | |
Ross Stores | 207,368 | 22,572,007 | |
29,634,978 | |||
Technology Hardware, Storage & Peripherals–4.97% | |||
Apple | 652,483 | 92,326,345 | |
92,326,345 | |||
Textiles, Apparel & Luxury Goods–1.41% | |||
†Lululemon Athletica | 37,539 | 15,192,033 | |
NIKE Class B | 75,928 | 11,027,024 | |
26,219,057 | |||
Total Common Stock (Cost $679,852,649) | 1,746,293,362 | ||
CONVERTIBLE PREFERRED STOCKS–5.75% | |||
=†πAurora Innovation Series B | 128,840 | 2,496,329 | |
=†πCelonis Series D | 5,578 | 2,062,689 | |
=†πGm Cruise Holdings Class F | 126,000 | 3,320,100 | |
=†πGm Cruise Holdings Class G | 70,430 | 1,855,831 | |
=†πMaplebear dba Instacart Series A | 1,767 | 220,875 | |
=†πMaplebear dba Instacart Series G | 23,366 | 2,920,750 |
LVIP T. Rowe Price Growth Stock Fund–2
LVIP T. Rowe Price Growth Stock Fund
Schedule of Investments (continued)
Number of Shares | Value (U.S. $) | ||
CONVERTIBLE PREFERRED STOCKS (continued) | |||
=†πMaplebear dba Instacart Series I | 3,541 | $ 442,625 | |
=†πNuro Series C | 189,324 | 2,471,549 | |
=†πRappi Series E | 36,866 | 2,375,023 | |
=†πRedwood Materials Series C | 40,061 | 1,899,030 | |
=†πRivian Automotive Series D | 465,637 | 33,074,196 | |
=†πRivian Automotive Series E | 594,729 | 42,243,601 | |
=†πRivian Automotive Series F | 117,469 | 8,343,823 | |
=†πSila Nano Series F | 35,141 | 1,450,367 | |
=†πWaymo Series A-2 | 17,257 | 1,582,847 | |
=†πWeWork Companies Series E | 11,666 | 86,830 | |
Total Convertible Preferred Stocks (Cost $37,515,622) | 106,846,465 |
Number of Shares | Value (U.S. $) | ||
MONEY MARKET FUND–0.22% | |||
State Street Institutional U.S. Government Money Market Fund -Premier Class (seven-day effective yield 0.03%) | 4,046,511 | $ 4,046,511 | |
Total Money Market Fund (Cost $4,046,511) | 4,046,511 |
TOTAL INVESTMENTS–100.05% (Cost $721,414,782) | 1,857,186,338 | ||
LIABILITIES NET OF RECEIVABLES AND OTHER ASSETS–(0.05%) | (960,108) | ||
NET ASSETS APPLICABLE TO 26,685,804 SHARES OUTSTANDING–100.00% | $1,856,226,230 |
† Non-income producing. | |
= The value of this security was determined using significant unobservable inputs and is reported as a Level 3 security in the disclosure table located in Note 2 in "Notes." | |
π Restricted Security. These investments are in securities not registered under the Securities Act of 1933, as amended, and have certain restrictions on resale which may limit their liquidity. At September 30, 2021, the aggregate value of restricted securities was $122,650,861, which represented 6.61% of the Fund’s net assets. The Fund has various registration rights (exercisable under a variety of circumstances) with respect to these securities. |
LVIP T. Rowe Price Growth Stock Fund–3
LVIP T. Rowe Price Growth Stock Fund
Schedule of Investments (continued)
Restricted Securities | ||||||
Investment | Date of Acquisition | Cost | Value | |||
Ant International Class C | 6/7/2018 | $4,192,521 | $4,028,109 | |||
Aurora Innovation Series B | 3/1/2019 | 1,190,520 | 2,496,329 | |||
Celonis | 6/17/2021 | 790,241 | 790,241 | |||
Celonis Series D | 6/17/2021 | 2,062,689 | 2,062,689 | |||
Didi Global | 10/19/2015 | 723,476 | 821,970 | |||
Epic Games | 6/18/2020 | 4,521,540 | 6,600,491 | |||
Gm Cruise Holdings Class F | 5/8/2019 | 2,299,500 | 3,320,100 | |||
Gm Cruise Holdings Class G | 1/20/2021 | 1,855,831 | 1,855,831 | |||
Magic Leap Class A | 9/20/2021 | 2,280,091 | 55,815 | |||
Maplebear dba Instacart | 8/7/2020 | 530,199 | 1,430,375 | |||
Maplebear dba Instacart Non Voting | 8/7/2020 | 27,708 | 74,750 | |||
Maplebear dba Instacart Series A | 11/18/2020 | 107,809 | 220,875 | |||
Maplebear dba Instacart Series G | 7/2/2020 | 1,123,715 | 2,920,750 | |||
Maplebear dba Instacart Series I | 2/25/2021 | 442,625 | 442,625 | |||
Nuro Series C | 10/30/2020 | 2,471,549 | 2,471,549 | |||
Rappi Series E | 9/8/2020 | 2,202,598 | 2,375,023 | |||
Redwood Materials Series C | 5/28/2021 | 1,899,030 | 1,899,030 | |||
Rivian Automotive Series D | 12/23/2019 | 5,002,804 | 33,074,196 | |||
Rivian Automotive Series E | 7/10/2020 | 9,212,352 | 42,243,601 | |||
Rivian Automotive Series F | 1/15/2021 | 4,328,733 | 8,343,823 | |||
Sila Nano Series F | 1/7/2021 | 1,450,367 | 1,450,367 | |||
Stripe Class B | 12/17/2019 | 631,334 | 2,002,645 | |||
Waymo Series A-2 | 5/8/2020 | 1,481,810 | 1,582,847 | |||
WeWork Companies Series E | 6/23/2015 | 383,690 | 86,830 | |||
Total | $51,212,732 | $122,650,861 |
Summary of Abbreviations: |
ADR–American Depositary Receipt |
IT–Information Technology |
S&P–Standard & Poor’s |
See accompanying notes.
LVIP T. Rowe Price Growth Stock Fund–4
LVIP T. Rowe Price Growth Stock Fund
Notes
September 30, 2021 (unaudited)
1. Significant Accounting Policies
Lincoln Variable Insurance Products Trust (“LVIP” or the “Trust”)–LVIP T. Rowe Price Growth Stock Fund (the “Fund”) is an investment company in conformity with U.S. generally accepted accounting principles (“U.S. GAAP”). Therefore, the Fund follows the accounting and reporting guidelines for investment companies. The following accounting policies are in accordance with U.S. GAAP and are consistently followed by the Fund.
Security Valuation–Equity securities, except those traded on The Nasdaq Stock Market LLC (“Nasdaq”), are valued at the last quoted sales price as of the time of the regular close of the New York Stock Exchange on the valuation date. Equity securities traded on Nasdaq are valued in accordance with the Nasdaq Official Closing Price, which may not be the last sale price. If on a particular day an equity security does not trade, then the mean between the bid and ask prices is used, which approximates fair value. Securities listed on a foreign exchange are valued at the last quoted sales price on the valuation date. Open-end investment companies are valued at their published net asset value (“NAV”). Investments in government money market funds have a stable NAV. Other securities and assets for which market quotations are not reliable or readily available are generally valued at fair value as determined in good faith under policies adopted by the Fund’s Board of Trustees (the “Board”). In determining whether market quotations are reliable or readily available, various factors are taken into consideration, such as market closures or suspension of trading in a security. The Fund may use fair value pricing more frequently for securities traded primarily in non-U.S. markets because, among other things, most foreign markets close well before the Fund values its securities, generally as of 4:00 p.m. Eastern Time. The earlier close of these foreign markets gives rise to the possibility that significant events, including broad market moves, government actions or pronouncements, aftermarket trading, or news events may have occurred in the interim. To account for this, the Fund may value foreign securities using fair value prices based on third-party vendor modeling tools (“international fair value pricing”). Restricted securities are valued at fair value by the Fund's Fair Valuation Committee, using methods approved by the Board, taking into account a review of information, assumptions and sub-adviser recommendations, as applicable.
2. Investments
U.S. GAAP defines fair value as the price that the Fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date under current market conditions. A three level hierarchy for fair value measurements has been established based upon the transparency of inputs to the valuation of an asset or liability. Inputs may be observable or unobservable and refer broadly to the assumptions that market participants would use in pricing the asset or liability. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the reporting entity’s own assumptions about the assumptions that market participants would use in pricing the asset or liability developed based on the best information available under the circumstances. Each investment in its entirety is assigned a level based upon the observability of the inputs which are significant to the overall valuation. The three level hierarchy of inputs is summarized below.
Level 1– | inputs are quoted prices in active markets for identical investments (e.g., equity securities, open-end investment companies, futures contracts, options contracts) |
Level 2– | other observable inputs (including, but not limited to: quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market-corroborated inputs) (e.g., debt securities, government securities, swap contracts, foreign currency exchange contracts, foreign securities utilizing international fair value pricing) |
Level 3– | inputs are significant unobservable inputs (including the Fund's own assumptions used to determine the fair value of investments) (e.g., indicative quotes from brokers, fair valued securities) |
Level 3 investments are valued using significant unobservable inputs, including related or comparable assets or liabilities, recent transactions, market multiples, book values, and other relevant information for the investment to determine the fair value of the investment. The Fund may also use an income-based valuation approach in which the anticipated future cash flows of the investment are discounted to calculate fair value. Discounts may also be applied due to the nature or duration of any restrictions on the disposition of the investments. Valuations may also be based upon current market prices of securities that are comparable in coupon, rating, maturity and industry. The derived value of a Level 3 investment may not represent the value which is received upon disposition and this could impact the results of operations.
LVIP T. Rowe Price Growth Stock Fund–5
LVIP T. Rowe Price Growth Stock Fund
Notes (continued)
2. Investments (continued)
The following table summarizes the valuation of the Fund's investments by fair value hierarchy levels as of September 30, 2021:
Level 1 | Level 2 | Level 3 | Total | ||||
Investments: | |||||||
Assets: | |||||||
Common Stock | |||||||
Aerospace & Defense | $— | $13,086,032 | $— | $13,086,032 | |||
Air Freight & Logistics | 13,162,444 | — | — | 13,162,444 | |||
Airlines | 4,199,620 | — | — | 4,199,620 | |||
Auto Components | 1,498,638 | — | — | 1,498,638 | |||
Automobiles | 13,397,482 | — | — | 13,397,482 | |||
Biotechnology | 6,971,548 | — | — | 6,971,548 | |||
Capital Markets | 26,910,948 | — | — | 26,910,948 | |||
Chemicals | 1,487,143 | — | — | 1,487,143 | |||
Commercial Services & Supplies | 12,127,066 | — | — | 12,127,066 | |||
Consumer Finance | 4,988,988 | — | — | 4,988,988 | |||
Diversified Telecommunication Services | — | — | 55,815 | 55,815 | |||
Electrical Equipment | 11,303,812 | — | — | 11,303,812 | |||
Electronic Equipment, Instruments & Components | 18,495,485 | — | — | 18,495,485 | |||
Entertainment | 104,401,710 | — | — | 104,401,710 | |||
Health Care Equipment & Supplies | 52,998,033 | — | — | 52,998,033 | |||
Health Care Providers & Services | 47,515,206 | — | — | 47,515,206 | |||
Hotels, Restaurants & Leisure | 53,089,569 | — | — | 53,089,569 | |||
Industrial Conglomerates | 17,199,650 | — | — | 17,199,650 | |||
Insurance | 854,425 | — | — | 854,425 | |||
Interactive Media & Services | 320,183,658 | 11,448,119 | — | 331,631,777 | |||
Internet & Direct Marketing Retail | 214,222,191 | 4,175,322 | 1,505,125 | 219,902,638 | |||
IT Services | 148,439,302 | 13,951,523 | — | 162,390,825 | |||
Life Sciences Tools & Services | 8,886,834 | — | — | 8,886,834 | |||
Metals & Mining | — | — | 790,241 | 790,241 | |||
Pharmaceuticals | 32,383,438 | — | — | 32,383,438 | |||
Professional Services | 10,696,292 | — | — | 10,696,292 | |||
Road & Rail | 3,815,798 | 821,970 | — | 4,637,768 | |||
Semiconductors & Semiconductor Equipment | 64,841,399 | — | — | 64,841,399 | |||
Software | 345,576,911 | — | 12,631,245 | 358,208,156 | |||
Specialty Retail | 29,634,978 | — | — | 29,634,978 | |||
Technology Hardware, Storage & Peripherals | 92,326,345 | — | — | 92,326,345 | |||
Textiles, Apparel & Luxury Goods | 26,219,057 | — | — | 26,219,057 | |||
Convertible Preferred Stocks | — | — | 106,846,465 | 106,846,465 | |||
Money Market Fund | 4,046,511 | — | — | 4,046,511 | |||
Total Investments | $1,691,874,481 | $43,482,966 | $121,828,891 | $1,857,186,338 |
During the period ended September 30, 2021, there were no material transfers to or from Level 3 investments.
As a result of utilizing International fair value pricing at September 30, 2021, a portion of the Fund’s common stock investments was categorized as Level 2.
LVIP T. Rowe Price Growth Stock Fund–6
LVIP T. Rowe Price Growth Stock Fund
Notes (continued)
2. Investments (continued)
The following table displays a summary of the valuation techniques and unobservable inputs used to value the Fund’s securities characterized as Level 3 investments for the period ended September 30, 2021.
Asset Type | Fair Value at September 30, 2021 | Valuation Technique(s) | Unobservable Input | Range (Average) |
Common Stock | $14,982,426 | Recent Transaction | # | # |
Guaranteed Rate of Return | 15% (N/A) | |||
Segment Based Price to Earnings Multiple (b) | 9.5x-36.8x (N/A) | |||
Segment Based Price to Sales Multiple (b) | 11.9x (N/A) | |||
Whole Company Price to Earnings Multiple (b) | 18.1x (N/A) | |||
Discount for Lack of Marketability (a) | 10% (N/A) | |||
Enterprise Value to Sales Multiple (b) | 6.4x-7.5x (N/A) | |||
Enterprise Value to EBITDA Multiple (b) | 22.0x-25.4x (N/A) | |||
Enterprise Value to Gross Profit Multiple (b) | 36.0x-48.2x (N/A) | |||
Weighted Average Conversion Ratio (b) | 1.6 | |||
Convertible Preferred Stock | $106,846,465 | Recent Transaction | # | # |
Conversion Percentage | 82.7% (N/A) | |||
Discount for Lack of Marketability (a) | 5% (N/A) | |||
Deal Uncertainty Discount (a) | 5% (N/A) | |||
Capital Conversion Reference Point | $55 Billion | |||
Conversion Ratio (b) | 2.2 | |||
Total | $121,828,891 | |||
# No quantitative unobservable inputs significant to the valuation technique were created by the fund’s management. | ||||
(a) Represents amounts used when the reporting entity has determined that market participants would take into account discounts, as applicable, when pricing the investments. | ||||
(b) Represents amounts used when the reporting entity has determined that market participants would use such multiples when pricing the investments. | ||||
Significant fluctuations of the unobservable inputs applied to portfolio securities characterized as Level 3 investments could be expected to significantly increase or decrease the fair value of the Fund's securities. |
The following is a reconciliation of investments in which significant unobservable inputs (Level 3) were used in determining fair value:
Common Stock | Convertible Preferred Stock | Total | |||
Balance as of 12/31/20 | $6,325,296 | $59,311,352 | $65,636,648 | ||
Reclassifications | — | — | — | ||
Purchases | 4,711,122 | 14,510,824 | 19,221,946 | ||
Sales | (141,744) | (14,738,643) | (14,880,387) | ||
Transfer In | 7,133,105 | 1,633,646 | 8,766,751 | ||
Transfer Out | (1,633,646) | (7,133,105) | (8,766,751) | ||
Accretion/(amortization) | — | — | — | ||
Net realized gain (loss) | 19 | (61,552) | (61,533) | ||
Net change in unrealized appreciation (depreciation) | (1,411,726) | 53,323,943 | 51,912,217 | ||
Balance as of 09/30/21 | $14,982,426 | $106,846,465 | $121,828,891 | ||
Net change in unrealized appreciation (depreciation) from Level 3 investments still held as of 09/30/21 | $(525,216) | $65,494,671 | $64,969,455 |
LVIP T. Rowe Price Growth Stock Fund–7