Fund Evaluator:
Lincoln Inflation Plus A (LFTAX)
Follow This Fund
Best Performing in Global Conservative Allocation Over the Last Year
| 21.5% | Lincoln Inflation Plus A (LFTAX) |
| 10.0% | TOPS® Conservative ETF 2 () |
| 9.6% | Fidelity Advisor Asset Manager 20% Z (FIKVX) |
| 9.5% | Fidelity Asset Manager 20% (FASIX) |
| 9.1% | Invesco Select Risk: Conservative Inv Y (OYCIX) |
Fund Details
Lincoln Inflation Plus A Overview
Lincoln Inflation Plus A (LFTAX) is an actively managed Allocation Global Conservative Allocation fund. Lincoln Financial Group launched the fund in 2024.
The investment seeks a total return that exceeds the rate of inflation over an economic cycle (generally, rolling three-to-five-year periods). The fund is actively managed and will over time invest in a broad range of asset classes worldwide including bonds, emerging markets debt, currencies, commodity instruments, and equities, in any currency, either directly or indirectly through unaffiliated open-end investment funds (mutual funds) and ETFs (collectively, the “underlying funds”). The fund is non-diversified.
About Lincoln Inflation Plus A (LFTAX)
There are 3 members of the management team with an average tenure of 1.75 years: Malcolm Melville (2024), Oscar Agra (2024), Abdallah Guezour (2024). Management tenure is more important for actively managed funds than passive index funds.
Lincoln Inflation Plus A has 41 securities in its portfolio. The top 10 holdings constitute 65.1% of the fund’s assets. The fund meets the SEC requirement of being classified as a nondiversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Lincoln Inflation Plus A is part of the Allocation global asset class and is within the Allocation fund group. Lincoln Inflation Plus A has 39.1% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.5%. There is 1.3% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 39.2% (1.4% domestic bond, 37.8% foreign bond and 0.0% convertible bond). Lincoln Inflation Plus A has 50.0% of the portfolio in cash.
Assets Under Management
The fund has $6 million in total assets, which is below the $276 million average for the Global Conservative Allocation category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
LFTAX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Lincoln Inflation Plus A expense ratio is high compared to funds in the Global Conservative Allocation category. Lincoln Inflation Plus A has an expense ratio of 1.37%, which is 34% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Lincoln Inflation Plus A has a portfolio turnover rate of 193%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 56% for the Global Conservative Allocation category.
Recently, in the month of June 2026, Lincoln Inflation Plus A returned -2.4%, which earned it a grade of F, as the Global Conservative Allocation category had an average return of -0.0%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Lincoln Inflation Plus A has a trailing yield of 8.84%, which is above the 3.43% category average. The fund normally distributes its income semi-annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Lincoln Inflation Plus A Grades
Year to date, the fund has returned 10.6%, 6.8 percentage points better than the category, which translates into a grade of A. The fund has returned 21.5% over the past year (grade of A).
For more mutual fund grades, analysis and screening tools to help your investment discovery, join AAII for a $2, full-access trial. Learn more here: https://invest.aaii.com/membership.
Otherwise, for more information about Lincoln Inflation Plus A, including its riskiness, submit your email to unlock the rest of the article.
Gain access to exclusive AAII member-only content.
LFTAX Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| LFTAX Return (NAV) | -2.4% | -2.5% | 21.5% | na | na | na |
| LFTAX Grade | F | F | A | na | na | na |
| +/- Category | -2.4% | -6.0% | 12.7% | na | na | na |
| Global Conservative Allocation Avg | -0.0% | 3.5% | 8.7% | 7.6% | 3.0% | 4.2% |
| LFTAX Tax Cost Ratio | na | na | 3.8% | na | na | na |
LFTAX Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| LFTAX Return (NAV) | 10.6% | 18.0% | na | na | na | na | na | na | na | na | na |
| LFTAX Grade | A | A | na | na | na | na | na | na | na | na | na |
| +/- Category | 6.8% | 8.3% | na | na | na | na | na | na | na | na | na |
| Global Conservative Allocation Avg | 3.8% | 9.7% | 5.4% | 8.2% | -11.5% | 4.5% | 8.0% | 11.1% | -2.9% | 7.1% | 5.3% |
| Risk Measures | |
| Standard Deviation: | na |
| Total Risk Index: | na |
| Category Risk Index: | na |
| Category Risk Grade: | |
| Beta: | na |
| R-Squared: | na |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Mid-Cap Growth |
| Bond Investment Style: | na |
| Yield: | 8.8% |
| Dividend Distribution: | Semi-Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $12 Mil |
| Fund Total Assets: | $ 6 Mil |
| Share Class Type: | A |
| Portfolio Turnover: | 193% |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 1.8 years | |||
| Average Tenure: 1.8 years | |||
| Managers (Year): Melville Malcolm (2024), Agra Oscar (2024), Guezour Abdallah (2024) | |||
Portfolio Composition (as of 4/30/26)
| # of Holdings: | 41 |
| % in Top 10 Holdings: | 65.1% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 39.1% |
Portfolio Allocation |
|
| Domestic Stock: | 0.5% |
| Foreign Stock: | 1.3% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 1.4% |
| Foreign Bond: | 37.8% |
| Convertible Bond: | 0.0% |
| Other: | 9.0% |
| Cash: | 50.0% |
Purchase Information
| Fund Family: | Lincoln Financial Group |
| Phone Number: | 866-436-8717 |
| Website: |
| Status: | Open |
| Inception Date: | September 30, 2024 |
| Min. Initial Purchase: | $1,000 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.25% |
Expenses and Fees | |
| Expense Ratio (%): | 1.37% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.02% |
| Share Class: | Lincoln Inflation Plus I |
| Min. Subsequent Purchase: | $1,000 |
| Min. Subsequent IRA Purchase: | $ 0 |
