EX-99.13.C.4 7 d345087dex9913c4.htm AMNDMNT TO SCHEDULE A OF AMND AND RESTATED EXP LIMIT AGRMT BETWEEN LIAC AND LVIP Amndmnt to Schedule A of Amnd and Restated Exp Limit Agrmt between LIAC and LVIP

EX-16(13)(c)(4).

AMENDMENT TO

SCHEDULE A

AMENDED AND RESTATED

EXPENSE LIMITATION AGREEMENT

THIS AMENDED SCHEDULE A lists the Funds and the Expense Limitation Amounts which are established pursuant to the Amended and Restated Expense Limitation Agreement dated April 26, 2019.

 

LVIP FUND NAME     STANDARD  
CLASS
EXPENSE
LIMIT		  

SERVICE
CLASS

  EXPENSE  
LIMIT

     EFFECTIVE DATE       TERMINATION  
DATE
Lincoln iShares® Fixed Income Allocation Fund  

0.15%

  

N/A

  

May 1, 2022

  

April 30, 2023

Lincoln iShares® Global Growth Allocation Fund  

0.20%

  

N/A

  

May 1, 2022

  

April 30, 2023

Lincoln iShares® U.S. Moderate Allocation Fund  

0.19%

  

N/A

  

May 1, 2022

  

April 30, 2023

Lincoln Nasdaq-100 Buffer Fund Jun  

0.62%

  

0.97%

  

May 1, 2022

  

April 30, 2023

Lincoln Nasdaq-100 Buffer Fund Sep  

0.62%

  

0.97%

  

May 1, 2022

  

April 30, 2023

Lincoln Nasdaq-100 Buffer Fund Dec  

0.62%

  

0.97%

  

May 1, 2022

  

April 30, 2023

Lincoln Nasdaq-100 Buffer Fund Mar  

0.62%

  

0.97%

  

May 1, 2022

  

April 30, 2023

Lincoln S&P 500 Buffer Fund May  

0.58%

  

0.93%

  

May 1, 2022

  

April 30, 2023

Lincoln S&P 500 Ultra Buffer Fund May  

0.58%

  

0.93%

  

May 1, 2022

  

April 30, 2023

Lincoln S&P 500 Buffer Fund Aug  

0.58%

  

0.93%

  

May 1, 2022

  

April 30, 2023

Lincoln S&P 500 Ultra Buffer Fund Aug  

0.58%

  

0.93%

  

May 1, 2022

  

April 30, 2023

Lincoln S&P 500 Buffer Fund Nov  

0.58%

  

0.93%

  

May 1, 2022

  

April 30, 2023

Lincoln S&P 500 Ultra Buffer Fund Nov  

0.58%

  

0.93%

  

May 1, 2022

  

April 30, 2023

Lincoln S&P 500 Buffer Fund Feb  

0.58%

  

0.93%

  

May 1, 2022

  

April 30, 2023

Lincoln S&P 500 Ultra Buffer Fund Feb  

0.58%

  

0.93%

  

May 1, 2022

  

April 30, 2023

LVIP Baron Growth Opportunities Fund  

0.93%

  

1.18%

  

May 1, 2022

  

April 30, 2023

LVIP BlackRock Dividend Value Managed Volatility Fund1  

0.675%

  

0.925%

  

May 1, 2022

  

April 30, 2023

 

1 May be amended only with Board consent.

 

1

LVIP FUND NAME     STANDARD  
CLASS
EXPENSE
LIMIT		  

SERVICE
CLASS

  EXPENSE  
LIMIT

     EFFECTIVE DATE       TERMINATION  
DATE
LVIP BlackRock Global Allocation Fund2   0.71%   0.96%   April 1, 2022   June 17, 2024
LVIP Channing Small Cap Value Fund   0.88%   1.13%   July 18, 2022   April 30, 2024
LVIP ClearBridge Franklin Select Large Cap Managed Volatility Fund   0.675%   1.025%   May 1, 2022   April 30, 2023
LVIP Delaware Wealth Builder Fund   0.71%   0.96%   May 1, 2022   April 30, 2023
LVIP Delaware U.S. Growth Fund 3   0.73%   1.03%   May 1, 2022   April 30, 2023
LVIP Delaware Value Fund4   0.69%   0.99%   May 1, 2022   April 30, 2023
LVIP Delaware Diversified Income Fund5   0.54%   0.84%   May 1, 2022   April 30, 2023
LVIP Delaware Limited-Term Diversified Income Fund6   0.53%   0.83%   May 1, 2022   April 30, 2023
LVIP Delaware SMID Cap Core Fund7   0.80%   1.10%   May 1, 2022   April 30, 2023

 

2 Effective upon the merger of LVIP BlackRock Advantage Allocation Fund and LVIP Franklin Templeton Multi-Asset Opportunities Fund into the LVIP BlackRock Global Allocation Fund (the “Fund”) on June 17, 2022, LIAC agreed to limit the Fund’s Operating Expenses at the levels shown above for two years following the reorganization. The intended effect of this limit is to limit the Fund’s net annual fund operating expense ratio to 0.71% (for Standard class) and 0.96% (for Service class) until June 17, 2024. After June 17, 2024, LIAC may amend this expense limit only with the Board’s consent.

3 Effective upon the adoption of the Delaware VIP U.S. Growth Series into the LVIP Delaware U.S. Growth Fund (the “Fund”) on May 1, 2021, LIAC agreed to limit the Fund’s Operating Expenses at the levels shown above for two years following the reorganization. The intended effect of this limit is to limit the Fund’s net annual fund operating expense ratio to 0.73% (for Standard class) and 1.03% (for Service class) until April 30, 2023. After April 30, 2023, LIAC may amend this expense limit only with the Board’s consent.

4 Effective upon the adoption of the Delaware VIP Value Series into the LVIP Delaware Value Fund (the “Fund”) on May 1, 2021, LIAC agreed to limit the Fund’s Operating Expenses at the levels shown above for two years following the reorganization. The intended effect of this limit is to limit the Fund’s net annual fund operating expense ratio to 0.69% (for Standard class) and 0.99% (for Service class) until April 30, 2023. After April 30, 2023, LIAC may amend this expense limit only with the Board’s consent.

5 Effective upon the adoption of the Delaware VIP Diversified Income Series into the LVIP Delaware Diversified Income Fund (the “Fund”) on May 1, 2021, LIAC agreed to limit the Fund’s Operating Expenses at the levels shown above for two years following the reorganization. The intended effect of this limit is to limit the Fund’s net annual fund operating expense ratio to 0.54% (for Standard class) and 0.84% (for Service class) until April 30, 2023. After April 30, 2023, LIAC may amend this expense limit only with the Board’s consent.

6 Effective upon the adoption of the Delaware VIP Diversified Limited-Term Income Series into the LVIP Delaware Diversified Limited-Term Income Fund (the “Fund”) on May 1, 2021, LIAC agreed to limit the Fund’s Operating Expenses at the levels shown above for two years following the reorganization. The intended effect of this limit is to limit the Fund’s net annual fund operating expense ratio to 0.53% (for Standard class) and 0.83% (for Service class) until April 30, 2023. After April 30, 2023, LIAC may amend this expense limit only with the Board’s consent.

7 Effective upon the adoption of the Delaware VIP Smid Cap Core Series into the LVIP Delaware SMID Cap Core Fund (the “Fund”) on May 1, 2021, LIAC agreed to limit the Fund’s Operating Expenses at the levels shown above

 

2

LVIP FUND NAME     STANDARD  
CLASS
EXPENSE
LIMIT		  

SERVICE
CLASS

  EXPENSE  
LIMIT

     EFFECTIVE DATE       TERMINATION  
DATE
LVIP Delaware High Yield Fund 8   0.74%   1.04%   May 1, 2022   April 30, 2023
LVIP Delaware REIT Fund9   0.83%   1.13%   May 1, 2022   April 30, 2023
LVIP Dimensional International Core Equity Fund   0.62%   0.87%   May 1, 2022   April 30, 2023
LVIP Fidelity Institutional AM® Select Core Equity Managed Volatility Fund   0.095%   0.445%   May 1, 2022   April 30, 2023
LVIP Global Aggressive Growth Allocation Managed Risk Fund   0.325%   0.575%   May 1, 2022   April 30, 2023
LVIP Invesco Select Equity Income Managed Volatility Fund 10   0.565%   0.915%   May 1, 2022   April 30, 2023
LVIP JPMorgan Retirement Income Fund11   0.38%   0.63%   April 1, 2022   June 10, 2024
LVIP Loomis Sayles Global Growth Fund   0.77%   1.12%   May 1, 2022   April 30, 2023
LVIP MFS International Equity Managed Volatility Fund   0.185%   0.435%   May 1, 2022   April 30, 2023
LVIP Multi-Manager Global Equity Managed Volatility Fund   0.21%   0.56%   May 1, 2022   April 30, 2023
LVIP PIMCO Low Duration Bond Fund   0.50%   0.75%   May 1, 2022   April 30, 2023
LVIP SSGA Conservative Index Allocation Fund   0.20%   0.45%   May 1, 2022   April 30, 2023

 

for two years following the reorganization. The intended effect of this limit is to limit the Fund’s net annual fund operating expense ratio to 0.80% (for Standard class) and 1.10% (for Service class) until April 30, 2023. After April 30, 2023, LIAC may amend this expense limit only with the Board’s consent.

8 Effective upon the adoption of the Delaware VIP High Yield Series into the LVIP Delaware High Yield Fund (the “Fund”) on May 1, 2021, LIAC agreed to limit the Fund’s Operating Expenses at the levels shown above for two years following the reorganization. The intended effect of this limit is to limit the Fund’s net annual fund operating expense ratio to 0.74% (for Standard class) and 1.04% (for Service class) until April 30, 2023. After April 30, 2023, LIAC may amend this expense limit only with the Board’s consent.

9 Effective upon the adoption of the Delaware VIP REIT Series into the LVIP Delaware REIT Fund (the “Fund”) on May 1, 2021, LIAC agreed to limit the Fund’s Operating Expenses at the levels shown above for two years following the reorganization. The intended effect of this limit is to limit the Fund’s net annual fund operating expense ratio to 0.83% (for Standard class) and 1.13% (for Service class) until April 30, 2023. After April 30, 2023, LIAC may amend this expense limit only with the Board’s consent.

10 May be amended only with Board consent.

11 Effective upon the merger of the LVIP T. Rowe Price 2010 Fund into the LVIP JPMorgan Retirement Income Fund (the “Fund”) on June 10, 2022, LIAC agreed to limit the Fund’s Operating Expenses at the levels shown above for two years following the reorganization. The intended effect of this limit is to limit the Fund’s net annual fund operating expense ratio to 0.38% (for Standard class) and 0.63% (for Service class) until June 10, 2024. After June 10, 2024, LIAC may amend this expense limit only with the Board’s consent.

 

3

LVIP FUND NAME     STANDARD  
CLASS
EXPENSE
LIMIT		  

SERVICE
CLASS

  EXPENSE  
LIMIT

     EFFECTIVE DATE       TERMINATION  
DATE
LVIP SSGA Emerging Markets Equity Index Fund   0.50%   0.75%   May 1, 2022   April 30, 2023
LVIP SSGA International Index Fund   0.39%   0.64%   May 1, 2022   April 30, 2023
LVIP SSGA International Managed Volatility Fund   0.245%   0.495%   May 1, 2022   April 30, 2023
LVIP SSGA Large Cap Managed Volatility Fund   0.245%   0.495%   May 1, 2022   April 30, 2023
LVIP SSGA Short-Term Bond Index Fund   0.3625%   0.6125%   May 1, 2022   April 30, 2023
LVIP SSGA Nasdaq-100 Index Fund   0.45%   0.70%   May 1, 2022   April 30, 2023
LVIP SSGA SMID Cap Managed Volatility Fund   0.245%   0.495%   May 1, 2022   April 30, 2023
LVIP T. Rowe Price 2020 Fund   0.24%   0.49%   May 1, 2022   April 30, 2023
LVIP T. Rowe Price 2030 Fund   0.25%   0.50%   May 1, 2022   April 30, 2023
LVIP T. Rowe Price 2040 Fund   0.26%   0.51%   May 1, 2022   April 30, 2023
LVIP T. Rowe Price 2050 Fund   0.27%   0.52%   May 1, 2022   April 30, 2023
LVIP T. Rowe Price 2060 Fund   0.27%   0.52%   May 1, 2022   April 30, 2023
LVIP U.S. Aggressive Growth Allocation Managed Risk Fund   0.315%   0.565%   May 1, 2022   April 30, 2023
       

MASTER-FEEDER FUNDS

                
LVIP American Global Small Capitalization Fund  

0.10% 12

Service II Class

   N/A   May 1, 2022   April 30, 2023

 

12 Applies only to “Other Expenses” as such term is used in the Fund’s prospectus.

 

4

The parties hereto have caused this SCHEDULE A to be signed by their duly authorized officers as of June 17, 2022 and effective in accordance with the dates noted above.

 

LINCOLN INVESTMENT ADVISORS CORPORATION     LINCOLN VARIABLE INSURANCE PRODUCTS TRUST, on behalf of each of its Funds listed on Schedule A
By:   /s/Benjamin A. Richer     By:   /s/William P. Flory, Jr.
Name:   Benjamin A. Richer     Name:   William P. Flory, Jr.
Title:   Senior Vice President     Title:   Vice President & Chief Accounting Officer

 

5