EX-99.H3A 12 d436717dex99h3a.htm AMENDMENT TO SCHEDULE A RESTATED EXPENSE LIMITATION AGREEMENT, LFI & LVIP Amendment to Schedule A Restated Expense Limitation Agreement, LFI & LVIP

AMENDMENT TO

AMENDED AND RESTATED

EXPENSE LIMITATION AGREEMENT

This Amendment (the “Amendment”), effective as of the dates indicated on Schedule A, shall be between Lincoln Investment Advisors Corporation and Lincoln Variable Insurance Products Trust, a Delaware statutory trust (“Trust”), on behalf of each series (each, a “Fund”) set forth in Schedule A.

WHEREAS, the parties hereto entered into the Amended and Restated Expense Limitation Agreement (the “Agreement”), executed and effective as of April 26, 2019; and

WHEREAS, effective March 13, 2023, Lincoln Investment Advisors Corporation underwent a name change to “Lincoln Financial Investments Corporation.”

NOW, THEREFORE, in consideration of the promises and mutual covenants hereinafter contained, the parties, intending to be legally bound, agree as follows:

 

  1.

Schedule A shall be deleted in its entirety and replaced with the amended Schedule A attached below.

 

  2.

All references in the Agreement to “Lincoln Investment Advisors Corporation” are hereby changed to “Lincoln Financial Investments Corporation.”

The parties hereto have caused this Amendment to be signed by their duly authorized officers as of March 28, 2023, and effective in accordance with the dates noted above.

 

LINCOLN FINANCIAL INVESTMENTS             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

 

1

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 Nasdaq-100 Buffer Fund Jun

   0.62%   0.97%   May 1, 2023   April 30, 2024

Lincoln Nasdaq-100 Buffer Fund Sep

   0.62%   0.97%   May 1, 2023   April 30, 2024

Lincoln Nasdaq-100 Buffer Fund Dec

   0.62%   0.97%   May 1, 2023   April 30, 2024

Lincoln Nasdaq-100 Buffer Fund Mar

   0.62%   0.97%   May 1, 2023   April 30, 2024

Lincoln S&P 500 Buffer Fund May

   0.58%   0.93%   May 1, 2023   April 30, 2024

Lincoln S&P 500 Ultra Buffer Fund May

   0.58%   0.93%   May 1, 2023   April 30, 2024

Lincoln S&P 500 Buffer Fund Aug

   0.58%   0.93%   May 1, 2023   April 30, 2024

Lincoln S&P 500 Ultra Buffer Fund Aug

   0.58%   0.93%   May 1, 2023   April 30, 2024

Lincoln S&P 500 Buffer Fund Nov

   0.58%   0.93%   May 1,2023   April 30, 2024

Lincoln S&P 500 Ultra Buffer Fund Nov

   0.58%   0.93%   May 1, 2023   April 30, 2024

Lincoln S&P 500 Buffer Fund Feb

   0.58%   0.93%   May 1, 2023   April 30, 2024

Lincoln S&P 500 Ultra Buffer Fund Feb

   0.58%   0.93%   May 1, 2023   April 30, 2024

Lincoln U.S. Hedged Equity Fund

   0.69%   1.04%   June 1, 2023   April 30, 2025

LVIP Baron Growth Opportunities Fund

   0.93%   1.18%   May 1, 2023   April 30, 2024

LVIP BlackRock Dividend Value Managed Volatility Fund1

   0.675%   0.925%   May 1, 2023   April 30, 2024

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, 2023   April 30, 2024

 

1 May be amended only with Board consent.

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.

 

2

LVIP FUND NAME  

  STANDARD  
CLASS

EXPENSE

LIMIT

  

SERVICE

CLASS

  EXPENSE  

LIMIT

   EFFECTIVE DATE  

TERMINATION

DATE

LVIP Delaware Wealth Builder Fund

   0.71%   0.96%   May 1, 2023   April 30, 2024

LVIP Delaware U.S. Growth Fund 3

   0.73%   1.03%   May 1, 2023   April 30, 2024

LVIP Delaware Value Fund4

   0.69%   0.99%   May 1, 2023   April 30, 2024

LVIP Delaware Diversified Income Fund5

   0.54%   0.84%   May 1, 2023   April 30, 2024

LVIP Delaware Limited-Term Diversified Income Fund6

   0.53%   0.83%   May 1, 2023   April 30, 2024

LVIP Delaware SMID Cap Core Fund7

   0.80%   1.10%   May 1, 2023   April 30, 2024

LVIP Delaware High Yield Fund 8

   0.74%   1.04%   May 1, 2023   April 30, 2024

LVIP Delaware U.S. REIT Fund9

   0.83%   1.13%   May 1, 2023   April 30, 2024

LVIP Dimensional International Core Equity Fund

   0.62%   0.87%   May 1, 2023   April 30, 2024

LVIP Fidelity Institutional AM® Select Core Equity Managed Volatility Fund

   0.095%   0.445%   May 1, 2023   April 30, 2024

LVIP Global Aggressive Growth Allocation Managed Risk Fund

   0.325%   0.575%   May 1, 2023   April 30, 2024

LVIP Invesco Select Equity Income Managed Volatility Fund 10

   0.565%   0.915%   May 1, 2023   April 30, 2024

LVIP JPMorgan Core Bond Fund

   0.54%   0.79%   May 1, 2023   April 30, 2025

LVIP JPMorgan Mid Cap Value Fund

   0.76%   1.01%   May 1, 2023   April 30, 2025

LVIP JPMorgan Retirement Income Fund11

   0.38%   0.63%   April 1, 2022   June 10, 2024

LVIP JPMorgan Small Cap Core Fund

   0.82%   1.07%   May 1, 2023   April 30, 2025

LVIP JPMorgan U.S. Equity Fund

   0.75%   1.00%   May 1, 2023   April 30, 2025

 

3 May be amended only with Board consent.

4 May be amended only with Board consent.

5 May be amended only with Board consent.

6 May be amended only with Board consent.

7 May be amended only with Board consent.

8 May be amended only with Board consent.

9 May be amended only with Board 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 Loomis Sayles Global Growth Fund

   0.77%   1.12%   May 1, 2023   April 30, 2024

LVIP MFS International Equity Managed Volatility Fund

   0.185%   0.435%   May 1, 2023   April 30, 2024

LVIP Multi-Manager Global Equity Managed Volatility Fund

   0.21%   0.56%   May 1, 2023   April 30, 2024

LVIP PIMCO Low Duration Bond Fund

   0.50%   0.75%   May 1, 2023   April 30, 2024
         

LVIP SSGA Conservative Index Allocation Fund

   0.20%   0.45%   May 1, 2023   April 30, 2024

LVIP SSGA Emerging Markets Equity Index Fund

   0.50%   0.75%   May 1, 2023   April 30, 2024

LVIP SSGA International Managed Volatility Fund

   0.245%   0.495%   May 1, 2023   April 30, 2024

LVIP SSGA Large Cap Managed Volatility Fund

   0.245%   0.495%   May 1, 2023   April 30, 2024

LVIP SSGA Short-Term Bond Index Fund

   0.3625%   0.6125%   May 1, 2023   April 30, 2024

LVIP SSGA Nasdaq-100 Index Fund

   0.45%   0.70%   May 1, 2023   April 30, 2024

LVIP SSGA SMID Cap Managed Volatility Fund

   0.245%   0.495%   May 1, 2023   April 30, 2024

LVIP T. Rowe Price 2020 Fund

   0.24%   0.49%   May 1, 2023   April 30, 2024

LVIP T. Rowe Price 2030 Fund

   0.25%   0.50%   May 1, 2023   April 30, 2024

LVIP T. Rowe Price 2040 Fund

   0.26%   0.51%   May 1, 2023   April 30, 2024

LVIP T. Rowe Price 2050 Fund

   0.27%   0.52%   May 1, 2023   April 30, 2024

LVIP T. Rowe Price 2060 Fund

   0.27%   0.52%   May 1, 2023   April 30, 2024

LVIP U.S. Aggressive Growth Allocation Managed Risk Fund

   0.315%   0.565%   May 1, 2023   April 30, 2024
       

MASTER-FEEDER FUNDS

                

LVIP American Global Small Capitalization Fund

  

0.10% 12

Service II Class

   N/A   May 1, 2023   April 30, 2024

 

 

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

 

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