EX-99.H3C 5 d560164dex99h3c.htm AMENDMENT TO SCHEDULE A TO EXPENSE LIMITATION AGREEMENT Amendment to Schedule A to Expense Limitation Agreement

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		     STANDARD
CLASS II
EXPENSE
LIMIT		      SERVICE
CLASS
EXPENSE
LIMIT		     EFFECTIVE
DATE		    TERMINATION
DATE
Lincoln Hedged S&P 500 Conservative Fund      0.58 %      N/A        0.93 %    May 1, 2023    April 30, 2025
Lincoln Hedged S&P 500 Fund      0.58 %      N/A        0.93 %    May 1, 2023    April 30, 2025
Lincoln Nasdaq-100 Buffer Fund Jun      0.62 %      N/A        0.97 %    May 1, 2023    April 30, 2025
Lincoln Hedged Nasdaq-100 Fund      0.62 %      N/A        0.97 %    May 1, 2023    April 30, 2025
Lincoln Nasdaq-100 Buffer Fund Dec      0.62 %      N/A        0.97 %    May 1, 2023    April 30, 2025
Lincoln Nasdaq-100 Buffer Fund Mar      0.62 %      N/A        0.97 %    May 1, 2023    April 30, 2025
Lincoln Opportunistic Hedged Equity Fund      0.59 %      N/A        0.94 %    November 15, 2023    April 30, 2025
Lincoln S&P 500 Buffer Fund May      0.58 %      N/A        0.93 %    May 1, 2023    April 30, 2025
Lincoln S&P 500 Ultra Buffer Fund May      0.58 %      N/A        0.93 %    May 1, 2023    April 30, 2025
Lincoln S&P 500 Buffer Fund Nov      0.58 %      N/A        0.93 %    May 1, 2023    April 30, 2025
Lincoln S&P 500 Ultra Buffer Fund Nov      0.58 %      N/A        0.93 %    May 1, 2023    April 30, 2025
Lincoln S&P 500 Buffer Fund Feb      0.58 %      N/A        0.93 %    May 1, 2023    April 30, 2025
Lincoln S&P 500 Ultra Buffer Fund Feb      0.58 %      N/A        0.93 %    May 1, 2023    April 30, 2025

 

1

LVIP FUND

NAME         

    STANDARD
CLASS
EXPENSE
LIMIT		     STANDARD
CLASS II
EXPENSE
LIMIT		     SERVICE
CLASS
EXPENSE
LIMIT		     EFFECTIVE
DATE		    TERMINATION
DATE
LVIP Baron Growth Opportunities Fund      0.93 %      N/A       1.18 %    May 1, 2023    April 30, 2024
LVIP American Century Balanced Fund      0.67 %      0.77 %      1.02 %    December 1, 2023    April 30, 2026
LVIP American Century Capital Appreciation Fund      0.57 %      0.79 %      0.94 %    December 1, 2023    April 30, 2026
LVIP American Century Disciplined Core Value Fund      0.61 %      0.71 %      0.96 %    December 1, 2023    April 30, 2026
LVIP American Century Inflation Protection Fund      0.36 %      0.46 %      0.71 %    December 1, 2023    April 30, 2026
LVIP American Century International Fund      0.85 %      0.95 %      1.10 %    December 1, 2023    April 30, 2026
LVIP American Century Large Company Value Fund      0.60 %      0.70 %      0.85 %    December 1, 2023    April 30, 2026
LVIP American Century Mid Cap Value Fund      0.76 %      0.86 %      1.01 %    December 1, 2023    April 30, 2026
LVIP American Century Ultra Fund      0.65 %      0.75 %      0.90 %    December 1, 2023    April 30, 2026
LVIP American Century Value Fund      0.61 %      0.71 %      0.86 %    December 1, 2023    April 30, 2026
LVIP BlackRock Dividend Value Managed Volatility Fund1      0.675 %      N/A       0.925 %    May 1, 2023    April 30, 2024
LVIP BlackRock Global Allocation Fund2      0.71 %      N/A       0.96 %    April 1, 2022    June 17, 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, LFI

 

2

LVIP FUND

NAME         

    STANDARD
CLASS
EXPENSE
LIMIT		     STANDARD
CLASS II
EXPENSE
LIMIT		      SERVICE
CLASS
EXPENSE
LIMIT		     EFFECTIVE
DATE		    TERMINATION
DATE
LVIP Channing Small Cap Value Fund      0.88 %      N/A        1.13 %    July 18, 2022    April 30, 2024
LVIP ClearBridge Franklin Select Large Cap Managed Volatility Fund      0.675 %      N/A        1.025 %    May 1, 2023    April 30, 2024
LVIP Delaware Wealth Builder Fund      0.71 %      N/A        0.96 %    May 1, 2023    April 30, 2024
LVIP Delaware U.S. Growth Fund3      0.73 %      N/A        1.03 %    May 1, 2023    April 30, 2024
LVIP Delaware Value Fund4      0.69 %      N/A        0.99 %    May 1, 2023    April 30, 2024
LVIP Delaware Diversified Income Fund5      0.54 %      N/A        0.84 %    May 1, 2023    April 30, 2024
LVIP Delaware Limited-Term Diversified Income Fund6      0.53 %      N/A        0.83 %    May 1, 2023    April 30, 2024
LVIP Delaware SMID Cap Core Fund7      0.80 %      N/A        1.10 %    May 1, 2023    April 30, 2024
LVIP Delaware High Yield Fund 8      0.74 %      N/A        1.04 %    May 1, 2023    April 30, 2024
LVIP Delaware U.S. REIT Fund9      0.83 %      N/A        1.13 %    May 1, 2023    April 30, 2024
LVIP Dimensional International Core Equity Fund      0.62 %      N/A        0.87 %    May 1, 2023    April 30, 2024

 

  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, LFI may amend this expense limit only with the Board’s consent.
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.

 

3

LVIP FUND

NAME         

    STANDARD
CLASS
EXPENSE
LIMIT		     STANDARD
CLASS II
EXPENSE
LIMIT		      SERVICE
CLASS
EXPENSE
LIMIT		     EFFECTIVE
DATE		    TERMINATION
DATE
LVIP Fidelity Institutional AM® Select Core Equity Managed Volatility Fund      0.095 %      N/A        0.445 %    May 1, 2023    April 30, 2024
LVIP Global Aggressive Growth Allocation Managed Risk Fund      0.325 %      N/A        0.575 %    May 1, 2023    April 30, 2024
LVIP Invesco Select Equity Income Managed Volatility Fund 10      0.565 %      N/A        0.915 %    May 1, 2023    April 30, 2024
LVIP JPMorgan Core Bond Fund      0.54 %      N/A        0.79 %    May 1, 2023    April 30, 2025
LVIP JPMorgan Mid Cap Value Fund      0.76 %      N/A        1.01 %    May 1, 2023    April 30, 2025
LVIP JPMorgan Retirement Income Fund11      0.38 %      N/A        0.63 %    April 1, 2022    June 10, 2024
LVIP JPMorgan Small Cap Core Fund      0.82 %      N/A        1.07 %    May 1, 2023    April 30, 2025
LVIP JPMorgan U.S. Equity Fund      0.75 %      N/A        1.00 %    May 1, 2023    April 30, 2025
LVIP Loomis Sayles Global Growth Fund      0.77 %      N/A        1.12 %    May 1, 2023    April 30, 2024
LVIP MFS International Equity Managed Volatility Fund      0.185 %      N/A        0.435 %    May 1, 2023    April 30, 2024
LVIP Multi- Manager Global      0.21 %      N/A        0.56 %    May 1, 2023    April 30, 2024

 

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, LFI 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, LFI may amend this expense limit only with the Board’s consent.

 

4

LVIP FUND

NAME         

    STANDARD
CLASS
EXPENSE
LIMIT		     STANDARD
CLASS II
EXPENSE
LIMIT		      SERVICE
CLASS
EXPENSE
LIMIT		     EFFECTIVE
DATE		      TERMINATION
DATE		  
Equity Managed Volatility Fund             
LVIP PIMCO Low Duration Bond Fund      0.50 %      N/A        0.75 %      May 1, 2023        April 30, 2024  
LVIP SSGA Conservative Index Allocation Fund      0.20 %      N/A        0.45 %      May 1, 2023        April 30, 2024  
LVIP SSGA Emerging Markets Equity Index Fund      0.50 %      N/A        0.75 %      May 1, 2023        April 30, 2024  
LVIP SSGA International Managed Volatility Fund      0.245 %      N/A        0.495 %      May 1, 2023        April 30, 2024  
LVIP SSGA Large Cap Managed Volatility Fund      0.245 %      N/A        0.495 %      May 1, 2023        April 30, 2024  
LVIP SSGA Short-Term Bond Index Fund      0.3625 %      N/A        0.6125 %      May 1, 2023        April 30, 2024  
LVIP SSGA Nasdaq-100 Index Fund      0.45 %      N/A        0.70 %      May 1, 2023        April 30, 2024  
LVIP SSGA SMID Cap Managed Volatility Fund      0.245 %      N/A        0.495 %      May 1, 2023        April 30, 2024  
LVIP T. Rowe Price 2020 Fund      0.24 %      N/A        0.49 %      May 1, 2023        April 30, 2024  
LVIP T. Rowe Price 2030 Fund      0.25 %      N/A        0.50 %      May 1, 2023        April 30, 2024  
LVIP T. Rowe Price 2040 Fund      0.26 %      N/A        0.51 %      May 1, 2023        April 30, 2024  
LVIP T. Rowe Price 2050 Fund      0.27 %      N/A        0.52 %      May 1, 2023        April 30, 2024  
LVIP T. Rowe Price 2060 Fund      0.27 %      N/A        0.52 %      May 1, 2023        April 30, 2024  
LVIP U.S. Aggressive Growth Allocation      0.315 %      N/A        0.565 %      May 1, 2023        April 30, 2024  

 

5

LVIP FUND

NAME         

    STANDARD
CLASS
EXPENSE
LIMIT		      STANDARD
CLASS II
EXPENSE
LIMIT		      SERVICE
CLASS
EXPENSE
LIMIT		      EFFECTIVE
DATE		      TERMINATION
DATE		  

Managed Risk Fund

               

 

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.

The parties hereto have caused this SCHEDULE A to be signed by their duly authorized officers as of November 6, 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 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

 

6