6th AMENDMENT TO SUB-ADVISORY AGREEMENT
6th AMENDMENT TO
SUB-ADVISORY AGREEMENT
THIS 6th AMENDMENT TO THE SUB-ADVISORY AGREEMENT, made this 6th day of March, 2019 (the “Amendment”), is between Lincoln Investment Advisors Corporation, a Tennessee corporation (“LIAC”) and BlackRock Investment Management, LLC (“BlackRock”), a Delaware corporation.
Recitals
1. | LIAC currently serves as investment adviser to the Lincoln Variable Insurance Products Trust (the “Trust”); |
2. | BlackRock currently subadvises several series of LVIP pursuant to a written subadvisory agreement dated August 27, 2012 as amended October 1, 2015, February 8, 2016, April 21, 2016, March 20, 2017, and January 31, 2019 (the “Agreement”), |
3. | LIAC wishes to appoint BlackRock to serve as sub-adviser to the LVIP BlackRock Global Allocation Fund (the “Fund”), a series of the Trust and BlackRock and LIAC desire to amend the fee schedule (“Schedule A”) to the Agreement to add the Fund; |
Representations
1. | LIAC represents and warrants that approval of this amendment has been obtained from the Trust’s Board of Trustees at an in-person meeting held December 4, 2018. |
Amendment
NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties agree as follows:
1. | The Recitals are incorporated herein and made a part of the Agreement. |
2. | The Representations are incorporated and made a part of the Agreement. |
3. | Schedule A shall be deleted and replaced with the attached amended Schedule A effective as of the date hereof, to reflect the addition of the Fund to the Agreement. |
4. | All other terms and provisions of the Agreement not amended herein shall remain in full force and effect. |
5. | This Amendment may be executed in two or more counterparts which together shall constitute one instrument. |
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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed by their duly authorized officers as of the day and year first above written.
LINCOLN INVESTMENT ADVISORS CORPORATION |
BLACKROCK INVESTMENT MANAGEMENT, LLC |
|||
By: /s/ Xxxxxx X. Xxxxxxxxxx | By: /s/ Xxxxxxx X. Xxxxxxx | |||
Name: Xxxxxx X. Xxxxxxxxxx | Name: Xxxxxxx X. Xxxxxxx | |||
Title: President | Title: Managing Director |
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SCHEDULE A
Fee Schedule
The Adviser shall pay to the Sub-Adviser compensation for services rendered to the Fund at an annual rate as follows:
Effective Date | Fund |
Fees payable on assets of the Managed Portion
| ||
February 8, 2016 | LVIP BlackRock Dividend Value Managed Volatility Fund (index sleeve)
|
[REDACTED] | ||
October 1, 2015 | LVIP BlackRock Equity Dividend Managed Volatility Fund (active sleeve)
|
[REDACTED] | ||
May 1, 2017 | LVIP BlackRock Scientific Allocation Fund
|
[REDACTED] | ||
February 11, 2019 | LVIP BlackRock Global Real Estate Fund | [REDACTED] | ||
April 26, 2019 | LVIP BlackRock Global Allocation Fund | [REDACTED] | ||
Effective Date | Funds |
Fees payable on aggregate average daily net assets of the Managed Portions | ||
May 1, 2016 | LVIP BlackRock Global Growth ETF Allocation Managed Risk Fund
LVIP BlackRock U.S. Growth ETF Allocation Managed Risk Fund
|
[REDACTED] |
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