AMENDMENT TO SCHEDULE A AMENDED AND RESTATED EXPENSE LIMITATION AGREEMENT
EX-16(13)(c)(3)
AMENDMENT TO
SCHEDULE A
AMENDED AND RESTATED
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 EXPENSE |
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 | ||||
| Xxxxxxx S&P 500 Buffer Fund May | 0.58% | 0.93% | May 1, 2022 | April 30, 2023 | ||||
| Xxxxxxx S&P 500 Ultra Buffer Fund May | 0.58% | 0.93% | May 1, 2022 | April 30, 2023 | ||||
| Xxxxxxx 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 | ||||
| Xxxxxxx 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 Advantage Allocation Fund | 0.73% | 0.98% | May 1, 2022 | April 30, 2023 | ||||
| LVIP BlackRock Dividend Value Managed Volatility Fund 1 | 0.675% | 0.925% | May 1, 2022 | April 30, 2023 | ||||
| LVIP BlackRock Global | 0.71% | 0.96% | April 1, 2022 | April 30, 2023 |
1 May be amended only with Board consent.
| 1 |
| LVIP FUND NAME | STANDARD CLASS EXPENSE LIMIT |
SERVICE EXPENSE |
EFFECTIVE DATE |
TERMINATION DATE | ||||
| Allocation Fund | ||||||||
| LVIP Channing Small Cap Value Fund | 0.88% | 1.13% | July 1, 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 2 | 0.73% | 1.03% | May 1, 2022 | April 30, 2023 | ||||
| LVIP Delaware Value Fund 3 | 0.69% | 0.99% | May 1, 2022 | April 30, 2023 | ||||
| LVIP Delaware Diversified Income Fund 4 | 0.54% | 0.84% | May 1, 2022 | April 30, 2023 | ||||
| LVIP Delaware Limited-Term Diversified Income Fund 5 | 0.53% | 0.83% | May 1, 2022 | April 30, 2023 | ||||
| LVIP Delaware XXXX Cap Core Fund 6 | 0.80% | 1.10% | May 1, 2022 | April 30, 2023 | ||||
| LVIP Delaware High Yield Fund 7 | 0.74% | 1.04% | May 1, 2022 | April 30, 2023 |
2 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.
3 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.
4 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.
5 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.
6 Effective upon the adoption of the Delaware VIP Xxxx Cap Core Series into the LVIP Delaware XXXX Cap Core 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 0.80% (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.
7 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
| 2 |
| LVIP FUND NAME | STANDARD CLASS EXPENSE LIMIT |
SERVICE EXPENSE |
EFFECTIVE DATE |
TERMINATION DATE | ||||
| LVIP Delaware REIT Fund 8 | 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 Franklin Xxxxxxxxx Multi-Asset Opportunities Fund | 0.42% | 0.67% | 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 9 | 0.565% | 0.915% | May 1, 2022 | April 30, 2023 | ||||
| LVIP JPMorgan Retirement Income Fund | 0.38% | 0.63% | April 1, 2022 | April 30, 2023 | ||||
| LVIP Xxxxxx Xxxxxx 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 | ||||
| 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 | 0.3625% | 0.6125% | May 1, 2022 | April 30, 2023 |
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.
8 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.
9 May be amended only with Board consent.
| 3 |
| LVIP FUND NAME | STANDARD CLASS EXPENSE LIMIT |
SERVICE EXPENSE |
EFFECTIVE DATE |
TERMINATION DATE | ||||
| Index Fund | ||||||||
| LVIP SSGA Nasdaq-100 Index Fund | 0.45% | 0.70% | May 1, 2022 | April 30, 2023 | ||||
| LVIP SSGA XXXX Cap Managed Volatility Fund | 0.245% | 0.495% | May 1, 2022 | April 30, 2023 | ||||
| LVIP X. Xxxx Price 2010 Fund | 0.27% | 0.52% | May 1, 2022 | April 30, 2023 | ||||
| LVIP X. Xxxx Price 2020 Fund | 0.24% | 0.49% | May 1, 2022 | April 30, 2023 | ||||
| LVIP X. Xxxx Price 2030 Fund | 0.25% | 0.50% | May 1, 2022 | April 30, 2023 | ||||
| XXXX X. Xxxx Price 2040 Fund | 0.26% | 0.51% | May 1, 2022 | April 30, 2023 | ||||
| LVIP X. Xxxx Price 2050 Fund | 0.27% | 0.52% | May 1, 2022 | April 30, 2023 | ||||
| LVIP X. Xxxx 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% 10 Service II Class |
N/A | May 1, 2022 | April 30, 2023 |
10 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 March 11, 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/Xxxxxxxx X. Xxxxxx |
By: /s/Xxxxxxx X. Xxxxx, Xx. | |||
| Name: Xxxxxxxx X. Xxxxxx |
Name: Xxxxxxx X. Xxxxx, Xx. | |||
| Title: President |
Title: Vice President & Chief Accounting Officer | |||
| 5 |
