AMENDMENT TO INVESTMENT MANAGEMENT AGREEMENT
AMENDMENT TO
INVESTMENT MANAGEMENT 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 Investment Management Agreement (the “Agreement”), executed and effective as of April 30, 2007; 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/Xxxxxxx X. Xxxxx, Xx. | ||
| By: /s/Xxxxxxxx X. Xxxxxx | Name: Xxxxxxx X. Xxxxx, Xx. | |
| Name: Xxxxxxxx X. Xxxxxx | Title: Vice President & Chief Accounting Officer | |
| Title: Senior Vice President | ||
1
THIS AMENDED SCHEDULE A lists the Funds for which the Investment Manager provides investment management services pursuant to the Investment Management Agreement dated April 30, 2007, as amended.
| Fund Name | Management Fee Schedule (as a percentage of average daily net assets) |
Effective Date | ||
| Lincoln Nasdaq-100 Buffer Fund Jun |
0.55% |
June 18, 2021 | ||
| Lincoln Nasdaq-100 Buffer Fund Sep |
0.55% |
September 17, 2021 | ||
| Lincoln Nasdaq-100 Buffer Fund Dec |
0.55% |
December 17, 2021 | ||
| Lincoln Nasdaq-100 Buffer Fund Mar |
0.55% |
March 18, 2022 | ||
| Lincoln S&P 500 Buffer Fund Feb |
0.55% |
February 18, 2022 | ||
| Lincoln S&P 500 Ultra Buffer Fund Feb |
0.55% |
February 18, 2022 | ||
| Xxxxxxx S&P 500 Buffer Fund May |
0.55% |
May 21, 2021 | ||
| Xxxxxxx S&P 500 Ultra Buffer Fund May |
0.55% |
May 21, 2021 | ||
| Xxxxxxx S&P 500 Buffer Fund August |
0.55% |
August 20, 2021 | ||
| Xxxxxxx S&P 500 Ultra Buffer Fund August |
0.55% |
August 20, 2021 | ||
| Xxxxxxx S&P 500 Buffer Fund November |
0.55% |
November 19, 2021 | ||
| Lincoln S&P 500 Ultra Buffer Fund November |
0.55% |
November 19, 2021 | ||
| Lincoln U.S. Hedged Equity Fund |
0.55% |
June 1, 2023 | ||
| LVIP American Balanced Allocation Fund |
0.25% |
July 30, 2010 | ||
| LVIP American Century Select Mid Cap Managed Volatility Fund |
0.75% |
October 1, 2013 | ||
| LVIP American Global Balanced Allocation Managed Risk Fund |
0.25% |
March 15, 2012 | ||
| LVIP American Global Growth Allocation Managed Risk Fund |
0.25% |
March 15, 2012 | ||
| LVIP American Global Growth Fund1 |
0.80% |
April 30, 2010 | ||
| LVIP American Global Small Capitalization Fund1 |
1.00% |
April 30, 2010 | ||
| LVIP American Growth Fund1 |
0.75% |
April 30, 2010 | ||
| LVIP American Growth-Income Fund1 |
0.75% |
April 30, 2010 | ||
| LVIP American Growth Allocation Fund |
0.25% |
July 30, 2010 | ||
| LVIP American Income Allocation Fund |
0.25% |
July 30, 2010 | ||
| LVIP American International Fund1 |
0.85% |
April 30, 2010 | ||
| LVIP American Preservation Fund |
0.25% |
August 27, 2012 | ||
2
| Fund Name | Management Fee Schedule (as a percentage of average daily net assets) |
Effective Date | ||
| LVIP Baron Growth Opportunities Fund | 1.00% |
June 5, 2007 | ||
| LVIP BlackRock Dividend Value Managed Volatility Fund | 0.75% of the first $500 million; and 0.70% of the excess over $500 million |
October 1, 2009 | ||
| LVIP BlackRock Global Allocation Fund | 0.64% on the first $1.5 billion; and 0.60% of the excess over $1.5 billon |
October 1, 2022 | ||
| LVIP BlackRock Global Allocation Managed Risk Fund | 0.15% |
May 1, 2019 | ||
| LVIP BlackRock Global Growth ETF Allocation Managed Risk Fund | 0.25% |
May 1, 2016 | ||
| LVIP BlackRock Inflation Protected Bond Fund | 0.45% of the first $500 million; and 0.40% of the excess over $500 million |
April 30, 2010 | ||
| LVIP BlackRock Real Estate Fund | 0.73% on assets up to $250 million; 0.63% on assets over $250 million |
May 1, 2014 | ||
| LVIP BlackRock U.S. Growth ETF Allocation Managed Risk Fund | 0.25% |
May 1, 2016 | ||
| LVIP Blended Large Cap Growth Managed Volatility Fund | 0.75% of the first $500 million; and 0.70% of the excess over $500 million |
April 30, 2007 | ||
| LVIP Blended Mid Cap Managed Volatility Fund | 0.65% |
May 1, 2019 | ||
| LVIP Channing Small Cap Value Fund | 0.75% |
July 18, 2022 | ||
| LVIP ClearBridge Franklin Select Large Cap Managed Volatility Fund | 0.64% |
October 1, 2013 | ||
| LVIP Delaware Bond Fund | 0.48% of the first $200 million; 0.40% of the next $200 million; and 0.30% of the excess over $400 million |
April 30, 2007 | ||
| LVIP Delaware Diversified Floating Rate Fund | 0.60% of the first $500 million; and 0.55% of the excess over $500 million |
April 30, 2010 | ||
| LVIP Delaware Diversified Income Fund | First $500M 0.65% Next $500M to $1B 0.60% Next $1B to $2.5B 0.55% Over $2.5B 0.50% |
May 1, 2021 | ||
| LVIP Delaware High Yield Fund |
First $500M 0.65% Next $500M to $1B 0.60% Next $1B to $2.5B 0.55% Over $2.5B 0.50% |
May 1, 2021 | ||
3
| Fund Name | Management Fee Schedule (as a percentage of average daily net assets) |
Effective Date | ||
| LVIP Delaware Limited-Term Diversified Income Fund |
First $500M 0.500% Next $500M to $1B 0.475% Next $1B to $2.5B 0.450% Over $2.5B 0.425% |
May 1, 2021 | ||
| LVIP Delaware Mid Cap Value Fund | 0.48% of the first $200 million; 0.40% of the next $200 million; and 0.30% of the excess over $400 million |
April 30, 2007 | ||
| LVIP Delaware XXXX Cap Core Fund | First $500M 0.75% Next $500M to $1B 0.70% Next $1B to $2.5B 0.65% Over $2.5B 0.60% |
May 1, 2021 | ||
| LVIP Delaware Social Awareness Fund |
0.48% of the first $200 million; 0.40% of the next $200 million; and 0.30% of the excess over $400 million |
April 30, 2007 | ||
| LVIP Delaware U.S. Growth Fund |
First $500M 0.65% Next $500M to $1B 0.60% Next $1B to $2.5B 0.55% Over $2.5B 0.50% |
May 1, 2021 | ||
| LVIP Delaware U.S. REIT Fund |
First $500M 0.75% Next $500M to $1B 0.70% Next $1B to $2.5B 0.65% Over $2.5B 0.60% |
May 1, 2021 | ||
| LVIP Delaware Value Fund |
First $500M 0.65% Next $500M to $1B 0.60% Next $1B to $2.5B 0.55% Over $2.5B 0.50% |
May 1, 2021 | ||
| LVIP Delaware Wealth Builder Fund |
0.63% |
May 1, 2019 | ||
| LVIP Dimensional International Core Equity Fund |
0.58% |
March 4, 2020 | ||
| LVIP Dimensional International Equity Managed Volatility Fund |
0.25% |
April 29, 2011 | ||
| LVIP Dimensional U.S. Core Equity 1 Fund |
0.48% of the first $200 million; 0.40% of the next $200 million; and 0.30% of the excess of $400 million |
April 30, 2007 | ||
| LVIP Dimensional U.S. Core Equity 2 Fund |
0.42% |
May 1, 2022 | ||
| LVIP Dimensional U.S. Equity Managed Volatility Fund |
0.25% |
April 29, 2011 | ||
| LVIP Fidelity Institutional AM® Select Core Equity Managed Volatility Fund |
0.70% |
April 30, 2013 | ||
| LVIP Franklin Xxxxxxxxx Global Equity Managed Volatility Fund |
0.75% of the first $200 million; 0.65% of the next $300 million; and 0.60% of the excess over $500 million |
April 30, 2007 | ||
4
| Fund Name | Management Fee Schedule (as a percentage of average daily net assets) |
Effective Date | ||
| LVIP Global Aggressive Growth Allocation Managed Risk Fund | 0.25% |
November 1, 2018 | ||
| LVIP Global Conservative Allocation Managed Risk Fund | 0.25% |
April 30, 2007 | ||
| LVIP Global Growth Allocation Managed Risk Fund | 0.25% |
April 30, 2007 | ||
| LVIP Global Income Fund | 0.65% |
May 1, 2009 | ||
| LVIP Global Moderate Allocation Managed Risk Fund | 0.25% |
April 30, 2007 | ||
| LVIP Government Money Market Fund | 0.48% of the first $200 million; 0.40% of the next $200 million; and 0.30% of the excess over $400 million |
April 30, 2007 | ||
| LVIP Invesco Select Equity Income Managed Volatility Fund | 0.565% |
May 1, 2020 | ||
| LVIP JPMorgan Core Bond Fund | 0.40% |
May 1, 2023 | ||
| LVIP JPMorgan High Yield Fund | 0.65% of the first $500 million; and 0.60% of the excess over $500 million |
April 30, 2010 | ||
| LVIP JPMorgan Mid Cap Value Fund | 0.65% |
May 1, 2023 | ||
| LVIP JPMorgan Retirement Income Fund | 0.75% |
May 1, 2009 | ||
| LVIP JPMorgan Select Mid Cap Value Managed Volatility Fund | 1.05% of the first $60 million; 0.75% of the next $90 million; and 0.65% of the excess over $150 million |
April 30, 2007 | ||
| LVIP JPMorgan Small Cap Core Fund | 0.65% |
May 1, 2023 | ||
| LVIP JPMorgan U.S. Equity Fund | 0.55% |
May 1, 2023 | ||
| LVIP Xxxxxx Xxxxxx Global Growth Fund | 0.68% |
April 30, 2018 | ||
| LVIP MFS International Equity Managed Volatility Fund | 0.85% |
April 30, 2013 | ||
| LVIP MFS International Growth Fund | 1.00% of the first $50 million; 0.95% of the next $50 million; 0.90% of the next $50 million; 0.85% of the next $100 million; and 0.80% of the excess over $250 million |
October 1, 2010 | ||
5
| Fund Name | Management Fee Schedule (as a percentage of average daily net assets) |
Effective Date | ||
| LVIP MFS Value Fund | 0.75% of the first $75 million; 0.70% of the next $75 million; 0.65% of the next $50 million; 0.60% of the next $300 million; 0.5875% of the next $1 billion; and 0.5625% on assets over $1.5 billion |
May 1, 2014 | ||
| LVIP Mondrian International Value Fund | 0.90% of the first $200 million; 0.75% of the next $200 million; and 0.60% of the excess over $400 million |
April 30, 2007 | ||
| LVIP Multi-Manager Global Equity Managed Volatility Fund | 0.20% |
May 1, 2023 | ||
| LVIP PIMCO Low Duration Bond Fund | 0.50% |
May 1, 2014 | ||
| LVIP SSGA Bond Index Fund | 0.40% |
May 1, 2008 | ||
| LVIP SSGA Conservative Index Allocation Fund | 0.15% |
May 1, 2019 | ||
| LVIP SSGA Developed International 150 Fund | 0.40% on assets up to $100 million; 0.32% on assets above $100 million |
May 1, 2014 | ||
| LVIP SSGA Emerging Markets Equity Index Fund | 0.34% |
November 1, 2018 | ||
| LVIP SSGA Emerging Markets 100 Fund | 0.40% on assets up to $100 million; 0.33% on assets above $100 million |
May 1, 2014 | ||
| LVIP SSGA Global Tactical Allocation Managed Volatility Fund | 0.40% |
November 1, 2013 | ||
| LVIP SSGA International Index Fund | 0.40% |
May 1, 2008 | ||
| LVIP SSGA International Managed Volatility Fund | 0.23% |
May 1, 2019 | ||
| LVIP SSGA Large Cap 100 Fund | 0.40% on assets up to $100 million; 0.30% on assets above $100 million |
May 1, 2014 | ||
| LVIP SSGA Large Cap Managed Volatility Fund | 0.23% |
May 1, 2019 | ||
| LVIP SSGA Mid-Cap Index Fund | 0.27% |
September 1, 2014 | ||
| LVIP SSGA Moderate Index Allocation Fund | 0.15% |
May 1, 2019 | ||
| LVIP SSGA Moderately Aggressive Index Allocation Fund | 0.15% |
May 1, 2019 | ||
| LVIP SSGA Nasdaq-100 Index Fund | 0.29% |
February 1, 2021 | ||
6
| Fund Name | Management Fee Schedule (as a percentage of average daily net assets) |
Effective Date | ||
| LVIP SSGA S&P 500 Index Fund | 0.24% of the first $500 million; 0.20% of the next $500 million; and 0.16% of the excess over $1 billion |
April 30, 2007 | ||
| LVIP SSGA Short-Term Bond Index Fund | 0.28% |
April 30, 2018 | ||
| LVIP SSGA XXXX Cap Managed Volatility Fund | 0.23% |
May 1, 2019 | ||
| LVIP SSGA Small-Cap Index Fund | 0.32% |
April 30, 2007 | ||
| LVIP SSGA Small-Mid Cap 200 Fund | 0.40% on assets up to $100 million; 0.30% on assets over $100 million |
May 1, 2014 | ||
| LVIP Structured Conservative Allocation Fund | 0.15% |
May 1, 2019 | ||
| LVIP Structured Moderate Allocation Fund | 0.15% |
May 1, 2019 | ||
| LVIP Structured Moderately Aggressive Allocation Fund | 0.15% |
May 1, 2019 | ||
| LVIP X. Xxxx Price 2020 Fund | 0.19% |
May 1, 2019 | ||
| LVIP X. Xxxx Price 2030 Fund | 0.19% |
May 1, 2019 | ||
| LVIP X. Xxxx Price 2040 Fund | 0.19% |
May 1, 2019 | ||
| LVIP X. Xxxx Price 2050 Fund | 0.19% |
May 1, 2019 | ||
| LVIP X. Xxxx Price 2060 Fund | 0.19% |
May 1, 2020 | ||
| LVIP X. Xxxx Price Growth Stock Fund | 0.80% of the first $50 million; 0.75% of the next $50 million; 0.70% of the next $150 million; 0.65% of the next $250 million; and 0.60% of the excess over $500 million |
April 30, 2007 | ||
| LVIP X. Xxxx Price Structured Mid-Cap Growth Fund | 0.75% of the first $200 million; 0.70% of the next $200 million; and 0.65% of the excess over $400 million |
April 30, 2007 | ||
| LVIP U.S. Aggressive Growth Allocation Managed Risk Fund | 0.25% |
November 1, 2018 | ||
| LVIP U.S. Growth Allocation Managed Risk Fund | 0.25% |
May 1, 2019 | ||
| LVIP Vanguard Bond Allocation Fund | 0.25% |
April 29, 2011 | ||
| LVIP Vanguard Domestic Equity ETF Fund | 0.25% |
April 29, 2011 | ||
| LVIP Vanguard International Equity ETF Fund | 0.25% |
April 29, 2011 | ||
7
| Fund Name | Management Fee Schedule (as a percentage of average daily net assets) |
Effective Date | ||
| LVIP Wellington Capital Growth Fund |
0.75% of the first $100 million; 0.70% of the next $150 million; 0.65% of the next $750 million; and 0.60% of the excess over $1 billion |
April 30, 2007 | ||
| LVIP Wellington XXXX Cap Value Fund |
1.05% of the first $25 million; 0.95% of the next $25 million; 0.85% of the next $50 million; 0.75% of the next $150 million; and 0.70% of the excess over $250 million |
April 30, 2007 | ||
| LVIP Western Asset Core Bond Fund |
0.45% of the first $2 billion; and 0.35% of the excess over $2 billion |
July 1, 2016 | ||
1 To the extent that a Fund invests all its investable assets (e.g., securities and cash) in another registered investment company, the Trust will not pay the Investment Manager any fee pursuant to Section 4) of the Agreement.
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