AMENDMENT TO ADVISORY FEE WAIVER AGREEMENT
AMENDMENT TO
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 Advisory Fee Waiver Agreement (the “Agreement”), executed and effective as of March 07, 2013; 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/ Xxxxxxxx X. Xxxxxx |
By: /s/ Xxxxxxx X. Xxxxx, Xx. | ||||||||
| Name: Xxxxxxxx X. Xxxxxx |
Name: Xxxxxxx X. Xxxxx, Xx. | |||||||||
| Title: Senior Vice President |
Title: Vice President & Chief Accounting Officer | |||||||||
THIS SCHEDULE A lists the Funds and their respective Waiver Amounts, as well as the effective date and termination date for each Waiver Amount, established pursuant to the Advisory Fee Waiver Agreement.
| LVIP FUND NAME |
ADVISORY FEE WAIVER |
AVG. DAILY NET ASSETS OF THE |
EFFECTIVE DATE |
TERMINATION DATE | ||||
| Lincoln Nasdaq-100 Buffer Fund Jun |
0.23% 0.00% |
First $50M Over $50M |
May 1, 2023 | April 30, 2024 | ||||
| Lincoln Nasdaq-100 Buffer Fund Sep |
0.23% 0.00% |
First $50M Over $50M |
May 1, 2023 | April 30, 2024 | ||||
| Lincoln Nasdaq-100 Buffer Fund Dec |
0.23% 0.00% |
First $50M Over $50M |
May 1, 2023 | April 30, 2024 | ||||
| Lincoln Nasdaq-100 Buffer Fund Mar |
0.23% 0.00% |
First $50M Over $50M |
May 1, 2023 | April 30, 2024 | ||||
| Lincoln S&P 500 Buffer Fund Feb |
0.12% | All Fund assets | May 1, 2023 | April 30, 2024 | ||||
| Lincoln S&P 500 Ultra Buffer Fund Feb |
0.12% | All Fund assets | May 1, 2023 | April 30, 2024 | ||||
| Xxxxxxx S&P 500 Buffer Fund May |
0.12% | All Fund assets | May 1, 2023 | April 30, 2024 | ||||
| Lincoln S&P 500 Ultra Buffer Fund May |
0.12% | All Fund assets | May 1, 2023 | April 30, 2024 | ||||
| Lincoln S&P 500 Buffer Fund Aug |
0.12% | All Fund assets | May 1, 2023 | April 30, 2024 | ||||
| Lincoln S&P 500 Ultra Buffer Fund Aug |
0.12% | All Fund assets | May 1, 2023 | April 30, 2024 | ||||
| Lincoln S&P 500 Buffer Fund Nov |
0.12% | All Fund assets | May 1, 2023 | April 30, 2024 | ||||
| Lincoln S&P 500 Ultra Buffer Fund Nov |
0.12% | All Fund assets | May 1, 2023 | April 30, 2024 | ||||
| LVIP American Century Select Mid Cap Managed Volatility Fund |
0.005% | All Fund assets | May 1, 2023 | April 30, 2024 | ||||
| LVIP American Balanced Allocation Fund |
0.04% | All Fund assets | May 1, 2023 | April 30, 2024 | ||||
| LVIP American Growth Allocation Fund |
0.035% | All Fund assets | May 1, 2023 | April 30, 2024 | ||||
| LVIP American Income Allocation Fund |
0.04% | All Fund assets | May 1, 2023 | April 30, 2024 | ||||
| LVIP American Preservation Fund |
0.07% | All Fund assets | May 1, 2023 | April 30, 2024 | ||||
| LVIP Baron Growth Opportunities Fund |
0.11% 0.16% 0.21% 0.22% 0.27% |
Up to $250M $250M-$500M $500M - $700M $700M - $750M Over $750M |
January 1, 2023 | April 30, 2024 | ||||
| LVIP BlackRock Dividend Value Managed Volatility Fund |
0.125% 0.160% |
First $750M Over $750M |
May 1, 2023 | April 30, 2024 |
| LVIP FUND NAME |
ADVISORY FEE WAIVER |
AVG. DAILY NET ASSETS OF THE |
EFFECTIVE DATE |
TERMINATION DATE | ||||
| LVIP BlackRock Global Allocation Managed Risk Fund* |
0.075% |
All Fund assets | May 1, 2023 | April 30, 2024 | ||||
| LVIP BlackRock Global Growth ETF Allocation Managed Risk Fund | 0.005% | All Fund assets | May 1, 2023 | April 30, 2024 | ||||
| LVIP BlackRock Real Estate Fund |
0.02% 0.01% 0.00% |
First $250M $250M - $750M Over 750M |
May 1, 2023 | April 30, 2024 | ||||
| LVIP BlackRock U.S. Growth ETF Allocation Managed Risk Fund | 0.005% | All Fund assets | May 1, 2023 | April 30, 2024 | ||||
| LVIP Blended Large Cap Growth Managed Volatility Fund |
0.155% 0.105% 0.100% 0.085% |
First $100M Next $400M Next $ 1.5B Over $ 2B |
May 1, 2023 | April 30, 2024 | ||||
| LVIP Blended Mid Cap Managed Volatility Fund | 0.005% | All Fund assets | May 1, 2023 | April 30, 2024 | ||||
| LVIP ClearBridge Franklin Select Large Cap Managed Volatility Fund | 0.005% | All Fund assets | May 1, 2023 | April 30, 2024 | ||||
| LVIP Delaware Diversified Floating Rate Fund |
0.03% 0.05% |
First $2B Over $2B |
May 1, 2023 | April 30, 2024 | ||||
| LVIP Dimensional U.S. Core Equity 1 Fund | 0.01% | All Fund assets | May 1, 2023 | April 30, 2024 | ||||
| LVIP Dimensional U.S. Equity Managed Volatility Fund | 0.005% | All Fund assets | May 1,2023 | April 30, 2024 | ||||
| LVIP Fidelity Institutional AM® Select Core Equity Managed Volatility Fund* | 0.625% | All Fund assets | May 1, 2023 | April 30, 2024 | ||||
| LVIP Franklin Xxxxxxxxx Global Equity Managed Volatility Fund | 0.01% | All Fund assets | May 1, 2023 | April 30, 2024 | ||||
| LVIP Global Aggressive Growth Allocation Managed Risk Fund | 0.005% | All Fund assets | May 1, 2023 | April 30, 2024 | ||||
| LVIP Global Conservative Allocation Managed Risk Fund | 0.01% | All Fund assets | May 1, 2023 | April 30, 2024 | ||||
| LVIP Global Growth Allocation Managed Risk Fund | 0.01% | All Fund assets | May 1, 2023 | April 30, 2024 | ||||
| LVIP Global Income Fund |
0.1025% 0.1125% 0.1225% |
First $350M $350M to $525M $525M to $700M |
May 1, 2023 | April 30, 2024 |
| LVIP FUND NAME |
ADVISORY FEE WAIVER |
AVG. DAILY NET ASSETS OF THE |
EFFECTIVE DATE |
TERMINATION DATE | ||||
| 0.1375% | Over $700M | |||||||
| LVIP Global Moderate Allocation Managed Risk Fund |
0.015% |
All Fund assets | May 1, 2023 | April 30, 2024 | ||||
| LVIP JPMorgan High Yield Fund |
0.00% 0.05% |
First $150M Over $150M |
May 1, 2023 | April 30, 2024 | ||||
| LVIP JPMorgan Retirement Income Fund | 0.45% | All Fund assets | May 1, 2023 | April 30, 2024 | ||||
| LVIP JPMorgan Select Mid Cap Managed Volatility Fund | 0.015% | All Fund assets | May 1, 2023 | April 30, 2024 | ||||
| LVIP MFS International Growth Fund |
0.11% 0.10% |
First $400M Over $400M |
May 1, 2023 | April 30, 2024 | ||||
| LVIP MFS International Equity Managed Volatility Fund* | 0.665% | All Fund assets | May 1, 2023 | April 30, 2024 | ||||
| LVIP MFS Value Fund | 0.04% | All fund assets | January 1, 2023 | April 30, 2024 | ||||
| LVIP Mondrian International Value Fund |
0.015% 0.010% |
First $1B Over $1B |
May 1, 2023 | April 30, 2024 | ||||
| LVIP PIMCO Low Duration Bond Fund |
0.050% 0.075% |
First $500M Over $500M |
May 1, 2023 | April 30, 2024 | ||||
| LVIP SSGA Global Tactical Allocation Managed Volatility Fund | 0.10% | All Fund assets | May 1, 2023 | April 30, 2024 | ||||
| LVIP SSGA Bond Index Fund |
0.08% 0.122% 0.152% 0.157% 0.162% |
First $500M Next $1.5B Next $500M Next $2.5B Over $5.0B |
May 1, 2023 | April 30, 2024 | ||||
| LVIP SSGA Developed International 150 Fund
|
0.07% 0.01%
|
Up to $50M $50M - $500M
|
May 1, 2023 | April 30, 2024 | ||||
| LVIP SSGA Emerging Markets 100 Fund |
0.065% 0.025% 0.005% |
Up to $50M $50M - $100M $100M - $500M |
May 1, 2023 | April 30, 2024 | ||||
| LVIP SSGA International Index Fund |
0.097% 0.145% |
Up to $1B Over $1B |
May 1, 2023 | April 30, 2024 | ||||
| LVIP SSGA International Managed Volatility Fund | 0.005% | All Fund assets | May 1, 2023 | April 30, 2024 | ||||
| LVIP SSGA Large Cap 100 Fund |
0.08% 0.015% |
Up to $50M $50M - $500M |
May 1, 2023 | April 30, 2024 | ||||
| LVIP SSGA Large Cap Managed Volatility Fund | 0.005% | All Fund assets | May 1, 2023 | April 30, 2024 | ||||
| LVIP SSGA Mid Cap Index Fund |
0.005% 0.010% |
Up to $1.5B Over $1.5B |
May 1, 2023 | April 30, 2024 | ||||
| LVIP SSGA S&P 500 | 0.002% | Up to $1B | May 1, 2023 | April 30, 2024 |
| LVIP FUND NAME |
ADVISORY FEE WAIVER |
AVG. DAILY NET ASSETS OF THE |
EFFECTIVE DATE |
TERMINATION DATE | ||||
| Index Fund | ||||||||
| LVIP SSGA Small-Cap Index Fund |
0.005% 0.010% 0.015% |
Up to $500M Next $1B Over $1.5B |
May 1, 2023 | April 30, 2024 | ||||
| LVIP SSGA Small-Mid Cap 200 Fund | 0.065% | Up to $50M | May 1, 2023 | April 30, 2024 | ||||
| LVIP SSGA XXXX Cap Managed Volatility Fund | 0.005% | All Fund assets | May 1, 2023 | April 30, 2024 | ||||
| LVIP X. Xxxx Price Growth Stock Fund | 0.00%
0.025% 0.0125% |
Fund assets < $1B: Up to $1B Fund assets > $1B: First $1B Over $1B |
May 1, 2023 | April 30, 2024 | ||||
| LVIP X. Xxxx Price Structured Mid-Cap Growth Fund | 0.05% | Over $750M | May 1, 2023 | April 30, 2024 | ||||
| LVIP U.S. Aggressive Growth Allocation Managed Risk Fund | 0.015% | All Fund assets | May 1, 2023 | April 30, 2024 | ||||
| LVIP U.S. Growth Allocation Managed Risk Fund | 0.01% | All Fund assets | May 1, 2023 | April 30, 2024 | ||||
| LVIP Vanguard Domestic Equity ETF Fund | 0.05% | All Fund assets | May 1, 2023 | April 30, 2024 | ||||
| LVIP Vanguard International Equity ETF Fund | 0.05% | All Fund assets | May 1, 2023 | April 30, 2024 | ||||
| LVIP Wellington Capital Growth Fund |
0.04% 0.07% |
First $500M Over $ 500M |
May 1, 2023 | April 30,2024 | ||||
| LVIP Wellington XXXX Cap Value Fund |
0.115% 0.075% |
First $100M Over $100M |
May 1, 2023 | April 30, 2024 |
* The Waiver Amount shall renew automatically for one-year terms unless the Trust and LIA mutually agree to the termination at least 10 days prior to the end of the then current term.
