AMENDMENT TO
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.
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STANDARD |
SERVICE |
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LVIP FUND NAME |
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CLASS |
CLASS |
EFFECTIVE |
TERMINATION | |
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EXPENSE |
EXPENSE |
DATE |
DATE | ||
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LIMIT |
LIMIT |
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Lincoln iShares® Fixed |
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Income Allocation Fund |
0.15% |
N/A |
May 1, 2020 |
April 30, 2021 | |||
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Lincoln iShares® Global |
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Growth Allocation Fund |
0.20% |
N/A |
May 1, 2020 |
April 30, 2021 | |||
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Lincoln iShares® U.S. |
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Moderate Allocation Fund |
0.19% |
N/A |
May 1, 2020 |
April 30, 2021 | |||
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LVIP American Century |
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Select Mid Cap Value |
0.895% |
1.245% |
May 1, 2020 |
April 30, 2021 | |||
Managed Volatility Fund | |||||||
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LVIP Baron Growth |
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Opportunities Fund |
0.93% |
1.18% |
May 1, 2020 |
April 30, 2021 | |||
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LVIP BlackRock Advantage |
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Allocation Fund |
0.73% |
0.98% |
May 1, 2020 |
April 30, 2021 | |||
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LVIP BlackRock Dividend |
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Value Managed Volatility |
0.675% |
0.925% |
May 1, 2020 |
November 22, 2021 | |||
Fund1 |
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LVIP BlackRock Global |
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Allocation Fund |
0.73% |
0.98% |
May 1, 2020 |
April 30, 2021 | |||
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LVIP ClearBridge QS Select |
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Large Cap Managed |
0.675% |
1.025% |
May 1, 2020 |
May 25, 2021 | |||
Volatility Fund2 |
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1Effective upon the reorganization of the LVIP Franklin Xxxxxxxxx Value Managed Volatility Fund into LVIP BlackRock Dividend Managed Volatility Fund (the "Fund") on November 22, 2019, 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 0.68% (for Standard class) and 0.93% (for Service class) until at least November 22, 2021. After November 22, 2021, LIAC may amend this expense limit only with the Board's consent. Effective May 1, 2020, LIAC will reduce the Fund's expense limit to 0.675% (for Standard class) and 0.925% (for Service Class) until at least November 22,2021.
2Effective upon the reorganization of the LVIP ClearBridge Large Cap Managed Volatility Fund into LVIP ClearBridge QS Select Large Cap Managed Volatility Fund (the "Fund") on May 24, 2019, 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 0.68% (for Standard class) and
1
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STANDARD |
SERVICE |
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LVIP FUND NAME |
CLASS |
CLASS |
EFFECTIVE |
TERMINATION | ||
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EXPENSE |
EXPENSE |
DATE |
DATE | |||
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LIMIT |
LIMIT |
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LVIP Delaware Wealth |
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Builder Fund |
0.71% |
0.96% |
May 1, 2020 |
April 30, 2021 | |||
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LVIP Dimensional |
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International Core Equity |
0.64% |
0.89% |
March 4, 2020 |
April 30, 2021 | |||
Fund | |||||||
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LVIP Franklin Xxxxxxxxx |
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Multi-Asset Opportunities |
0.42% |
0.67% |
May 1, 2020 |
April 30, 2021 | |||
Fund | |||||||
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LVIP Fidelity Institutional |
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AM® Select Core Equity |
0.095% |
0.445% |
May 1, 2020 |
April 30, 2021 | |||
Managed Volatility Fund |
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LVIP Global Aggressive |
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Growth Allocation Managed |
0.325% |
0.575% |
May 1, 2020 |
April 30, 2021 | |||
Risk Fund | |||||||
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LVIP Invesco Select Equity |
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Income Managed Volatility |
0.565% |
0.915% |
May 1, 2020 |
May 24, 2021 | |||
Fund3 | |||||||
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LVIP JPMorgan Retirement |
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Income Fund |
0.507% |
0.757% |
May 1, 2020 |
April 30, 2021 | |||
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LVIP Xxxxxx Xxxxxx Global |
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Growth Fund |
0.77% |
1.12% |
May 1, 2020 |
April 30, 2021 | |||
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LVIP MFS International |
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Equity Managed Volatility |
0.195% |
0.445% |
May 1, 2020 |
April 30, 2021 | |||
Fund | |||||||
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LVIP Multi-Manager Global |
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Equity Managed Volatility |
0.21% |
0.56% |
May 1, 2020 |
April 30, 2021 | |||
Fund |
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LVIP PIMCO Low Duration |
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Bond Fund |
0.54% |
0.79% |
May 1, 2020 |
April 30, 2021 | |||
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1.03% (for Service class) until at least May 25, 2021. Effective May 1, 2020, LIAC will reduce the Fund's expense limit to 0.675% (for Standard class) and 1.025% (for Service class) until at least May 25, 2021.
3Effective upon the reorganization of the Invesco Diversified Equity-Income Managed Volatility Fund into the LVIP Invesco Select Equity Income Managed Volatility Fund (the "Fund") on May 24, 2019, 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 0.57% (for Standard class) and 0.92% (for Service class) until May 24, 2021. Effective May 1, 2020, LIAC will reduce the Fund's expense limit to 0.565% (for Standard class) and 0.915% (for Service class) until at least May 24, 2021. After May 24, 2021, LIAC may amend this expense limit only with the Board's consent.
2
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STANDARD |
SERVICE |
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LVIP FUND NAME |
CLASS |
CLASS |
EFFECTIVE |
TERMINATION | |
EXPENSE |
EXPENSE |
DATE |
DATE | ||
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LIMIT |
LIMIT |
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LVIP SSGA Conservative |
0.20% |
0.45% |
May 1, 2020 |
April 30, 2021 | |
Index Allocation Fund | |||||
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LVIP SSGA Emerging |
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Markets Equity Index Fund |
0.50% |
0.75% |
May 1, 2020 |
April 30, 2021 | |
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LVIP SSGA International |
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Index Fund |
0.40% |
0.65% |
May 1, 2020 |
April 30, 2021 | |
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LVIP SSGA International |
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Managed Volatility Fund |
0.245% |
0.495% |
May 1, 2020 |
April 30, 2021 | |
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LVIP SSGA Large Cap |
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Managed Volatility Fund |
0.245% |
0.495% |
May 1, 2020 |
April 30, 2021 | |
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LVIP SSGA Short-Term |
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Bond Index Fund |
0.3625% |
0.6125% |
May 1, 2020 |
April 30, 2021 | |
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LVIP SSGA XXXX Cap |
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Managed Volatility Fund |
0.245% |
0.495% |
May 1, 2020 |
April 30, 2021 | |
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LVIP X. Xxxx Price 2010 |
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Fund |
0.27% |
0.52% |
May 1, 2020 |
April 30, 2021 | |
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LVIP X. Xxxx Price 2020 |
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Fund |
0.24% |
0.49% |
May 1, 2020 |
April 30, 2021 | |
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LVIP X. Xxxx Price 2030 |
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Fund |
0.25% |
0.50% |
May 1, 2020 |
April 30, 2021 | |
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LVIP X. Xxxx Price 2040 |
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Fund |
0.26% |
0.51% |
May 1, 2020 |
April 30, 2021 | |
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LVIP X. Xxxx Price 2050 |
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Fund |
0.27% |
0.52% |
May 1, 2020 |
April 30, 2021 | |
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LVIP X. Xxxx Price 2060 |
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Fund |
0.27% |
0.52% |
May 1, 2020 |
April 30, 2021 | |
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LVIP U.S. Aggressive |
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Growth Allocation Managed |
0.315% |
0.565% |
May 1, 2020 |
April 30, 2021 | |
Risk Fund | |||||
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3
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STANDARD |
SERVICE |
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LVIP FUND NAME |
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CLASS |
CLASS |
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EFFECTIVE |
TERMINATION |
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EXPENSE |
EXPENSE |
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DATE |
DATE | |
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LIMIT |
LIMIT |
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MASTER-FEEDER FUNDS |
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LVIP American Global Small |
0.10% 4 |
N/A |
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May 1, 2020 |
April 30, 2021 | ||
Capitalization Fund |
Service II Class |
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4Applies 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 April 6, 2020 and effective in accordance with the dates noted above.
LINCOLN INVESTMENT ADVISORS |
LINCOLN VARIABLE INSURANCE |
CORPORATION |
PRODUCTS TRUST, on behalf of each of its |
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Funds listed on Schedule A |
By: |
/s/ Xxxxxx X. Xxxxxxxxxx |
By: |
/s/ Xxxxxxx X. Xxxxx, Xx. |
Name: Xxxxxx X. Xxxxxxxxxx |
Name: Xxxxxxx X. Xxxxx, Xx. | ||
Title: |
President |
Title: Vice President & Chief Accounting Officer | |
5
