AMENDMENT TO
SCHEDULE A
AMENDED AND RESTATED
EXPENSE LIMITATION AGREEMENT
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 CLASS EXPENSE LIMIT |
EFFECTIVE DATE |
TERMINATION DATE | ||||
Lincoln Hedged S&P 500 Conservative Fund | 0.58% | 0.93% | May 1, 2023 | April 30, 2024 | ||||
Lincoln Hedged S&P 500 Fund | 0.58% | 0.93% | May 1, 2023 | April 30, 2024 | ||||
Lincoln Nasdaq- 100 Buffer Fund Jun | 0.62% | 0.97% | May 1, 2023 | April 30, 2024 | ||||
Lincoln Nasdaq- 100 Buffer Fund Sep | 0.62% | 0.97% | May 1, 2023 | April 30, 2024 | ||||
Lincoln Nasdaq- 100 Buffer Fund Dec | 0.62% | 0.97% | May 1, 2023 | April 30, 2024 | ||||
Lincoln Nasdaq- 100 Buffer Fund Mar | 0.62% | 0.97% | May 1, 2023 | April 30, 2024 | ||||
Lincoln Opportunistic Hedged Equity Fund | 0.59% | 0.94% | November 15, 2023 | April 30, 2024 | ||||
Lincoln S&P 500 Buffer Fund May | 0.58% | 0.93% | May 1, 2023 | April 30, 2024 | ||||
Lincoln S&P 500 Ultra Buffer Fund May | 0.58% | 0.93% | May 1, 2023 | April 30, 2024 | ||||
Lincoln S&P 500 Buffer Fund Nov | 0.58% | 0.93% | May 1,2023 | April 30, 2024 | ||||
Lincoln S&P 500 Ultra Buffer Fund Nov | 0.58% | 0.93% | May 1, 2023 | April 30, 2024 | ||||
Lincoln S&P 500 Buffer Fund Feb | 0.58% | 0.93% | May 1, 2023 | April 30, 2024 |
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LVIP FUND NAME |
STANDARD CLASS EXPENSE LIMIT |
SERVICE CLASS EXPENSE LIMIT |
EFFECTIVE DATE |
TERMINATION DATE | ||||
Lincoln S&P 500 Ultra Buffer Fund Feb | 0.58% | 0.93% | May 1, 2023 | April 30, 2024 | ||||
LVIP Baron Growth Opportunities Fund | 0.93% | 1.18% | May 1, 2023 | April 30, 2024 | ||||
LVIP BlackRock Dividend Value Managed Volatility Fund1 | 0.675% | 0.925% | May 1, 2023 | April 30, 2024 | ||||
LVIP BlackRock Global Allocation Fund2 | 0.71% | 0.96% | April 1, 2022 | June 17, 2024 | ||||
LVIP Channing Small Cap Value Fund | 0.88% | 1.13% | July 18, 2022 | April 30, 2024 | ||||
LVIP ClearBridge Franklin Select Large Cap Managed Volatility Fund | 0.675% | 1.025% | May 1, 2023 | April 30, 2024 | ||||
LVIP Delaware Wealth Builder Fund | 0.71% | 0.96% | May 1, 2023 | April 30, 2024 | ||||
LVIP Delaware U.S. Growth Fund 3 | 0.73% | 1.03% | May 1, 2023 | April 30, 2024 | ||||
LVIP Delaware Value Fund4 | 0.69% | 0.99% | May 1, 2023 | April 30, 2024 | ||||
LVIP Delaware Diversified Income Fund5 | 0.54% | 0.84% | May 1, 2023 | April 30, 2024 |
1 May be amended only with Board consent.
2 Effective upon the merger of LVIP BlackRock Advantage Allocation Fund and LVIP Franklin Templeton Multi-Asset Opportunities Fund into the LVIP BlackRock Global Allocation Fund (the “Fund”) on June 17, 2022, 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 0.71% (for Standard class) and 0.96% (for Service class) until June 17, 2024. After June 17, 2024, LIAC may amend this expense limit only with the Board’s consent.
3 May be amended only with Board consent.
4 May be amended only with Board consent.
5 May be amended only with Board consent.
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LVIP FUND NAME |
STANDARD CLASS EXPENSE LIMIT |
SERVICE CLASS EXPENSE LIMIT |
EFFECTIVE DATE |
TERMINATION DATE | ||||
LVIP Delaware Limited-Term Diversified Income Fund6 | 0.53% | 0.83% | May 1, 2023 | April 30, 2024 | ||||
LVIP Delaware SMID Cap Core Fund7 | 0.80% | 1.10% | May 1, 2023 | April 30, 2024 | ||||
LVIP Delaware High Yield Fund 8 | 0.74% | 1.04% | May 1, 2023 | April 30, 2024 | ||||
LVIP Delaware U.S. REIT Fund9 | 0.83% | 1.13% | May 1, 2023 | April 30, 2024 | ||||
LVIP Dimensional International Core Equity Fund | 0.62% | 0.87% | May 1, 2023 | April 30, 2024 | ||||
LVIP Fidelity Institutional AM® Select Core Equity Managed Volatility Fund | 0.095% | 0.445% | May 1, 2023 | April 30, 2024 | ||||
LVIP Global Aggressive Growth Allocation Managed Risk Fund | 0.325% | 0.575% | May 1, 2023 | April 30, 2024 | ||||
LVIP Invesco Select Equity Income Managed Volatility Fund 10 | 0.565% | 0.915% | May 1, 2023 | April 30, 2024 | ||||
LVIP JPMorgan Core Bond Fund | 0.54% | 0.79% | May 1, 2023 | April 30, 2025 | ||||
LVIP JPMorgan Mid Cap Value Fund | 0.76% | 1.01% | May 1, 2023 | April 30, 2025 | ||||
LVIP JPMorgan Retirement Income Fund11 | 0.38% | 0.63% | April 1, 2022 | June 10, 2024 |
6 May be amended only with Board consent.
7 May be amended only with Board consent.
8 May be amended only with Board consent.
9 May be amended only with Board consent.
10 May be amended only with Board consent.
11 Effective upon the merger of the LVIP T. Rowe Price 2010 Fund into the LVIP JPMorgan Retirement Income Fund (the “Fund”) on June 10, 2022, LIAC agreed to limit the Fund’s Operating Expenses at the levels shown above
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LVIP FUND NAME |
STANDARD CLASS EXPENSE LIMIT |
SERVICE CLASS EXPENSE LIMIT |
EFFECTIVE DATE |
TERMINATION DATE | ||||
LVIP JPMorgan Small Cap Core Fund | 0.82% | 1.07% | May 1, 2023 | April 30, 2025 | ||||
LVIP JPMorgan U.S. Equity Fund | 0.75% | 1.00% | May 1, 2023 | April 30, 2025 | ||||
LVIP Loomis Sayles Global Growth Fund | 0.77% | 1.12% | May 1, 2023 | April 30, 2024 | ||||
LVIP MFS International Equity Managed Volatility Fund | 0.185% | 0.435% | May 1, 2023 | April 30, 2024 | ||||
LVIP Multi-Manager Global Equity Managed Volatility Fund | 0.21% | 0.56% | May 1, 2023 | April 30, 2024 | ||||
LVIP PIMCO Low Duration Bond Fund | 0.50% | 0.75% | May 1, 2023 | April 30, 2024 | ||||
LVIP SSGA Conservative Index Allocation Fund | 0.20% | 0.45% | May 1, 2023 | April 30, 2024 | ||||
LVIP SSGA Emerging Markets Equity Index Fund | 0.50% | 0.75% | May 1, 2023 | April 30, 2024 | ||||
LVIP SSGA International Managed Volatility Fund | 0.245% | 0.495% | May 1, 2023 | April 30, 2024 | ||||
LVIP SSGA Large Cap Managed Volatility Fund | 0.245% | 0.495% | May 1, 2023 | April 30, 2024 | ||||
LVIP SSGA Short-Term Bond Index Fund | 0.3625% | 0.6125% | May 1, 2023 | April 30, 2024 | ||||
LVIP SSGA Nasdaq-100 Index Fund | 0.45% | 0.70% | May 1, 2023 | April 30, 2024 |
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 0.38% (for Standard class) and 0.63% (for Service class) until June 10, 2024. After June 10, 2024, LIAC may amend this expense limit only with the Board’s consent.
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LVIP FUND NAME |
STANDARD CLASS EXPENSE LIMIT |
SERVICE CLASS EXPENSE LIMIT |
EFFECTIVE DATE |
TERMINATION DATE | ||||
LVIP SSGA SMID Cap Managed Volatility Fund | 0.245% | 0.495% | May 1, 2023 | April 30, 2024 | ||||
LVIP T. Rowe Price 2020 Fund | 0.24% | 0.49% | May 1, 2023 | April 30, 2024 | ||||
LVIP T. Rowe Price 2030 Fund | 0.25% | 0.50% | May 1, 2023 | April 30, 2024 | ||||
LVIP T. Rowe Price 2040 Fund | 0.26% | 0.51% | May 1, 2023 | April 30, 2024 | ||||
LVIP T. Rowe Price 2050 Fund | 0.27% | 0.52% | May 1, 2023 | April 30, 2024 | ||||
LVIP T. Rowe Price 2060 Fund | 0.27% | 0.52% | May 1, 2023 | April 30, 2024 | ||||
LVIP U.S. Aggressive Growth Allocation Managed Risk Fund | 0.315% | 0.565% | May 1, 2023 | April 30, 2024 |
MASTER-FEEDER FUNDS | ||||||||
LVIP American Global Small Capitalization Fund | 0.10% 12 Service II Class |
N/A | May 1, 2023 | April 30, 2024 |
LINCOLN FINANCIAL INVESTMENTS CORPORATION |
LINCOLN VARIABLE INSURANCE PRODUCTS TRUST, on behalf of each of its Funds listed on Schedule A | |||||||||
By: | /s/ Benjamin A. Richer |
By: | /s/ William P. Flory, Jr. | |||||||
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Name: | Benjamin A. Richer | Name: William P. Flory, Jr. |
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Title: | Senior Vice President | Title: Vice President & Chief Accounting Officer |
12 Applies only to “Other Expenses” as such term is used in the Fund’s prospectus.
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