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 |
STANDARD CLASS II EXPENSE LIMIT |
SERVICE CLASS EXPENSE LIMIT |
EFFECTIVE DATE |
TERMINATION DATE | |||||
| Lincoln Hedged Nasdaq-100 Fund2 | 0.62% | N/A | 0.97% | May 1, 2025 | June 21, 2026 | |||||
| Lincoln Hedged S&P 500 Conservative Fund3 | 0.58% | N/A | 0.93% | May 1, 2025 | June 21, 2026 | |||||
| Lincoln Hedged S&P 500 Fund4 | 0.58% | N/A | 0.93% | May 1, 2025 | June 21, 2026 | |||||
| Lincoln Opportunistic Hedged Equity Fund | 0.59% | N/A | 0.94% | May 1, 2025 | April 30, 2026 | |||||
| LVIP American Century Balanced Fund | 0.67% | 0.77% | 1.02% | May 1, 2025 | April 30, 2026 | |||||
| LVIP American Century Capital Appreciation Fund | 0.57% | 0.79% | 0.94% | May 1, 2025 | April 30, 2026 | |||||
| LVIP American Century Disciplined Core Value Fund | 0.61% | 0.71% | 0.96% | May 1, 2025 | April 30, 2026 | |||||
| LVIP American Century Inflation Protection Fund | 0.36% | 0.46% | 0.71% | May 1, 2025 | April 30, 2026 | |||||
| LVIP American Century International Fund | 0.85% | 0.95% | 1.10% | May 1, 2025 | April 30, 2026 | |||||
| * | May be amended only with Board approval. |
| 1 | Applies only to “Other Expenses” as such term is used in the Fund’s prospectus. |
| 2 | Effective upon the substitution of the Lincoln Hedged Nasdaq-100 Fund 2, Lincoln Hedged Nasdaq-100 Fund 3, and Lincoln Hedged Nasdaq-100 Fund 4 into the Lincoln Hedged Nasdaq-100 Fund (the “Fund”) on June 21, 2024, LFI agreed to limit the Fund’s prospectus Total Annual Fund Operating Expenses (After Fee Waiver/Expense Reimbursement) to 0.85% (for Standard class) and 1.20% (for Service class) until June 21, 2026. |
| 3 | Effective upon the substitution of the Lincoln Hedged S&P 500 Conservative Fund 2, Lincoln Hedged S&P 500 Conservative Fund 3, and Lincoln Hedged S&P 500 Conservative Fund 4 into the Lincoln Hedged S&P 500 Conservative Fund (the “Fund”) on June 21, 2024, LFI agreed to limit the Fund’s prospectus Total Annual Fund Operating Expenses (After Fee Waiver/Expense Reimbursement) to 0.69% (for Standard class) and 1.04% (for Service class) until June 21, 2026. |
| 4 | Effective upon the substitution of the Lincoln Hedged S&P 500 Fund 2, Lincoln Hedged S&P 500 Fund 3, and Lincoln Hedged S&P 500 Fund 4 into the Lincoln Hedged S&P 500 Fund (the “Fund”) on June 21, 2024, LFI agreed to limit the Fund’s prospectus Total Annual Fund Operating Expenses (After Fee Waiver/Expense Reimbursement) to 0.70% (for Standard class) and 1.05% (for Service class) until June 21, 2026. |
| LVIP FUND NAME |
STANDARD CLASS EXPENSE LIMIT |
STANDARD CLASS II EXPENSE LIMIT |
SERVICE CLASS EXPENSE LIMIT |
EFFECTIVE DATE |
TERMINATION DATE | |||||
| LVIP American Century Large Company Value Fund | 0.60% | 0.70% | 0.85% | May 1, 2025 | April 30, 2026 | |||||
| LVIP American Century Mid Cap Value Fund | 0.76% | 0.86% | 1.01% | May 1, 2025 | April 30, 2026 | |||||
| LVIP American Century Ultra Fund | 0.65% | 0.75% | 0.90% | May 1, 2025 | August 31, 2026 | |||||
| LVIP American Century Value Fund | 0.61% | 0.71% | 0.86% | May 1, 2025 | April 30, 2026 | |||||
| LVIP American Funds Vanguard Active Passive Growth Fund | 0.42% | N/A | 0.77% | May 1, 2025 | July 1, 2027 | |||||
| * | May be amended only with Board approval. |
| 1 | Applies only to “Other Expenses” as such term is used in the Fund’s prospectus. |
| 2 | Effective upon the substitution of the Lincoln Hedged Nasdaq-100 Fund 2, Lincoln Hedged Nasdaq-100 Fund 3, and Lincoln Hedged Nasdaq-100 Fund 4 into the Lincoln Hedged Nasdaq-100 Fund (the “Fund”) on June 21, 2024, LFI agreed to limit the Fund’s prospectus Total Annual Fund Operating Expenses (After Fee Waiver/Expense Reimbursement) to 0.85% (for Standard class) and 1.20% (for Service class) until June 21, 2026. |
| 3 | Effective upon the substitution of the Lincoln Hedged S&P 500 Conservative Fund 2, Lincoln Hedged S&P 500 Conservative Fund 3, and Lincoln Hedged S&P 500 Conservative Fund 4 into the Lincoln Hedged S&P 500 Conservative Fund (the “Fund”) on June 21, 2024, LFI agreed to limit the Fund’s prospectus Total Annual Fund Operating Expenses (After Fee Waiver/Expense Reimbursement) to 0.69% (for Standard class) and 1.04% (for Service class) until June 21, 2026. |
| 4 | Effective upon the substitution of the Lincoln Hedged S&P 500 Fund 2, Lincoln Hedged S&P 500 Fund 3, and Lincoln Hedged S&P 500 Fund 4 into the Lincoln Hedged S&P 500 Fund (the “Fund”) on June 21, 2024, LFI agreed to limit the Fund’s prospectus Total Annual Fund Operating Expenses (After Fee Waiver/Expense Reimbursement) to 0.70% (for Standard class) and 1.05% (for Service class) until June 21, 2026. |
| LVIP FUND NAME |
STANDARD CLASS EXPENSE LIMIT |
STANDARD CLASS II EXPENSE LIMIT |
SERVICE CLASS EXPENSE LIMIT |
EFFECTIVE DATE |
TERMINATION DATE | |||||
| LVIP BlackRock Dividend Value Managed Volatility Fund | 0.63% | N/A | 0.88% | August 1, 2025 | August 1, 2027 | |||||
| LVIP BlackRock Equity Dividend Fund* | 0.67% | N/A | 0.97% | May 1, 2025 | April 30, 2026 | |||||
| LVIP BlackRock Global Allocation Fund* | 0.71% | N/A | 0.96% | May 1, 2025 | April 30, 2026 | |||||
| LVIP Channing Small Cap Value Fund | 0.88% | N/A | 1.13% | May 1, 2025 | April 30, 2026 | |||||
| LVIP ClearBridge Franklin Select Large Cap Managed Volatility Fund |
0.645% | N/A | 0.995% | May 1, 2025 | April 30, 2026 | |||||
| LVIP ClearBridge Appreciation Fund | 0.70% | N/A | 0.95% | May 1, 2026 | April 30, 2028 | |||||
| LVIP ClearBridge Dividend Strategy Fund | 0.75% | N/A | 1.00% | May 1, 2026 | April 30, 2028 | |||||
| LVIP ClearBridge Large Cap Growth Fund | 0.74% | N/A | 0.99% | May 1, 2026 | April 30, 2028 | |||||
| LVIP ClearBridge Large Cap Value Fund | 0.72% | N/A | 0.97% | May 1, 2026 | April 30, 2028 | |||||
| * | May be amended only with Board approval. |
| 1 | Applies only to “Other Expenses” as such term is used in the Fund’s prospectus. |
| 2 | Effective upon the substitution of the Lincoln Hedged Nasdaq-100 Fund 2, Lincoln Hedged Nasdaq-100 Fund 3, and Lincoln Hedged Nasdaq-100 Fund 4 into the Lincoln Hedged Nasdaq-100 Fund (the “Fund”) on June 21, 2024, LFI agreed to limit the Fund’s prospectus Total Annual Fund Operating Expenses (After Fee Waiver/Expense Reimbursement) to 0.85% (for Standard class) and 1.20% (for Service class) until June 21, 2026. |
| 3 | Effective upon the substitution of the Lincoln Hedged S&P 500 Conservative Fund 2, Lincoln Hedged S&P 500 Conservative Fund 3, and Lincoln Hedged S&P 500 Conservative Fund 4 into the Lincoln Hedged S&P 500 Conservative Fund (the “Fund”) on June 21, 2024, LFI agreed to limit the Fund’s prospectus Total Annual Fund Operating Expenses (After Fee Waiver/Expense Reimbursement) to 0.69% (for Standard class) and 1.04% (for Service class) until June 21, 2026. |
| 4 | Effective upon the substitution of the Lincoln Hedged S&P 500 Fund 2, Lincoln Hedged S&P 500 Fund 3, and Lincoln Hedged S&P 500 Fund 4 into the Lincoln Hedged S&P 500 Fund (the “Fund”) on June 21, 2024, LFI agreed to limit the Fund’s prospectus Total Annual Fund Operating Expenses (After Fee Waiver/Expense Reimbursement) to 0.70% (for Standard class) and 1.05% (for Service class) until June 21, 2026. |
| LVIP FUND NAME |
STANDARD CLASS EXPENSE LIMIT |
STANDARD CLASS II EXPENSE LIMIT |
SERVICE CLASS EXPENSE LIMIT |
EFFECTIVE DATE |
TERMINATION DATE | |||||
| LVIP Dimensional International Core Equity Fund | 0.62% | N/A | 0.87% | May 1, 2025 | April 30, 2026 | |||||
| LVIP Fidelity Institutional AM® Select Core Equity Managed Volatility Fund |
0.095% | N/A | 0.445% | May 1, 2025 | April 30, 2026 | |||||
| LVIP Fidelity Institutional AM® Total Bond Fund* | 0.51% | N/A | 0.81% | May 1, 2025 | April 30, 2026 | |||||
| LVIP Franklin Templeton Core Bond Fund | 0.37% | N/A | 0.72% | October 31, 2025 | October 31, 2027 | |||||
| LVIP Global Aggressive Growth Allocation Managed Risk Fund | 0.325% | N/A | 0.575% | May 1, 2025 | April 30, 2026 | |||||
| LVIP Invesco Select Equity Income Managed Volatility Fund* | 0.565% | N/A | 0.915% | May 1, 2025 | April 30, 2026 | |||||
| LVIP JPMorgan Retirement Income Fund* | 0.38% | N/A | 0.63% | May 1, 2025 | April 30, 2026 | |||||
| LVIP JPMorgan Short Duration Bond Fund* | 0.47% | N/A | 0.77% | May 1, 2025 | April 30, 2026 | |||||
| LVIP Loomis Sayles Global Growth Fund | 0.77% | N/A | 1.12% | May 1, 2025 | April 30, 2026 | |||||
| LVIP Macquarie High Yield Fund* | 0.74% | N/A | 1.04% | May 1, 2025 | April 30, 2026 | |||||
| LVIP Macquarie SMID Cap Core Fund* | 0.80% | N/A | 1.10% | May 1, 2025 | April 30, 2026 | |||||
| * | May be amended only with Board approval. |
| 1 | Applies only to “Other Expenses” as such term is used in the Fund’s prospectus. |
| 2 | Effective upon the substitution of the Lincoln Hedged Nasdaq-100 Fund 2, Lincoln Hedged Nasdaq-100 Fund 3, and Lincoln Hedged Nasdaq-100 Fund 4 into the Lincoln Hedged Nasdaq-100 Fund (the “Fund”) on June 21, 2024, LFI agreed to limit the Fund’s prospectus Total Annual Fund Operating Expenses (After Fee Waiver/Expense Reimbursement) to 0.85% (for Standard class) and 1.20% (for Service class) until June 21, 2026. |
| 3 | Effective upon the substitution of the Lincoln Hedged S&P 500 Conservative Fund 2, Lincoln Hedged S&P 500 Conservative Fund 3, and Lincoln Hedged S&P 500 Conservative Fund 4 into the Lincoln Hedged S&P 500 Conservative Fund (the “Fund”) on June 21, 2024, LFI agreed to limit the Fund’s prospectus Total Annual Fund Operating Expenses (After Fee Waiver/Expense Reimbursement) to 0.69% (for Standard class) and 1.04% (for Service class) until June 21, 2026. |
| 4 | Effective upon the substitution of the Lincoln Hedged S&P 500 Fund 2, Lincoln Hedged S&P 500 Fund 3, and Lincoln Hedged S&P 500 Fund 4 into the Lincoln Hedged S&P 500 Fund (the “Fund”) on June 21, 2024, LFI agreed to limit the Fund’s prospectus Total Annual Fund Operating Expenses (After Fee Waiver/Expense Reimbursement) to 0.70% (for Standard class) and 1.05% (for Service class) until June 21, 2026. |
| LVIP FUND NAME |
STANDARD CLASS EXPENSE LIMIT |
STANDARD CLASS II EXPENSE LIMIT |
SERVICE CLASS EXPENSE LIMIT |
EFFECTIVE DATE |
TERMINATION DATE | |||||
| LVIP Macquarie U.S. Growth Fund | 0.73% | N/A | 1.03% | May 1, 2025 | April 30, 2026 | |||||
| LVIP Macquarie U.S. REIT Fund* | 0.83% | N/A | 1.13% | May 1, 2025 | April 30, 2026 | |||||
| LVIP Macquarie Wealth Builder Fund | 0.71% | N/A | 0.96% | May 1, 2025 | April 30, 2026 | |||||
| LVIP Multi-Manager Global Equity Managed Volatility Fund | 0.21% | N/A | 0.56% | May 1, 2025 | April 30, 2026 | |||||
| LVIP Multi-Manager International Equity Managed Volatility Fund | 0.185% | N/A | 0.435% | May 1, 2025 | April 30, 2026 | |||||
| LVIP PIMCO Low Duration Bond Fund | 0.50% | N/A | 0.75% | May 1, 2025 | April 30, 2026 | |||||
| LVIP SSGA Conservative Index Allocation Fund | 0.20% | N/A | 0.45% | May 1, 2025 | April 30, 2026 | |||||
| LVIP SSGA Emerging Markets Equity Index Fund | 0.50% | N/A | 0.75% | May 1, 2025 | April 30, 2026 | |||||
| LVIP SSGA International Managed Volatility Fund | 0.245% | N/A | 0.495% | May 1, 2025 | April 30, 2026 | |||||
| LVIP SSGA Large Cap Managed Volatility Fund | 0.245% | N/A | 0.495% | May 1, 2025 | April 30, 2026 | |||||
| * | May be amended only with Board approval. |
| 1 | Applies only to “Other Expenses” as such term is used in the Fund’s prospectus. |
| 2 | Effective upon the substitution of the Lincoln Hedged Nasdaq-100 Fund 2, Lincoln Hedged Nasdaq-100 Fund 3, and Lincoln Hedged Nasdaq-100 Fund 4 into the Lincoln Hedged Nasdaq-100 Fund (the “Fund”) on June 21, 2024, LFI agreed to limit the Fund’s prospectus Total Annual Fund Operating Expenses (After Fee Waiver/Expense Reimbursement) to 0.85% (for Standard class) and 1.20% (for Service class) until June 21, 2026. |
| 3 | Effective upon the substitution of the Lincoln Hedged S&P 500 Conservative Fund 2, Lincoln Hedged S&P 500 Conservative Fund 3, and Lincoln Hedged S&P 500 Conservative Fund 4 into the Lincoln Hedged S&P 500 Conservative Fund (the “Fund”) on June 21, 2024, LFI agreed to limit the Fund’s prospectus Total Annual Fund Operating Expenses (After Fee Waiver/Expense Reimbursement) to 0.69% (for Standard class) and 1.04% (for Service class) until June 21, 2026. |
| 4 | Effective upon the substitution of the Lincoln Hedged S&P 500 Fund 2, Lincoln Hedged S&P 500 Fund 3, and Lincoln Hedged S&P 500 Fund 4 into the Lincoln Hedged S&P 500 Fund (the “Fund”) on June 21, 2024, LFI agreed to limit the Fund’s prospectus Total Annual Fund Operating Expenses (After Fee Waiver/Expense Reimbursement) to 0.70% (for Standard class) and 1.05% (for Service class) until June 21, 2026. |
| LVIP FUND NAME |
STANDARD CLASS EXPENSE LIMIT |
STANDARD CLASS II EXPENSE LIMIT |
SERVICE CLASS EXPENSE LIMIT |
EFFECTIVE DATE |
TERMINATION DATE | |||||
| LVIP SSGA Nasdaq-100 Index Fund | 0.45% | N/A | 0.70% | May 1, 2025 | April 30, 2026 | |||||
| LVIP SSGA Short-Term Bond Index Fund | 0.3625% | N/A | 0.6125% | May 1, 2025 | April 30, 2026 | |||||
| LVIP SSGA SMID Cap Managed Volatility Fund | 0.245% | N/A | 0.495% | May 1, 2025 | April 30, 2026 | |||||
| LVIP Structured Moderate Allocation Fund | 0.21% | N/A | 0.46% | November 1, 2025 | October 31, 2027 | |||||
| LVIP T. Rowe Price 2020 Fund | 0.24% | N/A | 0.49% | May 1, 2025 | April 30, 2026 | |||||
| LVIP T. Rowe Price 2030 Fund | 0.25% | N/A | 0.50% | May 1, 2025 | April 30, 2026 | |||||
| * | May be amended only with Board approval. |
| 1 | Applies only to “Other Expenses” as such term is used in the Fund’s prospectus. |
| 2 | Effective upon the substitution of the Lincoln Hedged Nasdaq-100 Fund 2, Lincoln Hedged Nasdaq-100 Fund 3, and Lincoln Hedged Nasdaq-100 Fund 4 into the Lincoln Hedged Nasdaq-100 Fund (the “Fund”) on June 21, 2024, LFI agreed to limit the Fund’s prospectus Total Annual Fund Operating Expenses (After Fee Waiver/Expense Reimbursement) to 0.85% (for Standard class) and 1.20% (for Service class) until June 21, 2026. |
| 3 | Effective upon the substitution of the Lincoln Hedged S&P 500 Conservative Fund 2, Lincoln Hedged S&P 500 Conservative Fund 3, and Lincoln Hedged S&P 500 Conservative Fund 4 into the Lincoln Hedged S&P 500 Conservative Fund (the “Fund”) on June 21, 2024, LFI agreed to limit the Fund’s prospectus Total Annual Fund Operating Expenses (After Fee Waiver/Expense Reimbursement) to 0.69% (for Standard class) and 1.04% (for Service class) until June 21, 2026. |
| 4 | Effective upon the substitution of the Lincoln Hedged S&P 500 Fund 2, Lincoln Hedged S&P 500 Fund 3, and Lincoln Hedged S&P 500 Fund 4 into the Lincoln Hedged S&P 500 Fund (the “Fund”) on June 21, 2024, LFI agreed to limit the Fund’s prospectus Total Annual Fund Operating Expenses (After Fee Waiver/Expense Reimbursement) to 0.70% (for Standard class) and 1.05% (for Service class) until June 21, 2026. |
| LVIP FUND NAME |
STANDARD CLASS EXPENSE LIMIT |
STANDARD CLASS II EXPENSE LIMIT |
SERVICE CLASS EXPENSE LIMIT |
EFFECTIVE DATE |
TERMINATION DATE | |||||
| LVIP T. Rowe Price 2040 Fund | 0.26% | N/A | 0.51% | May 1, 2025 | April 30, 2026 | |||||
| LVIP T. Rowe Price 2050 Fund | 0.27% | N/A | 0.52% | May 1, 2025 | April 30, 2026 | |||||
| LVIP T. Rowe Price 2060 Fund | 0.27% | N/A | 0.52% | May 1, 2025 | April 30, 2026 | |||||
| LVIP U.S. Aggressive Growth Allocation Managed Risk Fund | 0.315% | N/A | 0.565% | May 1, 2025 | April 30, 2026 | |||||
| MASTER-FEEDER FUNDS |
||||||||
| LVIP American Global Small Capitalization Fund | 0.10%1 Service II Class |
N/A | May 1, 2025 | April 30, 2026 |
The parties hereto have caused this SCHEDULE A to be signed by their duly authorized officers as of October 1, 2025 and effective in accordance with the dates noted above.
| LINCOLN FINANCIAL INVESTMENTS | ||
| CORPORATION | ||
| By: |
/s/ Gordon Huellmantel | |
| Name: Gordon Huellmantel | ||
| Title: Senior Vice President | ||
| LINCOLN VARIABLE INSURANCE | ||
| PRODUCTS TRUST, on behalf of each of its Funds listed on Schedule A | ||
| By: |
/s/ James Hoffmayer | |
| Name: James Hoffmayer | ||
| Title: Vice President & Chief Accounting Officer | ||
| * | May be amended only with Board approval. |
| 1 | Applies only to “Other Expenses” as such term is used in the Fund’s prospectus. |