AMENDMENT TO
SCHEDULE A
ADVISORY FEE WAIVER AGREEMENT
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 FUND |
EFFECTIVE DATE |
TERMINATION DATE | ||||
| Lincoln Nasdaq-100 Fund | 0.23% | First $50M | May 1, 2025 | April 30, 2026 | ||||
| 0.00% | Over $50M | |||||||
| Lincoln Hedged S&P 500 Conservative Fund | 0.12% | All Fund assets | May 1, 2025 | April 30, 2026 | ||||
| Lincoln Hedged S&P 500 Fund | 0.12% | All Fund assets | May 1, 2025 | April 30, 2026 | ||||
| LVIP AllianceBernstein Large Cap Growth Fund | 0.065% | All Fund assets | May 1, 2025 | April 30, 2026 | ||||
| LVIP American Balanced Allocation Fund | 0.04% | All Fund assets | May 1, 2025 | April 30, 2026 | ||||
| LVIP American Century Select Mid Cap Managed Volatility Fund | 0.030% | All Fund assets | May 1, 2025 | April 30, 2026 | ||||
| LVIP American Growth Allocation Fund | 0.035% | All Fund assets | May 1, 2025 | April 30, 2026 | ||||
| LVIP American Income Allocation Fund | 0.04% | All Fund assets | May 1, 2025 | April 30, 2026 | ||||
| LVIP American Preservation Fund | 0.07% | All Fund assets | May 1, 2025 | April 30, 2026 | ||||
| LVIP Baron Growth Opportunities Fund | 0.11% | Up to $250M | May 1, 2025 | April 30, 2026 | ||||
| 0.16% | $250M - $500M | |||||||
| 0.21% | $500M - $700M | |||||||
| 0.22% | $700M - $750M | |||||||
| 0.27% | Over $750M | |||||||
| LVIP BlackRock Dividend Value Managed Volatility Fund | 0.125% | First $750M Over | May 1, 2025 | August 30, 2027 | ||||
| 0.160% | $750M | |||||||
| LVIP BlackRock Equity Dividend Fund | 0.020% | All Fund assets | May 1, 2025 | April 30, 2026 | ||||
| LVIP BlackRock Global Allocation Managed Risk Fund* | 0.075% | All Fund assets | May 1, 2025 | April 30, 2026 | ||||
| LVIP BlackRock Global Growth ETF Allocation Managed Risk Fund | 0.005% | All Fund assets | May 1, 2025 | April 30, 2026 | ||||
| LVIP BlackRock Real Estate Fund | 0.02% | First $250M | May 1, 2025 | April 30, 2026 | ||||
| 0.01% | $250M - $750M | |||||||
| 0.00% | Over 750M | |||||||
| LVIP BlackRock U.S. Growth ETF Allocation Managed Risk Fund | 0.005% | All Fund assets | May 1, 2025 | April 30, 2026 | ||||
| LVIP FUND NAME |
ADVISORY FEE WAIVER |
AVG. DAILY NET ASSETS OF THE FUND |
EFFECTIVE DATE |
TERMINATION DATE | ||||
| LVIP Blended Large Cap Growth Managed Volatility Fund | 0.165% | First $100M | May 1, 2025 | April 30, 2026 | ||||
| 0.115% | Next $400M | |||||||
| 0.11% | Next $ 1.5B | |||||||
| 0.095% | Over $ 2B | |||||||
| LVIP Blended Mid Cap Managed Volatility Fund | 0.005% | All Fund assets | May 1, 2025 | April 30, 2026 | ||||
| LVIP ClearBridge Franklin Select Large Cap Managed Volatility Fund | 0.035% | All Fund assets | May 1, 2025 | April 30, 2026 | ||||
| LVIP Dimensional U.S. Core Equity 1 Fund | 0.01% | All Fund assets | May 1, 2025 | April 30, 2026 | ||||
| LVIP Dimensional U.S. Equity Managed Volatility Fund | 0.005% | All Fund assets | May 1, 2025 | April 30, 2026 | ||||
| LVIP Fidelity Institutional AM® Select Core Equity Managed Volatility Fund* | 0.625% | All Fund assets | May 1, 2025 | April 30, 2026 | ||||
| LVIP Fidelity Institutional AM® Total Bond Fund | 0.030% | All Fund assets | May 1, 2025 | April 30, 2026 | ||||
| LVIP Franklin Templeton Global Equity Managed Volatility Fund | 0.01% | All Fund assets | May 1, 2025 | April 30, 2026 | ||||
| LVIP Franklin Templeton Multi-Factor Emerging Markets Equity Fund | 0.065% | Up to $50M | May 1, 2025 | April 30, 2026 | ||||
| 0.025% | $50M - $100M | |||||||
| 0.005% | $100M - $500M | |||||||
| LVIP Franklin Templeton Multi-Factor International Equity Fund | 0.07% | Up to $50M | May 1, 2025 | April 30, 2026 | ||||
| 0.01% | $50M - $500M | |||||||
| LVIP Franklin Templeton Multi-Factor Large Cap Equity Fund | 0.08% | Up to $50M | May 1, 2025 | April 30, 2026 | ||||
| 0.015% | $50M - $500M | |||||||
| LVIP Franklin Templeton Multi-Factor SMID Cap Equity Fund | 0.065% | Up to $50M | May 1, 2025 | April 30, 2026 | ||||
| LVIP Global Aggressive Growth Allocation Managed Risk Fund | 0.005% | All Fund assets | May 1, 2025 | April 30, 2026 | ||||
| LVIP Global Conservative Allocation Managed Risk Fund | 0.01% | All Fund assets | May 1, 2025 | April 30, 2026 | ||||
| LVIP Global Growth Allocation Managed Risk Fund | 0.01% | All Fund assets | May 1, 2025 | April 30, 2026 | ||||
| LVIP FUND NAME |
ADVISORY FEE WAIVER |
AVG. DAILY NET ASSETS OF THE FUND |
EFFECTIVE DATE |
TERMINATION DATE | ||||
| LVIP Global Moderate Allocation Managed Risk Fund | 0.015% | All Fund assets | May 1, 2025 | April 30, 2026 | ||||
| LVIP Government Money Market Fund | 0.00% | First $500M | May 1, 2025 | April 30, 2026 | ||||
| 0.01% | Next $500M | |||||||
| 0.02% | Over $1B | |||||||
| LVIP JPMorgan High Yield Fund | 0.00% | First $150M | May 1, 2025 | April 30, 2026 | ||||
| 0.05% | Over $150M | |||||||
| LVIP JPMorgan Retirement Income Fund | 0.45% | All Fund assets | May 1, 2025 | April 30, 2026 | ||||
| LVIP JPMorgan Select Mid Cap Managed Volatility Fund | 0.015% | All Fund assets | May 1, 2025 | April 30, 2026 | ||||
| LVIP JPMorgan Short Duration Bond Fund | 0.06% | All Fund assets | May 1, 2025 | April 30, 2026 | ||||
| LVIP MFS International Growth Fund | 0.11% | First $400M | May 1, 2025 | April 30, 2026 | ||||
| 0.10% | Over $400M | |||||||
| LVIP MFS Value Fund | 0.04% | All fund assets | May 1, 2025 | April 30, 2026 | ||||
| LVIP Macquarie Diversified Floating Rate Fund | 0.03% | First $2B | May 1, 2025 | April 30, 2026 | ||||
| 0.05% | Over $2B | |||||||
| LVIP Mondrian Global Income Fund | 0.1025% | First $350M | May 1, 2025 | April 30, 2026 | ||||
| 0.1125% | $350M to $525M | |||||||
| 0.1225% | $525M to $700M | |||||||
| 0.1375% | Over $700M | |||||||
| LVIP Mondrian International Value Fund | 0.015% | First $1B | May 1, 2025 | April 30, 2026 | ||||
| 0.010% | Over $1B | |||||||
| LVIP Multi-Manager International Equity Managed Volatility Fund * | 0.665% | All Fund assets | May 1, 2025 | April 30, 2026 | ||||
| LVIP PIMCO Low Duration Bond Fund | 0.050% | First $500M | May 1, 2025 | April 30, 2026 | ||||
| 0.075% | Over $500M | |||||||
| LVIP SSGA Bond Index Fund | 0.08% | First $500M | May 1, 2025 | April 30, 2026 | ||||
| 0.122% | Next $1.5B | |||||||
| 0.152% | Next $500M | |||||||
| 0.157% | Next $2.5B | |||||||
| 0.162% | Over $5.0B | |||||||
| LVIP FUND NAME |
ADVISORY FEE WAIVER |
AVG. DAILY NET ASSETS OF THE FUND |
EFFECTIVE DATE |
TERMINATION DATE | ||||
| LVIP SSGA Global Tactical Allocation Managed Volatility Fund | 0.10% | All Fund assets | May 1, 2025 | April 30, 2026 | ||||
| LVIP SSGA International Index Fund | 0.097% | Up to $1B | May 1, 2025 | April 30, 2026 | ||||
| 0.145% | Over $1B | |||||||
| LVIP SSGA International Managed Volatility Fund | 0.005% | All Fund assets | May 1, 2025 | April 30, 2026 | ||||
| LVIP SSGA Large Cap Managed Volatility Fund | 0.005% | All Fund assets | May 1, 2025 | April 30, 2026 | ||||
| LVIP SSGA Mid Cap Index Fund | 0.005% | Up to $1.5B | May 1, 2025 | April 30, 2026 | ||||
| 0.010% | Over $1.5B | |||||||
| LVIP SSGA S&P 500 Index Fund | 0.002% | Up to $1B | May 1, 2025 | April 30, 2026 | ||||
| LVIP SSGA Small-Cap Index Fund | 0.005% | Up to $500M | May 1, 2025 | April 30, 2026 | ||||
| 0.010% | Next $1B | |||||||
| 0.015% | Over $1.5B | |||||||
| LVIP SSGA SMID Cap Managed Volatility Fund | 0.005% | All Fund assets | May 1, 2025 | April 30, 2026 | ||||
| LVIP T. Rowe Price Structured Mid-Cap Growth Fund | 0.05% | Over $750M | May 1, 2025 | April 30, 2026 | ||||
| LVIP U.S. Aggressive Growth Allocation Managed Risk Fund | 0.015% | All Fund assets | May 1, 2025 | April 30, 2026 | ||||
| LVIP U.S. Growth Allocation Managed Risk Fund | 0.01% | All Fund assets | May 1, 2025 | April 30, 2026 | ||||
| LVIP Vanguard Domestic Equity ETF Fund | 0.05% | All Fund assets | May 1, 2025 | April 30, 2026 | ||||
| LVIP Vanguard International Equity ETF Fund | 0.05% | All Fund assets | May 1, 2025 | April 30, 2026 | ||||
| LVIP Wellington SMID Cap Value Fund | 0.115% | First $100M | May 1, 2025 | April 30, 2026 | ||||
| 0.075% | Over $100M | |||||||
| * | The Waiver Amount shall renew automatically for one-year terms unless the Trust and LFI mutually agree to the termination at least 10 days prior to the end of the then current term. |
The parties hereto have caused this Amendment to be signed by their duly authorized officers as of June 18, 2025, 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/ Benjamin A. Richer | By: /s/ James Hoffmayer | |||
| Name: Benjamin A. Richer | Name: James Hoffmayer | |||
| Title: Senior Vice President | Title: Vice President & Chief Accounting Officer | |||