Lincoln Financial Group and American Century Enhance Offerings in Variable Insurance Trusts Lineup

Lincoln Financial Group (NYSE: LNC) and American Century Investments announced today that they are strengthening their partnership by leveraging American Century’s investment expertise and Lincoln Financial’s platform to provide additional opportunities and an enhanced lineup to support investor needs.

On April 4, 2024, shareholders of the American Century Variable Portfolios funds approved the adoption of nine American Century Variable Portfolios by the Lincoln Variable Insurance Products (LVIP) Trust. The adoptions were successfully completed on April 26, 2024.

“Lincoln is capitalizing on the successes and investment capabilities of American Century to broaden distribution and diversification opportunities in our existing suite of products. The continued partnership will complement Lincoln’s offerings of leading insurance, retirement and variable annuity solutions,” said Ben Richer, Head of Funds Management, Lincoln Financial Group and Chief Operating Officer, Lincoln Financial Investments.

Lincoln currently manages an $84 billion LVIP Funds platform and more than 100 Variable Insurance Mutual Funds.

“We believe serving as the subadvisor on the LVIP Funds will benefit our clients, as demonstrated by many who have large assets with us and have moved to sub-advisory relationships. We’re excited about this expansion of our relationship with Lincoln Financial Group,” said Rick Luchinsky, Co-Head of Intermediary Distribution, American Century.

American Century will serve as the subadvisor for the acquired funds using its distinguished portfolio management expertise.

American Century VP Funds Targets	LVIP Acquiring Funds	AUM ($M)
American Century VP Value	LVIP American Century Value	$903
American Century VP MidCap Value	LVIP American Century MidCap Value	$664
American Century VP Inflation Protection	LVIP American Century Inflation Protection	$604
American Century VP Capital Appreciation	LVIP American Century Capital Appreciation	$461