Lincoln Financial and American Century® Enhance Offerings in Variable Insurance Trusts Lineup
Nine American Century Variable Portfolio funds join the Lincoln Variable Insurance Products (LVIP) Trust.
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 $84 billion LVIP Funds platform and more than 100 Variable Insurance Mutual Funds.
"We believe serving as the sub-advisor on the LVIP Funds will benefit our clients, as demonstrated by many who have large assets with us and have moved to sub-advisory relationships. We're excited about this expansion of our relationship with Lincoln Financial Group," said Rick Luchinsky, Co-Head of Intermediary Distribution, American Century.
American Century will serve as the subadvisor for the acquiring funds using its distinguished portfolio management expertise.
American Century® VP Funds Targets | LVIP Acquiring Funds | AUM ($M) |
|---|---|---|
American Century® VP Value | LVIP American Century® Value | $903 |
American Century® VP Mid Cap Value | LVIP American Century® Mid Cap Value | $664 |
American Century® VP Inflation Protection | LVIP American Century® Inflation Protection | $604 |
American Century® VP Capital Appreciation | LVIP American Century® Capital Appreciation | $461 |
American Century® VP Balanced | LVIP American Century® Balanced | $346 |
American Century® VP Disciplined Core Value | LVIP American Century® Disciplined Core Value | $331 |
American Century® VP Ultra® | LVIP American Century® Ultra® | $289 |
American Century® VP International | LVIP American Century® International | $177 |
American Century® VP Large Company Value | LVIP American Century® Large Company Value | $146 |
$3,921M |
About Lincoln Financial Group
Lincoln Financial Group helps people to plan, protect and retire with confidence. As of December 31, 2023, approximately 17 million customers trust our guidance and solutions across four core businesses – annuities, life insurance, group protection, and retirement plan services. As of March 31, 2024, the company had $310 billion in end-of-period account balances, net of reinsurance. Headquartered in Radnor, Pa., Lincoln Financial Group is the marketing name for Lincoln National Corporation (NYSE: LNC) and its affiliates. Learn more at LincolnFinancial.com.
About American Century Investments
Who We Are
American Century Investments is a leading global asset manager focused on delivering investment results and building long-term client relationships while supporting breakthrough medical research.
Quick Facts
Founded in 1958, American Century Investments' 1,400 employees serve financial professionals, institutions, corporations and individual investors from offices in Kansas City, Missouri; New York; Los Angeles; Santa Clara, California; Portland, Oregon; London; Frankfurt, Germany; Hong Kong; and Sydney.
Management
Jonathan S. Thomas is president and chief executive officer, and Victor Zhang serves as chief investment officer.
Giving Back
Delivering investment results to clients enables American Century Investments to distribute over 40% of its dividends to the Stowers Institute for Medical Research, a 500-person, nonprofit basic biomedical research organization. The Institute owns more than 40% of American Century Investments and has received dividend payments of more than $2 billion since 2000.
Contacts:
Tina Madon
1-800-237-2920
Lincoln Investor Relations
InvestorRelations@LFG.com
Sarah Boxler
(215) 495-8439
Lincoln Media Relations
Sarah.Boxler@LFG.com
Laura Kouri
(816) 340-4710
American Century Media Relations
Laura_kouri@americancentury.com
You should consider the fund's investment objectives, risks, charges and expenses carefully before you invest. Each fund's prospectus or summary prospectus, which can be obtained by visiting americancentury.com, contains this and other information about the fund, and should be read carefully before investing. Investments are subject to market risk.
American Century Investment Services, Inc., Distributor
©2024 American Century Proprietary Holdings, Inc. All rights reserved.