New fund offers investors opportunities for long-term growth blending active and passive investment strategies

Lincoln Financial (NYSE: LNC) announced today the launch of LVIP American Funds Vanguard Active Passive Growth Fund, available exclusively within American Legacy® and Lincoln Investor Advantage® variable annuities. The new fund combines the strengths of two leading investment managers – Capital Group and Vanguard – to offer investors opportunities for diversified, long-term growth with a strategic blend of active and passive strategies through a Lincoln variable annuity.

This new fund launches as 73% of financial advisors agree or strongly agree that active and passive investments complement each other; 72% believe that, during volatile markets, active management can offer downside risk protection through tactical trading.¹

“Lincoln continues to enhance its variable annuity products to help financial professionals meet the needs of their clients. With market volatility top of mind, the actively managed portion of the hybrid fund helps make client portfolios more agile and resilient,” said Tim Seifert, SVP, Head of Retirement Solutions Distribution at Lincoln Financial. “Variable annuities can be a powerful tool for helping clients grow their future retirement income, and this new fund offers another innovative strategy to help investors reach their goals.”

The fund aims to limit downside risk and capture upside growth by seeking opportunities beyond index weighting. Capital Group’s active investing approach strives to capitalize on markets in constant motion to deliver above-average risk-adjusted results over the long term. As a passive complement, Vanguard’s index exchange-traded funds (ETFs) seek to provide broadly diversified market exposure at low cost. The strategic allocation of the fund is managed by Lincoln.

“Lincoln has brought together Capital Group and Vanguard to offer one powerful strategy for diversified growth through a Lincoln variable annuity,” said Ben Richer, SVP, Head of Funds Management and Chief Operating Officer, Lincoln Financial Investments. “Our dynamic approach to managing and monitoring the fund will allow us to position it for long-term success. We look forward to building on our decades-long relationships with both firms.”

Capital Group, home of American Funds, is one of the world’s largest and most experienced active mutual fund managers with $2.8T under management.² Vanguard, an indexing pioneer, is one of the world's leading investment management companies, offering a broad range of actively managed and index products.

Lincoln variable annuities offer a variety of investment options, features and benefits, for an additional cost, to help investors protect and grow their lifetime retirement income. For more information on Lincoln annuities, visit: https://www.lincolnfinancial.com/annuities

For more information on LVIP American Funds Vanguard Active Passive Growth Fund: https://visit.lfg.com/FMM-LAVAP-FLI001

All guarantees and benefits of the insurance policy are subject to the claims-paying ability of the issuing insurance company. They are not backed by the broker-dealer and/or insurance agency selling the policy, or any affiliates of those entities other than the issuing company affiliates, and none makes any representations or guarantees regarding the claims-paying ability of the issuer.

Investors are advised to consider the investment objectives, risks, and charges and expenses of the variable annuity and its underlying investment options carefully before investing. The applicable prospectuses for the variable annuity and its underlying investment options contain this and other important information. Please call 877-533-5630 for free prospectuses. Read them carefully before investing or sending money. Products and features are subject to state availability.

Lincoln variable annuities and American Legacy® variable annuities are issued by The Lincoln National Life Insurance Company, Fort Wayne, IN, and distributed by Lincoln Financial Distributors, Inc., a broker-dealer. The Lincoln National Life Insurance Company does not solicit business in the state of New York, nor is it authorized to do so.

Contracts sold in New York are issued by Lincoln Life & Annuity Company of New York, Syracuse, NY, and distributed by Lincoln Financial Distributors, Inc., a broker-dealer.

About Lincoln Financial

Lincoln Financial helps people confidently plan for their vision of a successful financial future. As of December 31, 2024, 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, 2025, the company had $312 billion in end-of-period account balances, net of reinsurance. Headquartered in Radnor, PA., Lincoln Financial is the marketing name for Lincoln National Corporation (NYSE: LNC) and its affiliates. Learn more at LincolnFinancial.com.

Sources

¹Cerulli Associates: U.S. Product Development 2024

²As of 12/31/24. Morningstar.

LCN-7954446-050925

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