J.P. Morgan and Lincoln Financial Merge Insurance Trust Funds

Lincoln Financial Group

RADNOR, PA — J.P. Morgan Asset Management and Lincoln Financial Group recently announced that they have strengthened their partnership to have J.P. Morgan’s investment capabilities as part of Lincoln Financial Group’s platform, further enhancing Lincoln’s broad offerings of leading insurance, retirement and variable annuity solutions.

Under this initiative, shareholders of four JPMorgan Insurance Trust Portfolios (JPM VITs) will be asked to approve a proposal to merge the JPM VITs into four corresponding, newly formed series of Lincoln Financial Variable Insurance Products Trust (LVIP Acquiring Funds). The JPM VITs represent four of J.P. Morgan’s flagship investment strategies across equities and fixed income asset classes.

JPM VITs

LVIP Acquiring Funds

JPMorgan Insurance Trust Core Bond Portfolio

LVIP JPMorgan Core Bond Fund

JPMorgan Insurance Trust Mid Cap Value Portfolio

LVIP JPMorgan Mid Cap Value Fund

JPMorgan Insurance Trust Small Cap Core Portfolio

LVIP JPMorgan Small Cap Core Fund 

JPMorgan Insurance Trust U.S. Equity Portfolio

LVIP JPMorgan U.S. Equity Fund

Pending shareholder approval of the merger, J.P. Morgan1 will serve as the subadvisor for each LVIP Acquiring Fund and will continue to manage the LVIP Acquiring Funds using its world-class portfolio management teams and investment processes. Lincoln Investment Advisors Corporation (LIAC) will be retained as the investment adviser to each LVIP Acquiring Fund.

“As a leading provider of life, annuity and retirement solutions with a $90 billion funds platform, we are thrilled to have these capabilities as part of our subadvised lineup, further enhancing how we address core investor needs,” said Ben Richer, Head of Funds Management, Lincoln Financial Group. “The combination of our scale, resources and investment platform design with J.P. Morgan’s portfolio management capabilities will deliver a best-in-class offering for our clients.”

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J.P. Morgan’s subadvisory business oversees $75 billion in assets under management across variable annuity and mutual fund products and is a top five variable annuity subadvisor in the industry.

“This partnership underscores our complete focus on subadvisory relationships, the investment strategies that underpin them and supporting our clients’ own growth strategies,” said Eric Wilson, Head of Subadvisory for J.P. Morgan Asset Management. “We have a significant subadvisory relationship with Lincoln Financial and look forward to deepening this partnership and most importantly, delivering investment returns.”

The transaction is expected to take place in May 2023.

1 J.P. Morgan Investment Management Inc.  currently serves as the investment adviser to the JPM VITs

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