December 15, 2025 Reinsurance

Lincoln Financial Introduces First Capital Group ETF Strategy for Fixed Indexed Annuities

Business Wire

New Capital Group Dividend Value ETF benchmark, only available with Lincoln OptiBlend^® fixed indexed annuities

RADNOR, Pa.--(BUSINESS WIRE)--
Lincoln Financial (NYSE: LNC) today introduced the first Capital Group ETF indexed account option for fixed indexed annuities (FIA) with the launch of the 1 Year Capital Group Dividend Value (CGDV) ETF Participation account. Lincoln OptiBlend^® is the only FIA in the market to offer an account that tracks the performance of CGDV, giving investors access to active management and diversified equity exposure combined with 100% downside protection.

With an experienced management team, CGDV seeks to deliver consistent returns by focusing on larger established U.S. companies that pay dividends or have the potential to pay dividends. With a current Medalist Gold rating from Morningstar¹, CGDV has outpaced the performance of the S&P 500 and 99% of other ETFs in the Large Value category since inception². CGDV is the largest Capital Group active ETF with over $19 billion in assets under management (AUM)³.

“Investors today want solutions that combine growth potential with protection, and this new participation account helps meet those needs,” said Stephen Turer, president of Annuity Solutions at Lincoln Financial. “By pairing Capital Group’s active management expertise with a Lincoln FIA, investors have the unique opportunity to seek outperformance while maintaining 100% downside protection – helping them feel confident about their financial future. We’re excited to bring a Capital Group ETF indexed account to Lincoln FIAs and build upon the success of our decades-long partnership in our variable annuity and RILA products.”

Capital Group, home of American Funds, is the fastest organically grown suite of active ETFs in the market⁴and was named etf.com 2025 ETF Issuer of the Year⁵.With $3 trillion in AUM⁶, Capital Group is one of the most trusted asset manager brands among financial professionals⁷.

“Lincoln and Capital Group have fostered a strong and collaborative partnership focused on improving investor outcomes since 1987,” said Jason A. Uberti, senior manager of Insurance Product Management at Capital Group. “We are proud to continue evolving together and delivering innovative solutions that address investor needs. The addition of crediting strategies that track the return of CGDV to Lincoln’s FIA is a natural step in our evolution by providing access to our actively managed investment expertise in a market traditionally characterized by passive index strategies.”

View the flyer to learn more about the 1 Year Capital Group Dividend Value ETF Participation account.

Lincoln Financial and Capital Group are not affiliates.

Lincoln OptiBlend^® fixed indexed annuities (contract form ICC1515-619 and state variations) 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. Contractual obligations are subject to the claims-paying ability of The Lincoln National Life Insurance Company.

An annuity with an indexed account that tracks the performance of an actively managed ETF does not offer direct investment in the ETF. Instead, it credits indexed interest based on a crediting strategy and the returns of the ETF. Dividends from the ETF or its underlying stocks do not contribute to indexed interest. Indexed interest is determined by the indexed crediting and is not guaranteed to match the performance of the ETF.

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 September 30, 2025, the company had $347 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

¹Morningstar Medalist Rating™ is as of April 25, 2025. The Analyst-Driven/Data Coverage percentages for CGDV is as follows: 100%/100%. Analyst Driven % displays the percentage of analyst input into the overall rating assignment, including direct analyst coverage and inheritance of an analyst-rated pillar. Data Coverage % displays the percentage of available input data for rating calculation at the Pillar level. Capital Group did not compensate Morningstar for the ratings and comments contained in this material. However, the firm has paid Morningstar a licensing fee to access and publish its ratings data.

The Morningstar Medalist Rating is a forward-looking assessment assigned by Morningstar’s research analysts. It reflects their qualitative evaluation of an investment strategy’s potential to outpace its category benchmark over a full market cycle on a risk-adjusted basis and net of fees. Morningstar bases its ratings on three key pillars — People, Parent and Process — alongside a fee assessment. The Medalist Rating does not reference a specific time period but is based on qualitative and select quantitative data as of [Medalist rating date], respectively.

² Morningstar, as of November 30, 2025. ETF inception date: 2/22/22. Past performance is not indicative of nor does it guarantee future performance.

³ Capital Group, as of 11/17/25.

⁴Morningstar Direct. U.S. ETFs as of May 31, 2025.

⁵ ETF.com. Award winners are selected from public nominations of U.S.-listed ETFs, including self-nominations, made from December 2, 2024, to January 10, 2025. The etf.com Awards Nominating Committee screens nominations for eligibility, produces final slates for categories with more than five entries and force-ranks nominations, using votes to resolve ties. Winners are selected by March 1, 2025, by a group of independent ETF experts. Judges will recuse themselves from voting in any category in which they or their firms appear as finalists.

Capital Group was named the 2025 ETF Issuer of the Year. ETF.com recognized our comprehensive suite of 22 active equity, fixed income and multi-asset ETFs for the core of portfolios. Learn more about the awards’ methodology at https://www.etf.com/awards-2025 and on page 15.

⁶As of 6/30/2025.

⁷ Escalent, Cogent Syndicated, Advisor Brandscape®, October 2025. Capital Group, home of American Funds, was one of the asset managers selected most often as a trusted brand by financial professionals.

LCN-8626182-112125