| High Yield Bond |
| High Yield Bond (SA 20) consists primarily of below-investment grade (junk) bonds. Below-investment grade bonds pay a higher rate of interest to the investor to compensate for the increased level of risk. |
| Investment Advisor |
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| The Lincoln National Life Insurance Company is the advisor for High Yield Bond. |
| Delaware Investment Advisors is the sub-advisor for High Yield Bond. At Delaware Investments, the tradition of sound investing dates back to 1929. Delaware Investments introduced its first mutual fund in 1938, and in later years was one of the first fund families to offer small-company stock funds, high-yield corporate bond funds and short-maturity government bond funds.
Any Macquarie Group entity or fund noted on this page is not an authorized deposit taking institution for the purposes of the Banking Act 1959
(Commonwealth of Australia) and that entity's obligations do not represent deposits or other liabilities of Macquarie Bank Limited ABN 46 008 583 542
(MBL). MBL does not guarantee or otherwise provide assurance in respect of the obligations of that entity, unless noted otherwise.
Delaware Investments refers to Delaware Management Holdings, Inc. (DMHI) and its subsidiaries. Macquarie Group refers to Macquarie Group Limited
(MGL) and its subsidiaries and affiliates worldwide.
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| Investment Approach |
| High Yield Bond's objective is total return and, as a secondary objective, high current income. The Fund invests in unrated bonds judged to be of comparable quality. The Fund may also invest in U.S. and foreign government securities and corporate bonds of foreign issuers.
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| Investment Option Statistics |
The Investment Option Statistics page and Disclosure Statement are available in a PDF format. You will need the Adobe® Acrobat® Reader® or other compatible software to view or print these documents. To view these documents, please click on the links below.
Investment Option Statistics and Disclosure Statement. Please view both.
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High yield bonds experience higher volatility and increased credit risk when compared to other fixed income investments.
This variable annuity contract has limitations and expense charges. For costs and complete details of the coverage, contact your Lincoln representative.
The group variable annuity contract is issued by The Lincoln National Life Insurance Company, Fort Wayne, IN on contract form #19476 7/94 and variations thereof. The Lincoln National Life Insurance Company does not do business in the state of New York, nor is it authorized to do so. For contracts sold in New York, contracts are issued by the Lincoln Life & Annuity Company of New York, Syracuse, NY on contract form #19476NY-A 7/04. The annuities are distributed by Lincoln Financial Distributors, Inc., a broker/dealer, Radnor, PA.
The Lincoln National Life Insurance Company and Lincoln Life & Annuity Company of New York are independently responsible for their own financial and contractual obligations.
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