AuguStar Variable Account A has announced significant changes to its investment portfolios through three planned reorganizations. This decision, made by the Board of Directors of the AuguStar Variable Insurance Products Fund, Inc., is designed to enhance the value for contract holders by ensuring that the total annual operating expenses of the survivor portfolios will be the same or lower than those of the target portfolios.

The reorganizations are set to take effect on December 18, 2026, and will automatically transfer the assets of the target portfolios to their corresponding survivor portfolios. Contract holders with values allocated to the affected portfolios will be impacted by these changes, but they are not required to take any action unless they wish to reallocate their investments.

Background

AuguStar Variable Account A is an investment entity incorporated in Ohio, primarily involved in offering variable annuity contracts and variable life insurance policies. The company has a history of providing various investment options to its clients, which are now being updated to improve efficiency and cost-effectiveness.

What the Filing Says

The recent filing, dated November 3, 2026, indicates that "each reorganization is in the best interests of each portfolio involved in that reorganization." The Board has concluded that these changes will help maintain or lower the operating expenses for the portfolios affected.

Impact

The reorganizations will affect contract holders who have allocated values in the target portfolios. The filing suggests that the changes are intended to provide better investment options and potentially lower costs for these customers.

What's Next

As noted in the filing, the Fund may postpone or abandon the reorganizations under certain circumstances. However, no further actions are required from contract holders unless they wish to change their investment allocations.