AuguStar Variable Account D has announced significant changes to its investment strategy through a series of reorganizations involving its variable annuity and life insurance portfolios. This decision, approved by the Board of Directors of the AuguStar Variable Insurance Products Fund, Inc., is designed to enhance operational efficiency and potentially reduce costs for policyholders.

The reorganizations will affect customers with investments in specific target portfolios, which will be transitioned to corresponding survivor portfolios. The Board concluded that these changes are in the best interests of the portfolios involved, as the total annual operating expenses of the survivor portfolios are expected to be the same or lower than those of the target portfolios.

Background

AuguStar Variable Account D is part of the investment sector, focusing on providing variable annuity and life insurance products. The company is based in Cincinnati, Ohio, and has a history of adapting its offerings to meet market demands. Recent filings indicate ongoing efforts to update its product offerings and align with industry standards.

What the Filing Says

The recent SEC filing dated November 3, 2026, outlines the details of the reorganizations. It states, "The Board concluded that each reorganization is in the best interests of each portfolio involved in that reorganization." Additionally, it mentions that assets from the target portfolios will be transferred to the survivor portfolios, effective as of December 18, 2026.

Impact

This reorganization may affect numerous policyholders who have allocated their contract values to the impacted portfolios. The changes are intended to streamline operations and improve the overall efficiency of the investment offerings. Customers will automatically have their investments transitioned to the new portfolios, and they will have the option to make one transfer of contract value without charge during a specified period.

What's Next

Following these reorganizations, an Information Statement/Prospectus detailing the changes will be available around November 20, 2026. This document will provide further insights into the objectives, strategies, and fee structures associated with both the target and survivor portfolios.