Fund Evaluator:

Lincoln U.S. Equity Income Maximizer A Overview

Lincoln U.S. Equity Income Maximizer A (LFTOX) is an actively managed Nontraditional Equity Derivative Income fund. Lincoln Financial Group launched the fund in 2024.

The investment seeks a high level of current income with long-term growth of capital. The fund, under normal circumstances, invests at least 80% of its net assets in equity and equity related securities of U.S. companies. Its portfolio seeks to be broadly diversified by company and industry. The fund may use futures contracts, options, swaps, and other derivatives as tools in the management of portfolio assets. The fund is non-diversified.

About Lincoln U.S. Equity Income Maximizer A (LFTOX)

There are 4 members of the management team with an average tenure of 1.75 years: Jeegar Jagani (2024), Scott Thomson (2024), Ghokhulan Manickavasagar (2024), Kaarthi Chandrasegaram (2024). Management tenure is more important for actively managed funds than passive index funds.

Lincoln U.S. Equity Income Maximizer A has 86 securities in its portfolio. The top 10 holdings constitute 43.2% of the fund’s assets. The fund meets the SEC requirement of being classified as a nondiversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

Lincoln U.S. Equity Income Maximizer A is part of the Equity global asset class and is within the Nontraditional Equity fund group. Lincoln U.S. Equity Income Maximizer A has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 100.0%. There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Lincoln U.S. Equity Income Maximizer A has 0.0% of the portfolio in cash.

Assets Under Management

The fund has $9 million in total assets, which is below the $233 million average for the Derivative Income category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

LFTOX Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Lincoln U.S. Equity Income Maximizer A expense ratio is high compared to funds in the Derivative Income category. Lincoln U.S. Equity Income Maximizer A has an expense ratio of 1.32%, which is 18% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. Lincoln U.S. Equity Income Maximizer A has a portfolio turnover rate of 18%, indicating that holds its assets around 0.1 years. By way of comparison, the average portfolio turnover is 115% for the Derivative Income category.

Recently, in the month of June 2026, Lincoln U.S. Equity Income Maximizer A returned -1.5%, which earned it a grade of F, as the Derivative Income category had an average return of 0.1%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.

Lincoln U.S. Equity Income Maximizer A has a trailing yield of 0.00%, which is below the 4.51% category average. The fund normally distributes its income semi-annually and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

Lincoln U.S. Equity Income Maximizer A Grades

Year to date, the fund has returned 7.5%, 1.3 percentage points better than the category, which translates into a grade of C. The fund has returned 19.7% over the past year (grade of B).

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