AuguStar Variable Account B has officially announced three reorganizations of its investment portfolios. This decision, made by the Board of Directors of the AuguStar Variable Insurance Products Fund, Inc., aims to enhance operational efficiency and potentially lower costs for investors. The reorganizations are set to take effect on December 18, 2026, and will impact policyholders who have allocated funds in the affected portfolios.

The reorganizations are designed to ensure that the total annual operating expenses of the survivor portfolios will be the same or lower than those of the target portfolios. This strategic move reflects a growing trend in the investment industry, where firms are increasingly looking to streamline operations and provide better value to their clients.

Background

AuguStar Variable Account B is an investment entity incorporated in Ohio, with a focus on variable annuities and life insurance products. The company is part of AuguStar Life Insurance Company, which operates under the Central Index Key (CIK) number 0000073982. The firm has a history of filing various forms with the SEC, including recent filings on November 3, 2026, which detail the current changes.

What the Filing Says

The filing states, "The Board concluded that each reorganization is in the best interests of each portfolio involved in that reorganization." It further explains that the assets of each target portfolio will be transferred to its corresponding survivor portfolio, ensuring that policyholders' investments remain aligned with their objectives.

Impact

This announcement affects policyholders who have allocated their contract value to one or more of the target portfolios listed in the filing. The reorganizations will occur automatically, and policyholders will not need to take any action unless they wish to reallocate their investments. Additionally, the filing indicates that there will be no sales charges, redemption fees, or other transaction fees resulting from these reorganizations.

What's Next

The filing does not say what happens next, but it does indicate that an Information Statement/Prospectus describing the reorganizations will be available on or about November 20, 2026. Policyholders are encouraged to review this information to understand how the changes may affect their investments.