AuguStar Variable Account R has announced significant changes to its investment structure, revealing plans for three reorganizations of its variable annuity and life insurance portfolios. This decision, approved by the Board of Directors of the AuguStar Variable Insurance Products Fund, Inc., is expected to enhance operational efficiency and potentially lower costs for investors.

The reorganizations will involve the transfer of assets from target portfolios to corresponding survivor portfolios, with the changes set to take effect on or about December 18, 2026. The Board concluded that these adjustments are in the best interests of the portfolios involved, as the total annual operating expenses of the survivor portfolios will be the same or lower than those of the target portfolios.

Background

AuguStar Variable Account R is an investment entity based in Cincinnati, Ohio, incorporated under the laws of the state. The company primarily focuses on variable insurance products, including annuities and life insurance policies. Recent filings show that the company has been active in updating its offerings, with multiple submissions made in the past few months, including this latest filing dated November 3, 2026.

What the Filing Says

The filing states, "After considering a number of factors, the Board concluded that each reorganization is in the best interests of each portfolio involved in that reorganization." It also notes that the changes will occur automatically, with no action required from contract owners unless they wish to reallocate their investments.

Impact

The changes may affect contract owners who have allocated funds to the target portfolios identified in the filing. As the assets transition to the survivor portfolios, investors will benefit from potentially lower operating expenses, which could enhance their investment returns over time.

What's Next

Further details regarding the reorganization will be available in an Information Statement/Prospectus, which is expected to be released around November 20, 2026. This document will provide comprehensive insights into the changes and their implications for investors.