AuguStar Variable Account R has made a strategic decision to reorganize several of its investment portfolios. This move comes as part of an effort to enhance efficiency and potentially reduce operating expenses for contract owners. The reorganizations will affect portfolios within AuguStar's variable annuity contracts and variable life insurance policies.

The changes are significant as they represent a proactive approach by the company to ensure that its offerings remain competitive and beneficial for its clients. The Board of Directors for the AuguStar Variable Insurance Products Fund, Inc. has approved three reorganizations, each aimed at improving the overall performance and management of the portfolios involved.

Background

AuguStar Variable Account R is an investment entity based in Cincinnati, Ohio. The company operates under the Central Index Key (CIK) 0000770291 and is primarily involved in variable insurance products. Its recent filings include multiple submissions of Form 497, indicating ongoing updates and adjustments to its investment strategies.

What the Filing Says

The recent filing, dated November 3, 2026, states, "the Board concluded that each reorganization is in the best interests of each portfolio involved in that reorganization." The filing also notes that the total annual operating expenses of the survivor portfolio are expected to be the same or lower than those of the target portfolio.

Impact

This reorganization may significantly affect contract owners who have allocated funds to the target portfolios listed in the filing. As of December 18, 2026, assets from the target portfolios will be transferred to their corresponding survivor portfolios, ensuring that contract values are maintained and potentially optimized for better performance.

What's Next

The filing does not specify what happens next beyond the planned asset transfers. However, an information statement and prospectus detailing the reorganizations will be available on or about November 20, 2026, for those interested in further details.