# EDGAR Filing Document

**Accession Number:** 0001464867
**File Stem:** 0001193125-26-277207
**Filing Date:** 2026-6
**Character Count:** 13342
**Document Hash:** f9630d921641b68f381d4b3a9ecb947f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-277207.hdr.sgml**: 20260622

**ACCESSION NUMBER**: 0001193125-26-277207

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13D/A

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20260622

**DATE AS OF CHANGE**: 20260622

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Lincoln Bain Capital Total Credit Fund
- **CENTRAL INDEX KEY:** 0002054992

**ORGANIZATION NAME:**
- **EIN:** 000000000

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-95305
- **FILM NUMBER:** 261106195

**BUSINESS ADDRESS:**
- **STREET 1:** 1301 S. HARRISON STREET
- **CITY:** FORT WAYNE
- **STATE:** IN
- **ZIP:** 46802
- **BUSINESS PHONE:** (484) 583-6302

**MAIL ADDRESS:**
- **STREET 1:** 1301 S. HARRISON STREET
- **CITY:** FORT WAYNE
- **STATE:** IN
- **ZIP:** 46802
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Lincoln Financial Investments Corp
- **CENTRAL INDEX KEY:** 0001464867

**ORGANIZATION NAME:**
- **EIN:** 621230009
- **STATE OF INCORPORATION:** TN
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A

**BUSINESS ADDRESS:**
- **STREET 1:** 1300 SOUTH CLINTON STREET
- **CITY:** FORT WAYNE
- **STATE:** IN
- **ZIP:** 46802
- **BUSINESS PHONE:** 260-455-6918

**MAIL ADDRESS:**
- **STREET 1:** 1300 SOUTH CLINTON STREET
- **CITY:** FORT WAYNE
- **STATE:** IN
- **ZIP:** 46802

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Lincoln Investment Advisors Corp
- **DATE OF NAME CHANGE:** 20090526

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13D

### Under the Securities Exchange Act of 1934

**(Amendment No. 2)**

**Lincoln Bain Capital Total Credit Fund**

*(Name of Issuer)*

**Class I, Class A, Class D and Class IS shares of beneficial interest, no par value per share**

*(Title of Class of Securities)*

**—**

*(CUSIP Number)*

**Samuel K. Goldstein, Esq.**<br>150 N. Radnor Chester Road<br>Radnor PA 19087-5221<br>(484) 583-8711

*(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)*

**06/17/2026**

*(Date of Event Which Requires Filing of this Statement)*

| **CUSIP No.** | **—** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Lincoln National Corporation** | Name of reporting person<br>**Lincoln National Corporation** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**WC** | Source of funds (See Instructions)<br>**WC** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**INDIANA** | Citizenship or place of organization<br>**INDIANA** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**5273205.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**5273205.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**5273205.00** | Aggregate amount beneficially owned by each reporting person<br>**5273205.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**15.94%** | Percent of class represented by amount in Row (11)<br>**15.94%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**HC** | Type of Reporting Person (See Instructions)<br>**HC** | |

---

**Comment for Reporting Person:** EXPLANATORY NOTE

This Amendment No. 2 (this "Amendment") amends and supplements certain of the information included in the Schedule 13D relating to the Shares filed by the Reporting Persons with the Securities and Exchange Commission (the "SEC") on April 20, 2026 (the "Initial 13D" and as amended by this Amendment, this "Schedule 13D") as amended by Amendment No. 1, filed on May 18, 2026. Capitalized terms not otherwise defined herein have the meanings given to them in the Initial 13D. Except as otherwise provided herein, the information set forth in the Initial 13D remains unchanged.

Items 8, 10, 11, and 13: The Lincoln National Life Insurance Company, an Indiana corporation ("LNL"), directly owns the following shares of beneficial interests in the Issuer: 5,270,047.60 Class I shares of beneficial interests ("Class I Shares"), 1,050.74 Class A shares of beneficial interests ("Class A Shares"), 1,052.94 Class D shares of beneficial interests ("Class D Shares"), and 1,054.51 Class IS shares of beneficial interests ("Class IS Shares" and, together with the Class I Shares, Class A Shares and Class D Shares, the "Shares"). Based on information provided by the Issuer as of the date of this Schedule 13D filing, LNL owns 15.93% of the Class I Shares outstanding, 100% of the Class A Shares outstanding, 100% of the Class D Shares outstanding, and 100% of the Class IS Shares outstanding. LNL is a wholly owned subsidiary of its parent holding company, Lincoln National Corporation, an Indiana corporation ("LNC"), which may be deemed to be an indirect beneficial owner of the reported securities.

| **CUSIP No.** | **—** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**The Lincoln National Life Insurance Company** | Name of reporting person<br>**The Lincoln National Life Insurance Company** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**WC** | Source of funds (See Instructions)<br>**WC** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**INDIANA** | Citizenship or place of organization<br>**INDIANA** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**5273205.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**5273205.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**5273205.00** | Aggregate amount beneficially owned by each reporting person<br>**5273205.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**15.94%** | Percent of class represented by amount in Row (11)<br>**15.94%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IC** | Type of Reporting Person (See Instructions)<br>**IC** | |

---

**Comment for Reporting Person:** Items 8, 10, 11, and 13: LNL directly owns the following shares of beneficial interests in the Issuer: 5,270,047.60 Class I Shares, 1,050.74 Class A Shares, 1,052.94 Class D Shares and 1,054.51 Class IS Shares. Based on information provided by the Issuer as of the date of this Schedule 13D filing, LNL owns 15.93% of the Class I Shares outstanding, 100% of the Class A Shares outstanding, 100% of the Class D Shares outstanding, and 100% of the Class IS Shares outstanding. LNL is a wholly owned subsidiary of its parent holding company, LNC, which may be deemed to be an indirect beneficial owner of the reported securities.

| **CUSIP No.** | **—** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Lincoln Financial Investments Corporation** | Name of reporting person<br>**Lincoln Financial Investments Corporation** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**TENNESSEE** | Citizenship or place of organization<br>**TENNESSEE** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**22544866.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**22544866.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**22544866.00** | Aggregate amount beneficially owned by each reporting person<br>**22544866.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**68.14%** | Percent of class represented by amount in Row (11)<br>**68.14%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IA** | Type of Reporting Person (See Instructions)<br>**IA** | |

---

**Comment for Reporting Person:** Items 8, 10, and 11: These Class I Shares are owned directly by certain series of the Lincoln Variable Insurance Products Trust (the "Trust"), an investment company registered with the U.S. Securities and Exchange Commission under the Investment Company Act of 1940, as amended. Lincoln Financial Investments Corporation ("LFI" and together with LNL and LNC, the "Reporting Persons"), a registered investment adviser under the Investment Advisers Act of 1940, as amended, serves as the investment adviser to each such series of the Trust, and may be deemed to have beneficial ownership of the Class I Shares reported herein as being directly by each such series of the Trust.

Item 13: Percent of class calculated based on 33,084,962.00 Class I Shares outstanding as of the date of this Schedule 13D filing.

**Item 1. Security and Issuer**

**(a) Title of Class of Securities:**
Class I, Class A, Class D and Class IS shares of beneficial interest, no par value per share

**(b) Name of Issuer:**
Lincoln Bain Capital Total Credit Fund

**(c) Address of Issuer's Principal Executive Offices:**
1301 South Harrison Street, Fort Wayne, IN, 46802

**Item 5. Interest in Securities of the Issuer**

**(a)**
—

**(b)**
—

**(c)**
Item 5(c) of the Initial 13D is hereby amended and restated as follows:

The information set forth in Item 3 is incorporated herein by reference. Except as described in this Schedule 13D, none of the Reporting Persons nor, to the knowledge of the Reporting Persons, without independent verification, any of the persons listed on Schedule A, has effected any transaction in the Shares during the past 60 days.

**Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.**

The information included in Items 3, 4 and 5 of this Schedule 13D is incorporated by reference herein, as applicable.

### SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Lincoln National Corporation

**Signature:** /s/Gordon Huellmantel

**Name/Title:** Gordon Huellmantel

**Date:** 06/22/2026

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** The Lincoln National Life Insurance Company

**Signature:** /s/Gordon Huellmantel

**Name/Title:** Gordon Huellmantel

**Date:** 06/22/2026

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Lincoln Financial Investments Corporation

**Signature:** /s/Gordon Huellmantel

**Name/Title:** Gordon Huellmantel

**Date:** 06/22/2026