Lincoln National Corporation bonds LNC
Who owns Lincoln National Corporation's debt and what their own filings say it is worth. Bond prices and yields are fund-reported marks (SEC Form N-PORT) as of Jul 2026; they lag the market by about two months. LNC stock page.
Every bond funds hold
Each bond's latest fund-reported mark. Price per 100 of face value; yield to maturity from price, coupon and maturity; spread over the matched-maturity Treasury for US-dollar bonds.
| Bond | Coupon | Maturity | Ccy | Price | Yield | Spread | Funds | Held | As of |
|---|---|---|---|---|---|---|---|---|---|
| 534187BF5 | 3.625% fixed | 2026-12-12 | USD | 99.67 | 4.54% | 76 bp | 2 | $9.2M | Jul 2026 |
| 534187BR9 | 9.25% fixed | 2027-12-01 | USD | 104.56 | 5.65% | 154 bp | 14 | $27.6M | Jul 2026 |
| 534187BH1 | 3.8% fixed | 2028-03-01 | USD | 98.59 | 4.73% | 58 bp | 11 | $10.9M | Jul 2026 |
| 53359KAB7 | 4.625% fixed | 2028-05-28 | USD | 99.71 | 4.79% | 60 bp | 10 | $15.3M | Jul 2026 |
| 53359KAD3 | 4.2% fixed | 2029-01-12 | USD | 98.20 | 4.99% | 75 bp | 10 | $19.9M | Jul 2026 |
| 534187BJ7 | 3.05% fixed | 2030-01-15 | USD | 93.82 | 5.02% | 74 bp | 12 | $15.4M | Jul 2026 |
| 534187BY4 | 2.33% fixed | 2030-08-15 | USD | 89.98 | 5.11% | 81 bp | 7 | $3.7M | Jul 2026 |
| 534187BK4 | 3.4% fixed | 2031-01-15 | USD | 93.13 | 5.14% | 83 bp | 16 | $20.5M | Jul 2026 |
| 534187BQ1 | 3.4% fixed | 2032-03-01 | USD | 90.51 | 5.39% | 102 bp | 11 | $30.6M | Jul 2026 |
| 534187BT5 | 5.852% fixed | 2034-03-15 | USD | 100.51 | 5.77% | 128 bp | 15 | $17.7M | Jul 2026 |
| 534187BZ1 | 5.35% fixed | 2035-11-15 | USD | 96.54 | 5.84% | 127 bp | 12 | $7.8M | Jul 2026 |
| 534187AR0 | 6.15% fixed | 2036-04-07 | USD | 100.42 | 6.09% | 150 bp | 3 | $544K | Jul 2026 |
| 534187AW9 | 6.3% fixed | 2037-10-09 | USD | 102.82 | 5.95% | 129 bp | 12 | $13.9M | Jul 2026 |
| 534187BA6 | 7% fixed | 2040-06-15 | USD | 106.80 | 6.26% | 146 bp | 15 | $26.9M | Jul 2026 |
| 534187BG3 | 4.35% fixed | 2048-03-01 | USD | 74.13 | 6.62% | 151 bp | 3 | $274K | Jul 2026 |
| 08079KAA2 | 6.792% fixed | 2055-05-15 | USD | 99.31 | 6.85% | 174 bp | 9 | $5.5M | Jul 2026 |
| 534187CA5 | 6.8% fixed | 2056-07-15 | USD | 98.87 | 6.89% | 179 bp | 21 | $42.1M | Jul 2026 |
| 534187AS8 | 6.268% floating | 2066-05-17 | USD | 78.01 | — | — | 1 | $892K | May 2026 |
| 534187BN8 | 6.268% floating | 2066-05-17 | USD | 86.75 | — | — | 6 | $10.0M | Jul 2026 |
| 534187BP3 | 6.031% floating | 2067-04-20 | USD | 82.71 | — | — | 2 | $2.4M | Jul 2026 |
Spread history
Median spread of the US-dollar bonds over Treasuries, month-ends with complete filings. Fund-reported.
Price history
Median fund-marked price across the bonds, per 100 of face value.
By month
Funds file on staggered quarter-ends, so each month-end is marked by the funds that reported for it; the amount held moves with which funds filed, not only with buying and selling.
| Month-end | Bonds | Held | Median price | USD yield | USD spread | Most funds on one bond |
|---|---|---|---|---|---|---|
| Jul 2026 | 19 | $280.1M | 98.59 | 5.71% | 127 bp | 21 |
| Jun 2026 | 18 | $612.4M | 98.61 | 5.26% | 104 bp | 32 |
| May 2026 | 18 | $352.2M | 98.19 | 5.18% | 98 bp | 20 |
| Apr 2026 | 18 | $249.5M | 98.78 | 5.32% | 136 bp | 16 |
| Mar 2026 | 18 | $552.1M | 98.09 | 5.26% | 132 bp | 34 |
| Feb 2026 | 18 | $388.0M | 98.37 | 5.03% | 124 bp | 23 |
| Jan 2026 | 18 | $236.2M | 99.78 | 4.97% | 111 bp | 17 |
| Dec 2025 | 16 | $547.6M | 99.57 | 5.09% | 108 bp | 30 |
| Nov 2025 | 17 | $312.7M | 99.36 | 4.90% | 102 bp | 19 |
| Oct 2025 | 16 | $205.9M | 99.22 | 4.95% | 108 bp | 16 |
| Sep 2025 | 15 | $546.0M | 98.90 | 4.76% | 96 bp | 38 |
| Aug 2025 | 16 | $367.7M | 96.98 | 4.96% | 102 bp | 19 |
| Jul 2025 | 16 | $212.2M | 98.33 | 5.16% | 105 bp | 17 |
Who holds the debt
Fund series in their latest quarterly N-PORT report, largest first, with the change in face value against each fund's own previous report. Names as reported in the filings. 85 added, 47 cut, 38 new holders and 32 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| Baird Aggregate Bond Fund Baird Funds Inc | 2026-06-30 | $73.8M | $70.3M | $0 |
| Baird Core Plus Bond Fund Baird Funds Inc | 2026-06-30 | $64.3M | $61.0M | $0 |
| Guggenheim Total Return Bond Fund Guggenheim Funds Trust | 2026-06-30 | $48.4M | $49.0M | $24.6M |
| VANGUARD TOTAL BOND MARKET INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $44.1M | $44.4M | $5.9M |
| Thompson Bond Fund Thompson IM Funds, Inc. | 2026-05-31 | $53.5M | $44.2M | $0 |
| VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $39.5M | $38.7M | $12.6M |
| Fidelity Investment Grade Bond Central Fund Fidelity Central Investment Portfolios II LLC | 2026-06-30 | $34.1M | $32.1M | $0 |
| DFA Investment Grade Portfolio DFA INVESTMENT DIMENSIONS GROUP INC | 2026-07-31 | $34.7M | $32.0M | $0 |
| Guggenheim Macro Opportunities Fund Guggenheim Funds Trust | 2026-06-30 | $27.8M | $28.1M | $14.8M |
| Strategic Advisers Fidelity Core Income Fund Fidelity Rutland Square Trust II | 2026-05-31 | $25.9M | $24.7M | $0 |
| JPMorgan Ultra-Short Income ETF J.P. Morgan Exchange-Traded Fund Trust | 2026-05-31 | $24.1M | $23.7M | $0 |
| VANGUARD TOTAL BOND MARKET II INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $23.8M | $23.2M | $6.3M |
| VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $23.0M | $21.8M | $8.9M |
| Dimensional Core Fixed Income ETF Dimensional ETF Trust | 2026-07-31 | $21.7M | $21.7M | $599K |
| Baird Short-Term Bond Fund Baird Funds Inc | 2026-06-30 | $19.0M | $18.7M | $0 |
| PGIM Total Return Bond Fund Prudential Investment Portfolios, Inc. 17 | 2026-07-31 | $18.2M | $18.2M | $0 |
| iShares Core U.S. Aggregate Bond ETF iShares Trust | 2026-05-31 | $18.8M | $18.2M | $680K |
| Nuveen Preferred & Income Opportunities Fund | 2026-07-31 | $16.7M | $16.5M | new |
| iShares 1-5 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $16.5M | $15.7M | -$145K |
| Touchstone Strategic Trust-Touchstone Flexible Income Fund Touchstone Strategic Trust | 2026-06-30 | $13.1M | $13.8M | $0 |
| Cohen & Steers Tax-Advantaged Preferred Securities & Income Fund | 2026-07-31 | $12.8M | $13.4M | $0 |
| Eaton Vance Total Return Bond ETF Morgan Stanley ETF Trust | 2026-06-30 | $12.8M | $13.2M | -$3.1M |
| iShares Broad USD Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $13.0M | $12.8M | -$542K |
| Multi-Manager Total Return Bond Strategies Fund COLUMBIA FUNDS SERIES TRUST I | 2026-05-31 | $12.9M | $12.6M | $0 |
| VANGUARD SHORT-TERM INVESTMENT-GRADE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $12.1M | $11.9M | $0 |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Lord Abbett Income Fund ($23.0M), Lord Abbett Short Duration Income Fund ($11.4M), Hartford Dynamic Bond Fund ($10.1M), Lord Abbett Core Plus Bond Fund ($8.9M), Lord Abbett Core Fixed Income Fund ($7.9M), Lord Abbett Total Return Fund ($3.5M), Diversified Bond Fund ($2.6M), COHEN & STEERS REIT & PREFERRED & INCOME FUND INC ($1.7M), iShares Investment Grade Systematic Bond ETF ($1.7M), THRIVENT MODERATE ALLOCATION PORTFOLIO ($1.2M).
ETFs holding these bonds
From each ETF's own latest N-PORT report: the issuer's bonds as a share of the ETF's net assets. A holdings list, not a recommendation.
| ETF | Report | Bonds | Face value | Value | % of net assets |
|---|---|---|---|---|---|
| BND VANGUARD TOTAL BOND MARKET INDEX FUND | 2026-06-30 | 6 | $44.1M | $44.4M | 0.01% |
| VCIT VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 3 | $39.5M | $38.7M | 0.06% |
| JPST JPMorgan Ultra-Short Income ETF | 2026-05-31 | 1 | $24.1M | $23.7M | 0.06% |
| VCSH VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 3 | $23.0M | $21.8M | 0.04% |
| DFCF Dimensional Core Fixed Income ETF | 2026-07-31 | 7 | $21.7M | $21.7M | 0.20% |
| AGG iShares Core U.S. Aggregate Bond ETF | 2026-05-31 | 9 | $18.8M | $18.2M | 0.01% |
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 6 | $16.5M | $15.7M | 0.07% |
| EVTR Eaton Vance Total Return Bond ETF | 2026-06-30 | 1 | $12.8M | $13.2M | 0.24% |
| USIG iShares Broad USD Investment Grade Corporate Bond ETF | 2026-05-31 | 13 | $13.0M | $12.8M | 0.07% |
| VRP Invesco Variable Rate Preferred ETF | 2026-05-31 | 2 | $9.7M | $9.4M | 0.32% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 13 | $8.5M | $8.2M | 0.02% |
| SPIB State Street(R) SPDR(R) Portfolio Intermediate Term Corporate Bond ETF | 2026-06-30 | 6 | $7.8M | $7.6M | 0.07% |
| IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 3 | $7.7M | $7.6M | 0.04% |
| GSY Invesco Ultra Short Duration ETF | 2026-07-31 | 1 | $7.4M | $7.4M | 0.19% |
| DFSD Dimensional Short-Duration Fixed Income ETF | 2026-07-31 | 4 | $6.5M | $6.3M | 0.09% |
Default risk, three ways
Stock market: distance-to-default
Not computed: financial company (banks, insurers, BDCs and REITs carry leverage as their business, which the model misreads).
Bond market: priced-in odds
A 127 bp spread prices in about 2.1% a year of default odds (spread ÷ (1 − 40% recovery)). Fund-reported marks as of Jul 2026; the spread also pays for liquidity and risk premium, so this overstates actual defaults.
Accounts: Altman Z
Not available.
The stock side: 13F filings
What institutions report holding in LNC's stock and options. Options are reported at the value of the underlying shares, not the premium paid; 13F lists long positions only, lags 45 days after quarter-end, and does not show whether puts hedge a stock position.
| Quarter-end | Stock holders | Stock value | Put managers | Puts (underlying value) | Call managers | Calls (underlying value) | Convertible holders |
|---|---|---|---|---|---|---|---|
| 2026-09-30 filings still arriving | 66 | $24.3M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 608 | $5.50B | 21 | $88.6M | 21 | $79.1M | 0 |
| 2026-03-31 | 599 | $4.60B | 23 | $122.9M | 18 | $78.1M | 0 |
| 2025-12-31 | 615 | $6.69B | 21 | $132.9M | 18 | $101.1M | 0 |
| 2025-09-30 | 598 | $5.17B | 22 | $115.9M | 21 | $112.0M | 0 |
| 2025-06-30 | 559 | $4.43B | 20 | $76.9M | 19 | $78.9M | 0 |
Officials trading LNC bonds
| Trade date | Official | Type | Description | Amount | Filing |
|---|---|---|---|---|---|
| 2026-06-24 | Ro Khanna | purchase | Lincoln National Corp | $1,001 - $15,000 | filing |
Sources: fund holdings and fund-reported marks from SEC Form N-PORT (published about 60 days after each month-end); 13F filings; House and Senate periodic transaction reports and OGE Form 278-T; Treasury yields from FRED. Findings from filings, not advice. How each number is computed.