Aflac Incorporated bonds AFL
Who owns Aflac Incorporated'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. AFL 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 |
|---|---|---|---|---|---|---|---|---|---|
| 001055AQ5 | 2.88% fixed | 2026-10-15 | USD | 99.70 | 4.32% | 59 bp | 2 | $4.6M | Jul 2026 |
| 001055AS1 | 0.932% fixed | 2027-01-25 | JPY | — | — | — | 1 | $501K | Jul 2026 |
| 001055AZ5 | 0.5% fixed | 2029-12-17 | JPY | — | — | — | 1 | $587K | Jul 2026 |
| 001055BE1 | 0.55% fixed | 2030-03-12 | JPY | 93.79 | 2.31% | — | 1 | $577K | Jun 2026 |
| 001055BJ0 | 3.6% fixed | 2030-04-01 | USD | 95.79 | 4.86% | 58 bp | 11 | $15.2M | Jul 2026 |
| 001055AV4 | 1.159% fixed | 2030-10-18 | JPY | — | — | — | 1 | $4.1M | Jul 2026 |
| 001055CB6 | 1.726% fixed | 2030-10-18 | JPY | 97.48 | 2.33% | — | 2 | $4.9M | May 2026 |
| XS3372788250 | 2.802% fixed | 2031-12-17 | JPY | — | — | — | 2 | $5.6M | Jul 2026 |
| 001055BG6 | 0.83% fixed | 2035-03-12 | JPY | — | — | — | 1 | $504K | Jul 2026 |
| 983196AA4 | 5.251% fixed | 2035-08-15 | USD | 96.70 | 5.72% | 117 bp | 7 | $20.9M | Jul 2026 |
| 001055CH3 | 5.15% fixed | 2036-05-14 | USD | 97.83 | 5.44% | 85 bp | 8 | $43.0M | Jul 2026 |
| 001055AD4 | 6.9% fixed | 2039-12-17 | USD | 109.05 | 5.91% | 114 bp | 3 | $3.9M | Jul 2026 |
| 001055AF9 | 6.45% fixed | 2040-08-15 | USD | 106.22 | 5.80% | 99 bp | 5 | $3.3M | Jul 2026 |
| 001055AR3 | 4% fixed | 2046-10-15 | USD | 76.08 | 6.07% | 96 bp | 5 | $2.2M | Jul 2026 |
| XS1702964351 | 2.108% fixed | 2047-10-23 | JPY | 99.28 | 2.15% | — | 1 | $2.4M | Jun 2026 |
| 001055AY8 | 4.75% fixed | 2049-01-15 | USD | 84.38 | 6.03% | 92 bp | 9 | $2.3M | Jul 2026 |
| 983197AA2 | 5.991% fixed | 2055-08-15 | USD | 95.81 | 6.31% | 121 bp | 5 | $5.8M | 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 | 14 | $112.7M | 96.70 | 5.85% | 98 bp | 11 |
| Jun 2026 | 10 | $218.8M | 99.08 | 5.57% | 78 bp | 19 |
| May 2026 | 9 | $116.5M | 99.20 | 5.58% | 77 bp | 24 |
| Apr 2026 | 12 | $56.7M | 98.56 | 5.69% | 101 bp | 11 |
| Mar 2026 | 9 | $200.8M | 98.31 | 5.73% | 109 bp | 19 |
| Feb 2026 | 9 | $107.5M | 99.35 | 5.40% | 89 bp | 22 |
| Jan 2026 | 13 | $64.0M | 99.25 | 5.44% | 97 bp | 12 |
| Dec 2025 | 11 | $234.7M | 99.27 | 5.52% | 96 bp | 22 |
| Nov 2025 | 9 | $113.6M | 99.14 | 5.40% | 91 bp | 22 |
| Oct 2025 | 14 | $78.5M | 98.94 | 5.43% | 109 bp | 15 |
| Sep 2025 | 10 | $234.6M | 99.15 | 5.44% | 81 bp | 25 |
| Aug 2025 | 9 | $128.8M | 98.62 | 5.56% | 96 bp | 22 |
| Jul 2025 | 12 | $34.4M | 97.94 | 5.61% | 90 bp | 11 |
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. 34 added, 18 cut, 18 new holders and 4 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| VANGUARD TOTAL BOND MARKET II INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $50.9M | $48.8M | $14.0M |
| VANGUARD LONG-TERM INVESTMENT-GRADE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $47.9M | $46.5M | $41.9M |
| VANGUARD TOTAL BOND MARKET INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $33.7M | $31.4M | $1.7M |
| VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $22.9M | $22.2M | $4.4M |
| Nuveen Core Impact Bond Fund TIAA-CREF Funds | 2026-06-30 | $18.4M | $18.2M | -$9.3M |
| College Retirement Equities Fund - Responsible Balanced Account College Retirement Equities Fund | 2026-06-30 | $18.4M | $18.2M | $0 |
| Nuveen Core Bond Fund TIAA-CREF Funds | 2026-06-30 | $17.7M | $17.5M | $0 |
| VOYA INTERMEDIATE BOND FUND Voya Funds Trust | 2026-06-30 | $15.1M | $15.0M | $0 |
| VANGUARD INTERMEDIATE-TERM INVESTMENT-GRADE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $15.0M | $14.5M | $5.0M |
| iShares Core U.S. Aggregate Bond ETF iShares Trust | 2026-05-31 | $14.3M | $13.2M | $2.4M |
| iShares 5-10 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $10.2M | $10.1M | $3.0M |
| Fidelity Investment Grade Bond Central Fund Fidelity Central Investment Portfolios II LLC | 2026-06-30 | $9.9M | $9.6M | $0 |
| College Retirement Equities Fund - Core Bond Account College Retirement Equities Fund | 2026-06-30 | $9.3M | $9.2M | $0 |
| iShares Broad USD Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $8.3M | $8.0M | $1.4M |
| T. Rowe Price New Income Fund, Inc. T. ROWE PRICE NEW INCOME FUND, INC. | 2026-05-31 | $8.0M | $7.9M | $0 |
| Invesco Corporate Bond Fund AIM Investment Securities Funds (Invesco Investment Securities Funds) | 2026-05-31 | $7.7M | $7.6M | -$1.3M |
| Fidelity U.S. Bond Index Fund Fidelity Salem Street Trust | 2026-05-31 | $7.8M | $7.0M | $0 |
| Nuveen Core Plus Bond Fund TIAA-CREF Funds | 2026-06-30 | $7.1M | $7.0M | $0 |
| VANGUARD SHORT-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $7.1M | $6.8M | $207K |
| iShares 1-5 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $6.7M | $6.5M | -$605K |
| iShares iBonds Dec 2030 Term Corporate ETF iShares Trust | 2026-07-31 | $6.2M | $5.9M | $658K |
| PGIM Global Total Return Fund Prudential Global Total Return Fund, Inc. | 2026-07-31 | $980.0M | $5.7M | $0 |
| MOA CORE BOND FUND MoA Funds Corp | 2026-06-30 | $5.4M | $5.4M | new |
| Fidelity Series Bond Index Fund Fidelity Salem Street Trust | 2026-05-31 | $5.6M | $5.3M | $0 |
| VANGUARD ULTRA-SHORT BOND ETF VANGUARD BOND INDEX FUNDS | 2026-06-30 | $5.2M | $5.2M | $0 |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): First American Multi-Manager Fixed-Income Fund ($2.7M), T. Rowe Price Corporate Income Fund, Inc. ($1.4M), ONEASCENT CORE PLUS BOND ETF ($1.1M), THRIVENT MODERATE ALLOCATION PORTFOLIO ($221K).
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 | 3 | $33.7M | $31.4M | 0.01% |
| VCSH VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 1 | $22.9M | $22.2M | 0.04% |
| AGG iShares Core U.S. Aggregate Bond ETF | 2026-05-31 | 4 | $14.3M | $13.2M | 0.01% |
| IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 2 | $10.2M | $10.1M | 0.06% |
| USIG iShares Broad USD Investment Grade Corporate Bond ETF | 2026-05-31 | 7 | $8.3M | $8.0M | 0.05% |
| BSV VANGUARD SHORT-TERM BOND INDEX FUND | 2026-06-30 | 1 | $7.1M | $6.8M | 0.01% |
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 1 | $6.7M | $6.5M | 0.03% |
| IBDV iShares iBonds Dec 2030 Term Corporate ETF | 2026-07-31 | 1 | $6.2M | $5.9M | 0.18% |
| VUSB VANGUARD ULTRA-SHORT BOND ETF | 2026-06-30 | 1 | $5.2M | $5.2M | 0.06% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 5 | $5.1M | $4.6M | 0.01% |
| IBDR iShares iBonds Dec 2026 Term Corporate ETF | 2026-07-31 | 1 | $3.9M | $3.9M | 0.11% |
| SPIB State Street(R) SPDR(R) Portfolio Intermediate Term Corporate Bond ETF | 2026-06-30 | 2 | $3.1M | $3.0M | 0.03% |
| SCHI Schwab 5-10 Year Corporate Bond ETF | 2026-06-30 | 1 | $2.6M | $2.6M | 0.02% |
| BNDX VANGUARD TOTAL INTERNATIONAL BOND INDEX FUND | 2026-07-31 | 1 | $400.0M | $2.5M | 0.00% |
| IGLB iShares 10+ Year Investment Grade Corporate Bond ETF | 2026-05-31 | 4 | $2.1M | $1.9M | 0.07% |
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 98 bp spread prices in about 1.6% 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 AFL'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 | 285 | $617.9M | 1 | $2.6M | 0 | — | 0 |
| 2026-06-30 | 1,689 | $39.57B | 28 | $133.9M | 31 | $398.9M | 0 |
| 2026-03-31 | 1,648 | $30.81B | 30 | $74.6M | 33 | $287.1M | 1 |
| 2025-12-31 | 1,668 | $37.85B | 31 | $123.2M | 29 | $319.2M | 0 |
| 2025-09-30 | 1,615 | $38.57B | 30 | $175.2M | 33 | $435.2M | 0 |
| 2025-06-30 | 1,601 | $38.13B | 31 | $157.1M | 32 | $351.2M | 0 |
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.