Brighthouse Financial, Inc. bonds BHFAL
Who owns Brighthouse Financial, Inc.'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. BHFAL 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 |
|---|---|---|---|---|---|---|---|---|---|
| 10922N202 | 6.25% fixed | 2026-11-03 | USD | — | — | — | 1 | $182K | May 2026 |
| 10921U2J6 | 5.55% fixed | 2027-04-09 | USD | 100.48 | 4.82% | 90 bp | 5 | $12.8M | Jul 2026 |
| 10922NAC7 | 3.7% fixed | 2027-06-22 | USD | 99.00 | 4.85% | 85 bp | 4 | $6.9M | Jul 2026 |
| 10921U2E7 | 2% fixed | 2028-06-28 | USD | 94.15 | 5.26% | 106 bp | 2 | $673K | Jul 2026 |
| 10921U2L1 | 5.65% fixed | 2029-06-10 | USD | 100.65 | 5.40% | 114 bp | 3 | $1.4M | Jul 2026 |
| 10922NAG8 | 5.625% fixed | 2030-05-15 | USD | 100.68 | 5.42% | 113 bp | 21 | $16.0M | Jul 2026 |
| 10922NAF0 | 4.7% fixed | 2047-06-22 | USD | 66.19 | 8.08% | 297 bp | 6 | $1.1M | Jul 2026 |
| 10922NAH6 | 3.85% fixed | 2051-12-22 | USD | 54.38 | 8.12% | 301 bp | 5 | $692K | 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 | 7 | $39.6M | 99.00 | 5.42% | 114 bp | 21 |
| Jun 2026 | 7 | $334.3M | 98.95 | 5.48% | 134 bp | 20 |
| May 2026 | 8 | $398.4M | 98.56 | 5.35% | 132 bp | 18 |
| Apr 2026 | 8 | $42.5M | 99.02 | 5.36% | 156 bp | 20 |
| Mar 2026 | 8 | $407.0M | 98.76 | 5.39% | 172 bp | 20 |
| Feb 2026 | 9 | $431.9M | 99.03 | 4.93% | 139 bp | 18 |
| Jan 2026 | 8 | $54.9M | 99.08 | 4.92% | 128 bp | 18 |
| Dec 2025 | 8 | $404.1M | 98.88 | 4.94% | 136 bp | 21 |
| Nov 2025 | 8 | $400.9M | 98.20 | 5.18% | 158 bp | 16 |
| Oct 2025 | 8 | $54.0M | 98.39 | 4.88% | 132 bp | 18 |
| Sep 2025 | 8 | $410.1M | 98.39 | 4.85% | 126 bp | 21 |
| Aug 2025 | 8 | $404.0M | 98.23 | 4.84% | 112 bp | 16 |
| Jul 2025 | 8 | $54.5M | 97.50 | 5.22% | 133 bp | 18 |
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. 26 added, 35 cut, 10 new holders and 31 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| Lord Abbett Short Duration Income Fund LORD ABBETT INVESTMENT TRUST | 2026-05-31 | $124.9M | $125.8M | $0 |
| JPMorgan Ultra-Short Income ETF J.P. Morgan Exchange-Traded Fund Trust | 2026-05-31 | $64.8M | $65.1M | -$3.4M |
| VANGUARD WELLESLEY INCOME FUND | 2026-06-30 | $60.6M | $59.1M | -$37.0M |
| VANGUARD WELLINGTON FUND | 2026-05-31 | $55.9M | $55.1M | -$20.2M |
| Guggenheim Limited Duration Fund Guggenheim Funds Trust | 2026-06-30 | $34.5M | $34.7M | $0 |
| Baird Short-Term Bond Fund Baird Funds Inc | 2026-06-30 | $30.0M | $30.2M | $0 |
| Thornburg Strategic Income Fund THORNBURG INVESTMENT TRUST | 2026-06-30 | $30.0M | $28.5M | -$2.1M |
| Lord Abbett Ultra Short Bond Fund LORD ABBETT INVESTMENT TRUST | 2026-05-31 | $27.8M | $28.0M | $0 |
| Baird Core Plus Bond Fund Baird Funds Inc | 2026-06-30 | $20.0M | $20.1M | $0 |
| VANGUARD TOTAL BOND MARKET INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $24.5M | $18.6M | $1.7M |
| Loomis Sayles Core Plus Bond Fund Natixis Funds Trust I | 2026-06-30 | $13.5M | $13.6M | $0 |
| Thornburg Limited Term Income Fund THORNBURG INVESTMENT TRUST | 2026-06-30 | $13.8M | $12.9M | -$7.5M |
| iShares 1-5 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $11.7M | $11.6M | -$4.6M |
| VANGUARD TOTAL BOND MARKET II INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $15.0M | $11.5M | $0 |
| Invesco Equity and Income Fund AIM Counselor Series Trust (Invesco Counselor Series Trust) | 2026-05-31 | $18.3M | $11.1M | $0 |
| SIIT INTERMEDIATE DURATION CREDIT FUND SEI INSTITUTIONAL INVESTMENTS TRUST | 2026-05-31 | $10.4M | $10.5M | $0 |
| PIMCO Short-Term Fund PIMCO FUNDS | 2026-06-30 | $10.1M | $10.1M | -$7.6M |
| Invesco Conservative Income Fund Invesco Management Trust | 2026-05-31 | $8.2M | $8.2M | $0 |
| Invesco Ultra Short Duration ETF Invesco Actively Managed Exchange-Traded Fund Trust | 2026-07-31 | $8.2M | $8.2M | $0 |
| Invesco BulletShares 2027 Corporate Bond ETF Invesco Exchange-Traded Self-Indexed Fund Trust | 2026-05-31 | $7.6M | $7.5M | $87K |
| Lord Abbett Total Return Fund LORD ABBETT INVESTMENT TRUST | 2026-05-31 | $6.9M | $6.9M | $0 |
| Lord Abbett Core Fixed Income Fund LORD ABBETT INVESTMENT TRUST | 2026-05-31 | $6.5M | $6.6M | $0 |
| iShares Core U.S. Aggregate Bond ETF iShares Trust | 2026-05-31 | $7.8M | $6.3M | $0 |
| Guggenheim Core Bond Fund Guggenheim Funds Trust | 2026-06-30 | $6.0M | $6.0M | $0 |
| Lord Abbett Core Plus Bond Fund LORD ABBETT INVESTMENT TRUST | 2026-05-31 | $5.7M | $5.8M | $0 |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): PIMCO Enhanced Short Maturity Active Exchange-Traded Fund ($5.3M), State Street(R) SPDR(R) Portfolio Short Term Corporate Bond ETF ($5.0M), BALANCED PORTFOLIO ($2.2M), T. Rowe Price Short-Term Bond Fund, Inc. ($1.7M), PIMCO Short-Term Portfolio ($1.3M), T. Rowe Price Balanced Fund, Inc. ($1.1M), LVIP PIMCO Low Duration Bond Fund ($1.0M), T. Rowe Price Ultra Short-Term Bond Fund ($1.0M), Invesco Multi-Asset Income Fund ($680K), AB Core Plus Bond ETF ($631K).
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 |
|---|---|---|---|---|---|
| JPST JPMorgan Ultra-Short Income ETF | 2026-05-31 | 2 | $64.8M | $65.1M | 0.17% |
| BND VANGUARD TOTAL BOND MARKET INDEX FUND | 2026-06-30 | 3 | $24.5M | $18.6M | 0.00% |
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 4 | $11.7M | $11.6M | 0.05% |
| GSY Invesco Ultra Short Duration ETF | 2026-07-31 | 1 | $8.2M | $8.2M | 0.21% |
| BSCR Invesco BulletShares 2027 Corporate Bond ETF | 2026-05-31 | 1 | $7.6M | $7.5M | 0.16% |
| LDUR PIMCO Enhanced Low Duration Active Exchange-Traded Fund | 2026-06-30 | 2 | $6.7M | $6.8M | 0.50% |
| AGG iShares Core U.S. Aggregate Bond ETF | 2026-05-31 | 4 | $7.8M | $6.3M | 0.00% |
| IBDS iShares iBonds Dec 2027 Term Corporate ETF | 2026-07-31 | 1 | $5.4M | $5.4M | 0.14% |
| VBND Vident U.S. Bond Strategy ETF | 2026-05-31 | 1 | $6.3M | $4.6M | 0.90% |
| BSCU Invesco BulletShares 2030 Corporate Bond ETF | 2026-05-31 | 1 | $4.2M | $4.2M | 0.17% |
| USIG iShares Broad USD Investment Grade Corporate Bond ETF | 2026-05-31 | 6 | $4.6M | $4.1M | 0.02% |
| BSV VANGUARD SHORT-TERM BOND INDEX FUND | 2026-06-30 | 1 | $4.0M | $4.1M | 0.01% |
| DFCF Dimensional Core Fixed Income ETF | 2026-07-31 | 1 | $3.5M | $3.5M | 0.03% |
| GCSH Guggenheim Ultra Short Income ETF | 2026-06-30 | 1 | $2.7M | $2.7M | 1.97% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 5 | $3.2M | $2.6M | 0.01% |
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 114 bp spread prices in about 1.9% 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 BHFAL'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 | 56 | $2.5M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 461 | $3.30B | 18 | $79.8M | 16 | $100.3M | 0 |
| 2026-03-31 | 448 | $2.81B | 19 | $97.5M | 16 | $72.0M | 0 |
| 2025-12-31 | 446 | $3.30B | 17 | $54.7M | 18 | $65.9M | 0 |
| 2025-09-30 | 422 | $2.63B | 23 | $266.9M | 34 | $180.1M | 0 |
| 2025-06-30 | 435 | $2.60B | 15 | $157.8M | 16 | $86.7M | 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.