CoBank, ACB bonds CBKLP
Who owns CoBank, ACB'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. CBKLP 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 |
|---|---|---|---|---|---|---|---|---|---|
| 19075QAC6 | 6.25% fixed | 2026-10-01 | USD | 100.06 | 5.85% | 212 bp | 5 | $29.7M | Jul 2026 |
| 19075QAD4 | 4.25% variable | 2027-01-01 | USD | 98.59 | — | — | 1 | $789K | Jul 2026 |
| 19075QAE2 | 6.45% fixed | 2027-10-01 | USD | 99.72 | 6.69% | 261 bp | 12 | $55.3M | Jul 2026 |
| 19075QAF9 | 7.25% fixed | 2029-07-01 | USD | 100.63 | 7.01% | 275 bp | 17 | $63.1M | 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 | 4 | $148.9M | 99.89 | 6.85% | 268 bp | 17 |
| Jun 2026 | 4 | $243.6M | 100.25 | 6.23% | 218 bp | 13 |
| May 2026 | 4 | $126.8M | 100.14 | 6.45% | 250 bp | 12 |
| Apr 2026 | 4 | $158.8M | 100.03 | 6.67% | 289 bp | 17 |
| Mar 2026 | 4 | $148.9M | 100.42 | 6.25% | 254 bp | 11 |
| Feb 2026 | 4 | $142.8M | 100.62 | 6.13% | 262 bp | 13 |
| Jan 2026 | 4 | $210.6M | 100.73 | 6.17% | 258 bp | 18 |
| Dec 2025 | 4 | $136.8M | 100.72 | 6.13% | 258 bp | 11 |
| Nov 2025 | 4 | $132.0M | 99.80 | 6.68% | 310 bp | 13 |
| Oct 2025 | 4 | $214.7M | 100.36 | 6.32% | 277 bp | 19 |
| Sep 2025 | 4 | $105.2M | 100.80 | 5.85% | 228 bp | 10 |
| Aug 2025 | 4 | $131.5M | 100.64 | 6.18% | 230 bp | 13 |
| Jul 2025 | 4 | $221.7M | 100.61 | 6.06% | 219 bp | 20 |
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. 5 added, 11 cut, 12 new holders and 0 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| Nuveen Preferred Securities and Income Fund Nuveen Investment Trust V | 2026-05-31 | $49.9M | $50.1M | -$8.3M |
| Spectrum Preferred and Capital Securities Income Fund Principal Funds, Inc | 2026-05-31 | $41.8M | $42.0M | -$7.0M |
| Thornburg Strategic Income Fund THORNBURG INVESTMENT TRUST | 2026-06-30 | $34.5M | $34.5M | $0 |
| Thornburg Investment Income Builder Fund THORNBURG INVESTMENT TRUST | 2026-06-30 | $29.8M | $29.8M | $0 |
| Cohen & Steers Preferred Securities & Income Fund, Inc. COHEN & STEERS PREFERRED SECURITIES & INCOME FUND, INC. | 2026-06-30 | $28.4M | $28.5M | $0 |
| PIMCO Long Duration Credit Bond Portfolio PIMCO FUNDS | 2026-06-30 | $27.6M | $27.5M | new |
| Guggenheim Macro Opportunities Fund Guggenheim Funds Trust | 2026-06-30 | $24.8M | $24.5M | $0 |
| Nuveen Preferred & Income Opportunities Fund | 2026-07-31 | $23.2M | $23.2M | -$9.3M |
| PIMCO Investment Grade Credit Bond Fund PIMCO FUNDS | 2026-06-30 | $22.2M | $22.1M | new |
| Cohen & Steers Short Duration Preferred & Income Fund,Inc. Cohen & Steers Short Duration Preferred & Income Fund, Inc. | 2026-07-31 | $20.8M | $20.9M | $0 |
| First Trust Preferred Securities and Income ETF First Trust Exchange-Traded Fund III | 2026-07-31 | $12.5M | $12.6M | $0 |
| PIMCO Active Bond Exchange-Traded Fund PIMCO ETF Trust | 2026-06-30 | $12.2M | $12.4M | new |
| John Hancock Tax-Advantaged Dividend Income Fund | 2026-07-31 | $10.2M | $10.3M | $0 |
| Victory Short-Term Bond Fund Victory Portfolios III | 2026-07-31 | $8.7M | $8.7M | $3.0M |
| Invesco Variable Rate Preferred ETF Invesco Exchange-Traded Fund Trust II | 2026-05-31 | $8.5M | $8.4M | $1.0M |
| John Hancock Premium Dividend Fund | 2026-07-31 | $8.3M | $8.3M | -$1.0M |
| Nuveen Variable Rate Preferred & Income Fund | 2026-07-31 | $8.1M | $8.1M | $0 |
| John Hancock Preferred Income Fund III | 2026-07-31 | $7.7M | $7.7M | -$1.4M |
| Fixed Income SHares: Series C PIMCO Managed Accounts Trust | 2026-06-30 | $7.5M | $7.5M | new |
| PIMCO Long-Term Credit Bond Fund PIMCO FUNDS | 2026-06-30 | $7.2M | $7.2M | new |
| John Hancock Preferred Income Fund | 2026-07-31 | $7.1M | $7.1M | -$1.2M |
| Capital Securities Fund Principal Funds, Inc | 2026-05-31 | $7.0M | $7.0M | -$1.0M |
| Cohen & Steers Tax-Advantaged Preferred Securities & Income Fund | 2026-07-31 | $6.6M | $6.6M | $0 |
| Guggenheim Strategic Opportunities Fund | 2026-05-29 | $6.5M | $6.5M | $0 |
| VictoryShares Short-Term Bond ETF Victory Portfolios II | 2026-06-30 | $6.3M | $6.3M | $2.0M |
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 |
|---|---|---|---|---|---|
| FPE First Trust Preferred Securities and Income ETF | 2026-07-31 | 1 | $12.5M | $12.6M | 0.20% |
| BOND PIMCO Active Bond Exchange-Traded Fund | 2026-06-30 | 2 | $12.2M | $12.4M | 0.15% |
| VRP Invesco Variable Rate Preferred ETF | 2026-05-31 | 2 | $8.5M | $8.4M | 0.29% |
| USTB VictoryShares Short-Term Bond ETF | 2026-06-30 | 1 | $6.3M | $6.3M | 0.28% |
| NPFI Nuveen Preferred and Income ETF | 2026-07-31 | 2 | $3.7M | $3.7M | 2.11% |
| FPEI First Trust Institutional Preferred Securities and Income ETF | 2026-07-31 | 1 | $3.0M | $3.0M | 0.16% |
| PREF Principal Spectrum Preferred Securities Active ETF | 2026-06-30 | 1 | $2.3M | $2.3M | 0.13% |
| PFLD AAM Low Duration Preferred and Income Securities ETF | 2026-07-31 | 3 | $2.1M | $2.1M | 0.51% |
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 1 | $1.1M | $1.1M | 0.00% |
| USIG iShares Broad USD Investment Grade Corporate Bond ETF | 2026-05-31 | 1 | $850K | $859K | 0.00% |
| CSSD Cohen & Steers Short Duration Preferred and Income Active ETF | 2026-06-30 | 3 | $650K | $657K | 1.41% |
| TMB Thornburg Multi Sector Bond ETF | 2026-05-31 | 1 | $420K | $421K | 0.23% |
| PRFD PIMCO Preferred and Capital Securities Active Exchange-Traded Fund | 2026-06-30 | 1 | $400K | $402K | 0.18% |
| GPRF Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF | 2026-05-31 | 2 | $312K | $311K | 0.35% |
| JHPI John Hancock Preferred Income ETF | 2026-06-30 | 1 | $185K | $188K | 0.09% |
Default risk, three ways
Stock market: distance-to-default
No stock-market measure for this issuer.
Bond market: priced-in odds
A 268 bp spread prices in about 4.5% 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 CBKLP'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 |
|---|---|---|---|---|---|---|---|
| 2024-12-31 | 1 | $3.6M | 0 | — | 0 | — | 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.