Cintas Corporation bonds CTAS
Who owns Cintas 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. CTAS 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 |
|---|---|---|---|---|---|---|---|---|---|
| 17252MAN0 | 3.7% fixed | 2027-04-01 | USD | 99.53 | 4.41% | 50 bp | 4 | $10.3M | Jul 2026 |
| 17252MAR1 | 4.2% fixed | 2028-05-01 | USD | 99.37 | 4.57% | 39 bp | 9 | $10.1M | Jul 2026 |
| 17252MAQ3 | 4% fixed | 2032-05-01 | USD | 95.50 | 4.91% | 53 bp | 9 | $9.1M | Jul 2026 |
| 17252MAG5 | 6.15% fixed | 2036-08-15 | USD | 105.65 | 5.41% | 81 bp | 1 | $1.3M | 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 | $30.7M | 99.45 | 4.91% | 53 bp | 9 |
| Jun 2026 | 3 | $70.8M | 99.57 | 4.56% | 39 bp | 18 |
| May 2026 | 3 | $74.3M | 99.72 | 4.44% | 34 bp | 18 |
| Apr 2026 | 4 | $31.7M | 99.86 | 4.51% | 48 bp | 9 |
| Mar 2026 | 3 | $105.4M | 99.53 | 4.29% | 58 bp | 22 |
| Feb 2026 | 3 | $119.3M | 99.91 | 3.78% | 30 bp | 17 |
| Jan 2026 | 4 | $33.7M | 100.20 | 4.15% | 42 bp | 11 |
| Dec 2025 | 3 | $104.8M | 99.80 | 3.97% | 45 bp | 22 |
| Nov 2025 | 3 | $121.5M | 99.70 | 3.96% | 40 bp | 17 |
| Oct 2025 | 4 | $32.9M | 100.05 | 4.17% | 52 bp | 11 |
| Sep 2025 | 3 | $104.4M | 99.61 | 4.05% | 49 bp | 21 |
| Aug 2025 | 3 | $112.2M | 99.50 | 4.03% | 32 bp | 20 |
| Jul 2025 | 4 | $31.8M | 99.47 | 4.46% | 43 bp | 12 |
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. 14 added, 26 cut, 2 new holders and 9 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $28.5M | $27.7M | $1.8M |
| VANGUARD TOTAL BOND MARKET INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $16.7M | $16.3M | -$6.2M |
| VANGUARD TOTAL BOND MARKET II INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $16.1M | $15.8M | -$15.6M |
| Invesco BulletShares 2027 Corporate Bond ETF Invesco Exchange-Traded Self-Indexed Fund Trust | 2026-05-31 | $10.2M | $10.1M | $154K |
| VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $8.1M | $8.1M | -$30.6M |
| VANGUARD INTERMEDIATE-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $7.7M | $7.4M | $320K |
| iShares iBonds Dec 2027 Term Corporate ETF iShares Trust | 2026-07-31 | $6.6M | $6.6M | $276K |
| SA Federated Hermes Corporate Bond Portfolio SUNAMERICA SERIES TRUST | 2026-07-31 | $6.5M | $6.4M | $0 |
| iShares 5-10 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $6.3M | $6.2M | $130K |
| ALPS | Smith Short Duration Bond Fund FINANCIAL INVESTORS TRUST | 2026-07-31 | $5.0M | $5.0M | $0 |
| VANGUARD SHORT-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $4.3M | $4.3M | -$12.8M |
| PIMCO Short-Term Floating NAV Portfolio III PIMCO FUNDS | 2026-06-30 | $4.3M | $4.3M | new |
| iShares Core U.S. Aggregate Bond ETF iShares Trust | 2026-05-31 | $4.2M | $4.1M | -$6.1M |
| Schwab 5-10 Year Corporate Bond ETF SCHWAB STRATEGIC TRUST | 2026-06-30 | $4.2M | $4.1M | $455K |
| Invesco BulletShares 2032 Corporate Bond ETF Invesco Exchange-Traded Self-Indexed Fund Trust | 2026-05-31 | $4.1M | $4.0M | $220K |
| iShares iBonds Dec 2032 Term Corporate ETF iShares Trust | 2026-07-31 | $4.0M | $3.8M | $270K |
| State Street(R) SPDR(R) Portfolio Short Term Corporate Bond ETF SPDR SERIES TRUST | 2026-06-30 | $3.7M | $3.7M | -$3.1M |
| Federated Hermes Corporate Bond Fund Federated Hermes Investment Series Funds, Inc. | 2026-05-31 | $3.6M | $3.5M | $0 |
| PIMCO Short-Term Floating NAV Portfolio II PIMCO FUNDS | 2026-06-30 | $3.2M | $3.2M | new |
| iShares Broad USD Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $2.9M | $2.8M | -$2.2M |
| iShares iBonds Dec 2028 Term Corporate ETF iShares Trust | 2026-07-31 | $2.9M | $2.8M | $180K |
| iShares 1-5 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $2.3M | $2.3M | -$6.1M |
| State Street(R) SPDR(R) Portfolio Intermediate Term Corporate Bond ETF SPDR SERIES TRUST | 2026-06-30 | $2.3M | $2.2M | -$83K |
| Inspire Corporate Bond ETF Northern Lights Fund Trust IV | 2026-05-31 | $2.0M | $2.0M | $0 |
| AVE MARIA BOND FUND Schwartz Investment Trust | 2026-06-30 | $1.9M | $1.8M | $0 |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Federated Hermes Quality Bond Fund II ($705K), VANGUARD ESG U.S. CORPORATE BOND ETF ($215K), Schwab Short-Term Bond Index Fund ($175K), State Street(R) SPDR Portfolio Corporate Bond ETF ($165K), Multimanager Core Bond Portfolio ($100K), LVIP SSGA Bond Index Fund ($100K), VANGUARD CORE-PLUS BOND INDEX ETF ($50K), PD Aggregate Bond Index Portfolio ($50K), VanEck Moody's Analytics IG Corporate Bond ETF ($25K).
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 |
|---|---|---|---|---|---|
| VCIT VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 1 | $28.5M | $27.7M | 0.04% |
| BND VANGUARD TOTAL BOND MARKET INDEX FUND | 2026-06-30 | 2 | $16.7M | $16.3M | 0.00% |
| BSCR Invesco BulletShares 2027 Corporate Bond ETF | 2026-05-31 | 1 | $10.2M | $10.1M | 0.22% |
| VCSH VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 1 | $8.1M | $8.1M | 0.02% |
| BIV VANGUARD INTERMEDIATE-TERM BOND INDEX FUND | 2026-06-30 | 1 | $7.7M | $7.4M | 0.01% |
| IBDS iShares iBonds Dec 2027 Term Corporate ETF | 2026-07-31 | 1 | $6.6M | $6.6M | 0.17% |
| IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 1 | $6.3M | $6.2M | 0.03% |
| BSV VANGUARD SHORT-TERM BOND INDEX FUND | 2026-06-30 | 1 | $4.3M | $4.3M | 0.01% |
| AGG iShares Core U.S. Aggregate Bond ETF | 2026-05-31 | 2 | $4.2M | $4.1M | 0.00% |
| SCHI Schwab 5-10 Year Corporate Bond ETF | 2026-06-30 | 1 | $4.2M | $4.1M | 0.04% |
| IBDX iShares iBonds Dec 2032 Term Corporate ETF | 2026-07-31 | 1 | $4.0M | $3.8M | 0.22% |
| SPSB State Street(R) SPDR(R) Portfolio Short Term Corporate Bond ETF | 2026-06-30 | 1 | $3.7M | $3.7M | 0.04% |
| USIG iShares Broad USD Investment Grade Corporate Bond ETF | 2026-05-31 | 2 | $2.9M | $2.8M | 0.02% |
| IBDT iShares iBonds Dec 2028 Term Corporate ETF | 2026-07-31 | 1 | $2.9M | $2.8M | 0.07% |
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 1 | $2.3M | $2.3M | 0.01% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 17.19: safer than 94% of companies (94th percentile in Industrials). Market-implied, prices to 2026-10-16, balance sheet 2026-08-31.
| Equity value | $84.34B |
| Debt barrier (short-term + ½ long-term debt) | $1.71B |
| Equity volatility (1 year) | 23.3% |
| Asset value / asset volatility (solved) | $85.98B / 22.9% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 53 bp spread prices in about 0.9% 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
Altman Z'' = 7.57 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in CTAS'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 | 216 | $1.81B | 0 | — | 0 | — | 0 |
| 2026-06-30 | 1,421 | $44.33B | 23 | $196.2M | 18 | $179.0M | 0 |
| 2026-03-31 | 1,424 | $35.53B | 26 | $107.9M | 23 | $152.9M | 0 |
| 2025-12-31 | 1,461 | $47.60B | 24 | $129.6M | 21 | $210.1M | 0 |
| 2025-09-30 | 1,451 | $50.35B | 24 | $197.7M | 28 | $311.4M | 0 |
| 2025-06-30 | 1,503 | $56.22B | 28 | $315.5M | 26 | $306.5M | 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.