Diversified Healthcare Trust bonds DHCNL
Who owns Diversified Healthcare Trust'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. DHCNL 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 |
|---|---|---|---|---|---|---|---|---|---|
| 81721MAM1 | 4.75% fixed | 2028-02-15 | USD | 98.18 | 6.00% | 186 bp | 26 | $85.8M | Jul 2026 |
| 25525PAE7 | 7.25% fixed | 2030-10-15 | USD | 102.56 | 6.54% | 224 bp | 29 | $41.2M | Jul 2026 |
| 25525PAB3 | 4.375% fixed | 2031-03-01 | USD | 91.44 | 6.56% | 225 bp | 25 | $34.1M | Jul 2026 |
| 25525P206 | 5.625% fixed | 2042-08-01 | USD | — | — | — | 2 | $1.2M | May 2026 |
| 25525P305 | 6.25% fixed | 2046-02-01 | USD | — | — | — | 1 | $426K | May 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 | 3 | $161.1M | 98.18 | 6.54% | 224 bp | 29 |
| Jun 2026 | 3 | $179.2M | 98.00 | 6.43% | 225 bp | 49 |
| May 2026 | 5 | $151.8M | 97.73 | 6.51% | 239 bp | 34 |
| Apr 2026 | 3 | $150.8M | 97.23 | 6.69% | 278 bp | 29 |
| Mar 2026 | 3 | $133.0M | 96.09 | 7.01% | 327 bp | 49 |
| Feb 2026 | 5 | $157.5M | 97.80 | 6.23% | 258 bp | 29 |
| Jan 2026 | 3 | $152.0M | 96.76 | 6.48% | 292 bp | 32 |
| Dec 2025 | 4 | $126.7M | 98.14 | 6.67% | 300 bp | 57 |
| Nov 2025 | 6 | $157.2M | 97.71 | 6.84% | 319 bp | 28 |
| Oct 2025 | 4 | $131.2M | 97.13 | 6.99% | 345 bp | 31 |
| Sep 2025 | 4 | $126.4M | 97.16 | 6.91% | 329 bp | 58 |
| Aug 2025 | 5 | $118.8M | 94.41 | 7.53% | 376 bp | 25 |
| Jul 2025 | 3 | $102.6M | 92.66 | 8.05% | 411 bp | 21 |
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. 53 added, 32 cut, 11 new holders and 8 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| PGIM High Yield Fund Prudential Investment Portfolios, Inc. 15 | 2026-05-29 | $63.6M | $61.0M | -$3.8M |
| Intrepid Income Fund Intrepid Capital Management Funds Trust | 2026-06-30 | $35.6M | $35.7M | $10.6M |
| PIMCO High Yield Fund PIMCO FUNDS | 2026-06-30 | $26.6M | $26.5M | $7.4M |
| iShares Broad USD High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $26.9M | $26.0M | $3.6M |
| VanEck Fallen Angel High Yield Bond ETF VanEck ETF Trust | 2026-07-31 | $24.6M | $24.2M | $525K |
| PGIM Total Return Bond Fund Prudential Investment Portfolios, Inc. 17 | 2026-07-31 | $20.2M | $19.3M | $0 |
| Lord Abbett Short Duration High Yield Fund LORD ABBETT TRUST I | 2026-07-31 | $17.7M | $18.2M | $0 |
| iShares Fallen Angels USD Bond ETF iShares Trust | 2026-07-31 | $17.1M | $16.8M | -$1.8M |
| State Street(R) SPDR(R) Portfolio High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $16.8M | $16.1M | $7.0M |
| Multi-Manager High Yield Bond Fund Goldman Sachs Trust II | 2026-07-31 | $14.3M | $13.8M | $1.9M |
| iShares iBoxx $ High Yield Corporate Bond ETF iShares Trust | 2026-05-31 | $13.9M | $13.1M | -$1.5M |
| iShares 0-5 Year High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $12.5M | $12.1M | $790K |
| BlackRock High Yield Portfolio BlackRock Funds V | 2026-06-30 | $9.7M | $10.0M | $0 |
| State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $10.1M | $9.9M | $2.0M |
| iShares High Yield Systematic Bond ETF iShares Trust | 2026-05-31 | $10.2M | $9.8M | -$1.3M |
| Lord Abbett High Yield Fund LORD ABBETT INVESTMENT TRUST | 2026-05-31 | $9.5M | $9.7M | $1.7M |
| PGIM Floating Rate Income Fund Prudential Investment Portfolios, Inc. 14 | 2026-05-29 | $8.8M | $8.1M | $0 |
| Brigade High Income Fund ALPS SERIES TRUST | 2026-06-30 | $7.3M | $6.7M | $0 |
| PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund PIMCO ETF Trust | 2026-06-30 | $6.6M | $6.3M | -$144K |
| PIMCO Dynamic Income Strategy Fund | 2026-06-30 | $6.6M | $6.0M | new |
| PIMCO Multisector Bond Active Exchange-Traded Fund PIMCO ETF Trust | 2026-06-30 | $5.8M | $5.9M | new |
| SIIT HIGH YIELD BOND FUND SEI INSTITUTIONAL INVESTMENTS TRUST | 2026-05-31 | $5.8M | $5.5M | -$160K |
| Invesco High Yield Fund AIM Investment Securities Funds (Invesco Investment Securities Funds) | 2026-05-31 | $6.0M | $5.5M | $661K |
| BlackRock Systematic Multi-Strategy Fund BlackRock Funds IV | 2026-06-30 | $5.3M | $5.0M | $955K |
| Brookfield Real Assets Income Fund Inc. | 2026-06-30 | $4.3M | $4.4M | $1.4M |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Fidelity Enhanced High Yield ETF ($1.3M), State Street(R) SPDR(R) Bloomberg High Yield Bond ETF ($1.1M), High Income Fund ($350K), BlackRock Multi-Sector Income Trust ($182K), BlackRock Low Duration Bond Portfolio ($141K), BlackRock Core Bond Trust ($80K), PACE High Yield Investments ($25K), iShares Core 5-10 Year USD Bond ETF ($10K).
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 |
|---|---|---|---|---|---|
| USHY iShares Broad USD High Yield Corporate Bond ETF | 2026-07-31 | 3 | $26.9M | $26.0M | 0.09% |
| ANGL VanEck Fallen Angel High Yield Bond ETF | 2026-07-31 | 1 | $24.6M | $24.2M | 0.79% |
| FALN iShares Fallen Angels USD Bond ETF | 2026-07-31 | 1 | $17.1M | $16.8M | 1.04% |
| SPHY State Street(R) SPDR(R) Portfolio High Yield Bond ETF | 2026-06-30 | 3 | $16.8M | $16.1M | 0.14% |
| HYG iShares iBoxx $ High Yield Corporate Bond ETF | 2026-05-31 | 2 | $13.9M | $13.1M | 0.08% |
| SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 2026-07-31 | 3 | $12.5M | $12.1M | 0.16% |
| SJNK State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF | 2026-06-30 | 3 | $10.1M | $9.9M | 0.20% |
| HYDB iShares High Yield Systematic Bond ETF | 2026-05-31 | 2 | $10.2M | $9.8M | 0.60% |
| HYS PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund | 2026-06-30 | 3 | $6.6M | $6.3M | 0.37% |
| SRLN State Street(R) Blackstone Senior Loan ETF | 2026-06-30 | 2 | $4.6M | $4.4M | 0.08% |
| HYBL State Street(R) Blackstone High Income ETF | 2026-06-30 | 2 | $3.2M | $3.1M | 0.54% |
| PHYL PGIM Active High Yield Bond ETF | 2026-05-29 | 3 | $3.0M | $3.0M | 0.23% |
| HYLB Xtrackers USD High Yield Corporate Bond ETF | 2026-05-29 | 2 | $3.1M | $3.0M | 0.09% |
| BSJS Invesco BulletShares 2028 High Yield Corporate Bond ETF | 2026-05-31 | 1 | $2.7M | $2.7M | 0.39% |
| SCYB Schwab High Yield Bond ETF | 2026-05-31 | 3 | $2.4M | $2.3M | 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 224 bp spread prices in about 3.7% 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 DHCNL'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 | 18 | $2.7M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 233 | $1.86B | 6 | $1.5M | 7 | $6.9M | 0 |
| 2026-03-31 | 212 | $1.13B | 7 | $1.4M | 6 | $5.5M | 0 |
| 2025-12-31 | 210 | $915.1M | 9 | $3.0M | 9 | $5.2M | 0 |
| 2025-09-30 | 196 | $804.8M | 6 | $2.5M | 6 | $3.1M | 1 |
| 2025-06-30 | 191 | $675.4M | 8 | $3.7M | 6 | $2.1M | 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.