Deluxe Corporation bonds DLX
Who owns Deluxe 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. DLX 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 |
|---|---|---|---|---|---|---|---|---|---|
| 248019AU5 | 8% fixed | 2029-06-01 | USD | 100.85 | 7.65% | 340 bp | 27 | $39.4M | Jul 2026 |
| 248019AW1 | 8.125% fixed | 2029-09-15 | USD | 103.59 | 6.83% | 256 bp | 36 | $41.8M | 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 | 2 | $81.2M | 102.22 | 7.24% | 298 bp | 36 |
| Jun 2026 | 2 | $169.9M | 102.19 | 7.27% | 312 bp | 43 |
| May 2026 | 2 | $47.4M | 102.90 | 7.04% | 299 bp | 21 |
| Apr 2026 | 2 | $78.1M | 102.74 | 7.12% | 329 bp | 41 |
| Mar 2026 | 2 | $167.5M | 102.31 | 7.29% | 354 bp | 47 |
| Feb 2026 | 2 | $47.6M | 102.97 | 7.09% | 354 bp | 22 |
| Jan 2026 | 2 | $70.4M | 103.33 | 6.98% | 333 bp | 43 |
| Dec 2025 | 2 | $176.9M | 103.69 | 6.89% | 330 bp | 51 |
| Nov 2025 | 2 | $48.2M | 103.11 | 7.10% | 351 bp | 23 |
| Oct 2025 | 2 | $72.9M | 101.93 | 7.50% | 393 bp | 50 |
| Sep 2025 | 2 | $170.5M | 102.18 | 7.42% | 383 bp | 56 |
| Aug 2025 | 2 | $48.2M | 101.76 | 7.56% | 384 bp | 22 |
| Jul 2025 | 2 | $68.2M | 99.48 | 8.27% | 437 bp | 51 |
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. 30 added, 18 cut, 2 new holders and 7 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| The Osterweis Strategic Income Fund Professionally Managed Portfolios | 2026-06-30 | $57.2M | $58.3M | $0 |
| Intrepid Income Fund Intrepid Capital Management Funds Trust | 2026-06-30 | $21.4M | $22.2M | $5.8M |
| iShares Broad USD High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $18.5M | $18.9M | $1.5M |
| iShares High Yield Systematic Bond ETF iShares Trust | 2026-05-31 | $10.2M | $10.5M | -$958K |
| BlackRock High Yield Portfolio BlackRock Funds V | 2026-06-30 | $8.6M | $8.9M | $0 |
| iShares 0-5 Year High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $7.8M | $7.9M | $410K |
| State Street(R) SPDR(R) Portfolio High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $7.7M | $7.9M | $231K |
| T. Rowe Price U.S. High Yield ETF T. Rowe Price Exchange-Traded Funds, Inc. | 2026-05-31 | $7.3M | $7.6M | $0 |
| PIMCO High Yield Fund PIMCO FUNDS | 2026-06-30 | $7.2M | $7.5M | $5.8M |
| Multi-Manager High Yield Bond Fund Goldman Sachs Trust II | 2026-07-31 | $7.1M | $7.3M | $2.0M |
| Columbia Flexible Capital Income Fund Columbia Funds Series Trust II | 2026-05-31 | $6.5M | $6.6M | $0 |
| Virtus Income & Growth Fund Virtus Investment Trust | 2026-06-30 | $5.5M | $5.6M | $0 |
| Payden High Income Fund PAYDEN & RYGEL INVESTMENT GROUP | 2026-07-31 | $4.9M | $5.1M | $485K |
| Transamerica Multi-Asset Income TRANSAMERICA FUNDS | 2026-07-31 | $5.0M | $5.0M | $0 |
| TRI-CONTINENTAL Corp | 2026-06-30 | $5.0M | $5.0M | $0 |
| THE HARTFORD HIGH YIELD FUND HARTFORD MUTUAL FUNDS, INC | 2026-07-31 | $4.8M | $5.0M | $250K |
| T. Rowe Price U.S. High Yield Fund T. ROWE PRICE HIGH YIELD FUND, INC. | 2026-05-31 | $4.8M | $5.0M | $0 |
| BlackRock Systematic Multi-Strategy Fund BlackRock Funds IV | 2026-06-30 | $4.5M | $4.6M | -$3.9M |
| Impax High Yield Bond Fund IMPAX FUNDS SERIES TRUST I | 2026-06-30 | $4.5M | $4.6M | $0 |
| Buffalo High Yield Fund Buffalo Funds | 2026-06-30 | $4.5M | $4.6M | $0 |
| PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund PIMCO ETF Trust | 2026-06-30 | $4.4M | $4.6M | $491K |
| SIIT HIGH YIELD BOND FUND SEI INSTITUTIONAL INVESTMENTS TRUST | 2026-05-31 | $4.1M | $4.2M | -$325K |
| State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $3.7M | $3.9M | -$2.4M |
| Greenspring Income Opportunities Fund Manager Directed Portfolios | 2026-06-30 | $3.8M | $3.8M | $0 |
| FlexShares High Yield Value - Scored Bond Index Fund FlexShares Trust | 2026-07-31 | $3.5M | $3.6M | -$430K |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): THE HARTFORD BALANCED INCOME FUND ($1.4M), iShares Systematic Bond ETF ($1.1M), THRIVENT MODERATE ALLOCATION PORTFOLIO ($387K), Harbor Ares Systematic High Yield ETF ($300K), Harbor Ares Systematic Multi-Sector Income ETF ($200K), TCW Flexible Income ETF ($52K), State Street(R) My2029 High Yield Corporate Bond ETF ($35K).
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 | 2 | $18.5M | $18.9M | 0.07% |
| HYDB iShares High Yield Systematic Bond ETF | 2026-05-31 | 2 | $10.2M | $10.5M | 0.65% |
| SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 2026-07-31 | 2 | $7.8M | $7.9M | 0.10% |
| SPHY State Street(R) SPDR(R) Portfolio High Yield Bond ETF | 2026-06-30 | 1 | $7.7M | $7.9M | 0.07% |
| THYF T. Rowe Price U.S. High Yield ETF | 2026-05-31 | 1 | $7.3M | $7.6M | 0.94% |
| HYS PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund | 2026-06-30 | 2 | $4.4M | $4.6M | 0.27% |
| SJNK State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF | 2026-06-30 | 1 | $3.7M | $3.9M | 0.08% |
| HYGV FlexShares High Yield Value - Scored Bond Index Fund | 2026-07-31 | 2 | $3.5M | $3.6M | 0.33% |
| SRLN State Street(R) Blackstone Senior Loan ETF | 2026-06-30 | 1 | $2.4M | $2.4M | 0.05% |
| SCYB Schwab High Yield Bond ETF | 2026-05-31 | 2 | $2.2M | $2.3M | 0.09% |
| HYBL State Street(R) Blackstone High Income ETF | 2026-06-30 | 1 | $1.7M | $1.7M | 0.30% |
| IBHI iShares iBonds 2029 Term High Yield and Income ETF | 2026-07-31 | 2 | $1.6M | $1.7M | 0.33% |
| BHYB Xtrackers USD High Yield BB-B ex Financials ETF | 2026-05-31 | 2 | $1.6M | $1.6M | 0.07% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 2 | $1.1M | $1.1M | 0.00% |
| HFSI Hartford Strategic Income ETF | 2026-07-31 | 1 | $518K | $536K | 0.05% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 3.80: safer than 35% of companies (34th percentile in Industrials). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $1.05B |
| Debt barrier (short-term + ½ long-term debt) | $676.1M |
| Equity volatility (1 year) | 39.7% |
| Asset value / asset volatility (solved) | $1.69B / 24.5% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 298 bp spread prices in about 5.0% 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'' = 1.92 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in DLX'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 | 24 | $56.5M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 234 | $908.8M | 4 | $1.4M | 6 | $3.1M | 0 |
| 2026-03-31 | 241 | $940.2M | 5 | $2.6M | 5 | $3.6M | 0 |
| 2025-12-31 | 217 | $825.7M | 4 | $1.4M | 5 | $2.3M | 0 |
| 2025-09-30 | 200 | $729.4M | 6 | $2.9M | 6 | $2.4M | 0 |
| 2025-06-30 | 194 | $600.1M | 6 | $2.3M | 7 | $1.9M | 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.