GrafTech International Ltd. bonds EAF
Who owns GrafTech International Ltd.'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. EAF 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 |
|---|---|---|---|---|---|---|---|---|---|
| 384311AC0 | 4.625% fixed | 2029-12-23 | USD | 60.22 | 21.80% | 1752 bp | 10 | $9.5M | Jul 2026 |
| 38431AAB2 | 9.875% fixed | 2029-12-23 | USD | 70.35 | 22.88% | 1860 bp | 13 | $35.3M | 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 | 2 | $44.8M | 65.28 | 22.34% | 1806 bp | 13 |
| Jun 2026 | 2 | $85.8M | 68.70 | 20.17% | 1600 bp | 31 |
| May 2026 | 2 | $39.6M | 74.72 | 16.96% | 1289 bp | 11 |
| Apr 2026 | 2 | $45.8M | 69.37 | 19.30% | 1544 bp | 13 |
| Mar 2026 | 2 | $74.4M | 59.75 | 24.17% | 2040 bp | 33 |
| Feb 2026 | 2 | $39.0M | 53.94 | 27.42% | 2384 bp | 13 |
| Jan 2026 | 2 | $57.9M | 79.82 | 14.13% | 1045 bp | 16 |
| Dec 2025 | 2 | $101.2M | 80.76 | 13.65% | 1003 bp | 34 |
| Nov 2025 | 2 | $59.7M | 80.90 | 13.48% | 987 bp | 13 |
| Oct 2025 | 2 | $55.7M | 81.20 | 13.27% | 967 bp | 16 |
| Sep 2025 | 2 | $103.9M | 77.81 | 14.42% | 1080 bp | 33 |
| Aug 2025 | 2 | $56.4M | 78.18 | 14.16% | 1041 bp | 13 |
| Jul 2025 | 2 | $43.4M | 79.80 | 13.48% | 957 bp | 16 |
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. 6 added, 16 cut, 2 new holders and 8 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| Lord Abbett Short Duration High Yield Fund LORD ABBETT TRUST I | 2026-07-31 | $33.3M | $23.5M | -$3.3M |
| AMG Yacktman Focused Fund AMG Funds | 2026-06-30 | $33.0M | $22.5M | $0 |
| PGIM High Yield Fund Prudential Investment Portfolios, Inc. 15 | 2026-05-29 | $28.6M | $19.8M | -$15.4M |
| LORD ABBETT BOND DEBENTURE FUND INC | 2026-06-30 | $25.9M | $19.1M | $0 |
| Guggenheim Macro Opportunities Fund Guggenheim Funds Trust | 2026-06-30 | $16.5M | $11.1M | $0 |
| iShares Broad USD High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $16.0M | $10.4M | $742K |
| Lord Abbett High Yield Fund LORD ABBETT INVESTMENT TRUST | 2026-05-31 | $8.9M | $7.1M | $0 |
| BlackRock High Yield Portfolio BlackRock Funds V | 2026-06-30 | $8.5M | $6.2M | $0 |
| State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $7.5M | $4.8M | $2.1M |
| State Street(R) SPDR(R) Portfolio High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $6.9M | $4.7M | $75K |
| iShares 0-5 Year High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $7.2M | $4.7M | new |
| Guggenheim Strategic Opportunities Fund | 2026-05-29 | $5.5M | $4.0M | $0 |
| Guggenheim Total Return Bond Fund Guggenheim Funds Trust | 2026-06-30 | $3.1M | $2.3M | $0 |
| Western Asset Diversified Income Fund | 2026-06-30 | $3.0M | $2.2M | $1.5M |
| Guggenheim Active Allocation Fund | 2026-05-29 | $3.2M | $2.2M | $0 |
| NYLIM Floating Rate Fund NYLIM FUNDS TRUST | 2026-07-31 | $2.5M | $1.7M | $0 |
| Guggenheim Floating Rate Strategies Fund Guggenheim Funds Trust | 2026-06-30 | $2.1M | $1.6M | $0 |
| BondBloxx CCC Rated USD High Yield Corporate Bond ETF BondBloxx ETF Trust | 2026-07-31 | $2.4M | $1.5M | -$555K |
| Fidelity High Income Central Fund Fidelity Central Investment Portfolios LLC | 2026-05-31 | $1.9M | $1.5M | $0 |
| BNY Mellon Floating Rate Income Fund BNY Mellon Investment Funds IV, Inc. | 2026-05-31 | $2.0M | $1.4M | $0 |
| Schwab High Yield Bond ETF SCHWAB STRATEGIC TRUST | 2026-05-31 | $1.6M | $1.2M | $0 |
| Transamerica High Yield Bond TRANSAMERICA FUNDS | 2026-07-31 | $1.5M | $1.1M | -$550K |
| BNY Mellon High Yield Fund BNY Mellon Investment Funds III | 2026-06-30 | $1.5M | $1.0M | -$970K |
| Bond-Debenture Portfolio LORD ABBETT SERIES FUND INC | 2026-06-30 | $1.4M | $1.0M | $0 |
| High Income Fund American Century Investment Trust | 2026-06-30 | $1.2M | $906K | $0 |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): PIA High Yield MACS Fund ($2.4M), Invesco BulletShares 2029 High Yield Corporate Bond ETF ($1.8M), PIA High Yield Fund ($1.2M), SIMT Multi-Strategy Alternatives Fund ($1.1M), SIIT HIGH YIELD BOND FUND ($711K), BlackRock Multi-Sector Income Trust ($170K), GoldenTree Opportunistic Credit Fund ($112K), BlackRock Core Bond Trust ($82K).
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 | $16.0M | $10.4M | 0.04% |
| SJNK State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF | 2026-06-30 | 1 | $7.5M | $4.8M | 0.10% |
| SPHY State Street(R) SPDR(R) Portfolio High Yield Bond ETF | 2026-06-30 | 2 | $6.9M | $4.7M | 0.04% |
| SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 2026-07-31 | 2 | $7.2M | $4.7M | 0.06% |
| XCCC BondBloxx CCC Rated USD High Yield Corporate Bond ETF | 2026-07-31 | 2 | $2.4M | $1.5M | 0.59% |
| SCYB Schwab High Yield Bond ETF | 2026-05-31 | 2 | $1.6M | $1.2M | 0.05% |
| PHYL PGIM Active High Yield Bond ETF | 2026-05-29 | 1 | $1.0M | $727K | 0.06% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 2 | $920K | $600K | 0.00% |
| BBHY JPMorgan BetaBuilders USD High Yield Corporate Bond ETF | 2026-05-31 | 2 | $410K | $287K | 0.05% |
| FLBL Franklin Senior Loan ETF | 2026-06-30 | 1 | $400K | $256K | 0.03% |
| ISTB iShares Core 1-5 Year USD Bond ETF | 2026-07-31 | 2 | $325K | $212K | 0.00% |
| TOTL State Street(R) DoubleLine(R) Total Return Tactical ETF | 2026-06-30 | 1 | $185K | $118K | 0.00% |
| SIHY Harbor Ares Systematic High Yield ETF | 2026-07-31 | 1 | $138K | $97K | 0.07% |
| GHYB Goldman Sachs Access High Yield Corporate Bond ETF | 2026-05-31 | 1 | $120K | $93K | 0.07% |
| JHHY John Hancock High Yield ETF | 2026-06-30 | 1 | $117K | $86K | 0.10% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 0.49: safer than 5% of companies (4th percentile in Industrials). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $192.4M |
| Debt barrier (short-term + ½ long-term debt) | $599.3M |
| Equity volatility (1 year) | 110.4% |
| Asset value / asset volatility (solved) | $731.7M / 36.2% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 1806 bp spread prices in about 30.1% 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 = -0.71 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in EAF'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 | 9 | $239K | 0 | — | 0 | — | 0 |
| 2026-06-30 | 88 | $62.1M | 4 | $280K | 6 | $759K | 0 |
| 2026-03-31 | 75 | $60.8M | 2 | $243K | 6 | $559K | 0 |
| 2025-12-31 | 80 | $154.4M | 3 | $485K | 9 | $7.0M | 0 |
| 2025-09-30 | 86 | $134.8M | 4 | $761K | 9 | $11.2M | 0 |
| 2025-06-30 | 125 | $95.9M | 4 | $58K | 5 | $123K | 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.