Element Fleet Management Corp. bonds EFN.TO
Who owns Element Fleet Management Corp.'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. EFN.TO 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 |
|---|---|---|---|---|---|---|---|---|---|
| 286181AM4 | 5.643% fixed | 2027-03-13 | USD | 100.55 | 4.72% | 84 bp | 19 | $39.9M | Jul 2026 |
| 286181AK8 | 6.319% fixed | 2028-12-04 | USD | 103.17 | 4.87% | 63 bp | 11 | $29.7M | Jul 2026 |
| 286181AT9 | 4.8% fixed | 2029-05-29 | USD | 99.39 | 5.03% | 78 bp | 29 | $41.2M | Jul 2026 |
| 286181AP7 | 5.037% fixed | 2030-03-25 | USD | 99.57 | 5.17% | 88 bp | 19 | $59.0M | Jul 2026 |
| 286181AR3 | 4.641% fixed | 2030-11-24 | USD | 97.94 | 5.18% | 87 bp | 22 | $44.0M | 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 | 5 | $213.8M | 99.57 | 5.10% | 83 bp | 29 |
| Jun 2026 | 5 | $446.5M | 100.57 | 4.88% | 72 bp | 53 |
| May 2026 | 7 | $298.0M | 100.17 | 4.76% | 70 bp | 19 |
| Apr 2026 | 5 | $216.0M | 100.98 | 4.73% | 86 bp | 23 |
| Mar 2026 | 5 | $527.8M | 100.84 | 4.78% | 99 bp | 56 |
| Feb 2026 | 5 | $393.0M | 101.47 | 4.27% | 72 bp | 25 |
| Jan 2026 | 5 | $226.6M | 101.59 | 4.37% | 72 bp | 25 |
| Dec 2025 | 5 | $547.8M | 101.71 | 4.37% | 78 bp | 56 |
| Nov 2025 | 5 | $373.4M | 101.76 | 4.37% | 77 bp | 24 |
| Oct 2025 | 4 | $177.2M | 101.99 | 4.33% | 80 bp | 23 |
| Sep 2025 | 4 | $488.3M | 101.95 | 4.31% | 75 bp | 54 |
| Aug 2025 | 5 | $353.3M | 101.88 | 4.36% | 68 bp | 24 |
| Jul 2025 | 5 | $191.7M | 101.28 | 4.73% | 81 bp | 24 |
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. 61 added, 56 cut, 18 new holders and 14 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| JPMorgan Ultra-Short Income ETF J.P. Morgan Exchange-Traded Fund Trust | 2026-05-31 | $106.8M | $107.6M | -$77.9M |
| Baird Core Plus Bond Fund Baird Funds Inc | 2026-06-30 | $76.5M | $78.1M | -$15.6M |
| JPMorgan Core Bond Fund JPMorgan Trust II | 2026-05-31 | $55.9M | $57.1M | -$25.3M |
| Baird Short-Term Bond Fund Baird Funds Inc | 2026-06-30 | $47.1M | $47.5M | $31.1M |
| Baird Aggregate Bond Fund Baird Funds Inc | 2026-06-30 | $33.9M | $34.4M | -$40.0M |
| MFS Limited Maturity Fund MFS Series Trust IX | 2026-07-31 | $34.4M | $34.3M | $7.0M |
| MFS Corporate Bond Fund MFS Series Trust IX | 2026-07-31 | $30.1M | $30.6M | $0 |
| Baird Intermediate Bond Fund Baird Funds Inc | 2026-06-30 | $22.6M | $23.1M | $0 |
| Transamerica Short-Term Bond TRANSAMERICA FUNDS | 2026-07-31 | $19.2M | $19.2M | $7.2M |
| Baird Ultra Short Bond Fund Baird Funds Inc | 2026-06-30 | $19.0M | $19.1M | $2.8M |
| Victory Pioneer Bond Fund Victory Portfolios IV | 2026-06-30 | $19.1M | $19.1M | $2.3M |
| First Trust Smith Unconstrained Bond ETF First Trust Exchange-Traded Fund VIII | 2026-05-31 | $18.4M | $18.3M | $5.9M |
| DoubleLine Low Duration Bond Fund DoubleLine Funds Trust | 2026-06-30 | $17.6M | $17.9M | $2.7M |
| VANGUARD WELLINGTON FUND | 2026-05-31 | $14.9M | $15.0M | $0 |
| Guggenheim Limited Duration Fund Guggenheim Funds Trust | 2026-06-30 | $14.4M | $14.4M | $50K |
| iShares 1-5 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $13.7M | $13.9M | -$585K |
| VANGUARD WELLESLEY INCOME FUND | 2026-06-30 | $12.9M | $13.0M | $0 |
| Hartford Dynamic Bond Fund HARTFORD MUTUAL FUNDS, INC | 2026-07-31 | $12.9M | $12.7M | $1.7M |
| JPMorgan Managed Income Fund JPMorgan Trust I | 2026-05-31 | $12.4M | $12.5M | -$5.3M |
| Bridge Builder Core Bond Fund Bridge Builder Trust | 2026-06-30 | $12.2M | $12.4M | -$7.5M |
| Dimensional Short-Duration Fixed Income ETF Dimensional ETF Trust | 2026-07-31 | $11.4M | $11.4M | $0 |
| Nationwide Strategic Income Fund Nationwide Mutual Funds | 2026-07-31 | $11.0M | $11.0M | $1.3M |
| T. Rowe Price Short-Term Bond Fund, Inc. T. ROWE PRICE SHORT-TERM BOND FUND, INC. | 2026-05-31 | $10.6M | $10.7M | $1.8M |
| DFA Short-Term Extended Quality Portfolio DFA INVESTMENT DIMENSIONS GROUP INC | 2026-07-31 | $10.4M | $10.1M | -$1.3M |
| DoubleLine Core Fixed Income Fund DoubleLine Funds Trust | 2026-06-30 | $9.1M | $9.3M | $0 |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Ultra-Short Fixed Income Fund ($9.7M), PIMCO Commodity Strategy Active Exchange-Traded Fund ($6.9M), T. Rowe Price New Income Fund, Inc. ($6.8M), FlexShares Ultra-Short Income Fund ($2.8M), Thornburg Ultra Short Income Fund ($1.2M), Short Bond Fund ($1.1M), Investment Grade Bond Fund ($494K), MFS MULTIMARKET INCOME TRUST ($491K), VOYA LIMITED MATURITY BOND PORTFOLIO ($242K), T. Rowe Price Spectrum Conservative Allocation Fund ($160K).
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 |
|---|---|---|---|---|---|
| JPST JPMorgan Ultra-Short Income ETF | 2026-05-31 | 2 | $106.8M | $107.6M | 0.28% |
| UCON First Trust Smith Unconstrained Bond ETF | 2026-05-31 | 2 | $18.4M | $18.3M | 0.56% |
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 4 | $13.7M | $13.9M | 0.06% |
| DFSD Dimensional Short-Duration Fixed Income ETF | 2026-07-31 | 3 | $11.4M | $11.4M | 0.16% |
| VNLA Janus Henderson Short Duration Income ETF | 2026-07-31 | 1 | $9.3M | $9.2M | 0.28% |
| USTB VictoryShares Short-Term Bond ETF | 2026-06-30 | 3 | $8.7M | $8.7M | 0.39% |
| MINT PIMCO Enhanced Short Maturity Active Exchange-Traded Fund | 2026-06-30 | 1 | $7.1M | $7.2M | 0.04% |
| USIG iShares Broad USD Investment Grade Corporate Bond ETF | 2026-05-31 | 4 | $4.9M | $5.0M | 0.03% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 4 | $3.4M | $3.4M | 0.01% |
| GSST Goldman Sachs Ultra Short Bond ETF | 2026-05-31 | 1 | $3.0M | $3.0M | 0.20% |
| GSY Invesco Ultra Short Duration ETF | 2026-07-31 | 1 | $2.6M | $2.6M | 0.07% |
| TOTL State Street(R) DoubleLine(R) Total Return Tactical ETF | 2026-06-30 | 2 | $2.5M | $2.5M | 0.06% |
| TAGG T. Rowe Price QM U.S. Bond ETF | 2026-07-31 | 1 | $2.6M | $2.5M | 0.11% |
| STOT State Street(R) DoubleLine(R) Short Duration Total Return Tactical ETF | 2026-06-30 | 2 | $2.0M | $2.0M | 0.42% |
| JSCP JPMorgan Short Duration Core Plus ETF | 2026-05-31 | 1 | $1.8M | $1.9M | 0.13% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 4.53: safer than 44% of companies (42th percentile in Industrials). Market-implied, prices to 2026-10-19, balance sheet 2026-06-30.
| Equity value | $5.95B |
| Debt barrier (short-term + ½ long-term debt) | $4.70B |
| Equity volatility (1 year) | 32.0% |
| Asset value / asset volatility (solved) | $10.46B / 18.2% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 83 bp spread prices in about 1.4% 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'' = 4.89 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in EFN.TO'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 | 2 | $82.7M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 5 | $113.9M | 0 | — | 0 | — | 0 |
| 2026-03-31 | 4 | $99.2M | 0 | — | 0 | — | 0 |
| 2025-12-31 | 5 | $144.6M | 0 | — | 0 | — | 0 |
| 2025-09-30 | 3 | $111.8M | 0 | — | 0 | — | 0 |
| 2025-06-30 | 4 | $108.8M | 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.