Encompass Health Corporation bonds EHC
Who owns Encompass Health 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. EHC 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 |
|---|---|---|---|---|---|---|---|---|---|
| 29261AAA8 | 4.5% fixed | 2028-02-01 | USD | 98.94 | 5.24% | 110 bp | 35 | $39.0M | Jul 2026 |
| 29261AAB6 | 4.75% fixed | 2030-02-01 | USD | 97.81 | 5.44% | 117 bp | 32 | $66.1M | Jul 2026 |
| 29261AAE0 | 4.625% fixed | 2031-04-01 | USD | 96.23 | 5.55% | 123 bp | 23 | $35.4M | Jul 2026 |
| 29261AAF7 | 5.875% fixed | 2034-06-01 | USD | 99.03 | 6.03% | 153 bp | 35 | $65.2M | 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 |
|---|---|---|---|---|---|---|
| Aug 2026 partial: filings still arriving | 1 | $60K | 99.55 | 5.95% | 139 bp | 1 |
| Jul 2026 | 4 | $205.7M | 98.38 | 5.50% | 120 bp | 35 |
| Jun 2026 | 4 | $136.9M | 98.91 | 5.33% | 115 bp | 63 |
| May 2026 | 4 | $122.8M | 98.99 | 5.31% | 120 bp | 24 |
| Apr 2026 | 3 | $178.5M | 98.45 | 5.21% | 132 bp | 36 |
| Mar 2026 | 3 | $86.5M | 97.88 | 5.37% | 158 bp | 22 |
| Feb 2026 | 3 | $128.6M | 99.46 | 4.90% | 131 bp | 25 |
| Jan 2026 | 3 | $197.1M | 99.53 | 4.88% | 121 bp | 42 |
| Dec 2025 | 3 | $97.8M | 99.70 | 4.83% | 120 bp | 31 |
| Nov 2025 | 3 | $135.1M | 99.67 | 4.84% | 121 bp | 26 |
| Oct 2025 | 3 | $192.5M | 98.93 | 5.03% | 142 bp | 39 |
| Sep 2025 | 3 | $94.4M | 98.88 | 5.04% | 142 bp | 30 |
| Aug 2025 | 4 | $127.8M | 98.82 | 5.11% | 136 bp | 25 |
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. 48 added, 48 cut, 84 new holders and 7 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| NYLIM MacKay High Yield Corporate Bond Fund NYLIM FUNDS | 2026-07-31 | $39.2M | $38.3M | -$11.2M |
| iShares Broad USD High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $34.8M | $34.0M | -$2K |
| iShares iBoxx $ High Yield Corporate Bond ETF iShares Trust | 2026-05-31 | $28.3M | $27.9M | $3.8M |
| American High Income Trust | 2026-06-30 | $20.3M | $20.2M | $9.4M |
| Income Fund of America | 2026-07-31 | $18.7M | $18.5M | $385K |
| VANGUARD HIGH-YIELD CORPORATE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $18.2M | $18.0M | new |
| JPMorgan High Yield Fund JPMorgan Trust II | 2026-05-31 | $15.3M | $15.1M | -$9.7M |
| NYLIM VP MacKay High Yield Corporate Bond Portfolio NYLIM VP FUNDS TRUST | 2026-06-30 | $14.3M | $14.0M | -$2.8M |
| JPMorgan Income Fund JPMorgan Trust I | 2026-05-31 | $14.1M | $13.8M | -$2.4M |
| iShares 0-5 Year High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $13.4M | $13.1M | -$2.9M |
| MFS High Income Fund MFS Series Trust III | 2026-07-31 | $12.6M | $12.3M | $3.6M |
| American Funds Multi-Sector Income Fund | 2026-06-30 | $12.3M | $12.3M | new |
| State Street(R) SPDR(R) Portfolio High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $10.4M | $10.2M | -$4K |
| Federated Hermes Institutional High Yield Bond Fund Federated Hermes Institutional Trust | 2026-07-31 | $9.4M | $9.4M | new |
| T. Rowe Price High Yield Fund, Inc. T. ROWE PRICE HIGH YIELD FUND, INC. | 2026-05-31 | $8.7M | $8.7M | new |
| JPMorgan Income ETF J.P. Morgan Exchange-Traded Fund Trust | 2026-05-31 | $7.9M | $7.7M | $1.1M |
| JPMorgan Income Builder Fund JPMorgan Trust I | 2026-07-31 | $7.1M | $6.9M | $71K |
| PIMCO High Yield Fund PIMCO FUNDS | 2026-06-30 | $6.7M | $6.7M | new |
| Shenkman Capital Short Duration High Income Fund Advisors Series Trust | 2026-06-30 | $6.3M | $6.2M | -$3.0M |
| Xtrackers USD High Yield Corporate Bond ETF DBX ETF Trust | 2026-05-29 | $6.1M | $6.1M | -$378K |
| JPMorgan Active High Yield ETF J.P. Morgan Exchange-Traded Fund Trust | 2026-05-31 | $5.9M | $5.9M | $114K |
| First Trust Tactical High Yield ETF First Trust Exchange-Traded Fund IV | 2026-07-31 | $5.7M | $5.6M | new |
| JPMorgan Core Plus Bond Fund JPMorgan Trust II | 2026-05-31 | $5.5M | $5.4M | -$427K |
| State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $5.4M | $5.4M | -$1.2M |
| Allspring Diversified Capital Builder Fund ALLSPRING FUNDS TRUST | 2026-06-30 | $5.5M | $5.3M | $0 |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): American Beacon SiM High Yield Opportunities Fund ($16.8M), Eaton Vance Ltd Duration Income Fund ($1.3M), State Street(R) Blackstone High Income ETF ($1.0M), THRIVENT MODERATE ALLOCATION PORTFOLIO ($256K), BlackRock Global Allocation Fund, Inc. ($100K), AllianceBernstein Global High Income Fund Inc ($58K), State Street(R) My2028 High Yield Corporate Bond ETF ($45K).
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 | 4 | $34.8M | $34.0M | 0.12% |
| HYG iShares iBoxx $ High Yield Corporate Bond ETF | 2026-05-31 | 4 | $28.3M | $27.9M | 0.17% |
| SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 2026-07-31 | 3 | $13.4M | $13.1M | 0.17% |
| SPHY State Street(R) SPDR(R) Portfolio High Yield Bond ETF | 2026-06-30 | 3 | $10.4M | $10.2M | 0.09% |
| JPIE JPMorgan Income ETF | 2026-05-31 | 3 | $7.9M | $7.7M | 0.09% |
| HYLB Xtrackers USD High Yield Corporate Bond ETF | 2026-05-29 | 4 | $6.1M | $6.1M | 0.17% |
| JPHY JPMorgan Active High Yield ETF | 2026-05-31 | 1 | $5.9M | $5.9M | 0.27% |
| HYLS First Trust Tactical High Yield ETF | 2026-07-31 | 1 | $5.7M | $5.6M | 0.35% |
| SJNK State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF | 2026-06-30 | 2 | $5.4M | $5.4M | 0.11% |
| BHYB Xtrackers USD High Yield BB-B ex Financials ETF | 2026-05-31 | 4 | $4.6M | $4.5M | 0.19% |
| CGMS Capital Group U.S. Multi-Sector Income ETF | 2026-06-30 | 1 | $3.7M | $3.7M | 0.07% |
| SCYB Schwab High Yield Bond ETF | 2026-05-31 | 3 | $3.5M | $3.4M | 0.14% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 4 | $3.0M | $2.9M | 0.01% |
| JCPB JPMorgan Core Plus Bond ETF | 2026-05-31 | 3 | $2.8M | $2.8M | 0.02% |
| JNK State Street(R) SPDR(R) Bloomberg High Yield Bond ETF | 2026-06-30 | 1 | $2.6M | $2.5M | 0.03% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 8.96: safer than 77% of companies (74th percentile in Healthcare). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $12.04B |
| Debt barrier (short-term + ½ long-term debt) | $1.33B |
| Equity volatility (1 year) | 28.5% |
| Asset value / asset volatility (solved) | $13.32B / 25.8% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 120 bp spread prices in about 2.0% 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'' = 2.57 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in EHC'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 | 67 | $279.8M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 585 | $8.83B | 9 | $11.5M | 9 | $11.9M | 0 |
| 2026-03-31 | 557 | $6.95B | 8 | $15.1M | 6 | $36.0M | 0 |
| 2025-12-31 | 578 | $8.73B | 4 | $4.9M | 3 | $2.3M | 1 |
| 2025-09-30 | 592 | $10.84B | 4 | $6.5M | 4 | $9.0M | 1 |
| 2025-06-30 | 595 | $10.91B | 4 | $1.8M | 7 | $12.7M | 1 |
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.