Emera Incorporated bonds EMA
Who owns Emera Incorporated'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. EMA 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 |
|---|---|---|---|---|---|---|---|---|---|
| 29103HAC1 | 4.5% fixed | 2029-04-01 | USD | 98.91 | 4.94% | 69 bp | 12 | $7.7M | Jul 2026 |
| 290876AE1 | 4.838% fixed | 2030-05-02 | CAD | 102.35 | 4.15% | — | 2 | $2.7M | Jul 2026 |
| 29103HAD9 | 5.2% fixed | 2033-04-01 | USD | 98.07 | 5.55% | 111 bp | 11 | $2.7M | Jul 2026 |
| 29103HAA5 | 6.65% fixed | 2056-10-01 | USD | 100.66 | 6.60% | 150 bp | 33 | $82.9M | Jul 2026 |
| 29103HAB3 | 6.85% fixed | 2056-10-01 | USD | 100.79 | 6.79% | 169 bp | 29 | $63.5M | Jul 2026 |
| 290876AD3 | 6.75% fixed | 2076-06-15 | USD | 100.04 | 6.75% | 172 bp | 29 | $209.9M | 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 | 5 | $159.5M | 100.66 | 5.24% | 90 bp | 33 |
| Jun 2026 | 4 | $239.8M | 100.43 | 5.02% | 79 bp | 36 |
| May 2026 | 6 | $425.8M | 100.69 | 4.97% | 80 bp | 30 |
| Apr 2026 | 6 | $275.8M | 99.92 | 4.95% | 99 bp | 32 |
| Mar 2026 | 5 | $370.2M | 100.03 | 4.92% | 103 bp | 40 |
| Feb 2026 | 2 | $199.7M | 102.80 | — | — | 38 |
| Jan 2026 | 2 | $144.8M | 78.52 | — | — | 22 |
| Dec 2025 | 1 | $94.8M | 100.64 | — | — | 36 |
| Nov 2025 | 2 | $207.1M | 102.69 | — | — | 39 |
| Oct 2025 | 2 | $172.4M | 76.96 | — | — | 22 |
| Sep 2025 | 1 | $117.0M | 100.59 | — | — | 46 |
| Aug 2025 | 2 | $207.9M | 102.31 | — | — | 41 |
| Jul 2025 | 2 | $175.9M | 77.41 | — | — | 26 |
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. 38 added, 40 cut, 69 new holders and 57 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| JPMorgan Strategic Income Opportunities Fund JPMorgan Trust I | 2026-05-31 | $90.2M | $90.2M | new |
| JPMorgan Ultra-Short Income ETF J.P. Morgan Exchange-Traded Fund Trust | 2026-05-31 | $44.5M | $44.3M | new |
| Cohen & Steers Preferred Securities & Income Fund, Inc. COHEN & STEERS PREFERRED SECURITIES & INCOME FUND, INC. | 2026-06-30 | $41.7M | $42.5M | $0 |
| First Trust Preferred Securities and Income ETF First Trust Exchange-Traded Fund III | 2026-07-31 | $33.5M | $33.7M | $8.1M |
| Allspring Short-Term High Income Fund ALLSPRING FUNDS TRUST | 2026-05-31 | $28.6M | $28.6M | $0 |
| Lord Abbett Income Fund LORD ABBETT INVESTMENT TRUST | 2026-05-31 | $19.4M | $19.4M | $0 |
| Invesco Variable Rate Preferred ETF Invesco Exchange-Traded Fund Trust II | 2026-05-31 | $19.3M | $19.4M | $8.3M |
| Lord Abbett Short Duration Income Fund LORD ABBETT INVESTMENT TRUST | 2026-05-31 | $19.4M | $19.3M | new |
| Strategic Advisers Fidelity Short Duration Fund Fidelity Rutland Square Trust II | 2026-05-31 | $18.3M | $18.2M | new |
| Baird Short-Term Bond Fund Baird Funds Inc | 2026-06-30 | $18.1M | $17.9M | $0 |
| Federated Hermes Total Return Bond Fund Federated Hermes Total Return Series, Inc. | 2026-05-31 | $16.4M | $16.3M | new |
| Baird Intermediate Bond Fund Baird Funds Inc | 2026-06-30 | $15.0M | $14.9M | $0 |
| Lord Abbett Short Duration High Yield Fund LORD ABBETT TRUST I | 2026-07-31 | $14.7M | $14.8M | $0 |
| iShares Broad USD High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $14.3M | $14.4M | $604K |
| PIMCO Long Duration Credit Bond Portfolio PIMCO FUNDS | 2026-06-30 | $13.5M | $13.4M | $0 |
| JPMorgan Preferred and Income Securities Fund JPMorgan Trust IV | 2026-06-30 | $12.5M | $12.8M | -$1.8M |
| First Trust Intermediate Duration Preferred & Income Fund | 2026-07-31 | $12.6M | $12.7M | $2.3M |
| First Trust Institutional Preferred Securities and Income ETF First Trust Exchange-Traded Fund III | 2026-07-31 | $12.1M | $12.2M | $2.5M |
| NORTH SQUARE STRATEGIC INCOME FUND Exchange Place Advisors Trust | 2026-05-31 | $11.9M | $12.0M | $6.5M |
| Lord Abbett Core Plus Bond Fund LORD ABBETT INVESTMENT TRUST | 2026-05-31 | $11.5M | $11.5M | $0 |
| Spectrum Preferred and Capital Securities Income Fund Principal Funds, Inc | 2026-05-31 | $10.9M | $11.0M | new |
| PIMCO High Yield Fund PIMCO FUNDS | 2026-06-30 | $10.2M | $10.4M | $0 |
| PIMCO Total Return Fund PIMCO FUNDS | 2026-06-30 | $10.3M | $10.2M | $0 |
| Strategic Advisers Fidelity Core Income Fund Fidelity Rutland Square Trust II | 2026-05-31 | $10.1M | $10.1M | new |
| Brookfield Real Assets Income Fund Inc. | 2026-06-30 | $9.8M | $10.0M | -$550K |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Income Fund of America ($35.8M), Thornburg Strategic Income Fund ($35.0M), Thornburg Investment Income Builder Fund ($31.5M), American High Income Trust ($18.2M), Capital Income Builder ($15.3M), BlackRock Credit Allocation Income Trust ($7.5M), Income Fund ($5.6M), iShares Short Duration Bond Active ETF ($5.5M), Global Bond Fund ($5.5M), Eaton Vance Tax-Advantaged Dividend Income Fund ($5.5M).
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 | 1 | $44.5M | $44.3M | 0.12% |
| FPE First Trust Preferred Securities and Income ETF | 2026-07-31 | 2 | $33.5M | $33.7M | 0.53% |
| VRP Invesco Variable Rate Preferred ETF | 2026-05-31 | 3 | $19.3M | $19.4M | 0.67% |
| USHY iShares Broad USD High Yield Corporate Bond ETF | 2026-07-31 | 2 | $14.3M | $14.4M | 0.05% |
| FPEI First Trust Institutional Preferred Securities and Income ETF | 2026-07-31 | 2 | $12.1M | $12.2M | 0.63% |
| JCPB JPMorgan Core Plus Bond ETF | 2026-05-31 | 1 | $5.0M | $5.0M | 0.04% |
| PREF Principal Spectrum Preferred Securities Active ETF | 2026-06-30 | 1 | $4.0M | $4.1M | 0.23% |
| SPSB State Street(R) SPDR(R) Portfolio Short Term Corporate Bond ETF | 2026-06-30 | 1 | $3.8M | $3.8M | 0.04% |
| KORP American Century Diversified Corporate Bond ETF | 2026-05-31 | 2 | $3.5M | $3.5M | 0.43% |
| SPIB State Street(R) SPDR(R) Portfolio Intermediate Term Corporate Bond ETF | 2026-06-30 | 2 | $3.4M | $3.4M | 0.03% |
| SPHY State Street(R) SPDR(R) Portfolio High Yield Bond ETF | 2026-06-30 | 2 | $3.2M | $3.3M | 0.03% |
| IBDU iShares iBonds Dec 2029 Term Corporate ETF | 2026-07-31 | 1 | $3.1M | $3.0M | 0.07% |
| CSPF Cohen & Steers Preferred and Income Opportunities Active ETF | 2026-06-30 | 2 | $2.7M | $2.8M | 1.01% |
| FIXD First Trust Smith Opportunistic Fixed Income ETF | 2026-05-31 | 1 | $2.7M | $2.7M | 0.08% |
| UCON First Trust Smith Unconstrained Bond ETF | 2026-05-31 | 1 | $2.5M | $2.5M | 0.08% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 10.35: safer than 82% of companies (86th percentile in Utilities). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $14.31B |
| Debt barrier (short-term + ½ long-term debt) | $8.75B |
| Equity volatility (1 year) | 15.2% |
| Asset value / asset volatility (solved) | $22.70B / 9.6% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 90 bp spread prices in about 1.5% 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'' = 0.65 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in EMA'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 | 15 | $251.3M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 216 | $8.67B | 6 | $6.9M | 9 | $78.6M | 0 |
| 2026-03-31 | 197 | $7.49B | 4 | $45.3M | 5 | $63.8M | 0 |
| 2025-12-31 | 171 | $7.59B | 4 | $46.8M | 5 | $59.6M | 0 |
| 2025-09-30 | 162 | $7.44B | 4 | $59.2M | 4 | $42.0M | 0 |
| 2025-06-30 | 132 | $7.09B | 4 | $27.0M | 4 | $53.4M | 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.