Ero Copper Corp. bonds ERO
Who owns Ero Copper 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. ERO 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 |
|---|---|---|---|---|---|---|---|---|---|
| 296006AA7 | 6.5% fixed | 2030-02-15 | USD | 100.02 | 6.49% | 221 bp | 15 | $41.2M | Jul 2026 |
| C3328LAA7 | 6.5% fixed | 2030-02-15 | USD | 99.89 | 6.53% | 236 bp | 1 | $300K | Jun 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 | 1 | $41.2M | 100.02 | 6.49% | 221 bp | 15 |
| Jun 2026 | 2 | $48.6M | 99.89 | 6.53% | 236 bp | 28 |
| May 2026 | 1 | $18.5M | 100.18 | 6.44% | 236 bp | 17 |
| Apr 2026 | 1 | $41.7M | 99.73 | 6.58% | 271 bp | 16 |
| Mar 2026 | 1 | $54.1M | 99.00 | 6.79% | 301 bp | 29 |
| Feb 2026 | 1 | $18.7M | 100.52 | 6.35% | 275 bp | 17 |
| Jan 2026 | 1 | $40.7M | 100.87 | 6.25% | 255 bp | 16 |
| Dec 2025 | 1 | $50.4M | 100.27 | 6.42% | 279 bp | 27 |
| Nov 2025 | 2 | $22.8M | 100.32 | 6.41% | 278 bp | 14 |
| Oct 2025 | 1 | $39.8M | 99.41 | 6.66% | 305 bp | 16 |
| Sep 2025 | 1 | $49.7M | 99.48 | 6.64% | 301 bp | 22 |
| Aug 2025 | 1 | $29.0M | 97.49 | 7.17% | 341 bp | 17 |
| Jul 2025 | 1 | $37.5M | 98.31 | 6.94% | 301 bp | 17 |
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. 14 added, 7 cut, 1 new holders and 2 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| BlackRock High Yield Portfolio BlackRock Funds V | 2026-06-30 | $23.2M | $23.2M | $2.0M |
| Fidelity Capital and Income Fund Fidelity Summer Street Trust | 2026-07-31 | $10.7M | $10.7M | $0 |
| Credit Suisse Strategic Income Fund CREDIT SUISSE OPPORTUNITY FUNDS | 2026-07-31 | $7.3M | $7.3M | $0 |
| Fidelity High Income Central Fund Fidelity Central Investment Portfolios LLC | 2026-05-31 | $7.1M | $7.1M | $0 |
| Fidelity Advisor Strategic Income Fund Fidelity Advisor Series II | 2026-06-30 | $4.9M | $4.9M | $725K |
| Fidelity High Income Fund Fidelity Summer Street Trust | 2026-07-31 | $4.5M | $4.5M | $0 |
| Fidelity Series High Income Fund Fidelity Summer Street Trust | 2026-07-31 | $4.3M | $4.3M | $0 |
| Fidelity SAI High Income Fund Fidelity Summer Street Trust | 2026-07-31 | $4.0M | $4.0M | $180K |
| BlackRock High Yield V.I. Fund BlackRock Variable Series Funds II, Inc. | 2026-06-30 | $3.6M | $3.6M | $1.2M |
| Fidelity Total Bond Fund Fidelity Income Fund | 2026-05-31 | $3.2M | $3.2M | $0 |
| CREDIT SUISSE HIGH YIELD CREDIT FUND | 2026-07-31 | $3.0M | $3.0M | $0 |
| BlackRock Corporate High Yield Fund, Inc. | 2026-06-30 | $2.6M | $2.6M | $0 |
| VIP High Income Portfolio Variable Insurance Products Fund | 2026-06-30 | $2.5M | $2.5M | $0 |
| BrandywineGLOBAL - Flexible Bond Fund Legg Mason Global Asset Management Trust | 2026-06-30 | $2.1M | $2.1M | $0 |
| BlackRock Multi-Asset Income Portfolio BlackRock Funds II | 2026-07-31 | $2.0M | $2.0M | $0 |
| CREDIT SUISSE ASSET MANAGEMENT INCOME FUND, INC. | 2026-06-30 | $2.0M | $2.0M | $0 |
| Fidelity Total Bond ETF Fidelity Merrimack Street Trust | 2026-05-31 | $2.0M | $2.0M | $100K |
| Fidelity SAI Total Bond Fund Fidelity Salem Street Trust | 2026-05-31 | $1.7M | $1.7M | -$50K |
| Fidelity Advisor Capital and Income Fund Fidelity Advisor Series I | 2026-07-31 | $1.6M | $1.6M | $0 |
| Six Circles Credit Opportunities Fund SIX CIRCLES TRUST | 2026-06-30 | $1.5M | $1.5M | $0 |
| BlackRock High Yield Portfolio Brighthouse Funds Trust I | 2026-06-30 | $1.5M | $1.5M | $0 |
| Fidelity Advisor Limited Term Bond Fund Fidelity Advisor Series II | 2026-05-31 | $1.1M | $1.1M | $95K |
| Fidelity Short Duration High Income Fund Fidelity Summer Street Trust | 2026-07-31 | $915K | $915K | $0 |
| Old Westbury Credit Income Fund Old Westbury Funds Inc | 2026-07-31 | $900K | $898K | $0 |
| Strategic Advisers Fidelity Core Income Fund Fidelity Rutland Square Trust II | 2026-05-31 | $880K | $882K | -$160K |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Fidelity Advisor Multi-Asset Income Fund ($10.5M), Credit Suisse Floating Rate High Income Fund ($975K).
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 |
|---|---|---|---|---|---|
| FBND Fidelity Total Bond ETF | 2026-05-31 | 1 | $2.0M | $2.0M | 0.01% |
| HYS PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund | 2026-06-30 | 1 | $800K | $800K | 0.05% |
| FSYD Fidelity Sustainable High Yield ETF | 2026-05-31 | 1 | $520K | $521K | 0.42% |
| HYEM VanEck Emerging Markets High Yield Bond ETF | 2026-07-31 | 1 | $350K | $350K | 0.07% |
| NEAR iShares Short Duration Bond Active ETF | 2026-07-31 | 1 | $153K | $153K | 0.00% |
| FLTB Fidelity Limited Term Bond ETF | 2026-05-31 | 1 | $145K | $145K | 0.04% |
| FTBD Fidelity Tactical Bond ETF | 2026-05-31 | 1 | $11K | $11K | 0.03% |
| APCB ActivePassive Core Bond ETF | 2026-05-31 | 1 | $6K | $6K | 0.00% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 4.19: safer than 40% of companies (46th percentile in Basic Materials). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $3.59B |
| Debt barrier (short-term + ½ long-term debt) | $294.5M |
| Equity volatility (1 year) | 63.0% |
| Asset value / asset volatility (solved) | $3.87B / 58.4% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 221 bp spread prices in about 3.7% 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'' = 4.36 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in ERO'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 | 18 | $46.9M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 203 | $1.82B | 13 | $35.3M | 16 | $128.5M | 0 |
| 2026-03-31 | 179 | $1.56B | 13 | $42.8M | 17 | $177.5M | 0 |
| 2025-12-31 | 149 | $1.66B | 11 | $14.7M | 14 | $118.6M | 0 |
| 2025-09-30 | 136 | $1.08B | 9 | $6.4M | 13 | $48.1M | 0 |
| 2025-06-30 | 115 | $931.4M | 8 | $7.8M | 12 | $16.5M | 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.