Franklin BSP Realty Trust, Inc. bonds FBRT
Who owns Franklin BSP Realty Trust, Inc.'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. FBRT 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 |
|---|---|---|---|---|---|---|---|---|---|
| 35243JAC5 | 7.833% floating | 2028-04-25 | USD | 100.39 | — | — | 1 | $25.1M | Jul 2026 |
| 35243JAA9 | 8.25% fixed | 2030-04-25 | USD | 99.36 | 8.45% | 416 bp | 1 | $5.0M | 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 | 2 | $30.1M | 99.88 | 8.45% | 416 bp | 1 |
| Jun 2026 | 1 | $15.0M | 100.06 | 8.23% | 405 bp | 1 |
| Apr 2026 | 2 | $30.2M | 100.43 | 8.20% | 432 bp | 1 |
| Mar 2026 | 1 | $15.0M | 99.90 | 8.28% | 448 bp | 1 |
| Jan 2026 | 2 | $30.3M | 101.08 | 7.97% | 425 bp | 1 |
| Dec 2025 | 1 | $15.1M | 100.95 | 7.98% | 433 bp | 1 |
| Oct 2025 | 2 | $30.2M | 100.79 | 8.04% | 442 bp | 1 |
| Sep 2025 | 1 | $15.1M | 100.82 | 8.03% | 439 bp | 1 |
| Jul 2025 | 1 | $25.1M | 100.59 | — | — | 1 |
| Jun 2025 | 1 | $15.1M | 100.49 | 8.12% | 417 bp | 1 |
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. 0 added, 0 cut, 0 new holders and 0 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| Holbrook Income Fund Two Roads Shared Trust | 2026-07-31 | $25.0M | $25.1M | $0 |
| Weitz Core Plus Income Fund Weitz Funds | 2026-06-30 | $15.0M | $15.0M | $0 |
| SLW Short Duration Income ETF SPEND LIFE WISELY FUNDS INVESTMENT TRUST | 2026-07-31 | $5.0M | $5.0M | $0 |
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 |
|---|---|---|---|---|---|
| WISD SLW Short Duration Income ETF | 2026-07-31 | 1 | $5.0M | $5.0M | 1.28% |
Default risk, three ways
Stock market: distance-to-default
Not computed: financial company (banks, insurers, BDCs and REITs carry leverage as their business, which the model misreads).
Bond market: priced-in odds
A 416 bp spread prices in about 6.9% 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
Not available.
The stock side: 13F filings
What institutions report holding in FBRT'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 | 19 | $1.1M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 239 | $386.3M | 1 | $814 | 7 | $10.0M | 0 |
| 2026-03-31 | 201 | $341.8M | 1 | $849 | 5 | $21.4M | 0 |
| 2025-12-31 | 205 | $461.9M | 2 | $8K | 3 | $568K | 0 |
| 2025-09-30 | 209 | $523.1M | 2 | $173K | 4 | $5.7M | 0 |
| 2025-06-30 | 204 | $531.3M | 3 | $477K | 6 | $20.3M | 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.