FedEx Corporation bonds FDX
Who owns FedEx 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. FDX 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 |
|---|---|---|---|---|---|---|---|---|---|
| 31428XBL9 | 1.625% fixed | 2027-01-11 | EUR | 99.39 | 2.77% | — | 2 | $3.5M | Jun 2026 |
| 31428XDD5 | 3.4% fixed | 2028-02-15 | USD | 98.11 | 4.69% | 54 bp | 5 | $14.3M | Jul 2026 |
| 31428XBP0 | 3.4% fixed | 2028-02-15 | USD | 96.16 | 6.05% | 190 bp | 1 | $19K | Jul 2026 |
| 31428XDE3 | 4.2% fixed | 2028-10-17 | USD | 99.06 | 4.63% | 51 bp | 3 | $1.8M | Jun 2026 |
| 31428XDY9 | 0.004% fixed | 2029-05-04 | EUR | 91.08 | 3.25% | — | 1 | $425K | May 2026 |
| 31428XBV7 | 3.1% fixed | 2029-08-05 | USD | 95.12 | 4.86% | 60 bp | 11 | $9.8M | Jul 2026 |
| 31428XDF0 | 3.1% fixed | 2029-08-05 | USD | 95.16 | 4.85% | 59 bp | 10 | $5.4M | Jul 2026 |
| 31428XBZ8 | 4.25% fixed | 2030-05-15 | USD | 97.58 | 4.96% | 67 bp | 6 | $3.9M | Jul 2026 |
| 31428XDG8 | 4.25% fixed | 2030-05-15 | USD | 97.91 | 4.86% | 57 bp | 3 | $1.0M | Jul 2026 |
| 31428XCJ3 | 4.25% fixed | 2030-05-15 | USD | 98.57 | 4.66% | 48 bp | 1 | $493K | Jun 2026 |
| 31428XDH6 | 2.4% fixed | 2031-05-15 | USD | 89.30 | 4.93% | 61 bp | 1 | $85K | Jul 2026 |
| 31428XCD6 | 2.4% fixed | 2031-05-15 | USD | 88.49 | 5.14% | 82 bp | 1 | $1.7M | Jul 2026 |
| XS3142295172 | 1.3% fixed | 2031-08-05 | EUR | 87.67 | 4.07% | — | 1 | $310K | Jul 2026 |
| XS3136900670 | 3.5% fixed | 2032-07-30 | EUR | 97.87 | 3.91% | — | 1 | $226K | Jul 2026 |
| 3142XEA00 | 0.95% fixed | 2033-05-04 | EUR | 80.83 | 4.27% | — | 3 | $372K | Jul 2026 |
| 31428XCC8 | 0.95% fixed | 2033-05-04 | EUR | 82.44 | 3.93% | — | 1 | $349K | Jun 2026 |
| 31428XEA0 | 0.95% fixed | 2033-05-04 | EUR | 81.43 | 4.16% | — | 3 | $17.6M | Jul 2026 |
| 31428XDJ2 | 4.9% fixed | 2034-01-15 | USD | 97.63 | 5.29% | 81 bp | 10 | $8.2M | Jul 2026 |
| 314353AA1 | 1.875% fixed | 2034-02-20 | USD | 85.47 | 4.13% | -35 bp | 6 | $3.9M | Jul 2026 |
| 31428XDK9 | 3.9% fixed | 2035-02-01 | USD | 92.16 | 5.03% | 63 bp | 12 | $26.6M | Jun 2026 |
| 31428XCM6 | 3.9% fixed | 2035-02-01 | USD | 91.93 | 5.06% | 66 bp | 1 | $230K | May 2026 |
| 31428XEC6 | 4.13% fixed | 2037-07-30 | EUR | 97.35 | 4.44% | — | 3 | $4.1M | Jul 2026 |
| 31428XDL7 | 3.25% fixed | 2041-05-15 | USD | 78.46 | 5.37% | 66 bp | 24 | $23.0M | Jun 2026 |
| 31428XCE4 | 3.25% fixed | 2041-05-15 | USD | 75.71 | 5.68% | 93 bp | 3 | $3.0M | May 2026 |
| 31428XDM5 | 3.88% fixed | 2042-08-01 | USD | 82.98 | 5.49% | 72 bp | 5 | $856K | Jun 2026 |
| 31428XAT3 | 3.88% fixed | 2042-08-01 | USD | — | — | — | 1 | $238K | Jun 2026 |
| 31428XAU0 | 4.1% fixed | 2043-04-15 | USD | 85.15 | 5.46% | 66 bp | 2 | $1.4M | Jun 2026 |
| 31428XDN3 | 4.1% fixed | 2043-04-15 | USD | 84.71 | 5.51% | 70 bp | 4 | $714K | Jun 2026 |
| 31428XAW6 | 5.1% fixed | 2044-01-15 | USD | 88.86 | 6.15% | 117 bp | 1 | $2.6M | Jul 2026 |
| 31428XDP8 | 5.1% fixed | 2044-01-15 | USD | 88.86 | 6.15% | 117 bp | 9 | $3.0M | Jul 2026 |
| 31428XDQ6 | 4.1% fixed | 2045-02-01 | USD | 83.21 | 5.56% | 67 bp | 15 | $4.2M | Jun 2026 |
| 31428XBB1 | 4.1% fixed | 2045-02-01 | USD | 83.10 | 5.57% | 68 bp | 1 | $415K | Jun 2026 |
| 31428XBE5 | 4.75% fixed | 2045-11-15 | USD | 89.71 | 5.63% | 70 bp | 4 | $860K | Jun 2026 |
| 31428XDR4 | 4.75% fixed | 2045-11-15 | USD | 86.27 | 5.96% | 88 bp | 2 | $65K | Jul 2026 |
| 31428XDS2 | 4.55% fixed | 2046-04-01 | USD | 83.44 | 5.99% | 90 bp | 2 | $61K | Jul 2026 |
| 31428XBG0 | 4.55% fixed | 2046-04-01 | USD | 87.17 | 5.63% | 69 bp | 1 | $8K | Jun 2026 |
| 31428XBN5 | 4.4% fixed | 2047-01-15 | USD | 78.25 | 6.30% | 127 bp | 3 | $6.2M | May 2026 |
| 31428XDT0 | 4.4% fixed | 2047-01-15 | USD | 81.99 | 5.93% | 82 bp | 1 | $5.3M | Jul 2026 |
| 31428XDU7 | 4.05% fixed | 2048-02-15 | USD | 77.61 | 5.90% | 79 bp | 1 | $1.0M | Jul 2026 |
| 31428XBQ8 | 4.05% fixed | 2048-02-15 | USD | 80.75 | 5.60% | 64 bp | 2 | $145K | Jun 2026 |
| 31428XDV5 | 4.95% fixed | 2048-10-17 | USD | 87.42 | 5.98% | 87 bp | 1 | $4K | Jul 2026 |
| 31428XBS4 | 4.95% fixed | 2048-10-17 | USD | 89.44 | 5.80% | 84 bp | 2 | $986K | Jun 2026 |
| 31428XCA2 | 5.25% fixed | 2050-05-15 | USD | 90.12 | 6.04% | 108 bp | 2 | $5.4M | Jun 2026 |
| 31428XDW3 | 5.25% fixed | 2050-05-15 | USD | 88.61 | 6.17% | 106 bp | 4 | $2.0M | Jul 2026 |
| 31428XBD7 | 4.5% fixed | 2065-02-01 | USD | 68.06 | 6.87% | 184 bp | 1 | $115K | 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 | 23 | $85.1M | 88.86 | 5.59% | 81 bp | 11 |
| Jun 2026 | 37 | $458.2M | 89.98 | 5.50% | 66 bp | 24 |
| May 2026 | 36 | $322.2M | 86.77 | 5.84% | 88 bp | 16 |
| Apr 2026 | 37 | $166.2M | 86.51 | 5.93% | 114 bp | 12 |
| Mar 2026 | 42 | $465.2M | 89.84 | 5.90% | 116 bp | 24 |
| Feb 2026 | 36 | $315.0M | 90.29 | 5.55% | 94 bp | 15 |
| Jan 2026 | 39 | $178.3M | 87.89 | 5.76% | 104 bp | 13 |
| Dec 2025 | 44 | $468.5M | 90.65 | 5.85% | 116 bp | 25 |
| Nov 2025 | 36 | $308.7M | 87.52 | 5.82% | 122 bp | 15 |
| Oct 2025 | 48 | $179.4M | 86.95 | 5.84% | 128 bp | 11 |
| Sep 2025 | 45 | $467.5M | 89.31 | 5.88% | 118 bp | 22 |
| Aug 2025 | 35 | $272.7M | 84.13 | 6.14% | 134 bp | 15 |
| Jul 2025 | 41 | $176.7M | 85.97 | 6.20% | 133 bp | 9 |
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. 29 added, 57 cut, 7 new holders and 39 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| VANGUARD TOTAL BOND MARKET INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $157.0M | $140.2M | $4.5M |
| VANGUARD TOTAL BOND MARKET II INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $148.5M | $135.0M | $7.8M |
| VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $79.2M | $73.7M | $8.9M |
| VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $44.4M | $42.2M | $18.0M |
| iShares Core U.S. Aggregate Bond ETF iShares Trust | 2026-05-31 | $43.2M | $38.3M | -$1.9M |
| Fidelity U.S. Bond Index Fund Fidelity Salem Street Trust | 2026-05-31 | $32.0M | $27.6M | $0 |
| iShares Broad USD Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $26.4M | $23.1M | $7.2M |
| VANGUARD LONG-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $26.4M | $23.0M | $555K |
| Baird Core Plus Bond Fund Baird Funds Inc | 2026-06-30 | $20.5M | $18.5M | $0 |
| VANGUARD SHORT-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $19.2M | $18.1M | $3.9M |
| iShares iBoxx $ Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $20.7M | $18.1M | $4.4M |
| VANGUARD SHORT-TERM INVESTMENT-GRADE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $14.0M | $13.7M | $0 |
| Baird Aggregate Bond Fund Baird Funds Inc | 2026-06-30 | $15.0M | $13.4M | $0 |
| iShares 1-5 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $13.7M | $13.3M | $1.8M |
| VANGUARD INTERMEDIATE-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $12.9M | $12.0M | -$10.2M |
| VANGUARD LONG-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $12.2M | $10.8M | -$50K |
| PIMCO Long Duration Credit Bond Portfolio PIMCO FUNDS | 2026-06-30 | $10.9M | $10.4M | $0 |
| Fidelity Series Bond Index Fund Fidelity Salem Street Trust | 2026-05-31 | $11.7M | $10.0M | $0 |
| VANGUARD BALANCED INDEX FUND VANGUARD VALLEY FORGE FUNDS | 2026-06-30 | $9.1M | $8.1M | $0 |
| iShares iBonds Dec 2029 Term Corporate ETF iShares Trust | 2026-07-31 | $8.1M | $7.7M | $800K |
| VANGUARD TOTAL INTERNATIONAL BOND II INDEX FUND VANGUARD CHARLOTTE FUNDS | 2026-07-31 | $8.1M | $7.6M | $0 |
| Nuveen Bond Index Fund TIAA-CREF Funds | 2026-06-30 | $7.7M | $7.0M | $0 |
| iShares Investment Grade Systematic Bond ETF iShares Trust | 2026-05-31 | $8.2M | $6.9M | -$503K |
| Schwab 5-10 Year Corporate Bond ETF SCHWAB STRATEGIC TRUST | 2026-06-30 | $7.4M | $6.8M | -$4.2M |
| VANGUARD TOTAL INTERNATIONAL BOND INDEX FUND VANGUARD CHARLOTTE FUNDS | 2026-07-31 | $6.7M | $6.3M | $0 |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): VANGUARD INTERMEDIATE-TERM INVESTMENT-GRADE FUND ($32.5M), Invesco BulletShares 2026 Corporate Bond ETF ($8.9M), AB Ultra Short Income ETF ($7.4M), Guggenheim Total Return Bond Fund ($6.7M), iShares iBonds Dec 2031 Term Corporate ETF ($6.0M), First Trust Core Investment Grade ETF ($5.5M), Nomura Corporate Bond Fund ($5.1M), Dimensional Core Fixed Income ETF ($4.2M), CrossingBridge Ultra-Short Duration Fund ($3.6M), Nomura Diversified Income Fund ($3.4M).
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 |
|---|---|---|---|---|---|
| BND VANGUARD TOTAL BOND MARKET INDEX FUND | 2026-06-30 | 13 | $157.0M | $140.2M | 0.04% |
| VCIT VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 5 | $79.2M | $73.7M | 0.11% |
| VCSH VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 3 | $44.4M | $42.2M | 0.08% |
| AGG iShares Core U.S. Aggregate Bond ETF | 2026-05-31 | 22 | $43.2M | $38.3M | 0.03% |
| USIG iShares Broad USD Investment Grade Corporate Bond ETF | 2026-05-31 | 21 | $26.4M | $23.1M | 0.13% |
| VCLT VANGUARD LONG-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 11 | $26.4M | $23.0M | 0.25% |
| BSV VANGUARD SHORT-TERM BOND INDEX FUND | 2026-06-30 | 2 | $19.2M | $18.1M | 0.03% |
| LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | 2026-05-31 | 3 | $20.7M | $18.1M | 0.06% |
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 6 | $13.7M | $13.3M | 0.06% |
| BIV VANGUARD INTERMEDIATE-TERM BOND INDEX FUND | 2026-06-30 | 4 | $12.9M | $12.0M | 0.02% |
| BLV VANGUARD LONG-TERM BOND INDEX FUND | 2026-06-30 | 8 | $12.2M | $10.8M | 0.12% |
| IBDU iShares iBonds Dec 2029 Term Corporate ETF | 2026-07-31 | 2 | $8.1M | $7.7M | 0.19% |
| IGEB iShares Investment Grade Systematic Bond ETF | 2026-05-31 | 4 | $8.2M | $6.9M | 0.50% |
| SCHI Schwab 5-10 Year Corporate Bond ETF | 2026-06-30 | 3 | $7.4M | $6.8M | 0.06% |
| BNDX VANGUARD TOTAL INTERNATIONAL BOND INDEX FUND | 2026-07-31 | 1 | $6.7M | $6.3M | 0.01% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 7.60: safer than 70% of companies (71th percentile in Industrials). Market-implied, prices to 2026-10-16, balance sheet 2026-05-31.
| Equity value | $69.53B |
| Debt barrier (short-term + ½ long-term debt) | $14.07B |
| Equity volatility (1 year) | 28.1% |
| Asset value / asset volatility (solved) | $83.01B / 23.5% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 81 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'' = 3.01 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in FDX'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 | 299 | $875.7M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 1,935 | $58.64B | 44 | $1.45B | 35 | $1.59B | 0 |
| 2026-03-31 | 2,006 | $56.01B | 47 | $1.80B | 40 | $1.20B | 0 |
| 2025-12-31 | 1,829 | $52.70B | 42 | $1.50B | 42 | $1.07B | 0 |
| 2025-09-30 | 1,644 | $42.89B | 44 | $1.41B | 41 | $1.02B | 0 |
| 2025-06-30 | 1,661 | $41.47B | 46 | $1.46B | 43 | $1.22B | 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.