Flex Ltd. bonds FLEX
Who owns Flex Ltd.'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. FLEX 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 |
|---|---|---|---|---|---|---|---|---|---|
| 33938XAE5 | 6% fixed | 2028-01-15 | USD | 101.39 | 4.99% | 87 bp | 16 | $22.9M | Jul 2026 |
| 33938XAA3 | 4.88% fixed | 2029-06-15 | USD | 99.66 | 5.01% | 75 bp | 15 | $28.9M | Jul 2026 |
| 33938XAB1 | 4.875% fixed | 2030-05-12 | USD | 98.61 | 5.28% | 99 bp | 14 | $56.1M | Jul 2026 |
| 33938XAF2 | 5.25% fixed | 2032-01-15 | USD | 98.50 | 5.57% | 121 bp | 12 | $9.0M | Jul 2026 |
| 33938XAG0 | 5.375% fixed | 2035-11-13 | USD | 95.62 | 6.00% | 143 bp | 13 | $6.8M | 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 | 5 | $123.7M | 98.61 | 5.28% | 99 bp | 16 |
| Jun 2026 | 5 | $535.6M | 100.12 | 4.92% | 84 bp | 46 |
| May 2026 | 5 | $164.2M | 100.27 | 4.95% | 86 bp | 21 |
| Apr 2026 | 5 | $146.8M | 100.35 | 4.86% | 98 bp | 16 |
| Mar 2026 | 5 | $536.9M | 100.37 | 4.91% | 111 bp | 49 |
| Feb 2026 | 5 | $162.1M | 101.86 | 4.40% | 78 bp | 21 |
| Jan 2026 | 6 | $202.1M | 101.47 | 4.51% | 79 bp | 16 |
| Dec 2025 | 6 | $678.1M | 101.49 | 4.48% | 85 bp | 49 |
| Nov 2025 | 6 | $143.9M | 101.49 | 4.48% | 86 bp | 21 |
| Oct 2025 | 5 | $183.2M | 101.28 | 4.53% | 94 bp | 15 |
| Sep 2025 | 5 | $535.3M | 101.07 | 4.60% | 98 bp | 33 |
| Aug 2025 | 5 | $77.9M | 101.10 | 4.59% | 85 bp | 22 |
| Jul 2025 | 5 | $187.6M | 100.47 | 4.82% | 92 bp | 16 |
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. 43 added, 18 cut, 10 new holders and 20 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| Baird Aggregate Bond Fund Baird Funds Inc | 2026-06-30 | $92.4M | $92.5M | $0 |
| Baird Core Plus Bond Fund Baird Funds Inc | 2026-06-30 | $84.9M | $85.1M | $0 |
| LORD ABBETT BOND DEBENTURE FUND INC | 2026-06-30 | $40.9M | $40.6M | $0 |
| VANGUARD TOTAL BOND MARKET INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $39.2M | $39.1M | $434K |
| VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $39.1M | $38.8M | $1.0M |
| VANGUARD TOTAL BOND MARKET II INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $33.0M | $32.9M | $0 |
| PIMCO Multisector Bond Active Exchange-Traded Fund PIMCO ETF Trust | 2026-06-30 | $30.2M | $29.8M | $4.8M |
| Baird Short-Term Bond Fund Baird Funds Inc | 2026-06-30 | $19.7M | $20.1M | $0 |
| Franklin Managed Income Fund Franklin Investors Securities Trust | 2026-07-31 | $20.0M | $19.7M | $0 |
| Baird Intermediate Bond Fund Baird Funds Inc | 2026-06-30 | $18.4M | $18.4M | $0 |
| PIMCO Total Return Fund PIMCO FUNDS | 2026-06-30 | $17.2M | $17.2M | $0 |
| PIMCO Long Duration Credit Bond Portfolio PIMCO FUNDS | 2026-06-30 | $15.7M | $15.7M | $0 |
| Dimensional Short-Duration Fixed Income ETF Dimensional ETF Trust | 2026-07-31 | $15.5M | $15.4M | $0 |
| iShares Core U.S. Aggregate Bond ETF iShares Trust | 2026-05-31 | $15.0M | $15.1M | $225K |
| VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $14.8M | $14.8M | $2.0M |
| Allspring Core Plus Bond Fund ALLSPRING FUNDS TRUST | 2026-05-31 | $13.5M | $13.3M | -$2.4M |
| VANGUARD INTERMEDIATE-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $11.8M | $11.8M | $300K |
| Thornburg Strategic Income Fund THORNBURG INVESTMENT TRUST | 2026-06-30 | $11.2M | $11.3M | $0 |
| PIMCO Investment Grade Credit Bond Fund PIMCO FUNDS | 2026-06-30 | $10.8M | $10.8M | -$700K |
| iMGP Dolan McEniry Corporate Bond Fund LITMAN GREGORY FUNDS TRUST | 2026-06-30 | $10.4M | $10.4M | $0 |
| iShares 1-5 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $10.3M | $10.4M | $570K |
| Dimensional Core Fixed Income ETF Dimensional ETF Trust | 2026-07-31 | $10.2M | $10.2M | $0 |
| Lord Abbett Income Fund LORD ABBETT INVESTMENT TRUST | 2026-05-31 | $10.0M | $10.0M | new |
| Lord Abbett Core Plus Bond Fund LORD ABBETT INVESTMENT TRUST | 2026-05-31 | $8.8M | $8.8M | $3.1M |
| iShares 5-10 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $8.5M | $8.5M | -$160K |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Lord Abbett Short Duration High Yield Fund ($19.5M), Fidelity U.S. Bond Index Fund ($5.2M), CTIVP - American Century Diversified Bond Fund ($3.7M), Allspring Core Bond Portfolio ($3.3M), American Century Diversified Corporate Bond ETF ($2.4M), Catholic Responsible Investments Bond Fund ($2.4M), Fidelity Series Bond Index Fund ($2.4M), Select Bond Portfolio ($2.1M), SIIT CORE FIXED INCOME FUND ($2.1M), Variable Portfolio - Partners Core Bond Fund ($1.4M).
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 | 4 | $39.2M | $39.1M | 0.01% |
| VCIT VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 2 | $39.1M | $38.8M | 0.06% |
| DFSD Dimensional Short-Duration Fixed Income ETF | 2026-07-31 | 3 | $15.5M | $15.4M | 0.22% |
| AGG iShares Core U.S. Aggregate Bond ETF | 2026-05-31 | 5 | $15.0M | $15.1M | 0.01% |
| VCSH VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 2 | $14.8M | $14.8M | 0.03% |
| BIV VANGUARD INTERMEDIATE-TERM BOND INDEX FUND | 2026-06-30 | 2 | $11.8M | $11.8M | 0.02% |
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 3 | $10.3M | $10.4M | 0.05% |
| DFCF Dimensional Core Fixed Income ETF | 2026-07-31 | 5 | $10.2M | $10.2M | 0.09% |
| IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 2 | $8.5M | $8.5M | 0.05% |
| SPIB State Street(R) SPDR(R) Portfolio Intermediate Term Corporate Bond ETF | 2026-06-30 | 5 | $8.5M | $8.5M | 0.07% |
| SCHI Schwab 5-10 Year Corporate Bond ETF | 2026-06-30 | 2 | $6.5M | $6.5M | 0.06% |
| IBDU iShares iBonds Dec 2029 Term Corporate ETF | 2026-07-31 | 1 | $5.7M | $5.7M | 0.14% |
| BSV VANGUARD SHORT-TERM BOND INDEX FUND | 2026-06-30 | 1 | $5.3M | $5.3M | 0.01% |
| UYLD Angel Oak UltraShort Income ETF | 2026-07-31 | 1 | $5.1M | $5.2M | 0.33% |
| USIG iShares Broad USD Investment Grade Corporate Bond ETF | 2026-05-31 | 5 | $4.9M | $5.0M | 0.03% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 3.91: safer than 36% of companies (34th percentile in Technology). Market-implied, prices to 2026-10-16, balance sheet 2026-06-26.
| Equity value | $32.28B |
| Debt barrier (short-term + ½ long-term debt) | $2.61B |
| Equity volatility (1 year) | 67.2% |
| Asset value / asset volatility (solved) | $34.78B / 62.4% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 99 bp spread prices in about 1.7% 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 = 2.71 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in FLEX'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 | 121 | $133.3M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 1,101 | $55.05B | 22 | $491.8M | 24 | $449.2M | 0 |
| 2026-03-31 | 767 | $19.79B | 17 | $171.0M | 16 | $74.5M | 0 |
| 2025-12-31 | 749 | $21.42B | 17 | $83.9M | 17 | $110.9M | 0 |
| 2025-09-30 | 683 | $20.50B | 15 | $66.0M | 18 | $88.9M | 0 |
| 2025-06-30 | 632 | $18.66B | 17 | $43.7M | 16 | $80.5M | 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.