Gates Industrial Corporation plc bonds GTES
Who owns Gates Industrial Corporation plc'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. GTES 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 |
|---|---|---|---|---|---|---|---|---|---|
| 367398AA2 | 6.875% fixed | 2029-07-01 | USD | 102.07 | 6.09% | 183 bp | 39 | $71.3M | 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 | 1 | $71.3M | 102.07 | 6.09% | 183 bp | 39 |
| Jun 2026 | 1 | $102.4M | 102.32 | 6.02% | 187 bp | 70 |
| May 2026 | 1 | $13.1M | 103.00 | 5.80% | 175 bp | 18 |
| Apr 2026 | 1 | $69.4M | 102.89 | 5.86% | 203 bp | 42 |
| Mar 2026 | 1 | $101.8M | 102.61 | 5.98% | 223 bp | 69 |
| Feb 2026 | 1 | $14.4M | 103.89 | 5.58% | 203 bp | 19 |
| Jan 2026 | 1 | $72.2M | 103.96 | 5.58% | 194 bp | 40 |
| Dec 2025 | 1 | $105.5M | 103.89 | 5.64% | 205 bp | 73 |
| Nov 2025 | 1 | $14.0M | 104.25 | 5.55% | 196 bp | 21 |
| Oct 2025 | 1 | $72.9M | 103.84 | 5.70% | 213 bp | 43 |
| Sep 2025 | 1 | $110.7M | 103.79 | 5.73% | 214 bp | 73 |
| Aug 2025 | 1 | $13.4M | 104.02 | 5.69% | 197 bp | 21 |
| Jul 2025 | 1 | $74.5M | 102.96 | 6.01% | 212 bp | 43 |
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. 17 added, 16 cut, 4 new holders and 8 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| Artisan High Income Fund Artisan Partners Funds Inc. | 2026-06-30 | $28.1M | $28.7M | $0 |
| BlackRock High Yield Portfolio BlackRock Funds V | 2026-06-30 | $15.7M | $16.0M | $0 |
| VANGUARD HIGH-YIELD CORPORATE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $14.8M | $15.1M | $0 |
| iShares Broad USD High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $10.1M | $10.3M | $224K |
| Federated Hermes Institutional High Yield Bond Fund Federated Hermes Institutional Trust | 2026-07-31 | $9.2M | $9.4M | -$1.2M |
| Venerable High Yield Fund Venerable Variable Insurance Trust | 2026-06-30 | $5.8M | $5.9M | $0 |
| NYLIM MacKay Short Duration High Income Fund NYLIM FUNDS TRUST | 2026-07-31 | $5.5M | $5.6M | $0 |
| VANGUARD SHORT-TERM INVESTMENT-GRADE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $5.5M | $5.6M | $2.2M |
| Franklin High Income Fund Franklin High Income Trust | 2026-06-30 | $4.8M | $4.9M | $0 |
| iShares 0-5 Year High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $4.6M | $4.7M | $265K |
| Franklin High Yield Corporate ETF Franklin Templeton ETF Trust | 2026-06-30 | $3.7M | $3.8M | $1.2M |
| Voya Short Duration High Income Fund Voya Funds Trust | 2026-06-30 | $3.5M | $3.6M | $0 |
| NYLIM MacKay High Yield Corporate Bond Fund NYLIM FUNDS | 2026-07-31 | $3.2M | $3.3M | $0 |
| VANGUARD INTERMEDIATE-TERM INVESTMENT-GRADE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $2.7M | $2.7M | $1.5M |
| Touchstone Funds Group Trust-Touchstone Ares Credit Opportunities Fund Touchstone Funds Group Trust | 2026-06-30 | $2.6M | $2.7M | $1.0M |
| Nuveen High Yield Fund TIAA-CREF Funds | 2026-06-30 | $2.3M | $2.4M | $0 |
| Ares Dynamic Credit Allocation Fund, Inc. | 2026-06-30 | $2.2M | $2.3M | $0 |
| State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $2.1M | $2.2M | $284K |
| JPMorgan High Yield Fund JPMorgan Trust II | 2026-05-31 | $2.1M | $2.1M | $32K |
| High Yield Bond Core Fund Federated Hermes Core Trust | 2026-06-30 | $2.0M | $2.1M | $0 |
| Impax High Yield Bond Fund IMPAX FUNDS SERIES TRUST I | 2026-06-30 | $2.0M | $2.0M | $0 |
| Columbia Strategic Income Fund COLUMBIA FUNDS SERIES TRUST I | 2026-05-31 | $1.9M | $1.9M | $0 |
| NYLIM VP MacKay High Yield Corporate Bond Portfolio NYLIM VP FUNDS TRUST | 2026-06-30 | $1.8M | $1.8M | $750K |
| First Trust Tactical High Yield ETF First Trust Exchange-Traded Fund IV | 2026-07-31 | $1.7M | $1.7M | $0 |
| Federated Hermes Sustainable High Yield Bond Fund, Inc. | 2026-06-30 | $1.6M | $1.6M | $0 |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): CITY NATIONAL ROCHDALE FIXED INCOME OPPORTUNITIES FUND ($400K), Neuberger High Yield Strategies Fund Inc. ($380K), BlackRock Multi-Sector Income Trust ($344K), Columbia Variable Portfolio - Intermediate Bond Fund ($312K), BlackRock Low Duration Bond Portfolio ($190K), iShares Short Duration Bond Active ETF ($92K), BlackRock Core Bond Trust ($90K), iShares ESG Advanced Universal USD Bond ETF ($35K).
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 |
|---|---|---|---|---|---|
| USHY iShares Broad USD High Yield Corporate Bond ETF | 2026-07-31 | 1 | $10.1M | $10.3M | 0.04% |
| SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 2026-07-31 | 1 | $4.6M | $4.7M | 0.06% |
| FLHY Franklin High Yield Corporate ETF | 2026-06-30 | 1 | $3.7M | $3.8M | 0.32% |
| SJNK State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF | 2026-06-30 | 1 | $2.1M | $2.2M | 0.04% |
| HYLS First Trust Tactical High Yield ETF | 2026-07-31 | 1 | $1.7M | $1.7M | 0.11% |
| JNK State Street(R) SPDR(R) Bloomberg High Yield Bond ETF | 2026-06-30 | 1 | $1.5M | $1.6M | 0.02% |
| VGHY VANGUARD HIGH-YIELD ACTIVE ETF | 2026-07-31 | 1 | $1.1M | $1.1M | 0.36% |
| BHYB Xtrackers USD High Yield BB-B ex Financials ETF | 2026-05-31 | 1 | $1.0M | $1.1M | 0.04% |
| SCYB Schwab High Yield Bond ETF | 2026-05-31 | 1 | $972K | $1.0M | 0.04% |
| IBHI iShares iBonds 2029 Term High Yield and Income ETF | 2026-07-31 | 1 | $902K | $921K | 0.19% |
| VGMS VANGUARD MULTI-SECTOR INCOME BOND ETF | 2026-06-30 | 1 | $765K | $783K | 0.33% |
| HYGV FlexShares High Yield Value - Scored Bond Index Fund | 2026-07-31 | 1 | $750K | $765K | 0.07% |
| SPHY State Street(R) SPDR(R) Portfolio High Yield Bond ETF | 2026-06-30 | 1 | $526K | $539K | 0.00% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 1 | $515K | $526K | 0.00% |
| NBSD Neuberger Short Duration Income ETF | 2026-07-31 | 1 | $395K | $403K | 0.03% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 5.40: safer than 53% of companies (52th percentile in Industrials). Market-implied, prices to 2026-10-16, balance sheet 2026-06-27.
| Equity value | $6.57B |
| Debt barrier (short-term + ½ long-term debt) | $1.14B |
| Equity volatility (1 year) | 40.8% |
| Asset value / asset volatility (solved) | $7.66B / 35.0% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 183 bp spread prices in about 3.0% 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 = 2.47 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in GTES'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 | 39 | $61.1M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 23 | $265.9M | 0 | — | 0 | — | 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.