Horace Mann Educators Corporation bonds HMN
Who owns Horace Mann Educators 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. HMN 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 |
|---|---|---|---|---|---|---|---|---|---|
| 440327AL8 | 7.25% fixed | 2028-09-15 | USD | 104.25 | 5.11% | 88 bp | 11 | $21.2M | Jul 2026 |
| 440327AM6 | 4.7% fixed | 2030-10-01 | USD | 98.23 | 5.18% | 88 bp | 12 | $24.8M | 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 | 2 | $46.0M | 101.24 | 5.14% | 88 bp | 12 |
| Jun 2026 | 2 | $127.6M | 101.81 | 4.99% | 84 bp | 23 |
| May 2026 | 2 | $24.5M | 101.93 | 4.95% | 88 bp | 13 |
| Apr 2026 | 2 | $38.2M | 101.86 | 4.98% | 113 bp | 13 |
| Mar 2026 | 2 | $104.1M | 102.01 | 4.96% | 119 bp | 24 |
| Feb 2026 | 2 | $24.1M | 103.78 | 4.43% | 86 bp | 14 |
| Jan 2026 | 2 | $33.3M | 103.28 | 4.60% | 93 bp | 9 |
| Dec 2025 | 2 | $93.4M | 103.17 | 4.65% | 105 bp | 24 |
| Nov 2025 | 2 | $24.1M | 103.50 | 4.60% | 99 bp | 13 |
| Oct 2025 | 2 | $30.2M | 103.17 | 4.72% | 114 bp | 11 |
| Sep 2025 | 3 | $120.6M | 99.95 | 4.76% | 115 bp | 23 |
| Aug 2025 | 1 | $7.4M | 107.48 | 4.59% | 91 bp | 10 |
| Jul 2025 | 2 | $23.7M | 103.24 | 4.93% | 108 bp | 10 |
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, 1 cut, 5 new holders and 5 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| Thornburg Strategic Income Fund THORNBURG INVESTMENT TRUST | 2026-06-30 | $33.7M | $33.7M | $8.3M |
| Thornburg Limited Term Income Fund THORNBURG INVESTMENT TRUST | 2026-06-30 | $21.3M | $21.3M | $4.7M |
| Baird Core Plus Bond Fund Baird Funds Inc | 2026-06-30 | $19.2M | $19.0M | $0 |
| Victory Short-Term Bond Fund Victory Portfolios III | 2026-07-31 | $10.8M | $11.0M | $1.6M |
| Thornburg Investment Income Builder Fund THORNBURG INVESTMENT TRUST | 2026-06-30 | $10.0M | $10.5M | $0 |
| THE HARTFORD SHORT DURATION FUND HARTFORD MUTUAL FUNDS, INC | 2026-07-31 | $10.4M | $10.2M | $0 |
| VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $9.7M | $9.8M | $500K |
| State Street(R) SPDR(R) Portfolio Intermediate Term Corporate Bond ETF SPDR SERIES TRUST | 2026-06-30 | $8.4M | $8.7M | $5.9M |
| VictoryShares Short-Term Bond ETF Victory Portfolios II | 2026-06-30 | $8.5M | $8.6M | $1.6M |
| VANGUARD SHORT-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $7.1M | $7.3M | $0 |
| DFA Commodity Strategy Portfolio DFA INVESTMENT DIMENSIONS GROUP INC | 2026-07-31 | $4.9M | $5.1M | new |
| VANGUARD TOTAL BOND MARKET INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $4.7M | $4.7M | $0 |
| VANGUARD TOTAL BOND MARKET II INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $4.7M | $4.6M | $0 |
| Thompson Bond Fund Thompson IM Funds, Inc. | 2026-05-31 | $4.3M | $4.3M | $0 |
| VANGUARD SHORT-TERM INVESTMENT-GRADE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $3.6M | $3.8M | $0 |
| DFA Short-Term Extended Quality Portfolio DFA INVESTMENT DIMENSIONS GROUP INC | 2026-07-31 | $3.6M | $3.5M | $0 |
| iShares 1-5 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $3.1M | $3.2M | $0 |
| State Street(R) SPDR(R) Portfolio Short Term Corporate Bond ETF SPDR SERIES TRUST | 2026-06-30 | $2.7M | $2.8M | $2.6M |
| iShares iBonds Dec 2028 Term Corporate ETF iShares Trust | 2026-07-31 | $2.2M | $2.3M | $58K |
| iShares iBonds Dec 2030 Term Corporate ETF iShares Trust | 2026-07-31 | $2.3M | $2.3M | $153K |
| The Bond Fund COMMERCE FUNDS | 2026-07-31 | $2.0M | $2.1M | $0 |
| iShares Core U.S. Aggregate Bond ETF iShares Trust | 2026-05-31 | $1.9M | $1.8M | $80K |
| Guggenheim Total Return Bond Fund Guggenheim Funds Trust | 2026-06-30 | $1.8M | $1.8M | $0 |
| North Star Bond Fund NORTHERN LIGHTS FUND TRUST II | 2026-05-31 | $1.3M | $1.3M | $0 |
| Catholic Responsible Investments Short Duration Bond Fund Catholic Responsible Investments Funds | 2026-07-31 | $1.3M | $1.3M | $0 |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Schroders Global Multi-Asset Portfolio ($449K), SA Schroders VCP Global Allocation Portfolio ($375K), State Street(R) SPDR Portfolio Corporate Bond ETF ($100K), F/m 3-Year Investment Grade Corporate Bond ETF ($85K), Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF ($20K).
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 |
|---|---|---|---|---|---|
| VCSH VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 2 | $9.7M | $9.8M | 0.02% |
| SPIB State Street(R) SPDR(R) Portfolio Intermediate Term Corporate Bond ETF | 2026-06-30 | 2 | $8.4M | $8.7M | 0.08% |
| USTB VictoryShares Short-Term Bond ETF | 2026-06-30 | 2 | $8.5M | $8.6M | 0.39% |
| BSV VANGUARD SHORT-TERM BOND INDEX FUND | 2026-06-30 | 2 | $7.1M | $7.3M | 0.01% |
| BND VANGUARD TOTAL BOND MARKET INDEX FUND | 2026-06-30 | 1 | $4.7M | $4.7M | 0.00% |
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 2 | $3.1M | $3.2M | 0.01% |
| SPSB State Street(R) SPDR(R) Portfolio Short Term Corporate Bond ETF | 2026-06-30 | 1 | $2.7M | $2.8M | 0.03% |
| IBDT iShares iBonds Dec 2028 Term Corporate ETF | 2026-07-31 | 1 | $2.2M | $2.3M | 0.06% |
| IBDV iShares iBonds Dec 2030 Term Corporate ETF | 2026-07-31 | 1 | $2.3M | $2.3M | 0.07% |
| AGG iShares Core U.S. Aggregate Bond ETF | 2026-05-31 | 2 | $1.9M | $1.8M | 0.00% |
| DFSD Dimensional Short-Duration Fixed Income ETF | 2026-07-31 | 1 | $930K | $914K | 0.01% |
| USIG iShares Broad USD Investment Grade Corporate Bond ETF | 2026-05-31 | 2 | $765K | $773K | 0.00% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 2 | $655K | $654K | 0.00% |
| TMB Thornburg Multi Sector Bond ETF | 2026-05-31 | 1 | $540K | $534K | 0.29% |
| SCHZ Schwab U.S. Aggregate Bond ETF | 2026-06-30 | 2 | $255K | $260K | 0.00% |
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 88 bp spread prices in about 1.5% 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 HMN'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 | 25 | $58.6M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 250 | $2.03B | 0 | — | 0 | — | 0 |
| 2026-03-31 | 235 | $1.38B | 0 | — | 0 | — | 0 |
| 2025-12-31 | 241 | $1.73B | 1 | $448K | 1 | $291K | 0 |
| 2025-09-30 | 233 | $1.74B | 1 | $664K | 1 | $623K | 0 |
| 2025-06-30 | 233 | $1.65B | 1 | $0 | 2 | $365K | 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.