KB Home bonds KBH
Who owns KB Home'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. KBH 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 |
|---|---|---|---|---|---|---|---|---|---|
| 48666KAX7 | 6.875% fixed | 2027-06-15 | USD | 100.63 | 6.11% | 212 bp | 10 | $6.7M | Jul 2026 |
| 48666KAY5 | 4.8% fixed | 2029-11-15 | USD | 97.02 | 5.80% | 153 bp | 17 | $28.6M | Jul 2026 |
| 48666KBA6 | 7.25% fixed | 2030-07-15 | USD | 101.41 | 6.84% | 254 bp | 16 | $30.4M | Jul 2026 |
| 48666KAZ2 | 4% fixed | 2031-06-15 | USD | 92.34 | 5.83% | 150 bp | 21 | $42.1M | 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 | 4 | $107.8M | 98.83 | 5.83% | 153 bp | 21 |
| Jun 2026 | 4 | $103.2M | 99.79 | 5.50% | 129 bp | 28 |
| May 2026 | 4 | $113.2M | 99.50 | 5.73% | 175 bp | 18 |
| Apr 2026 | 4 | $105.9M | 99.59 | 5.75% | 193 bp | 20 |
| Mar 2026 | 4 | $100.4M | 99.18 | 5.88% | 211 bp | 20 |
| Feb 2026 | 4 | $111.2M | 100.76 | 5.17% | 161 bp | 18 |
| Jan 2026 | 4 | $115.6M | 100.78 | 5.28% | 161 bp | 22 |
| Dec 2025 | 4 | $102.8M | 100.85 | 5.24% | 161 bp | 22 |
| Nov 2025 | 4 | $107.7M | 100.98 | 5.28% | 162 bp | 19 |
| Oct 2025 | 4 | $125.6M | 100.62 | 5.37% | 174 bp | 22 |
| Sep 2025 | 4 | $105.4M | 100.59 | 5.37% | 170 bp | 21 |
| Aug 2025 | 4 | $97.4M | 100.43 | 5.44% | 163 bp | 18 |
| Jul 2025 | 4 | $123.4M | 99.89 | 5.65% | 168 bp | 20 |
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. 22 added, 9 cut, 17 new holders and 8 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| PGIM High Yield Fund Prudential Investment Portfolios, Inc. 15 | 2026-05-29 | $61.5M | $59.6M | $0 |
| VANGUARD HIGH-YIELD CORPORATE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $31.9M | $29.9M | $0 |
| Franklin Income Fund Franklin Custodian Funds | 2026-06-30 | $20.0M | $20.4M | $0 |
| iShares Broad USD High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $20.8M | $20.1M | -$3.9M |
| Bond Fund John Hancock Sovereign Bond Fund | 2026-05-31 | $13.6M | $12.6M | $0 |
| PGIM Short Duration High Yield Income Fund Prudential Investment Portfolios, Inc. 15 | 2026-05-29 | $12.8M | $12.6M | $0 |
| Income Fund of America | 2026-07-31 | $10.3M | $10.4M | $0 |
| American High Income Trust | 2026-06-30 | $10.1M | $10.3M | -$90K |
| Franklin High Income Fund Franklin High Income Trust | 2026-06-30 | $9.0M | $9.2M | $0 |
| High Yield Fund John Hancock Bond Trust | 2026-05-31 | $9.3M | $9.0M | $2.1M |
| Janus Henderson Balanced Fund Janus Investment Fund | 2026-06-30 | $7.7M | $7.2M | new |
| State Street(R) SPDR(R) Portfolio High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $5.8M | $5.8M | $1.0M |
| NORTHEAST INVESTORS TRUST | 2026-06-30 | $5.0M | $5.1M | $0 |
| Baird Core Plus Bond Fund Baird Funds Inc | 2026-06-30 | $5.0M | $5.1M | $0 |
| Bond Fund of America | 2026-06-30 | $5.0M | $5.0M | $0 |
| Transamerica High Yield Bond TRANSAMERICA FUNDS | 2026-07-31 | $4.9M | $5.0M | $0 |
| High Yield Fixed Income Fund Northern Funds | 2026-06-30 | $4.0M | $4.0M | $0 |
| Multi-Manager High Yield Bond Fund Goldman Sachs Trust II | 2026-07-31 | $3.8M | $3.6M | $452K |
| SBH PLUS BOND FUND Segall Bryant & Hamill Trust | 2026-06-30 | $3.6M | $3.6M | $0 |
| iShares 0-5 Year High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $3.4M | $3.4M | $25K |
| PGIM Active High Yield Bond ETF PGIM ETF Trust | 2026-05-29 | $3.4M | $3.2M | $400K |
| PGIM Total Return Bond Fund Prudential Investment Portfolios, Inc. 17 | 2026-07-31 | $3.2M | $3.0M | $0 |
| Schwab High Yield Bond ETF SCHWAB STRATEGIC TRUST | 2026-05-31 | $3.0M | $2.9M | $44K |
| BNY Mellon Core Plus Fund BNY Mellon Absolute Insight Funds, Inc. | 2026-07-31 | $2.9M | $2.8M | new |
| Xtrackers USD High Yield BB-B ex Financials ETF DBX ETF Trust | 2026-05-31 | $2.8M | $2.8M | $449K |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Janus Henderson Flexible Bond Fund ($7.0M), CTIVP - American Century Diversified Bond Fund ($2.3M), THRIVENT CORE HIGH YIELD BOND FUND ($2.2M), Janus Henderson Flexible Bond Portfolio ($1.6M), THE HARTFORD HIGH YIELD FUND ($662K), THRIVENT MODERATE ALLOCATION PORTFOLIO ($450K), Core Plus Fund ($308K), Systematic High Yield Bond Series ($100K).
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 | 3 | $20.8M | $20.1M | 0.07% |
| SPHY State Street(R) SPDR(R) Portfolio High Yield Bond ETF | 2026-06-30 | 4 | $5.8M | $5.8M | 0.05% |
| SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 2026-07-31 | 2 | $3.4M | $3.4M | 0.04% |
| PHYL PGIM Active High Yield Bond ETF | 2026-05-29 | 2 | $3.4M | $3.2M | 0.25% |
| SCYB Schwab High Yield Bond ETF | 2026-05-31 | 4 | $3.0M | $2.9M | 0.12% |
| BHYB Xtrackers USD High Yield BB-B ex Financials ETF | 2026-05-31 | 4 | $2.8M | $2.8M | 0.12% |
| IBHG iShares iBonds 2027 Term High Yield and Income ETF | 2026-07-31 | 1 | $2.3M | $2.3M | 0.46% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 4 | $1.5M | $1.4M | 0.00% |
| PSH PGIM Short Duration High Yield ETF | 2026-05-29 | 2 | $901K | $892K | 0.56% |
| XBB BondBloxx BB Rated USD High Yield Corporate Bond ETF | 2026-07-31 | 3 | $693K | $671K | 0.13% |
| IBHI iShares iBonds 2029 Term High Yield and Income ETF | 2026-07-31 | 1 | $546K | $530K | 0.11% |
| BBHY JPMorgan BetaBuilders USD High Yield Corporate Bond ETF | 2026-05-31 | 3 | $534K | $530K | 0.09% |
| HYBB iShares BB Rated Corporate Bond ETF | 2026-07-31 | 3 | $464K | $446K | 0.10% |
| ISTB iShares Core 1-5 Year USD Bond ETF | 2026-07-31 | 3 | $375K | $365K | 0.01% |
| IBHJ iShares iBonds 2030 Term High Yield and Income ETF | 2026-07-31 | 1 | $218K | $221K | 0.14% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 4.49: safer than 43% of companies (42th percentile in Consumer Cyclical). Market-implied, prices to 2026-10-16, balance sheet 2026-08-31.
| Equity value | $2.59B |
| Debt barrier (short-term + ½ long-term debt) | $1.05B |
| Equity volatility (1 year) | 38.2% |
| Asset value / asset volatility (solved) | $3.60B / 27.5% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 153 bp spread prices in about 2.6% 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'' = 8.19 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in KBH'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 | 31 | $38.4M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 366 | $3.85B | 18 | $111.3M | 18 | $133.3M | 0 |
| 2026-03-31 | 371 | $2.75B | 16 | $82.2M | 16 | $144.7M | 0 |
| 2025-12-31 | 391 | $3.30B | 15 | $89.5M | 13 | $88.3M | 0 |
| 2025-09-30 | 392 | $4.08B | 17 | $122.1M | 14 | $115.6M | 0 |
| 2025-06-30 | 382 | $3.49B | 23 | $136.9M | 18 | $120.7M | 0 |
Officials trading KBH bonds
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.