MasterBrand, Inc. bonds MBC
Who owns MasterBrand, Inc.'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. MBC 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 |
|---|---|---|---|---|---|---|---|---|---|
| 57638PAA2 | 7% fixed | 2032-07-15 | USD | 100.10 | 6.98% | 259 bp | 34 | $73.2M | 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 | $73.2M | 100.10 | 6.98% | 259 bp | 34 |
| Jun 2026 | 1 | $86.8M | 101.35 | 6.72% | 245 bp | 54 |
| May 2026 | 1 | $67.8M | 99.82 | 7.03% | 279 bp | 32 |
| Apr 2026 | 1 | $76.6M | 99.50 | 7.10% | 305 bp | 37 |
| Mar 2026 | 1 | $79.4M | 97.79 | 7.44% | 347 bp | 49 |
| Feb 2026 | 1 | $58.9M | 100.66 | 6.87% | 304 bp | 37 |
| Jan 2026 | 1 | $87.0M | 103.74 | 6.28% | 235 bp | 45 |
| Dec 2025 | 1 | $84.3M | 103.69 | 6.30% | 245 bp | 53 |
| Nov 2025 | 1 | $55.7M | 103.20 | 6.40% | 258 bp | 36 |
| Oct 2025 | 1 | $88.7M | 103.83 | 6.29% | 249 bp | 46 |
| Sep 2025 | 1 | $79.1M | 103.45 | 6.36% | 252 bp | 52 |
| Aug 2025 | 1 | $57.2M | 103.62 | 6.34% | 235 bp | 41 |
| Jul 2025 | 1 | $86.2M | 101.70 | 6.69% | 254 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. 28 added, 16 cut, 6 new holders and 12 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| iShares Broad USD High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $13.7M | $13.7M | $1.8M |
| JPMorgan High Yield Fund JPMorgan Trust II | 2026-05-31 | $13.7M | $13.7M | $3.5M |
| Eaton Vance Income Fund of Boston Eaton Vance Series Trust II | 2026-07-31 | $10.3M | $10.3M | -$5.2M |
| Nuveen High Yield Fund TIAA-CREF Funds | 2026-06-30 | $10.2M | $10.3M | $1.0M |
| Eaton Vance Total Return Bond ETF Morgan Stanley ETF Trust | 2026-06-30 | $9.6M | $9.7M | $319K |
| State Street(R) SPDR(R) Portfolio High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $8.0M | $8.1M | -$455K |
| NYLIM MacKay High Yield Corporate Bond Fund NYLIM FUNDS | 2026-07-31 | $7.5M | $7.5M | $0 |
| Weitz Core Plus Income Fund Weitz Funds | 2026-06-30 | $7.2M | $7.4M | $0 |
| JPMorgan Income Fund JPMorgan Trust I | 2026-05-31 | $7.3M | $7.3M | $700K |
| AB Short Duration High Yield ETF AB Active ETFs, Inc. | 2026-05-31 | $7.1M | $7.1M | $4.5M |
| Federated Hermes Institutional High Yield Bond Fund Federated Hermes Institutional Trust | 2026-07-31 | $7.0M | $7.0M | $0 |
| State Street(R) SPDR(R) Bloomberg High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $6.3M | $6.4M | -$625K |
| JPMorgan Active High Yield ETF J.P. Morgan Exchange-Traded Fund Trust | 2026-05-31 | $6.4M | $6.4M | $124K |
| First Trust Smith Unconstrained Bond ETF First Trust Exchange-Traded Fund VIII | 2026-05-31 | $6.4M | $6.4M | $0 |
| Eaton Vance Total Return Bond Fund Eaton Vance Mutual Funds Trust | 2026-06-30 | $6.2M | $6.3M | $0 |
| HIGH INCOME OPPORTUNITIES PORTFOLIO High Income Opportunities Portfolio | 2026-07-31 | $5.4M | $5.4M | $0 |
| JPMorgan Income Builder Fund JPMorgan Trust I | 2026-07-31 | $4.7M | $4.7M | $2.7M |
| JPMorgan Core Plus Bond Fund JPMorgan Trust II | 2026-05-31 | $4.7M | $4.7M | $0 |
| JPMorgan Global Bond Opportunities Fund JPMorgan Trust I | 2026-05-31 | $4.0M | $3.9M | $0 |
| AB HIGH INCOME FUND INC | 2026-07-31 | $3.7M | $3.7M | $0 |
| Multi-Manager High Yield Bond Fund Goldman Sachs Trust II | 2026-07-31 | $3.7M | $3.7M | -$70K |
| Victory High Income Fund Victory Portfolios III | 2026-07-31 | $3.5M | $3.5M | $0 |
| PIMCO High Yield Fund PIMCO FUNDS | 2026-06-30 | $3.4M | $3.5M | new |
| Calvert Income Fund Calvert Fund | 2026-06-30 | $2.9M | $3.0M | $625K |
| JPMorgan Income ETF J.P. Morgan Exchange-Traded Fund Trust | 2026-05-31 | $2.5M | $2.5M | $1.1M |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): NYLI MacKay Strategic Bond Fund ($2.3M), NYLIM VP Floating Rate Portfolio ($1.5M), Performance Trust Total Return Bond Fund ($1.5M), Fidelity Total Bond Fund ($1.1M), Fidelity Total Bond ETF ($755K), Fidelity SAI Total Bond Fund ($427K), ALPS | Smith Credit Opportunities Fund ($400K), NYLI MacKay High Income ETF ($260K), Performance Trust Multisector Bond Fund ($250K), Fidelity Total Bond K6 Fund ($150K).
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 | $13.7M | $13.7M | 0.05% |
| EVTR Eaton Vance Total Return Bond ETF | 2026-06-30 | 1 | $9.6M | $9.7M | 0.17% |
| SPHY State Street(R) SPDR(R) Portfolio High Yield Bond ETF | 2026-06-30 | 1 | $8.0M | $8.1M | 0.07% |
| SYFI AB Short Duration High Yield ETF | 2026-05-31 | 1 | $7.1M | $7.1M | 0.79% |
| JNK State Street(R) SPDR(R) Bloomberg High Yield Bond ETF | 2026-06-30 | 1 | $6.3M | $6.4M | 0.09% |
| JPHY JPMorgan Active High Yield ETF | 2026-05-31 | 1 | $6.4M | $6.4M | 0.29% |
| UCON First Trust Smith Unconstrained Bond ETF | 2026-05-31 | 1 | $6.4M | $6.4M | 0.19% |
| JPIE JPMorgan Income ETF | 2026-05-31 | 1 | $2.5M | $2.5M | 0.03% |
| JCPB JPMorgan Core Plus Bond ETF | 2026-05-31 | 1 | $2.0M | $2.0M | 0.02% |
| XAGG Eaton Vance Income Opportunities ETF | 2026-06-30 | 1 | $1.5M | $1.5M | 0.13% |
| HYFI AB High Yield ETF | 2026-05-31 | 1 | $1.5M | $1.5M | 0.44% |
| SCYB Schwab High Yield Bond ETF | 2026-05-31 | 1 | $1.4M | $1.4M | 0.06% |
| BHYB Xtrackers USD High Yield BB-B ex Financials ETF | 2026-05-31 | 1 | $1.3M | $1.3M | 0.05% |
| GTOQ Invesco High Yield Systematic Bond ETF | 2026-07-31 | 1 | $820K | $821K | 0.46% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 1 | $735K | $736K | 0.00% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 2.90: safer than 24% of companies (23th percentile in Consumer Cyclical). Market-implied, prices to 2026-10-16, balance sheet 2026-06-28.
| Equity value | $1.31B |
| Debt barrier (short-term + ½ long-term debt) | $704.5M |
| Equity volatility (1 year) | 53.1% |
| Asset value / asset volatility (solved) | $1.99B / 35.1% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 259 bp spread prices in about 4.3% 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 = 1.44 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in MBC'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 | 28 | $850K | 0 | — | 0 | — | 0 |
| 2026-06-30 | 340 | $2.26B | 6 | $3.8M | 3 | $344K | 0 |
| 2026-03-31 | 321 | $1.19B | 2 | $7K | 2 | $8K | 0 |
| 2025-12-31 | 322 | $1.59B | 2 | $6K | 4 | $1.3M | 0 |
| 2025-09-30 | 329 | $1.73B | 1 | $7K | 1 | $47K | 0 |
| 2025-06-30 | 319 | $1.25B | 2 | $4K | 2 | $45K | 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.