Mercedes-Benz Group AG bonds MBG.DE
Who owns Mercedes-Benz Group AG'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. MBG.DE 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 |
|---|---|---|---|---|---|---|---|---|---|
| AP9090220 | 1% fixed | 2027-11-15 | EUR | 97.40 | 3.08% | — | 3 | $11.8M | Jul 2026 |
| LW0018397 | 1.375% fixed | 2028-05-11 | EUR | 96.96 | 3.16% | — | 3 | $5.7M | Jul 2026 |
| AO1138905 | 1.5% fixed | 2029-07-03 | EUR | 95.33 | 3.20% | — | 3 | $1.1M | Jul 2026 |
| D1668RYG6 | 0.75% fixed | 2030-02-08 | EUR | 91.34 | 3.40% | — | 3 | $15.0M | Jul 2026 |
| D1668RZW0 | 2.375% fixed | 2030-05-22 | EUR | 96.22 | 3.45% | — | 3 | $16.0M | Jul 2026 |
| DE000A289QR9 | 0.75% fixed | 2030-09-10 | EUR | 89.73 | 3.47% | — | 4 | $10.5M | Jul 2026 |
| DE000A2TR083 | 2% fixed | 2031-02-27 | EUR | 93.59 | 3.54% | — | 4 | $14.3M | Jul 2026 |
| ZQ3764136 | 1.125% fixed | 2031-11-06 | EUR | 88.08 | 3.65% | — | 1 | $405K | Jul 2026 |
| D1668RYL5 | 1.125% fixed | 2031-11-06 | EUR | 87.69 | 3.74% | — | 2 | $10.1M | Jul 2026 |
| D1668RB71 | 0.75% fixed | 2033-03-11 | EUR | 82.53 | 3.79% | — | 4 | $10.0M | Jul 2026 |
| DE000A2YNZY4 | 1.13% fixed | 2034-08-08 | EUR | 80.82 | 3.97% | — | 1 | $284K | Jul 2026 |
| AO1139366 | 2.125% fixed | 2037-07-03 | EUR | 82.00 | 4.21% | — | 3 | $33.5M | Jul 2026 |
Spread history
Median spread of the US-dollar bonds over Treasuries, month-ends with complete filings. Fund-reported.
Not enough US-dollar bonds with a yield.
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 | 12 | $128.7M | 90.53 | — | — | 4 |
| Jun 2026 | 9 | $5.7M | 90.74 | — | — | 2 |
| May 2026 | 1 | $254K | 97.34 | — | — | 1 |
| Apr 2026 | 12 | $123.2M | 90.78 | — | — | 4 |
| Mar 2026 | 9 | $5.8M | 89.42 | — | — | 2 |
| Jan 2026 | 12 | $126.1M | 91.87 | — | — | 4 |
| Dec 2025 | 9 | $5.2M | 90.66 | — | — | 2 |
| Oct 2025 | 12 | $122.6M | 91.72 | — | — | 4 |
| Sep 2025 | 9 | $4.8M | 90.13 | — | — | 2 |
| Jul 2025 | 12 | $105.4M | 90.93 | — | — | 4 |
| Jun 2025 | 9 | $3.8M | 89.84 | — | — | 2 |
| Apr 2025 | 12 | $93.5M | 89.88 | — | — | 4 |
| Mar 2025 | 8 | $2.3M | 87.70 | — | — | 2 |
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. 2 added, 3 cut, 1 new holders and 1 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| VANGUARD TOTAL INTERNATIONAL BOND II INDEX FUND VANGUARD CHARLOTTE FUNDS | 2026-07-31 | $61.1M | $63.4M | $5.0M |
| VANGUARD TOTAL INTERNATIONAL BOND INDEX FUND VANGUARD CHARLOTTE FUNDS | 2026-07-31 | $54.4M | $55.2M | $5.0M |
| DFA Selectively Hedged Global Fixed Income Portfolio DFA INVESTMENT DIMENSIONS GROUP INC | 2026-07-31 | $4.8M | $5.0M | $0 |
| State Street(R) SPDR(R) Bloomberg International Corporate Bond ETF SPDR SERIES TRUST | 2026-06-30 | $3.1M | $3.3M | -$100K |
| iShares Core International Aggregate Bond ETF iShares Trust | 2026-07-31 | $2.7M | $2.9M | -$600K |
| Invesco International Corporate Bond ETF Invesco Exchange-Traded Fund Trust II | 2026-07-31 | $2.0M | $2.1M | -$190K |
| Nuveen International Aggregate Bond ETF NuShares ETF Trust | 2026-06-30 | $1.8M | $2.0M | $0 |
| Fidelity International Bond Index Fund Fidelity Salem Street Trust | 2026-06-30 | $411K | $412K | $0 |
| Strategic Advisers Fidelity Short Duration Fund Fidelity Rutland Square Trust II | 2026-05-31 | $224K | $254K | new |
| iShares Euro Investment Grade Corporate Bond USD Hedged ETF iShares Trust | 2026-07-31 | $110K | $120K | $0 |
| Diversified Income Fund Principal Funds, Inc | 2026-07-31 | $100K | $112K | $0 |
| Lazard Retirement Global Dynamic Multi-Asset Portfolio LAZARD RETIREMENT SERIES INC | 2026-06-30 | $40K | $41K | $0 |
| Six Circles Global Bond Fund SIX CIRCLES TRUST | 2026-06-30 | $15K | $15K | $0 |
| Dimensional International Core Fixed Income ETF Dimensional ETF Trust | 2026-07-31 | $0 | $0 | -$300K |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Dimensional International Core Fixed Income ETF ($300K).
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 |
|---|---|---|---|---|---|
| BNDX VANGUARD TOTAL INTERNATIONAL BOND INDEX FUND | 2026-07-31 | 9 | $54.4M | $55.2M | 0.04% |
| IBND State Street(R) SPDR(R) Bloomberg International Corporate Bond ETF | 2026-06-30 | 7 | $3.1M | $3.3M | 0.71% |
| IAGG iShares Core International Aggregate Bond ETF | 2026-07-31 | 7 | $2.7M | $2.9M | 0.03% |
| PICB Invesco International Corporate Bond ETF | 2026-07-31 | 5 | $2.0M | $2.1M | 0.57% |
| NXUS Nuveen International Aggregate Bond ETF | 2026-06-30 | 1 | $1.8M | $2.0M | 0.05% |
| EUIG iShares Euro Investment Grade Corporate Bond USD Hedged ETF | 2026-07-31 | 2 | $110K | $120K | 0.57% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 4.47: safer than 43% of companies (42th percentile in Consumer Cyclical). Market-implied, prices to 2026-10-19, balance sheet 2026-06-30.
| Equity value | $43.72B |
| Debt barrier (short-term + ½ long-term debt) | $78.63B |
| Equity volatility (1 year) | 27.5% |
| Asset value / asset volatility (solved) | $119.06B / 10.1% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
No US-dollar bond with a yield to compute it from.
Accounts: Altman Z
Altman Z'' = 2.35 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
Against its own government
Yield minus the government's fitted curve at the same maturity, same currency, bonds with at least $25M held and 3 funds pricing them: EUR 10.9y +94 bp (as of Jul 2026).
The stock side: 13F filings
What institutions report holding in MBG.DE'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 | 1 | $96K | 0 | — | 0 | — | 0 |
| 2026-06-30 | 13 | $4.0M | 0 | — | 0 | — | 0 |
| 2026-03-31 | 13 | $4.5M | 0 | — | 0 | — | 0 |
| 2025-12-31 | 14 | $5.2M | 0 | — | 0 | — | 0 |
| 2025-09-30 | 9 | $4.1M | 0 | — | 0 | — | 0 |
| 2025-06-30 | 9 | $4.5M | 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.