Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München bonds MUV2.DE
Who owns Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München'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. MUV2.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 |
|---|---|---|---|---|---|---|---|---|---|
| ZO4944823 | 1.25% variable | 2041-05-26 | EUR | 88.99 | — | — | 7 | $27.6M | Jul 2026 |
| 62582PAA8 | 5.875% fixed | 2042-05-23 | USD | 101.51 | 5.73% | 83 bp | 7 | $14.0M | Jul 2026 |
| D5557XAC3 | 1% fixed | 2042-05-26 | EUR | 85.02 | 2.12% | — | 3 | $19.0M | Jul 2026 |
| BR1732717 | 1% fixed | 2042-05-26 | EUR | 172.67 | — | — | 1 | $888K | Jun 2026 |
| D5557XAD1 | 4.25% variable | 2044-05-26 | EUR | 99.33 | — | — | 5 | $17.4M | Jul 2026 |
| XS3156305925 | 4.125% fixed | 2046-05-26 | EUR | 97.11 | 4.34% | — | 3 | $6.4M | Jul 2026 |
| D5557XAA7 | 3.25% variable | 2049-05-26 | EUR | 98.70 | — | — | 4 | $5.7M | 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 | 6 | $90.1M | 97.90 | 5.73% | 83 bp | 7 |
| Jun 2026 | 7 | $53.9M | 99.92 | 5.63% | 88 bp | 12 |
| May 2026 | 2 | $23.9M | 94.28 | 5.63% | 82 bp | 7 |
| Apr 2026 | 6 | $83.0M | 98.54 | 5.63% | 96 bp | 10 |
| Mar 2026 | 7 | $52.5M | 98.25 | 5.67% | 106 bp | 12 |
| Feb 2026 | 2 | $23.7M | 96.13 | 5.40% | 92 bp | 7 |
| Jan 2026 | 6 | $72.0M | 100.99 | 5.45% | 88 bp | 9 |
| Dec 2025 | 7 | $51.8M | 100.39 | 5.46% | 92 bp | 12 |
| Nov 2025 | 3 | $26.3M | 104.79 | 5.43% | 96 bp | 7 |
| Oct 2025 | 6 | $66.6M | 101.11 | 5.43% | 101 bp | 9 |
| Sep 2025 | 7 | $83.5M | 100.06 | 5.47% | 96 bp | 12 |
| Aug 2025 | 3 | $26.0M | 103.39 | 5.56% | 90 bp | 7 |
| Jul 2025 | 5 | $64.9M | 99.81 | 5.66% | 91 bp | 9 |
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. 6 added, 3 cut, 1 new holders and 3 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 | $38.2M | $40.1M | $8.0M |
| VANGUARD TOTAL INTERNATIONAL BOND INDEX FUND VANGUARD CHARLOTTE FUNDS | 2026-07-31 | $30.1M | $31.7M | $6.0M |
| Nuveen Core Impact Bond Fund TIAA-CREF Funds | 2026-06-30 | $13.0M | $13.3M | $0 |
| College Retirement Equities Fund - Responsible Balanced Account College Retirement Equities Fund | 2026-06-30 | $11.6M | $11.9M | $0 |
| BBH Income Fund BBH Trust | 2026-07-31 | $9.8M | $10.0M | $0 |
| iShares 5-10 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $8.5M | $8.7M | -$46K |
| College Retirement Equities Fund - Core Bond Account College Retirement Equities Fund | 2026-06-30 | $8.2M | $8.4M | $0 |
| Spectrum Preferred and Capital Securities Income Fund Principal Funds, Inc | 2026-05-31 | $4.8M | $4.9M | $0 |
| Six Circles Global Bond Fund SIX CIRCLES TRUST | 2026-06-30 | $3.6M | $3.9M | $1.0M |
| Capital Securities Fund Principal Funds, Inc | 2026-05-31 | $3.6M | $3.7M | $0 |
| Calvert Green Bond Fund Calvert Impact Fund, Inc. | 2026-06-30 | $3.3M | $3.4M | $0 |
| Saturna Global Sustainable Bond Fund SATURNA INVESTMENT TRUST | 2026-05-31 | $3.2M | $3.2M | $200K |
| Transamerica Aegon Bond VP TRANSAMERICA SERIES TRUST | 2026-06-30 | $2.2M | $2.3M | $0 |
| iShares Core International Aggregate Bond ETF iShares Trust | 2026-07-31 | $1.8M | $1.9M | -$400K |
| Transamerica Aegon Core Bond VP TRANSAMERICA SERIES TRUST | 2026-06-30 | $1.8M | $1.8M | $0 |
| ONEASCENT CORE PLUS BOND ETF Unified Series Trust | 2026-05-31 | $1.6M | $1.6M | $600K |
| iShares Broad USD Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $1.4M | $1.4M | $0 |
| Guggenheim Core Bond Fund Guggenheim Funds Trust | 2026-06-30 | $1.4M | $1.4M | $0 |
| MEDIUM-DURATION BOND FUND GuideStone Funds | 2026-06-30 | $1.2M | $1.2M | $0 |
| iShares Core Universal USD Bond ETF iShares Trust | 2026-07-31 | $1.0M | $1.1M | $0 |
| iMGP Low Duration Income Fund LITMAN GREGORY FUNDS TRUST | 2026-06-30 | $1.0M | $1.0M | $0 |
| First American Multi-Manager Fixed-Income Fund PFM Multi-Manager Series Trust | 2026-06-30 | $1.0M | $1.0M | $0 |
| Nuveen Green Bond Fund TIAA-CREF Funds | 2026-06-30 | $1.0M | $1.0M | $0 |
| PACE Strategic Fixed Income Investments PACE SELECT ADVISORS TRUST | 2026-07-31 | $1.0M | $1.0M | $0 |
| THE HARTFORD TOTAL RETURN BOND FUND HARTFORD MUTUAL FUNDS, INC | 2026-07-31 | $900K | $961K | $0 |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Transamerica Bond ($2.2M), Transamerica Core Bond ($2.0M), Transamerica Multi-Managed Balanced ($1.0M).
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 | 5 | $30.1M | $31.7M | 0.03% |
| IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 1 | $8.5M | $8.7M | 0.05% |
| IAGG iShares Core International Aggregate Bond ETF | 2026-07-31 | 5 | $1.8M | $1.9M | 0.02% |
| OACP ONEASCENT CORE PLUS BOND ETF | 2026-05-31 | 1 | $1.6M | $1.6M | 0.62% |
| USIG iShares Broad USD Investment Grade Corporate Bond ETF | 2026-05-31 | 1 | $1.4M | $1.4M | 0.01% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 1 | $1.0M | $1.1M | 0.00% |
| NXUS Nuveen International Aggregate Bond ETF | 2026-06-30 | 1 | $900K | $888K | 0.02% |
| GRNB VanEck Green Bond ETF | 2026-07-31 | 1 | $700K | $711K | 0.39% |
| HTRB Hartford Total Return Bond ETF | 2026-07-31 | 2 | $500K | $537K | 0.02% |
| FPFD Fidelity Preferred Securities and Income ETF | 2026-05-31 | 1 | $200K | $205K | 0.25% |
| EUIG iShares Euro Investment Grade Corporate Bond USD Hedged ETF | 2026-07-31 | 1 | $100K | $103K | 0.49% |
| TRBF Angel Oak Total Return ETF | 2026-07-31 | 1 | $35K | $36K | 0.10% |
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 83 bp spread prices in about 1.4% 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 MUV2.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 | $497K | 0 | — | 0 | — | 0 |
| 2026-06-30 | 18 | $96.6M | 0 | — | 0 | — | 0 |
| 2026-03-31 | 18 | $103.0M | 0 | — | 0 | — | 0 |
| 2025-12-31 | 20 | $110.1M | 0 | — | 0 | — | 0 |
| 2025-09-30 | 15 | $108.8M | 0 | — | 0 | — | 0 |
| 2025-06-30 | 19 | $111.8M | 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.