National Bank of Canada bonds NA.TO
Who owns National Bank of Canada'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. NA.TO 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 |
|---|---|---|---|---|---|---|---|---|---|
| 63307NPK7 | 0.04% variable | 2026-08-14 | USD | 100.00 | — | — | 2 | $30.0M | May 2026 |
| 63305LN33 | 4.431% floating | 2026-08-20 | USD | 100.11 | — | — | 1 | $10.0M | May 2026 |
| 63307A2Z7 | 4.67% floating | 2027-07-02 | USD | 100.00 | — | — | 12 | $120.3M | Jun 2026 |
| 63307A3A1 | 5.6% fixed | 2027-07-02 | USD | 100.00 | 5.60% | 169 bp | 7 | $77.4M | Jun 2026 |
| 63305MH95 | 13% floating | 2027-07-09 | USD | 97.03 | — | — | 1 | $14.6M | May 2026 |
| 63305LT60 | 4.05% fixed | 2027-09-30 | USD | 99.31 | 4.62% | 66 bp | 1 | $14.8M | Jun 2026 |
| 63305MUW9 | 4.3% floating | 2027-10-06 | USD | 100.09 | — | — | 1 | $45.0M | May 2026 |
| 63305TET9 | 14.2% floating | 2027-11-26 | USD | 99.77 | — | — | 1 | $8.0M | May 2026 |
| ZM5003672 | 3.75% fixed | 2028-01-25 | EUR | 101.16 | 2.98% | — | 1 | $346K | Jun 2026 |
| 63307A3D5 | 4.95% variable | 2028-02-01 | USD | 100.21 | — | — | 4 | $56.6M | Jul 2026 |
| C6020PGV0 | 0.01% fixed | 2028-03-25 | EUR | 95.29 | 2.83% | — | 1 | $109K | Jun 2026 |
| XS2615559130 | 3.5% fixed | 2028-04-25 | EUR | 100.57 | 3.15% | — | 1 | $290K | Jul 2026 |
| 63307A3P8 | 4.373% variable | 2028-04-30 | USD | 99.81 | — | — | 3 | $91.5M | Jun 2026 |
| 63306AHP4 | 5.219% fixed | 2028-06-14 | CAD | 103.17 | 3.45% | — | 2 | $2.0M | Jul 2026 |
| 136765BY9 | 4.57% fixed | 2028-07-11 | CAD | 102.16 | 3.41% | — | 3 | $1.9M | Jul 2026 |
| 63306AJM9 | 3.308% variable | 2028-08-15 | CAD | 99.99 | — | — | 2 | $61.3M | Jul 2026 |
| 63307A2X2 | 5.6% fixed | 2028-12-18 | USD | 102.06 | 4.67% | 44 bp | 11 | $14.6M | Jul 2026 |
| 63307A3K9 | 4.166% fixed | 2029-01-20 | USD | 99.24 | 4.49% | 26 bp | 19 | $105.2M | Jul 2026 |
| 63307A3L7 | 4.395% floating | 2029-01-20 | USD | 100.22 | — | — | 5 | $34.5M | Jul 2026 |
| 63306AHT6 | 5.023% fixed | 2029-02-01 | CAD | 103.40 | 3.59% | — | 7 | $20.7M | Jul 2026 |
| 63305MER8 | 5% fixed | 2029-04-09 | USD | 98.01 | 5.76% | 173 bp | 1 | $2.9M | May 2026 |
| XS2806614223 | 3.75% fixed | 2029-05-02 | EUR | 101.21 | 3.28% | — | 5 | $11.4M | Jul 2026 |
| 63306AJF4 | 3.522% variable | 2029-07-17 | CAD | 99.92 | — | — | 2 | $9.6M | Jul 2026 |
| 63307A3B9 | 4.5% fixed | 2029-10-10 | USD | 99.04 | 4.83% | 56 bp | 14 | $44.3M | Jul 2026 |
| 63306AJV9 | 3.64% fixed | 2030-04-13 | CAD | 99.83 | 3.69% | — | 1 | $5.3M | Jul 2026 |
| 63305MNW7 | 5% fixed | 2030-07-24 | USD | 98.13 | 5.50% | 160 bp | 1 | $393K | Apr 2026 |
| 63306AJG2 | 3.54% fixed | 2031-01-13 | CAD | 99.08 | 3.77% | — | 2 | $5.6M | Jul 2026 |
| XS3275405309 | 2.75% fixed | 2031-01-20 | EUR | 97.90 | 3.26% | — | 3 | $23.3M | Jul 2026 |
| 63305MQ20 | 4.5% fixed | 2031-01-29 | USD | 98.06 | 4.97% | 84 bp | 1 | $4.9M | May 2026 |
| 63306AJW7 | 3.682% variable | 2031-06-23 | CAD | 99.91 | — | — | 2 | $13.8M | Jul 2026 |
| 63306AJH0 | 3.44% fixed | 2031-10-21 | CAD | 98.11 | 3.84% | — | 1 | $420K | Jul 2026 |
| 63307A3Q6 | 4.928% fixed | 2032-06-04 | USD | 98.61 | 5.20% | 82 bp | 9 | $10.3M | Jul 2026 |
| 63306AHF6 | 5.426% variable | 2032-08-16 | CAD | 102.01 | — | — | 4 | $2.6M | Jul 2026 |
| 136765BX1 | 5.949% variable | 2034-01-29 | CAD | 104.88 | — | — | 2 | $3.2M | Jul 2026 |
| 63309ZNN4 | 4.26% fixed | 2035-02-15 | CAD | 100.56 | 4.18% | — | 1 | $430K | Jul 2026 |
| 63309ZNP9 | 4.333% variable | 2035-08-15 | CAD | 100.50 | — | — | 2 | $7.2M | 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 | 22 | $434.4M | 100.21 | 4.75% | 50 bp | 19 |
| Jun 2026 | 19 | $864.9M | 100.00 | 4.65% | 59 bp | 27 |
| May 2026 | 17 | $766.9M | 100.03 | 4.90% | 67 bp | 26 |
| Apr 2026 | 25 | $529.4M | 57.09 | 4.52% | 67 bp | 19 |
| Mar 2026 | 12 | $707.8M | 100.22 | 4.44% | 70 bp | 28 |
| Feb 2026 | 15 | $1.02B | 100.11 | 4.41% | 74 bp | 26 |
| Jan 2026 | 24 | $618.9M | 100.01 | 4.41% | 82 bp | 22 |
| Dec 2025 | 14 | $613.6M | 100.86 | 4.40% | 83 bp | 19 |
| Nov 2025 | 13 | $951.2M | 100.10 | 4.61% | 98 bp | 26 |
| Oct 2025 | 26 | $575.4M | 76.11 | 4.61% | 104 bp | 13 |
| Sep 2025 | 14 | $610.6M | 100.61 | 4.43% | 81 bp | 18 |
| Aug 2025 | 12 | $911.9M | 100.14 | 4.62% | 83 bp | 25 |
| Jul 2025 | 27 | $548.0M | 55.59 | 4.77% | 81 bp | 13 |
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. 47 added, 25 cut, 24 new holders and 12 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| JPMorgan Ultra-Short Income ETF J.P. Morgan Exchange-Traded Fund Trust | 2026-05-31 | $247.7M | $247.4M | -$182.0M |
| VANGUARD ULTRA-SHORT-TERM BOND FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $98.0M | $97.7M | $0 |
| PIMCO Enhanced Short Maturity Active Exchange-Traded Fund PIMCO ETF Trust | 2026-06-30 | $90.8M | $90.5M | $40.0M |
| VANGUARD TOTAL INTERNATIONAL BOND II INDEX FUND VANGUARD CHARLOTTE FUNDS | 2026-07-31 | $89.6M | $68.5M | $19.7M |
| VANGUARD TOTAL INTERNATIONAL BOND INDEX FUND VANGUARD CHARLOTTE FUNDS | 2026-07-31 | $84.6M | $64.7M | $19.7M |
| Fidelity Conservative Income Bond Fund Fidelity Salem Street Trust | 2026-05-31 | $63.0M | $63.1M | -$6.1M |
| PIMCO Short-Term Floating NAV Portfolio III PIMCO FUNDS | 2026-06-30 | $61.0M | $61.0M | new |
| VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $58.9M | $59.5M | $5.4M |
| Baird Core Plus Bond Fund Baird Funds Inc | 2026-06-30 | $56.5M | $56.9M | $11.5M |
| Putnam Ultra Short Duration Income Fund Putnam Funds Trust | 2026-07-31 | $56.3M | $56.1M | -$48.5M |
| Baird Aggregate Bond Fund Baird Funds Inc | 2026-06-30 | $54.9M | $55.1M | $16.9M |
| VANGUARD ULTRA-SHORT BOND ETF VANGUARD BOND INDEX FUNDS | 2026-06-30 | $54.2M | $54.0M | $0 |
| VANGUARD INSTITUTIONAL INTERMEDIATE-TERM BOND FUND VANGUARD MALVERN FUNDS | 2026-06-30 | $50.6M | $50.5M | $0 |
| PIMCO Short-Term Floating NAV Portfolio II PIMCO FUNDS | 2026-06-30 | $47.7M | $47.7M | new |
| Baird Ultra Short Bond Fund Baird Funds Inc | 2026-06-30 | $47.7M | $47.6M | new |
| PGIM Ultra Short Bond ETF PGIM ETF Trust | 2026-05-29 | $45.0M | $45.0M | $0 |
| Baird Short-Term Bond Fund Baird Funds Inc | 2026-06-30 | $45.0M | $44.7M | $0 |
| JPMorgan Managed Income Fund JPMorgan Trust I | 2026-05-31 | $37.5M | $37.4M | -$29.3M |
| Dimensional Short-Duration Fixed Income ETF Dimensional ETF Trust | 2026-07-31 | $33.7M | $33.5M | $0 |
| State Street(R) SPDR(R) Portfolio Intermediate Term Corporate Bond ETF SPDR SERIES TRUST | 2026-06-30 | $33.4M | $33.3M | $27.0M |
| JPMorgan Strategic Income Opportunities Fund JPMorgan Trust I | 2026-05-31 | $30.2M | $30.2M | $12.2M |
| JPMorgan Short Duration Bond Fund JPMorgan Trust II | 2026-05-31 | $30.0M | $29.9M | $0 |
| VANGUARD INSTITUTIONAL SHORT-TERM BOND FUND VANGUARD MALVERN FUNDS | 2026-06-30 | $26.7M | $26.7M | $0 |
| VANGUARD CORE BOND FUND VANGUARD MALVERN FUNDS | 2026-06-30 | $25.0M | $25.0M | $0 |
| Booster Income Opportunities Fund | 2026-05-31 | $23.0M | $22.5M | $8.0M |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): PIMCO Short-Term Fund ($75.6M), Lord Abbett Ultra Short Bond Fund ($72.3M), VANGUARD SHORT-TERM INVESTMENT-GRADE FUND ($36.5M), iShares Floating Rate Bond ETF ($20.2M), FlexShares Ultra-Short Income Fund ($6.3M), PIMCO Short-Term Portfolio ($4.6M), Six Circles Tax Aware Ultra Short Duration Fund ($1.8M), BNY Mellon Active Core Bond ETF ($1.7M), VANGUARD SHORT DURATION BOND ETF ($750K), Nationwide Loomis Short Term Bond Fund ($435K).
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 |
|---|---|---|---|---|---|
| JPST JPMorgan Ultra-Short Income ETF | 2026-05-31 | 4 | $247.7M | $247.4M | 0.64% |
| MINT PIMCO Enhanced Short Maturity Active Exchange-Traded Fund | 2026-06-30 | 4 | $90.8M | $90.5M | 0.55% |
| BNDX VANGUARD TOTAL INTERNATIONAL BOND INDEX FUND | 2026-07-31 | 8 | $84.6M | $64.7M | 0.05% |
| VCSH VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 3 | $58.9M | $59.5M | 0.12% |
| VUSB VANGUARD ULTRA-SHORT BOND ETF | 2026-06-30 | 2 | $54.2M | $54.0M | 0.60% |
| PULS PGIM Ultra Short Bond ETF | 2026-05-29 | 1 | $45.0M | $45.0M | 0.28% |
| DFSD Dimensional Short-Duration Fixed Income ETF | 2026-07-31 | 4 | $33.7M | $33.5M | 0.47% |
| SPIB State Street(R) SPDR(R) Portfolio Intermediate Term Corporate Bond ETF | 2026-06-30 | 3 | $33.4M | $33.3M | 0.29% |
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 4 | $20.7M | $20.8M | 0.09% |
| SPSB State Street(R) SPDR(R) Portfolio Short Term Corporate Bond ETF | 2026-06-30 | 2 | $20.6M | $20.6M | 0.19% |
| AGG iShares Core U.S. Aggregate Bond ETF | 2026-05-31 | 4 | $15.2M | $15.3M | 0.01% |
| GSY Invesco Ultra Short Duration ETF | 2026-07-31 | 1 | $12.7M | $12.6M | 0.32% |
| BSV VANGUARD SHORT-TERM BOND INDEX FUND | 2026-06-30 | 3 | $9.4M | $9.5M | 0.01% |
| BND VANGUARD TOTAL BOND MARKET INDEX FUND | 2026-06-30 | 1 | $9.0M | $9.2M | 0.00% |
| EAGG iShares ESG Aware U.S. Aggregate Bond ETF | 2026-05-31 | 3 | $8.9M | $9.0M | 0.19% |
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 50 bp spread prices in about 0.8% 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 NA.TO'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 | 3 | $122.2M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 8 | $136.3M | 0 | — | 0 | — | 0 |
| 2026-03-31 | 8 | $118.7M | 0 | — | 0 | — | 0 |
| 2025-12-31 | 8 | $24.2M | 0 | — | 0 | — | 0 |
| 2025-09-30 | 7 | $101.9M | 0 | — | 0 | — | 0 |
| 2025-06-30 | 8 | $98.9M | 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.