Bonds · Corporate issuer
National Australia Bank Limited bonds NAB.AX
Who owns National Australia Bank Limited'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. NAB.AX stock page.
Held by funds
$1.93B
77 bonds, fund marks Jul 2026
Fund holders
251
+24 vs prior quarter
USD spread over Treasuries
36 bp
+7 bp in a month · fund-reported
USD yield
4.67%
median yield to maturity · fund-reported
Distance-to-default
n/a
financial company: model not applied
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 |
|---|---|---|---|---|---|---|---|---|---|
| 63254G2L8 | 0.039% variable | 2026-08-13 | USD | 100.03 | — | — | 2 | $30.0M | May 2026 |
| AU3FN0062659 | 4.85% floating | 2026-08-24 | AUD | 100.01 | — | — | 2 | $16.2M | Jul 2026 |
| 63254G4B8 | 3.96% floating | 2026-10-02 | USD | 100.04 | — | — | 3 | $8.6M | Jun 2026 |
| AU3FN0082988 | 5.3% floating | 2026-11-16 | AUD | 100.15 | — | — | 1 | $13.4M | Jul 2026 |
| 6325C0EB3 | 1.887% fixed | 2027-01-12 | USD | 98.97 | 4.24% | 42 bp | 1 | $950K | Jul 2026 |
| 6325C0EC1 | 4.31% floating | 2027-01-12 | USD | 100.15 | — | — | 3 | $27.4M | Jul 2026 |
| 6325C1D55 | 4.31% floating | 2027-01-12 | USD | 100.19 | — | — | 1 | $2.0M | Jul 2026 |
| BU5978897 | 2.9% fixed | 2027-02-25 | AUD | 98.88 | 4.91% | — | 3 | $22.4M | Jul 2026 |
| AU3FN0066528 | 5.16% floating | 2027-02-25 | AUD | 100.21 | — | — | 3 | $73.2M | Jul 2026 |
| AU3CB0309417 | 4.95% fixed | 2027-05-10 | AUD | 99.96 | 4.99% | — | 2 | $6.5M | Jul 2026 |
| AU3FN0087672 | 5.13% floating | 2027-05-10 | AUD | 100.25 | — | — | 5 | $50.9M | Jul 2026 |
| 63254ABE7 | 3.91% fixed | 2027-06-09 | USD | 99.68 | 4.29% | 30 bp | 4 | $14.7M | Jul 2026 |
| Q6535DBT0 | 4.27% floating | 2027-06-11 | USD | 100.26 | — | — | 1 | $2.0M | Jul 2026 |
| 632525BQ3 | 4.27% floating | 2027-06-11 | USD | 100.25 | — | — | 12 | $101.7M | Jul 2026 |
| 63253QAJ3 | 5.09% fixed | 2027-06-11 | USD | 100.66 | 4.30% | 31 bp | 4 | $31.4M | Jul 2026 |
| AU3CB0314458 | 4.45% fixed | 2027-10-18 | AUD | 99.36 | 5.00% | — | 1 | $2.8M | Jul 2026 |
| AU3FN0092722 | 5.17% floating | 2027-10-18 | AUD | 100.35 | — | — | 5 | $65.0M | Jul 2026 |
| 632525BW0 | 4.27% floating | 2027-10-26 | USD | 100.27 | — | — | 12 | $107.9M | Jul 2026 |
| 632525CA7 | 4.5% fixed | 2027-10-26 | USD | 100.10 | 4.41% | 32 bp | 9 | $34.2M | Jul 2026 |
| 6325C0EK3 | 4.628% fixed | 2027-11-22 | USD | 100.82 | 4.08% | 33 bp | 1 | $1.0M | Apr 2026 |
| AU3CB0294502 | 4.95% fixed | 2027-11-25 | AUD | 99.86 | 5.06% | — | 3 | $37.4M | Jul 2026 |
| ZN5598372 | 5.64% floating | 2027-11-25 | AUD | 100.98 | — | — | 7 | $72.5M | Jul 2026 |
| 63253QAB0 | 4.94% fixed | 2028-01-12 | USD | 100.70 | 4.43% | 30 bp | 8 | $13.2M | Jul 2026 |
| 632525CG4 | 4.15% floating | 2028-03-06 | USD | 100.13 | — | — | 6 | $45.4M | Jul 2026 |
| AU3FN0098240 | 5.25% floating | 2028-04-14 | AUD | 100.53 | — | — | 1 | $16.9M | Jul 2026 |
| AU3CB0299246 | 4.4% fixed | 2028-05-12 | AUD | 98.80 | 5.11% | — | 3 | $18.7M | Jul 2026 |
| ZK4883987 | 5.44% floating | 2028-05-12 | AUD | 100.88 | — | — | 8 | $86.8M | Jul 2026 |
| BW6396087 | 2.125% fixed | 2028-05-24 | EUR | 98.26 | 3.12% | — | 1 | $452K | Jul 2026 |
| Q6534AKG5 | 2.125% fixed | 2028-05-24 | EUR | 98.12 | 3.21% | — | 4 | $40.9M | Jul 2026 |
| 632525CL3 | 4.3% floating | 2028-06-13 | USD | 100.40 | — | — | 14 | $86.1M | Jul 2026 |
| 632525CJ8 | 4.31% fixed | 2028-06-13 | USD | 99.67 | 4.50% | 30 bp | 10 | $20.9M | Jul 2026 |
| 63253QAE4 | 4.9% fixed | 2028-06-13 | USD | 100.76 | 4.47% | 27 bp | 12 | $22.5M | Jul 2026 |
| AU1918864 | 1.375% fixed | 2028-08-30 | EUR | 96.39 | 3.19% | — | 6 | $11.6M | Jul 2026 |
| AU3CB0327070 | 4.1% fixed | 2028-10-16 | AUD | 97.93 | 5.10% | — | 1 | $207K | Jul 2026 |
| AU3CB0304434 | 5.4% fixed | 2028-11-16 | AUD | 100.64 | 5.10% | — | 4 | $12.6M | Jul 2026 |
| AU3FN0082996 | 5.48% floating | 2028-11-16 | AUD | 101.12 | — | — | 2 | $1.8M | Jul 2026 |
| 632525BL4 | 5.134% fixed | 2028-11-28 | USD | 101.76 | 4.36% | 23 bp | 3 | $52.2M | Jun 2026 |
| 632525CQ2 | 3.85% fixed | 2028-12-13 | USD | 98.43 | 4.55% | 32 bp | 10 | $60.5M | Jul 2026 |
| 632525CN9 | 4.18% floating | 2028-12-13 | USD | 100.10 | — | — | 13 | $81.9M | Jul 2026 |
| Q6530X3Z6 | 0.01% fixed | 2029-01-06 | EUR | 92.70 | 3.17% | — | 3 | $60.2M | Jul 2026 |
| 63253QAG9 | 4.79% fixed | 2029-01-10 | USD | 100.62 | 4.52% | 28 bp | 8 | $26.3M | Jul 2026 |
| ZD7617297 | 4.85% fixed | 2029-03-22 | AUD | 99.40 | 5.09% | — | 4 | $25.5M | Jul 2026 |
| AU3FN0085742 | 5.367% floating | 2029-03-22 | AUD | 100.88 | — | — | 5 | $26.7M | Jul 2026 |
| Q6535DCR3 | 4.176% floating | 2029-06-04 | USD | 100.08 | — | — | 1 | $13.8M | May 2026 |
| 632525CS8 | 4.19% floating | 2029-06-04 | USD | 100.15 | — | — | 3 | $40.6M | Jul 2026 |
| 632525CT6 | 4.43% fixed | 2029-06-04 | USD | 99.54 | 4.60% | 35 bp | 14 | $131.2M | Jul 2026 |
| Q6534AQA2 | 2.347% fixed | 2029-08-30 | EUR | 97.62 | 3.17% | — | 2 | $450K | Jul 2026 |
| AU3FN0093613 | 5.264% floating | 2029-11-14 | AUD | 100.67 | — | — | 1 | $4.0M | Jul 2026 |
| 632525CC3 | 4.45% floating | 2030-01-14 | USD | 100.79 | — | — | 11 | $80.5M | Jul 2026 |
| 63253QAL8 | 4.9% fixed | 2030-01-14 | USD | 100.88 | 4.62% | 34 bp | 8 | $20.4M | Jul 2026 |
| YV3209025 | 3.125% fixed | 2030-02-28 | EUR | 99.13 | 3.38% | — | 4 | $12.7M | Jul 2026 |
| 632525CK5 | 4.53% fixed | 2030-06-13 | USD | 99.43 | 4.69% | 40 bp | 8 | $13.5M | Jul 2026 |
| 632525AU5 | 2.332% fixed | 2030-08-21 | USD | 89.42 | 5.26% | 96 bp | 4 | $4.6M | Jul 2026 |
| Q6532MUL9 | 2.723% fixed | 2030-08-27 | EUR | 97.87 | 3.29% | — | 3 | $13.9M | Jul 2026 |
| 632525CR0 | 4.15% fixed | 2031-01-13 | USD | 97.92 | 4.67% | 36 bp | 7 | $8.6M | Jul 2026 |
| 632525CP4 | 4.34% floating | 2031-01-13 | USD | 100.34 | — | — | 8 | $99.8M | Jul 2026 |
| Q6534A5D9 | 3.146% fixed | 2031-02-05 | EUR | 99.19 | 3.34% | — | 1 | $343K | Jul 2026 |
| AU3CB0334613 | 5.38% fixed | 2031-05-12 | AUD | 100.55 | 5.25% | — | 1 | $141K | Jul 2026 |
| ZS6149380 | 1.13% fixed | 2031-05-20 | EUR | 90.16 | 3.38% | — | 3 | $5.3M | Jul 2026 |
| 632525AY7 | 2.99% fixed | 2031-05-21 | USD | 90.16 | 5.34% | 101 bp | 4 | $2.6M | Jul 2026 |
| Q6530X5Y7 | 1.699% variable | 2031-09-15 | GBP | 99.66 | — | — | 1 | $16.6M | Jul 2026 |
| XS3013013241 | 2.85% fixed | 2032-03-03 | EUR | 97.22 | 3.40% | — | 3 | $24.3M | Jul 2026 |
| AU3CB0291284 | 6.32% fixed | 2032-08-03 | AUD | 100.81 | 6.16% | — | 3 | $9.1M | Jul 2026 |
| 632525BC4 | 6.429% fixed | 2033-01-12 | USD | 104.45 | 5.60% | 117 bp | 2 | $4.3M | Jul 2026 |
| Q6535DBH6 | 6.43% fixed | 2033-01-12 | USD | 104.62 | 5.57% | 114 bp | 1 | $1.0M | Jul 2026 |
| XS3307268576 | 2.85% fixed | 2033-03-04 | EUR | 96.60 | 3.43% | — | 1 | $668K | Jul 2026 |
| AU3CB0297554 | 6.16% variable | 2033-03-09 | AUD | 100.89 | — | — | 2 | $5.1M | Jul 2026 |
| AU3FN0075966 | 6.654% floating | 2033-03-09 | AUD | 101.95 | — | — | 1 | $222K | Jul 2026 |
| 632525BN0 | 4.95% fixed | 2034-01-10 | USD | 98.98 | 5.12% | 64 bp | 4 | $7.8M | Jul 2026 |
| AU3CB0306462 | 5.74% fixed | 2034-02-09 | AUD | 100.17 | 5.71% | — | 1 | $282K | Jul 2026 |
| 632525BS9 | 5.181% fixed | 2034-06-11 | USD | 100.43 | 5.11% | 61 bp | 2 | $8.3M | Jul 2026 |
| 632525AS0 | 3.933% fixed | 2034-08-02 | USD | 96.30 | 4.49% | -2 bp | 2 | $1.7M | Jul 2026 |
| YK8899055 | 5.1% fixed | 2035-10-16 | AUD | 96.00 | 5.66% | — | 2 | $2.7M | Jul 2026 |
| AU3CB0328235 | 5.082% variable | 2035-11-14 | AUD | 97.03 | — | — | 1 | $13.7M | Jul 2026 |
| AU3FN0104659 | 5.744% floating | 2035-11-14 | AUD | 100.54 | — | — | 1 | $10.1M | Jun 2026 |
| 632525CF6 | 5.902% variable | 2036-01-14 | USD | 100.46 | — | — | 3 | $1.7M | Jul 2026 |
| XS3276167577 | 3.61% variable | 2036-01-22 | EUR | 98.21 | — | — | 2 | $6.0M | Jul 2026 |
| 632525BB6 | 3.347% variable | 2037-01-12 | USD | 89.64 | — | — | 4 | $21.5M | Jul 2026 |
| 632525CU3 | 5.625% fixed | 2037-06-04 | USD | 97.72 | 5.91% | 127 bp | 7 | $11.7M | Jul 2026 |
| YX3548840 | 6.342% fixed | 2039-06-06 | AUD | 100.70 | 6.26% | — | 1 | $354K | Jul 2026 |
| YM6056837 | 5.77% variable | 2040-07-30 | AUD | 96.24 | — | — | 3 | $9.0M | Jul 2026 |
| 632525AW1 | 2.65% fixed | 2041-01-14 | USD | 68.28 | 5.95% | 113 bp | 1 | $840K | Jul 2026 |
| AU3CB0334621 | 6.558% fixed | 2041-05-12 | AUD | 101.69 | 6.38% | — | 1 | $1.4M | 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 | 77 | $1.93B | 100.10 | 4.67% | 36 bp | 14 |
| Jun 2026 | 55 | $1.30B | 100.12 | 4.46% | 30 bp | 20 |
| May 2026 | 37 | $782.1M | 100.13 | 4.39% | 31 bp | 12 |
| Apr 2026 | 74 | $1.68B | 100.11 | 4.36% | 44 bp | 15 |
| Mar 2026 | 48 | $1.12B | 99.97 | 4.18% | 45 bp | 20 |
| Feb 2026 | 32 | $716.4M | 100.52 | 3.86% | 25 bp | 13 |
| Jan 2026 | 75 | $1.60B | 100.38 | 4.11% | 33 bp | 17 |
| Dec 2025 | 48 | $1.02B | 100.41 | 3.93% | 34 bp | 20 |
| Nov 2025 | 35 | $1.00B | 100.31 | 3.90% | 29 bp | 13 |
| Oct 2025 | 73 | $1.63B | 100.41 | 4.05% | 45 bp | 15 |
| Sep 2025 | 50 | $1.08B | 100.37 | 4.00% | 39 bp | 19 |
| Aug 2025 | 34 | $991.8M | 100.39 | 4.00% | 26 bp | 13 |
| Jul 2025 | 75 | $1.64B | 100.29 | 4.31% | 38 bp | 14 |
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. 87 added, 20 cut, 40 new holders and 16 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| DFA FIVE-YEAR GLOBAL FIXED INCOME PORTFOLIO DFA INVESTMENT DIMENSIONS GROUP INC | 2026-07-31 | $376.9M | $285.0M | $38.8M |
| Baird Aggregate Bond Fund Baird Funds Inc | 2026-06-30 | $217.5M | $205.1M | $30.0M |
| VANGUARD WELLESLEY INCOME FUND | 2026-06-30 | $203.4M | $195.9M | $12.2M |
| iShares Floating Rate Bond ETF iShares Trust | 2026-07-31 | $195.2M | $195.7M | $37.8M |
| Baird Core Plus Bond Fund Baird Funds Inc | 2026-06-30 | $180.7M | $169.3M | $34.0M |
| DFA Investment Grade Portfolio DFA INVESTMENT DIMENSIONS GROUP INC | 2026-07-31 | $198.0M | $143.4M | $0 |
| Putnam Ultra Short Duration Income Fund Putnam Funds Trust | 2026-07-31 | $138.3M | $138.1M | $4.8M |
| VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $134.7M | $135.7M | $21.8M |
| VANGUARD TOTAL INTERNATIONAL BOND II INDEX FUND VANGUARD CHARLOTTE FUNDS | 2026-07-31 | $143.9M | $127.7M | $11.4M |
| VANGUARD WELLINGTON FUND | 2026-05-31 | $126.9M | $120.5M | $0 |
| VANGUARD TOTAL INTERNATIONAL BOND INDEX FUND VANGUARD CHARLOTTE FUNDS | 2026-07-31 | $122.6M | $116.4M | $10.0M |
| DFA TWO-YEAR GLOBAL FIXED INCOME PORTFOLIO DFA INVESTMENT DIMENSIONS GROUP INC | 2026-07-31 | $137.5M | $112.2M | $14.0M |
| DFA Short-Term Extended Quality Portfolio DFA INVESTMENT DIMENSIONS GROUP INC | 2026-07-31 | $108.8M | $104.2M | $44.4M |
| VanEck IG Floating Rate ETF VanEck ETF Trust | 2026-07-31 | $79.5M | $79.8M | $13.7M |
| iShares 1-5 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $74.0M | $73.2M | $4.5M |
| Guggenheim Total Return Bond Fund Guggenheim Funds Trust | 2026-06-30 | $68.8M | $66.6M | $16.0M |
| iShares Ultra Short Duration Bond Active ETF iShares U.S. ETF Trust | 2026-07-31 | $63.5M | $63.3M | $38.0M |
| VANGUARD TOTAL BOND MARKET II INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $62.5M | $62.9M | $4.3M |
| VANGUARD TOTAL BOND MARKET INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $61.6M | $62.0M | $2.9M |
| JPMorgan Strategic Income Opportunities Fund JPMorgan Trust I | 2026-05-31 | $56.0M | $56.2M | $13.7M |
| Dimensional Short-Duration Fixed Income ETF Dimensional ETF Trust | 2026-07-31 | $51.4M | $50.2M | -$1.2M |
| State Street(R) SPDR(R) Bloomberg Investment Grade Floating Rate ETF SPDR SERIES TRUST | 2026-06-30 | $49.8M | $50.0M | $5.2M |
| State Street(R) SPDR(R) Portfolio Short Term Corporate Bond ETF SPDR SERIES TRUST | 2026-06-30 | $49.1M | $49.0M | $7.0M |
| DFA ONE-YEAR FIXED INCOME PORTFOLIO DFA INVESTMENT DIMENSIONS GROUP INC | 2026-07-31 | $45.1M | $45.2M | $28.3M |
| PGIM Ultra Short Bond ETF PGIM ETF Trust | 2026-05-29 | $45.0M | $45.1M | $0 |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Lord Abbett Ultra Short Bond Fund ($30.1M), iShares iBonds Dec 2026 Term Corporate ETF ($12.2M), VANGUARD INSTITUTIONAL INTERMEDIATE-TERM BOND FUND ($10.0M), Allspring Ultra Short-Term Income Fund ($7.0M), Invesco Short Term Bond Fund ($2.8M), ENHANCED U.S. LARGE COMPANY PORTFOLIO ($2.5M), T. Rowe Price Corporate Income Fund, Inc. ($2.2M), Capital World Bond Fund ($1.2M), Short Duration Bond Fund ($1.0M), AST Multi-Asset Diversified Portfolio ($750K).
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 |
|---|---|---|---|---|---|
| FLOT iShares Floating Rate Bond ETF | 2026-07-31 | 9 | $195.2M | $195.7M | 1.90% |
| VCSH VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 9 | $134.7M | $135.7M | 0.27% |
| BNDX VANGUARD TOTAL INTERNATIONAL BOND INDEX FUND | 2026-07-31 | 12 | $122.6M | $116.4M | 0.10% |
| FLTR VanEck IG Floating Rate ETF | 2026-07-31 | 9 | $79.5M | $79.8M | 2.66% |
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 14 | $74.0M | $73.2M | 0.33% |
| ICSH iShares Ultra Short Duration Bond Active ETF | 2026-07-31 | 3 | $63.5M | $63.3M | 0.78% |
| BND VANGUARD TOTAL BOND MARKET INDEX FUND | 2026-06-30 | 6 | $61.6M | $62.0M | 0.02% |
| DFSD Dimensional Short-Duration Fixed Income ETF | 2026-07-31 | 11 | $51.4M | $50.2M | 0.70% |
| FLRN State Street(R) SPDR(R) Bloomberg Investment Grade Floating Rate ETF | 2026-06-30 | 9 | $49.8M | $50.0M | 1.69% |
| SPSB State Street(R) SPDR(R) Portfolio Short Term Corporate Bond ETF | 2026-06-30 | 7 | $49.1M | $49.0M | 0.46% |
| PULS PGIM Ultra Short Bond ETF | 2026-05-29 | 2 | $45.0M | $45.1M | 0.28% |
| AGG iShares Core U.S. Aggregate Bond ETF | 2026-05-31 | 12 | $42.9M | $43.2M | 0.03% |
| BSV VANGUARD SHORT-TERM BOND INDEX FUND | 2026-06-30 | 7 | $41.4M | $41.7M | 0.06% |
| DFCF Dimensional Core Fixed Income ETF | 2026-07-31 | 8 | $47.7M | $40.6M | 0.37% |
| IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 6 | $38.9M | $39.1M | 0.21% |
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 36 bp spread prices in about 0.6% 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
Not available.
The stock side: 13F filings
What institutions report holding in NAB.AX'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 | 2 | $756K | 0 | — | 0 | — | 0 |
| 2026-06-30 | 11 | $3.5M | 0 | — | 0 | — | 1 |
| 2026-03-31 | 10 | $4.9M | 0 | — | 0 | — | 1 |
| 2025-12-31 | 9 | $4.6M | 0 | — | 0 | — | 1 |
| 2025-09-30 | 10 | $4.4M | 0 | — | 0 | — | 1 |
| 2025-06-30 | 10 | $4.1M | 0 | — | 0 | — | 1 |
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.