Newell Brands Inc. bonds NWL
Who owns Newell Brands 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. NWL 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 |
|---|---|---|---|---|---|---|---|---|---|
| 651229BC9 | 6.375% fixed | 2027-09-15 | USD | 100.51 | 5.89% | 182 bp | 31 | $44.2M | Jul 2026 |
| 651229BG0 | 8.5% fixed | 2028-06-01 | USD | 104.39 | 5.93% | 174 bp | 89 | $212.4M | Jul 2026 |
| 651229BD7 | 6.625% fixed | 2029-09-15 | USD | 101.22 | 6.18% | 192 bp | 42 | $73.3M | Jul 2026 |
| 651229BF2 | 6.375% fixed | 2030-05-15 | USD | 101.08 | 6.05% | 176 bp | 63 | $126.4M | Jul 2026 |
| 651229BE5 | 6.625% fixed | 2032-05-15 | USD | 101.17 | 6.38% | 200 bp | 55 | $93.9M | Jul 2026 |
| 651229AX4 | 5.875% fixed | 2036-04-01 | USD | 100.86 | 5.76% | 117 bp | 26 | $66.8M | Jul 2026 |
| 651229AY2 | 6% fixed | 2046-04-01 | USD | 92.51 | 6.69% | 160 bp | 25 | $88.6M | 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 |
|---|---|---|---|---|---|---|
| Aug 2026 partial: filings still arriving | 2 | $40K | 100.89 | 6.05% | 170 bp | 1 |
| Jul 2026 | 7 | $705.7M | 101.08 | 6.05% | 176 bp | 89 |
| Jun 2026 | 7 | $827.1M | 101.40 | 5.96% | 179 bp | 103 |
| May 2026 | 7 | $418.8M | 98.72 | 6.59% | 220 bp | 54 |
| Apr 2026 | 7 | $723.7M | 97.95 | 6.64% | 244 bp | 89 |
| Mar 2026 | 7 | $767.6M | 96.06 | 7.40% | 316 bp | 108 |
| Feb 2026 | 7 | $419.0M | 100.87 | 6.13% | 249 bp | 56 |
| Jan 2026 | 7 | $793.4M | 98.86 | 6.58% | 272 bp | 93 |
| Dec 2025 | 7 | $783.5M | 97.75 | 6.71% | 284 bp | 118 |
| Nov 2025 | 7 | $415.2M | 96.07 | 7.08% | 312 bp | 61 |
| Oct 2025 | 7 | $755.4M | 95.04 | 7.31% | 369 bp | 98 |
| Sep 2025 | 8 | $702.6M | 100.01 | 6.44% | 248 bp | 128 |
| Aug 2025 | 7 | $454.5M | 98.71 | 6.47% | 255 bp | 79 |
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. 102 added, 75 cut, 26 new holders and 26 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| American High Income Trust | 2026-06-30 | $150.0M | $152.3M | -$50K |
| VANGUARD HIGH-YIELD CORPORATE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $132.8M | $134.6M | -$13.6M |
| Income Fund of America | 2026-07-31 | $91.4M | $93.0M | $0 |
| American Funds Multi-Sector Income Fund | 2026-06-30 | $88.2M | $89.0M | $0 |
| iShares Broad USD High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $86.6M | $87.3M | $2.7M |
| Franklin Income Fund Franklin Custodian Funds | 2026-06-30 | $65.0M | $67.9M | $0 |
| PGIM High Yield Fund Prudential Investment Portfolios, Inc. 15 | 2026-05-29 | $59.7M | $57.1M | -$4.6M |
| VanEck Fallen Angel High Yield Bond ETF VanEck ETF Trust | 2026-07-31 | $53.5M | $51.1M | $1.1M |
| iShares iBoxx $ High Yield Corporate Bond ETF iShares Trust | 2026-05-31 | $49.5M | $50.1M | -$2.9M |
| T. Rowe Price High Yield Fund, Inc. T. ROWE PRICE HIGH YIELD FUND, INC. | 2026-05-31 | $40.4M | $40.6M | $6.2M |
| NYLIM MacKay High Yield Corporate Bond Fund NYLIM FUNDS | 2026-07-31 | $39.0M | $39.8M | -$4.6M |
| BlackRock High Yield Portfolio BlackRock Funds V | 2026-06-30 | $37.8M | $38.7M | $7.2M |
| State Street(R) SPDR(R) Portfolio High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $35.9M | $36.6M | $8.4M |
| iShares Fallen Angels USD Bond ETF iShares Trust | 2026-07-31 | $36.7M | $35.2M | -$4.1M |
| American Funds Strategic Bond Fund | 2026-06-30 | $29.9M | $30.3M | -$685K |
| Capital Group U.S. Multi-Sector Income ETF Capital Group Fixed Income ETF Trust | 2026-06-30 | $29.1M | $29.5M | $2.8M |
| iShares 0-5 Year High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $27.1M | $27.7M | -$205K |
| JPMorgan High Yield Fund JPMorgan Trust II | 2026-05-31 | $26.7M | $26.8M | $938K |
| State Street(R) SPDR(R) Bloomberg High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $24.3M | $25.0M | $2.9M |
| LORD ABBETT BOND DEBENTURE FUND INC | 2026-06-30 | $23.3M | $23.6M | new |
| PGIM Short Duration High Yield Income Fund Prudential Investment Portfolios, Inc. 15 | 2026-05-29 | $23.4M | $23.3M | $3.0M |
| Capital Group Core Plus Income ETF Capital Group Fixed Income ETF Trust | 2026-06-30 | $20.8M | $21.2M | $1.1M |
| NYLIM MacKay Short Duration High Income Fund NYLIM FUNDS TRUST | 2026-07-31 | $18.9M | $19.3M | $1.7M |
| High Yield Fund John Hancock Bond Trust | 2026-05-31 | $18.6M | $19.2M | $5.5M |
| High Yield Fund Principal Funds, Inc | 2026-07-31 | $17.9M | $18.7M | -$11.6M |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Aristotle Strategic Income Fund ($12.3M), Franklin Global Allocation Fund ($5.9M), TCW METWEST TOTAL RETURN BOND FUND ($5.3M), Invesco High Yield Fund ($5.2M), Franklin High Income Fund ($3.8M), Putnam High Yield Fund ($2.6M), MFS Global Opportunistic Bond Fund ($1.9M), Franklin High Yield Corporate ETF ($1.4M), MFS CHARTER INCOME TRUST ($1.1M), MFS High Yield Portfolio ($910K).
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 | 7 | $86.6M | $87.3M | 0.31% |
| ANGL VanEck Fallen Angel High Yield Bond ETF | 2026-07-31 | 2 | $53.5M | $51.1M | 1.68% |
| HYG iShares iBoxx $ High Yield Corporate Bond ETF | 2026-05-31 | 5 | $49.5M | $50.1M | 0.31% |
| SPHY State Street(R) SPDR(R) Portfolio High Yield Bond ETF | 2026-06-30 | 7 | $35.9M | $36.6M | 0.32% |
| FALN iShares Fallen Angels USD Bond ETF | 2026-07-31 | 2 | $36.7M | $35.2M | 2.18% |
| CGMS Capital Group U.S. Multi-Sector Income ETF | 2026-06-30 | 5 | $29.1M | $29.5M | 0.57% |
| SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 2026-07-31 | 4 | $27.1M | $27.7M | 0.36% |
| JNK State Street(R) SPDR(R) Bloomberg High Yield Bond ETF | 2026-06-30 | 5 | $24.3M | $25.0M | 0.34% |
| CGCP Capital Group Core Plus Income ETF | 2026-06-30 | 4 | $20.8M | $21.2M | 0.25% |
| SJNK State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF | 2026-06-30 | 4 | $15.8M | $16.4M | 0.34% |
| JPHY JPMorgan Active High Yield ETF | 2026-05-31 | 2 | $11.6M | $11.8M | 0.53% |
| HYLB Xtrackers USD High Yield Corporate Bond ETF | 2026-05-29 | 5 | $10.5M | $10.6M | 0.30% |
| BHYB Xtrackers USD High Yield BB-B ex Financials ETF | 2026-05-31 | 7 | $9.0M | $8.9M | 0.37% |
| SCYB Schwab High Yield Bond ETF | 2026-05-31 | 7 | $8.2M | $8.0M | 0.32% |
| BSJS Invesco BulletShares 2028 High Yield Corporate Bond ETF | 2026-05-31 | 1 | $6.9M | $7.2M | 1.03% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 2.02: safer than 14% of companies (12th percentile in Consumer Defensive). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $2.37B |
| Debt barrier (short-term + ½ long-term debt) | $2.85B |
| Equity volatility (1 year) | 61.3% |
| Asset value / asset volatility (solved) | $5.10B / 28.8% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 176 bp spread prices in about 2.9% 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 = 0.50 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in NWL'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 | 39 | $95.9M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 415 | $2.73B | 10 | $5.3M | 13 | $33.6M | 0 |
| 2026-03-31 | 408 | $1.23B | 9 | $5.3M | 12 | $11.0M | 0 |
| 2025-12-31 | 416 | $1.49B | 14 | $11.0M | 15 | $25.7M | 2 |
| 2025-09-30 | 397 | $2.19B | 15 | $21.3M | 13 | $19.3M | 2 |
| 2025-06-30 | 392 | $2.27B | 16 | $18.9M | 17 | $20.1M | 2 |
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.