Principal Financial Group, Inc. bonds PFG
Who owns Principal Financial Group, 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. PFG 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 |
|---|---|---|---|---|---|---|---|---|---|
| 74256LEP0 | 1.25% fixed | 2026-08-16 | USD | 99.88 | 4.05% | 32 bp | 1 | $1.3M | Jul 2026 |
| 74251VAM4 | 3.1% fixed | 2026-11-15 | USD | 99.63 | 4.39% | 64 bp | 6 | $11.7M | Jul 2026 |
| 74256LES4 | 1.5% fixed | 2026-11-17 | USD | 99.21 | 4.19% | 44 bp | 2 | $10.7M | Jul 2026 |
| 74251VAP7 | 4.111% fixed | 2028-02-15 | USD | 99.18 | 4.66% | 52 bp | 11 | $34.6M | Jul 2026 |
| 74256LEY1 | 5.1% fixed | 2029-01-25 | USD | 100.58 | 4.85% | 61 bp | 4 | $2.8M | Jul 2026 |
| 74251VAR3 | 3.7% fixed | 2029-05-15 | USD | 97.13 | 4.81% | 56 bp | 19 | $25.9M | Jul 2026 |
| 74251VAS1 | 2.125% fixed | 2030-06-15 | USD | 89.96 | 5.01% | 72 bp | 17 | $17.2M | Jul 2026 |
| 74251VAT9 | 5.375% fixed | 2033-03-15 | USD | 100.51 | 5.28% | 85 bp | 11 | $6.0M | Jul 2026 |
| 74251VAA0 | 6.05% fixed | 2036-10-15 | USD | 103.86 | 5.55% | 94 bp | 11 | $11.8M | Jul 2026 |
| 74251VAW2 | 5.3% fixed | 2037-01-15 | USD | 96.95 | 5.69% | 107 bp | 16 | $17.5M | Jul 2026 |
| 74251VAF9 | 4.625% fixed | 2042-09-15 | USD | 85.72 | 6.02% | 111 bp | 8 | $1.9M | Jul 2026 |
| 74251VAJ1 | 4.35% fixed | 2043-05-15 | USD | 81.63 | 6.11% | 117 bp | 5 | $1.4M | Jul 2026 |
| 74251VAN2 | 4.3% fixed | 2046-11-15 | USD | 79.30 | 6.09% | 98 bp | 4 | $1.2M | Jul 2026 |
| 42981DAA4 | 4.682% fixed | 2048-02-15 | USD | 80.96 | 6.31% | 120 bp | 1 | $300K | Jul 2026 |
| 74251VAU6 | 5.5% fixed | 2053-03-15 | USD | 92.02 | 6.11% | 101 bp | 5 | $923K | Jul 2026 |
| 42981FAA9 | 5.807% fixed | 2055-02-15 | USD | 94.12 | 6.25% | 115 bp | 1 | $99K | 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 | 16 | $145.3M | 97.04 | 5.69% | 98 bp | 19 |
| Jun 2026 | 15 | $294.0M | 98.19 | 5.41% | 81 bp | 25 |
| May 2026 | 15 | $231.2M | 98.81 | 5.24% | 73 bp | 25 |
| Apr 2026 | 15 | $92.7M | 97.67 | 5.53% | 93 bp | 17 |
| Mar 2026 | 16 | $282.7M | 97.57 | 5.54% | 99 bp | 22 |
| Feb 2026 | 14 | $228.9M | 98.68 | 4.94% | 77 bp | 25 |
| Jan 2026 | 16 | $105.6M | 98.60 | 5.33% | 81 bp | 18 |
| Dec 2025 | 16 | $269.6M | 98.36 | 5.26% | 81 bp | 22 |
| Nov 2025 | 14 | $237.0M | 99.35 | 4.91% | 77 bp | 24 |
| Oct 2025 | 16 | $95.7M | 98.62 | 4.86% | 81 bp | 18 |
| Sep 2025 | 16 | $315.5M | 98.47 | 4.90% | 77 bp | 24 |
| Aug 2025 | 15 | $248.9M | 97.25 | 4.86% | 82 bp | 24 |
| Jul 2025 | 16 | $112.4M | 96.72 | 4.98% | 77 bp | 18 |
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. 62 added, 23 cut, 31 new holders and 16 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 | $60.4M | $61.0M | -$9.0M |
| VANGUARD TOTAL BOND MARKET II INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $52.6M | $49.8M | $16.9M |
| VANGUARD TOTAL BOND MARKET INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $46.4M | $42.0M | $4.0M |
| Baird Core Plus Bond Fund Baird Funds Inc | 2026-06-30 | $40.4M | $39.0M | $0 |
| VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $20.9M | $21.4M | $5.7M |
| iShares Core U.S. Aggregate Bond ETF iShares Trust | 2026-05-31 | $20.4M | $19.4M | $915K |
| College Retirement Equities Fund - Responsible Balanced Account College Retirement Equities Fund | 2026-06-30 | $18.5M | $17.5M | $0 |
| Dimensional Ultrashort Fixed Income ETF Dimensional ETF Trust | 2026-07-31 | $16.3M | $16.2M | $12.4M |
| VANGUARD ULTRA-SHORT-TERM BOND FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $15.9M | $15.8M | new |
| Baird Aggregate Bond Fund Baird Funds Inc | 2026-06-30 | $15.7M | $15.5M | $0 |
| VANGUARD SHORT-TERM INVESTMENT-GRADE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $15.0M | $14.0M | $0 |
| Bridge Builder Core Bond Fund Bridge Builder Trust | 2026-06-30 | $14.2M | $13.5M | $0 |
| VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $14.6M | $13.2M | $240K |
| iShares 1-5 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $13.2M | $12.8M | $40K |
| Federated Hermes Total Return Bond Fund Federated Hermes Total Return Series, Inc. | 2026-05-31 | $13.3M | $12.0M | $0 |
| Dimensional Short-Duration Fixed Income ETF Dimensional ETF Trust | 2026-07-31 | $10.7M | $10.3M | $33K |
| iShares Broad USD Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $10.0M | $9.7M | $415K |
| VANGUARD INTERMEDIATE-TERM INVESTMENT-GRADE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $10.0M | $9.7M | new |
| iShares Ultra Short Duration Bond Active ETF iShares U.S. ETF Trust | 2026-07-31 | $9.8M | $9.7M | $0 |
| Dimensional Core Fixed Income ETF Dimensional ETF Trust | 2026-07-31 | $9.0M | $9.0M | $4.4M |
| Nuveen Core Impact Bond Fund TIAA-CREF Funds | 2026-06-30 | $8.5M | $8.5M | $0 |
| VANGUARD LONG-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $9.2M | $8.4M | $655K |
| PIMCO Long Duration Credit Bond Portfolio PIMCO FUNDS | 2026-06-30 | $8.8M | $7.5M | $0 |
| AB Ultra Short Income ETF AB Active ETFs, Inc. | 2026-05-31 | $7.3M | $7.3M | $0 |
| iShares Core Universal USD Bond ETF iShares Trust | 2026-07-31 | $7.7M | $7.1M | $1.9M |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): PIMCO Total Return Fund ($4.0M), Lord Abbett Total Return Fund ($4.0M), Lord Abbett Core Fixed Income Fund ($3.7M), Goldman Sachs Short Duration Bond Fund ($2.0M), HARTFORD ULTRASHORT BOND HLS FUND ($1.5M), THRIVENT INCOME PORTFOLIO ($1.2M), SIIT ULTRA SHORT DURATION BOND FUND ($1.0M), Aristotle Core Bond Fund ($975K), PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund ($783K), DFA Global Core Plus Fixed Income Portfolio ($500K).
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 | 3 | $60.4M | $61.0M | 0.16% |
| BND VANGUARD TOTAL BOND MARKET INDEX FUND | 2026-06-30 | 8 | $46.4M | $42.0M | 0.01% |
| VCIT VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 1 | $20.9M | $21.4M | 0.03% |
| AGG iShares Core U.S. Aggregate Bond ETF | 2026-05-31 | 9 | $20.4M | $19.4M | 0.01% |
| DUSB Dimensional Ultrashort Fixed Income ETF | 2026-07-31 | 2 | $16.3M | $16.2M | 0.73% |
| VCSH VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 1 | $14.6M | $13.2M | 0.03% |
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 4 | $13.2M | $12.8M | 0.06% |
| DFSD Dimensional Short-Duration Fixed Income ETF | 2026-07-31 | 3 | $10.7M | $10.3M | 0.14% |
| USIG iShares Broad USD Investment Grade Corporate Bond ETF | 2026-05-31 | 12 | $10.0M | $9.7M | 0.06% |
| ICSH iShares Ultra Short Duration Bond Active ETF | 2026-07-31 | 1 | $9.8M | $9.7M | 0.12% |
| DFCF Dimensional Core Fixed Income ETF | 2026-07-31 | 6 | $9.0M | $9.0M | 0.08% |
| VCLT VANGUARD LONG-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 6 | $9.2M | $8.4M | 0.09% |
| YEAR AB Ultra Short Income ETF | 2026-05-31 | 1 | $7.3M | $7.3M | 0.49% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 12 | $7.7M | $7.1M | 0.02% |
| AVIG Avantis Core Fixed Income ETF | 2026-05-31 | 1 | $5.9M | $6.3M | 0.34% |
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 98 bp spread prices in about 1.6% 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 PFG'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 | 140 | $194.8M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 938 | $16.14B | 10 | $18.8M | 10 | $17.2M | 0 |
| 2026-03-31 | 887 | $10.63B | 10 | $8.6M | 11 | $9.9M | 0 |
| 2025-12-31 | 869 | $12.03B | 4 | $1.8M | 10 | $14.1M | 0 |
| 2025-09-30 | 811 | $11.63B | 4 | $2.8M | 9 | $14.3M | 0 |
| 2025-06-30 | 798 | $11.62B | 10 | $8.3M | 12 | $11.3M | 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.