PennyMac Financial Services, Inc. bonds PFSI
Who owns PennyMac Financial Services, 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. PFSI 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 |
|---|---|---|---|---|---|---|---|---|---|
| 70932MAB3 | 4.25% fixed | 2029-02-15 | USD | 94.69 | 6.55% | 231 bp | 33 | $130.8M | Jul 2026 |
| 70932MAD9 | 7.875% fixed | 2029-12-15 | USD | 102.66 | 6.97% | 270 bp | 36 | $70.3M | Jul 2026 |
| 70932MAE7 | 7.125% fixed | 2030-11-15 | USD | 99.68 | 7.21% | 290 bp | 38 | $101.7M | Jul 2026 |
| 70932MAC1 | 5.75% fixed | 2031-09-15 | USD | 92.74 | 7.48% | 314 bp | 27 | $36.4M | Jul 2026 |
| 70932MAG2 | 6.875% fixed | 2032-05-15 | USD | 95.66 | 7.82% | 344 bp | 44 | $116.4M | Jul 2026 |
| 70932MAF4 | 6.875% fixed | 2033-02-15 | USD | 94.91 | 7.88% | 345 bp | 35 | $101.5M | Jul 2026 |
| 70932MAH0 | 6.75% fixed | 2034-02-15 | USD | 92.77 | 8.05% | 356 bp | 41 | $61.5M | 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 | 7 | $618.6M | 94.91 | 7.48% | 314 bp | 44 |
| Jun 2026 | 7 | $579.0M | 97.53 | 6.94% | 272 bp | 82 |
| May 2026 | 7 | $429.3M | 97.11 | 7.05% | 287 bp | 28 |
| Apr 2026 | 7 | $612.9M | 98.35 | 6.84% | 287 bp | 42 |
| Mar 2026 | 7 | $582.2M | 95.74 | 7.41% | 352 bp | 81 |
| Feb 2026 | 7 | $459.7M | 100.06 | 6.43% | 280 bp | 29 |
| Jan 2026 | 7 | $618.3M | 102.02 | 6.32% | 252 bp | 53 |
| Dec 2025 | 7 | $695.6M | 104.42 | 5.97% | 217 bp | 95 |
| Nov 2025 | 7 | $460.7M | 104.21 | 6.02% | 226 bp | 32 |
| Oct 2025 | 7 | $620.6M | 103.49 | 6.06% | 238 bp | 56 |
| Sep 2025 | 7 | $697.0M | 103.35 | 6.19% | 241 bp | 95 |
| Aug 2025 | 7 | $433.4M | 102.04 | 6.32% | 246 bp | 33 |
| Jul 2025 | 6 | $514.5M | 101.93 | 6.41% | 237 bp | 52 |
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. 83 added, 62 cut, 13 new holders and 20 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| PGIM High Yield Fund Prudential Investment Portfolios, Inc. 15 | 2026-05-29 | $158.3M | $153.7M | $5.9M |
| VANGUARD HIGH-YIELD CORPORATE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $124.0M | $119.7M | -$8.6M |
| iShares Broad USD High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $103.6M | $99.9M | $12.4M |
| iShares iBoxx $ High Yield Corporate Bond ETF iShares Trust | 2026-05-31 | $70.6M | $69.3M | -$2.2M |
| Income Fund of America | 2026-07-31 | $67.6M | $65.0M | $0 |
| BlackRock High Yield Portfolio BlackRock Funds V | 2026-06-30 | $51.0M | $50.7M | $2.0M |
| LORD ABBETT BOND DEBENTURE FUND INC | 2026-06-30 | $44.4M | $45.7M | -$23.2M |
| State Street(R) SPDR(R) Portfolio High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $42.3M | $41.7M | $6.3M |
| NYLIM MacKay High Yield Corporate Bond Fund NYLIM FUNDS | 2026-07-31 | $42.0M | $40.4M | $0 |
| Lord Abbett Short Duration High Yield Fund LORD ABBETT TRUST I | 2026-07-31 | $41.2M | $40.2M | -$7.7M |
| T. Rowe Price High Yield Fund, Inc. T. ROWE PRICE HIGH YIELD FUND, INC. | 2026-05-31 | $38.7M | $39.1M | -$1.3M |
| PGIM Total Return Bond Fund Prudential Investment Portfolios, Inc. 17 | 2026-07-31 | $40.1M | $38.5M | $0 |
| PGIM Short Duration High Yield Income Fund Prudential Investment Portfolios, Inc. 15 | 2026-05-29 | $34.3M | $33.5M | $815K |
| American High Income Trust | 2026-06-30 | $30.3M | $29.9M | $0 |
| State Street(R) SPDR(R) Bloomberg High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $29.8M | $29.4M | -$1.8M |
| Guggenheim Macro Opportunities Fund Guggenheim Funds Trust | 2026-06-30 | $23.2M | $23.0M | $3.8M |
| PIMCO High Yield Fund PIMCO Funds | 2026-06-30 | $23.1M | $22.9M | -$13.2M |
| Multi-Manager High Yield Bond Fund Goldman Sachs Trust II | 2026-07-31 | $20.2M | $19.2M | $10.4M |
| iShares 0-5 Year High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $18.3M | $18.1M | $55K |
| Virtus Income & Growth Fund Virtus Investment Trust | 2026-06-30 | $17.8M | $17.6M | $0 |
| High Yield Fixed Income Fund Northern Funds | 2026-06-30 | $17.1M | $16.7M | $6.3M |
| Janus Henderson Multi-Sector Income Fund Janus Investment Fund | 2026-06-30 | $16.1M | $15.5M | $0 |
| Xtrackers USD High Yield Corporate Bond ETF DBX ETF Trust | 2026-05-29 | $15.0M | $14.7M | -$1.1M |
| Nomura High Income Fund IVY FUNDS | 2026-06-30 | $14.8M | $14.5M | $0 |
| Nuveen High Yield Fund TIAA-CREF Funds | 2026-06-30 | $13.1M | $13.5M | $0 |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): iShares High Yield Systematic Bond ETF ($17.9M), CTIVP - American Century Diversified Bond Fund ($8.2M), Lord Abbett Core Plus Bond Fund ($3.2M), Invesco High Yield Fund ($2.7M), THRIVENT MODERATE ALLOCATION PORTFOLIO ($623K), Advantage CoreAlpha Bond Master Portfolio ($460K), DWS Global High Income Fund ($460K), BlackRock Global Allocation Fund, Inc. ($419K), Invesco Corporate Bond Fund ($302K), Invesco High Income Trust II ($278K).
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 | $103.6M | $99.9M | 0.35% |
| HYG iShares iBoxx $ High Yield Corporate Bond ETF | 2026-05-31 | 7 | $70.6M | $69.3M | 0.43% |
| SPHY State Street(R) SPDR(R) Portfolio High Yield Bond ETF | 2026-06-30 | 7 | $42.3M | $41.7M | 0.37% |
| JNK State Street(R) SPDR(R) Bloomberg High Yield Bond ETF | 2026-06-30 | 7 | $29.8M | $29.4M | 0.40% |
| SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 2026-07-31 | 3 | $18.3M | $18.1M | 0.24% |
| HYLB Xtrackers USD High Yield Corporate Bond ETF | 2026-05-29 | 7 | $15.0M | $14.7M | 0.42% |
| SJNK State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF | 2026-06-30 | 4 | $12.5M | $12.7M | 0.26% |
| HYLS First Trust Tactical High Yield ETF | 2026-07-31 | 3 | $12.9M | $12.0M | 0.74% |
| PHYL PGIM Active High Yield Bond ETF | 2026-05-29 | 6 | $11.0M | $10.7M | 0.82% |
| SCYB Schwab High Yield Bond ETF | 2026-05-31 | 7 | $8.6M | $8.4M | 0.33% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 7 | $5.8M | $5.6M | 0.01% |
| HYGV FlexShares High Yield Value - Scored Bond Index Fund | 2026-07-31 | 5 | $4.1M | $3.8M | 0.35% |
| HYS PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund | 2026-06-30 | 2 | $3.7M | $3.7M | 0.22% |
| QHY WisdomTree U.S. High Yield Corporate Bond Fund | 2026-06-30 | 7 | $3.3M | $3.2M | 1.36% |
| XBB BondBloxx BB Rated USD High Yield Corporate Bond ETF | 2026-07-31 | 7 | $3.2M | $3.0M | 0.59% |
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 314 bp spread prices in about 5.2% 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 PFSI'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 | 15 | $2.1M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 223 | $2.58B | 14 | $97.0M | 14 | $159.8M | 0 |
| 2026-03-31 | 219 | $2.25B | 12 | $96.5M | 12 | $140.1M | 0 |
| 2025-12-31 | 256 | $2.75B | 11 | $140.1M | 9 | $118.5M | 2 |
| 2025-09-30 | 224 | $3.41B | 12 | $151.4M | 12 | $116.0M | 2 |
| 2025-06-30 | 213 | $2.61B | 14 | $92.0M | 14 | $90.8M | 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.