The Procter & Gamble Company bonds PG
Who owns The Procter & Gamble Company'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. PG 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 |
|---|---|---|---|---|---|---|---|---|---|
| 742718ER6 | 2.45% fixed | 2026-11-03 | USD | 99.57 | 4.13% | 40 bp | 2 | $12.3M | Jul 2026 |
| 742718FV6 | 1.9% fixed | 2027-02-01 | USD | 98.88 | 4.16% | 32 bp | 2 | $6.9M | Jul 2026 |
| 742718FG9 | 2.8% fixed | 2027-03-25 | USD | 99.10 | 4.21% | 31 bp | 2 | $4.4M | Jul 2026 |
| U74271NP5 | 4.875% fixed | 2027-05-11 | EUR | 101.81 | 2.71% | — | 1 | $494K | Jun 2026 |
| EG4262457 | 4.875% fixed | 2027-05-11 | EUR | 102.00 | 2.88% | — | 2 | $12.0M | Apr 2026 |
| 742718EV7 | 2.85% fixed | 2027-08-11 | USD | 98.60 | 4.26% | 20 bp | 12 | $12.7M | Jul 2026 |
| 742718FZ7 | 3.95% fixed | 2028-01-26 | USD | 99.53 | 4.28% | 15 bp | 8 | $6.2M | Jul 2026 |
| XS2810308846 | 3.15% fixed | 2028-04-29 | EUR | 100.30 | 2.97% | — | 3 | $13.3M | Jul 2026 |
| 742718FD6 | 1.2% fixed | 2028-10-30 | EUR | 95.96 | 3.08% | — | 3 | $5.8M | Jul 2026 |
| 742718GF0 | 4.35% fixed | 2029-01-29 | USD | 99.96 | 4.36% | 12 bp | 8 | $10.4M | Jul 2026 |
| 742718ET2 | 1.8% fixed | 2029-05-03 | GBP | 93.00 | 4.53% | — | 2 | $5.8M | Jul 2026 |
| 742718GK9 | 4.15% fixed | 2029-10-24 | USD | 99.54 | 4.30% | 4 bp | 6 | $4.9M | Jul 2026 |
| 742718EX3 | 1.25% fixed | 2029-10-25 | EUR | 94.26 | 3.14% | — | 3 | $9.8M | Jul 2026 |
| 742718FH7 | 3% fixed | 2030-03-25 | USD | 94.65 | 4.61% | 32 bp | 12 | $14.9M | Jul 2026 |
| 742718GM5 | 4.05% fixed | 2030-05-01 | USD | 98.40 | 4.52% | 23 bp | 8 | $31.4M | Jul 2026 |
| 742718FR5 | 0.35% fixed | 2030-05-05 | EUR | 90.28 | 3.13% | — | 7 | $54.6M | Jul 2026 |
| 742718FM6 | 1.2% fixed | 2030-10-29 | USD | 86.97 | 4.61% | 31 bp | 12 | $14.8M | Jul 2026 |
| 742718FQ7 | 1.95% fixed | 2031-04-23 | USD | 88.68 | 4.64% | 32 bp | 13 | $13.6M | Jul 2026 |
| 742718GD5 | 3.25% fixed | 2031-08-02 | EUR | 99.79 | 3.30% | — | 2 | $6.9M | Jul 2026 |
| 742718FW4 | 2.3% fixed | 2032-02-01 | USD | 89.19 | 4.54% | 18 bp | 3 | $4.3M | Jul 2026 |
| 742718GP8 | 4.1% fixed | 2032-11-03 | USD | 96.65 | 4.72% | 31 bp | 5 | $6.2M | Jul 2026 |
| 742718GA1 | 4.05% fixed | 2033-01-26 | USD | 96.58 | 4.67% | 24 bp | 7 | $6.9M | Jul 2026 |
| 742718GS2 | 2.9% fixed | 2033-11-03 | EUR | 96.16 | 3.51% | — | 4 | $3.9M | Jul 2026 |
| 742718GG8 | 4.55% fixed | 2034-01-29 | USD | 97.96 | 4.88% | 39 bp | 5 | $3.6M | Jul 2026 |
| 742718CB3 | 5.5% fixed | 2034-02-01 | USD | 102.80 | 5.05% | 56 bp | 1 | $226K | Jul 2026 |
| 742718GJ2 | 3.2% fixed | 2034-04-29 | EUR | 97.63 | 3.55% | — | 4 | $2.4M | Jul 2026 |
| 742718DB2 | 5.8% fixed | 2034-08-15 | USD | 105.26 | 5.00% | 49 bp | 3 | $2.5M | Jul 2026 |
| 742718GL7 | 4.55% fixed | 2034-10-24 | USD | 98.08 | 4.83% | 32 bp | 4 | $2.2M | Jul 2026 |
| 742718GN3 | 4.6% fixed | 2035-05-01 | USD | 97.47 | 4.96% | 42 bp | 5 | $1.7M | Jul 2026 |
| 742718GQ6 | 4.35% fixed | 2035-11-03 | USD | 94.89 | 5.05% | 48 bp | 7 | $2.2M | Jul 2026 |
| 742718DF3 | 5.55% fixed | 2037-03-05 | USD | 104.21 | 5.03% | 40 bp | 3 | $2.0M | Jul 2026 |
| AV2317205 | 1.875% fixed | 2038-10-30 | EUR | 81.48 | 3.79% | — | 3 | $4.4M | Jul 2026 |
| 742718FJ3 | 3.55% fixed | 2040-03-25 | USD | 83.02 | 5.31% | 53 bp | 4 | $1.3M | Jul 2026 |
| 742718FS3 | 0.9% fixed | 2041-11-04 | EUR | 65.02 | 4.01% | — | 2 | $7.5M | Jul 2026 |
| 742718GT0 | 3.65% fixed | 2045-11-03 | EUR | 93.95 | 4.11% | — | 3 | $4.5M | Jul 2026 |
| 742718FB0 | 3.5% fixed | 2047-10-25 | USD | 74.45 | 5.57% | 46 bp | 2 | $577K | Jul 2026 |
| 742718FK0 | 3.6% fixed | 2050-03-25 | USD | 74.13 | 5.58% | 48 bp | 3 | $785K | 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 | 35 | $285.8M | 96.65 | 4.72% | 32 bp | 13 |
| Jun 2026 | 30 | $575.8M | 99.24 | 4.46% | 22 bp | 28 |
| May 2026 | 24 | $635.8M | 98.93 | 4.43% | 19 bp | 20 |
| Apr 2026 | 35 | $282.2M | 98.42 | 4.38% | 32 bp | 12 |
| Mar 2026 | 33 | $619.8M | 99.29 | 4.34% | 39 bp | 28 |
| Feb 2026 | 25 | $718.7M | 99.75 | 3.95% | 15 bp | 22 |
| Jan 2026 | 37 | $341.8M | 99.10 | 4.12% | 24 bp | 13 |
| Dec 2025 | 36 | $704.2M | 99.84 | 4.02% | 28 bp | 24 |
| Nov 2025 | 27 | $701.9M | 99.77 | 3.96% | 25 bp | 22 |
| Oct 2025 | 38 | $317.7M | 98.89 | 4.01% | 34 bp | 12 |
| Sep 2025 | 31 | $639.3M | 99.23 | 3.98% | 26 bp | 24 |
| Aug 2025 | 26 | $709.0M | 99.17 | 4.01% | 17 bp | 22 |
| Jul 2025 | 34 | $228.0M | 97.98 | 4.22% | 24 bp | 12 |
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. 55 added, 48 cut, 5 new holders and 17 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| VANGUARD TOTAL BOND MARKET INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $183.0M | $172.6M | $4.9M |
| VANGUARD TOTAL BOND MARKET II INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $139.9M | $135.7M | $0 |
| VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $134.5M | $135.1M | -$32.1M |
| VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $109.4M | $107.1M | -$1.7M |
| iShares Core U.S. Aggregate Bond ETF iShares Trust | 2026-05-31 | $68.4M | $65.3M | -$12.0M |
| iShares iBoxx $ Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $50.0M | $46.5M | -$8.3M |
| iShares 5-10 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $38.5M | $37.8M | -$6.2M |
| Dimensional Short-Duration Fixed Income ETF Dimensional ETF Trust | 2026-07-31 | $38.5M | $36.9M | $8.6M |
| iShares 1-5 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $38.3M | $36.6M | -$6.5M |
| DFA FIVE-YEAR GLOBAL FIXED INCOME PORTFOLIO DFA INVESTMENT DIMENSIONS GROUP INC | 2026-07-31 | $34.8M | $36.5M | $1.7M |
| Fidelity U.S. Bond Index Fund Fidelity Salem Street Trust | 2026-05-31 | $38.4M | $36.2M | $0 |
| VANGUARD TOTAL INTERNATIONAL BOND INDEX FUND VANGUARD CHARLOTTE FUNDS | 2026-07-31 | $30.6M | $31.0M | -$5.0M |
| VANGUARD SHORT-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $30.4M | $29.8M | $1.1M |
| VANGUARD INTERMEDIATE-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $30.2M | $29.8M | -$12.8M |
| VANGUARD TOTAL INTERNATIONAL BOND II INDEX FUND VANGUARD CHARLOTTE FUNDS | 2026-07-31 | $28.2M | $29.2M | -$5.0M |
| College Retirement Equities Fund - Responsible Balanced Account College Retirement Equities Fund | 2026-06-30 | $29.1M | $27.3M | $0 |
| Schwab 5-10 Year Corporate Bond ETF SCHWAB STRATEGIC TRUST | 2026-06-30 | $27.6M | $27.0M | -$1.9M |
| Nuveen Core Impact Bond Fund TIAA-CREF Funds | 2026-06-30 | $28.3M | $26.5M | $0 |
| iShares Broad USD Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $27.4M | $26.2M | -$314K |
| Invesco BulletShares 2027 Corporate Bond ETF Invesco Exchange-Traded Self-Indexed Fund Trust | 2026-05-31 | $22.9M | $22.6M | $333K |
| State Street(R) SPDR(R) Portfolio Intermediate Term Corporate Bond ETF SPDR SERIES TRUST | 2026-06-30 | $21.0M | $20.2M | $294K |
| Fidelity Series Bond Index Fund Fidelity Salem Street Trust | 2026-05-31 | $19.2M | $18.6M | $0 |
| iShares Core Universal USD Bond ETF iShares Trust | 2026-07-31 | $19.0M | $17.9M | $2.9M |
| iShares iBonds Dec 2030 Term Corporate ETF iShares Trust | 2026-07-31 | $18.9M | $17.5M | $1.1M |
| iShares iBonds Dec 2027 Term Corporate ETF iShares Trust | 2026-07-31 | $15.5M | $15.4M | $254K |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Victory Pioneer Bond Fund ($14.3M), Ultra-Short Bond Fund ($10.0M), U.S. Government Securities Fund ($10.0M), SA Federated Hermes Corporate Bond Portfolio ($7.0M), SIIT INTERMEDIATE DURATION CREDIT FUND ($3.2M), Short-Term Bond Fund of America ($2.4M), NORTH SQUARE MCKEE BOND FUND ($643K), Victory Pioneer Bond VCT Portfolio ($350K), Capital World Bond Fund ($338K), Victory Pioneer Balanced Fund ($330K).
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 |
|---|---|---|---|---|---|
| BND VANGUARD TOTAL BOND MARKET INDEX FUND | 2026-06-30 | 14 | $183.0M | $172.6M | 0.04% |
| VCIT VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 6 | $134.5M | $135.1M | 0.20% |
| VCSH VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 6 | $109.4M | $107.1M | 0.21% |
| AGG iShares Core U.S. Aggregate Bond ETF | 2026-05-31 | 20 | $68.4M | $65.3M | 0.05% |
| LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | 2026-05-31 | 7 | $50.0M | $46.5M | 0.16% |
| IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 9 | $38.5M | $37.8M | 0.21% |
| DFSD Dimensional Short-Duration Fixed Income ETF | 2026-07-31 | 4 | $38.5M | $36.9M | 0.52% |
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 8 | $38.3M | $36.6M | 0.17% |
| BNDX VANGUARD TOTAL INTERNATIONAL BOND INDEX FUND | 2026-07-31 | 8 | $30.6M | $31.0M | 0.03% |
| BSV VANGUARD SHORT-TERM BOND INDEX FUND | 2026-06-30 | 6 | $30.4M | $29.8M | 0.04% |
| BIV VANGUARD INTERMEDIATE-TERM BOND INDEX FUND | 2026-06-30 | 5 | $30.2M | $29.8M | 0.06% |
| SCHI Schwab 5-10 Year Corporate Bond ETF | 2026-06-30 | 8 | $27.6M | $27.0M | 0.23% |
| USIG iShares Broad USD Investment Grade Corporate Bond ETF | 2026-05-31 | 21 | $27.4M | $26.2M | 0.15% |
| BSCR Invesco BulletShares 2027 Corporate Bond ETF | 2026-05-31 | 3 | $22.9M | $22.6M | 0.49% |
| SPIB State Street(R) SPDR(R) Portfolio Intermediate Term Corporate Bond ETF | 2026-06-30 | 15 | $21.0M | $20.2M | 0.17% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 15.21: safer than 92% of companies (86th percentile in Consumer Defensive). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $366.19B |
| Debt barrier (short-term + ½ long-term debt) | $22.72B |
| Equity volatility (1 year) | 19.9% |
| Asset value / asset volatility (solved) | $387.96B / 18.8% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 32 bp spread prices in about 0.5% 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 = 5.67 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in PG'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 | 800 | $4.54B | 1 | $936K | 2 | $2.5M | 0 |
| 2026-06-30 | 4,024 | $229.74B | 53 | $2.18B | 63 | $2.85B | 2 |
| 2026-03-31 | 4,004 | $185.85B | 48 | $1.76B | 53 | $2.20B | 3 |
| 2025-12-31 | 4,025 | $220.10B | 49 | $1.79B | 53 | $2.09B | 2 |
| 2025-09-30 | 3,891 | $233.95B | 49 | $1.55B | 52 | $2.23B | 2 |
| 2025-06-30 | 3,945 | $247.46B | 47 | $1.66B | 52 | $2.67B | 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.