PPL Corporation bonds PPLC
Who owns PPL Corporation'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. PPLC 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 |
|---|---|---|---|---|---|---|---|---|---|
| 69352PAS2 convertible | 2.875% fixed | 2028-03-15 | USD | 110.95 | — | — | 15 | $120.1M | Jul 2026 |
| 69351T866 | 7% fixed | 2029-02-15 | USD | — | — | — | 1 | $962K | Jul 2026 |
| 69352PAQ6 | 4.13% fixed | 2030-04-15 | USD | 97.17 | 4.97% | 69 bp | 9 | $32.4M | Jul 2026 |
| 69352PAU7 convertible | 3% fixed | 2030-12-01 | USD | 100.37 | — | — | 13 | $68.3M | Jul 2026 |
| 491674BN6 | 5.45% fixed | 2033-04-15 | USD | 100.93 | 5.28% | 84 bp | 7 | $22.5M | Jul 2026 |
| 546676AZ0 | 5.45% fixed | 2033-04-15 | USD | 101.08 | 5.26% | 82 bp | 6 | $7.9M | Jul 2026 |
| 69351UBA0 | 5% fixed | 2033-05-15 | USD | 99.02 | 5.17% | 72 bp | 4 | $3.0M | Jul 2026 |
| 69351UBC6 | 4.85% fixed | 2034-02-15 | USD | 97.50 | 5.26% | 77 bp | 11 | $23.4M | Jul 2026 |
| 69352PAT0 | 5.25% fixed | 2034-09-01 | USD | 98.69 | 5.45% | 94 bp | 20 | $53.6M | Jul 2026 |
| 69351UAM5 | 6.25% fixed | 2039-05-15 | USD | 105.55 | 5.63% | 89 bp | 5 | $10.3M | Jul 2026 |
| 491674BG1 | 5.125% fixed | 2040-11-01 | USD | 93.08 | 5.85% | 103 bp | 8 | $6.9M | Jul 2026 |
| 69351UAR4 | 4.75% fixed | 2043-07-15 | USD | 86.88 | 5.99% | 104 bp | 3 | $2.5M | Jul 2026 |
| 546676AX5 | 4.375% fixed | 2045-10-01 | USD | 80.83 | 6.08% | 101 bp | 1 | $53K | Jul 2026 |
| 491674BL0 | 4.375% fixed | 2045-10-01 | USD | 80.86 | 6.08% | 101 bp | 6 | $7.1M | Jul 2026 |
| 69352PAM5 | 4% fixed | 2047-09-15 | USD | 71.08 | 6.54% | 158 bp | 1 | $14K | Jun 2026 |
| 69351UAV5 | 4.15% fixed | 2048-06-15 | USD | 77.06 | 6.06% | 95 bp | 4 | $7.8M | Jul 2026 |
| 69351UAW3 | 3% fixed | 2049-10-01 | USD | 62.56 | 6.02% | 91 bp | 5 | $11.4M | Jul 2026 |
| 491674BM8 | 3.3% fixed | 2050-06-01 | USD | 64.70 | 6.14% | 103 bp | 7 | $3.1M | Jul 2026 |
| 69351UBB8 | 5.25% fixed | 2053-05-15 | USD | 89.15 | 6.07% | 97 bp | 11 | $52.5M | Jul 2026 |
| 491674BP1 | 5.85% fixed | 2055-08-15 | USD | 95.71 | 6.17% | 107 bp | 10 | $13.8M | Jul 2026 |
| 546676BA4 | 5.85% fixed | 2055-08-15 | USD | 95.72 | 6.17% | 107 bp | 13 | $7.2M | Jul 2026 |
| 69352PAC7 | 6.66% variable | 2067-03-30 | USD | 98.72 | — | — | 11 | $8.1M | 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 | 21 | $463.0M | 96.44 | 5.99% | 95 bp | 20 |
| Jun 2026 | 21 | $552.6M | 99.17 | 5.63% | 76 bp | 39 |
| May 2026 | 21 | $489.3M | 99.59 | 5.67% | 72 bp | 31 |
| Apr 2026 | 22 | $520.8M | 99.04 | 5.71% | 90 bp | 20 |
| Mar 2026 | 22 | $585.5M | 99.40 | 5.68% | 95 bp | 41 |
| Feb 2026 | 23 | $529.2M | 99.98 | 5.40% | 77 bp | 30 |
| Jan 2026 | 21 | $596.8M | 99.76 | 5.55% | 83 bp | 25 |
| Dec 2025 | 21 | $579.2M | 99.65 | 5.52% | 86 bp | 48 |
| Nov 2025 | 22 | $526.8M | 99.77 | 5.39% | 75 bp | 35 |
| Oct 2025 | 20 | $536.5M | 99.34 | 5.37% | 83 bp | 24 |
| Sep 2025 | 21 | $550.7M | 99.27 | 5.40% | 80 bp | 48 |
| Aug 2025 | 22 | $466.5M | 99.06 | 5.63% | 82 bp | 35 |
| Jul 2025 | 19 | $494.8M | 98.80 | 5.38% | 73 bp | 25 |
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. 52 added, 80 cut, 8 new holders and 48 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 | $110.4M | $103.7M | $302K |
| VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $96.3M | $97.1M | $4.6M |
| VANGUARD TOTAL BOND MARKET II INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $91.0M | $85.9M | -$2.0M |
| Calamos Market Neutral Income Fund CALAMOS INVESTMENT TRUST/IL | 2026-07-31 | $72.9M | $77.7M | $0 |
| Core Fixed Income Fund Principal Funds, Inc | 2026-07-31 | $88.0M | $75.5M | $0 |
| Invesco Equity and Income Fund AIM Counselor Series Trust (Invesco Counselor Series Trust) | 2026-05-31 | $65.4M | $69.5M | $0 |
| VANGUARD INTERMEDIATE-TERM INVESTMENT-GRADE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $57.5M | $57.1M | $0 |
| PIMCO Long Duration Credit Bond Portfolio PIMCO FUNDS | 2026-06-30 | $58.2M | $49.9M | $0 |
| iShares Convertible Bond ETF iShares Trust | 2026-07-31 | $46.0M | $48.4M | $9.2M |
| iShares Core U.S. Aggregate Bond ETF iShares Trust | 2026-05-31 | $38.2M | $35.2M | -$480K |
| State Street(R) SPDR(R) Bloomberg Convertible Securities ETF SPDR SERIES TRUST | 2026-06-30 | $32.2M | $34.5M | $5.1M |
| VANGUARD LONG-TERM INVESTMENT-GRADE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $33.8M | $31.3M | -$1.5M |
| VANGUARD SHORT-TERM INVESTMENT-GRADE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $29.5M | $28.7M | $0 |
| VANGUARD INTERMEDIATE-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $23.2M | $23.5M | $340K |
| JPMorgan Core Bond Fund JPMorgan Trust II | 2026-05-31 | $24.3M | $19.9M | $0 |
| iShares 5-10 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $19.2M | $19.5M | $380K |
| VANGUARD LONG-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $19.6M | $19.4M | -$2.7M |
| Calamos Growth & Income Fund CALAMOS INVESTMENT TRUST/IL | 2026-07-31 | $16.3M | $18.1M | $0 |
| VANGUARD INSTITUTIONAL INTERMEDIATE-TERM BOND FUND VANGUARD MALVERN FUNDS | 2026-06-30 | $17.6M | $17.7M | $0 |
| Columbia Convertible Securities Fund COLUMBIA FUNDS SERIES TRUST | 2026-05-31 | $14.0M | $15.6M | $2.0M |
| Schwab 5-10 Year Corporate Bond ETF SCHWAB STRATEGIC TRUST | 2026-06-30 | $15.0M | $15.1M | $1.5M |
| iShares Broad USD Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $15.2M | $14.3M | $474K |
| Fidelity Convertible Securities Fund Fidelity Financial Trust | 2026-05-31 | $12.1M | $12.9M | $0 |
| Calamos Convertible Fund CALAMOS INVESTMENT TRUST/IL | 2026-07-31 | $11.5M | $12.8M | $0 |
| DNP Select Income Fund Inc | 2026-07-31 | $12.5M | $12.6M | $0 |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): VANGUARD ULTRA-SHORT-TERM BOND FUND ($20.6M), MFS Corporate Bond Fund ($11.7M), JPMorgan Managed Income Fund ($8.3M), Brookfield Infrastructure Income Fund Inc. ($8.0M), Invesco BulletShares 2026 Corporate Bond ETF ($7.8M), VANGUARD ULTRA-SHORT BOND ETF ($7.5M), iShares iBonds Dec 2026 Term Corporate ETF ($5.6M), Diversified Bond Fund ($4.0M), CTIVP - American Century Diversified Bond Fund ($3.1M), JPMorgan Global Active Allocation Portfolio ($2.5M).
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 | 13 | $110.4M | $103.7M | 0.03% |
| VCIT VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 5 | $96.3M | $97.1M | 0.14% |
| ICVT iShares Convertible Bond ETF | 2026-07-31 | 2 | $46.0M | $48.4M | 0.67% |
| AGG iShares Core U.S. Aggregate Bond ETF | 2026-05-31 | 16 | $38.2M | $35.2M | 0.03% |
| CWB State Street(R) SPDR(R) Bloomberg Convertible Securities ETF | 2026-06-30 | 2 | $32.2M | $34.5M | 0.56% |
| BIV VANGUARD INTERMEDIATE-TERM BOND INDEX FUND | 2026-06-30 | 5 | $23.2M | $23.5M | 0.04% |
| IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 5 | $19.2M | $19.5M | 0.11% |
| VCLT VANGUARD LONG-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 7 | $19.6M | $19.4M | 0.21% |
| SCHI Schwab 5-10 Year Corporate Bond ETF | 2026-06-30 | 5 | $15.0M | $15.1M | 0.13% |
| USIG iShares Broad USD Investment Grade Corporate Bond ETF | 2026-05-31 | 17 | $15.2M | $14.3M | 0.08% |
| LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | 2026-05-31 | 2 | $9.1M | $8.9M | 0.03% |
| IGEB iShares Investment Grade Systematic Bond ETF | 2026-05-31 | 3 | $9.0M | $8.8M | 0.64% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 16 | $9.7M | $8.7M | 0.02% |
| BLV VANGUARD LONG-TERM BOND INDEX FUND | 2026-06-30 | 8 | $8.6M | $7.7M | 0.09% |
| SPIB State Street(R) SPDR(R) Portfolio Intermediate Term Corporate Bond ETF | 2026-06-30 | 5 | $6.8M | $6.9M | 0.06% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 9.92: safer than 81% of companies (85th percentile in Utilities). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $25.87B |
| Debt barrier (short-term + ½ long-term debt) | $9.96B |
| Equity volatility (1 year) | 18.0% |
| Asset value / asset volatility (solved) | $35.41B / 13.1% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 95 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
Altman Z'' = 1.06 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in PPLC'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 | 131 | $170.3M | 1 | $2.8M | 0 | — | 0 |
| 2026-06-30 | 1,032 | $24.16B | 13 | $93.5M | 18 | $152.8M | 4 |
| 2026-03-31 | 986 | $19.94B | 16 | $97.8M | 18 | $147.3M | 2 |
| 2025-12-31 | 948 | $19.87B | 18 | $71.9M | 18 | $88.0M | 0 |
| 2025-09-30 | 910 | $22.11B | 18 | $75.8M | 21 | $75.1M | 0 |
| 2025-06-30 | 874 | $20.12B | 16 | $46.7M | 18 | $64.1M | 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.