RingCentral, Inc. bonds RNG
Who owns RingCentral, 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. RNG 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 |
|---|---|---|---|---|---|---|---|---|---|
| 76680RAJ6 | 8.5% fixed | 2030-08-15 | USD | 104.31 | 7.25% | 295 bp | 16 | $27.3M | 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 | 1 | $27.3M | 104.31 | 7.25% | 295 bp | 16 |
| Jun 2026 | 1 | $5.2M | 104.61 | 7.18% | 300 bp | 13 |
| May 2026 | 1 | $51.5M | 104.88 | 7.13% | 303 bp | 20 |
| Apr 2026 | 1 | $44.3M | 105.05 | 7.11% | 321 bp | 19 |
| Mar 2026 | 1 | $36.2M | 104.62 | 7.25% | 343 bp | 23 |
| Feb 2026 | 1 | $56.9M | 105.03 | 7.16% | 352 bp | 21 |
| Jan 2026 | 2 | $108.4M | 102.22 | 7.18% | 344 bp | 25 |
| Dec 2025 | 2 | $47.9M | 102.42 | 6.95% | 328 bp | 26 |
| Nov 2025 | 2 | $53.2M | 102.28 | 6.87% | 322 bp | 20 |
| Oct 2025 | 2 | $106.1M | 102.23 | 6.87% | 323 bp | 25 |
| Sep 2025 | 2 | $47.6M | 102.04 | 6.92% | 327 bp | 25 |
| Aug 2025 | 2 | $76.4M | 102.00 | 6.87% | 308 bp | 22 |
| Jul 2025 | 2 | $99.3M | 101.33 | 6.99% | 304 bp | 24 |
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. 11 added, 6 cut, 3 new holders and 17 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| JPMorgan High Yield Fund JPMorgan Trust II | 2026-05-31 | $13.3M | $14.0M | $184K |
| Invesco BulletShares 2026 High Yield Corporate Bond ETF Invesco Exchange-Traded Self-Indexed Fund Trust | 2026-05-31 | $9.9M | $10.3M | $484K |
| BlackRock Credit Relative Value Fund BlackRock Funds IV | 2026-07-31 | $7.8M | $8.1M | $0 |
| JPMorgan Active High Yield ETF J.P. Morgan Exchange-Traded Fund Trust | 2026-05-31 | $6.5M | $6.8M | $126K |
| iShares Broad USD High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $5.3M | $5.6M | -$587K |
| JPMorgan Core Plus Bond Fund JPMorgan Trust II | 2026-05-31 | $4.7M | $4.9M | $0 |
| JPMorgan Income Builder Fund JPMorgan Trust I | 2026-07-31 | $4.5M | $4.7M | $0 |
| JPMorgan Income Fund JPMorgan Trust I | 2026-05-31 | $4.5M | $4.7M | $120K |
| JPMorgan Global Bond Opportunities Fund JPMorgan Trust I | 2026-05-31 | $3.2M | $3.3M | $0 |
| iShares 0-5 Year High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $2.5M | $2.6M | $125K |
| THRIVENT HIGH YIELD PORTFOLIO Thrivent Series Fund, Inc. | 2026-06-30 | $2.0M | $2.1M | $0 |
| THRIVENT CORE HIGH YIELD BOND FUND Thrivent Core Funds | 2026-07-31 | $1.8M | $1.9M | $0 |
| THRIVENT HIGH YIELD FUND Thrivent Mutual Funds | 2026-07-31 | $1.8M | $1.8M | $0 |
| JPMorgan Income ETF J.P. Morgan Exchange-Traded Fund Trust | 2026-05-31 | $1.4M | $1.4M | $35K |
| JPMorgan Core Plus Bond ETF J.P. Morgan Exchange-Traded Fund Trust | 2026-05-31 | $1.2M | $1.3M | $0 |
| LVIP JPMorgan High Yield Fund LINCOLN VARIABLE INSURANCE PRODUCTS TRUST | 2026-06-30 | $1.1M | $1.2M | $0 |
| Schwab High Yield Bond ETF SCHWAB STRATEGIC TRUST | 2026-05-31 | $925K | $971K | $50K |
| JPMorgan Short Duration Core Plus Fund JPMorgan Trust I | 2026-05-31 | $795K | $834K | $0 |
| Nuveen High Yield Corporate Bond ETF NuShares ETF Trust | 2026-07-31 | $682K | $711K | $0 |
| SIIT HIGH YIELD BOND FUND SEI INSTITUTIONAL INVESTMENTS TRUST | 2026-05-31 | $661K | $693K | $93K |
| Harbor Ares Systematic High Yield ETF Harbor ETF Trust | 2026-07-31 | $618K | $645K | -$700K |
| TCW METWEST HIGH YIELD BOND FUND TCW Metropolitan West Funds | 2026-06-30 | $616K | $645K | $0 |
| Xtrackers USD High Yield BB-B ex Financials ETF DBX ETF Trust | 2026-05-31 | $568K | $596K | -$212K |
| JPMorgan Flexible Debt ETF J.P. Morgan Exchange-Traded Fund Trust | 2026-05-31 | $513K | $538K | $0 |
| Variable Portfolio - Partners Core Bond Fund Columbia Funds Variable Series Trust II | 2026-06-30 | $445K | $465K | $0 |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): BlackRock Strategic Income Opportunities Portfolio ($19.8M), First Trust Tactical High Yield ETF ($14.3M), First Trust High Yield Opportunities 2027 Term Fund ($6.0M), BlackRock Global Allocation V.I. Fund ($2.1M), State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF ($1.5M), BlackRock Capital Allocation Term Trust ($1.4M), JNL/BlackRock Global Allocation Fund ($1.3M), BlackRock ESG Capital Allocation Term Trust ($1.1M), LVIP BlackRock Global Allocation Fund ($970K), THRIVENT MODERATE ALLOCATION PORTFOLIO ($459K).
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 |
|---|---|---|---|---|---|
| BSJQ Invesco BulletShares 2026 High Yield Corporate Bond ETF | 2026-05-31 | 1 | $9.9M | $10.3M | 1.01% |
| JPHY JPMorgan Active High Yield ETF | 2026-05-31 | 1 | $6.5M | $6.8M | 0.31% |
| USHY iShares Broad USD High Yield Corporate Bond ETF | 2026-07-31 | 1 | $5.3M | $5.6M | 0.02% |
| SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 2026-07-31 | 1 | $2.5M | $2.6M | 0.03% |
| JPIE JPMorgan Income ETF | 2026-05-31 | 1 | $1.4M | $1.4M | 0.02% |
| JCPB JPMorgan Core Plus Bond ETF | 2026-05-31 | 1 | $1.2M | $1.3M | 0.01% |
| SCYB Schwab High Yield Bond ETF | 2026-05-31 | 1 | $925K | $971K | 0.04% |
| SIHY Harbor Ares Systematic High Yield ETF | 2026-07-31 | 1 | $618K | $645K | 0.43% |
| BHYB Xtrackers USD High Yield BB-B ex Financials ETF | 2026-05-31 | 1 | $568K | $596K | 0.02% |
| JFLX JPMorgan Flexible Debt ETF | 2026-05-31 | 1 | $513K | $538K | 0.04% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 1 | $410K | $428K | 0.00% |
| XBB BondBloxx BB Rated USD High Yield Corporate Bond ETF | 2026-07-31 | 1 | $230K | $240K | 0.05% |
| IBHJ iShares iBonds 2030 Term High Yield and Income ETF | 2026-07-31 | 1 | $219K | $229K | 0.15% |
| HYBB iShares BB Rated Corporate Bond ETF | 2026-07-31 | 1 | $168K | $175K | 0.04% |
| BBHY JPMorgan BetaBuilders USD High Yield Corporate Bond ETF | 2026-05-31 | 1 | $133K | $139K | 0.02% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 3.52: safer than 31% of companies (29th percentile in Technology). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $5.84B |
| Debt barrier (short-term + ½ long-term debt) | $683.2M |
| Equity volatility (1 year) | 66.9% |
| Asset value / asset volatility (solved) | $6.50B / 60.1% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 295 bp spread prices in about 4.9% 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'' = -3.01 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in RNG'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 | 40 | $52.9M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 367 | $3.15B | 10 | $30.8M | 8 | $16.0M | 0 |
| 2026-03-31 | 329 | $2.48B | 10 | $33.2M | 10 | $19.7M | 0 |
| 2025-12-31 | 299 | $2.33B | 12 | $19.6M | 11 | $17.3M | 35 |
| 2025-09-30 | 310 | $2.33B | 15 | $24.7M | 14 | $21.6M | 31 |
| 2025-06-30 | 284 | $2.48B | 13 | $20.2M | 17 | $19.6M | 31 |
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.