Service Corporation International bonds SCI
Who owns Service Corporation International'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. SCI 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 |
|---|---|---|---|---|---|---|---|---|---|
| 817565BT0 | 7.5% fixed | 2027-04-01 | USD | 101.49 | 5.20% | 129 bp | 3 | $8.5M | Jul 2026 |
| 817565CD4 | 4.625% fixed | 2027-12-15 | USD | 99.36 | 5.11% | 100 bp | 17 | $35.4M | Jul 2026 |
| 817565CE2 | 5.125% fixed | 2029-06-01 | USD | 99.14 | 5.45% | 120 bp | 25 | $70.5M | Jul 2026 |
| 817565CF9 | 3.375% fixed | 2030-08-15 | USD | 92.40 | 5.50% | 120 bp | 26 | $62.3M | Jul 2026 |
| 817565CG7 | 4% fixed | 2031-05-15 | USD | 93.48 | 5.57% | 125 bp | 30 | $103.6M | Jul 2026 |
| 817565CH5 | 5.75% fixed | 2032-10-15 | USD | 99.21 | 5.90% | 149 bp | 36 | $70.9M | 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 | 6 | $351.2M | 99.18 | 5.50% | 120 bp | 36 |
| Jun 2026 | 6 | $362.9M | 99.38 | 5.34% | 116 bp | 67 |
| May 2026 | 6 | $179.7M | 99.79 | 5.26% | 116 bp | 33 |
| Apr 2026 | 6 | $357.1M | 99.53 | 5.19% | 134 bp | 35 |
| Mar 2026 | 6 | $361.8M | 99.17 | 5.35% | 158 bp | 63 |
| Feb 2026 | 6 | $182.0M | 100.12 | 4.93% | 126 bp | 39 |
| Jan 2026 | 6 | $371.4M | 100.28 | 4.94% | 124 bp | 43 |
| Dec 2025 | 6 | $374.2M | 100.31 | 4.92% | 124 bp | 69 |
| Nov 2025 | 6 | $191.1M | 100.08 | 4.98% | 133 bp | 40 |
| Oct 2025 | 6 | $359.3M | 99.95 | 5.06% | 142 bp | 43 |
| Sep 2025 | 6 | $400.6M | 99.82 | 5.09% | 145 bp | 66 |
| Aug 2025 | 6 | $181.6M | 99.48 | 5.18% | 136 bp | 39 |
| Jul 2025 | 6 | $353.2M | 99.04 | 5.41% | 146 bp | 46 |
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. 58 added, 41 cut, 12 new holders and 20 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| VANGUARD HIGH-YIELD CORPORATE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $132.7M | $126.6M | -$8.0M |
| BlackRock High Yield Portfolio BlackRock Funds V | 2026-06-30 | $68.0M | $66.7M | $0 |
| iShares Broad USD High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $66.7M | $64.2M | $3.4M |
| T. Rowe Price Capital Appreciation Fund T. ROWE PRICE CAPITAL APPRECIATION FUND, INC. | 2026-06-30 | $65.0M | $63.2M | $0 |
| iShares iBoxx $ High Yield Corporate Bond ETF iShares Trust | 2026-05-31 | $46.8M | $45.5M | -$1.9M |
| American High Income Trust | 2026-06-30 | $42.1M | $41.2M | $2.0M |
| PGIM High Yield Fund Prudential Investment Portfolios, Inc. 15 | 2026-05-29 | $25.0M | $23.3M | $0 |
| iShares 0-5 Year High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $23.7M | $22.6M | $5.2M |
| State Street(R) SPDR(R) Portfolio High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $21.6M | $21.0M | -$1.5M |
| Income Fund of America | 2026-07-31 | $18.3M | $17.8M | -$9.0M |
| JNL/T. Rowe Price Capital Appreciation Fund JNL Series Trust | 2026-06-30 | $15.6M | $15.1M | $610K |
| MFS High Income Fund MFS Series Trust III | 2026-07-31 | $12.0M | $11.9M | $4K |
| JPMorgan Income Fund JPMorgan Trust I | 2026-05-31 | $12.7M | $11.8M | $295K |
| Fidelity Capital and Income Fund Fidelity Summer Street Trust | 2026-07-31 | $12.1M | $11.3M | $0 |
| Xtrackers USD High Yield Corporate Bond ETF DBX ETF Trust | 2026-05-29 | $11.3M | $11.0M | -$1.0M |
| State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $10.2M | $9.6M | -$616K |
| Performance Trust Total Return Bond Fund Trust for Professional Managers | 2026-05-31 | $9.1M | $8.6M | $0 |
| PIMCO High Yield Fund PIMCO FUNDS | 2026-06-30 | $9.0M | $8.4M | -$5.9M |
| VY(R) T. ROWE PRICE CAPITAL APPRECIATION PORTFOLIO Voya Investors Trust | 2026-06-30 | $8.4M | $8.1M | $0 |
| JPMorgan High Yield Fund JPMorgan Trust II | 2026-05-31 | $7.7M | $7.8M | $108K |
| First Eagle Global Balanced Fund First Eagle Funds | 2026-07-31 | $7.5M | $7.4M | $4.9M |
| Janus Henderson Developed World Bond Fund Janus Investment Fund | 2026-06-30 | $7.6M | $7.3M | $0 |
| Xtrackers USD High Yield BB-B ex Financials ETF DBX ETF Trust | 2026-05-31 | $7.3M | $7.1M | $600K |
| Boyd Watterson Limited Duration Enhanced Income Fund NORTHERN LIGHTS FUND TRUST III | 2026-06-30 | $6.9M | $6.9M | $0 |
| JPMorgan Core Plus Bond Fund JPMorgan Trust II | 2026-05-31 | $6.8M | $6.8M | $135K |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Advent Convertible & Income Fund ($2.7M), THE HARTFORD HIGH YIELD FUND ($2.4M), Western Asset High Income Fund II Inc. ($1.1M), Fidelity Total Bond Fund ($895K), State Street(R) Blackstone Senior Loan ETF ($840K), Fidelity Total Bond ETF ($689K), AllianceBernstein Global High Income Fund Inc ($598K), Fidelity SAI Total Bond Fund ($585K), THRIVENT MODERATE ALLOCATION PORTFOLIO ($540K), State Street(R) Blackstone High Income ETF ($462K).
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 | 5 | $66.7M | $64.2M | 0.22% |
| HYG iShares iBoxx $ High Yield Corporate Bond ETF | 2026-05-31 | 5 | $46.8M | $45.5M | 0.28% |
| SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 2026-07-31 | 4 | $23.7M | $22.6M | 0.30% |
| SPHY State Street(R) SPDR(R) Portfolio High Yield Bond ETF | 2026-06-30 | 5 | $21.6M | $21.0M | 0.19% |
| HYLB Xtrackers USD High Yield Corporate Bond ETF | 2026-05-29 | 5 | $11.3M | $11.0M | 0.32% |
| SJNK State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF | 2026-06-30 | 3 | $10.2M | $9.6M | 0.20% |
| BHYB Xtrackers USD High Yield BB-B ex Financials ETF | 2026-05-31 | 5 | $7.3M | $7.1M | 0.30% |
| SCYB Schwab High Yield Bond ETF | 2026-05-31 | 5 | $6.4M | $6.3M | 0.25% |
| BSJR Invesco BulletShares 2027 High Yield Corporate Bond ETF | 2026-05-31 | 1 | $6.3M | $6.2M | 0.74% |
| JPIE JPMorgan Income ETF | 2026-05-31 | 1 | $6.4M | $5.9M | 0.07% |
| JCPB JPMorgan Core Plus Bond ETF | 2026-05-31 | 3 | $5.1M | $5.0M | 0.04% |
| IBHG iShares iBonds 2027 Term High Yield and Income ETF | 2026-07-31 | 1 | $4.7M | $4.7M | 0.92% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 5 | $4.3M | $4.2M | 0.01% |
| JNK State Street(R) SPDR(R) Bloomberg High Yield Bond ETF | 2026-06-30 | 2 | $3.3M | $3.3M | 0.05% |
| JPHY JPMorgan Active High Yield ETF | 2026-05-31 | 2 | $2.9M | $2.7M | 0.12% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 8.33: safer than 74% of companies (72th percentile in Consumer Cyclical). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $11.03B |
| Debt barrier (short-term + ½ long-term debt) | $2.75B |
| Equity volatility (1 year) | 24.2% |
| Asset value / asset volatility (solved) | $13.66B / 19.5% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 120 bp spread prices in about 2.0% 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'' = 0.37 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in SCI'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 | 59 | $90.6M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 541 | $9.21B | 9 | $19.2M | 9 | $28.5M | 1 |
| 2026-03-31 | 549 | $8.40B | 8 | $17.2M | 9 | $41.4M | 1 |
| 2025-12-31 | 544 | $9.02B | 5 | $3.3M | 6 | $18.1M | 2 |
| 2025-09-30 | 562 | $9.63B | 7 | $7.7M | 7 | $18.2M | 2 |
| 2025-06-30 | 560 | $9.82B | 6 | $4.5M | 8 | $15.8M | 2 |
Officials trading SCI bonds
| Trade date | Official | Type | Description | Amount | Filing |
|---|---|---|---|---|---|
| 2021-12-30 | Alan S. Lowenthal | purchase | Service Corp International Note - 4.625% interest maturity 12/15/2027 | $15,001 - $50,000 | filing |
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.