The J. M. Smucker Company bonds SJM
Who owns The J. M. Smucker 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. SJM 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 |
|---|---|---|---|---|---|---|---|---|---|
| 832696AR9 | 3.38% fixed | 2027-12-15 | USD | 98.40 | 4.59% | 48 bp | 12 | $33.7M | Jul 2026 |
| 832696AW8 | 5.9% fixed | 2028-11-15 | USD | 102.55 | 4.71% | 48 bp | 13 | $35.5M | Jul 2026 |
| 832696AS7 | 2.375% fixed | 2030-03-15 | USD | 91.77 | 4.88% | 60 bp | 9 | $4.6M | Jul 2026 |
| 832696AU2 | 2.13% fixed | 2032-03-15 | USD | 85.27 | 5.18% | 81 bp | 5 | $3.1M | Jul 2026 |
| 832696AX6 | 6.2% fixed | 2033-11-15 | USD | 105.06 | 5.35% | 88 bp | 11 | $15.6M | Jul 2026 |
| 832696AM0 | 4.25% fixed | 2035-03-15 | USD | 91.58 | 5.49% | 95 bp | 12 | $14.2M | Jul 2026 |
| 832696AY4 | 6.5% fixed | 2043-11-15 | USD | 103.95 | 6.12% | 115 bp | 9 | $8.3M | Jul 2026 |
| 832696AP3 | 4.38% fixed | 2045-03-15 | USD | 81.05 | 6.10% | 106 bp | 4 | $1.3M | Jul 2026 |
| 832696AT5 | 3.55% fixed | 2050-03-15 | USD | 68.46 | 6.08% | 112 bp | 1 | $137K | Jun 2026 |
| 832696AZ1 | 6.5% fixed | 2053-11-15 | USD | 104.36 | 6.17% | 106 bp | 8 | $6.4M | 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 | 9 | $122.8M | 98.40 | 5.35% | 88 bp | 13 |
| Jun 2026 | 10 | $309.7M | 95.80 | 5.18% | 80 bp | 41 |
| May 2026 | 10 | $254.7M | 95.87 | 5.17% | 79 bp | 25 |
| Apr 2026 | 9 | $126.2M | 98.49 | 5.13% | 97 bp | 14 |
| Mar 2026 | 10 | $305.0M | 95.24 | 5.31% | 118 bp | 42 |
| Feb 2026 | 10 | $250.8M | 97.51 | 4.76% | 76 bp | 23 |
| Jan 2026 | 9 | $130.4M | 99.01 | 4.91% | 86 bp | 13 |
| Dec 2025 | 10 | $299.3M | 96.64 | 4.97% | 94 bp | 41 |
| Nov 2025 | 10 | $243.9M | 96.91 | 4.89% | 90 bp | 27 |
| Oct 2025 | 9 | $126.2M | 98.67 | 4.91% | 98 bp | 14 |
| Sep 2025 | 10 | $298.5M | 96.58 | 4.95% | 94 bp | 41 |
| Aug 2025 | 10 | $237.7M | 95.78 | 5.13% | 97 bp | 27 |
| Jul 2025 | 9 | $127.2M | 97.75 | 5.16% | 86 bp | 15 |
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. 53 added, 32 cut, 6 new holders and 14 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 | $79.4M | $79.3M | $6.8M |
| VANGUARD TOTAL BOND MARKET II INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $63.5M | $63.9M | $10.0M |
| VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $62.2M | $63.6M | $5.3M |
| VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $42.6M | $42.6M | $4.6M |
| iShares Core U.S. Aggregate Bond ETF iShares Trust | 2026-05-31 | $31.9M | $31.5M | -$1.2M |
| American Balanced Fund | 2026-06-30 | $19.6M | $20.7M | $0 |
| Permanent Portfolio PERMANENT PORTFOLIO FAMILY OF FUNDS | 2026-07-31 | $20.0M | $19.7M | $0 |
| iShares iBoxx $ Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $17.8M | $19.1M | $125K |
| VANGUARD INTERMEDIATE-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $17.5M | $17.3M | $1.2M |
| Income Fund of America | 2026-07-31 | $16.4M | $17.0M | $0 |
| iShares 5-10 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $14.5M | $14.2M | $387K |
| iShares Broad USD Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $12.9M | $12.8M | $648K |
| Transamerica Short-Term Bond TRANSAMERICA FUNDS | 2026-07-31 | $11.0M | $11.2M | $0 |
| Schwab 5-10 Year Corporate Bond ETF SCHWAB STRATEGIC TRUST | 2026-06-30 | $10.7M | $10.5M | $1.0M |
| VANGUARD SHORT-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $9.7M | $9.6M | $165K |
| iShares 1-5 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $9.4M | $9.3M | $40K |
| iShares Core Universal USD Bond ETF iShares Trust | 2026-07-31 | $9.7M | $9.3M | $2.0M |
| VANGUARD LONG-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $8.5M | $9.1M | $9K |
| State Street(R) SPDR(R) Portfolio Intermediate Term Corporate Bond ETF SPDR SERIES TRUST | 2026-06-30 | $9.0M | $8.8M | $245K |
| MOA CORE BOND FUND MoA Funds Corp | 2026-06-30 | $7.9M | $8.4M | $0 |
| EUBEL BRADY & SUTTMAN INCOME FUND Eubel Brady & Suttman Mutual Fund Trust | 2026-07-31 | $8.5M | $8.4M | $0 |
| State Street(R) SPDR(R) Portfolio Short Term Corporate Bond ETF SPDR SERIES TRUST | 2026-06-30 | $7.7M | $7.8M | -$207K |
| Fidelity Series Bond Index Fund Fidelity Salem Street Trust | 2026-05-31 | $7.5M | $7.5M | $0 |
| Bond Fund of America | 2026-06-30 | $7.0M | $7.3M | $0 |
| BNY Mellon Core Plus Fund BNY Mellon Absolute Insight Funds, Inc. | 2026-07-31 | $6.9M | $6.5M | $0 |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Aristotle Strategic Income Fund ($13.0M), Transamerica Bond ($2.6M), Transamerica Aegon Bond VP ($1.7M), Transamerica Core Bond ($1.1M), Goldman Sachs Investment Grade Credit Fund ($997K), Transamerica Aegon Core Bond VP ($898K), Transamerica Multi-Managed Balanced ($495K), Goldman Sachs Bond Fund ($449K), Transamerica Multi-Managed Balanced VP ($411K), Columbia Diversified Fixed Income Allocation ETF ($250K).
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 | 7 | $79.4M | $79.3M | 0.02% |
| VCIT VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 2 | $62.2M | $63.6M | 0.09% |
| VCSH VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 3 | $42.6M | $42.6M | 0.08% |
| AGG iShares Core U.S. Aggregate Bond ETF | 2026-05-31 | 9 | $31.9M | $31.5M | 0.02% |
| LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | 2026-05-31 | 3 | $17.8M | $19.1M | 0.06% |
| BIV VANGUARD INTERMEDIATE-TERM BOND INDEX FUND | 2026-06-30 | 2 | $17.5M | $17.3M | 0.03% |
| IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 3 | $14.5M | $14.2M | 0.08% |
| USIG iShares Broad USD Investment Grade Corporate Bond ETF | 2026-05-31 | 9 | $12.9M | $12.8M | 0.07% |
| SCHI Schwab 5-10 Year Corporate Bond ETF | 2026-06-30 | 3 | $10.7M | $10.5M | 0.09% |
| BSV VANGUARD SHORT-TERM BOND INDEX FUND | 2026-06-30 | 3 | $9.7M | $9.6M | 0.01% |
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 3 | $9.4M | $9.3M | 0.04% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 9 | $9.7M | $9.3M | 0.02% |
| VCLT VANGUARD LONG-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 3 | $8.5M | $9.1M | 0.10% |
| SPIB State Street(R) SPDR(R) Portfolio Intermediate Term Corporate Bond ETF | 2026-06-30 | 6 | $9.0M | $8.8M | 0.08% |
| SPSB State Street(R) SPDR(R) Portfolio Short Term Corporate Bond ETF | 2026-06-30 | 2 | $7.7M | $7.8M | 0.07% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 7.01: safer than 66% of companies (56th percentile in Consumer Defensive). Market-implied, prices to 2026-10-16, balance sheet 2026-07-31.
| Equity value | $13.58B |
| Debt barrier (short-term + ½ long-term debt) | $3.54B |
| Equity volatility (1 year) | 28.2% |
| Asset value / asset volatility (solved) | $16.97B / 22.6% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 88 bp spread prices in about 1.5% 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 = 1.49 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in SJM'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 | 122 | $275.0M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 875 | $10.20B | 18 | $89.3M | 19 | $182.7M | 0 |
| 2026-03-31 | 803 | $7.69B | 19 | $61.6M | 19 | $134.1M | 0 |
| 2025-12-31 | 812 | $9.30B | 19 | $67.8M | 19 | $107.8M | 0 |
| 2025-09-30 | 801 | $10.10B | 21 | $127.6M | 18 | $154.3M | 0 |
| 2025-06-30 | 788 | $9.07B | 24 | $107.5M | 23 | $167.7M | 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.