SLM Corporation bonds SLMBP
Who owns SLM 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. SLMBP 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 |
|---|---|---|---|---|---|---|---|---|---|
| 78442PGE0 | 3.125% fixed | 2026-11-02 | USD | 99.38 | 4.97% | 128 bp | 4 | $22.3M | Jun 2026 |
| 78442PGF7 | 6.5% fixed | 2030-01-31 | USD | 101.11 | 6.14% | 186 bp | 35 | $44.3M | Jul 2026 |
| 78442PGG5 | 6.495% fixed | 2032-05-15 | USD | 99.69 | 6.56% | 218 bp | 40 | $37.5M | 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 | 2 | $81.8M | 100.40 | 6.35% | 202 bp | 40 |
| Jun 2026 | 3 | $204.0M | 99.94 | 6.28% | 206 bp | 66 |
| May 2026 | 2 | $21.9M | 100.69 | 6.28% | 213 bp | 21 |
| Apr 2026 | 2 | $64.9M | 99.83 | 6.21% | 235 bp | 32 |
| Mar 2026 | 2 | $134.6M | 98.69 | 7.01% | 323 bp | 49 |
| Feb 2026 | 2 | $79.3M | 100.13 | 6.04% | 244 bp | 23 |
| Jan 2026 | 2 | $67.0M | 100.86 | 5.61% | 192 bp | 35 |
| Dec 2025 | 2 | $160.2M | 100.92 | 5.52% | 189 bp | 59 |
| Nov 2025 | 2 | $61.7M | 101.24 | 5.34% | 171 bp | 24 |
| Oct 2025 | 2 | $76.1M | 100.98 | 5.22% | 161 bp | 36 |
| Sep 2025 | 2 | $164.6M | 101.13 | 5.20% | 157 bp | 54 |
| Aug 2025 | 2 | $62.1M | 101.36 | 5.07% | 126 bp | 23 |
| Jul 2025 | 2 | $69.8M | 100.78 | 5.29% | 131 bp | 40 |
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, 25 cut, 73 new holders and 25 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| High Yield Bond Series Manning & Napier Fund, Inc. | 2026-06-30 | $22.5M | $22.5M | $63K |
| Guggenheim Macro Opportunities Fund Guggenheim Funds Trust | 2026-06-30 | $16.8M | $16.8M | new |
| iShares Broad USD High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $15.5M | $15.6M | $7.1M |
| Janus Henderson Multi-Sector Income Fund Janus Investment Fund | 2026-06-30 | $13.2M | $13.2M | new |
| Guggenheim Limited Duration Fund Guggenheim Funds Trust | 2026-06-30 | $12.1M | $12.0M | $0 |
| PIMCO Multisector Bond Active Exchange-Traded Fund PIMCO ETF Trust | 2026-06-30 | $10.7M | $10.9M | -$2.4M |
| PIMCO High Yield Fund PIMCO FUNDS | 2026-06-30 | $10.7M | $10.7M | $7.0M |
| RBC BlueBay High Yield Bond Fund RBC Funds Trust | 2026-06-30 | $9.6M | $9.6M | new |
| Guggenheim Total Return Bond Fund Guggenheim Funds Trust | 2026-06-30 | $9.1M | $9.1M | $0 |
| BlackRock High Yield Portfolio BlackRock Funds V | 2026-06-30 | $9.0M | $9.0M | new |
| JNL/PPM America High Yield Bond Fund JNL Series Trust | 2026-06-30 | $7.6M | $7.6M | new |
| Shenkman Capital Short Duration High Income Fund Advisors Series Trust | 2026-06-30 | $6.1M | $6.2M | $930K |
| Fidelity SAI High Income Fund Fidelity Summer Street Trust | 2026-07-31 | $6.2M | $6.2M | $4.3M |
| State Street(R) SPDR(R) Bloomberg High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $6.1M | $6.2M | $3.4M |
| Fidelity High Income Fund Fidelity Summer Street Trust | 2026-07-31 | $6.1M | $6.1M | $3.3M |
| State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $5.8M | $5.9M | $1.8M |
| Dimensional Global Core Plus Fixed Income ETF Dimensional ETF Trust | 2026-07-31 | $5.8M | $5.8M | $5.4M |
| State Street(R) SPDR(R) Portfolio High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $5.2M | $5.3M | $3.8M |
| iShares 0-5 Year High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $4.5M | $4.6M | -$3.3M |
| Unconstrained Bond Series Manning & Napier Fund, Inc. | 2026-06-30 | $4.3M | $4.4M | $0 |
| Fidelity Total Bond Fund Fidelity Income Fund | 2026-05-31 | $4.3M | $4.3M | $2.1M |
| Carillon Chartwell Short Duration High Yield Fund Carillon Series Trust | 2026-06-30 | $4.0M | $4.1M | -$3.9M |
| AB HIGH INCOME FUND INC | 2026-07-31 | $3.4M | $3.4M | $2.0M |
| Harbor Core Plus Fund HARBOR FUNDS | 2026-07-31 | $3.4M | $3.4M | new |
| American High Income Trust | 2026-06-30 | $3.3M | $3.3M | -$3.4M |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Lord Abbett Short Duration Income Fund ($52.1M), iShares iBonds 2026 Term High Yield and Income ETF ($22.5M), Invesco BulletShares 2026 High Yield Corporate Bond ETF ($13.6M), River Canyon Total Return Bond Fund ($5.0M), PIMCO Credit Opportunities Bond Fund ($2.4M), Lord Abbett Inflation Focused Fund ($1.2M), DWS Short Duration Fund ($1.2M), JNL/Lord Abbett Short Duration Income Fund ($925K), PIMCO ESG Income Fund ($900K), State Street(R) My2026 Corporate Bond ETF ($500K).
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 | 2 | $15.5M | $15.6M | 0.05% |
| JNK State Street(R) SPDR(R) Bloomberg High Yield Bond ETF | 2026-06-30 | 2 | $6.1M | $6.2M | 0.08% |
| SJNK State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF | 2026-06-30 | 1 | $5.8M | $5.9M | 0.12% |
| DFGP Dimensional Global Core Plus Fixed Income ETF | 2026-07-31 | 1 | $5.8M | $5.8M | 0.17% |
| SPHY State Street(R) SPDR(R) Portfolio High Yield Bond ETF | 2026-06-30 | 2 | $5.2M | $5.3M | 0.05% |
| SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 2026-07-31 | 1 | $4.5M | $4.6M | 0.06% |
| FBND Fidelity Total Bond ETF | 2026-05-31 | 2 | $2.8M | $2.8M | 0.01% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 2 | $2.0M | $2.0M | 0.00% |
| HYLB Xtrackers USD High Yield Corporate Bond ETF | 2026-05-29 | 1 | $1.5M | $1.5M | 0.04% |
| SCYB Schwab High Yield Bond ETF | 2026-05-31 | 1 | $1.4M | $1.4M | 0.05% |
| NBSD Neuberger Short Duration Income ETF | 2026-07-31 | 2 | $740K | $746K | 0.06% |
| XBB BondBloxx BB Rated USD High Yield Corporate Bond ETF | 2026-07-31 | 2 | $655K | $658K | 0.13% |
| HYFI AB High Yield ETF | 2026-05-31 | 2 | $649K | $656K | 0.19% |
| GCSH Guggenheim Ultra Short Income ETF | 2026-06-30 | 1 | $600K | $596K | 0.43% |
| SYFI AB Short Duration High Yield ETF | 2026-05-31 | 1 | $562K | $562K | 0.06% |
Default risk, three ways
Stock market: distance-to-default
Not computed: financial company (banks, insurers, BDCs and REITs carry leverage as their business, which the model misreads).
Bond market: priced-in odds
A 202 bp spread prices in about 3.4% 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
Not available.
The stock side: 13F filings
What institutions report holding in SLMBP'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 | 34 | $15.7M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 379 | $5.08B | 7 | $2.0M | 9 | $11.6M | 0 |
| 2026-03-31 | 354 | $3.75B | 10 | $7.9M | 10 | $20.6M | 0 |
| 2025-12-31 | 363 | $5.49B | 14 | $29.2M | 9 | $9.0M | 0 |
| 2025-09-30 | 387 | $6.02B | 13 | $58.8M | 10 | $13.4M | 1 |
| 2025-06-30 | 417 | $7.13B | 12 | $24.1M | 13 | $45.9M | 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.