The Scotts Miracle-Gro Company bonds SMG
Who owns The Scotts Miracle-Gro 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. SMG 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 |
|---|---|---|---|---|---|---|---|---|---|
| 810186AP1 | 5.25% fixed | 2026-12-15 | USD | 99.82 | 5.73% | 195 bp | 6 | $10.9M | Jul 2026 |
| 810186AS5 | 4.5% fixed | 2029-10-15 | USD | 98.02 | 5.17% | 91 bp | 15 | $40.0M | Jul 2026 |
| 810186AX4 | 4% fixed | 2031-04-01 | USD | 92.92 | 5.75% | 143 bp | 24 | $55.6M | Jul 2026 |
| 810186AW6 | 4.375% fixed | 2032-02-01 | USD | 92.51 | 5.99% | 163 bp | 22 | $34.1M | 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 | 4 | $140.7M | 95.47 | 5.75% | 143 bp | 24 |
| Jun 2026 | 4 | $95.4M | 95.84 | 5.50% | 130 bp | 37 |
| May 2026 | 4 | $261.1M | 95.27 | 5.66% | 152 bp | 26 |
| Apr 2026 | 4 | $150.6M | 95.64 | 5.63% | 169 bp | 25 |
| Mar 2026 | 4 | $87.4M | 95.48 | 5.76% | 183 bp | 37 |
| Feb 2026 | 4 | $256.2M | 96.97 | 5.23% | 154 bp | 26 |
| Jan 2026 | 4 | $162.3M | 96.38 | 5.31% | 151 bp | 27 |
| Dec 2025 | 4 | $90.1M | 96.11 | 5.30% | 157 bp | 36 |
| Nov 2025 | 4 | $250.8M | 95.78 | 5.31% | 164 bp | 26 |
| Oct 2025 | 4 | $158.3M | 95.00 | 5.42% | 178 bp | 28 |
| Sep 2025 | 4 | $95.2M | 94.75 | 5.50% | 182 bp | 38 |
| Aug 2025 | 4 | $244.2M | 94.43 | 5.56% | 177 bp | 27 |
| Jul 2025 | 4 | $154.4M | 93.57 | 5.72% | 176 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. 37 added, 20 cut, 9 new holders and 5 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| PGIM High Yield Fund Prudential Investment Portfolios, Inc. 15 | 2026-05-29 | $90.1M | $83.9M | -$800K |
| NYLIM MacKay High Yield Corporate Bond Fund NYLIM FUNDS | 2026-07-31 | $56.4M | $53.5M | -$10.0M |
| JPMorgan High Yield Fund JPMorgan Trust II | 2026-05-31 | $40.5M | $38.9M | $408K |
| JPMorgan Income Fund JPMorgan Trust I | 2026-05-31 | $25.5M | $24.5M | $1.5M |
| iShares Broad USD High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $24.3M | $22.9M | $2.0M |
| NYLIM VP MacKay High Yield Corporate Bond Portfolio NYLIM VP FUNDS TRUST | 2026-06-30 | $17.2M | $16.4M | -$605K |
| iShares iBoxx $ High Yield Corporate Bond ETF iShares Trust | 2026-05-31 | $17.1M | $16.1M | -$861K |
| Thornburg Strategic Income Fund THORNBURG INVESTMENT TRUST | 2026-06-30 | $15.2M | $14.3M | $0 |
| Fidelity Capital and Income Fund Fidelity Summer Street Trust | 2026-07-31 | $11.9M | $11.1M | $0 |
| JPMorgan Active High Yield ETF J.P. Morgan Exchange-Traded Fund Trust | 2026-05-31 | $11.5M | $10.8M | $212K |
| JPMorgan Income Builder Fund JPMorgan Trust I | 2026-07-31 | $11.2M | $10.6M | $113K |
| JPMorgan Income ETF J.P. Morgan Exchange-Traded Fund Trust | 2026-05-31 | $10.7M | $10.4M | $1.8M |
| JPMorgan Core Plus Bond Fund JPMorgan Trust II | 2026-05-31 | $10.1M | $9.9M | $160K |
| BlackRock High Yield Portfolio BlackRock Funds V | 2026-06-30 | $8.5M | $8.1M | $0 |
| iShares iBonds 2026 Term High Yield and Income ETF iShares Trust | 2026-07-31 | $7.2M | $7.1M | -$423K |
| Invesco BulletShares 2026 High Yield Corporate Bond ETF Invesco Exchange-Traded Self-Indexed Fund Trust | 2026-05-31 | $7.1M | $7.1M | $760K |
| iShares 0-5 Year High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $7.1M | $6.7M | $3.6M |
| JPMorgan Global Bond Opportunities Fund JPMorgan Trust I | 2026-05-31 | $7.1M | $6.7M | -$660K |
| Fidelity Advisor Strategic Income Fund Fidelity Advisor Series II | 2026-06-30 | $5.9M | $5.6M | $0 |
| JPMorgan Core Plus Bond ETF J.P. Morgan Exchange-Traded Fund Trust | 2026-05-31 | $5.7M | $5.4M | $1.4M |
| High Yield Fund John Hancock Bond Trust | 2026-05-31 | $5.7M | $5.3M | $1.5M |
| Greenspring Income Opportunities Fund Manager Directed Portfolios | 2026-06-30 | $5.1M | $5.1M | $4.3M |
| NYLIM MacKay Short Duration High Income Fund NYLIM FUNDS TRUST | 2026-07-31 | $4.5M | $4.4M | $0 |
| State Street(R) SPDR(R) Portfolio High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $4.4M | $4.2M | $882K |
| Strategic Advisers Core Income Fund Fidelity Rutland Square Trust II | 2026-05-31 | $4.3M | $4.0M | $100K |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): First Trust Tactical High Yield ETF ($4.0M), First Trust High Yield Opportunities 2027 Term Fund ($338K), iShares Short Duration Bond Active ETF ($180K), First Trust Short Duration High Income Fund ($135K), BlackRock Global Allocation Fund, Inc. ($70K).
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 | 3 | $24.3M | $22.9M | 0.08% |
| HYG iShares iBoxx $ High Yield Corporate Bond ETF | 2026-05-31 | 3 | $17.1M | $16.1M | 0.10% |
| JPHY JPMorgan Active High Yield ETF | 2026-05-31 | 3 | $11.5M | $10.8M | 0.49% |
| JPIE JPMorgan Income ETF | 2026-05-31 | 3 | $10.7M | $10.4M | 0.11% |
| IBHF iShares iBonds 2026 Term High Yield and Income ETF | 2026-07-31 | 1 | $7.2M | $7.1M | 0.88% |
| BSJQ Invesco BulletShares 2026 High Yield Corporate Bond ETF | 2026-05-31 | 1 | $7.1M | $7.1M | 0.69% |
| SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 2026-07-31 | 2 | $7.1M | $6.7M | 0.09% |
| JCPB JPMorgan Core Plus Bond ETF | 2026-05-31 | 2 | $5.7M | $5.4M | 0.04% |
| SPHY State Street(R) SPDR(R) Portfolio High Yield Bond ETF | 2026-06-30 | 3 | $4.4M | $4.2M | 0.04% |
| PHYL PGIM Active High Yield Bond ETF | 2026-05-29 | 2 | $4.1M | $3.8M | 0.29% |
| HYLB Xtrackers USD High Yield Corporate Bond ETF | 2026-05-29 | 3 | $3.9M | $3.6M | 0.10% |
| BHYB Xtrackers USD High Yield BB-B ex Financials ETF | 2026-05-31 | 3 | $2.6M | $2.4M | 0.10% |
| SCYB Schwab High Yield Bond ETF | 2026-05-31 | 3 | $2.5M | $2.3M | 0.09% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 3 | $1.5M | $1.4M | 0.00% |
| JFLX JPMorgan Flexible Debt ETF | 2026-05-31 | 2 | $1.2M | $1.1M | 0.08% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 4.64: safer than 45% of companies (51th percentile in Basic Materials). Market-implied, prices to 2026-10-16, balance sheet 2026-06-27.
| Equity value | $3.18B |
| Debt barrier (short-term + ½ long-term debt) | $1.20B |
| Equity volatility (1 year) | 37.8% |
| Asset value / asset volatility (solved) | $4.32B / 27.8% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 143 bp spread prices in about 2.4% 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
Altman Z'' = 1.60 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in SMG'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 | 52 | $94.0M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 456 | $3.41B | 11 | $15.9M | 8 | $23.7M | 0 |
| 2026-03-31 | 429 | $2.40B | 14 | $25.9M | 9 | $16.7M | 0 |
| 2025-12-31 | 424 | $2.51B | 13 | $16.1M | 13 | $71.6M | 1 |
| 2025-09-30 | 451 | $2.36B | 13 | $31.9M | 14 | $71.3M | 1 |
| 2025-06-30 | 445 | $2.92B | 13 | $29.5M | 13 | $69.3M | 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.