Target Corporation bonds TGT
Who owns Target 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. TGT 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 |
|---|---|---|---|---|---|---|---|---|---|
| 87612EBM7 | 1.95% fixed | 2027-01-15 | USD | 99.03 | 4.11% | 29 bp | 3 | $7.9M | Jul 2026 |
| 87612EBU9 | 4.35% fixed | 2028-06-15 | USD | 99.81 | 4.46% | 26 bp | 6 | $7.2M | Jul 2026 |
| 87612EBH8 | 3.38% fixed | 2029-04-15 | USD | 97.08 | 4.54% | 29 bp | 9 | $10.6M | Jul 2026 |
| 87612EBJ4 | 2.35% fixed | 2030-02-15 | USD | 92.30 | 4.74% | 46 bp | 9 | $7.6M | Jul 2026 |
| 87612EBK1 | 2.65% fixed | 2030-09-15 | USD | 91.98 | 4.82% | 52 bp | 7 | $7.4M | Jul 2026 |
| 87612EBP0 | 4.5% fixed | 2032-09-15 | USD | 98.61 | 4.76% | 36 bp | 8 | $7.2M | Jul 2026 |
| 87612EAK2 | 6.35% fixed | 2032-11-01 | USD | 107.63 | 4.92% | 50 bp | 2 | $2.6M | Jul 2026 |
| 87612EBQ8 | 4.4% fixed | 2033-01-15 | USD | 97.21 | 4.91% | 48 bp | 4 | $3.3M | Jul 2026 |
| 87612EBS4 | 4.5% fixed | 2034-09-15 | USD | 95.30 | 5.22% | 70 bp | 10 | $7.8M | Jul 2026 |
| 87612EBT2 | 5% fixed | 2035-04-15 | USD | 98.17 | 5.26% | 72 bp | 8 | $3.7M | Jul 2026 |
| 87612EBV7 | 5.25% fixed | 2036-02-15 | USD | 99.80 | 5.28% | 70 bp | 7 | $1.5M | Jul 2026 |
| 87612EAR7 | 6.5% fixed | 2037-10-15 | USD | 108.28 | 5.50% | 84 bp | 5 | $1.8M | Jul 2026 |
| 87612EAU0 | 7% fixed | 2038-01-15 | USD | 111.82 | 5.59% | 92 bp | 6 | $11.4M | Jul 2026 |
| 87612EBA3 | 4% fixed | 2042-07-01 | USD | 80.59 | 5.90% | 99 bp | 5 | $3.8M | Jul 2026 |
| 87612EBF2 | 3.63% fixed | 2046-04-15 | USD | 72.71 | 6.01% | 92 bp | 3 | $1.3M | Jul 2026 |
| 87612EBG0 | 3.9% fixed | 2047-11-15 | USD | 74.62 | 6.03% | 92 bp | 6 | $1.3M | Jul 2026 |
| 87612EBN5 | 2.95% fixed | 2052-01-15 | USD | 60.84 | 5.96% | 85 bp | 6 | $2.0M | Jul 2026 |
| 87612EBR6 | 4.8% fixed | 2053-01-15 | USD | 85.02 | 5.93% | 82 bp | 6 | $2.6M | 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 | 18 | $91.1M | 97.14 | 5.26% | 70 bp | 10 |
| Jun 2026 | 18 | $509.2M | 98.11 | 4.98% | 57 bp | 23 |
| May 2026 | 18 | $465.9M | 98.19 | 4.96% | 54 bp | 21 |
| Apr 2026 | 18 | $101.6M | 98.16 | 4.95% | 70 bp | 10 |
| Mar 2026 | 19 | $469.5M | 98.45 | 4.95% | 77 bp | 24 |
| Feb 2026 | 19 | $486.9M | 99.83 | 4.64% | 57 bp | 22 |
| Jan 2026 | 19 | $105.3M | 98.68 | 4.86% | 71 bp | 10 |
| Dec 2025 | 19 | $483.7M | 98.99 | 4.73% | 67 bp | 24 |
| Nov 2025 | 19 | $494.3M | 99.12 | 4.69% | 62 bp | 20 |
| Oct 2025 | 19 | $101.7M | 98.64 | 4.76% | 74 bp | 10 |
| Sep 2025 | 19 | $492.4M | 98.66 | 4.76% | 66 bp | 25 |
| Aug 2025 | 19 | $522.4M | 97.92 | 4.88% | 65 bp | 22 |
| Jul 2025 | 19 | $100.1M | 96.97 | 4.97% | 63 bp | 10 |
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, 40 cut, 4 new holders and 8 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 | $174.8M | $160.0M | $24.0M |
| VANGUARD TOTAL BOND MARKET II INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $157.2M | $144.3M | $21.6M |
| VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $112.7M | $113.3M | $3.8M |
| iShares Core U.S. Aggregate Bond ETF iShares Trust | 2026-05-31 | $56.2M | $51.4M | -$1.5M |
| iShares iBoxx $ Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $53.8M | $47.2M | -$4.8M |
| VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $45.2M | $44.1M | $1.6M |
| VANGUARD INTERMEDIATE-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $38.7M | $38.3M | $4.2M |
| iShares 5-10 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $26.9M | $26.9M | $2.2M |
| State Street(R) SPDR(R) Portfolio Intermediate Term Corporate Bond ETF SPDR SERIES TRUST | 2026-06-30 | $24.5M | $24.4M | $9.8M |
| Fidelity U.S. Bond Index Fund Fidelity Salem Street Trust | 2026-05-31 | $25.6M | $22.1M | $0 |
| iShares Broad USD Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $23.4M | $21.7M | $160K |
| Schwab 5-10 Year Corporate Bond ETF SCHWAB STRATEGIC TRUST | 2026-06-30 | $21.6M | $21.7M | $2.3M |
| VANGUARD LONG-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $25.1M | $19.4M | $7.7M |
| iShares Core Universal USD Bond ETF iShares Trust | 2026-07-31 | $19.4M | $17.6M | $5.9M |
| VANGUARD SHORT-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $17.2M | $16.7M | -$882K |
| iShares 1-5 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $15.4M | $14.7M | -$1.4M |
| PGIM Ultra Short Bond ETF PGIM ETF Trust | 2026-05-29 | $14.0M | $14.0M | $0 |
| State Street(R) SPDR(R) Portfolio Short Term Corporate Bond ETF SPDR SERIES TRUST | 2026-06-30 | $12.3M | $12.1M | $8.3M |
| DFA Investment Grade Portfolio DFA INVESTMENT DIMENSIONS GROUP INC | 2026-07-31 | $9.8M | $10.3M | $0 |
| Invesco BulletShares 2027 Corporate Bond ETF Invesco Exchange-Traded Self-Indexed Fund Trust | 2026-05-31 | $10.2M | $10.0M | $155K |
| Fidelity Series Bond Index Fund Fidelity Salem Street Trust | 2026-05-31 | $10.4M | $10.0M | $0 |
| VANGUARD BALANCED INDEX FUND VANGUARD VALLEY FORGE FUNDS | 2026-06-30 | $10.0M | $9.1M | $0 |
| Avantis Core Fixed Income ETF American Century ETF Trust | 2026-05-31 | $7.5M | $8.2M | $155K |
| Nuveen Bond Index Fund TIAA-CREF Funds | 2026-06-30 | $8.5M | $7.7M | $0 |
| iShares iBonds Dec 2027 Term Corporate ETF iShares Trust | 2026-07-31 | $7.1M | $7.1M | -$69K |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Putnam Ultra Short Duration Income Fund ($18.9M), Invesco BulletShares 2026 Corporate Bond ETF ($11.9M), American Funds Strategic Bond Fund ($5.1M), Ultra Short Income Portfolio ($1.6M), Pemberwick Fund ($300K), Franklin Ultra Short Bond ETF ($257K), Putnam Ultra Short MAC Series ($48K), Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF ($16K).
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 | 16 | $174.8M | $160.0M | 0.04% |
| VCIT VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 6 | $112.7M | $113.3M | 0.17% |
| AGG iShares Core U.S. Aggregate Bond ETF | 2026-05-31 | 17 | $56.2M | $51.4M | 0.04% |
| LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | 2026-05-31 | 7 | $53.8M | $47.2M | 0.16% |
| VCSH VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 4 | $45.2M | $44.1M | 0.09% |
| BIV VANGUARD INTERMEDIATE-TERM BOND INDEX FUND | 2026-06-30 | 5 | $38.7M | $38.3M | 0.07% |
| IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 6 | $26.9M | $26.9M | 0.15% |
| SPIB State Street(R) SPDR(R) Portfolio Intermediate Term Corporate Bond ETF | 2026-06-30 | 9 | $24.5M | $24.4M | 0.21% |
| USIG iShares Broad USD Investment Grade Corporate Bond ETF | 2026-05-31 | 17 | $23.4M | $21.7M | 0.12% |
| SCHI Schwab 5-10 Year Corporate Bond ETF | 2026-06-30 | 6 | $21.6M | $21.7M | 0.19% |
| VCLT VANGUARD LONG-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 8 | $25.1M | $19.4M | 0.21% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 17 | $19.4M | $17.6M | 0.04% |
| BSV VANGUARD SHORT-TERM BOND INDEX FUND | 2026-06-30 | 4 | $17.2M | $16.7M | 0.02% |
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 4 | $15.4M | $14.7M | 0.07% |
| PULS PGIM Ultra Short Bond ETF | 2026-05-29 | 1 | $14.0M | $14.0M | 0.09% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 8.20: safer than 73% of companies (63th percentile in Consumer Defensive). Market-implied, prices to 2026-10-16, balance sheet 2026-08-01.
| Equity value | $69.73B |
| Debt barrier (short-term + ½ long-term debt) | $8.25B |
| Equity volatility (1 year) | 30.5% |
| Asset value / asset volatility (solved) | $77.63B / 27.4% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 70 bp spread prices in about 1.2% 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'' = 1.65 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in TGT'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 | 345 | $946.7M | 0 | — | 2 | $78K | 0 |
| 2026-06-30 | 1,876 | $50.24B | 53 | $2.73B | 53 | $2.77B | 0 |
| 2026-03-31 | 1,833 | $45.06B | 50 | $2.56B | 50 | $2.85B | 0 |
| 2025-12-31 | 1,711 | $36.40B | 46 | $2.59B | 61 | $3.55B | 0 |
| 2025-09-30 | 1,628 | $32.92B | 53 | $3.00B | 66 | $3.21B | 0 |
| 2025-06-30 | 1,722 | $37.14B | 54 | $2.80B | 61 | $3.05B | 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.