Trane Technologies plc bonds TT
Who owns Trane Technologies plc'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. TT 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 |
|---|---|---|---|---|---|---|---|---|---|
| 456873AD0 | 3.8% fixed | 2029-03-21 | USD | 97.76 | 4.71% | 46 bp | 15 | $16.5M | Jul 2026 |
| 892938AA9 | 5.25% fixed | 2033-03-03 | USD | 100.58 | 5.14% | 71 bp | 9 | $5.7M | Jul 2026 |
| 892938AB7 | 5.1% fixed | 2034-06-13 | USD | 99.09 | 5.24% | 74 bp | 9 | $6.0M | Jul 2026 |
| 45687AAG7 | 5.75% fixed | 2043-06-15 | USD | 99.46 | 5.80% | 85 bp | 6 | $1.6M | Jul 2026 |
| 456873AC2 | 4.65% fixed | 2044-11-01 | USD | 85.54 | 5.96% | 94 bp | 2 | $684K | Jul 2026 |
| 456873AF5 | 4.5% fixed | 2049-03-21 | USD | 81.53 | 6.00% | 90 bp | 3 | $572K | 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 | $31.1M | 98.43 | 5.52% | 80 bp | 15 |
| Jun 2026 | 6 | $128.5M | 99.65 | 5.21% | 62 bp | 28 |
| May 2026 | 6 | $166.7M | 99.93 | 5.18% | 56 bp | 27 |
| Apr 2026 | 6 | $33.5M | 100.01 | 5.22% | 76 bp | 12 |
| Mar 2026 | 6 | $123.1M | 100.03 | 5.25% | 82 bp | 29 |
| Feb 2026 | 6 | $181.6M | 102.13 | 4.83% | 56 bp | 28 |
| Jan 2026 | 6 | $37.2M | 101.02 | 5.07% | 70 bp | 13 |
| Dec 2025 | 6 | $123.0M | 100.87 | 5.07% | 75 bp | 28 |
| Nov 2025 | 6 | $181.3M | 101.32 | 4.93% | 68 bp | 32 |
| Oct 2025 | 6 | $38.2M | 100.91 | 5.00% | 79 bp | 13 |
| Sep 2025 | 6 | $122.6M | 100.79 | 5.00% | 71 bp | 30 |
| Aug 2025 | 6 | $181.6M | 100.55 | 5.15% | 73 bp | 32 |
| Jul 2025 | 6 | $39.0M | 99.75 | 5.21% | 67 bp | 16 |
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. 31 added, 22 cut, 6 new holders and 7 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $41.0M | $41.8M | $3.5M |
| VANGUARD TOTAL BOND MARKET INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $38.4M | $37.6M | $325K |
| VANGUARD TOTAL BOND MARKET II INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $18.9M | $18.8M | $0 |
| Fidelity U.S. Bond Index Fund Fidelity Salem Street Trust | 2026-05-31 | $16.2M | $15.5M | $0 |
| iShares Core U.S. Aggregate Bond ETF iShares Trust | 2026-05-31 | $13.8M | $13.4M | -$1.3M |
| VANGUARD WELLINGTON FUND | 2026-05-31 | $12.5M | $12.8M | -$4.2M |
| Baird Aggregate Bond Fund Baird Funds Inc | 2026-06-30 | $12.3M | $12.6M | $0 |
| JPMorgan Core Bond Fund JPMorgan Trust II | 2026-05-31 | $10.4M | $10.7M | $0 |
| VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $10.6M | $10.4M | $490K |
| iShares 5-10 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $8.9M | $9.1M | $220K |
| VANGUARD INTERMEDIATE-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $8.1M | $8.3M | $425K |
| iShares ESG Aware U.S. Aggregate Bond ETF iShares Trust | 2026-05-31 | $8.0M | $7.9M | $280K |
| State Street(R) SPDR(R) Portfolio Short Term Corporate Bond ETF SPDR SERIES TRUST | 2026-06-30 | $7.2M | $7.1M | $6.2M |
| VANGUARD SHORT-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $7.0M | $6.9M | $0 |
| Schwab 5-10 Year Corporate Bond ETF SCHWAB STRATEGIC TRUST | 2026-06-30 | $6.5M | $6.6M | $695K |
| iShares Broad USD Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $6.4M | $6.3M | -$20K |
| iShares iBonds Dec 2029 Term Corporate ETF iShares Trust | 2026-07-31 | $6.3M | $6.2M | $604K |
| Invesco BulletShares 2029 Corporate Bond ETF Invesco Exchange-Traded Self-Indexed Fund Trust | 2026-05-31 | $5.5M | $5.4M | -$30K |
| Baird Core Plus Bond Fund Baird Funds Inc | 2026-06-30 | $5.4M | $5.4M | $0 |
| VANGUARD LONG-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $4.9M | $5.0M | $443K |
| iShares Core Universal USD Bond ETF iShares Trust | 2026-07-31 | $4.6M | $4.5M | $755K |
| iShares 1-5 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $4.5M | $4.4M | -$1.2M |
| State Street(R) SPDR(R) Portfolio Intermediate Term Corporate Bond ETF SPDR SERIES TRUST | 2026-06-30 | $4.0M | $4.0M | $293K |
| iShares ESG Aware USD Corporate Bond ETF iShares Trust | 2026-05-31 | $4.0M | $4.0M | $210K |
| Fidelity Series Bond Index Fund Fidelity Salem Street Trust | 2026-05-31 | $3.6M | $3.5M | $0 |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): THE HARTFORD BALANCED INCOME FUND ($7.3M), iShares iBoxx $ Investment Grade Corporate Bond ETF ($5.6M), BlackRock Balanced Fund, Inc. ($4.6M), BlackRock Balanced Portfolio ($1.3M), VANGUARD WELLESLEY INCOME FUND ($1.1M), THRIVENT MODERATE ALLOCATION PORTFOLIO ($401K), BlackRock Bond Income Portfolio ($143K).
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 |
|---|---|---|---|---|---|
| VCIT VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 2 | $41.0M | $41.8M | 0.06% |
| BND VANGUARD TOTAL BOND MARKET INDEX FUND | 2026-06-30 | 6 | $38.4M | $37.6M | 0.01% |
| AGG iShares Core U.S. Aggregate Bond ETF | 2026-05-31 | 6 | $13.8M | $13.4M | 0.01% |
| VCSH VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 1 | $10.6M | $10.4M | 0.02% |
| IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 2 | $8.9M | $9.1M | 0.05% |
| BIV VANGUARD INTERMEDIATE-TERM BOND INDEX FUND | 2026-06-30 | 2 | $8.1M | $8.3M | 0.02% |
| EAGG iShares ESG Aware U.S. Aggregate Bond ETF | 2026-05-31 | 6 | $8.0M | $7.9M | 0.16% |
| SPSB State Street(R) SPDR(R) Portfolio Short Term Corporate Bond ETF | 2026-06-30 | 1 | $7.2M | $7.1M | 0.07% |
| BSV VANGUARD SHORT-TERM BOND INDEX FUND | 2026-06-30 | 1 | $7.0M | $6.9M | 0.01% |
| SCHI Schwab 5-10 Year Corporate Bond ETF | 2026-06-30 | 2 | $6.5M | $6.6M | 0.06% |
| USIG iShares Broad USD Investment Grade Corporate Bond ETF | 2026-05-31 | 6 | $6.4M | $6.3M | 0.04% |
| IBDU iShares iBonds Dec 2029 Term Corporate ETF | 2026-07-31 | 1 | $6.3M | $6.2M | 0.15% |
| BSCT Invesco BulletShares 2029 Corporate Bond ETF | 2026-05-31 | 1 | $5.5M | $5.4M | 0.19% |
| VCLT VANGUARD LONG-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 2 | $4.9M | $5.0M | 0.05% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 6 | $4.6M | $4.5M | 0.01% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 13.08: safer than 89% of companies (90th percentile in Industrials). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $102.04B |
| Debt barrier (short-term + ½ long-term debt) | $2.65B |
| Equity volatility (1 year) | 28.8% |
| Asset value / asset volatility (solved) | $104.58B / 28.1% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 80 bp spread prices in about 1.3% 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'' = 3.31 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
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.