V.F. Corporation bonds VFC
Who owns V.F. 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. VFC 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 |
|---|---|---|---|---|---|---|---|---|---|
| 918204BB3 | 2.8% fixed | 2027-04-23 | USD | 98.53 | 4.88% | 94 bp | 5 | $14.1M | Jul 2026 |
| 918204AX6 | 0.25% fixed | 2028-02-25 | EUR | 94.45 | 3.96% | — | 3 | $871K | Jul 2026 |
| 918204BE7 | 4.25% fixed | 2029-03-07 | EUR | 100.08 | 4.21% | — | 6 | $9.5M | Jul 2026 |
| 918204BC1 | 2.95% fixed | 2030-04-23 | USD | 89.88 | 6.02% | 173 bp | 31 | $121.5M | Jul 2026 |
| 918204AY4 | 0.63% fixed | 2032-02-25 | EUR | 81.63 | 4.42% | — | 9 | $8.8M | Jul 2026 |
| 918204AR9 | 6% fixed | 2033-10-15 | USD | 98.00 | 6.35% | 188 bp | 13 | $36.3M | Jul 2026 |
| 918204AT5 | 6.45% fixed | 2037-11-01 | USD | 94.34 | 7.19% | 253 bp | 10 | $31.0M | 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 | 7 | $222.0M | 94.44 | 6.35% | 188 bp | 31 |
| Jun 2026 | 7 | $45.5M | 95.13 | 5.85% | 150 bp | 22 |
| May 2026 | 6 | $99.9M | 94.96 | 6.04% | 171 bp | 19 |
| Apr 2026 | 7 | $261.0M | 96.14 | 5.95% | 180 bp | 33 |
| Mar 2026 | 8 | $47.6M | 93.39 | 5.97% | 203 bp | 13 |
| Feb 2026 | 7 | $111.9M | 97.55 | 5.39% | 162 bp | 17 |
| Jan 2026 | 7 | $272.1M | 96.74 | 5.60% | 172 bp | 33 |
| Dec 2025 | 9 | $60.8M | 95.58 | 5.83% | 203 bp | 21 |
| Nov 2025 | 8 | $98.9M | 96.29 | 6.02% | 224 bp | 21 |
| Oct 2025 | 7 | $244.9M | 93.71 | 6.32% | 256 bp | 29 |
| Sep 2025 | 9 | $55.8M | 94.77 | 6.29% | 250 bp | 13 |
| Aug 2025 | 6 | $67.3M | 93.61 | 6.48% | 255 bp | 21 |
| Jul 2025 | 7 | $205.1M | 90.86 | 7.01% | 292 bp | 23 |
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. 20 added, 24 cut, 11 new holders and 4 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| VanEck Fallen Angel High Yield Bond ETF VanEck ETF Trust | 2026-07-31 | $65.0M | $60.2M | -$21.8M |
| iShares Fallen Angels USD Bond ETF iShares Trust | 2026-07-31 | $44.9M | $41.5M | -$11.2M |
| iShares Broad USD High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $23.9M | $22.1M | -$8.6M |
| First Trust Smith Unconstrained Bond ETF First Trust Exchange-Traded Fund VIII | 2026-05-31 | $22.3M | $20.5M | $4.5M |
| First Trust Smith Opportunistic Fixed Income ETF First Trust Exchange-Traded Fund VIII | 2026-05-31 | $20.5M | $18.6M | $0 |
| ALPS | Smith Total Return Bond Fund FINANCIAL INVESTORS TRUST | 2026-07-31 | $20.0M | $18.0M | $0 |
| Dimensional Global Core Plus Fixed Income ETF Dimensional ETF Trust | 2026-07-31 | $15.7M | $14.6M | $10.0M |
| ALPS | Smith Core Plus Bond ETF ALPS ETF TRUST | 2026-05-31 | $12.8M | $11.6M | $500K |
| iShares Flexible Income Active ETF BlackRock ETF Trust II | 2026-07-31 | $11.0M | $11.4M | -$5.3M |
| iShares 0-5 Year High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $11.8M | $11.0M | -$50K |
| BlackRock Strategic Income Opportunities Portfolio BlackRock Funds V | 2026-06-30 | $9.7M | $9.7M | $1.3M |
| iShares iBoxx $ High Yield Corporate Bond ETF iShares Trust | 2026-05-31 | $10.4M | $9.4M | -$3.3M |
| State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $9.7M | $9.4M | $4.1M |
| iShares High Yield Systematic Bond ETF iShares Trust | 2026-05-31 | $8.8M | $7.9M | -$1.4M |
| Invesco Bloomberg Enhanced Fallen Angels ETF Invesco Exchange-Traded Fund Trust II | 2026-05-31 | $8.4M | $7.6M | -$10.6M |
| AB HIGH INCOME FUND INC | 2026-07-31 | $7.1M | $6.4M | $0 |
| Neuberger Strategic Income Fund NEUBERGER BERMAN INCOME FUNDS | 2026-07-31 | $5.8M | $5.7M | $0 |
| Invesco BulletShares 2027 High Yield Corporate Bond ETF Invesco Exchange-Traded Self-Indexed Fund Trust | 2026-05-31 | $5.7M | $5.6M | $960K |
| PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund PIMCO ETF Trust | 2026-06-30 | $5.5M | $5.3M | $1.8M |
| State Street(R) SPDR(R) Portfolio High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $5.5M | $5.1M | -$8.0M |
| Lord Abbett High Yield Fund LORD ABBETT INVESTMENT TRUST | 2026-05-31 | $4.3M | $4.3M | $0 |
| BlackRock Systematic Multi-Strategy Fund BlackRock Funds IV | 2026-06-30 | $4.6M | $4.2M | $0 |
| iShares iBonds 2027 Term High Yield and Income ETF iShares Trust | 2026-07-31 | $4.3M | $4.2M | $1.8M |
| Opportunistic Credit Fund RUSSELL INVESTMENT CO | 2026-07-31 | $3.3M | $3.3M | $162K |
| ALPS | Smith Short Duration Bond Fund FINANCIAL INVESTORS TRUST | 2026-07-31 | $3.2M | $3.2M | $0 |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): PIMCO Sector Fund Series - I ($1.1M), AllianceBernstein Global High Income Fund Inc ($512K), Strategic Advisers Core Income Fund ($200K), Xtrackers Low Beta High Yield Bond ETF ($62K).
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 |
|---|---|---|---|---|---|
| ANGL VanEck Fallen Angel High Yield Bond ETF | 2026-07-31 | 3 | $65.0M | $60.2M | 1.98% |
| FALN iShares Fallen Angels USD Bond ETF | 2026-07-31 | 3 | $44.9M | $41.5M | 2.57% |
| USHY iShares Broad USD High Yield Corporate Bond ETF | 2026-07-31 | 3 | $23.9M | $22.1M | 0.08% |
| UCON First Trust Smith Unconstrained Bond ETF | 2026-05-31 | 2 | $22.3M | $20.5M | 0.63% |
| FIXD First Trust Smith Opportunistic Fixed Income ETF | 2026-05-31 | 1 | $20.5M | $18.6M | 0.56% |
| DFGP Dimensional Global Core Plus Fixed Income ETF | 2026-07-31 | 2 | $15.7M | $14.6M | 0.43% |
| SMTH ALPS | Smith Core Plus Bond ETF | 2026-05-31 | 1 | $12.8M | $11.6M | 0.42% |
| SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 2026-07-31 | 2 | $11.8M | $11.0M | 0.14% |
| HYG iShares iBoxx $ High Yield Corporate Bond ETF | 2026-05-31 | 1 | $10.4M | $9.4M | 0.06% |
| SJNK State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF | 2026-06-30 | 2 | $9.7M | $9.4M | 0.19% |
| HYDB iShares High Yield Systematic Bond ETF | 2026-05-31 | 1 | $8.8M | $7.9M | 0.49% |
| IFLN Invesco Bloomberg Enhanced Fallen Angels ETF | 2026-05-31 | 1 | $8.4M | $7.6M | 2.37% |
| BSJR Invesco BulletShares 2027 High Yield Corporate Bond ETF | 2026-05-31 | 1 | $5.7M | $5.6M | 0.66% |
| HYS PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund | 2026-06-30 | 2 | $5.5M | $5.3M | 0.31% |
| SPHY State Street(R) SPDR(R) Portfolio High Yield Bond ETF | 2026-06-30 | 3 | $5.5M | $5.1M | 0.05% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 3.75: safer than 34% of companies (33th percentile in Consumer Cyclical). Market-implied, prices to 2026-10-16, balance sheet 2026-06-27.
| Equity value | $6.74B |
| Debt barrier (short-term + ½ long-term debt) | $2.01B |
| Equity volatility (1 year) | 49.1% |
| Asset value / asset volatility (solved) | $8.67B / 38.2% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 188 bp spread prices in about 3.1% 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 = 1.72 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in VFC'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 | 67 | $54.9M | 1 | $1K | 0 | — | 0 |
| 2026-06-30 | 541 | $6.60B | 16 | $418.1M | 19 | $224.4M | 0 |
| 2026-03-31 | 538 | $5.89B | 18 | $419.4M | 20 | $236.4M | 0 |
| 2025-12-31 | 503 | $6.81B | 25 | $340.8M | 32 | $437.9M | 1 |
| 2025-09-30 | 490 | $5.40B | 24 | $133.5M | 27 | $265.1M | 1 |
| 2025-06-30 | 508 | $4.55B | 23 | $132.4M | 27 | $151.8M | 1 |
Officials trading VFC bonds
| Trade date | Official | Type | Description | Amount | Filing |
|---|---|---|---|---|---|
| 2026-02-03 | John Fetterman | sale | V.F. Corp | $1,001 - $15,000 | filing |
| 2026-02-03 | John Karl Fetterman | sale | V.F. Corp | $1,001 - $15,000 | filing |
| 2026-02-03 | John Fetterman | sale full | V F CORP NOTE CALL MAKE WHOLE Rate/Coupon: 2.95% Matures: 04/23/2030 | $1,001 - $15,000 | filing |
| 2024-10-24 | John Karl Fetterman | purchase | V F Corp Note | $1,001 - $15,000 | filing |
| 2024-10-24 | John Fetterman | purchase | V F Corp Note | $1,001 - $15,000 | filing |
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.