WEX Inc. bonds WEX
Who owns WEX Inc.'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. WEX 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 |
|---|---|---|---|---|---|---|---|---|---|
| 96208TAD6 | 6.5% fixed | 2033-03-15 | USD | 99.43 | 6.61% | 217 bp | 37 | $54.7M | 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 | 1 | $54.7M | 99.43 | 6.61% | 217 bp | 37 |
| Jun 2026 | 1 | $100.9M | 99.58 | 6.58% | 226 bp | 54 |
| May 2026 | 1 | $16.4M | 99.51 | 6.59% | 230 bp | 20 |
| Apr 2026 | 1 | $52.6M | 99.60 | 6.57% | 246 bp | 37 |
| Mar 2026 | 1 | $91.5M | 97.96 | 6.87% | 284 bp | 54 |
| Feb 2026 | 1 | $28.5M | 100.41 | 6.43% | 253 bp | 27 |
| Jan 2026 | 1 | $59.9M | 102.11 | 6.13% | 213 bp | 42 |
| Dec 2025 | 1 | $111.2M | 102.46 | 6.07% | 216 bp | 59 |
| Nov 2025 | 1 | $36.8M | 101.97 | 6.16% | 228 bp | 31 |
| Oct 2025 | 1 | $61.0M | 102.30 | 6.11% | 225 bp | 43 |
| Sep 2025 | 1 | $121.4M | 102.15 | 6.14% | 224 bp | 58 |
| Aug 2025 | 1 | $37.1M | 102.37 | 6.10% | 206 bp | 32 |
| Jul 2025 | 1 | $59.8M | 101.31 | 6.28% | 208 bp | 41 |
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. 25 added, 13 cut, 11 new holders and 18 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| Artisan High Income Fund Artisan Partners Funds Inc. | 2026-06-30 | $31.2M | $31.1M | $0 |
| BlackRock High Yield Portfolio BlackRock Funds V | 2026-06-30 | $25.2M | $25.1M | $0 |
| iShares Broad USD High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $12.0M | $11.9M | $1.5M |
| VANGUARD HIGH-YIELD CORPORATE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $8.8M | $8.7M | $0 |
| High Yield Fixed Income Fund Northern Funds | 2026-06-30 | $6.1M | $6.1M | $3.6M |
| Diversified Income Fund Principal Funds, Inc | 2026-07-31 | $5.6M | $5.5M | $0 |
| PGIM High Yield Fund Prudential Investment Portfolios, Inc. 15 | 2026-05-29 | $5.0M | $5.0M | -$8.4M |
| Credit Suisse Strategic Income Fund CREDIT SUISSE OPPORTUNITY FUNDS | 2026-07-31 | $4.5M | $4.5M | $0 |
| State Street(R) SPDR(R) Bloomberg High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $3.9M | $3.9M | $224K |
| Hotchkis and Wiley High Yield Fund HOTCHKIS & WILEY FUNDS/DE/ | 2026-06-30 | $3.7M | $3.7M | $513K |
| BlackRock High Yield V.I. Fund BlackRock Variable Series Funds II, Inc. | 2026-06-30 | $3.7M | $3.6M | $1.2M |
| State Street(R) SPDR(R) Portfolio High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $3.6M | $3.6M | $425K |
| BlackRock Corporate High Yield Fund, Inc. | 2026-06-30 | $3.1M | $3.1M | $0 |
| Columbia Strategic Income Fund COLUMBIA FUNDS SERIES TRUST I | 2026-05-31 | $3.0M | $3.0M | $0 |
| Transamerica Multi-Asset Income TRANSAMERICA FUNDS | 2026-07-31 | $3.0M | $3.0M | $0 |
| Columbia High Yield Bond Fund Columbia Funds Series Trust II | 2026-05-31 | $2.6M | $2.6M | $0 |
| Polen Opportunistic High Yield Fund FundVantage Trust | 2026-07-31 | $2.5M | $2.5M | $550K |
| Mercer Opportunistic Fixed Income Fund Mercer Funds | 2026-06-30 | $2.2M | $2.2M | $1.4M |
| CREDIT SUISSE HIGH YIELD CREDIT FUND | 2026-07-31 | $2.1M | $2.1M | $0 |
| Six Circles Credit Opportunities Fund SIX CIRCLES TRUST | 2026-06-30 | $1.7M | $1.7M | -$680K |
| NYLIM Floating Rate Fund NYLIM FUNDS TRUST | 2026-07-31 | $1.6M | $1.6M | $0 |
| CREDIT SUISSE ASSET MANAGEMENT INCOME FUND, INC. | 2026-06-30 | $1.5M | $1.5M | $0 |
| High Income Fund American Century Investment Trust | 2026-06-30 | $1.5M | $1.5M | $0 |
| BlackRock Multi-Asset Income Portfolio BlackRock Funds II | 2026-07-31 | $1.5M | $1.5M | -$199K |
| 1290 VT High Yield Bond Portfolio EQ Advisors Trust | 2026-06-30 | $1.4M | $1.4M | $0 |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Multi-Manager High Yield Bond Fund ($980K), Fidelity Total Bond Fund ($915K), Fidelity Total Bond ETF ($628K), BlackRock Multi-Sector Income Trust ($518K), Fidelity SAI Total Bond Fund ($487K), PSF PGIM High Yield Bond Portfolio ($410K), PGIM High Yield Bond Fund, Inc. ($340K), BlackRock Low Duration Bond Portfolio ($308K), PGIM Global High Yield Fund, Inc. ($305K), BondBloxx BB Rated USD High Yield Corporate Bond ETF ($300K).
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 | 1 | $12.0M | $11.9M | 0.04% |
| JNK State Street(R) SPDR(R) Bloomberg High Yield Bond ETF | 2026-06-30 | 1 | $3.9M | $3.9M | 0.05% |
| SPHY State Street(R) SPDR(R) Portfolio High Yield Bond ETF | 2026-06-30 | 1 | $3.6M | $3.6M | 0.03% |
| HYGV FlexShares High Yield Value - Scored Bond Index Fund | 2026-07-31 | 1 | $1.2M | $1.2M | 0.11% |
| SCYB Schwab High Yield Bond ETF | 2026-05-31 | 1 | $1.0M | $1.0M | 0.04% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 1 | $660K | $657K | 0.00% |
| QHY WisdomTree U.S. High Yield Corporate Bond Fund | 2026-06-30 | 1 | $353K | $352K | 0.15% |
| HYZD WisdomTree Interest Rate Hedged High Yield Bond Fund | 2026-05-31 | 1 | $301K | $300K | 0.13% |
| HYBB iShares BB Rated Corporate Bond ETF | 2026-07-31 | 1 | $275K | $273K | 0.06% |
| BBHY JPMorgan BetaBuilders USD High Yield Corporate Bond ETF | 2026-05-31 | 1 | $260K | $259K | 0.04% |
| HYXF iShares ESG Advanced High Yield Corporate Bond ETF | 2026-07-31 | 1 | $232K | $231K | 0.12% |
| AHYB American Century Select High Yield ETF | 2026-05-31 | 1 | $150K | $149K | 0.25% |
| VPLS VANGUARD CORE-PLUS BOND ETF | 2026-06-30 | 1 | $145K | $144K | 0.01% |
| NUHY Nuveen ESG High Yield Corporate Bond ETF | 2026-07-31 | 1 | $130K | $129K | 0.12% |
| XB BondBloxx B Rated USD High Yield Corporate Bond ETF | 2026-07-31 | 1 | $80K | $80K | 0.11% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 3.78: safer than 35% of companies (32th percentile in Technology). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $6.23B |
| Debt barrier (short-term + ½ long-term debt) | $3.60B |
| Equity volatility (1 year) | 40.9% |
| Asset value / asset volatility (solved) | $9.67B / 26.4% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 217 bp spread prices in about 3.6% 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'' = 1.09 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in WEX'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 | 37 | $11.6M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 403 | $5.58B | 8 | $35.0M | 9 | $34.4M | 0 |
| 2026-03-31 | 415 | $5.35B | 9 | $72.1M | 3 | $4.6M | 0 |
| 2025-12-31 | 414 | $5.68B | 2 | $2.6M | 3 | $4.9M | 0 |
| 2025-09-30 | 381 | $5.91B | 3 | $2.0M | 3 | $3.6M | 0 |
| 2025-06-30 | 376 | $5.56B | 6 | $1.7M | 4 | $3.8M | 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.