Wabash National Corporation bonds WNC
Who owns Wabash National 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. WNC 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 |
|---|---|---|---|---|---|---|---|---|---|
| 929566AL1 | 4.5% fixed | 2028-10-15 | USD | 93.31 | 7.86% | 363 bp | 16 | $60.0M | Jul 2026 |
| 929566AM9 | 4% fixed | 2032-08-01 | USD | 104.50 | 3.17% | -122 bp | 2 | $751K | 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 | 2 | $60.8M | 98.91 | 5.51% | 120 bp | 16 |
| Jun 2026 | 1 | $78.1M | 92.97 | 7.91% | 379 bp | 30 |
| May 2026 | 1 | $31.1M | 85.06 | 11.90% | 789 bp | 18 |
| Apr 2026 | 1 | $81.7M | 88.34 | 9.96% | 615 bp | 21 |
| Mar 2026 | 1 | $78.8M | 87.73 | 10.09% | 637 bp | 32 |
| Feb 2026 | 1 | $34.2M | 92.14 | 7.87% | 437 bp | 22 |
| Jan 2026 | 1 | $83.6M | 93.11 | 7.36% | 377 bp | 24 |
| Dec 2025 | 1 | $78.5M | 93.61 | 7.06% | 352 bp | 29 |
| Nov 2025 | 1 | $39.4M | 91.57 | 7.83% | 427 bp | 22 |
| Oct 2025 | 1 | $73.4M | 88.21 | 9.14% | 561 bp | 26 |
| Sep 2025 | 1 | $73.0M | 92.80 | 7.18% | 362 bp | 31 |
| Aug 2025 | 1 | $38.1M | 91.81 | 7.48% | 381 bp | 22 |
| Jul 2025 | 1 | $72.4M | 89.57 | 8.27% | 441 bp | 32 |
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. 17 added, 11 cut, 7 new holders and 16 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| The Osterweis Strategic Income Fund Professionally Managed Portfolios | 2026-06-30 | $56.5M | $52.6M | $0 |
| Lord Abbett Short Duration High Yield Fund LORD ABBETT TRUST I | 2026-07-31 | $39.1M | $36.5M | -$355K |
| iShares Broad USD High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $8.6M | $8.0M | $1.4M |
| Guggenheim Macro Opportunities Fund Guggenheim Funds Trust | 2026-06-30 | $8.6M | $8.0M | $0 |
| JPMorgan High Yield Fund JPMorgan Trust II | 2026-05-31 | $6.2M | $5.3M | $60K |
| Guggenheim Strategic Opportunities Fund | 2026-05-29 | $6.0M | $5.1M | $0 |
| JPMorgan Active High Yield ETF J.P. Morgan Exchange-Traded Fund Trust | 2026-05-31 | $5.9M | $5.0M | $72K |
| State Street(R) SPDR(R) Portfolio High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $3.7M | $3.5M | -$623K |
| Lord Abbett High Yield Fund LORD ABBETT INVESTMENT TRUST | 2026-05-31 | $4.0M | $3.4M | $0 |
| iShares 0-5 Year High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $3.7M | $3.4M | $45K |
| JPMorgan Income Builder Fund JPMorgan Trust I | 2026-07-31 | $3.6M | $3.3M | $55K |
| Multi-Manager High Yield Bond Fund Goldman Sachs Trust II | 2026-07-31 | $3.1M | $2.9M | $300K |
| Fidelity Enhanced High Yield ETF Fidelity Covington Trust | 2026-05-31 | $3.3M | $2.8M | $405K |
| JPMorgan Global Bond Opportunities Fund JPMorgan Trust I | 2026-05-31 | $2.8M | $2.4M | $0 |
| State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $2.4M | $2.3M | -$3.9M |
| Hotchkis and Wiley High Yield Fund HOTCHKIS & WILEY FUNDS/DE/ | 2026-06-30 | $2.1M | $1.9M | $0 |
| Invesco BulletShares 2028 High Yield Corporate Bond ETF Invesco Exchange-Traded Self-Indexed Fund Trust | 2026-05-31 | $2.2M | $1.9M | $360K |
| Guggenheim Active Allocation Fund | 2026-05-29 | $1.8M | $1.5M | $0 |
| State Street(R) Blackstone Senior Loan ETF SSGA Active Trust | 2026-06-30 | $1.5M | $1.4M | $220K |
| Guggenheim High Yield Fund Guggenheim Funds Trust | 2026-06-30 | $1.3M | $1.2M | $0 |
| FlexShares High Yield Value - Scored Bond Index Fund FlexShares Trust | 2026-07-31 | $1.2M | $1.1M | -$2.2M |
| iShares iBonds 2028 Term High Yield and Income ETF iShares Trust | 2026-07-31 | $1.2M | $1.1M | $57K |
| Harbor Ares Systematic High Yield ETF Harbor ETF Trust | 2026-07-31 | $1.0M | $978K | $400K |
| SIIT HIGH YIELD BOND FUND SEI INSTITUTIONAL INVESTMENTS TRUST | 2026-05-31 | $1.1M | $951K | -$20K |
| BondBloxx CCC Rated USD High Yield Corporate Bond ETF BondBloxx ETF Trust | 2026-07-31 | $1.0M | $938K | new |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): MFS Income Fund ($22.2M), MFS High Income Fund ($4.9M), MFS High Yield Pooled Portfolio ($1.3M), MFS High Yield Portfolio ($739K), Xtrackers USD High Yield BB-B ex Financials ETF ($687K), Guardian Total Return Bond VIP Fund ($500K), Nuveen High Yield Corporate Bond ETF ($488K), MFS MULTIMARKET INCOME TRUST ($411K), Janus Henderson Multi-Sector Income Fund ($218K), Destinations Global Fixed Income Opportunities Fund ($200K).
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 | $8.6M | $8.0M | 0.03% |
| JPHY JPMorgan Active High Yield ETF | 2026-05-31 | 1 | $5.9M | $5.0M | 0.23% |
| SPHY State Street(R) SPDR(R) Portfolio High Yield Bond ETF | 2026-06-30 | 1 | $3.7M | $3.5M | 0.03% |
| SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 2026-07-31 | 1 | $3.7M | $3.4M | 0.04% |
| FDHY Fidelity Enhanced High Yield ETF | 2026-05-31 | 1 | $3.3M | $2.8M | 0.53% |
| SJNK State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF | 2026-06-30 | 1 | $2.4M | $2.3M | 0.05% |
| BSJS Invesco BulletShares 2028 High Yield Corporate Bond ETF | 2026-05-31 | 1 | $2.2M | $1.9M | 0.27% |
| SRLN State Street(R) Blackstone Senior Loan ETF | 2026-06-30 | 1 | $1.5M | $1.4M | 0.03% |
| HYGV FlexShares High Yield Value - Scored Bond Index Fund | 2026-07-31 | 1 | $1.2M | $1.1M | 0.10% |
| IBHH iShares iBonds 2028 Term High Yield and Income ETF | 2026-07-31 | 1 | $1.2M | $1.1M | 0.24% |
| SIHY Harbor Ares Systematic High Yield ETF | 2026-07-31 | 1 | $1.0M | $978K | 0.66% |
| XCCC BondBloxx CCC Rated USD High Yield Corporate Bond ETF | 2026-07-31 | 1 | $1.0M | $938K | 0.36% |
| HYBL State Street(R) Blackstone High Income ETF | 2026-06-30 | 1 | $918K | $854K | 0.15% |
| JCPB JPMorgan Core Plus Bond ETF | 2026-05-31 | 1 | $750K | $638K | 0.01% |
| SCYB Schwab High Yield Bond ETF | 2026-05-31 | 1 | $730K | $621K | 0.02% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 2.71: safer than 22% of companies (20th percentile in Industrials). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $501.9M |
| Debt barrier (short-term + ½ long-term debt) | $256.6M |
| Equity volatility (1 year) | 57.0% |
| Asset value / asset volatility (solved) | $747.7M / 38.3% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 120 bp spread prices in about 2.0% 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 = 1.63 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in WNC'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 | 18 | $4.9M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 161 | $502.3M | 3 | $540K | 5 | $2.3M | 0 |
| 2026-03-31 | 157 | $289.0M | 2 | $92K | 1 | $115K | 0 |
| 2025-12-31 | 175 | $317.1M | 1 | $865 | 1 | $198K | 0 |
| 2025-09-30 | 175 | $367.4M | 0 | — | 4 | $1.4M | 0 |
| 2025-06-30 | 184 | $430.5M | 1 | $0 | 5 | $1.5M | 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.