Worthington Steel, Inc. bonds WS
Who owns Worthington Steel, 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. WS 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 |
|---|---|---|---|---|---|---|---|---|---|
| BL5688876 | 0% fixed | 2033-05-31 | USD | — | — | — | 1 | $488K | Jun 2026 |
| 982104AA9 | 7.75% fixed | 2033-06-01 | USD | 103.47 | 7.10% | 265 bp | 66 | $85.8M | 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 | $85.8M | 103.47 | 7.10% | 265 bp | 66 |
| Jun 2026 | 2 | $106.6M | 102.71 | 7.24% | 292 bp | 114 |
| May 2026 | 1 | $46.9M | 102.02 | 7.38% | 307 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. 0 added, 0 cut, 211 new holders and 0 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| Bond Fund John Hancock Sovereign Bond Fund | 2026-05-31 | $14.1M | $14.4M | new |
| LORD ABBETT BOND DEBENTURE FUND INC | 2026-06-30 | $11.8M | $12.1M | new |
| VANGUARD HIGH-YIELD CORPORATE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $11.2M | $11.6M | new |
| T. Rowe Price High Yield Fund, Inc. T. ROWE PRICE HIGH YIELD FUND, INC. | 2026-05-31 | $8.4M | $8.6M | new |
| iShares Broad USD High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $7.7M | $8.0M | new |
| Federated Hermes Institutional High Yield Bond Fund Federated Hermes Institutional Trust | 2026-07-31 | $6.4M | $6.6M | new |
| PIMCO High Yield Fund PIMCO FUNDS | 2026-06-30 | $6.2M | $6.3M | new |
| BlackRock High Yield Portfolio BlackRock Funds V | 2026-06-30 | $5.6M | $5.7M | new |
| State Street(R) SPDR(R) Portfolio High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $5.4M | $5.6M | new |
| Eaton Vance Income Fund of Boston Eaton Vance Series Trust II | 2026-07-31 | $5.3M | $5.4M | new |
| State Street(R) SPDR(R) Bloomberg High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $5.3M | $5.4M | new |
| Lord Abbett Credit Opportunities Fund | 2026-06-30 | $4.4M | $4.5M | new |
| Payden High Income Fund PAYDEN & RYGEL INVESTMENT GROUP | 2026-07-31 | $4.3M | $4.4M | new |
| PIMCO Multisector Bond Active Exchange-Traded Fund PIMCO ETF Trust | 2026-06-30 | $4.2M | $4.3M | new |
| T. Rowe Price Dynamic Credit Fund T. ROWE PRICE INTERNATIONAL FUNDS, INC. | 2026-06-30 | $3.7M | $3.8M | new |
| HIGH INCOME OPPORTUNITIES PORTFOLIO High Income Opportunities Portfolio | 2026-07-31 | $3.6M | $3.7M | new |
| Columbia Strategic Income Fund COLUMBIA FUNDS SERIES TRUST I | 2026-05-31 | $3.3M | $3.4M | new |
| Nationwide Strategic Income Fund Nationwide Mutual Funds | 2026-07-31 | $3.1M | $3.2M | new |
| NYLIM MacKay High Yield Corporate Bond Fund NYLIM FUNDS | 2026-07-31 | $3.1M | $3.2M | new |
| Neuberger Strategic Income Fund NEUBERGER BERMAN INCOME FUNDS | 2026-07-31 | $2.8M | $2.9M | new |
| High Yield Fixed Income Fund Northern Funds | 2026-06-30 | $2.8M | $2.8M | new |
| Transamerica Multi-Asset Income TRANSAMERICA FUNDS | 2026-07-31 | $2.7M | $2.8M | new |
| Lord Abbett Income Fund LORD ABBETT INVESTMENT TRUST | 2026-05-31 | $2.7M | $2.8M | new |
| DWS High Income Fund DEUTSCHE DWS INCOME TRUST | 2026-06-30 | $2.6M | $2.7M | new |
| Lord Abbett Core Plus Bond Fund LORD ABBETT INVESTMENT TRUST | 2026-05-31 | $2.6M | $2.6M | new |
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 | $7.7M | $8.0M | 0.03% |
| SPHY State Street(R) SPDR(R) Portfolio High Yield Bond ETF | 2026-06-30 | 1 | $5.4M | $5.6M | 0.05% |
| JNK State Street(R) SPDR(R) Bloomberg High Yield Bond ETF | 2026-06-30 | 1 | $5.3M | $5.4M | 0.07% |
| HYGV FlexShares High Yield Value - Scored Bond Index Fund | 2026-07-31 | 1 | $2.0M | $2.1M | 0.19% |
| FDHY Fidelity Enhanced High Yield ETF | 2026-05-31 | 1 | $1.8M | $1.9M | 0.36% |
| XAGG Eaton Vance Income Opportunities ETF | 2026-06-30 | 1 | $1.7M | $1.7M | 0.15% |
| HYS PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund | 2026-06-30 | 1 | $1.0M | $1.0M | 0.06% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 1 | $795K | $822K | 0.00% |
| HYDB iShares High Yield Systematic Bond ETF | 2026-05-31 | 1 | $670K | $683K | 0.04% |
| XBB BondBloxx BB Rated USD High Yield Corporate Bond ETF | 2026-07-31 | 1 | $455K | $471K | 0.09% |
| VGHY VANGUARD HIGH-YIELD ACTIVE ETF | 2026-07-31 | 1 | $360K | $372K | 0.12% |
| HYBB iShares BB Rated Corporate Bond ETF | 2026-07-31 | 1 | $355K | $367K | 0.09% |
| SRLN State Street(R) Blackstone Senior Loan ETF | 2026-06-30 | 1 | $299K | $307K | 0.01% |
| HYXF iShares ESG Advanced High Yield Corporate Bond ETF | 2026-07-31 | 1 | $285K | $295K | 0.15% |
| HYBL State Street(R) Blackstone High Income ETF | 2026-06-30 | 1 | $262K | $269K | 0.05% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 3.14: safer than 27% of companies (30th percentile in Basic Materials). Market-implied, prices to 2026-10-16, balance sheet 2026-08-31.
| Equity value | $2.07B |
| Debt barrier (short-term + ½ long-term debt) | $1.41B |
| Equity volatility (1 year) | 46.7% |
| Asset value / asset volatility (solved) | $3.42B / 28.2% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 265 bp spread prices in about 4.4% 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 = 1.61 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in WS'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 | 21 | $8.0M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 228 | $881.6M | 2 | $420K | 2 | $410K | 0 |
| 2026-03-31 | 227 | $684.2M | 1 | $373K | 3 | $574K | 0 |
| 2025-12-31 | 231 | $902.5M | 0 | — | 1 | $100K | 0 |
| 2025-09-30 | 210 | $792.7M | 2 | $1.3M | 1 | $274K | 0 |
| 2025-06-30 | 203 | $739.1M | 2 | $203K | 2 | $567K | 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.