Zions Bancorporation, National Association bonds ZION
Who owns Zions Bancorporation, National Association'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. ZION 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 |
|---|---|---|---|---|---|---|---|---|---|
| 98971DAD2 | 4.704% variable | 2028-08-18 | USD | 99.68 | — | — | 16 | $40.8M | Jul 2026 |
| 98971DAE0 | 4.483% fixed | 2029-02-09 | USD | 99.22 | 4.81% | 57 bp | 21 | $42.9M | Jul 2026 |
| 98971DAF7 | 5.239% variable | 2029-10-01 | USD | 100.05 | — | — | 18 | $46.6M | Jul 2026 |
| 98971DAB6 | 3.25% fixed | 2029-10-29 | USD | 93.90 | 5.32% | 105 bp | 14 | $14.1M | Jul 2026 |
| 98971DAC4 | 6.816% fixed | 2035-11-19 | USD | 103.56 | 6.30% | 174 bp | 15 | $10.8M | 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 | 5 | $155.2M | 99.68 | 5.32% | 105 bp | 21 |
| Jun 2026 | 4 | $242.0M | 99.50 | 5.13% | 97 bp | 32 |
| May 2026 | 4 | $181.0M | 99.69 | 5.16% | 110 bp | 17 |
| Apr 2026 | 4 | $105.7M | 99.74 | 5.43% | 158 bp | 21 |
| Mar 2026 | 4 | $232.9M | 99.28 | 5.53% | 176 bp | 32 |
| Feb 2026 | 4 | $162.5M | 100.31 | 4.71% | 114 bp | 17 |
| Jan 2026 | 3 | $63.6M | 100.27 | 5.44% | 151 bp | 18 |
| Dec 2025 | 3 | $192.0M | 100.05 | 5.44% | 157 bp | 32 |
| Nov 2025 | 3 | $129.0M | 99.91 | 5.54% | 169 bp | 18 |
| Oct 2025 | 3 | $57.6M | 99.97 | 5.58% | 175 bp | 16 |
| Sep 2025 | 3 | $170.6M | 100.32 | 5.44% | 157 bp | 29 |
| Aug 2025 | 3 | $121.1M | 100.39 | 5.68% | 167 bp | 17 |
| Jul 2025 | 2 | $22.7M | 98.18 | 5.82% | 166 bp | 15 |
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, 18 cut, 13 new holders and 5 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| VANGUARD TOTAL BOND MARKET INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $36.7M | $36.2M | $1.6M |
| Lord Abbett Ultra Short Bond Fund LORD ABBETT INVESTMENT TRUST | 2026-05-31 | $33.1M | $33.1M | $0 |
| LORD ABBETT BOND DEBENTURE FUND INC | 2026-06-30 | $30.7M | $31.8M | $0 |
| Invesco Ultra Short Duration ETF Invesco Actively Managed Exchange-Traded Fund Trust | 2026-07-31 | $27.8M | $27.8M | $9.9M |
| First Trust Enhanced Short Maturity ETF First Trust Exchange-Traded Fund IV | 2026-07-31 | $25.0M | $24.9M | $10.0M |
| VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $20.9M | $19.8M | $4.1M |
| Lord Abbett Short Duration Income Fund LORD ABBETT INVESTMENT TRUST | 2026-05-31 | $19.9M | $19.8M | new |
| VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $18.6M | $19.3M | $4.4M |
| Baird Ultra Short Bond Fund Baird Funds Inc | 2026-06-30 | $14.3M | $14.3M | new |
| Invesco Conservative Income Fund Invesco Management Trust | 2026-05-31 | $13.6M | $13.6M | $0 |
| Nuveen Core Impact Bond Fund TIAA-CREF Funds | 2026-06-30 | $12.2M | $12.2M | $0 |
| College Retirement Equities Fund - Responsible Balanced Account College Retirement Equities Fund | 2026-06-30 | $12.2M | $12.2M | $0 |
| Janus Henderson Short Duration Income ETF Janus Detroit Street Trust | 2026-07-31 | $11.7M | $11.7M | new |
| EQ/Intermediate Corporate Bond Portfolio EQ Advisors Trust | 2026-06-30 | $11.0M | $11.5M | $7.2M |
| MOA CORE BOND FUND MoA Funds Corp | 2026-06-30 | $12.0M | $11.3M | $0 |
| VANGUARD SHORT-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $10.3M | $10.1M | $0 |
| Short Duration Bond Fund John Hancock Bond Trust | 2026-05-31 | $9.4M | $9.3M | $1.9M |
| Thompson Bond Fund Thompson IM Funds, Inc. | 2026-05-31 | $9.1M | $8.6M | $0 |
| State Street(R) SPDR(R) Portfolio Short Term Corporate Bond ETF SPDR SERIES TRUST | 2026-06-30 | $8.1M | $8.1M | -$1.6M |
| First Trust Core Investment Grade ETF First Trust Exchange-Traded Fund IV | 2026-07-31 | $8.0M | $8.0M | $0 |
| Intermediate Bond Fund of America | 2026-05-31 | $7.6M | $7.6M | -$365K |
| First Trust Limited Duration Investment Grade Corporate ETF First Trust Exchange-Traded Fund IV | 2026-07-31 | $7.0M | $7.0M | $0 |
| Short Duration Strategic Income Fund American Century Investment Trust | 2026-06-30 | $7.2M | $6.9M | $0 |
| BlackRock Strategic Income Opportunities Portfolio BlackRock Funds V | 2026-06-30 | $6.7M | $6.3M | $0 |
| Invesco Core Bond Fund AIM Investment Funds (Invesco Investment Funds) | 2026-07-31 | $6.3M | $6.3M | $3.7M |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): CTIVP - American Century Diversified Bond Fund ($5.9M), Nomura VIP Corporate Bond Series ($3.1M), THRIVENT MODERATE ALLOCATION PORTFOLIO ($1.0M), Nomura VIP Investment Grade Series ($250K), BlackRock Bond Income Portfolio ($250K).
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 |
|---|---|---|---|---|---|
| BND VANGUARD TOTAL BOND MARKET INDEX FUND | 2026-06-30 | 3 | $36.7M | $36.2M | 0.01% |
| GSY Invesco Ultra Short Duration ETF | 2026-07-31 | 3 | $27.8M | $27.8M | 0.71% |
| FTSM First Trust Enhanced Short Maturity ETF | 2026-07-31 | 2 | $25.0M | $24.9M | 0.38% |
| VCSH VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 3 | $20.9M | $19.8M | 0.04% |
| VCIT VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 1 | $18.6M | $19.3M | 0.03% |
| VNLA Janus Henderson Short Duration Income ETF | 2026-07-31 | 1 | $11.7M | $11.7M | 0.35% |
| BSV VANGUARD SHORT-TERM BOND INDEX FUND | 2026-06-30 | 2 | $10.3M | $10.1M | 0.01% |
| SPSB State Street(R) SPDR(R) Portfolio Short Term Corporate Bond ETF | 2026-06-30 | 2 | $8.1M | $8.1M | 0.08% |
| FTCB First Trust Core Investment Grade ETF | 2026-07-31 | 2 | $8.0M | $8.0M | 0.31% |
| FSIG First Trust Limited Duration Investment Grade Corporate ETF | 2026-07-31 | 2 | $7.0M | $7.0M | 0.46% |
| GTO Invesco Total Return Bond ETF | 2026-07-31 | 4 | $5.9M | $5.9M | 0.24% |
| AGG iShares Core U.S. Aggregate Bond ETF | 2026-05-31 | 4 | $6.0M | $5.9M | 0.00% |
| SPIB State Street(R) SPDR(R) Portfolio Intermediate Term Corporate Bond ETF | 2026-06-30 | 4 | $5.5M | $5.5M | 0.05% |
| KORP American Century Diversified Corporate Bond ETF | 2026-05-31 | 2 | $5.5M | $5.4M | 0.66% |
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 3 | $5.3M | $5.2M | 0.02% |
Default risk, three ways
Stock market: distance-to-default
Not computed: financial company (banks, insurers, BDCs and REITs carry leverage as their business, which the model misreads).
Bond market: priced-in odds
A 105 bp spread prices in about 1.8% 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
Not available.
The stock side: 13F filings
What institutions report holding in ZION'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 | 71 | $74.4M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 588 | $8.06B | 13 | $58.1M | 14 | $107.5M | 0 |
| 2026-03-31 | 551 | $5.44B | 14 | $82.5M | 15 | $81.9M | 0 |
| 2025-12-31 | 548 | $6.73B | 17 | $107.9M | 15 | $85.1M | 0 |
| 2025-09-30 | 508 | $6.45B | 19 | $59.8M | 17 | $54.2M | 0 |
| 2025-06-30 | 488 | $5.89B | 18 | $55.0M | 13 | $38.1M | 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.