UG government bonds
UG's bonds as US funds mark them in their filings (SEC Form N-PORT), by currency. Fund marks as of Jul 2026; they lag the market by about two months.
By currency
| Bonds | Measured against | Count | Spread | 10-year spread | Priced-in 5y odds | 1-month change | Median yield | Held by US funds |
|---|---|---|---|---|---|---|---|---|
| UGX Other foreign-currency bonds | own currency: yield only, no default number | 11 | — | — | — | — | 14.34% | $81.5M |
Priced-in odds = spread ÷ (1 − 40% recovery) over five years; it includes a risk premium and overstates actual defaults. Own-currency bonds get a yield and no odds: a government can print its own currency.
UG's UGX curve
Yield to maturity of each UGX bond US funds hold (11 bonds, government and government-related issuers, index-linked excluded), Jul 2026 fund marks. Hover a point for the bond.
Who holds UG's debt
Fund series holding UG's government and government-related bonds in their latest quarterly report: 24 now, 27 a quarter earlier. Names as reported in the filings.
| Fund series | Report | Bonds | Face value | Value |
|---|---|---|---|---|
| American Beacon Developing World Income Fund | 2026-07-31 | 10 | $265.84B | $70.9M |
| Artisan Global Unconstrained Fund | 2026-06-30 | 2 | $32.99B | $9.4M |
| Templeton Emerging Markets Income Fund | 2026-06-30 | 5 | $33.49B | $9.3M |
| Neuberger Strategic Income Fund | 2026-07-31 | 4 | $26.77B | $7.4M |
| Nuveen International Bond Fund | 2026-06-30 | 2 | $18.90B | $5.0M |
| Mercer Opportunistic Fixed Income Fund | 2026-06-30 | 4 | $15.85B | $4.2M |
| Nuveen Emerging Markets Debt Fund | 2026-06-30 | 1 | $10.89B | $2.8M |
| Nuveen Core Plus Bond Fund | 2026-06-30 | 2 | $8.48B | $2.3M |
| Nuveen Core Bond Fund | 2026-06-30 | 1 | $7.60B | $2.1M |
| Nuveen Strategic Income Fund | 2026-05-31 | 1 | $7.05B | $1.9M |
| VanEck Emerging Markets Bond ETF | 2026-06-30 | 1 | $6.56B | $1.9M |
| Artisan Emerging Markets Debt Opportunities Fund | 2026-06-30 | 2 | $6.18B | $1.8M |
| SIT Emerging Markets Debt Fund | 2026-06-30 | 2 | $5.77B | $1.6M |
| Franklin Emerging Market Debt Opportunities Fund | 2026-07-31 | 1 | $5.34B | $1.5M |
| College Retirement Equities Fund - Core Bond Account | 2026-06-30 | 2 | $3.90B | $1.0M |
| Goldman Sachs Multi-Manager Non-Core Fixed Income Fund | 2026-07-31 | 2 | $3.05B | $831K |
| William Blair Emerging Markets Debt Fund | 2026-06-30 | 1 | $3.00B | $762K |
| PGIM Emerging Markets Debt Hard Currency Fund | 2026-07-31 | 2 | $1.98B | $512K |
| PGIM Emerging Markets Debt Local Currency Fund | 2026-07-31 | 2 | $1.45B | $378K |
| GMO Implementation Fund | 2026-05-31 | 1 | $1.18B | $314K |
ETFs holding UG's bonds
From each ETF's own latest N-PORT report, as a share of its net assets. A holdings list, not a recommendation.
| ETF | Report | Bonds | Value | % of net assets |
|---|---|---|---|---|
| EMBX VanEck Emerging Markets Bond ETF | 2026-06-30 | 1 | $1.9M | 0.76% |
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.