Venezuela government bonds
Venezuela'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 |
|---|---|---|---|---|---|---|---|---|
| USD Emerging markets, US-dollar bonds | vs US Treasuries | 15 | n/a | — | — | — | — | $480.7M |
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.
Who holds Venezuela's debt
Fund series holding Venezuela's government and government-related bonds in their latest quarterly report: 140 now, 131 a quarter earlier. Names as reported in the filings.
| Fund series | Report | Bonds | Face value | Value |
|---|---|---|---|---|
| PIMCO Income Fund | 2026-06-30 | 5 | $269.4M | $135.8M |
| LORD ABBETT BOND DEBENTURE FUND INC | 2026-06-30 | 3 | $188.9M | $99.7M |
| Global Macro Absolute Return Advantage Portfolio | 2026-07-31 | 15 | $201.8M | $99.3M |
| MFS Emerging Markets Debt Fund | 2026-07-31 | 4 | $168.2M | $82.8M |
| Fidelity New Markets Income Fund | 2026-06-30 | 4 | $123.9M | $61.4M |
| Eaton Vance Emerging Markets Debt Opportunities Fund | 2026-07-31 | 14 | $109.8M | $53.6M |
| TCW Emerging Markets Income Fund | 2026-07-31 | 4 | $102.4M | $50.4M |
| T. Rowe Price Emerging Markets Bond Fund | 2026-06-30 | 6 | $96.9M | $46.4M |
| VANGUARD EMERGING MARKETS BOND FUND | 2026-06-30 | 6 | $91.2M | $45.1M |
| Strategic Advisers Fidelity Core Income Fund | 2026-05-31 | 4 | $69.6M | $36.5M |
| GMO Emerging Country Debt Fund | 2026-05-31 | 2 | $66.4M | $34.7M |
| Global Opportunities Portfolio | 2026-07-31 | 12 | $68.3M | $33.2M |
| Global Macro Portfolio | 2026-07-31 | 15 | $62.3M | $30.7M |
| Fidelity Series Emerging Markets Debt Fund | 2026-06-30 | 4 | $54.6M | $27.9M |
| PIMCO Emerging Markets Bond Fund | 2026-06-30 | 5 | $52.5M | $24.5M |
| Fidelity Emerging Markets Debt Central Fund | 2026-06-30 | 3 | $47.2M | $23.8M |
| THE HARTFORD BALANCED INCOME FUND | 2026-07-31 | 7 | $45.4M | $21.1M |
| Emerging Markets Debt Fund | 2026-05-31 | 1 | $33.0M | $15.4M |
| American Beacon Developing World Income Fund | 2026-07-31 | 3 | $27.1M | $14.2M |
| BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF | 2026-07-31 | 11 | $27.1M | $13.7M |
ETFs holding Venezuela'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 |
|---|---|---|---|---|
| XEMD BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF | 2026-07-31 | 11 | $13.7M | 1.62% |
| XAGG Eaton Vance Income Opportunities ETF | 2026-06-30 | 8 | $5.0M | 0.43% |
| FBND Fidelity Total Bond ETF | 2026-05-31 | 3 | $3.6M | 0.01% |
| EVTR Eaton Vance Total Return Bond ETF | 2026-06-30 | 10 | $2.5M | 0.04% |
| CGCP Capital Group Core Plus Income ETF | 2026-06-30 | 3 | $2.1M | 0.03% |
| JEMB Janus Henderson Emerging Markets Debt Hard Currency ETF | 2026-07-31 | 1 | $960K | 0.22% |
| NFLT Virtus Newfleet Multi-Sector Bond ETF | 2026-07-31 | 2 | $572K | 0.13% |
| VEMY Virtus Stone Harbor Emerging Markets High Yield Bond ETF | 2026-07-31 | 3 | $471K | 0.95% |
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.