# Portfolio overlap — VCPSX vs VGMS

Comparing **VANGUARD STAR CORE-PLUS BOND FUND** (2026-01-31) and **VANGUARD MULTI-SECTOR INCOME BOND ETF** (2026-03-31).

- Shared positions: 495
- VANGUARD STAR CORE-PLUS BOND FUND covered by VANGUARD MULTI-SECTOR INCOME BOND ETF: 0.1281384505666619545305085995
- VANGUARD MULTI-SECTOR INCOME BOND ETF covered by VANGUARD STAR CORE-PLUS BOND FUND: 0.1281384505666619545305085994

## VANGUARD STAR CORE-PLUS BOND FUND — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| Uniform Mortgage-Backed Security, TBA | 0.029288 |  |
| Uniform Mortgage-Backed Security, TBA | 0.017501 |  |
| Uniform Mortgage-Backed Security, TBA | 0.015522 |  |
| Vanguard Market Liquidity Fund | 0.009959 | ✓ |
| US TREASURY N/B | 0.007510 |  |
| U.S. Treasury Inflation-Indexed Notes | 0.006175 |  |
| FHR 4390 NZ | 0.005622 |  |
| PMTLT 2025-INV3 A3 | 0.005359 |  |
| US TREASURY N/B | 0.005269 |  |
| Hellenic Republic Government Bonds | 0.005000 |  |
| UNITED MEXICAN | 0.004966 | ✓ |
| Central American Bank for Economic Integration | 0.004816 |  |
| GN 788015 | 0.004808 |  |
| GN 788071 | 0.004716 |  |
| Presidencia de la Republica Dominicana | 0.004708 |  |
| Caisse d'Amortissement de la Dette Sociale | 0.004652 |  |
| CASSA DEPOSITI E PRESTIT SR UNSECURED 144A 10/30 4.375 | 0.004515 |  |
| Uniform Mortgage-Backed Security, TBA | 0.004417 |  |
| Presidencia de la Republica Dominicana | 0.004154 |  |
| PMTLT 2025-INV4 A3 | 0.004109 |  |
| CORP ANDINA FOM | 0.004000 |  |
| US TREASURY N/B | 0.003990 |  |
| CITY OF MADRID S | 0.003980 |  |
| REP OF CYPRUS | 0.003979 |  |
| G2 MA8800 | 0.003922 |  |
| FN MA4237 | 0.003897 |  |
| PMTLT 2025-INV12 A35 | 0.003855 |  |
| SERBIA REPUBLIC | 0.003782 | ✓ |
| Republic of Paraguay | 0.003675 |  |
| CITIGROUP INC | 0.003623 |  |
| GN 788076 | 0.003532 |  |
| Cassa Depositi e Prestiti SpA | 0.003483 |  |
| FR SD6557 | 0.003294 |  |
| Sequoia Mortgage Trust, Series 2025-S2, Class A1 | 0.003283 |  |
| US TREASURY N/B | 0.003252 |  |
| FR RA6406 | 0.003242 |  |
| FN BZ3823 | 0.003176 |  |
| Government National Mortgage Association | 0.003118 |  |
| FN MA4236 | 0.003115 |  |
| Caisse d'Amortissement de la Dette Sociale | 0.003065 |  |
| G2 MA7533 | 0.003028 |  |
| SLOVAKIA GOVT | 0.003024 |  |
| US TREASURY N/B | 0.002951 |  |
| US TREASURY N/B | 0.002900 |  |
| FR RJ3891 | 0.002872 |  |
| PMTLT 2025-INV11 A36 | 0.002840 |  |
| FNCL 3 2/26 | 0.002818 |  |
| FR SL0354 | 0.002793 |  |
| US TREASURY N/B | 0.002778 |  |
| STHRN GAS CRIDOR | 0.002768 |  |

## VANGUARD MULTI-SECTOR INCOME BOND ETF — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| US TREASURY N/B | 0.010910 |  |
| U.S. Treasury Bills | 0.010686 |  |
| MS V4.213 02/08/30 . | 0.009250 | ✓ |
| Vanguard Market Liquidity Fund | 0.008255 | ✓ |
| US TREASURY N/B | 0.008217 |  |
| Petroleos Mexicanos | 0.008060 | ✓ |
| AMAZON.COM INC | 0.007574 |  |
| Presidencia de la Republica Dominicana | 0.006353 | ✓ |
| US TREASURY N/B | 0.006165 |  |
| SAUDI INT BOND | 0.005981 | ✓ |
| CAPITAL ONE FINL | 0.005924 |  |
| UNITED MEXICAN | 0.005627 | ✓ |
| TransDigm, Inc. | 0.005478 | ✓ |
| ZF NORTH AMERICA CAPITAL INC COMPANY GUAR 144A 03/31 7.5 | 0.005146 | ✓ |
| CCO Holdings LLC / CCO Holdings Capital Corp | 0.004269 | ✓ |
| HE 6 10/01/33 144A | 0.004194 | ✓ |
| Venture Global LNG, Inc. | 0.004192 |  |
| FED REPUBLIC OF BRAZIL SR UNSECURED 02/33 5.5 | 0.004045 |  |
| GTES 6.875 07/01/29 144A | 0.003897 | ✓ |
| Republic of El Salvador | 0.003866 | ✓ |
| Carnival Corp. | 0.003774 | ✓ |
| BAKER HUGHES | 0.003730 |  |
| ROMANIA REPUBLIC OF 2.124% 07/16/2031 REGS | 0.003704 | ✓ |
| NOVELIS CORP REGD 144A P/P 4.75000000 | 0.003626 | ✓ |
| Takeoff Merger Sub, Inc. | 0.003605 |  |
| REPUBLIC OF ARGENTINA SR UNSECURED 07/30 VAR | 0.003594 | ✓ |
| Egypt Government International Bonds | 0.003586 |  |
| FOUNDRY JV HOLDC | 0.003582 | ✓ |
| TURKIYE REP OF | 0.003577 | ✓ |
| MORGAN STANLEY B | 0.003501 |  |
| Salesforce Inc | 0.003487 |  |
| AMCOR FLEXIBLES | 0.003391 |  |
| Studio City Finance Ltd. | 0.003377 | ✓ |
| ORACLE CORP | 0.003376 |  |
| NSANY 6 1/8 09/30/30 | 0.003323 | ✓ |
| Takeoff Merger Sub Inc | 0.003242 |  |
| HP ENTERPRISE | 0.003215 | ✓ |
| XYZ 6.5 05/15/32 | 0.003200 |  |
| 1261229 BC Ltd | 0.003188 | ✓ |
| Opal Bidco SAS | 0.003184 | ✓ |
| The Goldman Sachs Group, Inc. 4.153 10/21/2029 | 0.003128 |  |
| TIHLLC 7 1/8 06/01/31 | 0.003038 | ✓ |
| CITIGROUP INC | 0.003037 | ✓ |
| CORPBOND | 0.002994 | ✓ |
| JERSEY CENT P&L | 0.002992 |  |
| Brandywine Operating Partnership, L.P. | 0.002979 | ✓ |
| UBS V4.151 12/23/29 144A | 0.002974 | ✓ |
| Rocket Cos., Inc. | 0.002922 | ✓ |
| CLEVELAND-CLIFFS INC REGD 144A P/P 4.62500000 | 0.002921 |  |
| ENR 4.375 03/31/29 144A | 0.002913 | ✓ |


## Sources

- N-PORT (fund A) — accession `0000736054-26-000089` (as of 2026-01-31)
  <https://www.sec.gov/Archives/edgar/data/736054/000073605426000089/0000736054-26-000089-index.htm>
- N-PORT (fund B) — accession `0000836906-26-000274` (as of 2026-03-31)
  <https://www.sec.gov/Archives/edgar/data/836906/000083690626000274/0000836906-26-000274-index.htm>

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