# Portfolio overlap — VGCIX vs VGMS Comparing **VANGUARD GLOBAL CREDIT BOND FUND** (2026-01-31) and **VANGUARD MULTI-SECTOR INCOME BOND ETF** (2026-03-31). - Shared positions: 415 - VANGUARD GLOBAL CREDIT BOND FUND covered by VANGUARD MULTI-SECTOR INCOME BOND ETF: 0.1016157768601854453849357254 - VANGUARD MULTI-SECTOR INCOME BOND ETF covered by VANGUARD GLOBAL CREDIT BOND FUND: 0.1016157768601854453849357256 ## VANGUARD GLOBAL CREDIT BOND FUND — top positions | Security | Weight | Shared | |----------|--------|--------| | Vanguard Market Liquidity Fund | 0.029420 | ✓ | | EUROPEAN UNION REG S SR UNSEC EUR (B) 2.5% 10-14-30 | 0.018236 | | | TRIODOS BANK | 0.011034 | | | RAIFFEISEN BK IN | 0.009796 | | | Lithuania Government International Bond | 0.008535 | | | BPCE SA 2.5%/VAR 11/30/2032 REGS | 0.008176 | | | INDONESIA (REP) | 0.007752 | ✓ | | Public Property Invest AS | 0.007183 | | | SAUDI INT BOND | 0.006916 | ✓ | | SW (FINANCE)I/SW | 0.006490 | | | U.S. Treasury Inflation-Indexed Notes | 0.006428 | | | GERMANY FEDERAL REPUBLIC OF 1.7% 08/15/2032 REGS | 0.005874 | | | AROUNDTOWN SA | 0.005770 | | | YORKSHIRE WATER | 0.005642 | | | CIMIC FINANCE LTD 1.5% 05/28/2029 REGS | 0.005576 | | | CHARTER COMM OPT | 0.005501 | ✓ | | DVI DT VERMOEGEN | 0.005366 | | | QPH FINANCE CO P | 0.005262 | | | Hellenic Republic Government Bonds | 0.005254 | | | Magyar Export-Import Bank Zrt. | 0.005107 | | | DVI DT VERMOEGEN | 0.005088 | | | Central American Bank for Economic Integration | 0.005064 | | | GAIF Bond Issuer Pty Ltd | 0.004984 | | | US ULTRA BOND CBT Sep25 | 0.004977 | ✓ | | Aurizon Finance Pty Ltd | 0.004962 | | | Caisse d'Amortissement de la Dette Sociale | 0.004907 | | | UNITED MEXICAN | 0.004790 | ✓ | | Athora Holding Ltd | 0.004788 | | | Bayer AG, Series NC5 | 0.004586 | | | Caisse d'Amortissement de la Dette Sociale | 0.004421 | | | CASSA DEPOSITI E PRESTIT SR UNSECURED 144A 10/30 4.375 | 0.004398 | | | EUROPEAN UNION /EUR/ REGD REG S EMTN SER UFA 3.75000000 | 0.004373 | | | KOMMUNALKREDIT | 0.004264 | | | REP OF CYPRUS | 0.004215 | | | ASCENSION HEALTH | 0.004206 | | | CORP ANDINA FOM | 0.004186 | | | Close Brothers Finance PLC | 0.004140 | | | JAB HOLDINGS BV | 0.004052 | | | SW (FINANCE)I/SW | 0.003899 | | | RENAULT SA 3.875% 09/30/2030 REGS | 0.003728 | | | Commonwealth Bank of Australia | 0.003722 | | | AUST & NZ BANK | 0.003720 | | | CITY OF MADRID S | 0.003709 | | | COM BK AUSTRALIA | 0.003693 | | | CLOSE BROS GRP | 0.003643 | | | Ausgrid Finance Pty Ltd | 0.003606 | | | STOCKLAND TRUST | 0.003591 | | | SLOVAKIA GOVT | 0.003354 | | | US TREASURY N/B | 0.003328 | | | FIRSTENERGY TRAN | 0.003298 | ✓ | ## 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 `0001532203-26-000041` (as of 2026-01-31) - N-PORT (fund B) — accession `0000836906-26-000274` (as of 2026-03-31) --- _Informational only — not investment advice. FundWatcher presents publicly available data and makes no recommendation to buy or sell any security. Verify all figures against the source filing before relying on them._ _Data sourced from U.S. SEC EDGAR filings (Forms N-PORT, N-CEN, and prospectus Risk/Return summaries). FundWatcher is not affiliated with the SEC._ _Use of this data is subject to the FundWatcher Terms of Service. Information may be used only for personal, non-commercial research and may not be redistributed. See _