# Portfolio overlap — VPLS vs VGMS

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

- Shared positions: 675
- VANGUARD CORE-PLUS BOND ETF covered by VANGUARD MULTI-SECTOR INCOME BOND ETF: 0.1724324951423026673720078783
- VANGUARD MULTI-SECTOR INCOME BOND ETF covered by VANGUARD CORE-PLUS BOND ETF: 0.1724324951423026673720078783

## VANGUARD CORE-PLUS BOND ETF — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| FNCL 5.5 4/26 | 0.017023 |  |
| G2SF 5 4/26 | 0.015071 |  |
| US TREASURY N/B | 0.013403 | ✓ |
| FNCL 6.5 4/26 | 0.012944 |  |
| FNCL 6 4/26 | 0.012078 |  |
| FNCL 2.5 4/26 | 0.008350 |  |
| FNCL 3.5 4/26 | 0.008160 |  |
| US TREASURY N/B | 0.006204 |  |
| FNCL 2 4/26 | 0.006120 |  |
| G2SF 4.5 4/26 | 0.006003 |  |
| US TREASURY N/B | 0.005933 |  |
| ESKOM HOLDINGS | 0.004860 |  |
| G2SF 5.5 4/25 | 0.004794 |  |
| US TREASURY N/B | 0.004770 |  |
| FN MA4237 | 0.004400 |  |
| FNCL 3 4/26 | 0.004365 |  |
| U.S. Treasury Bills | 0.004316 | ✓ |
| Vanguard Market Liquidity Fund | 0.004116 | ✓ |
| Presidencia de la Republica Dominicana | 0.004107 |  |
| US TREASURY N/B | 0.004069 |  |
| US TREASURY N/B | 0.003957 |  |
| US TREASURY N/B | 0.003937 |  |
| US TREASURY N/B | 0.003722 |  |
| FR RA6508 | 0.003617 |  |
| FED REPUBLIC OF BRAZIL SR UNSECURED 02/33 5.5 | 0.003468 | ✓ |
| AGENCE FRANCAISE | 0.003414 |  |
| US TREASURY N/B | 0.003376 |  |
| FR SD8128 | 0.003308 |  |
| SA Global Sukuk Ltd | 0.003292 |  |
| UNITED MEXICAN | 0.003227 | ✓ |
| CORP ANDINA FOM | 0.003193 |  |
| REP OF CYPRUS | 0.003192 |  |
| Central American Bank for Economic Integration | 0.003168 |  |
| SERBIA REPUBLIC | 0.003101 | ✓ |
| Cassa Depositi e Prestiti SpA | 0.003099 |  |
| FOUNDRY JV HOLDC | 0.002975 | ✓ |
| US TREASURY N/B | 0.002953 |  |
| PMTLT 2025-INV10 A36 | 0.002933 |  |
| Petroleos Mexicanos | 0.002928 | ✓ |
| Sultanate of Oman Government Bond | 0.002826 |  |
| US TREASURY N/B | 0.002826 |  |
| US TREASURY N/B | 0.002817 |  |
| FNMA 30YR 2.5% 05/01/2051#CB0506 | 0.002808 |  |
| OBX 2026-INV1 A2 | 0.002788 |  |
| Salesforce Inc | 0.002786 | ✓ |
| US TREASURY N/B | 0.002765 |  |
| CASSA DEPOSITI E PRESTIT SR UNSECURED 144A 10/30 4.375 | 0.002761 |  |
| US TREASURY N/B | 0.002694 |  |
| FN FA4070 | 0.002682 |  |
| Sequoia Mortgage Trust, Series 2025-S2, Class A1 | 0.002615 |  |

## 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 `0000836906-26-000268` (as of 2026-03-31)
  <https://www.sec.gov/Archives/edgar/data/836906/000083690626000268/0000836906-26-000268-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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