VGMS
VANGUARD MULTI-SECTOR INCOME BOND ETF
VANGUARD MALVERN FUNDS
ETF

Portfolio concentration

As of March 31, 2026 · N-PORT
Holdings
912
Top-10 weight
8.15%
Effective holdings ?
430
Crowding ?
131.5

Holdings

As of March 31, 2026 · N-PORT
#SecurityTickerSharesValue% of fund
1 US TREASURY N/B 2,195,000 $2.19M 1.09%
2 U.S. Treasury Bills 2,226,000 $2.15M 1.06%
3 MS V4.213 02/08/30 . MS 1,880,000 $1.86M 0.92%
4 Vanguard Market Liquidity Fund 16,606 $1.66M 0.82%
5 US TREASURY N/B 1,654,000 $1.65M 0.82%
6 Petroleos Mexicanos 1,542,000 $1.62M 0.80%
7 AMAZON.COM INC 1,535,000 $1.52M 0.75%
8 Presidencia de la Republica Dominicana 1,235,000 $1.28M 0.63%
9 US TREASURY N/B 1,231,000 $1.24M 0.61%
10 SAUDI INT BOND KSA 1,265,000 $1.20M 0.60%
11 CAPITAL ONE FINL 1,210,000 $1.19M 0.59%
12 UNITED MEXICAN 1,120,000 $1.13M 0.56%
13 TransDigm, Inc. 1,105,000 $1.10M 0.55%
14 ZF NORTH AMERICA CAPITAL INC COMPANY GUAR 144A 03/31 7.5 ZFFNGR 1,055,000 $1.04M 0.51%
15 CCO Holdings LLC / CCO Holdings Capital Corp 920,000 $858.64K 0.43%
16 HE 6 10/01/33 144A HE 845,000 $843.65K 0.42%
17 Venture Global LNG, Inc. 785,000 $843.23K 0.42%
18 FED REPUBLIC OF BRAZIL SR UNSECURED 02/33 5.5 BRAZIL 829,000 $813.54K 0.40%
19 GTES 6.875 07/01/29 144A GTES 765,000 $783.90K 0.39%
20 Republic of El Salvador 747,000 $777.65K 0.39%
21 Carnival Corp. 750,000 $759.13K 0.38%
22 BAKER HUGHES 760,000 $750.22K 0.37%
23 ROMANIA REPUBLIC OF 2.124% 07/16/2031 REGS 750,000 $744.93K 0.37%
24 NOVELIS CORP REGD 144A P/P 4.75000000 HNDLIN 770,000 $729.29K 0.36%
25 Takeoff Merger Sub, Inc. 730,000 $725.10K 0.36%
26 REPUBLIC OF ARGENTINA SR UNSECURED 07/30 VAR ARGENT 863,968 $722.92K 0.36%
27 Egypt Government International Bonds 750,000 $721.23K 0.36%
28 FOUNDRY JV HOLDC 700,000 $720.54K 0.36%
29 TURKIYE REP OF 760,000 $719.47K 0.36%
30 MORGAN STANLEY B 700,000 $704.21K 0.35%
31 Salesforce Inc 700,000 $701.31K 0.35%
32 AMCOR FLEXIBLES 675,000 $682.11K 0.34%
33 Studio City Finance Ltd. 725,000 $679.17K 0.34%
34 ORACLE CORP 698,000 $679.13K 0.34%
35 NSANY 6 1/8 09/30/30 NSANY 695,000 $668.46K 0.33%
36 Takeoff Merger Sub Inc 660,000 $652.10K 0.32%
37 HP ENTERPRISE 650,000 $646.71K 0.32%
38 XYZ 6.5 05/15/32 XYZ 640,000 $643.59K 0.32%
39 1261229 BC Ltd 630,000 $641.23K 0.32%
40 Opal Bidco SAS 640,000 $640.43K 0.32%
41 The Goldman Sachs Group, Inc. 4.153 10/21/2029 GS 635,000 $629.10K 0.31%
42 TIHLLC 7 1/8 06/01/31 TIHLLC 610,000 $610.97K 0.30%
43 CITIGROUP INC 620,000 $610.77K 0.30%
44 CORPBOND ASUCOR 580,000 $602.15K 0.30%
45 JERSEY CENT P&L 605,000 $601.90K 0.30%
46 Brandywine Operating Partnership, L.P. 590,000 $599.26K 0.30%
47 UBS V4.151 12/23/29 144A UBS 605,000 $598.28K 0.30%
48 Rocket Cos., Inc. 582,000 $587.71K 0.29%
49 CLEVELAND-CLIFFS INC REGD 144A P/P 4.62500000 CLF 615,000 $587.49K 0.29%
50 ENR 4.375 03/31/29 144A ENR 615,000 $586.01K 0.29%
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