VanguardBonds & CashOther Bonds#373 of 785 by YTD

Vanguard Malvern Funds - Vanguard Multi-Sector Income Bond ETFVGMS

S&P 500 Bucket avg Compare

$49.92+0.1%

+$0.07 · Nov 9 close

Buy

AUM: $298M
Fee: 0.30%
Yield: 5.5%

Bumpy · 1Y: 0.2×S&P
Volume: 82K
NAV: $49.71

What's insideAll 1,213 →

US 2YR NOTE (CBT) Dec26 5.4%USD/EUR FWD 20261216 3.2%MKTLIQ 12/31/2049 2.6%US 10yr Ultra Fut Dec26 1.3%

52-week range4% below the high

$49.10$52.20

Returns	Today	1W	1M	3M	YTD	1Y	3Y	5Y	Max
Total return	+0.1%	+0.6%	+1.1%	−0.6%	+1.1%	+2.4%	—	—	+6.6%
Peer average	+0.2%	+0.3%	+1.1%	−0.5%	+1.7%	+2.0%	+21.2%	+7.0%	—
S&P 500 · VOO	+2.3%	+0.1%	−3.3%	−2.1%	+11.3%	+13.6%	+81.6%	+75.4%	—

VGMS in One Breath

VGMS Among Other Bonds ETFs

#1DWWNPrincipal+8.6%$10.9M

#2LGOVFirst Trust+4.6%$618M

#3ILTBiShares+4.4%$595M

#4JTNYJ.P. Morgan+4.3%$449M

#5JCALJ.P. Morgan+4.2%$515M

#6HTABHartford+4.1%$225M

#7TXXIBondBloxx+4.0%$39.7M

#8RDFIRareview+3.7%$71.3M

#54VGMSVanguard+1.1%$298M

End-of-day Nov 10, 2026 · 91 Other bonds ETFs by 1M

$10,000 in VGMS

$10,000 in VGMS became

$10,660

In the S&P 500 (VOO)

$12,734

Total return, dividends in · Jun 11, 2025 – Nov 9, 2026 · S&P 500 uses VOO

VGMS’s Top Holdings

Today

US 2YR NOTE (CUS 2YR NOTE (CBT) Dec265.4%USD/EUR FWD 3.2%MKTLIQ 12/312.6%US 10yr Ultr1.3%US 5YR NOTE 0.7%United State0.6%US LONG BOND0.6%US Dollar0.5%Petroleos Me0.5%United State0.5%United State0.5%United State0.5%United State0.5%Foundry JV H0.4%United State0.4%Hawaiian Ele0.4%TransDigm In0.4%Bank of Amer0.4%Philippine G0.4%General Moto0.4%Aon North Am0.4%Sumis

Vanguard VGMS · 1,198 holdings · top 22 shown · tile size = share of the fund · as of Nov 9, 2026

What VGMS Holds

Today

All holdings100.0%

US 2YR NOT 5.4 · USD/EUR FW 3.2 · MKTLIQ 12/ 2.6 · US 10yr Ul 1.3 · US 5YR NOT · United Sta · US LONG BO

Vanguard VGMS · share of the fund · as of Nov 9, 2026

US’s Share of VGMS

Today

5.4%

$54 of every $1,000 in VGMS is US

US held by VGMS

$15.9M

Vanguard VGMS · each square = $10 of $1,000 · as of Nov 9, 2026

VGMS’s Share of Other Bonds ETFs

Today

0.3%

of the $108B in 93 Other bonds ETFs

VGMS$298M0.3%

PYLD$16.8B15.5%

FLOT$11.7B10.8%

90 others$79.7B73.5%

Other bonds ETF AUM · Nov 10, 2026

VGMS Fee per $100 vs Peers

Today

$0.30a year
per $100

$30 a year on $10,000

FLOT$0.15

ICVT$0.20

JBND$0.25

VGMS$0.30

BOND$0.53

PYLD$0.66

Expense ratio · Other bonds peers · Nov 10, 2026

Inside VGMS

1,198 holdings · as of Nov 9, 2026

VGMS

Vanguard Malvern Funds - Vanguard Multi-Sector Income Bond ETF

Today

All holdings100.0%US 2YR NOT5.4%/EUR FWD 23.2%Mktliq 12/2.6%1,184 more holdings82.5% of the fund

All holdings100.0%1,192 more holdings86.4% of the fund

#	Ticker	Company	Weight ▼
1	—	US 2YR NOTE (CBT) Dec26	5.36%
2	—	/EUR FWD 20261216	3.18%
3	—	Mktliq 12/31/2049	2.56%
4	—	US 10yr Ultra Fut Dec26	1.27%
5	—	US 5YR NOTE (CBT) Dec26	0.69%
6	—	United States Treasury Note/Bond 4.25% 06/30/2029	0.58%
7	—	US LONG BOND(CBT) Dec26	0.55%
8	—	US Dollar	0.52%
9	—	Petroleos Mexicanos 8.75% 06/02/2029	0.51%
10	—	United States Treasury Bill 09/02/2027	0.48%

See all 1,213 holdings ↓

Vanguard VGMS · current holdings by weight · as of Nov 9, 2026 · each tile is one holding · top 20 = 20.0%

All VGMS Holdings

1,213 holdings · as of Nov 9, 2026

VGMS

VGMS’ Holdings

Today

#
1	—US 2YR NOTE (CBT) Dec26	5.36%	$535.83	83	$16.9M
2	—/EUR FWD 20261216	3.18%	$318.18	10.0M	$10.0M
3	—Mktliq 12/31/2049	2.56%	$256.06	81K	$8.1M
4	—US 10yr Ultra Fut Dec26	1.27%	$126.70	38	$4.0M
5	—US 5YR NOTE (CBT) Dec26	0.69%	$68.88	21	$2.2M
6	—United States Treasury Note/Bond 4.25% 06/30/2029	0.58%	$57.61	18K	$1.8M
7	—US LONG BOND(CBT) Dec26	0.55%	$55.42	17	$1.7M
8	—US Dollar	0.52%	$51.67	1.6M	$1.6M
9	—Petroleos Mexicanos 8.75% 06/02/2029	0.51%	$51.21	15K	$1.6M
10	—United States Treasury Bill 09/02/2027	0.48%	$47.91	1.6M	$1.5M
11	—United States Treasury Note/Bond 4.25% 01/15/2028	0.47%	$47.33	15K	$1.5M
12	—United States Treasury Bill 09/30/2027	0.47%	$47.01	1.5M	$1.5M
13	—United States Treasury Note/Bond 3.88% 09/30/2029	0.46%	$46.17	15K	$1.5M
14	—Foundry JV Holdco LLC 5.90% 01/25/2033	0.44%	$44.35	14K	$1.4M
15	—United States Treasury Note/Bond 3.50% 01/31/2028	0.44%	$44.31	14K	$1.4M

Vanguard VGMS · every reported holding · per $10,000 = dollars of each holding in a $10,000 stake · as of Nov 9, 2026

How It Compares

VGMS

Vanguard Malvern Funds - Vanguard Multi-Sector Income Bond ETF’s Peers

YTD


PYLD	PIMCORead Desk	0.66%	+1.2%	+2.3%	$16.8B
FLOT	iSharesRead Desk	0.15%	+3.5%	+4.3%	$11.7B
JBND	J.P. MorganRead Desk	0.25%	0.0%	+0.6%	$9.6B
BOND	PIMCORead Desk	0.53%	+0.1%	+0.5%	$9.2B
ICVT	iSharesRead Desk	0.20%	+6.4%	+3.8%	$7.0B
VGMS	VanguardThis fundRead Desk	0.30%	+1.1%	+2.4%	$298M

Other bonds peers · YTD and past-year returns · as of Nov 10, 2026 · sorted by AUM

Head to Head

Put VGMS head to head with PYLD →

PYLD vs VGMS

YTD

PYLDPIMCO · Other bondsVGMSVanguard · Other bonds

Year to date

+1.2%

+1.1%

PYLD wins+0.1 pts

Past year

+2.3%

+2.4%

VGMS wins+0.1 pts

Fee

0.66%

0.30%

VGMS winslower fee

Yield

6.5%

5.5%

PYLD wins+0.9 pts

AUM

$16.8B

$298M

PYLD56.5× more

2–2level

PIMCO PYLD and Vanguard VGMS · year-to-date · as of Nov 10, 2026 · AUM not scored

VGMS vs VOO

YTD

VGMS · Vanguard Malvern Funds - Vanguard Multi-Sector Income Bond

+1.1%

VOO · S&P 500

+11.3%

Gap

10.2 pts

Vanguard VGMS and Vanguard VOO · YTD total return · as of Nov 10, 2026

VGMS vs Its Peer Average

YTD

VGMSAvsBPeer average

1D+0.1%+0.2%

1M+1.1%+1.1%

3M−0.6%−0.5%

YTD+1.1%+1.7%

1Y+2.4%+2.0%

3Y[…]+21.2%

5Y[…]+7.0%

1–4Peer average wins

92 Other bonds peers · each row scaled to its leader

How Bumpy Is VGMS?

View

VGMS

How Bumpy

0.2×the S&P 500’s swings

CalmerBumpierS&P 1×VGMS

Calm rank among 7 other bonds funds#3

Other other bonds funds0.1× to 1.4×

Vanguard VGMS · daily swings over the past year vs the S&P 500

VGMS

Worst Drop

−2.7%from its Aug 25 high

Still below the high−1.1%

$10,000 at the high is now$9,890

Vanguard VGMS · fall from the highest close, past year

VGMS

On a Bad Day

0.2×the S&P 500’s fall

VGMS’s worst day: Friday, Mar 20

VGMS

−0.8%

S&P 500

−1.4%

Up days50 of every 100

S&P 500 up days52 of every 100

Vanguard VGMS · average move on days the S&P 500 fell

VGMS

Return for the Bumps

1Y#4 of 7 other bonds funds

#1FLOTiShares

most for the bumps

#2ICVTiShares

less than cash

#3PYLDPIMCO

less than cash

#4VGMSVanguard

less than cash

#5BONDPIMCO

less than cash

#6JBNDJ.P. Morgan

less than cash

#7ISTBiShares

less than cash

Ranked by return above cash for each unit of bumpiness (Sharpe ratio) · cash = 3.8%

VGMS

Cost

Today

$30a year per $10,000

ISTB

FLOT

$15

ICVT

$20

JBND

$25

VGMS

$30

BOND

$53

PYLD

$66

Expense ratio 0.30%, taken from the fund’s value

VGMS

Volatility & Beta

3.4%annual volatility

S&P 500 volatility13.7%

Downside volatility2.3%

Beta vs SPY0.15

Correlation vs SPY0.61

Beta rank, lowest first, of 7#6

Daily total returns × √252 · past 254 trading days

VGMS

Max Drawdown

−2.7%peak to trough

Peak closeAug 25, 2026

Current drawdown−1.1%

Worst day−0.79% · Mar 20

Closing prices, dividends in

VGMS

Up / Down Capture

17%down capture vs SPY

Down days

17%

Up days

17%

S&P 500

100%

Up ÷ down capture1.02

Up days50.0% (S&P 52.4%)

Average daily move on SPY up days and down days

VGMS

Sharpe & Sortino vs Peers

Fund	Sharpe	Sortino	Volatility	Max DD	Beta	Fee / $10k
FLOT	0.80	1.55	0.7%	−0.4%	0.02	$15
ICVT	−0.01	−0.01	18.7%	−18.6%	1.06	$20
PYLD	−0.40	−0.56	3.6%	−3.2%	0.14	$66
VGMS	−0.41	−0.59	3.4%	−2.7%	0.15	$30
BOND	−0.73	−1.00	4.5%	−5.5%	0.12	$53
JBND	−0.82	−1.15	3.9%	−4.7%	0.10	$25
ISTB	−1.02	−1.44	1.9%	−1.6%	0.05	$6

Sharpe = (return − 3.8% cash) ÷ volatility · Sortino uses downside volatility only

VGMS

Trading

Today

+0.42%above its holdings’ value

Close$49.92

NAV$49.71

Fee per $10,000$30 a year

Avg. volume 30D138K shares

Premium / discount history starts once daily NAV is saved

Close vs net asset value, Nov 9

The Details

VGMS

Fund Facts

Today

2025launched Jun 9

Tracks[…]

Exchange · CUSIPCBOE · 922020722

StructureETF

Leverage1x

Cost on $10,000$30 a year

Go deeper

Prospectus & documents Trading & liquidity Fees & costs Distributions

Vanguard VGMS · fund facts · as of Nov 10, 2026

VGMS

Payouts by Year

$0.20per share, Nov 2026

Distribution yield5.5%

PaidEvery month

Latest ex-date · paidNov 2 · Nov 4, 2026

12 payouts added up$2.77 a share

Vanguard VGMS · distributions by ex-date · 2025–2026

All Fund FactsDocuments · trading · fees · every payout

Prospectus & Documents

SEC reported portfolio · 2026-06-30 ↗SEC reported portfolio · 2026-03-31 ↗SEC reported portfolio · 2025-12-31 ↗summary prospectus · SEC 497K ↗SEC reported portfolio · 2025-09-30 ↗SEC reported portfolio · 2025-06-30 ↗prospectus · SEC 485BPOS ↗summary prospectus · SEC 497K ↗prospectus · SEC 485APOS ↗

Trading & Liquidity

Net asset value$49.71

Premium / discount[…]

Median spread · 30D[…]

Volume today82K

Average volume · 30D138K

Shares outstanding[…]

Options[…]

Fees & Costs

Net expense ratio0.30%

Gross expense ratio[…]

Management fee[…]

Cost on $10,000 a year$30.00

Our risk indicator2/5

Estimated yearly cost excludes trading costs and assumes constant assets.

Distributions

Ex-date	Paid	Per share
Nov 2, 2026	Nov 4, 2026	$0.20
Oct 1, 2026	Oct 5, 2026	$0.22
Sep 1, 2026	Sep 3, 2026	$0.23
Aug 3, 2026	Aug 5, 2026	$0.23
Jul 1, 2026	Jul 6, 2026	$0.22
Jun 1, 2026	Jun 3, 2026	$0.23
May 1, 2026	May 5, 2026	$0.22
Apr 1, 2026	Apr 6, 2026	$0.23
Mar 2, 2026	Mar 4, 2026	$0.20
Feb 2, 2026	Feb 4, 2026	$0.23
Dec 18, 2025	Dec 22, 2025	$0.34
Dec 1, 2025	Dec 3, 2025	$0.21

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