---
ticker: "VGHY"
name: "Vanguard Fixed Income Securities Funds - Vanguard High-Yield Active ETF"
url: "https://etf.net/etf/VGHY"
grade: "B"
score: 68
graded_at: "2026-10-12"
category: "US High Yield"
category_rank: "27 of 85"
methodology: "https://etf.net/methodology"
---

# VGHY: Vanguard Fixed Income Securities Funds - Vanguard High-Yield Active ETF

Grade **B**, Score 68 of 100. Rank 27 of 85 in US High Yield.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 83 | 15 of 85 |
| Mission | 80 | 51 of 74 |
| Risk | 45 | 57 of 85 |
| Tradability | 55 | 32 of 85 |
| Holdings | 65 | 35 of 85 |
| Durability | 52 | 44 of 85 |

## Top holdings

The fund holds 579 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | — | United States Treasury Note/Bond 4.13% 06/15/2029 | 0.96% |
| 2 | — | United States Treasury Note/Bond 3.63% 03/31/2030 | 0.94% |
| 3 | — | Nissan Motor Acceptance Co LLC 6.13% 09/30/2030 | 0.92% |
| 4 | — | CCO Holdings LLC / CCO Holdings Capital Corp 4.50% 05/01/2032 | 0.89% |
| 5 | — | PR RNO Property Owner 1 LLC 6.50% 05/01/2031 | 0.87% |
| 6 | — | 1261229 BC Ltd 10.00% 04/15/2032 | 0.77% |
| 7 | — | TransDigm Inc 6.38% 05/31/2033 | 0.73% |
| 8 | — | Cleveland-Cliffs Inc 4.63% 03/01/2029 | 0.73% |
| 9 | — | ZF North America Capital Inc 7.50% 03/24/2031 | 0.72% |
| 10 | — | IQVIA Inc 5.00% 10/15/2026 | 0.68% |
| 11 | — | Hawaiian Electric Co Inc 6.00% 10/01/2033 | 0.65% |
| 12 | — | JetBlue Airways Corp / JetBlue Loyalty LP 9.88% 09/20/2031 | 0.64% |
| 13 | — | Transocean International Ltd 8.50% 05/15/2031 | 0.61% |
| 14 | — | OAK-Eagle Acquireco Inc 8.75% 07/01/2034 | 0.58% |
| 15 | — | Burford Capital Global Finance LLC 8.50% 01/15/2034 | 0.58% |
| 16 | — | FMC Corp 5.65% 05/18/2033 | 0.57% |
| 17 | — | Opal Bidco SAS 6.50% 03/31/2032 | 0.56% |
| 18 | — | Novelis Corp 4.75% 01/30/2030 | 0.56% |
| 19 | — | CRC Insurance Group LLC 7.13% 06/01/2031 | 0.56% |
| 20 | — | Venture Global Plaquemines LNG LLC 6.50% 06/15/2034 | 0.55% |
| 21 | — | Midcontinent Communications 8.00% 08/15/2032 | 0.54% |
| 22 | — | Harvest Midstream I LP 6.75% 05/15/2034 | 0.53% |
| 23 | — | American Airlines Inc/AAdvantage Loyalty IP Ltd 5.75% 04/20/2029 | 0.52% |
| 24 | — | CCO Holdings LLC / CCO Holdings Capital Corp 4.75% 03/01/2030 | 0.52% |
| 25 | — | Howden UK Refinance PLC / Howden UK Refinance 2 PLC / Howden US Refinance LLC 8.13% 02/15/2032 | 0.51% |
| 26 | — | SS&C Technologies Inc 5.50% 09/30/2027 | 0.51% |
| 27 | — | Meridian Arc Holdco LLC 6.25% 04/30/2031 | 0.51% |
| 28 | — | ARC Falcon I Inc / Arclin USA LLC / New Arclin US Holding Corp 9.75% 03/01/2033 | 0.50% |
| 29 | — | Six Flags Entertainment Corp/Canada's Wonderland Co/Millennium Operations LLC 8.63% 01/15/2032 | 0.50% |
| 30 | — | Altice France SA 6.50% 04/15/2032 | 0.50% |

Source: etf.net, https://etf.net/etf/VGHY. Please cite the page URL.