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VGMS

GradeAChicago Board Options Exchange

Vanguard Malvern Funds - Vanguard Multi-Sector Income Bond ETF

Specialty Bonds · Vanguard · Inception 2025-06-09 · SEC filings

$49.97−0.35 (−0.71%)

As of Sep 23, 2026, 2:19 PM EDT

History starts Jun 11, 2025.
Intraday session: down, 40 prints from 50.32 to 49.97. Range 49.93 to 50.26. Use the arrow keys to read each point.$49.90$50.10$50.2010 AM12 PM2 PM4 PM
Expense ratio
0.30%
Fund size
$273M
1Y return
+2.6%
Yield · Last 12 months
5.53%
Volume · 30D
0M sh
NAV per share
$50.23
52W range
low $50.13high $52.20

The ETF.net VGMS Grade

A

88/ 100

Rank 1 of 25 in Multi-Sector Bond Income⁠

Confidence High

Six-pillar profile for VGMS. Scores out of 100: Cost 96, Risk 61, Mission 95, Tradability 90, Holdings 99, Durability 73. Strongest: Holdings (99). Weakest: Risk (61). No single pillar leads.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 88 of 100 sits in the A band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    AScore 96
    Category rank2/25 · top 8%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 95
    Category rank2/14 · top 14%

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    BScore 61
    Category rank7/20 · top 35%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    AScore 90
    Category rank3/25 · top 12%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    AScore 99
    Category rank1/25 · top 4%

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    AScore 73
    Category rank7/25 · top 28%

Graded as of Sep 22, 2026

VGMS Holdings

As of Sep 21, 2026, 7:40 PM
Asset class
Bonds
Holdings
—
Top-10 weight
7%
Largest holding
MKTLIQ 12/31/20491.6%

Sectors

  • Materials76.9%
  • Health Care23.2%

Geography

  • United States73.64%
  • United Kingdom1.86%
  • Mexico1.79%
  • Canada1.76%
  • Turkey1.28%
  • Japan1.24%
  • Indonesia1.06%
  • Ireland0.99%
  • Other countries (48)16.37%

Developed 38% · Emerging 62% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 75.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—MKTLIQ 12/31/20491.61%43,284$4M106
002—United States Treasury Bill 08/05/20271.11%3,119,000$3M8
003—United States Treasury Note/Bond 4.25% 06/30/20290.68%18,480$2M15
004—NVIDIA Corp 4.35% 06/15/20290.65%17,600$2M15
005—Petroleos Mexicanos 8.75% 06/02/20290.61%15,420$2M9
006—United States Treasury Note/Bond 4.25% 01/15/20280.56%15,000$1M13
007—Foundry JV Holdco LLC 5.90% 01/25/20330.53%14,150$1M6
008—TransDigm Inc 6.38% 05/31/20330.53%14,150$1M15
009—United States Treasury Note/Bond 3.50% 01/31/20280.52%14,180$1M17
010—Philippine Government International Bond 5.33% 06/24/20360.49%13,500$1M6
011—Dominican Republic International Bond 7.05% 02/03/20310.48%12,350$1M4
012—Bank of America Corp 4.70% 04/23/20320.48%13,200$1M15
013—Sumisho Air Lease Corp 4.50% 03/24/20290.45%12,300$1M15
014—Nissan Motor Acceptance Co LLC 6.13% 09/30/20300.44%12,150$1M17
015—Capital One Financial Corp 4.72% 01/30/20320.44%12,100$1M13

Showing 1–15 of 1118 holdings

VGMS Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

VGMS$10,256
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. VGMS $10,256. SPY $11,723. Use the arrow keys to read each point.$9,353$10,646$11,940Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for VGMS. Periods over one year show the average yearly return.
PeriodVGMS
Year to date+1.0%
1 month−0.8%
3 months−0.3%
1 year+2.6%
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for VGMS
YearReturn barVGMS
2026 YTD+1.0%
2025+5.4%

History from Jun 11, 2025

VGMS in the news

VGMS Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
5.53%Last 12 months
Payout per share
$2.78Last 12 months
Last payment
$0.23 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution history

2025–2026

One bar per payment. 15 payments from 2025 to 2026 YTD. Jul 1, 2025 $0.11; Aug 1, 2025 $0.22; Sep 2, 2025 $0.20; Oct 1, 2025 $0.22; Nov 3, 2025 $0.21; Dec 1, 2025 $0.21; Dec 18, 2025 $0.34; Feb 2, 2026 $0.23; Mar 2, 2026 $0.20; Apr 1, 2026 $0.23; May 1, 2026 $0.22; Jun 1, 2026 $0.23; Jul 1, 2026 $0.22; Aug 3, 2026 $0.23; Sep 1, 2026 $0.23. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Sep 1, 2026Sep 3, 2026$0.23
Aug 3, 2026Aug 5, 2026$0.23
Jul 1, 2026Jul 6, 2026$0.22
Jun 1, 2026Jun 3, 2026$0.23
May 1, 2026May 5, 2026$0.22
Apr 1, 2026Apr 6, 2026$0.23
Mar 2, 2026Mar 4, 2026$0.20
Feb 2, 2026Feb 4, 2026$0.23
Dec 18, 2025Dec 22, 2025$0.34
Dec 1, 2025Dec 3, 2025$0.21
Nov 3, 2025Nov 5, 2025$0.21
Oct 1, 2025Oct 3, 2025$0.22

VGMS Risk

How much the fund’s monthly returns vary, scaled to a year.
2.4%
Annualised · 14 months to Aug 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.51
vs 3-month T-bills · 14 months to Aug 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−2.5%
15 months · trough Mar 2026
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.14
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

VGMS Cost

Expense ratio0.30%
  • The middle half of Multi-Sector Bond Income funds
  • Median 0.55%

1 of the 23 Multi-Sector Bond Income funds charge less.

VGMS costs $30.00 a year on $10,000. The median Multi-Sector Bond Income fund costs $55.00.