---
ticker: "VGMS"
name: "Vanguard Malvern Funds - Vanguard Multi-Sector Income Bond ETF"
url: "https://etf.net/etf/VGMS"
grade: "A"
score: 84
graded_at: "2026-10-12"
category: "Multi-Sector Bond Income"
category_rank: "1 of 25"
methodology: "https://etf.net/methodology"
---

# VGMS: Vanguard Malvern Funds - Vanguard Multi-Sector Income Bond ETF

Grade **A**, Score 84 of 100. Rank 1 of 25 in Multi-Sector Bond Income.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 96 | 2 of 25 |
| Mission | 97 | 1 of 14 |
| Risk | 66 | 5 of 20 |
| Tradability | 58 | 11 of 25 |
| Holdings | 99 | 1 of 25 |
| Durability | 71 | 7 of 25 |

## Top holdings

The fund holds 1118 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | — | Mktliq 12/31/2049 | 1.61% |
| 2 | — | United States Treasury Bill 08/05/2027 | 1.11% |
| 3 | — | United States Treasury Note/Bond 4.25% 06/30/2029 | 0.68% |
| 4 | — | NVIDIA Corp 4.35% 06/15/2029 | 0.65% |
| 5 | — | Petroleos Mexicanos 8.75% 06/02/2029 | 0.61% |
| 6 | — | United States Treasury Note/Bond 4.25% 01/15/2028 | 0.56% |
| 7 | — | Foundry JV Holdco LLC 5.90% 01/25/2033 | 0.53% |
| 8 | — | TransDigm Inc 6.38% 05/31/2033 | 0.53% |
| 9 | — | United States Treasury Note/Bond 3.50% 01/31/2028 | 0.52% |
| 10 | — | Philippine Government International Bond 5.33% 06/24/2036 | 0.49% |
| 11 | — | Dominican Republic International Bond 7.05% 02/03/2031 | 0.48% |
| 12 | — | Bank of America Corp 4.70% 04/23/2032 | 0.48% |
| 13 | — | Sumisho Air Lease Corp 4.50% 03/24/2029 | 0.45% |
| 14 | — | Nissan Motor Acceptance Co LLC 6.13% 09/30/2030 | 0.44% |
| 15 | — | Capital One Financial Corp 4.72% 01/30/2032 | 0.44% |
| 16 | — | Saudi Government International Bond 5.88% 01/12/2056 | 0.43% |
| 17 | — | United States Treasury Note/Bond 4.00% 10/31/2029 | 0.42% |
| 18 | — | ZF North America Capital Inc 7.50% 03/24/2031 | 0.40% |
| 19 | — | Hawaiian Electric Co Inc 6.00% 10/01/2033 | 0.40% |
| 20 | — | Mexico Government International Bond 6.25% 08/27/2037 | 0.39% |
| 21 | — | Venture Global Plaquemines LNG LLC 6.50% 06/15/2034 | 0.39% |
| 22 | — | United States Treasury Note/Bond 3.88% 11/30/2027 | 0.37% |
| 23 | — | Morocco Government International Bond 4.75% 05/26/2034 | 0.37% |
| 24 | — | General Motors Financial Co Inc 4.60% 01/08/2031 | 0.36% |
| 25 | — | Pacific Gas and Electric Co 6.10% 01/15/2029 | 0.36% |
| 26 | — | CCO Holdings LLC / CCO Holdings Capital Corp 4.50% 05/01/2032 | 0.34% |
| 27 | — | Indonesia Government International Bond 1.10% 03/12/2033 | 0.31% |
| 28 | — | Cleveland-Cliffs Inc 4.63% 03/01/2029 | 0.31% |
| 29 | — | US Dollar | 0.31% |
| 30 | — | WR Grace Holdings LLC 5.63% 08/15/2029 | 0.30% |

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