---
ticker: "VMBS"
name: "Vanguard Mortgage-Backed Securities ETF"
url: "https://etf.net/etf/VMBS"
grade: "B"
score: 69
graded_at: "2026-10-12"
category: "Mortgage-Backed Securities"
category_rank: "4 of 25"
methodology: "https://etf.net/methodology"
---

# VMBS: Vanguard Mortgage-Backed Securities ETF

Grade **B**, Score 69 of 100. Rank 4 of 25 in Mortgage-Backed Securities.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 94 | 1 of 25 |
| Mission | 54 | 6 of 20 |
| Risk | 33 | 17 of 25 |
| Tradability | 65 | 9 of 25 |
| Holdings | 87 | 1 of 25 |
| Durability | 92 | 1 of 25 |

## Top holdings

The fund holds 4878 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | — | Mktliq 12/31/2049 | 4.62% |
| 2 | — | US Dollar | 0.50% |
| 3 | — | Ginnie Mae II Pool 5.00% 11/20/2054 | 0.28% |
| 4 | — | Ginnie Mae II Pool 5.00% 01/20/2056 | 0.28% |
| 5 | — | Ginnie Mae II Pool 5.00% 06/20/2056 | 0.26% |
| 6 | — | Ginnie Mae II Pool 5.00% 02/20/2056 | 0.26% |
| 7 | — | Fannie Mae Pool 5.50% 03/01/2056 | 0.26% |
| 8 | — | Ginnie Mae II Pool 4.50% 11/20/2054 | 0.25% |
| 9 | — | Ginnie Mae 6.00% 10/20/2026 | 0.25% |
| 10 | — | Freddie Mac Pool 2.00% 02/01/2052 | 0.25% |
| 11 | — | Freddie Mac Pool 5.00% 05/01/2056 | 0.24% |
| 12 | — | Ginnie Mae II Pool 5.00% 05/20/2056 | 0.23% |
| 13 | — | Freddie Mac Pool 2.00% 05/01/2051 | 0.23% |
| 14 | — | Ginnie Mae II Pool 5.00% 04/20/2056 | 0.23% |
| 15 | — | Fannie Mae or Freddie Mac 5.50% 09/14/2026 | 0.22% |
| 16 | — | Freddie Mac Pool 5.00% 02/01/2056 | 0.22% |
| 17 | — | Freddie Mac Pool 5.50% 10/01/2055 | 0.21% |
| 18 | — | Ginnie Mae II Pool 5.50% 12/20/2055 | 0.21% |
| 19 | — | Ginnie Mae II Pool 5.50% 07/20/2056 | 0.21% |
| 20 | — | Fannie Mae or Freddie Mac 6.00% 10/13/2026 | 0.21% |
| 21 | — | Freddie Mac Pool 2.00% 02/01/2051 | 0.21% |
| 22 | — | Fannie Mae Pool 2.00% 05/01/2051 | 0.20% |
| 23 | — | Fannie Mae Pool 2.00% 09/01/2050 | 0.20% |
| 24 | — | Ginnie Mae II Pool 5.00% 12/20/2055 | 0.20% |
| 25 | — | Ginnie Mae II Pool 4.50% 10/20/2052 | 0.19% |
| 26 | — | Ginnie Mae II Pool 2.00% 04/20/2051 | 0.19% |
| 27 | — | Freddie Mac Pool 2.00% 11/01/2050 | 0.19% |
| 28 | — | Ginnie Mae 5.50% 09/21/2026 | 0.19% |
| 29 | — | Fannie Mae or Freddie Mac 2.00% 09/17/2026 | 0.18% |
| 30 | — | Freddie Mac Pool 2.00% 03/01/2051 | 0.18% |

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