Vanguard Malvern Funds. Holdings as of Jun 30, 2026, from Form N-PORT.
Share of net assets at the report date, for the whole fund across all share classes.
| Holding | Weight | Value | Shares or units |
|---|---|---|---|
| Vanguard Cmt Funds-Vanguard Market Liquidity FundCash or money market | 0.95% | $355.64K | 3,557 |
| 1261229 BC LTDBond | 0.41% | $152.85K | 151,000 |
| Meridian Arc Holdco LLCBond | 0.39% | $145.26K | 145,000 |
| EchoStar CorpBond | 0.35% | $129.71K | 120,000 |
| Centene CorpBond | 0.31% | $117.86K | 121,000 |
| Venture Global LNG IncBond | 0.31% | $117.46K | 109,000 |
| PR RNO Property Owner 1 LLCBond | 0.31% | $116.84K | 117,000 |
| Carnival Corp LtdBond | 0.30% | $113.14K | 112,000 |
| Neptune Bidco US IncBond | 0.28% | $104.05K | 102,000 |
| DaVita IncBond | 0.27% | $102.70K | 106,000 |
| Quikrete Holdings IncBond | 0.27% | $102.11K | 100,000 |
| SV RNO Property Owner 1 LLCBond | 0.25% | $95.63K | 97,000 |
| Cloud Software Group IncBond | 0.24% | $88.35K | 91,000 |
| Tenet Healthcare CorpBond | 0.23% | $87.64K | 87,000 |
| Coreweave IncBond | 0.23% | $87.54K | 87,000 |
| VENTURE GLOBAL PLAQUEBond | 0.23% | $87.51K | 84,000 |
| TransDigm IncBond | 0.23% | $86.15K | 84,000 |
| NRG Energy IncBond | 0.23% | $85.73K | 86,000 |
| Centene CorpBond | 0.23% | $85.59K | 98,000 |
| Core Scientific Finance I LLCBond | 0.23% | $85.16K | 84,000 |
| WULF Compute LLCBond | 0.23% | $85.02K | 81,000 |
| Asurion LLC/ Asurion Co-Issuer IncBond | 0.23% | $84.97K | 84,000 |
| HUB International LtdBond | 0.22% | $82.10K | 80,000 |
| Directv Financing LLC / Directv Financing Co-Obligor IncBond | 0.22% | $82.06K | 79,000 |
| CRC Insurance Group LLCBond | 0.22% | $81.71K | 82,000 |
| Level 3 Financing IncBond | 0.22% | $81.67K | 76,000 |
| NCL Corp LtdBond | 0.21% | $80.79K | 81,000 |
| CCO Holdings LLC / CCO Holdings Capital CorpBond | 0.21% | $80.31K | 95,000 |
| American Airlines Inc/AAdvantage Loyalty IP LtdBond | 0.21% | $80.14K | 80,000 |
| Jane Street Group / JSG Finance IncBond | 0.21% | $78.95K | 79,000 |
| Asurion LLC/ Asurion Co-Issuer IncBond | 0.21% | $77.85K | 84,000 |
| OAK-Eagle Acquireco IncBond | 0.20% | $76.43K | 73,000 |
| Caesars Entertainment IncBond | 0.20% | $75.47K | 75,000 |
| Nexstar Media IncBond | 0.20% | $75.03K | 75,000 |
| Cloud Software Group IncBond | 0.20% | $73.96K | 79,000 |
| Tenet Healthcare CorpBond | 0.19% | $71.91K | 74,000 |
| TransDigm IncBond | 0.19% | $71.10K | 70,000 |
| Mauser Packaging Solutions Holding CoBond | 0.19% | $70.53K | 69,000 |
| Post Holdings IncBond | 0.19% | $70.51K | 73,000 |
| CCO Holdings LLC / CCO Holdings Capital CorpBond | 0.18% | $69.37K | 77,000 |
| Discovery Global Holdings IncBond | 0.18% | $68.81K | 94,000 |
| Alliant Holdings Intermediate LLC / Alliant Holdings Co-IssuerBond | 0.18% | $68.53K | 68,000 |
| OAK-Eagle Acquireco IncBond | 0.18% | $67.92K | 64,000 |
| Sirius XM Radio IncBond | 0.18% | $67.90K | 68,000 |
| CCO Holdings LLC / CCO Holdings Capital CorpBond | 0.18% | $66.42K | 70,000 |
| Beach Acquisition Bidco LLCBond | 0.18% | $65.81K | 58,000 |
| EchoStar CorpBond | 0.17% | $65.02K | 64,000 |
| APLD ComputeCo LLCBond | 0.17% | $64.73K | 60,000 |
| Carvana CoBond | 0.17% | $64.00K | 58,000 |
| DISH Network CorpBond | 0.17% | $63.72K | 62,000 |
Holdings from the fund's latest Form N-PORT; expense ratio (net of fee waivers) from the risk/return summary of its prospectus; fund type from Form N-CEN. Prices are end-of-day closes adjusted for splits; total return also reinvests distributions.