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 |
|---|---|---|---|
| NVIDIA CorpBond | 1.58% | $3.71M | 3,720,000 |
| United States Treasury BillBond | 1.28% | $3.01M | 3,119,000 |
| Vanguard Cmt Funds-Vanguard Market Liquidity FundCash or money market | 1.05% | $2.46M | 24,637 |
| United States Treasury Note/BondBond | 0.88% | $2.06M | 2,064,000 |
| Petroleos MexicanosBond | 0.70% | $1.65M | 1,542,000 |
| United States Treasury Note/BondBond | 0.70% | $1.65M | 1,654,000 |
| United States Treasury Note/BondBond | 0.64% | $1.50M | 1,500,000 |
| Philippine Government International BondBond | 0.58% | $1.35M | 1,350,000 |
| Bank of America CorpBond | 0.56% | $1.31M | 1,320,000 |
| Dominican Republic International BondBond | 0.55% | $1.30M | 1,235,000 |
| Saudi Government International BondBond | 0.52% | $1.23M | 1,265,000 |
| TransDigm IncBond | 0.52% | $1.23M | 1,215,000 |
| Capital One Financial CorpBond | 0.51% | $1.19M | 1,210,000 |
| Mexico Government International BondBond | 0.46% | $1.08M | 1,083,000 |
| ZF North America Capital IncBond | 0.45% | $1.06M | 1,055,000 |
| Sumisho Air Lease CorpBond | 0.45% | $1.05M | 1,055,000 |
| United States Treasury Note/BondBond | 0.42% | $996.17K | 1,000,000 |
| Pacific Gas and Electric CoBond | 0.42% | $978.19K | 950,000 |
| Hawaiian Electric Co IncBond | 0.40% | $936.25K | 945,000 |
| CCO Holdings LLC / CCO Holdings Capital CorpBond | 0.39% | $923.03K | 1,045,000 |
| Cleveland-Cliffs IncBond | 0.36% | $839.04K | 870,000 |
| El Salvador Government International BondBond | 0.34% | $802.88K | 747,000 |
| Novelis CorpBond | 0.33% | $785.49K | 812,000 |
| Gates Corp/DEBond | 0.33% | $783.18K | 765,000 |
| Amcor Flexibles North America IncBond | 0.33% | $782.84K | 775,000 |
| Nissan Motor Acceptance Co LLCBond | 0.33% | $771.65K | 785,000 |
| Argentine Republic Government International BondBond | 0.33% | $764.42K | 863,968 |
| VENTURE GLOBAL PLAQUEBond | 0.32% | $760.15K | 730,000 |
| Baker Hughes Holdings LLC / Baker Hughes Co-Obligor IncBond | 0.32% | $744.86K | 760,000 |
| Turkiye Government International BondBond | 0.32% | $741.96K | 760,000 |
| Abu Dhabi Government International BondBond | 0.31% | $735.35K | 750,000 |
| Foundry JV Holdco LLCBond | 0.31% | $729.22K | 700,000 |
| Broadcom IncBond | 0.31% | $727.07K | 740,000 |
| Argentine Republic Government International BondBond | 0.31% | $725.43K | 870,000 |
| Studio City Finance LtdBond | 0.30% | $695.28K | 725,000 |
| Carnival Corp LtdBond | 0.29% | $676.72K | 665,000 |
| Pacific Gas and Electric CoBond | 0.29% | $672.01K | 635,000 |
| SS&C Technologies IncBond | 0.29% | $669.82K | 670,000 |
| Brandywine Operating Partnership LPBond | 0.28% | $665.15K | 630,000 |
| Morgan Stanley Private Bank NABond | 0.28% | $661.23K | 670,000 |
| Cheniere Energy Partners LPBond | 0.28% | $656.64K | 660,000 |
| Block IncBond | 0.28% | $653.57K | 640,000 |
| Sumisho Air Lease CorpBond | 0.28% | $652.98K | 660,000 |
| Opal Bidco SASBond | 0.28% | $652.75K | 640,000 |
| Hewlett Packard Enterprise CoBond | 0.28% | $646.28K | 650,000 |
| UBS Group AGBond | 0.27% | $639.70K | 625,000 |
| 1261229 BC LTDBond | 0.27% | $637.71K | 630,000 |
| Rocket Cos IncBond | 0.27% | $633.33K | 622,000 |
| IQVIA IncBond | 0.27% | $630.08K | 630,000 |
| Turkiye Government International BondBond | 0.27% | $626.48K | 628,000 |
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.