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 |
|---|---|---|---|
| Fannie Mae-AcesABS-MBS | 4.98% | $2.00M | 2,041,654 |
| Vanguard Cmt Funds-Vanguard Market Liquidity FundCash or money market | 2.93% | $1.18M | 11,784 |
| Fannie Mae-AcesABS-MBS | 2.45% | $985.32K | 1,012,822 |
| Fannie Mae-AcesABS-MBS | 2.26% | $910.26K | 921,596 |
| United States Treasury Note/BondBond | 2.20% | $884.40K | 894,600 |
| United States Treasury Note/BondBond | 2.15% | $864.60K | 870,000 |
| United States Treasury Note/BondBond | 1.87% | $753.85K | 765,000 |
| United States Treasury Note/BondBond | 1.85% | $743.02K | 745,000 |
| United States Treasury Note/BondBond | 1.73% | $696.80K | 706,100 |
| United States Treasury Note/BondBond | 1.61% | $647.30K | 655,000 |
| United States Treasury Note/BondBond | 1.58% | $636.58K | 640,000 |
| United States Treasury Note/BondBond | 1.29% | $518.49K | 535,000 |
| United States Treasury Note/BondBond | 1.28% | $514.09K | 508,000 |
| United States Treasury Note/BondBond | 1.27% | $512.20K | 511,000 |
| Fannie Mae REMICSABS-MBS | 1.21% | $488.12K | 492,399 |
| United States Treasury Note/BondBond | 1.20% | $480.76K | 486,500 |
| Fannie Mae PoolABS-MBS | 1.18% | $475.32K | 483,427 |
| United States Treasury Note/BondBond | 1.11% | $445.79K | 478,800 |
| United States Treasury Note/BondBond | 1.09% | $436.80K | 450,000 |
| United States Treasury Note/BondBond | 1.02% | $412.21K | 462,100 |
| Fannie Mae-AcesABS-MBS | 1.01% | $406.94K | 414,534 |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATIONABS-MBS | 0.97% | $388.28K | 393,122 |
| United States Treasury Note/BondBond | 0.93% | $373.99K | 673,000 |
| United States Treasury Note/BondBond | 0.91% | $364.10K | 383,000 |
| Fannie Mae-AcesABS-MBS | 0.89% | $359.12K | 374,028 |
| United States Treasury Note/BondBond | 0.88% | $355.14K | 368,300 |
| Fannie Mae-AcesABS-MBS | 0.80% | $323.46K | 328,577 |
| United States Treasury Note/BondBond | 0.78% | $312.13K | 499,000 |
| Federal Farm Credit Banks Funding CorpBond | 0.77% | $311.66K | 400,000 |
| Federal National Mortgage AssociationBond | 0.77% | $308.84K | 400,000 |
| United States Treasury Note/BondBond | 0.76% | $306.90K | 314,000 |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_26-107ABS-MBS | 0.75% | $300.87K | 300,000 |
| United States Treasury Note/BondBond | 0.75% | $300.69K | 310,000 |
| United States Treasury Note/BondBond | 0.73% | $294.61K | 317,300 |
| United States Treasury Note/BondBond | 0.72% | $288.69K | 295,100 |
| Fannie Mae REMICSABS-MBS | 0.71% | $284.73K | 285,263 |
| United States Treasury Note/BondBond | 0.70% | $283.36K | 295,000 |
| PMT Loan Trust 2025-INV12ABS-MBS | 0.69% | $278.89K | 279,009 |
| Fannie Mae-AcesABS-MBS | 0.67% | $268.94K | 274,241 |
| United States Treasury Note/BondBond | 0.65% | $263.10K | 265,000 |
| United States Treasury Note/BondBond | 0.64% | $259.20K | 267,200 |
| United States Treasury Note/BondBond | 0.64% | $257.67K | 260,000 |
| Finland Government International BondBond | 0.63% | $253.06K | 254,000 |
| Fannie Mae PoolABS-MBS | 0.63% | $252.07K | 257,202 |
| Fannie Mae PoolABS-MBS | 0.63% | $251.99K | 262,928 |
| United States Treasury Note/BondBond | 0.62% | $250.94K | 394,000 |
| United States Treasury Note/BondBond | 0.62% | $249.60K | 250,000 |
| United States Treasury Note/BondBond | 0.61% | $246.80K | 390,000 |
| United States Treasury Note/BondBond | 0.61% | $246.03K | 250,000 |
| United States Treasury Note/BondBond | 0.61% | $243.65K | 243,500 |
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.