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 |
|---|---|---|---|
| United States Treasury Note/BondBond | 1.90% | $17.05M | 17,112,000 |
| United States Treasury Note/BondBond | 1.66% | $14.88M | 14,843,000 |
| United States Treasury Note/BondBond | 1.55% | $13.92M | 14,622,000 |
| United States Treasury Note/BondBond | 1.55% | $13.90M | 14,647,000 |
| United States Treasury Note/BondBond | 1.50% | $13.47M | 13,347,000 |
| United States Treasury Note/BondBond | 1.50% | $13.42M | 13,572,000 |
| United States Treasury Note/BondBond | 1.23% | $11.04M | 11,024,000 |
| United States Treasury BillBond | 1.16% | $10.39M | 10,782,200 |
| United States Treasury Note/BondBond | 1.07% | $9.59M | 9,676,000 |
| Vanguard Cmt Funds-Vanguard Market Liquidity FundCash or money market | 1.00% | $8.97M | 8,967,722 |
| United States Treasury Note/BondBond | 0.85% | $7.63M | 7,753,000 |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATIONABS-MBS | 0.81% | $7.28M | 7,371,033 |
| Dominican Republic International BondBond | 0.75% | $6.73M | 6,970,000 |
| United States Treasury Note/BondBond | 0.74% | $6.66M | 6,688,000 |
| United States Treasury Note/BondBond | 0.70% | $6.28M | 6,426,000 |
| Fannie Mae REMICSABS-MBS | 0.70% | $6.26M | 6,275,792 |
| Ginnie Mae II PoolABS-MBS | 0.65% | $5.78M | 5,750,000 |
| SA Global Sukuk LtdBond | 0.59% | $5.29M | 5,400,000 |
| United States Treasury Note/BondBond | 0.59% | $5.27M | 5,300,000 |
| Turkiye Government International BondBond | 0.56% | $5.03M | 5,200,000 |
| United States Treasury Note/BondBond | 0.55% | $4.89M | 5,032,000 |
| United States Treasury Note/BondBond | 0.54% | $4.84M | 4,865,000 |
| Fannie Mae REMICSABS-MBS | 0.52% | $4.70M | 4,701,274 |
| United States Treasury Note/BondBond | 0.52% | $4.67M | 4,618,000 |
| United States Treasury Note/BondBond | 0.52% | $4.67M | 5,392,000 |
| Mexico Government International BondBond | 0.49% | $4.42M | 5,000,000 |
| Chase Home Lending Mortgage Trust 2026-AGY1ABS-MBS | 0.49% | $4.35M | 4,400,000 |
| Regions Bank/Birmingham ALBond | 0.48% | $4.34M | 4,340,000 |
| UBS AG/Stamford CTBond | 0.48% | $4.30M | 4,310,000 |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATIONABS-MBS | 0.47% | $4.23M | 4,201,227 |
| United States Treasury Note/BondBond | 0.46% | $4.10M | 4,129,000 |
| PMT Loan Trust 2026-INV1ABS-MBS | 0.45% | $4.02M | 4,028,792 |
| Fannie Mae REMICSABS-MBS | 0.44% | $3.94M | 3,921,602 |
| United States Treasury Note/BondBond | 0.41% | $3.70M | 3,780,000 |
| United States Treasury Note/BondBond | 0.41% | $3.70M | 3,725,000 |
| Ginnie Mae II PoolABS-MBS | 0.41% | $3.70M | 3,750,000 |
| United States Treasury Note/BondBond | 0.41% | $3.65M | 4,182,000 |
| United States Treasury Note/BondBond | 0.39% | $3.51M | 3,420,000 |
| United States Treasury Note/BondBond | 0.39% | $3.51M | 3,612,000 |
| SFS Auto Receivables Securitization Trust 2026-1ABS-CBDO | 0.38% | $3.45M | 3,510,000 |
| Lloyds Banking Group PLCBond | 0.38% | $3.44M | 3,375,000 |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATIONABS-MBS | 0.38% | $3.43M | 3,389,996 |
| First Investors Auto Owner Trust 2026-1ABS-CBDO | 0.38% | $3.37M | 3,370,000 |
| Costa Rica Government International BondBond | 0.37% | $3.33M | 3,230,000 |
| United States Treasury Note/BondBond | 0.35% | $3.16M | 3,207,000 |
| Pacific Gas and Electric CoBond | 0.35% | $3.13M | 3,035,000 |
| United States Treasury Note/BondBond | 0.34% | $3.07M | 3,369,000 |
| United States Treasury Note/BondBond | 0.34% | $3.02M | 3,091,000 |
| United States Treasury Note/BondBond | 0.33% | $3.00M | 2,982,000 |
| HSBC Holdings PLCBond | 0.33% | $2.98M | 2,995,000 |
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.