VMBS is a Bond ETF from Vanguard holding 5112 positions as of May 31, 2026, with $15.6B in assets and a 0.03% net expense ratio. Its largest positions are Uniform Mortgage-Backed Security, TBA (0.5%), G2SF 5.5 7/26 (0.4%) and Government National Mortgage Association (0.3%); the top 10 holdings account for 3.2% of the portfolio. It yields 4.23% on a trailing-12-month basis.
- Issuer
- Vanguard
- Holdings
- 51123.5% cash, collateral & derivative positions excluded
- Net Assets
- $15.6BETF assets as of 2026-08-10
- Expense Ratio
- 0.03%per latest SEC prospectus filing
- TTM Yield
- 4.23%trailing 12-month distributions
Performance
- 1M
- -0.1%
- YTD
- +0.6%
- 1Y
- +4.1%
- 3Y (ann.)
- +4.9%
- 5Y (ann.)
- +0.4%
- 10Y (ann.)
- +1.3%
A $10,000 investment 10 years ago would be worth $11,379 today at the 10Y annualized rate. This is a backward-looking illustration, not a forecast. Project its future growth →
Total returns including dividends as of 2026-08-07. 3Y/5Y/10Y annualized. Past performance does not predict future results.
Top 25 Holdings
| # | Holding | Weight |
|---|---|---|
| 1 | Uniform Mortgage-Backed Security, TBA | 0.52% |
| 2 | G2SF 5.5 7/26 | 0.36% |
| 3 | Government National Mortgage Association | 0.32% |
| 4 | Ginnie Mae II Pool | 0.31% |
| 5 | FN CC2762 | 0.29% |
| 6 | Government National Mortgage Association | 0.29% |
| 7 | Ginnie Mae | 0.29% |
| 8 | Government National Mortgage Association | 0.28% |
| 9 | FR SD4155 | 0.27% |
| 10 | FR RQ0118 | 0.27% |
| 11 | Uniform Mortgage-Backed Securities | 0.26% |
| 12 | Uniform Mortgage-Backed Security, TBA | 0.25% |
| 13 | FR RQ0094 | 0.24% |
| 14 | Freddie Mac Pool | 0.24% |
| 15 | Freddie Mac Pool | 0.23% |
| 16 | Uniform Mortgage-Backed Securities | 0.23% |
| 17 | Ginnie Mae II Pool | 0.22% |
| 18 | Ginnie Mae II Pool | 0.21% |
| 19 | Freddie Mac Pool | 0.21% |
| 20 | Government National Mortgage Association | 0.20% |
| 21 | Government National Mortgage Association | 0.20% |
| 22 | Uniform Mortgage-Backed Security, TBA | 0.20% |
| 23 | Freddie Mac Pool | 0.20% |
| 24 | Government National Mortgage Association | 0.20% |
| 25 | FN FS1560 | 0.20% |
Showing the top 25 of 5112 holdings. See the full VMBS holdings list →
VMBS alternatives
The closest Bond ETFs to VMBS by portfolio overlap — the share of weight both funds hold in the same securities.
| Fund | Overlap | Expense | Assets | |
|---|---|---|---|---|
 MBBiShares MBS ETF | 17% | 0.04%pricier | $39.1B | Compare → |
 BNDVanguard Total Bond Market Index Fund | 16% | 0.03% | $161.4B | Compare → |
 SCHZSchwab U.S. Aggregate Bond ETF | 11% | 0.03% | $10.5B | Compare → |
 EAGGiShares ESG Aware U.S. Aggregate Bond ETF | 8% | 0.1%pricier | $5.0B | Compare → |
 AGGiShares Core U.S. Aggregate Bond ETF | 8% | 0.03% | $137.7B | Compare → |
 BKAGBNY Mellon Core Bond ETF | 7% | 0%cheaper | $2.2B | Compare → |
 IUSBiShares Core Universal USD Bond ETF | 5% | 0.06%pricier | $43.2B | Compare → |
 FLCBFranklin U.S. Core Bond ETF | 5% | 0.15%pricier | $3.0B | Compare → |
Frequently Asked Questions
What is VMBS's expense ratio?
VMBS has a net expense ratio of 0.03%, per its latest SEC prospectus filing. That works out to about $3 a year on a $10,000 investment.
How many holdings does VMBS have?
VMBS held 5112 positions as of May 31, 2026, per its latest official holdings data. Cash, collateral and derivative positions (3.5% of portfolio weight) are excluded from that count.
What are VMBS's top 10 holdings?
VMBS's largest positions are Uniform Mortgage-Backed Security, TBA (0.5%), G2SF 5.5 7/26 (0.4%), Government National Mortgage Association (0.3%), Ginnie Mae II Pool (0.3%), FN CC2762 (0.3%), Government National Mortgage Association (0.3%), Ginnie Mae (0.3%), Government National Mortgage Association (0.3%), FR SD4155 (0.3%), FR RQ0118 (0.3%). Together they account for 3.2% of the portfolio.
What is VMBS's dividend yield?
VMBS yields 4.23% based on its trailing 12-month distributions, as of Aug 7, 2026.
How big is VMBS?
VMBS has $15.6B in assets as of Aug 10, 2026.
What are good alternatives to VMBS?
By portfolio overlap, the closest Bond ETFs to VMBS are MBB (17% overlap), BND (16% overlap), SCHZ (11% overlap). Overlap measures the share of portfolio weight both funds hold in the same securities.