Vanguard Mortgage-Backed Securities ETF
The Vanguard Mortgage-Backed Securities ETF provides exposure to the mortgage-backed security slice of the bond market, a corner of the finance world that has seen its share of troubles over the past few years. The Fund employs a passively-managed, indexing investment approach designed to track the performance of the Bloomberg Barclays U.S. MBS Float Adjusted Index. VMBS’s index covers U.S. agency mortgage-backed pass-through securities which aims to provide a moderate and sustainable level of current income. VMBS employs a moderate interest rate risk, with a dollar-weighted average maturity of 3 to 10 years.
VMBS U.S. Agency Coverage
Government National Mortgage Association (GNMA)
VMBS Top Holdings
Federal National Mortgage Association 2% 3.83
Federal National Mortgage Association 2.5% 2.25
Government National Mortgage Association 2% 1.80
Federal National Mortgage Association 1.5% 1.12
Federal National Mortgage Association 0.79
Federal National Mortgage Association 2.19% 0.78
As of 03/31/21
VMBS Distribution
Under 1 Year 0.3%
1 - 5 Years 55.0%
5 - 10 Years 44.7%
As of 03/31/21