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Name

As of 06/02/2026

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Vanguard Multi-Sector Income Bond Fund

VMSAX | Fund

$18.31

$511 M

5.50%

$1.01

0.30%

Vitals

YTD Return

0.7%

1 yr return

6.6%

3 Yr Avg Return

7.8%

5 Yr Avg Return

N/A

Net Assets

$511 M

Holdings in Top 10

10.3%

52 WEEK LOW AND HIGH

$18.3
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.30%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A

Min Investment

Standard (Taxable)

$50,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 06/02/2026

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Vanguard Multi-Sector Income Bond Fund

VMSAX | Fund

$18.31

$511 M

5.50%

$1.01

0.30%

VMSAX - Profile

Distributions

  • YTD Total Return 0.7%
  • 3 Yr Annualized Total Return 7.8%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 5.5%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Vanguard Multi-Sector Income Bond Fund
  • Fund Family Name
    The Vanguard Group, Inc.
  • Inception Date
    Oct 12, 2021
  • Shares Outstanding
    N/A
  • Share Class
    Admiral
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Daniel Shaykevich

Fund Description

The Fund employs an active management approach, investingin bonds of various qualitiesacross multiple fixed income sectors. Under normal circumstances, the Fund invests at least 80% of its net assets,plus the amount of any borrowings for investment purposes, in bonds. For purposes of the 80% policy, bonds include fixed income securities such as corporate bonds; U.S. Treasury obligations and other U.S. government and agency securities; obligations issued or guaranteed by a foreign government or their agencies, instrumentalities, or political subdivisions; and asset-backed, mortgage-backed, and mortgage-related securities.The Fund purchases bonds with maturities of 90 days or more at the time of their issuance and may purchase bonds of any quality. High- and medium-quality bonds are considered to be investment-grade by Moody’s or another independent rating agency (or, if unrated, are considered to be of comparable quality by the Fund’s advisor). Lower-quality bonds, also referred to as high-yield securities or “junk” bonds, are rated below investment-grade. The Fund may invest up to 65% of its assets in high-yield securities.The Fund invests in bonds of non-U.S. issuers, including emerging market countries. The Fund’s investments in emerging market bonds may include those with lower quality ratings. Although the Fund seeks to have a majority of its assets denominated in or hedged back to the U.S. dollar, it also may invest in foreign currency bonds on an unhedged basis. In an effort to manage the currency risk associated with investing in bonds denominated in currencies other than the U.S. dollar, the Fund may seek to hedge some or all of its foreign currency exposure. To the extent that the Fund hedges its foreign currency exposure, it does so primarily through the use of foreign currency exchange forward contracts, which are a type of derivative.In addition to foreign currency exchange forward contracts, the Fund may invest in derivatives such as fixed income futures contracts, fixed income options (including options on swaps), currency swaps, interest rate swaps, total return swaps, credit default swaps, or other derivatives.
Read More

VMSAX - Performance

Return Ranking - Trailing

Period VMSAX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.7% -7.0% 6.4% 66.99%
1 Yr 6.6% -11.7% 19.2% 35.26%
3 Yr 7.8%* -6.0% 14.9% 23.72%
5 Yr N/A* -8.0% 12.2% 1.47%
10 Yr N/A* -1.0% 11.3% N/A

* Annualized

Return Ranking - Calendar

Period VMSAX Return Category Return Low Category Return High Rank in Category (%)
2025 3.0% -21.9% 12.9% 23.96%
2024 0.2% -17.6% 5.4% 55.27%
2023 4.4% -12.0% 8.9% 16.93%
2022 N/A -31.8% 18.4% 2.24%
2021 N/A -16.2% 25.7% 80.80%

Total Return Ranking - Trailing

Period VMSAX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.7% -7.0% 6.4% 66.99%
1 Yr 6.6% -11.7% 19.2% 35.26%
3 Yr 7.8%* -6.0% 14.9% 23.72%
5 Yr N/A* -8.0% 12.2% 1.48%
10 Yr N/A* -1.0% 11.3% N/A

* Annualized

Total Return Ranking - Calendar

Period VMSAX Return Category Return Low Category Return High Rank in Category (%)
2025 9.1% -9.2% 20.9% 27.96%
2024 7.0% -11.7% 18.6% 38.34%
2023 10.5% -6.5% 22.2% 20.29%
2022 N/A -23.0% 21.1% 2.76%
2021 N/A -7.8% 49.9% 85.55%

NAV & Total Return History

VMSAX - Holdings

Concentration Analysis

VMSAX Category Low Category High VMSAX % Rank
Net Assets 511 M 2.65 M 226 B 60.36%
Number of Holdings 1359 4 10796 20.16%
Net Assets in Top 10 51 M -204 M 91.6 B 76.29%
Weighting of Top 10 10.32% 5.1% 105.1% 90.08%

Top 10 Holdings

  1. US TREASURY N/B 3.59%
  2. MORGAN STANLEY 0.98%
  3. INTEL CORP 0.82%
  4. US TREASURY N/B 0.79%
  5. PETROLEOS MEXICA 0.78%
  6. AMAZON.COM INC 0.77%
  7. TREASURY BILL 0.70%
  8. BANK OF AMER CRP 0.65%
  9. CAPITAL ONE FINL 0.63%
  10. SAUDI INT BOND 0.61%

Asset Allocation

Weighting Return Low Return High VMSAX % Rank
Bonds 		99.11% -5.04% 180.51% 21.61%
Convertible Bonds 		4.76% 0.00% 33.50% 15.75%
Cash 		0.70% -94.66% 98.41% 84.19%
Other 		0.19% -37.46% 104.06% 72.26%
Stocks 		0.00% -7.68% 100.00% 95.81%
Preferred Stocks 		0.00% 0.00% 12.59% 90.16%

Bond Sector Breakdown

Weighting Return Low Return High VMSAX % Rank
Corporate 		78.47% 0.00% 96.66% 6.17%
Government 		20.84% 0.00% 99.43% 29.00%
Cash & Equivalents 		0.54% 0.00% 98.41% 85.60%
Derivative 		0.19% -29.08% 11.34% 27.18%
Securitized 		0.00% 0.00% 99.65% 99.17%
Municipal 		0.00% 0.00% 54.26% 88.67%

Bond Geographic Breakdown

Weighting Return Low Return High VMSAX % Rank
US 		97.18% -5.04% 162.24% 14.52%
Non US 		1.93% 0.00% 67.48% 54.52%

VMSAX - Expenses

Operational Fees

VMSAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.30% 0.14% 9.86% 99.36%
Management Fee 0.25% 0.00% 2.29% 1.28%
12b-1 Fee N/A 0.00% 1.00% 61.78%
Administrative Fee N/A 0.00% 0.70% 50.00%

Sales Fees

VMSAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% 69.64%
Deferred Load N/A 1.00% 1.50% N/A

Trading Fees

VMSAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

VMSAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 632.00% 73.48%

VMSAX - Distributions

Dividend Yield Analysis

VMSAX Category Low Category High VMSAX % Rank
Dividend Yield 5.50% 0.00% 23.30% 27.75%

Dividend Distribution Analysis

VMSAX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

VMSAX Category Low Category High VMSAX % Rank
Net Income Ratio N/A -1.55% 11.51% 93.81%

Capital Gain Distribution Analysis

VMSAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

VMSAX - Fund Manager Analysis

Managers

Daniel Shaykevich

Start Date

Tenure

Tenure Rank

Oct 14, 2021

0.63

0.6%

Daniel Shaykevich, Principal of Vanguard. He has worked in investment management since 2001, has managed investment portfolios since 2004, has been with Vanguard since 2013. Prior to Vanguard, he was a portfolio manager for BlackRock from 2001 to 2013. He holds a B.S. from Carnegie Mellon University.

Arvind Narayanan

Start Date

Tenure

Tenure Rank

Oct 14, 2021

0.63

0.6%

Arvind Narayanan, CFA, Portfolio Manager at Vanguard. He has been with Vanguard since February 2019, has worked in investment management since 2002, has managed investment portfolios since 2006, and has co-managed the Funds since November 2019. Education: B.A., Goucher College; M.B.A., New York University.

Michael Chang

Start Date

Tenure

Tenure Rank

Oct 14, 2021

0.63

0.6%

Michael Chang, CFA, Portfolio Manager at Vanguard. He has been with Vanguard since 2017, has worked in investment management since 2002, has managed investment portfolios since 2011, and has co-managed the Fund since its inception in 2021. Education: B. Com., University of British Columbia

Tenure Analysis

Category Low Category High Category Average Category Mode
0.02 28.19 5.66 3.19

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