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VMBS

Vanguard Mortgage-Backed Securities ETF·NASDAQ
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Key Stats

Assets Under Management
14.86BUSD
Fund Flows (1Y)
-5.28BUSD
Dividend Yield
4.53%
Discount/Premium to NAV
0.15%
Shares Outstanding
314.50M
Expense Ratio
0.03%

About Vanguard Mortgage-Backed Securities ETF

Issuer
Vanguard
Brand
Vanguard
Inception Date
Nov 19, 2009
Structure
Open-Ended Fund
Index Tracked
Bloomberg U.S. MBS Float Adjusted Index
Management Style
Passive
Dividend Treatment
Distributes
Distribution Tax Treatment
Ordinary income
Income Tax Type
Capital Gains
Max ST Capital Gains Rate
39.60%
Max LT Capital Gains Rate
20.00%
Primary Advisor
The Vanguard Group, Inc.
Distributor
Vanguard Marketing Corp.
VMBS offers good exposure to mortgage pass-through securities, efficiently. It has exposure to the three major agencies: Fannie Mae, Freddie Mac and Ginnie Mae. Instead of holding actual MBS pass-throughs, VMBS uses MBS TBAs as liquid alternatives to the MBS. As a Vanguard product, VMBS is a bit less transparent as it does not disclose its holdings daily. In all, VMBS offers good mortgage-backed securities coverage in a stable wrapper.

Classification

Asset Class
Fixed Income
Category
Government, Mortgage-backed
Focus
Investment Grade
Niche
Broad Maturities
Strategy
Vanilla
Geography
U.S.
Weighting Scheme
Market Value
Selection Criteria
Market value

Analysis

Asset

No data available

Holdings

Symbol

Ratio

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Federal National Mortgage Assn.

6.81%
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Federal National Mortgage Assn.-1

6.81%
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Federal National Mortgage Assn.-2

6.81%
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Federal Home Loan Mortgage Corp.

6.40%
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Federal Home Loan Mortgage Corp.-1

6.40%
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Federal Home Loan Mortgage Corp.-2

6.40%

Symbol

Ratio

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Federal National Mortgage Assn.-3

6.26%
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Federal National Mortgage Assn.-4

6.26%
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Federal National Mortgage Assn.-5

6.26%
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Federal Home Loan Mortgage Corp.-3

4.82%

Top 10 Weight 63.23%

10 Total Holdings

See all holdings

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