# VANGUARD GOVERNMENT SECURITIES ACTIVE ETF

VANGUARD GOVERNMENT SECURITIES ACTIVE ETF is a ETF series of VANGUARD MALVERN FUNDS (series S000093523). Net assets $45.0M as of 2026-03-31.

## Profile

- Series ID: S000093523
- Registrant: VANGUARD MALVERN FUNDS
- LEI: 529900OC6H2J7T6KV667
- Net assets: $45.0M
- Total assets: $46.2M
- As of: 2026-03-31
- Type: ETF

## Advisers

- [The Vanguard Group, Inc. (Advisor)](https://search.stillhousedata.com/firm/105958)

## Top holdings (200 reported)

_Showing 15 of 200 holdings by value._

| Holding | Ticker | Value | % of fund |
| --- | --- | --- | --- |
| [Fannie Mae-Aces](https://search.stillhousedata.com/security/3136B1K86) | — | $2.0M | 453.47% |
| [United States Treasury Note/Bond](https://search.stillhousedata.com/security/91282CPC9) | — | $1.5M | 331.45% |
| [United States Treasury Note/Bond](https://search.stillhousedata.com/security/91282CNA5) | — | $1.2M | 264.22% |
| [United States Treasury Note/Bond](https://search.stillhousedata.com/security/91282CNK3) | — | $1.1M | 248.48% |
| [Fannie Mae-Aces](https://search.stillhousedata.com/security/3136B4KB3) | — | $1000K | 222.14% |
| Vanguard Cmt Funds-Vanguard Market Liquidity Fund | — | $964K | 214.34% |
| [United States Treasury Note/Bond](https://search.stillhousedata.com/security/91282CHW4) | — | $947K | 210.53% |
| [Fannie Mae-Aces](https://search.stillhousedata.com/security/3136AY6U2) | — | $927K | 206.03% |
| [United States Treasury Note/Bond](https://search.stillhousedata.com/security/91282CMU2) | — | $873K | 194.08% |
| [Freddie Mac Multifamily Structured Pass Through Certificates](https://search.stillhousedata.com/security/3137HB3G7) | — | $863K | 191.84% |
| [United States Treasury Note/Bond](https://search.stillhousedata.com/security/91282CFJ5) | — | $742K | 164.95% |
| [United States Treasury Note/Bond](https://search.stillhousedata.com/security/91282CKU4) | — | $733K | 162.91% |
| [United States Treasury Note/Bond](https://search.stillhousedata.com/security/91282CGC9) | — | $730K | 162.34% |
| [GOVERNMENT NATIONAL MORTGAGE ASSOCIATION](https://search.stillhousedata.com/security/38385JG72) | — | $680K | 151.01% |
| [Freddie Mac Multifamily Structured Pass Through Certificates](https://search.stillhousedata.com/security/3137HAMS2) | — | $679K | 150.81% |

## Net asset history

| Report date | Net assets |
| --- | --- |
| 2026-03-31 | $45.0M |
| 2025-12-31 | $33.4M |
| 2025-09-30 | $16.8M |

## More

- [Registrant: VANGUARD MALVERN FUNDS](https://search.stillhousedata.com/registrant/836906)
- [This page as markdown (for LLM agents)](https://search.stillhousedata.com/fund/S000093523.md)
- [Search all SEC filings, advisers and people on Adviser Search](https://search.stillhousedata.com/)

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Source: public SEC filing data via Adviser Search (https://search.stillhousedata.com).
Agents: this data is also queryable via MCP tools and read-only SQL — see https://search.stillhousedata.com/llms.txt.