Morningstar

Vanguard Multi-Sector Income Bond Fund Admiral Shares VMSAX

Medalist Rating as of Sep 28, 2026 See Vanguard Investment Hub

Strategy

The investment seeks to provide total return while generating a moderate to high level of current income. The fund invests in a variety of fixed income securities that are high-quality, medium-quality, and lower quality bonds across several fixed income sectors. Under normal circumstances, it will invest at least 80% of its assets in bonds, which include fixed income securities such as corporate bonds; emerging market bonds; and U.S. Treasury obligations and other U.S. government and agency securities. All bonds purchased by the fund will have a maturity of 90 days or more at the time of their issuance.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
VMSIX	Vanguard Multi-Sector Income Bond Fund Investor Shares	No Load	Open			Oct 14, 2021	$23.75M	0.400%	Low	$3,000	−$2.88M
VMSAX	Vanguard Multi-Sector Income Bond Fund Admiral Shares	Institutional	Open			Oct 14, 2021	$525.22M	0.300%	Low	$50,000	$178.69M

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