Vanguard Scottsdale Funds - Vanguard Mortgage-Backed Securities ETF
US ˙ NasdaqGM ˙ US92206C7719

SecurityVMBS / Vanguard Scottsdale Funds - Vanguard Mortgage-Backed Securities ETF
InstitutionValmark Advisers, Inc.
Latest Disclosed Ownership1,591,330 shares
Latest Disclosed Value $ 74,712,958
Valmark Advisers, Inc. reports 2.47% increase in ownership of VMBS / Vanguard Scottsdale Funds - Vanguard Mortgage-Backed Securities ETF

On May 1, 2026 - Valmark Advisers, Inc. filed a 13F-HR form disclosing ownership of 1,591,330 shares of Vanguard Scottsdale Funds - Vanguard Mortgage-Backed Securities ETF (US:VMBS) valued at $74,712,944 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 26, 2026 disclosing 1,552,952 shares of Vanguard Scottsdale Funds - Vanguard Mortgage-Backed Securities ETF. This represents a change in shares of 2.47% during the quarter. The current value of the position is $74,124,151 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-01 2026-03-31 13F VANGUARD SCOTTSDALE FDS MTG-BKD SECS ETF 92206C771 1,591,330 38,378 2.47 74,713 2.19 0.8876
2026-01-26 2025-12-31 13F VANGUARD SCOTTSDALE FDS MTG-BKD SECS ETF 92206C771 1,552,952 45,784 3.04 73,113 3.30 0.9010
2025-10-24 2025-09-30 13F VANGUARD SCOTTSDALE FDS MTG-BKD SECS ETF 92206C771 1,507,168 64,338 4.46 70,777 5.86 0.9145
2025-07-23 2025-06-30 13F VANGUARD SCOTTSDALE FDS MTG-BKD SECS ETF 92206C771 1,442,830 48,778 3.50 66,861 3.57 0.9304
2025-04-23 2025-03-31 13F VANGUARD SCOTTSDALE FDS MTG-BKD SECS ETF 92206C771 1,394,052 40,122 2.96 64,559 5.17 0.9738
2025-01-30 2024-12-31 13F VANGUARD SCOTTSDALE FDS MTG-BKD SECS ETF 92206C771 1,353,930 16,064 1.20 61,387 -2.81 0.9508
2024-10-25 2024-09-30 13F VANGUARD SCOTTSDALE FDS MTG-BKD SECS ETF 92206C771 1,337,866 20,353 1.54 63,161 5.59 0.9868
2024-08-01 2024-06-30 13F VANGUARD SCOTTSDALE FDS MTG-BKD SECS ETF 92206C771 1,317,513 161,202 13.94 59,815 13.42 1.0152
2024-05-06 2024-03-31 13F VANGUARD SCOTTSDALE FDS MTG-BKD SECS ETF 92206C771 1,156,311 36,136 3.23 52,739 1.56 0.9174
2024-02-02 2023-12-31 13F VANGUARD SCOTTSDALE FDS MTG-BKD SECS ETF 92206C771 1,120,175 959 0.09 51,931 5.98 0.9721
2023-11-08 2023-09-30 13F VANGUARD SCOTTSDALE FDS MTG-BKD SECS ETF 92206C771 1,119,216 21,521 1.96 48,999 -2.94 1.0167
2023-08-03 2023-06-30 13F VANGUARD SCOTTSDALE FDS MTG-BKD SECS ETF 92206C771 1,097,695 48,378 4.61 50,483 3.35 1.0270
2023-05-02 2023-03-31 13F VANGUARD SCOTTSDALE FDS MTG-BKD SECS ETF 92206C771 1,049,317 34,035 3.35 48,846 5.69 1.0517
2023-02-07 2022-12-31 13F VANGUARD SCOTTSDALE FDS MTG-BKD SECS ETF 92206C771 1,015,282 -372,789 -26.86 46,216 -26.16 1.0664
2022-11-03 2022-09-30 13F VANGUARD SCOTTSDALE FDS MTG-BKD SECS ETF 92206C771 1,388,071 3,183 0.23 62,588 -5.47 1.2594
2022-08-01 2022-06-30 13F VANGUARD SCOTTSDALE FDS MTG-BKD SECS ETF 92206C771 1,384,888 -1,631 -0.12 66,211 -4.68 1.2850
2022-05-10 2022-03-31 13F VANGUARD SCOTTSDALE FDS MTG-BKD SECS ETF 92206C771 1,386,519 21,082 1.54 69,465 -3.72 1.2234
2022-02-02 2021-12-31 13F VANGUARD SCOTTSDALE FDS MTG-BKD SECS ETF 92206C771 1,365,437 32,485 2.44 72,150 1.57 1.2433
2021-11-09 2021-09-30 13F VANGUARD SCOTTSDALE FDS MTG-BKD SECS ETF 92206C771 1,332,952 15,427 1.17 71,033 1.02 1.3003
2021-08-06 2021-06-30 13F VANGUARD SCOTTSDALE FDS MORTG-BACK SEC 92206C771 1,317,525 79,740 6.44 70,316 6.44 1.2876
2021-05-04 2021-03-31 13F VANGUARD SCOTTSDALE FDS MORTG-BACK SEC 92206C771 1,237,785 32,711 2.71 66,061 1.39 1.2736
2021-02-03 2020-12-31 13F VANGUARD SCOTTSDALE FDS MORTG-BACK SEC 92206C771 1,205,074 42,810 3.68 65,158 3.30 1.3258
2020-11-09 2020-09-30 13F VANGUARD SCOTTSDALE FDS MORTG-BACK SEC 92206C771 1,162,264 17,297 1.51 63,076 1.32 1.4326
2020-07-31 2020-06-30 13F VANGUARD SCOTTSDALE FDS MORTG-BACK SEC 92206C771 1,144,967 -4,468 -0.39 62,252 -0.63 1.4641
2020-05-01 2020-03-31 13F VANGUARD SCOTTSDALE FDS MORTG-BACK SEC 92206C771 1,149,435 -108,812 -8.65 62,644 -6.36 1.6354
2020-01-31 2019-12-31 13F VANGUARD SCOTTSDALE FDS MORTG-BACK SEC 92206C771 1,258,247 15,280 1.23 66,901 1.06 1.4515
2019-11-06 2019-09-30 13F VANGUARD SCOTTSDALE FDS MORTG-BACK SEC 92206C771 1,242,967 -27,446 -2.16 66,200 -1.36 1.4703
2019-08-07 2019-06-30 13F VANGUARD SCOTTSDALE FDS MORTG-BACK SEC 92206C771 1,270,413 -13,194 -1.03 67,116 -0.14 1.4735
2019-05-10 2019-03-31 13F VANGUARD SCOTTSDALE FDS MORTG-BACK SEC 92206C771 1,283,607 -5,649 -0.44 67,210 1.24 1.4971
2019-02-07 2018-12-31 13F VANGUARD SCOTTSDALE FDS MORTG-BACK SEC 92206C771 1,289,256 -94,099 -6.80 66,384 -5.91 1.5922
2018-11-02 2018-09-30 13F VANGUARD SCOTTSDALE FDS MORTG-BACK SEC 92206C771 1,383,355 -1,758 -0.13 70,551 -0.92 1.5459
2018-08-07 2018-06-30 13F VANGUARD SCOTTSDALE FDS MORTG-BACK SEC 92206C771 1,385,113 -872 -0.06 71,209 -0.43 1.5760
2018-05-07 2018-03-31 13F VANGUARD SCOTTSDALE FDS MORTG-BACK SEC 92206C771 1,385,985 58,705 4.42 71,517 2.75 1.5671
2018-02-09 2017-12-31 13F VANGUARD SCOTTSDALE FDS MORTG-BACK SEC 92206C771 1,327,280 44,457 3.47 69,603 2.80 1.4932
2017-11-06 2017-09-30 13F VANGUARD SCOTTSDALE FDS MORTG-BACK SEC 92206C771 1,282,823 17,339 1.37 67,707 1.60 1.5840
2017-07-31 2017-06-30 13F VANGUARD SCOTTSDALE FDS MORTG-BACK SEC 92206C771 1,265,484 9,275 0.74 66,640 1.01 1.6061
2017-05-08 2017-03-31 13F VANGUARD SCOTTSDALE FDS MORTG-BACK SEC 92206C771 1,256,209 13,513 1.09 65,976 1.53 1.6185
2017-01-23 2016-12-31 13F VANGUARD SCOTTSDALE FDS MORTG-BACK SEC 92206C771 1,242,696 41,518 3.46 64,981 0.25 1.6420
2016-11-04 2016-09-30 13F VANGUARD SCOTTSDALE FDS MORTG-BACK SEC 92206C771 1,201,178 8,920 0.75 64,816 0.95 1.6197
2016-08-15 2016-06-30 13F VANGUARD SCOTTSDALE FDS MORTG-BACK SEC 92206C771 1,192,258 1,192,258 64,203 1.6161
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.