Vanguard Malvern Funds - Vanguard Short-Term Inflation-Protected Securities ETF
US ˙ NasdaqGM ˙ US9220208055

SecurityVTIP / Vanguard Malvern Funds - Vanguard Short-Term Inflation-Protected Securities ETF
InstitutionValmark Advisers, Inc.
Latest Disclosed Ownership7,073,953 shares
Latest Disclosed Value $ 353,343,969
Valmark Advisers, Inc. reports 5.33% increase in ownership of VTIP / Vanguard Malvern Funds - Vanguard Short-Term Inflation-Protected Securities ETF

On May 1, 2026 - Valmark Advisers, Inc. filed a 13F-HR form disclosing ownership of 7,073,953 shares of Vanguard Malvern Funds - Vanguard Short-Term Inflation-Protected Securities ETF (US:VTIP) valued at $353,343,952 USD as of March 31, 2026. The current value of the position is $356,880,929 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 MALVERN FDS STRM INFPROIDX 922020805 7,073,953 357,681 5.33 353,344 6.37 4.1977
2026-01-26 2025-12-31 13F VANGUARD MALVERN FDS STRM INFPROIDX 922020805 6,716,272 314,697 4.92 332,187 2.49 4.0936
2025-10-24 2025-09-30 13F VANGUARD MALVERN FDS STRM INFPROIDX 922020805 6,401,575 263,810 4.30 324,112 5.04 4.1878
2025-07-23 2025-06-30 13F VANGUARD MALVERN FDS STRM INFPROIDX 922020805 6,137,765 137,896 2.30 308,545 3.06 4.2937
2025-04-23 2025-03-31 13F VANGUARD MALVERN FDS STRM INFPROIDX 922020805 5,999,869 195,252 3.36 299,393 6.52 4.5160
2025-01-30 2024-12-31 13F VANGUARD MALVERN FDS STRM INFPROIDX 922020805 5,804,617 50,040 0.87 281,060 -0.95 4.3531
2024-10-25 2024-09-30 13F VANGUARD MALVERN FDS STRM INFPROIDX 922020805 5,754,577 129,479 2.30 283,758 3.92 4.4335
2024-08-01 2024-06-30 13F VANGUARD MALVERN FDS STRM INFPROIDX 922020805 5,625,098 248,393 4.62 273,042 6.04 4.6341
2024-05-06 2024-03-31 13F VANGUARD MALVERN FDS STRM INFPROIDX 922020805 5,376,705 144,623 2.76 257,490 3.63 4.4790
2024-02-02 2023-12-31 13F VANGUARD MALVERN FDS STRM INFPROIDX 922020805 5,232,082 114,300 2.23 248,472 2.69 4.6509
2023-11-08 2023-09-30 13F VANGUARD MALVERN FDS STRM INFPROIDX 922020805 5,117,782 58,757 1.16 241,969 0.86 5.0205
2023-08-03 2023-06-30 13F VANGUARD MALVERN FDS STRM INFPROIDX 922020805 5,059,025 195,093 4.01 239,899 3.14 4.8804
2023-05-02 2023-03-31 13F VANGUARD MALVERN FDS STRM INFPROIDX 922020805 4,863,932 145,634 3.09 232,593 5.54 5.0081
2023-02-07 2022-12-31 13F VANGUARD MALVERN FDS STRM INFPROIDX 922020805 4,718,298 -1,241,841 -20.84 220,392 -23.14 5.0856
2022-11-03 2022-09-30 13F VANGUARD MALVERN FDS STRM INFPROIDX 922020805 5,960,139 210,924 3.67 286,742 -0.49 5.7699
2022-08-01 2022-06-30 13F VANGUARD MALVERN FDS STRM INFPROIDX 922020805 5,749,215 -238,391 -3.98 288,151 -6.02 5.5924
2022-05-10 2022-03-31 13F VANGUARD MALVERN FDS STRM INFPROIDX 922020805 5,987,606 -73,500 -1.21 306,625 -1.58 5.4004
2022-02-02 2021-12-31 13F VANGUARD MALVERN FDS STRM INFPROIDX 922020805 6,061,106 191,025 3.25 311,541 0.94 5.3685
2021-11-09 2021-09-30 13F VANGUARD MALVERN FDS STRM INFPROIDX 922020805 5,870,081 72,129 1.24 308,649 1.57 5.6499
2021-08-06 2021-06-30 13F VANGUARD MALVERN FDS STRM INFPROIDX 922020805 5,797,952 259,861 4.69 303,871 6.46 5.5643
2021-05-04 2021-03-31 13F VANGUARD MALVERN FDS STRM INFPROIDX 922020805 5,538,091 103,674 1.91 285,433 2.79 5.5027
2021-02-03 2020-12-31 13F VANGUARD MALVERN FDS STRM INFPROIDX 922020805 5,434,417 233,996 4.50 277,699 4.66 5.6504
2020-11-09 2020-09-30 13F VANGUARD MALVERN FDS STRM INFPROIDX 922020805 5,200,421 76,800 1.50 265,326 3.22 6.0263
2020-07-31 2020-06-30 13F VANGUARD MALVERN FDS STRM INFPROIDX 922020805 5,123,621 18,639 0.37 257,052 3.35 6.0458
2020-05-01 2020-03-31 13F VANGUARD MALVERN FDS STRM INFPROIDX 922020805 5,104,982 -328,455 -6.05 248,715 -7.11 6.4929
2020-01-31 2019-12-31 13F VANGUARD MALVERN FDS STRM INFPROIDX 922020805 5,433,437 59,308 1.10 267,760 1.58 5.8096
2019-11-06 2019-09-30 13F VANGUARD MALVERN FDS STRM INFPROIDX 922020805 5,374,129 -56,936 -1.05 263,601 -1.59 5.8546
2019-08-07 2019-06-30 13F VANGUARD MALVERN FDS STRM INFPROIDX 922020805 5,431,065 -45,861 -0.84 267,860 0.47 5.8807
2019-05-10 2019-03-31 13F VANGUARD MALVERN FDS STRM INFPROIDX 922020805 5,476,926 4,066,744 288.38 266,617 294.54 5.9387
2019-02-07 2018-12-31 13F VANGUARD MALVERN FDS STRM INFPROIDX 922020805 1,410,182 -132,921 -8.61 67,576 -9.46 1.6208
2018-11-02 2018-09-30 13F VANGUARD MALVERN FDS STRM INFPROIDX 922020805 1,543,103 -129 -0.01 74,640 -0.99 1.6355
2018-08-07 2018-06-30 13F VANGUARD MALVERN FDS STRM INFPROIDX 922020805 1,543,232 -7,723 -0.50 75,387 -0.62 1.6685
2018-05-07 2018-03-31 13F VANGUARD MALVERN FDS STRM INFPROIDX 922020805 1,550,955 -60,329 -3.74 75,857 -3.57 1.6622
2018-02-09 2017-12-31 13F VANGUARD MALVERN FDS STRM INFPROIDX 922020805 1,611,284 65,679 4.25 78,663 2.92 1.6876
2017-11-06 2017-09-30 13F VANGUARD MALVERN FDS STRM INFPROIDX 922020805 1,545,605 1,545,605 76,430 1.7881
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.