Each N-PORT filing of VPLS compared with the one before: positions added and dropped, the largest weight changes, turnover. Computed by Mulden from the filings; dated by filing period and SEC receipt.https://themulden.com/enhttps://themulden.com/funds/vpls/https://themulden.com/funds/vpls/2,574 positions became 2,833: 597 added (35.7% of the fund), 338 dropped (27.47%). Turnover proxy 41.4%. Largest increases: Vanguard Cmt Funds-Vanguard Market Liquidity Fund 0.41% to 1.67%; PMT Loan Trust 2026-INV1 0.11% to 1.05%; United States Treasury Note/Bond 0.07% to 0.33%; Ginnie Mae II Pool 0.02% to 0.16%; Morocco Government International Bond 0.25% to 0.35%; OCP SA 0.02% to 0.1%. Largest decreases: United States Treasury Note/Bond 0.62% to 0.18%; Agence Francaise de Developpement EPIC 0.34% to 0.02%; United States Treasury Note/Bond 0.37% to 0.07%; Central American Bank for Economic Integration 0.32% to 0.04%; United States Treasury Note/Bond 0.48% to 0.27%; United States Treasury Note/Bond 0.18% to 0.02%. New: Fannie Mae or Freddie Mac (2.31%), Fannie Mae REMICS (0.92%), Fannie Mae or Freddie Mac (0.86%), Fannie Mae REMICS (0.65%), NVIDIA Corp (0.63%), OBX 2026-INV2 Trust (0.61%). Gone: Fannie Mae or Freddie Mac (1.7%), Ginnie Mae II Pool (1.51%), United States Treasury Note/Bond (1.34%), Fannie Mae or Freddie Mac (1.29%), Fannie Mae or Freddie Mac (1.21%), Fannie Mae or Freddie Mac (0.83%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Fri, 28 Aug 2026 12:00:00 GMThttps://themulden.com/funds/vpls/https://themulden.com/funds/vpls/2,230 positions became 2,574: 618 added (38.12% of the fund), 274 dropped (20.36%). Turnover proxy 42.6%. Largest increases: Eskom Holdings 0.02% to 0.49%; Freddie Mac Pool 0.02% to 0.36%; United States Treasury Note/Bond 0.09% to 0.41%; Boeing Co/The 0.11% to 0.25%; Ecuador Government International Bond 0.01% to 0.14%; Foundry JV Holdco LLC 0.17% to 0.3%. Largest decreases: United States Treasury Note/Bond 0.87% to 0.28%; United States Treasury Note/Bond 1.85% to 1.34%; Vanguard Cmt Funds-Vanguard Market Liquidity Fund 0.91% to 0.41%; United States Treasury Note/Bond 0.53% to 0.12%; United States Treasury Note/Bond 0.82% to 0.59%; PMT Loan Trust 2025-INV11 0.39% to 0.16%. New: Fannie Mae or Freddie Mac (1.7%), Ginnie Mae II Pool (1.51%), Fannie Mae or Freddie Mac (1.29%), Fannie Mae or Freddie Mac (1.21%), Fannie Mae or Freddie Mac (0.83%), Fannie Mae or Freddie Mac (0.82%). Gone: United States Treasury Note/Bond (1.31%), United States Treasury Note/Bond (0.99%), Fannie Mae or Freddie Mac (0.9%), Fannie Mae or Freddie Mac (0.86%), United States Treasury Note/Bond (0.71%), United States Treasury Note/Bond (0.54%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Thu, 28 May 2026 12:00:00 GMThttps://themulden.com/funds/vpls/https://themulden.com/funds/vpls/2,174 positions became 2,230: 475 added (33.26% of the fund), 419 dropped (23.44%). Turnover proxy 40%. Largest increases: United States Treasury Note/Bond 0.1% to 0.54%; Serbia International Bond 0.04% to 0.44%; United States Treasury Note/Bond 0.03% to 0.4%; United States Treasury Note/Bond 0.13% to 0.48%; Petroleos Mexicanos 0.02% to 0.28%; Freddie Mac Pool 0.21% to 0.44%. Largest decreases: Vanguard Cmt Funds-Vanguard Market Liquidity Fund 1.54% to 0.91%; Fannie Mae-Aces 0.69% to 0.24%; Freddie Mac Multifamily Structured Pass Through Certificates 0.44% to 0.12%; Ecopetrol SA 0.24% to 0.04%; Fannie Mae-Aces 0.34% to 0.14%; United States Treasury Note/Bond 0.68% to 0.55%. New: United States Treasury Note/Bond (1.85%), United States Treasury Note/Bond (1.31%), United States Treasury Note/Bond (0.99%), Fannie Mae or Freddie Mac (0.9%), United States Treasury Note/Bond (0.87%), Fannie Mae or Freddie Mac (0.86%). Gone: United States Treasury Note/Bond (1.83%), Fannie Mae or Freddie Mac (1.39%), Fannie Mae or Freddie Mac (0.92%), United States Treasury Note/Bond (0.67%), United States Treasury Note/Bond (0.55%), Fannie Mae or Freddie Mac (0.48%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Thu, 26 Feb 2026 12:00:00 GMThttps://themulden.com/funds/vpls/https://themulden.com/funds/vpls/1,864 positions became 2,174: 551 added (38% of the fund), 241 dropped (21.21%). Turnover proxy 42.1%. Largest increases: United States Treasury Note/Bond 0.15% to 0.46%; United States Treasury Note/Bond 0.11% to 0.42%; United States Treasury Note/Bond 0.06% to 0.27%; Ecopetrol SA 0.07% to 0.24%; Deutsche Bank AG/New York NY 0.06% to 0.22%; Ginnie Mae II Pool 0.16% to 0.32%. Largest decreases: Tennessee Valley Authority 0.68% to 0.14%; United States Treasury Note/Bond 0.65% to 0.24%; Turkiye Government International Bond 0.37% to 0.06%; United States Treasury Note/Bond 0.41% to 0.12%; United States Treasury Note/Bond 0.39% to 0.11%; PMT Loan Trust 0.37% to 0.11%. New: United States Treasury Note/Bond (1.83%), Fannie Mae or Freddie Mac (1.39%), Fannie Mae or Freddie Mac (0.92%), Fannie Mae-Aces (0.69%), United States Treasury Note/Bond (0.68%), United States Treasury Note/Bond (0.67%). Gone: Fannie Mae or Freddie Mac (1.56%), Fannie Mae or Freddie Mac (0.67%), Fannie Mae or Freddie Mac (0.67%), Fannie Mae or Freddie Mac (0.65%), United States Treasury Note/Bond (0.53%), United States Treasury Note/Bond (0.49%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Tue, 25 Nov 2025 12:00:00 GMThttps://themulden.com/funds/vpls/https://themulden.com/funds/vpls/1,576 positions became 1,864: 445 added (33.26% of the fund), 157 dropped (18.17%). Turnover proxy 37.7%. Largest increases: Vanguard Cmt Funds-Vanguard Market Liquidity Fund 0.94% to 1.69%; United States Treasury Note/Bond 0.24% to 0.65%; United States Treasury Note/Bond 0.09% to 0.42%; United States Treasury Note/Bond 0.19% to 0.49%; Turkiye Government International Bond 0.19% to 0.37%; United States Treasury Note/Bond 0.07% to 0.24%. Largest decreases: United States Treasury Note/Bond 1.22% to 0.13%; United States Treasury Note/Bond 0.83% to 0.06%; United States Treasury Note/Bond 0.85% to 0.18%; United States Treasury Note/Bond 0.48% to 0.17%; United States Treasury Note/Bond 0.38% to 0.09%; United States Treasury Note/Bond 0.74% to 0.53%. New: Fannie Mae or Freddie Mac (1.56%), Tennessee Valley Authority (0.68%), Fannie Mae or Freddie Mac (0.67%), Fannie Mae or Freddie Mac (0.67%), Fannie Mae or Freddie Mac (0.65%), United States Treasury Note/Bond (0.51%). Gone: Fannie Mae or Freddie Mac (1.39%), United States Treasury Note/Bond (1.11%), Fannie Mae or Freddie Mac (0.85%), United States Treasury Note/Bond (0.79%), Fannie Mae or Freddie Mac (0.68%), Fannie Mae or Freddie Mac (0.66%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Wed, 27 Aug 2025 12:00:00 GMThttps://themulden.com/funds/vpls/https://themulden.com/funds/vpls/1,358 positions became 1,576: 449 added (48.31% of the fund), 231 dropped (30.22%). Turnover proxy 53.6%. Largest increases: United States Treasury Note/Bond 0.15% to 0.79%; Petroleos Mexicanos 0.1% to 0.32%; United States Treasury Note/Bond 0.17% to 0.38%; Vanguard Cmt Funds-Vanguard Market Liquidity Fund 0.73% to 0.94%; Boeing Co/The 0.01% to 0.18%; United States Treasury Note/Bond 0.1% to 0.26%. Largest decreases: United States Treasury Note/Bond 0.67% to 0.09%; Fannie Mae Pool 1.35% to 0.87%; Paraguay Government International Bond 0.5% to 0.14%; Fannie Mae Pool 0.9% to 0.58%; Colombia Government International Bond 0.45% to 0.14%; Fannie Mae Pool 0.8% to 0.52%. New: Fannie Mae or Freddie Mac (1.39%), United States Treasury Note/Bond (1.22%), United States Treasury Note/Bond (1.11%), Fannie Mae or Freddie Mac (0.85%), United States Treasury Note/Bond (0.83%), United States Treasury Note/Bond (0.74%). Gone: United States Treasury Note/Bond (2.15%), Fannie Mae or Freddie Mac (1.74%), European Union (1.17%), Fannie Mae or Freddie Mac (0.82%), Fannie Mae or Freddie Mac (0.78%), United States Treasury Note/Bond (0.77%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Wed, 28 May 2025 12:00:00 GMThttps://themulden.com/funds/vpls/https://themulden.com/funds/vpls/1,169 positions became 1,358: 380 added (31.5% of the fund), 191 dropped (22.96%). Turnover proxy 42.8%. Largest increases: United States Treasury Note/Bond 0.21% to 2.15%; United States Treasury Note/Bond 0.1% to 0.95%; United States Treasury Note/Bond 0.11% to 0.87%; Dominican Republic International Bond 0.17% to 0.65%; United States Treasury Note/Bond 0.19% to 0.67%; United States Treasury Note/Bond 0.31% to 0.77%. Largest decreases: Asian Development Bank 0.82% to 0.23%; Fannie Mae Pool 1.92% to 1.35%; Vanguard Cmt Funds-Vanguard Market Liquidity Fund 1.1% to 0.73%; Fannie Mae Pool 1.27% to 0.9%; Fannie Mae Pool 1.13% to 0.8%; Fannie Mae Pool 1.09% to 0.77%. New: Fannie Mae or Freddie Mac (1.74%), Fannie Mae or Freddie Mac (0.82%), Freddie Mac Pool (0.8%), Fannie Mae or Freddie Mac (0.78%), Fannie Mae or Freddie Mac (0.57%), United States Treasury Bill (0.53%). Gone: United States Treasury Bill (1.31%), United States Treasury Note/Bond (1.06%), United States Treasury Note/Bond (1%), United States Treasury Note/Bond (0.99%), Kreditanstalt fuer Wiederaufbau (0.77%), United States Treasury Note/Bond (0.72%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Fri, 28 Feb 2025 12:00:00 GMThttps://themulden.com/funds/vpls/https://themulden.com/funds/vpls/884 positions became 1,169: 389 added (47.18% of the fund), 104 dropped (29.87%). Turnover proxy 51.3%. Largest increases: United States Treasury Note/Bond 0.39% to 1%; United States Treasury Note/Bond 0.56% to 0.99%; United States Treasury Note/Bond 0.05% to 0.31%; Oman Government International Bond 0.23% to 0.47%; United States Treasury Note/Bond 0.28% to 0.49%; United States Treasury Note/Bond 0.04% to 0.25%. Largest decreases: Fannie Mae Pool 2.79% to 1.92%; United States Treasury Note/Bond 1.02% to 0.31%; Fannie Mae Pool 1.84% to 1.27%; Fannie Mae Pool 1.64% to 1.13%; Fannie Mae Pool 1.57% to 1.09%; United States Treasury Note/Bond 0.96% to 0.54%. New: United States Treasury Bill (1.31%), European Union (1.1%), United States Treasury Note/Bond (1.06%), European Investment Bank (0.82%), Asian Development Bank (0.82%), Ginnie Mae II Pool (0.82%). Gone: Fannie Mae or Freddie Mac (1.78%), Fannie Mae or Freddie Mac (1.55%), United States Treasury Note/Bond (1.05%), United States Treasury Note/Bond (1.04%), Fannie Mae or Freddie Mac (1.03%), United States Treasury Note/Bond (1%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Tue, 26 Nov 2024 12:00:00 GMThttps://themulden.com/funds/vpls/https://themulden.com/funds/vpls/736 positions became 884: 250 added (48.98% of the fund), 102 dropped (34.52%). Turnover proxy 53.2%. Largest increases: Fannie Mae Pool 0.76% to 1.57%; United States Treasury Note/Bond 0.11% to 0.39%; United States Treasury Note/Bond 0.15% to 0.4%; United States Treasury Note/Bond 0.41% to 0.65%; United States Treasury Note/Bond 0.35% to 0.59%; United States Treasury Note/Bond 0.11% to 0.34%. Largest decreases: United States Treasury Note/Bond 4.07% to 1.05%; United States Treasury Note/Bond 1.53% to 0.48%; United States Treasury Note/Bond 0.85% to 0.14%; United States Treasury Note/Bond 0.69% to 0.09%; United States Treasury Note/Bond 0.85% to 0.35%; United States Treasury Note/Bond 0.55% to 0.08%. New: Fannie Mae Pool (2.79%), Fannie Mae Pool (1.84%), Fannie Mae or Freddie Mac (1.78%), Fannie Mae Pool (1.64%), Fannie Mae or Freddie Mac (1.55%), Chile Government International Bond (1.09%). Gone: Fannie Mae or Freddie Mac (3.34%), Fannie Mae or Freddie Mac (2.59%), Fannie Mae or Freddie Mac (1.5%), United States Treasury Note/Bond (1.28%), United States Treasury Note/Bond (1.14%), Fannie Mae or Freddie Mac (1.08%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Tue, 27 Aug 2024 12:00:00 GMThttps://themulden.com/funds/vpls/https://themulden.com/funds/vpls/448 positions became 736: 349 added (70.18% of the fund), 61 dropped (20.63%). Turnover proxy 72.8%. Largest increases: Netflix Inc 0.17% to 0.6%; Cheniere Energy Partners LP 0.01% to 0.28%; General Motors Financial Co Inc 0.01% to 0.27%; Colombia Government International Bond 0.39% to 0.64%; United States Treasury Note/Bond 0.45% to 0.7%; United States Treasury Note/Bond 0.02% to 0.26%. Largest decreases: Vanguard Cmt Funds-Vanguard Market Liquidity Fund 10.85% to 1.32%; United States Treasury Note/Bond 4.99% to 0.35%; United States Treasury Note/Bond 4.1% to 0.95%; United States Treasury Note/Bond 4.14% to 1.14%; United States Treasury Note/Bond 2.07% to 0.43%; United States Treasury Note/Bond 1.59% to 0.06%. New: United States Treasury Note/Bond (4.07%), Fannie Mae or Freddie Mac (3.34%), Fannie Mae or Freddie Mac (2.59%), United States Treasury Note/Bond (1.53%), Fannie Mae or Freddie Mac (1.5%), United States Treasury Note/Bond (1.28%). Gone: Fannie Mae or Freddie Mac (2.46%), Ginnie Mae II Pool (2.02%), Fannie Mae or Freddie Mac (1.68%), Fannie Mae or Freddie Mac (1.16%), Ginnie Mae II Pool (1.12%), Fannie Mae or Freddie Mac (1.09%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Wed, 29 May 2024 12:00:00 GMT