<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0101</schemaVersion>

    <submissionType>EFFECT</submissionType>

    <act>33</act>

    <testOrLive>LIVE</testOrLive>

    <effectiveData>
        <finalEffectivenessDispDate>2025-03-26</finalEffectivenessDispDate>
        <accessionNumber>0001683863-25-000122</accessionNumber>
        <submissionType>485APOS</submissionType>
        <filer>
            <cik>0000836906</cik>
            <entityName>VANGUARD MALVERN FUNDS</entityName>
            <fileNumber>033-23444</fileNumber>
            <seriesClassContractData>
                <existing>
                    <seriesId>S000091408</seriesId>
                    <seriesName>Short Duration Bond ETF</seriesName>
                    <classContractId>C000259071</classContractId>
                    <classContractName>ETF Shares</classContractName>
                </existing>
            </seriesClassContractData>
        </filer>
    </effectiveData>
</edgarSubmission>
