Vanguard Municipal Bond Funds - Vanguard Tax-Exempt Bond ETF
US ˙ ARCA ˙ US9229077469

SecurityVTEB / Vanguard Municipal Bond Funds - Vanguard Tax-Exempt Bond ETF
InstitutionAdvisory Services Network, LLC
Latest Disclosed Ownership95,668 shares
Latest Disclosed Value $ 4,772,870
Advisory Services Network, LLC reports 11.12% increase in ownership of VTEB / Vanguard Municipal Bond Funds - Vanguard Tax-Exempt Bond ETF

On May 15, 2026 - Advisory Services Network, LLC filed a 13F-HR form disclosing ownership of 95,668 shares of Vanguard Municipal Bond Funds - Vanguard Tax-Exempt Bond ETF (US:VTEB) valued at $4,772,877 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 17, 2026 disclosing 86,092 shares of Vanguard Municipal Bond Funds - Vanguard Tax-Exempt Bond ETF. This represents a change in shares of 11.12% during the quarter. The current value of the position is $4,819,754 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)
2026-05-15 2026-03-31 13F VANGUARD TAX-EXEMPT BOND ETF ETF 922907746 95,668 9,576 11.12 4,773 10.23 0.0441
2026-02-17 2025-12-31 13F VANGUARD TAX-EXEMPT BOND ETF ETF 922907746 86,092 13,295 18.26 4,330 18.80 0.0613
2025-11-18 2025-09-30 13F VANGUARD MUN BD FDS ETF 922907746 72,797 -32,513 -30.87 3,645 -28.91 0.0535
2025-08-19 2025-06-30 13F VANGUARD MUN BD FDS ETF 922907746 105,310 22,594 27.32 5,126 24.90 0.0825
2025-05-15 2025-03-31 13F VANGUARD MUN BD FDS ETF 922907746 82,716 5,132 6.61 4,104 5.53 0.0789
2025-02-13 2024-12-31 13F VANGUARD MUN BD FDS ETF 922907746 77,584 -3,020 -3.75 3,889 -3.71 0.0725
2024-11-14 2024-09-30 13F VANGUARD MUN BD FDS ETF 922907746 80,604 0 0.00 4,039 0.00 0.0835
2024-08-13 2024-06-30 13F VANGUARD MUN BD FDS ETF 922907746 80,604 2,184 2.79 4,039 1.79 0.0835
2024-05-06 2024-03-31 13F VANGUARD MUN BD FDS ETF 922907746 78,420 -13,180 -14.39 3,968 -15.14 0.0880
2024-02-09 2023-12-31 13F VANGUARD MUN BD FDS ETF 922907746 91,600 28,872 46.03 4,676 54.99 0.1143
2023-11-14 2023-09-30 13F VANGUARD MUN BD FDS ETF 922907746 62,728 9,193 17.17 3,017 12.24 0.0810
2023-08-09 2023-06-30 13F VANGUARD MUN BD FDS ETF 922907746 53,535 -197 -0.37 2,689 -1.25 0.0716
2023-05-17 2023-03-31 13F VANGUARD MUN BD FDS ETF 922907746 53,732 1,382 2.64 2,722 5.10 0.0754
2023-02-13 2022-12-31 13F VANGUARD MUN BD FDS ETF 922907746 52,350 19,072 57.31 2,591 61.67 0.0794
2022-11-14 2022-09-30 13F VANGUARD MUN BD FDS ETF 922907746 33,278 -3,842 -10.35 1,602 -13.55 0.0565
2022-08-02 2022-06-30 13F VANGUARD MUN BD FDS ETF 922907746 37,120 -1,622 -4.19 1,853 -7.21 0.0634
2022-05-23 2022-03-31 13F VANGUARD MUN BD FDS ETF 922907746 38,742 -5,044 -11.52 1,997 -16.93 0.0588
2022-02-14 2021-12-31 13F VANGUARD MUN BD FDS ETF 922907746 43,786 -9,701 -18.14 2,404 -17.92 0.0692
2021-11-05 2021-09-30 13F VANGUARD MUN BD FDS ETF 922907746 53,487 -30 -0.06 2,929 -1.01 0.0931
2021-08-12 2021-06-30 13F VANGUARD MUN BD FDS ETF 922907746 53,517 6,959 14.95 2,959 16.31 0.0933
2021-05-24 2021-03-31 13F VANGUARD MUN BD FDS ETF 922907746 46,558 1,160 2.56 2,544 1.52 0.0945
2021-02-09 2020-12-31 13F VANGUARD MUN BD FDS ETF 922907746 45,398 -7,479 -14.14 2,506 -12.96 0.1006
2020-11-16 2020-09-30 13F VANGUARD MUN BD FDS ETF 922907746 52,877 -2,895 -5.19 2,879 -4.64 0.1355
2020-08-10 2020-06-30 13F VANGUARD TAX-EXEMPT BOND ETF ETF 922907746 55,772 12,788 29.75 3,019 32.76 0.1657
2020-05-15 2020-03-31 13F VANGUARD MUN BD FD ETF 922907746 42,984 -1,474 -3.32 2,274 -4.45 0.1487
2020-02-04 2019-12-31 13F VANGUARD MUN BD FD ETF 922907746 44,458 1,854 4.35 2,380 5.26 0.1252
2019-11-04 2019-09-30 13F VANGUARD MUN BD FD ETF 922907746 42,604 0 0.00 2,261 0.00 0.1385
2019-08-01 2019-06-30 13F VANGUARD MUN BD FD ETF 922907746 42,604 -20 -0.05 2,261 1.71 0.1386
2019-05-20 2019-03-31 13F VANGUARD MUN BD FD ETF 922907746 42,624 703 1.68 2,223 3.88 0.1562
2019-02-15 2018-12-31 13F VANGUARD MUN BD FD ETF 922907746 41,921 47 0.11 2,140 1.18 0.1868
2018-11-02 2018-09-30 13F VANGUARD MUN BD FD ETF 922907746 41,874 -1,152 -2.68 2,115 -3.56 0.1544
2018-07-27 2018-06-30 13F VANGUARD MUN BD FD ETF 922907746 43,026 16,813 64.14 2,193 64.64 0.1671
2018-04-23 2018-03-31 13F VANGUARD MUN BD FD ETF 922907746 26,213 986 3.91 1,332 2.15 0.1064
2018-02-08 2017-12-31 13F VANGUARD MUN BD FD ETF 922907746 25,227 2,000 8.61 1,304 8.67 0.1137
2017-10-12 2017-09-30 13F VANGUARD MUN BD FD ETF 922907746 23,227 -96 -0.41 1,200 0.25 0.1374
2017-08-17 2017-06-30 13F VANGUARD TAX-EXEMPT BOND ETF ETF 922907746 23,323 5,923 34.04 1,197 35.87 0.1560
2017-04-28 2017-03-31 13F VANGUARD TAX-EXEMPT BOND ETF ETF 922907746 17,400 8,000 85.11 881 79.43 0.1280
2016-10-07 2016-09-30 13F VANGUARD MUN BD FD ETF 922907746 9,400 0 0.00 491 -0.81 0.0923
2016-07-27 2016-06-30 13F VANGUARD MUN BD FD ETF 922907746 9,400 9,400 495 0.1125
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.