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

SecurityVTEB / Vanguard Municipal Bond Funds - Vanguard Tax-Exempt Bond ETF
InstitutionFiduciary Trust Co
Latest Disclosed Ownership294,858 shares
Latest Disclosed Value $ 14,710,466
Fiduciary Trust Co reports 2.40% decrease in ownership of VTEB / Vanguard Municipal Bond Funds - Vanguard Tax-Exempt Bond ETF

On May 15, 2026 - Fiduciary Trust Co filed a 13F-HR form disclosing ownership of 294,858 shares of Vanguard Municipal Bond Funds - Vanguard Tax-Exempt Bond ETF (US:VTEB) valued at $14,710,466 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 302,118 shares of Vanguard Municipal Bond Funds - Vanguard Tax-Exempt Bond ETF. This represents a change in shares of -2.40% during the quarter. The current value of the position is $14,854,946 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 MUN BD FDS TAX EXEMPT BD 922907746 294,858 -7,260 -2.40 14,710 -3.18 0.1012
2026-02-13 2025-12-31 13F VANGUARD MUN FD INC TAX EXEMPT BD 922907746 302,118 4,627 1.56 15,194 2.00 0.1727
2025-11-14 2025-09-30 13F VANGUARD MUN FD INC TAX EXEMPT BD 922907746 297,491 89,561 43.07 14,895 46.12 0.1687
2025-08-14 2025-06-30 13F VANGUARD MUN FD INC TAX EXEMPT BD 922907746 207,930 16,601 8.68 10,195 7.38 0.1254
2025-05-15 2025-03-31 13F VANGUARD MUN FD INC TAX EXEMPT BD 922907746 191,329 -8,791 -4.39 9,494 -5.37 0.1243
2025-02-14 2024-12-31 13F VANGUARD MUN FD INC TAX EXEMPT BD 922907746 200,120 13,103 7.01 10,032 4.94 0.1324
2024-11-14 2024-09-30 13F VANGUARD MUN FD INC TAX EXEMPT BD 922907746 187,017 131 0.07 9,560 2.09 0.1335
2024-08-14 2024-06-30 13F VANGUARD MUN FD INC TAX EXEMPT BD 922907746 186,886 -18,947 -9.21 9,365 -10.09 0.1406
2024-05-14 2024-03-31 13F VANGUARD MUN FD INC TAX EXEMPT BD 922907746 205,833 -4,172 -1.99 10,415 -2.85 0.1598
2024-02-12 2023-12-31 13F VANGUARD MUN FD INC TAX EXEMPT BD 922907746 210,005 69,794 49.78 10,721 58.96 0.1791
2023-11-14 2023-09-30 13F VANGUARD MUN FD INC TAX EXEMPT BD 922907746 140,211 -101,488 -41.99 6,744 -44.44 0.1233
2023-08-01 2023-06-30 13F VANGUARD MUN FD INC TAX EXEMPT BD 922907746 241,699 4,133 1.74 12,138 0.86 0.2139
2023-05-15 2023-03-31 13F VANGUARD MUN FD INC TAX EXEMPT BD 922907746 237,566 18,149 8.27 12,035 10.84 0.2232
2023-02-14 2022-12-31 13F VANGUARD MUN FD INC TAX EXEMPT BD 922907746 219,417 111,336 103.01 10,859 108.69 0.2113
2022-11-14 2022-09-30 13F VANGUARD MUN FD INC TAX EXEMPT BD 922907746 108,081 14,714 15.76 5,203 11.63 0.1126
2022-08-12 2022-06-30 13F VANGUARD MUN FD INC TAX EXEMPT BD 922907746 93,367 -121,176 -56.48 4,661 -57.85 0.0982
2022-05-12 2022-03-31 13F VANGUARD MUN FD INC TAX EXEMPT BD 922907746 214,543 196,281 1,074.81 11,059 1,002.59 0.1983
2022-02-14 2021-12-31 13F VANGUARD MUN FD INC TAX EXEMPT BD 922907746 18,262 635 3.60 1,003 3.83 0.0165
2021-11-12 2021-09-30 13F VANGUARD MUN FD INC TAX EXEMPT BD 922907746 17,627 -505 -2.79 966 -3.69 0.0172
2021-08-16 2021-06-30 13F VANGUARD MUN FD INC TAX EXEMPT BD 922907746 18,132 1,143 6.73 1,003 7.97 0.0194
2021-05-19 2021-03-31 13F VANGUARD MUN FD INC TAX EXEMPT BD 922907746 16,989 2,865 20.28 929 19.10 0.0189
2021-01-26 2020-12-31 13F VANGUARD MUN FD INC TAX EXEMPT BD 922907746 14,124 2,668 23.29 780 25.00 0.0163
2020-11-13 2020-09-30 13F VANGUARD MUN FD INC TAX EXEMPT BD 922907746 11,456 7,013 157.84 624 158.92 0.0147
2020-08-13 2020-06-30 13F VANGUARD MUN FD INC TAX EXEMPT BD 922907746 4,443 4,443 241 0.0060
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.