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

SecurityVTEB / Vanguard Municipal Bond Funds - Vanguard Tax-Exempt Bond ETF
InstitutionFmr Llc
Latest Disclosed Ownership20,319,509 shares
Latest Disclosed Value $ 1,013,740,342
Fmr Llc reports 0.85% decrease in ownership of VTEB / Vanguard Municipal Bond Funds - Vanguard Tax-Exempt Bond ETF

On May 15, 2026 - Fmr Llc filed a 13F-HR form disclosing ownership of 20,319,509 shares of Vanguard Municipal Bond Funds - Vanguard Tax-Exempt Bond ETF (US:VTEB) valued at $1,013,740,304 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 17, 2026 disclosing 20,493,631 shares of Vanguard Municipal Bond Funds - Vanguard Tax-Exempt Bond ETF. This represents a change in shares of -0.85% during the quarter. The current value of the position is $1,023,696,863 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 20,319,509 -174,122 -0.85 1,013,740 -1.64 0.0106
2026-02-17 2025-12-31 13F VANGUARD MUN BD FDS TAX EXEMPT BD 922907746 20,493,631 165,415 0.81 1,030,625 1.26 0.0525
2025-11-13 2025-09-30 13F VANGUARD MUN BD FDS TAX EXEMPT BD 922907746 20,328,216 532,968 2.69 1,017,834 4.87 0.0529
2025-08-14 2025-06-30 13F VANGUARD MUN BD FDS TAX EXEMPT BD 922907746 19,795,248 7,215,017 57.35 970,561 55.48 0.0547
2025-05-12 2025-03-31 13F VANGUARD MUN BD FDS TAX EXEMPT BD 922907746 12,580,231 -741,912 -5.57 624,231 -6.53 0.0399
2025-02-13 2024-12-31 13F VANGUARD MUN BD FDS TAX EXEMPT BD 922907746 13,322,143 -442,970 -3.22 667,839 -5.09 0.0399
2024-11-13 2024-09-30 13F VANGUARD MUN BD FDS TAX EXEMPT BD 922907746 13,765,113 -3,405,459 -19.83 703,673 -18.22 0.0428
2024-08-13 2024-06-30 13F VANGUARD MUN BD FDS TAX EXEMPT BD 922907746 17,170,572 -1,312,898 -7.10 860,417 -8.00 0.0551
2024-05-13 2024-03-31 13F VANGUARD MUN BD FDS TAX EXEMPT BD 922907746 18,483,470 -685,001 -3.57 935,264 -4.42 0.0628
2024-02-13 2023-12-31 13F VANGUARD MUN BD FDS TAX EXEMPT BD 922907746 19,168,471 3,660,355 23.60 978,550 31.18 0.0752
2023-11-13 2023-09-30 13F VANGUARD MUN BD FDS TAX EXEMPT BD 922907746 15,508,116 1,498,184 10.69 745,940 6.02 0.0645
2023-08-11 2023-06-30 13F VANGUARD MUN BD FDS TAX EXEMPT BD 922907746 14,009,932 3,003,668 27.29 703,579 26.18 0.0590
2023-08-11 2023-03-31 13F/A-1 VANGUARD MUN BD FDS TAX EXEMPT BD 922907746 11,006,264 2,463,380 28.84 557,577 31.88 0.0510
2023-05-11 2023-03-31 13F VANGUARD MUN BD FDS TAX EXEMPT BD 922907746 11,006,264 2,463,380 557,577 0.0101
2023-02-13 2022-12-31 13F VANGUARD MUN BD FDS TAX EXEMPT BD 922907746 8,542,884 2,039,645 31.36 422,787 35.05 0.0420
2022-11-10 2022-09-30 13F VANGUARD MUN BD FDS TAX EXEMPT BD 922907746 6,503,239 2,234,191 52.33 313,066 46.90 0.0326
2022-08-12 2022-06-30 13F VANGUARD MUN BD FDS TAX EXEMPT BD 922907746 4,269,048 600,915 16.38 213,111 12.70 0.0212
2022-05-13 2022-03-31 13F VANGUARD MUN BD FDS TAX EXEMPT BD 922907746 3,668,133 3,344,865 1,034.70 189,092 965.25 0.0151
2022-02-14 2021-12-31 13F VANGUARD MUN BD FDS TAX EXEMPT BD 922907746 323,268 -17,083 -5.02 17,751 -4.77 0.0013
2022-02-14 2021-09-30 13F/A-1 VANGUARD MUN BD FDS TAX EXEMPT BD 922907746 340,351 74,984 28.26 18,641 27.03 0.0015
2021-11-15 2021-09-30 13F VANGUARD MUN BD FDS TAX EXEMPT BD 922907746 340,351 74,984 18,641 0.0003
2021-08-13 2021-06-30 13F VANGUARD MUN BD FDS TAX EXEMPT BD 922907746 265,367 72,213 37.39 14,675 39.05 0.0011
2021-05-14 2021-03-31 13F VANGUARD MUN BD FDS TAX EXEMPT BD 922907746 193,154 56,936 41.80 10,554 40.38 0.0009
2021-02-08 2020-12-31 13F VANGUARD MUN BD FDS TAX EXEMPT BD 922907746 136,218 20,187 17.40 7,518 19.01 0.0007
2020-11-13 2020-09-30 13F VANGUARD MUN BD FDS TAX EXEMPT BD 922907746 116,031 8,827 8.23 6,317 8.84 0.0006
2020-08-24 2020-06-30 13F/A-1 VANGUARD MUN BD FDS TAX EXEMPT BD 922907746 107,204 36,967 52.63 5,804 56.23 0.0006
2020-08-13 2020-06-30 13F VANGUARD MUN BD FDS TAX EXEMPT BD 922907746 107,204 36,967 5,804 142.5873
2020-05-14 2020-03-31 13F VANGUARD MUN BD FD TAX EXEMPT BD 922907746 70,237 32,948 88.36 3,715 86.12 0.0005
2020-02-07 2019-12-31 13F VANGUARD MUN BD FD TAX EXEMPT BD 922907746 37,289 4,468 13.61 1,996 13.41 0.0002
2019-11-13 2019-09-30 13F VANGUARD MUN BD FD TAX EXEMPT BD 922907746 32,821 9,002 37.79 1,760 39.24 0.0002
2019-08-13 2019-06-30 13F VANGUARD MUN BD FD TAX EXEMPT BD 922907746 23,819 5,306 28.66 1,264 30.71 0.0001
2019-05-13 2019-03-31 13F VANGUARD MUN BD FD TAX EXEMPT BD 922907746 18,513 17,228 1,340.70 967 1,387.69 0.0001
2019-02-13 2018-12-31 13F VANGUARD MUN BD FD TAX EXEMPT BD 922907746 1,285 -2,089 -61.91 65 -61.76 0.0000
2018-11-09 2018-09-30 13F VANGUARD MUN BD FD TAX EXEMPT BD 922907746 3,374 3,374 170 0.0000
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.