# Portfolio overlap — VTEAX vs SCMB Comparing **VANGUARD TAX-EXEMPT BOND INDEX FUND** (2026-01-31) and **Schwab Municipal Bond ETF** (2026-03-31). - Shared positions: 4107 - VANGUARD TAX-EXEMPT BOND INDEX FUND covered by Schwab Municipal Bond ETF: 0.2855249115106992806588072128 - Schwab Municipal Bond ETF covered by VANGUARD TAX-EXEMPT BOND INDEX FUND: 0.2855249115106992806588072128 ## VANGUARD TAX-EXEMPT BOND INDEX FUND — top positions | Security | Weight | Shared | |----------|--------|--------| | Vanguard Municipal Cash Management Fund | 0.008762 | | | NYC-D4 | 0.001288 | | | UNIV OF CALIFORNIA CA REVENUES REGD N/C B/E 5.00000000 | 0.001219 | | | MARYLAND ST-B-REF | 0.001204 | | | TRIBOROUGH NY BRIDGE & TUNNEL AUTH PAYROLL MOBILITY TAX | 0.001131 | | | SOUTH CAROLINA ST ASSN OF GOVTL ORGANIZATIONS COPS | 0.001098 | | | State of California, Series 2007 | 0.001088 | ✓ | | State of Colorado, Series B | 0.001085 | | | NYC TRANSITIONAL-A-1 | 0.000973 | ✓ | | PENNSYLVANIA ST HGR EDUCTNL FA PASHGR 11/61 ADJUSTABLE VAR | 0.000859 | | | NYC TRANSITIONAL-A-1 | 0.000835 | ✓ | | NEW YORK ST DORM AUTH REVENUES REGD B/E 5.50000000 | 0.000835 | ✓ | | OHIO ST UNIV REGD N/C B/E 5.00000000 | 0.000832 | ✓ | | State of New Jersey, Series 2020A | 0.000816 | ✓ | | NY ST DORM AUTH PIT 20D SF 4.0% 02-15-47 | 0.000815 | ✓ | | NY TRANS FIN AUTH-D-1 | 0.000809 | ✓ | | STATE OF MARYLAND DEPARTMENT OF TRANSPORTATION 5.0% 11-01-29 | 0.000779 | ✓ | | Salt River Project Agricultural Improvement & Power District, Series 2024, RB | 0.000778 | ✓ | | State of Illinois, Series C | 0.000778 | ✓ | | TNDR OPT-FLTRS-VRS222 | 0.000773 | | | NH MUNI BD BK-C | 0.000758 | | | NEW YORK NY | 0.000751 | | | LOS ANGELES UNIF SD-A | 0.000748 | ✓ | | OH WTR POL 5% 12/1/2033 | 0.000745 | | | NJ TRANSPRTN-A-REF | 0.000733 | | | Wisconsin State, General Obligation Bonds, Series 2026A | 0.000729 | | | LOS ANGELES UNIF SD-A | 0.000724 | ✓ | | STATE OF CALIFORNIA 5.0% 04-01-49 | 0.000717 | ✓ | | TX TRANSPRTN COMM-REF | 0.000709 | ✓ | | TX TRANSPRTN COMM-REF | 0.000706 | ✓ | | NEW YORK MUNI-AA-1 | 0.000706 | ✓ | | Salt River Project Agricultural Improvement & Power District, Series 2025, RB | 0.000705 | ✓ | | STATE OF NEW JERSEY 5.25% 06-15-55 | 0.000698 | ✓ | | State of Illinois, Series D | 0.000697 | ✓ | | OH ST WATER DEV AUTH | 0.000696 | ✓ | | NY TRANSITIONAL FIN-B | 0.000689 | | | NEW YORK-I-3 | 0.000687 | | | Austin Community College District, Series 2015, GO Bonds | 0.000679 | | | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE | 0.000677 | ✓ | | Tender Option Bond Trust Receipts/Certificates | 0.000669 | ✓ | | State of California, Various Purpose | 0.000666 | ✓ | | MINNESOTA ST-A-GRP-1 | 0.000664 | | | TRIBOROUGH NY BRIDGE TUNNEL TRBTRN 05/51 FIXED 5 | 0.000661 | ✓ | | STATE OF NEW YORK ST AID WITHHLDG 5.0% 07-15-35 | 0.000657 | ✓ | | JOBSOHIO BEVERAGE -A | 0.000656 | | | STATE OF CALIFORNIA | 0.000656 | ✓ | | STATE OF NEW JERSEY 5.0% 06-15-34 | 0.000653 | ✓ | | NJ TRANSPRTN TRUST-A | 0.000641 | ✓ | | CALIFORNIA ST EDUCTNL | 0.000641 | ✓ | | UNIV OF CALIFORNIA CA REVENUES REGD N/C B/E 5.00000000 | 0.000640 | ✓ | ## Schwab Municipal Bond ETF — top positions | Security | Weight | Shared | |----------|--------|--------| | NEW YORK NY | 0.002702 | | | MASSACHUSETTS ST | 0.002519 | ✓ | | Gwinnett County School District, Series 2025, GO Bonds | 0.002481 | ✓ | | NEW YORK-G-G-1 | 0.002406 | | | PENNSYLVANIA ST-1ST | 0.002368 | ✓ | | NASHVILLE& DAVIDSON-A | 0.002365 | ✓ | | NEW YORK NY | 0.002249 | | | NYC TRANSITIONAL-F-1 | 0.002226 | ✓ | | State of California Department of Water Resources | 0.002192 | ✓ | | State of Oregon Department of Transportation, Series 2024A | 0.002113 | | | NYC TRANSITIONAL-S-1A | 0.002043 | ✓ | | GWINNETT GA SD 5% 2/1/2032 | 0.002013 | | | LOS ANGELES UNIF SD-A | 0.001979 | ✓ | | WASHING ST -C | 0.001973 | ✓ | | Pennsylvania Turnpike Commission, Series 2023-1 | 0.001935 | ✓ | | NEW YORK CITY NY MUNI | 0.001919 | | | State of California | 0.001914 | ✓ | | Louisville & Jefferson County Metropolitan Sewer District, Series 2024A | 0.001913 | ✓ | | MASSACHUSETTS ST | 0.001827 | | | MASSACHUSETTS ST DEV FIN AGY R REGD N/C B/E 5.00000000 | 0.001798 | ✓ | | Washington (State of), Series 2018 C, GO Bonds | 0.001747 | ✓ | | State of Maryland, Series 2023A | 0.001726 | | | IN FIN REV 5% 2/1/2039 | 0.001706 | ✓ | | NYC NY 5% 8/1/2034 | 0.001697 | ✓ | | NORTHWEST TX INDEP SCH DIST REGD B/E PSF-GTD 5.00000000 | 0.001695 | ✓ | | STATE OF CALIFORNIA 5.0% 04-01-49 | 0.001695 | ✓ | | MTA HUDSON RAIL YRD-A | 0.001687 | ✓ | | State of Connecticut 4.00% 01/15/2035 | 0.001663 | ✓ | | STATE OF CALIFORNIA 5.0% 09-01-31 | 0.001652 | | | UNIV CA REGENTS-CE | 0.001643 | | | NY STATE UR D 5% 3/15/2036 | 0.001631 | ✓ | | NEW YORK ST DORM AUTH SALES TAX REVENUE | 0.001612 | ✓ | | Highland Park Independent School District, Series 2024 | 0.001612 | | | PRIV CLGS & UNIVS AUTH GA | 0.001611 | ✓ | | NYC WTR 5.25% 6/15/55 | 0.001611 | ✓ | | County of Wake, Series 2023A | 0.001608 | | | ILLINOIS FN RV 5% 4/1/2034 | 0.001604 | | | NYC TRANSITIONAL-E-1 | 0.001595 | ✓ | | City of Alexandria | 0.001587 | | | MA ST-A | 0.001572 | ✓ | | State of California, Series 2024 | 0.001565 | ✓ | | State of Connecticut | 0.001548 | ✓ | | UNIV OF CA REGENTS-BQ | 0.001545 | | | WA ST-SER R-2023A-REF | 0.001545 | ✓ | | OH TPK 5% 2/15/2046 | 0.001538 | ✓ | | Chicago Transit Authority, Series A | 0.001525 | ✓ | | NEW YORK-D | 0.001519 | ✓ | | GREAT LAKES WTR 5.25% 7/1/2047 | 0.001515 | | | WILLIAMSON CO-NTS | 0.001512 | ✓ | | Texas Water Development Board, Series 2020 | 0.001512 | ✓ | ## Sources - N-PORT (fund A) — accession `0000225997-26-000123` (as of 2026-01-31) - N-PORT (fund B) — accession `0001410368-26-050059` (as of 2026-03-31) --- _Informational only — not investment advice. FundWatcher presents publicly available data and makes no recommendation to buy or sell any security. Verify all figures against the source filing before relying on them._ _Data sourced from U.S. SEC EDGAR filings (Forms N-PORT, N-CEN, and prospectus Risk/Return summaries). FundWatcher is not affiliated with the SEC._ _Use of this data is subject to the FundWatcher Terms of Service. Information may be used only for personal, non-commercial research and may not be redistributed. See _