VSDM
VANGUARD SHORT DURATION TAX-EXEMPT BOND ETF
VANGUARD MUNICIPAL BOND FUNDS
ETF

Portfolio concentration

As of January 31, 2026 · N-PORT
Holdings
1905
Top-10 weight
4.87%
Effective holdings ?
798
Crowding ?
20.3

Holdings

As of January 31, 2026 · N-PORT
#SecurityTickerSharesValue% of fund
1 Vanguard Municipal Cash Management Fund 36,005,279 $3.60M 0.84%
2 TX TMGUTL 01/01/2054 TMGUTL 2,590,000 $2.77M 0.65%
3 CALIFORNIA COMMUNITY VAR CCEDEV 2,230,000 $2.26M 0.53%
4 MAIN STR NAT GA 4% 07/01/2052 MT MAIUTL 2,015,000 $2.05M 0.48%
5 Public Energy Authority of Kentucky, Gas Supply Revenue Bonds, Refunding Series 2025A KYSPWR 1,700,000 $1.81M 0.42%
6 TENNERGY CORP TN GAS REVENUE TENNERGY CORP/TN TGYPWR 1,605,000 $1.70M 0.40%
7 NM MUNI ENERGY ACQ AU 1,555,000 $1.66M 0.39%
8 BLACK BELT ENERGY GAS VAR BBEUTL 1,600,000 $1.64M 0.38%
9 California (State of) Community Choice Financing Authority (Green Bonds), Series 2023 D, RB CCEDEV 1,540,000 $1.63M 0.38%
10 LOWER CO RIVER AUTH-B LWCGEN 1,450,000 $1.62M 0.38%
11 STATE OF ILLINOIS 5.0% 05-01-33 1,435,000 $1.60M 0.38%
12 California (State of) Community Choice Financing Authority (Clean Energy) (Green Bonds), Series 2024, RB CCEDEV 1,505,000 $1.59M 0.37%
13 SOUDERTON AREA SD 1,515,000 $1.57M 0.37%
14 FRT SMTH AR W and S 5% 10/1/2031 1,430,000 $1.51M 0.35%
15 UNIV WI HOSP CLINIC-B 1,340,000 $1.48M 0.35%
16 HIDALGO DRN #1-UNREF 1,450,000 $1.45M 0.34%
17 NY NY CITY HS(NEW YORK MHSG) 3.25% 2/1/30 MT 65 1,430,000 $1.44M 0.34%
18 Public Energy Authority of Kentucky, Gas Supply Revenue Bonds, Series 2022A-1 1,425,000 $1.44M 0.34%
19 STHRN CA PUB PWR-A STNPWR 1,340,000 $1.43M 0.34%
20 PATRIOTS EN GRP 5.25% MT PEGUTL 1,320,000 $1.42M 0.33%
21 MINNEAPOLS MN 5% MT 1,295,000 $1.38M 0.32%
22 California Community Choice Financing Authority, Series B-1 1,285,000 $1.36M 0.32%
23 SOUTHEAST ENERGY AUTH VAR SEEPWR 1,260,000 $1.35M 0.32%
24 MINNEAPOLIS MN HLTH CARE SYS R REGD V/R B/E 5.00000000 1,200,000 $1.32M 0.31%
25 Energy Southeast Cooperative District, Alabama, Energy Supply Revenue Bonds, Series 2025B ESDPWR 1,250,000 $1.32M 0.31%
26 BLACK BELT ENERGY GAS VAR BBEUTL 1,235,000 $1.29M 0.30%
27 TARRANT TX EDFC 5% MT 1,120,000 $1.27M 0.30%
28 Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement Asset-Backed Revenue Bonds, Refunding Senior Lien Series 2020A-2 Class 1 BUCGEN 1,180,000 $1.25M 0.29%
29 SOUTHEAST ENERGY AUTH VAR SEEPWR 1,225,000 $1.25M 0.29%
30 California Community Choice Financing Authority, Series F CCEDEV 1,140,000 $1.23M 0.29%
31 TX TRANSPRTN-B-REF TXSTRN 1,130,000 $1.23M 0.29%
32 WAUKEGAN-B 1,185,000 $1.21M 0.28%
33 LOWER AL GAS DT-A-REF LWRUTL 1,130,000 $1.20M 0.28%
34 California Community Choice Financing Authority, Series C CCEDEV 1,130,000 $1.20M 0.28%
35 TENNERGY CORP TN GAS REVENUE TGYPWR 10/53 ADJUSTABLE VAR 1,100,000 $1.18M 0.28%
36 NY TRANS FIN AUTH-D-1 1,000,000 $1.17M 0.27%
37 TARRANT EFFC HO 5% MT TAREDU 1,065,000 $1.16M 0.27%
38 COOK CO SD #78 1,025,000 $1.13M 0.27%
39 RESTRUCTURED-SER A1 PRC 1,095,000 $1.12M 0.26%
40 TX NSDSCD 08/01/2054 NSDSCD 1,085,000 $1.10M 0.26%
41 SOUTHEAST ENERGY AUTH VAR SEEPWR 1,020,000 $1.09M 0.26%
42 SOUTHEAST ENERGY-E SEEPWR 1,000,000 $1.09M 0.25%
43 Bay Area Toll Authority, Series 2021 A 1,100,000 $1.08M 0.25%
44 Southeast Energy Authority, Alabama, Commodity Supply Revenue Bonds, Project 2, Series 2021B-1 1,065,000 $1.07M 0.25%
45 MAIN STR NAT GA 5% MT MAIUTL 1,000,000 $1.06M 0.25%
46 JOHNSON HLTH & EDU 960,000 $1.06M 0.25%
47 MAIN STR NAT GA 5% MT MAIUTL 1,000,000 $1.06M 0.25%
48 PHILA PA SD 5% 09/01/34 1,000,000 $1.05M 0.25%
49 NORTH CAROLINA CAPITAL FACILIT NCSEDU 05/33 FIXED 4 NCSEDU 1,000,000 $1.05M 0.25%
50 BLACK BELT GAS DT-E 970,000 $1.03M 0.24%
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