Vanguard Municipal Bond Funds. Holdings as of Jul 31, 2026, from Form N-PORT.
Share of net assets at the report date, for the whole fund across all share classes.
| Holding | Weight | Value | Shares or units |
|---|---|---|---|
| Vanguard Cmt Funds-Vanguard Municipal Cash Management FundCash or money market | 1.62% | $29.10M | 291,010,482 |
| New Issuer: BB Company ID:041064767Bond | 0.84% | $15.12M | 15,025,000 |
| Black Belt Energy Gas DistrictBond | 0.75% | $13.45M | 13,395,000 |
| Commonwealth of Massachusetts Transportation Fund RevenueBond | 0.67% | $12.07M | 12,000,000 |
| Black Belt Energy Gas DistrictBond | 0.64% | $11.54M | 11,145,000 |
| Kentucky Public Energy AuthorityBond | 0.56% | $10.05M | 10,000,000 |
| Chicago O'Hare International AirportBond | 0.56% | $10.02M | 10,000,000 |
| Jefferson Sales Tax DistrictBond | 0.55% | $9.88M | 9,750,000 |
| Black Belt Energy Gas DistrictBond | 0.48% | $8.59M | 8,315,000 |
| PEFA IncBond | 0.47% | $8.36M | 7,975,000 |
| Texas Department of Housing & Community AffairsBond | 0.46% | $8.30M | 7,500,000 |
| Public Finance AuthorityBond | 0.44% | $7.89M | 7,678,010 |
| Energy Southeast A Cooperative DistrictBond | 0.44% | $7.85M | 7,785,000 |
| Las Vegas Convention & Visitors AuthorityBond | 0.43% | $7.64M | 7,500,000 |
| Massachusetts Development Finance AgencyBond | 0.42% | $7.61M | 7,500,000 |
| Grand Parkway Transportation CorpBond | 0.41% | $7.35M | 7,235,000 |
| Geisinger AuthorityBond | 0.41% | $7.28M | 7,255,000 |
| Indiana Finance AuthorityBond | 0.40% | $7.21M | 7,200,000 |
| California Community Choice Financing AuthorityBond | 0.39% | $6.96M | 6,715,000 |
| South Carolina State Housing Finance & Development AuthorityBond | 0.39% | $6.93M | 7,000,000 |
| Texas Municipal Gas Acquisition & Supply Corp IVBond | 0.38% | $6.85M | 6,530,000 |
| Pennsylvania Housing Finance AgencyBond | 0.37% | $6.62M | 6,000,000 |
| St Tammany Parish Hospital Service District No 1Bond | 0.36% | $6.55M | 6,000,000 |
| Southeast Energy Authority A Cooperative DistrictBond | 0.35% | $6.34M | 6,280,000 |
| California Public Finance AuthorityBond | 0.35% | $6.33M | 6,765,000 |
| New York State Environmental Facilities CorpBond | 0.35% | $6.30M | 6,235,000 |
| Black Belt Energy Gas DistrictBond | 0.35% | $6.29M | 6,050,000 |
| McPherson County Unified School District No 418 McPhersonBond | 0.35% | $6.22M | 6,000,000 |
| Omaha Public Facilities CorpBond | 0.35% | $6.20M | 6,000,000 |
| Pennsylvania Turnpike CommissionBond | 0.34% | $6.14M | 5,990,000 |
| Minnesota Municipal Gas AgencyBond | 0.34% | $6.14M | 6,000,000 |
| Lower Alabama Gas District/TheBond | 0.34% | $6.08M | 5,910,000 |
| California Community Choice Financing AuthorityBond | 0.34% | $6.03M | 5,910,000 |
| Southeast Energy Authority A Cooperative DistrictBond | 0.33% | $6.01M | 5,985,000 |
| County of Cook IL Sales Tax RevenueBond | 0.32% | $5.73M | 5,520,000 |
| Boston Water & Sewer CommissionBond | 0.31% | $5.62M | 7,000,000 |
| New Jersey Economic Development AuthorityBond | 0.31% | $5.61M | 5,475,000 |
| California Community Choice Financing AuthorityBond | 0.30% | $5.32M | 5,175,000 |
| Black Belt Energy Gas DistrictBond | 0.29% | $5.26M | 5,000,000 |
| Texas Water Development BoardBond | 0.29% | $5.22M | 5,145,000 |
| Chicago Board of EducationBond | 0.29% | $5.16M | 4,800,000 |
| Southern California Public Power AuthorityBond | 0.29% | $5.15M | 4,915,000 |
| City of New York NYBond | 0.29% | $5.15M | 4,730,000 |
| Shaler Area School District/PABond | 0.29% | $5.13M | 4,825,000 |
| City of New York NYBond | 0.28% | $5.10M | 5,020,000 |
| New York State Dormitory AuthorityBond | 0.28% | $5.06M | 5,000,000 |
| California Public Finance AuthorityBond | 0.28% | $5.05M | 5,080,000 |
| Burleson Independent School DistrictBond | 0.28% | $5.03M | 5,000,000 |
| Metropolitan Government of Nashville & Davidson County TN Water & Sewer RevenueBond | 0.28% | $4.98M | 4,950,000 |
| North Texas Tollway AuthorityBond | 0.27% | $4.88M | 4,825,000 |
Holdings from the fund's latest Form N-PORT; expense ratio (net of fee waivers) from the risk/return summary of its prospectus; fund type from Form N-CEN. Prices are end-of-day closes adjusted for splits; total return also reinvests distributions.