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 |
|---|---|---|---|
| Southeast Energy Authority A Cooperative DistrictBond | 0.50% | $4.18M | 4,000,000 |
| Vanguard Cmt Funds-Vanguard Municipal Cash Management FundCash or money market | 0.41% | $3.44M | 34,411,659 |
| New Jersey Transportation Trust Fund AuthorityBond | 0.41% | $3.43M | 3,315,000 |
| Florida Municipal Power AgencyBond | 0.38% | $3.18M | 3,150,000 |
| California Community Choice Financing AuthorityBond | 0.38% | $3.16M | 3,165,000 |
| California Community Choice Financing AuthorityBond | 0.37% | $3.07M | 2,965,000 |
| Energy Southeast A Cooperative DistrictBond | 0.36% | $3.00M | 2,865,000 |
| Black Belt Energy Gas DistrictBond | 0.35% | $2.94M | 2,840,000 |
| Texas Municipal Gas Acquisition & Supply Corp IVBond | 0.35% | $2.93M | 2,795,000 |
| Southern California Public Power AuthorityBond | 0.34% | $2.81M | 2,695,000 |
| Southern California Public Power AuthorityBond | 0.33% | $2.78M | 2,655,000 |
| California Community Choice Financing AuthorityBond | 0.32% | $2.65M | 2,530,000 |
| Lower Colorado River AuthorityBond | 0.32% | $2.63M | 2,450,000 |
| Lower Colorado River AuthorityBond | 0.31% | $2.57M | 2,500,000 |
| California Community Choice Financing AuthorityBond | 0.29% | $2.45M | 2,430,000 |
| Kentucky Public Energy AuthorityBond | 0.29% | $2.41M | 2,355,000 |
| California Community Choice Financing AuthorityBond | 0.29% | $2.40M | 2,350,000 |
| California Community Choice Financing AuthorityBond | 0.28% | $2.37M | 2,285,000 |
| Metropolitan Transportation AuthorityBond | 0.28% | $2.34M | 2,210,000 |
| Southeast Energy Authority A Cooperative DistrictBond | 0.27% | $2.28M | 2,240,000 |
| Main Street Natural Gas IncBond | 0.26% | $2.14M | 2,125,000 |
| City of Minneapolis MNBond | 0.26% | $2.14M | 2,010,000 |
| Black Belt Energy Gas DistrictBond | 0.25% | $2.06M | 2,055,000 |
| Southern California Public Power AuthorityBond | 0.24% | $1.97M | 1,895,000 |
| Tarrant County Cultural Education Facilities Finance CorpBond | 0.24% | $1.97M | 1,855,000 |
| Energy Southeast A Cooperative DistrictBond | 0.23% | $1.95M | 1,930,000 |
| Kentucky Public Energy AuthorityBond | 0.23% | $1.95M | 1,850,000 |
| California Community Choice Financing AuthorityBond | 0.23% | $1.90M | 1,865,000 |
| California Community Choice Financing AuthorityBond | 0.23% | $1.88M | 1,830,000 |
| Lower Alabama Gas District/TheBond | 0.22% | $1.87M | 1,815,000 |
| Black Belt Energy Gas DistrictBond | 0.22% | $1.85M | 1,845,000 |
| Tennergy Corp/TNBond | 0.22% | $1.82M | 1,805,000 |
| Health & Educational Facilities Authority of the State of MissouriBond | 0.22% | $1.82M | 1,685,000 |
| Main Street Natural Gas IncBond | 0.22% | $1.81M | 1,755,000 |
| California Community Choice Financing AuthorityBond | 0.22% | $1.80M | 1,790,000 |
| Rutherford County Health & Educational Facilities BoardBond | 0.21% | $1.76M | 1,650,000 |
| Black Belt Energy Gas DistrictBond | 0.21% | $1.75M | 1,685,000 |
| Main Street Energy IncBond | 0.21% | $1.73M | 1,655,000 |
| Tennergy Corp/TNBond | 0.21% | $1.73M | 1,655,000 |
| California Community Choice Financing AuthorityBond | 0.21% | $1.72M | 1,670,000 |
| New York City Housing Development CorpBond | 0.20% | $1.70M | 1,700,000 |
| State of IllinoisBond | 0.20% | $1.66M | 1,610,000 |
| New Mexico Municipal Energy Acquisition AuthorityBond | 0.20% | $1.64M | 1,555,000 |
| Black Belt Energy Gas DistrictBond | 0.19% | $1.61M | 1,560,000 |
| University of Wisconsin Hospitals & ClinicsBond | 0.19% | $1.59M | 1,490,000 |
| California Community Choice Financing AuthorityBond | 0.19% | $1.59M | 1,575,000 |
| Texas Municipal Gas Acquisition and Supply Corp IBond | 0.19% | $1.58M | 1,565,000 |
| Black Belt Energy Gas DistrictBond | 0.19% | $1.55M | 1,500,000 |
| Kentucky Public Energy AuthorityBond | 0.19% | $1.54M | 1,530,000 |
| Black Belt Energy Gas DistrictBond | 0.18% | $1.53M | 1,500,000 |
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.