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 | 0.67% | $326.44M | 3,264,427,449 |
| City of New York NYBond | 0.12% | $56.97M | 51,785,000 |
| University of CaliforniaBond | 0.11% | $53.75M | 47,245,000 |
| State of IdahoBond | 0.10% | $50.58M | 50,000,000 |
| State of CaliforniaBond | 0.10% | $48.68M | 43,900,000 |
| State of MarylandBond | 0.09% | $45.51M | 40,890,000 |
| New York State Thruway AuthorityBond | 0.09% | $43.76M | 39,235,000 |
| Triborough Bridge & Tunnel AuthorityBond | 0.09% | $41.34M | 40,000,000 |
| Dallas Independent School DistrictBond | 0.08% | $39.77M | 37,660,000 |
| Ohio Water Development Authority Water Pollution Control Loan FundBond | 0.08% | $39.19M | 34,850,000 |
| Energy NorthwestBond | 0.08% | $38.91M | 34,805,000 |
| New York State Dormitory AuthorityBond | 0.08% | $38.03M | 35,610,000 |
| New Jersey Turnpike AuthorityBond | 0.08% | $38.01M | 34,500,000 |
| State of IllinoisBond | 0.08% | $37.67M | 36,735,000 |
| Energy NorthwestBond | 0.08% | $37.27M | 34,430,000 |
| Kentucky State Property & Building CommissionBond | 0.08% | $37.20M | 35,940,000 |
| Metropolitan Government of Nashville & Davidson County TNBond | 0.08% | $36.99M | 33,665,000 |
| State of IllinoisBond | 0.08% | $36.88M | 36,075,000 |
| Ohio State University/TheBond | 0.08% | $36.79M | 32,730,000 |
| New York State Thruway AuthorityBond | 0.07% | $35.81M | 33,155,000 |
| Salt River Project Agricultural Improvement & Power DistrictBond | 0.07% | $35.48M | 33,775,000 |
| New York City Transitional Finance Authority Future Tax Secured RevenueBond | 0.07% | $35.41M | 31,855,000 |
| New Jersey Transportation Trust Fund AuthorityBond | 0.07% | $35.18M | 34,050,000 |
| Los Angeles Department of Water & PowerBond | 0.07% | $34.48M | 32,520,000 |
| New York City Transitional Finance Authority Future Tax Secured RevenueBond | 0.07% | $34.04M | 31,845,000 |
| New Jersey Transportation Trust Fund AuthorityBond | 0.07% | $33.90M | 33,865,000 |
| University of CaliforniaBond | 0.07% | $33.60M | 31,120,000 |
| City of New York NYBond | 0.07% | $33.36M | 30,665,000 |
| Triborough Bridge & Tunnel Authority Sales Tax RevenueBond | 0.07% | $33.28M | 32,525,000 |
| New York City Transitional Finance Authority Future Tax Secured RevenueBond | 0.07% | $33.11M | 30,000,000 |
| New York State Thruway AuthorityBond | 0.07% | $32.25M | 29,125,000 |
| State of WisconsinBond | 0.07% | $31.85M | 28,855,000 |
| New York City Transitional Finance Authority Future Tax Secured RevenueBond | 0.07% | $31.79M | 30,640,000 |
| New York State Thruway AuthorityBond | 0.06% | $31.24M | 29,700,000 |
| Salt River Project Agricultural Improvement & Power DistrictBond | 0.06% | $31.13M | 29,745,000 |
| State of TexasBond | 0.06% | $31.10M | 31,560,000 |
| Los Angeles Unified School District/CABond | 0.06% | $31.06M | 27,675,000 |
| Illinois State Toll Highway AuthorityBond | 0.06% | $30.98M | 30,880,000 |
| Triborough Bridge & Tunnel AuthorityBond | 0.06% | $30.76M | 30,000,000 |
| New York State Dormitory AuthorityBond | 0.06% | $30.71M | 30,140,000 |
| State of New JerseyBond | 0.06% | $30.66M | 28,930,000 |
| Massachusetts Development Finance AgencyBond | 0.06% | $30.14M | 27,120,000 |
| Triborough Bridge & Tunnel AuthorityBond | 0.06% | $30.06M | 29,060,000 |
| New York State Dormitory AuthorityBond | 0.06% | $29.93M | 28,040,000 |
| Commonwealth of MassachusettsBond | 0.06% | $29.90M | 28,120,000 |
| California Educational Facilities AuthorityBond | 0.06% | $29.84M | 26,735,000 |
| Houston Higher Education Finance CorpBond | 0.06% | $29.77M | 26,770,000 |
| Texas Water Development BoardBond | 0.06% | $29.28M | 29,405,000 |
| New Hampshire Municipal Bond BankBond | 0.06% | $29.19M | 26,520,000 |
| County of Jefferson AL Sewer RevenueBond | 0.06% | $29.09M | 28,000,000 |
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.