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 | 0.78% | $11.88M | 118,798,460 |
| State of CaliforniaBond | 0.16% | $2.40M | 2,110,000 |
| Bay Area Toll AuthorityBond | 0.16% | $2.40M | 2,170,000 |
| State of CaliforniaBond | 0.14% | $2.19M | 2,000,000 |
| Palo Alto Unified School DistrictBond | 0.14% | $2.09M | 2,090,000 |
| University of CaliforniaBond | 0.13% | $2.06M | 1,810,000 |
| State of IdahoBond | 0.13% | $2.02M | 2,000,000 |
| Houston Independent School DistrictBond | 0.13% | $2.01M | 2,000,000 |
| New York City Transitional Finance Authority Future Tax Secured RevenueBond | 0.13% | $2.01M | 1,860,000 |
| San Francisco City & County Public Utilities Commission Wastewater RevenueBond | 0.13% | $1.99M | 2,000,000 |
| New York State Dormitory AuthorityBond | 0.13% | $1.96M | 1,775,000 |
| New York State Dormitory AuthorityBond | 0.13% | $1.93M | 1,720,000 |
| Hudson Yards Infrastructure CorpBond | 0.12% | $1.86M | 1,850,000 |
| Ohio Water Development Authority Water Pollution Control Loan FundBond | 0.12% | $1.80M | 1,600,000 |
| State of OhioBond | 0.11% | $1.76M | 1,570,000 |
| State of HawaiiBond | 0.11% | $1.73M | 1,725,000 |
| New York City Municipal Water Finance AuthorityBond | 0.11% | $1.72M | 1,710,000 |
| Commonwealth of MassachusettsBond | 0.11% | $1.71M | 1,530,000 |
| County of Miami-Dade FLBond | 0.11% | $1.69M | 1,590,000 |
| New Jersey Transportation Trust Fund AuthorityBond | 0.11% | $1.67M | 2,090,000 |
| New York City Transitional Finance Authority Building Aid RevenueBond | 0.11% | $1.65M | 1,615,000 |
| Foothill-Eastern Transportation Corridor AgencyBond | 0.11% | $1.63M | 1,765,000 |
| Connecticut State Health & Educational Facilities AuthorityBond | 0.11% | $1.63M | 1,480,000 |
| Kentucky Turnpike AuthorityBond | 0.11% | $1.62M | 1,550,000 |
| New York State Dormitory AuthorityBond | 0.11% | $1.61M | 1,425,000 |
| Dallas Independent School DistrictBond | 0.11% | $1.61M | 1,525,000 |
| New York City Transitional Finance Authority Future Tax Secured RevenueBond | 0.10% | $1.59M | 1,500,000 |
| Triborough Bridge & Tunnel AuthorityBond | 0.10% | $1.59M | 1,560,000 |
| Board of Regents of the University of Texas SystemBond | 0.10% | $1.58M | 1,425,000 |
| New York State Thruway AuthorityBond | 0.10% | $1.58M | 1,500,000 |
| New Jersey Turnpike AuthorityBond | 0.10% | $1.57M | 1,425,000 |
| Hudson Yards Infrastructure CorpBond | 0.10% | $1.54M | 1,530,000 |
| Triborough Bridge & Tunnel AuthorityBond | 0.10% | $1.52M | 1,415,000 |
| New York City Municipal Water Finance AuthorityBond | 0.10% | $1.52M | 1,500,000 |
| Santa Clara Valley Water District Safe Clean Water RevenueBond | 0.10% | $1.51M | 1,500,000 |
| City of San Antonio TX Electric & Gas Systems RevenueBond | 0.10% | $1.50M | 1,515,000 |
| Metropolitan Transportation Authority Dedicated Tax FundBond | 0.10% | $1.50M | 1,495,000 |
| New York State Dormitory AuthorityBond | 0.10% | $1.48M | 1,320,000 |
| Massachusetts Development Finance AgencyBond | 0.10% | $1.47M | 1,320,000 |
| Energy NorthwestBond | 0.10% | $1.47M | 1,505,000 |
| State of OregonBond | 0.10% | $1.46M | 1,317,000 |
| New Jersey Transportation Trust Fund AuthorityBond | 0.09% | $1.44M | 1,310,000 |
| State of WashingtonBond | 0.09% | $1.44M | 1,380,000 |
| Garland Independent School DistrictBond | 0.09% | $1.43M | 1,310,000 |
| Los Angeles Department of Water & PowerBond | 0.09% | $1.42M | 1,325,000 |
| New York City Transitional Finance Authority Future Tax Secured RevenueBond | 0.09% | $1.42M | 1,410,000 |
| City of New York NYBond | 0.09% | $1.41M | 1,365,000 |
| University of CaliforniaBond | 0.09% | $1.41M | 1,305,000 |
| Ohio State University/TheBond | 0.09% | $1.41M | 1,250,000 |
| Ohio Water Development AuthorityBond | 0.09% | $1.40M | 1,325,000 |
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.