Vanguard Municipal Bond Funds - Vanguard Short Duration Tax-Exempt Bond ETFVSDM

VanguardBonds & CashMunicipal#214 of 785 by YTD

$75.70

+0.1% last session

+1.6% YTD

Data as of 11/3/20264:00 PM ET · End-of-day

Dividend-adjusted total return · S&P 500 uses VOO · Dec 31, 2025 – Nov 3, 2026VSDMS&P 500 · VOO

Returns	1D	1M	3M	YTD	1Y	3Y	5Y	MAX
Total return	+0.1%	+2.0%	+0.3%	+1.6%	+2.2%	—	—	+6.9%
Peer average	0.0%	+2.9%	−0.9%	+0.3%	+0.6%	+14.6%	+2.5%	—
S&P 500 · VOO	+0.3%	−2.6%	−1.7%	+11.5%	+11.9%	+90.9%	+77.5%	—

Key Statistics

Open all fund facts →

AUM: $1.2B
Expense ratio: 0.12%
Distribution yield: 3.1%
NAV: $75.66
Volume: 234K
Avg. volume 30D: 469K
High today: $75.72
Low today: $75.66
Previous close: $75.64
52-week high: $77.64
52-week low: $73.94
Our risk indicator: 2/5

VSDM in One Breath

VSDM Among Municipal ETFs

YTD

#1MMMANY Life Investments+2.2%$59.3M

#2MYMGSPDR+1.9%$8.6M

#3SMMUPIMCO+1.9%$1.3B

#4MYMFSPDR+1.9%$8.7M

#5IBMOiShares+1.9%$499M

#6FTMSFranklin Templeton+1.9%$265M

#7MMSDNY Life Investments+1.8%$87.1M

#8MUNAFlexShares+1.8%$8.0M

#17VSDMVanguard+1.6%$1.2B

End-of-day Nov 4, 2026 · 141 Municipal ETFs by YTD

$10,000 in VSDM

$10,000 in VSDM became

$10,692

In the S&P 500 (VOO)

$13,020

Total return, dividends in · Nov 21, 2024 – Nov 3, 2026 · S&P 500 uses VOO

VSDM’s Top Holdings

Today

Vanguard MunicVanguard Municipal Low Duration Fund 12/31/20491.3%Alabama Toll0.6%Dallas Area 0.5%California C0.5%California C0.4%School Distr0.4%New York Sta0.4%Southeast En0.4%New Jersey T0.4%Southeast En0.3%New Jersey T0.3%Southeast En0.3%Lancaster Po0.3%State of Ill0.3%Southeast En0.3%Kentucky Pub0.3%Black Belt E0.3%Black Belt E0.3%Florida Muni0.3%California C0.3%Southern Cal0.3%California C0.3%

Vanguard VSDM · 3,313 holdings · top 22 shown · tile size = share of the fund · as of Nov 3, 2026

What VSDM Holds

Today

All holdings100.0%

Vanguard M 1.3 · Alabama To · Dallas Are · California · California · School Dis · New York S

Vanguard VSDM · share of the fund · as of Nov 3, 2026

Vanguard’s Share of VSDM

Today

1.3%

$13 of every $1,000 in VSDM is Vanguard

Vanguard held by VSDM

$15.8M

Vanguard VSDM · each square = $10 of $1,000 · as of Nov 3, 2026

VSDM’s Share of Municipal ETFs

Today

0.5%

of the $244B in 166 Municipal ETFs

VSDM$1.2B0.5%

MUB$54.5B22.3%

VTEB$49.6B20.3%

163 others$139B56.8%

Municipal ETF AUM · Nov 4, 2026

VSDM Fee per $100 vs Peers

Today

$0.12a year
per $100

$12 a year on $10,000

VTEB$0.03

MUB$0.05

SUB$0.07

VSDM$0.12

JMUB$0.18

CGMU$0.27

Expense ratio · Municipal peers · Nov 4, 2026

Inside VSDM

3,313 holdings · as of Nov 3, 2026

VSDM

Vanguard Municipal Bond Funds - Vanguard Short Duration Tax-Exempt Bond ETF

Today

All holdings100.0%3,300 more holdings93.6% of the fund

All holdings100.0%3,307 more holdings96.2% of the fund

#	Ticker	Company	Weight ▼
1	—	Vanguard Municipal Low Duration Fund 12/31/2049	1.32%
2	—	Alabama Toll Road Bridge and Tunnel Authority 5.00% 10/01/2032	0.64%
3	—	Dallas Area Rapid Transit 5.00% 12/01/2032	0.55%
4	—	California Community Choice Financing Authority 5.00% 07/01/2053	0.45%
5	—	California Community Choice Financing Authority 5.50% 05/01/2054	0.44%
6	—	School District of Broward County/FL 5.00% 07/01/2033	0.44%
7	—	New York State Dormitory Authority 5.00% 01/15/2031	0.44%
8	—	Southeast Energy Authority A Cooperative District 5.00% 10/01/2030	0.42%
9	—	New Jersey Transportation Trust Fund Authority 5.00% 12/15/2034	0.38%
10	—	Southeast Energy Authority A Cooperative District 5.00% 10/01/2055	0.35%

Vanguard VSDM · current holdings by weight · as of Nov 3, 2026 · each tile is one holding · top 20 = 8.3%

How It Compares

VSDM

Vanguard Municipal Bond Funds - Vanguard Short Duration Tax-Exempt Bond ETF’s Peers

YTD


MUB	iSharesRead Desk	0.05%	−0.4%	+0.1%	$54.5B
VTEB	VanguardRead Desk	0.03%	−0.3%	+0.1%	$49.6B
SUB	iSharesRead Desk	0.07%	+1.4%	+2.2%	$13.3B
JMUB	J.P. MorganRead Desk	0.18%	0.0%	+0.3%	$9.0B
CGMU	Capital GroupRead Desk	0.27%	+0.5%	+1.1%	$7.5B
VSDM	VanguardThis fundRead Desk	0.12%	+1.6%	+2.2%	$1.2B

Municipal peers · YTD and past-year returns · as of Nov 4, 2026 · sorted by AUM

Head to Head

Put VSDM head to head with MUB →

MUB vs VSDM

YTD

MUBiShares · MunicipalVSDMVanguard · Municipal

Year to date

−0.4%

+1.6%

VSDM wins+1.9 pts

Past year

+0.1%

+2.2%

VSDM wins+2.1 pts

Fee

0.05%

0.12%

MUB winslower fee

Yield

3.3%

3.1%

MUB wins+0.2 pts

AUM

$54.5B

$1.2B

MUB45.4× more

2–2level

iShares MUB and Vanguard VSDM · year-to-date · as of Nov 4, 2026 · AUM not scored

VSDM vs VOO

YTD

VSDM · Vanguard Municipal Bond Funds - Vanguard Short Duration Tax-Exempt Bond

+1.6%

VOO · S&P 500

+11.5%

Gap

10.0 pts

Vanguard VSDM and Vanguard VOO · YTD total return · as of Nov 4, 2026

VSDM vs Its Peer Average

YTD

VSDMAvsBPeer average

1D+0.1%0.0%

1M+2.0%+2.9%

3M+0.3%−0.9%

YTD+1.6%+0.3%

1Y+2.2%+0.6%

3Y[…]+14.6%

5Y[…]+2.5%

4–1VSDM wins

165 Municipal peers · each row scaled to its leader

The Details

VSDM

Risk

2/5our risk indicator

CalmerBumpier

Volatility · 1Y1.81%

Deepest drop · 1Y−2.8%

Lowest point · 5Y−0.3%

52-week range

$75.70

$73.94−2.5% from the high$77.64

Vanguard VSDM · past-year price moves · as of Nov 4, 2026

VSDM

Fund Facts

Today

2024launched Nov 19

Tracks[…]

Exchange · CUSIPCBOE · 922907696

StructureETF

Leverage1x

Cost on $10,000$12 a year

Go deeper

Prospectus & documents Trading & liquidity Fees & costs Distributions

Vanguard VSDM · fund facts · as of Nov 4, 2026

VSDM

Payouts by Year

$0.19per share, Nov 2026

Distribution yield3.1%

PaidEvery month

Latest ex-date · paidNov 2 · Nov 4, 2026

12 payouts added up$2.36 a share

Vanguard VSDM · distributions by ex-date · 2024–2026

All Fund FactsDocuments · trading · fees · every payout

Prospectus & Documents

SEC reported portfolio · 2026-07-31 ↗SEC reported portfolio · 2026-04-30 ↗SEC reported portfolio · 2026-01-31 ↗summary prospectus · SEC 497K ↗SEC reported portfolio · 2025-10-31 ↗SEC reported portfolio · 2025-07-31 ↗SEC reported portfolio · 2025-04-30 ↗SEC reported portfolio · 2025-01-31 ↗summary prospectus · SEC 497K ↗

Trading & Liquidity

Net asset value$75.66

Premium / discount[…]

Median spread · 30D[…]

Volume today234K

Average volume · 30D469K

Shares outstanding[…]

Options[…]

Fees & Costs

Net expense ratio0.12%

Gross expense ratio[…]

Management fee[…]

Cost on $10,000 a year$12.00

Our risk indicator2/5

Estimated yearly cost excludes trading costs and assumes constant assets.

Distributions

Ex-date	Paid	Per share
Nov 2, 2026	Nov 4, 2026	$0.19
Oct 1, 2026	Oct 5, 2026	$0.19
Sep 1, 2026	Sep 3, 2026	$0.20
Aug 3, 2026	Aug 5, 2026	$0.20
Jul 1, 2026	Jul 6, 2026	$0.20
Jun 1, 2026	Jun 3, 2026	$0.20
May 1, 2026	May 5, 2026	$0.20
Apr 1, 2026	Apr 6, 2026	$0.20
Mar 2, 2026	Mar 4, 2026	$0.20
Feb 2, 2026	Feb 4, 2026	$0.19
Dec 18, 2025	Dec 22, 2025	$0.20
Dec 1, 2025	Dec 3, 2025	$0.20

Issuer contentFrom VanguardHear the strategy from the people behind VSDM.No issuer videos have been published for this fund.Are you the issuer? Claim this fund →