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

VanguardBonds & CashMunicipal#187 of 786 by YTD

$75.98

+0.1% last session

+2.0% YTD

Data as of 11/5/20264:00 PM ET · End-of-day

Dividend-adjusted total return · S&P 500 uses VOO · Dec 31, 2025 – Nov 5, 2026VSDMS&P 500 · VOOBonds & Cash average

Returns	1D	1M	3M	YTD	1Y	3Y	5Y	MAX
Total return	+0.1%	+2.6%	+0.5%	+2.0%	+2.6%	—	—	+7.3%
Peer average	+0.3%	+4.1%	−0.5%	+0.9%	+1.2%	+15.4%	+2.9%	—
S&P 500 · VOO	−4.4%	−5.7%	−4.9%	+8.4%	+9.8%	+82.2%	+71.6%	—

Key Statistics

Open all fund facts →

AUM: $1.2B
Expense ratio: 0.12%
Distribution yield: 3.1%
NAV: $75.80
Volume: 303K
Avg. volume 30D: 478K
High today: $76.00
Low today: $75.85
Previous close: $75.87
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+2.7%$59.8M

#2MYMGSPDR+2.4%$8.6M

#3TAXTFlexShares+2.4%$198M

#4SMMUPIMCO+2.3%$1.3B

#5SHYMiShares+2.2%$929M

#6FTMSFranklin Templeton+2.1%$266M

#7MUNAFlexShares+2.0%$8.0M

#8CGSMCapital Group+2.0%$1.7B

#11VSDMVanguard+2.0%$1.2B

End-of-day Nov 6, 2026 · 141 Municipal ETFs by YTD

$10,000 in VSDM

$10,000 in VSDM became

$10,732

In the S&P 500 (VOO)

$12,653

Total return, dividends in · Nov 21, 2024 – Nov 5, 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 4, 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 4, 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 4, 2026

VSDM’s Share of Municipal ETFs

Today

0.5%

of the $245B in 166 Municipal ETFs

VSDM$1.2B0.5%

MUB$54.9B22.4%

VTEB$49.6B20.2%

163 others$140B56.9%

Municipal ETF AUM · Nov 6, 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 6, 2026

Inside VSDM

3,313 holdings · as of Nov 4, 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%

See all 3,317 holdings ↓

Vanguard VSDM · current holdings by weight · as of Nov 4, 2026 · each tile is one holding · top 20 = 8.3%

All VSDM Holdings

3,317 holdings · as of Nov 4, 2026

VSDM

VSDM’s Holdings

Today

#
1	—Vanguard Municipal Low Duration Fund 12/31/2049	1.32%	$131.52	152.5M	$15.2M
2	—Alabama Toll Road Bridge and Tunnel Authority 5.00% 10/01/2032	0.64%	$63.68	73K	$7.4M
3	—Dallas Area Rapid Transit 5.00% 12/01/2032	0.55%	$54.95	62K	$6.4M
4	—California Community Choice Financing Authority 5.00% 07/01/2053	0.45%	$45.22	52K	$5.2M
5	—California Community Choice Financing Authority 5.50% 05/01/2054	0.44%	$44.27	50K	$5.1M
6	—School District of Broward County/FL 5.00% 07/01/2033	0.44%	$44.04	50K	$5.1M
7	—New York State Dormitory Authority 5.00% 01/15/2031	0.44%	$43.67	50K	$5.1M
8	—Southeast Energy Authority A Cooperative District 5.00% 10/01/2030	0.42%	$42.22	48K	$4.9M
9	—New Jersey Transportation Trust Fund Authority 5.00% 12/15/2034	0.38%	$38.23	44K	$4.4M
10	—Southeast Energy Authority A Cooperative District 5.00% 10/01/2055	0.35%	$34.89	40K	$4.0M
11	—New Jersey Transportation Trust Fund Authority 5.00% 12/15/2032	0.34%	$33.92	39K	$3.9M
12	—Southeast Energy Authority A Cooperative District 4.00% 12/01/2051	0.30%	$30.42	37K	$3.5M
13	—Lancaster Port Authority 5.00% 02/01/2055	0.30%	$30.08	34K	$3.5M
14	—State of Illinois 5.00% 10/01/2030	0.29%	$29.46	34K	$3.4M
15	—Southeast Energy Authority A Cooperative District 5.25% 03/01/2055	0.29%	$28.78	34K	$3.3M

Vanguard VSDM · every reported holding · per $10,000 = dollars of each holding in a $10,000 stake · as of Nov 4, 2026

How It Compares

VSDM

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

YTD


MUB	iSharesRead Desk	0.05%	+0.5%	+0.9%	$54.9B
VTEB	VanguardRead Desk	0.03%	+0.6%	+0.9%	$49.6B
SUB	iSharesRead Desk	0.07%	+1.6%	+2.4%	$13.4B
JMUB	J.P. MorganRead Desk	0.18%	+0.8%	+1.1%	$9.1B
CGMU	Capital GroupRead Desk	0.27%	+1.1%	+1.7%	$7.6B
VSDM	VanguardThis fundRead Desk	0.12%	+2.0%	+2.6%	$1.2B

Municipal peers · YTD and past-year returns · as of Nov 6, 2026 · sorted by AUM

Head to Head

Put VSDM head to head with MUB →

MUB vs VSDM

YTD

MUBiShares · MunicipalVSDMVanguard · Municipal

Year to date

+0.5%

+2.0%

VSDM wins+1.4 pts

Past year

+0.9%

+2.6%

VSDM wins+1.6 pts

Fee

0.05%

0.12%

MUB winslower fee

Yield

3.3%

3.1%

MUB wins+0.2 pts

AUM

$54.9B

$1.2B

MUB45.7× more

2–2level

iShares MUB and Vanguard VSDM · year-to-date · as of Nov 6, 2026 · AUM not scored

VSDM vs VOO

YTD

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

+2.0%

VOO · S&P 500

+8.4%

Gap

6.4 pts

Vanguard VSDM and Vanguard VOO · YTD total return · as of Nov 6, 2026

VSDM vs Its Peer Average

YTD

VSDMAvsBPeer average

1D+0.1%+0.3%

1M+2.6%+4.1%

3M+0.5%−0.5%

YTD+2.0%+0.9%

1Y+2.6%+1.2%

3Y[…]+15.4%

5Y[…]+2.9%

3–2VSDM wins

165 Municipal peers · each row scaled to its leader

The Details

VSDM

Risk

2/5our risk indicator

CalmerBumpier

Volatility · 1Y1.83%

Deepest drop · 1Y−2.8%

Lowest point · 5Y−0.3%

52-week range

$75.98

$73.94−2.1% from the high$77.64

Vanguard VSDM · past-year price moves · as of Nov 6, 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 6, 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$75.80

Premium / discount[…]

Median spread · 30D[…]

Volume today303K

Average volume · 30D478K

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

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