Vanguard Municipal Bond Funds - Vanguard Tax-Exempt Bond ETF
US ˙ ARCA ˙ US9229077469

SecurityVTEB / Vanguard Municipal Bond Funds - Vanguard Tax-Exempt Bond ETF
InstitutionAdvisor Group Holdings, Inc.
Latest Disclosed Ownership1,608,506 shares
Latest Disclosed Value $ 80,251,595
Advisor Group Holdings, Inc. reports 17.89% decrease in ownership of VTEB / Vanguard Municipal Bond Funds - Vanguard Tax-Exempt Bond ETF

On May 15, 2026 - Advisor Group Holdings, Inc. filed a 13F-HR form disclosing ownership of 1,608,506 shares of Vanguard Municipal Bond Funds - Vanguard Tax-Exempt Bond ETF (US:VTEB) valued at $80,248,364 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 17, 2026 disclosing 1,959,018 shares of Vanguard Municipal Bond Funds - Vanguard Tax-Exempt Bond ETF. This represents a change in shares of -17.89% during the quarter. The current value of the position is $80,923,937 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-15 2026-03-31 13F VANGUARD MUN BD FDS TAX EXEMPT BD 922907746 1,608,506 -350,512 -17.89 80,252 -18.55 0.0683
2026-02-17 2025-12-31 13F VANGUARD MUN BD FDS TAX EXEMPT BD 922907746 1,959,018 19,548 1.01 98,527 2.42 0.1440
2025-11-14 2025-09-30 13F VANGUARD MUN BD FDS TAX EXEMPT BD 922907746 1,939,470 156,645 8.79 96,202 10.04 0.1346
2025-09-04 2025-06-30 13F/A-1 ANGUARD MUN BD FDS TAX EXEMPT BD 922907746 1,782,825 95,322 5.65 87,425 4.40 0.1557
2025-08-13 2025-06-30 13F ANGUARD MUN BD FDS TAX EXEMPT BD 922907746 1,460,870 -226,633 72,973 0.0844
2025-05-12 2025-03-31 13F VANGUARD MUN BD FDS TAX EXEMPT BD 922907746 1,687,503 -1,443,500 -46.10 83,740 -36.23 0.1866
2025-06-06 2024-12-31 13F/A-1 VANGUARD MUN BD FDS TAX EXEMPT BD 922907746 3,131,003 896,363 40.11 131,319 14.95 0.2947
2025-02-07 2024-12-31 13F VANGUARD MUN BD FDS TAX EXEMPT BD 922907746 2,835,483 600,843 117,415 0.2995
2024-11-13 2024-09-30 13F VANGUARD MUN BD FDS TAX EXEMPT BD 922907746 2,234,640 99,562 4.66 114,240 6.77 0.2576
2024-08-13 2024-06-30 13F VANGUARD MUN BD FDS TAX EXEMPT BD 922907746 2,135,078 195,471 10.08 106,993 9.01 0.2528
2024-05-10 2024-03-31 13F VANGUARD MUN BD FDS TAX EXEMPT BD 922907746 1,939,607 -318,763 -14.11 98,149 -14.87 0.2192
2024-02-12 2023-12-31 13F VANGUARD MUN BD FDS TAX EXEMPT BD 922907746 2,258,370 -19,090 -0.84 115,294 5.24 0.2017
2023-11-13 2023-09-30 13F VANGUARD MUN BD FDS TAX EXEMPT BD 922907746 2,277,460 236,471 11.59 109,550 6.99 0.1619
2023-08-21 2023-06-30 13F/A-1 VANGUARD MUN BD FDS TAX EXEMPT BD 922907746 2,040,989 -455,097 -18.23 102,389 -19.07 0.1838
2023-08-10 2023-06-30 13F VANGUARD MUN BD FDS TAX EXEMPT BD 922907746 3,436,081 939,995 100,994 0.0274
2023-05-12 2023-03-31 13F VANGUARD MUN BD FDS TAX EXEMPT BD 922907746 2,496,086 -93,303 -3.60 126,521 -1.27 0.2380
2023-02-10 2022-12-31 13F VANGUARD MUN BD FDS TAX EXEMPT BD 922907746 2,589,389 769,786 42.31 128,152 46.30 0.2595
2022-11-14 2022-09-30 13F VANGUARD MUN BD FDS TAX EXEMPT BD 922907746 1,819,603 115,785 6.80 87,596 3.18 0.2002
2022-08-10 2022-06-30 13F VANGUARD MUN BD FDS TAX EXEMPT BD 922907746 1,703,818 545,133 47.05 84,900 48.33 0.1872
2022-05-04 2022-03-31 13F VANGUARD MUN BD FDS TAX EXEMPT BD 922907746 1,158,685 292,929 33.84 57,236 20.42 0.1111
2022-02-03 2021-12-31 13F VANGUARD MUN BD FDS TAX EXEMPT BD 922907746 865,756 29,485 3.53 47,532 3.78 0.0900
2021-11-05 2021-09-30 13F VANGUARD MUN BD FDS TAX EXEMPT BD 922907746 836,271 166,898 24.93 45,801 23.74 0.0954
2021-08-02 2021-06-30 13F VANGUARD MUN BD FDS TAX EXEMPT BD 922907746 669,373 94,062 16.35 37,015 17.75 0.0801
2021-05-13 2021-03-31 13F VANGUARD MUN BD FDS TAX EXEMPT BD 922907746 575,311 81,578 16.52 31,436 15.36 0.0756
2021-02-10 2020-12-31 13F VANGUARD MUN BD FDS TAX EXEMPT BD 922907746 493,733 21,914 4.64 27,250 6.11 0.0728
2020-11-12 2020-09-30 13F VANGUARD MUN BD FDS TAX EXEMPT BD 922907746 471,819 60,367 14.67 25,680 15.28 0.0768
2020-08-14 2020-06-30 13F VANGUARD MUN BD FDS TAX EXEMPT BD 922907746 411,452 -620,319 -60.12 22,277 -0.93 0.0748
2020-05-18 2020-03-31 13F VANGUARD MUN BD FD TAX EXEMPT BD 922907746 1,031,771 1,031,771 22,486 0.0921
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.