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

SecurityVTEB / Vanguard Municipal Bond Funds - Vanguard Tax-Exempt Bond ETF
InstitutionEP Wealth Advisors, Inc.
Latest Disclosed Ownership1,299,844 shares
Latest Disclosed Value $ 64,849,195
EP Wealth Advisors, Inc. reports 44.43% increase in ownership of VTEB / Vanguard Municipal Bond Funds - Vanguard Tax-Exempt Bond ETF

On May 14, 2026 - EP Wealth Advisors, Inc. filed a 13F-HR form disclosing ownership of 1,299,844 shares of Vanguard Municipal Bond Funds - Vanguard Tax-Exempt Bond ETF (US:VTEB) valued at $64,849,217 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 18, 2026 disclosing 900,006 shares of Vanguard Municipal Bond Funds - Vanguard Tax-Exempt Bond ETF. This represents a change in shares of 44.43% during the quarter. The current value of the position is $65,382,153 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.

Upgrade to unlock premium data and export to Excel .

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)
2026-05-14 2026-03-31 13F VANGUARD MUN BD FDS TAX EXEMPT BD 922907746 1,299,844 399,838 44.43 64,849 43.28 0.3185
2026-02-18 2025-12-31 13F VANGUARD MUN BD FDS TAX EXEMPT BD 922907746 900,006 109,832 13.90 45,261 16.83 0.2352
2025-08-14 2025-06-30 13F VANGUARD MUN BD FDS TAX EXEMPT BD 922907746 790,174 11,301 1.45 38,742 0.25 0.2546
2025-05-15 2025-03-31 13F VANGUARD MUN BD FDS TAX EXEMPT BD 922907746 778,873 -27,501 -3.41 38,648 -4.39 0.3087
2025-02-14 2024-12-31 13F VANGUARD MUN BD FDS TAX EXEMPT BD 922907746 806,374 34,290 4.44 40,424 2.42 0.3299
2024-11-15 2024-09-30 13F VANGUARD MUN BD FDS TAX EXEMPT BD 922907746 772,084 46,464 6.40 39,469 8.55 0.3392
2024-08-19 2024-06-30 13F VANGUARD MUN BD FDS TAX EXEMPT BD 922907746 725,620 30,328 4.36 36,361 3.35 0.3863
2024-05-14 2024-03-31 13F VANGUARD MUN BD FDS TAX EXEMPT BD 922907746 695,292 1,832 0.26 35,182 -0.62 0.4112
2024-02-28 2023-12-31 13F VANGUARD MUN BD FDS TAX EXEMPT BD 922907746 693,460 200,908 40.79 35,401 49.43 0.4515
2023-11-24 2023-09-30 13F VANGUARD MUN BD FDS TAX EXEMPT BD 922907746 492,552 470,010 2,085.04 23,692 5.12 0.3675
2023-08-14 2023-06-30 13F VANGUARD MUN BD FDS TAX EXEMPT BD 922907746 22,542 13,215 141.69 22,538 2,526.81 0.3249
2023-06-05 2023-03-31 13F VANGUARD MUN BD FDS TAX EXEMPT BD 922907746 9,327 -428,473 -97.87 859 -96.04 0.0148
2023-06-12 2022-12-31 13F VANGUARD MUN BD FDS TAX EXEMPT BD 922907746 437,800 14,391 3.40 21,667 6.29 0.3904
2022-12-02 2022-09-30 13F VANGUARD MUN BD FDS TAX EXEMPT BD 922907746 423,409 103,907 32.52 20,383 27.79 0.4623
2022-08-11 2022-06-30 13F VANGUARD MUN BD FDS TAX EXEMPT BD 922907746 319,502 271,724 568.72 15,950 547.58 0.3592
2022-05-20 2022-03-31 13F VANGUARD MUN BD FDS TAX EXEMPT BD 922907746 47,778 22,426 88.46 2,463 76.94 0.0541
2022-02-17 2021-12-31 13F VANGUARD MUN BD FDS TAX EXEMPT BD 922907746 25,352 2,909 12.96 1,392 13.26 0.0329
2021-11-23 2021-09-30 13F/A-1 VANGUARD MUN BD FDS TAX EXEMPT BD 922907746 22,443 1,967 9.61 1,229 8.57 0.0337
2021-11-16 2021-09-30 13F VANGUARD MUN BD FDS TAX EXEMPT BD 922907746 17,297 -3,179 1,229 0.0337
2021-08-24 2021-06-30 13F VANGUARD MUN BD FDS TAX EXEMPT BD 922907746 20,476 11,069 117.67 1,132 120.23 0.0314
2021-05-17 2021-03-31 13F VANGUARD MUN BD FDS TAX EXEMPT BD 922907746 9,407 2,070 28.21 514 26.91 0.0163
2021-02-18 2020-12-31 13F VANGUARD MUN BD FDS TAX EXEMPT BD 922907746 7,337 47 0.64 405 2.02 0.0142
2020-11-17 2020-09-30 13F VANGUARD MUN BD FDS TAX EXEMPT BD 922907746 7,290 7,290 -0.64 397 0.51 0.0171
2020-08-14 2020-06-30 13F VANGUARD MUN BD FDS TAX EXEMPT BD 922907746 0 -7,290 -100.00 395 2.33 0.0169
2020-05-18 2020-03-31 13F VANGUARD MUN BD FD TAX EXEMPT BD 922907746 7,290 1,606 28.25 386 26.97 0.0189
2020-02-14 2019-12-31 13F VANGUARD MUN BD FD TAX EXEMPT BD 922907746 5,684 42 0.74 304 0.33 0.0125
2019-11-18 2019-09-30 13F VANGUARD MUN BD FD TAX EXEMPT BD 922907746 5,642 5,642 303 0.0150
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.