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

SecurityVTEB / Vanguard Municipal Bond Funds - Vanguard Tax-Exempt Bond ETF
InstitutionFranklin Resources Inc
Latest Disclosed Ownership7,223,222 shares
Latest Disclosed Value $ 360,366,546
Franklin Resources Inc reports 15.16% increase in ownership of VTEB / Vanguard Municipal Bond Funds - Vanguard Tax-Exempt Bond ETF

On May 13, 2026 - Franklin Resources Inc filed a 13F-HR form disclosing ownership of 7,223,222 shares of Vanguard Municipal Bond Funds - Vanguard Tax-Exempt Bond ETF (US:VTEB) valued at $360,366,546 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 11, 2026 disclosing 6,272,115 shares of Vanguard Municipal Bond Funds - Vanguard Tax-Exempt Bond ETF. This represents a change in shares of 15.16% during the quarter. The current value of the position is $363,905,924 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)
2026-05-13 2026-03-31 13F VANGUARD MUN BD FDS TAX EXEMPT BD 922907746 7,223,222 951,107 15.16 360,367 14.25 0.0143
2026-02-11 2025-12-31 13F VANGUARD MUN BD FDS TAX EXEMPT BD 922907746 6,272,115 188,310 3.10 315,425 3.55 0.0774
2025-11-13 2025-09-30 13F VANGUARD MUN BD FDS TAX EXEMPT BD 922907746 6,083,805 -787,493 -11.46 304,616 -9.58 0.0760
2025-08-12 2025-06-30 13F VANGUARD MUN BD FDS TAX EXEMPT BD 922907746 6,871,298 -197,395 -2.79 336,900 -3.95 0.0893
2025-05-13 2025-03-31 13F VANGUARD MUN BD FDS TAX EXEMPT BD 922907746 7,068,693 326,372 4.84 350,749 3.77 0.1009
2025-02-12 2024-12-31 13F VANGUARD MUN BD FDS TAX EXEMPT BD 922907746 6,742,321 1,420,106 26.68 337,993 25.46 0.0939
2024-11-27 2024-09-30 13F/A-1 VANGUARD MUN BD FDS TAX EXEMPT BD 922907746 5,322,215 818,486 18.17 269,411 19.38 0.0757
2024-11-12 2024-09-30 13F VANGUARD MUN BD FDS TAX EXEMPT BD 922907746 5,322,215 818,486 269,411 0.0130
2024-08-14 2024-06-30 13F VANGUARD MUN BD FDS TAX EXEMPT BD 922907746 4,503,729 -10,723 -0.24 225,682 -1.20 0.0694
2024-05-13 2024-03-31 13F VANGUARD MUN BD FDS TAX EXEMPT BD 922907746 4,514,452 728,049 19.23 228,431 18.18 0.0723
2024-02-09 2023-12-31 13F VANGUARD MUN BD FDS TAX EXEMPT BD 922907746 3,786,403 -24,609 -0.65 193,296 5.45 0.0904
2023-11-13 2023-09-30 13F VANGUARD MUN BD FDS TAX EXEMPT BD 922907746 3,811,012 296,371 8.43 183,310 3.85 0.0931
2023-08-11 2023-06-30 13F VANGUARD MUN BD FDS TAX EXEMPT BD 922907746 3,514,641 -210,866 -5.66 176,505 -6.48 0.0839
2023-05-12 2023-03-31 13F VANGUARD MUN BD FDS TAX EXEMPT BD 922907746 3,725,507 685,193 22.54 188,734 25.43 0.0947
2023-02-10 2022-12-31 13F VANGUARD MUN BD FDS TAX EXEMPT BD 922907746 3,040,314 3,040,314 150,465 0.0782
2022-11-14 2022-09-30 13F VANGUARD MUN BD FDS TAX EXEMPT BD 922907746 0 -8,870 -100.00 0 -100.00
2022-08-11 2022-06-30 13F VANGUARD MUN BD FDS TAX EXEMPT BD 922907746 8,870 0 0.00 443 -3.06 0.0002
2022-05-13 2022-03-31 13F VANGUARD MUN BD FDS TAX EXEMPT BD 922907746 8,870 0 0.00 457 -6.16 0.0002
2022-02-11 2021-12-31 13F VANGUARD MUN BD FDS TAX EXEMPT BD 922907746 8,870 0 0.00 487 0.21 0.0002
2021-11-12 2021-09-30 13F VANGUARD MUN BD FDS TAX EXEMPT BD 922907746 8,870 0 0.00 486 -1.02 0.0002
2021-08-13 2021-06-30 13F VANGUARD MUN BD FDS TAX EXEMPT BD 922907746 8,870 0 0.00 491 1.24 0.0002
2021-05-13 2021-03-31 13F VANGUARD MUN BD FDS TAX EXEMPT BD 922907746 8,870 0 0.00 485 -1.02 0.0002
2021-02-10 2020-12-31 13F VANGUARD MUN BD FDS TAX EXEMPT BD 922907746 8,870 8,870 490 0.0002
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.