VSDM Vanguard Municipal Bond Funds - Vanguard Short Duration Tax-Exempt Bond ETF
VSDM is an actively managed ETF that seeks tax-exempt income with limited price volatility. It primarily invests in US dollar-denominated municipal bonds issued by US states or local agencies. Interest is exempt from federal income taxes and alternative minimum tax (AMT). The fund does not have maturity limitations on individual securities, but it typically maintains a dollar-weighted average maturity of 2 to 7 years and an average portfolio duration of 1.5 to 5 years. The majority of assets are invested in investment-grade bonds, rated A3 or better by Moody's or equivalent. Investments in junk bonds are limited to 20% of assets. The fund follows a portfolio manager-driven process, incorporating top-down and bottom-up insights. As a fundamental policy, at least 80% of assets are invested in tax-exempt securities under normal market conditions.
Performance
| 1M | 3M | YTD | 1Y | 3Y ann. | 5Y ann. | |
|---|---|---|---|---|---|---|
| VSDM | +1.3% | -0.8% | -1.0% | -1.0% | +0.2% | +0.1% |
| Municipal Bond average (26 funds) | +2.4% | -1.2% | -0.5% | -0.2% | +2.2% | +0.2% |
Insider activity in the holdings
Open-market insider buying across this fund’s holdings over 90 days, weighted by holding weight: +$0 net.
No open-market insider buys in the holdings in the last 90 days.
Holdings · as of Nov 12, 2026
| # | Holding | Weight |
|---|---|---|
| 1 | VSDM Vanguard Municipal Low Duration Fund 12/31/2049 | 1.32% |
Sector breakdown
Country breakdown
Distributions
| Date | Per unit |
|---|---|
| Nov 2, 2026 | $0.1904 |
| Oct 1, 2026 | $0.1881 |
| Sep 1, 2026 | $0.1957 |
| Aug 3, 2026 | $0.1990 |
| Jul 1, 2026 | $0.1959 |
| Jun 1, 2026 | $0.1962 |
| May 1, 2026 | $0.1966 |
| Apr 1, 2026 | $0.1983 |
| Mar 2, 2026 | $0.2005 |
| Feb 2, 2026 | $0.1913 |
| Dec 18, 2025 | $0.2043 |
| Dec 1, 2025 | $0.2034 |
| Nov 3, 2025 | $0.1961 |
| Oct 1, 2025 | $0.2032 |
| Sep 2, 2025 | $0.1992 |
| Aug 1, 2025 | $0.1891 |
| Jul 1, 2025 | $0.1945 |
| Jun 2, 2025 | $0.1963 |
| May 1, 2025 | $0.1933 |
| Apr 1, 2025 | $0.1580 |
| Mar 3, 2025 | $0.2032 |
| Feb 3, 2025 | $0.1958 |
| Dec 24, 2024 | $0.2636 |
Members of Congress who disclosed this ETF
No member of Congress has disclosed a trade in VSDM in the filings we hold.
Fund facts, prices, performance and distributions: our market-data vendor. Holdings: the vendor and SEC Form N-PORT. Insider and Congress data: InsiderBuying. Last updated Nov 13, 2026. This is historical data, not investment advice. Report a data error