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

SecurityVTEB / Vanguard Municipal Bond Funds - Vanguard Tax-Exempt Bond ETF
InstitutionBetterment LLC
Latest Disclosed Ownership6,930,029 shares
Latest Disclosed Value $ 345,739
Betterment LLC reports 3.31% increase in ownership of VTEB / Vanguard Municipal Bond Funds - Vanguard Tax-Exempt Bond ETF

On May 14, 2026 - Betterment LLC filed a 13F-HR form disclosing ownership of 6,930,029 shares of Vanguard Municipal Bond Funds - Vanguard Tax-Exempt Bond ETF (US:VTEB) valued at $345,739,147 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 12, 2026 disclosing 6,707,905 shares of Vanguard Municipal Bond Funds - Vanguard Tax-Exempt Bond ETF. This represents a change in shares of 3.31% during the quarter. The current value of the position is $349,134,861 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 BD INDEX FD TAX EXEMPT BD 922907746 6,930,029 222,124 3.31 346 2.37 0.6549
2026-02-12 2025-12-31 13F VANGUARD BD INDEX FD TAX EXEMPT BD 922907746 6,707,905 134,551 2.05 337 2.43 0.6427
2025-11-13 2025-09-30 13F VANGUARD BD INDEX FD TAX EXEMPT BD 922907746 6,573,354 6,090,513 1,261.39 329 1,330.43 0.6505
2025-08-14 2025-06-30 13F VANGUARD BD INDEX FD TAX EXEMPT BD 922907746 482,841 376,949 355.97 24 360.00 0.0504
2025-05-15 2025-03-31 13F VANGUARD BD INDEX FD TAX EXEMPT BD 922907746 105,892 36,812 53.29 5 66.67 0.0125
2025-02-14 2024-12-31 13F VANGUARD BD INDEX FD TAX EXEMPT BD 922907746 69,080 29,366 73.94 3 50.00 0.0083
2024-11-14 2024-09-30 13F VANGUARD BD INDEX FD TAX EXEMPT BD 922907746 39,714 5,660 16.62 2 100.00 0.0048
2024-08-14 2024-06-30 13F VANGUARD BD INDEX FD TAX EXEMPT BD 922907746 34,054 3,899 12.93 2 0.00 0.0044
2024-05-10 2024-03-31 13F VANGUARD BD INDEX FD TAX EXEMPT BD 922907746 30,155 7,999 36.10 2 0.00 0.0041
2024-02-09 2023-12-31 13F VANGUARD BD INDEX FD TAX EXEMPT BD 922907746 22,156 597 2.77 1 0.00 0.0033
2023-11-09 2023-09-30 13F VANGUARD BD INDEX FD TAX EXEMPT BD 922907746 21,559 -5,125 -19.21 1 0.00 0.0033
2023-08-07 2023-06-30 13F VANGUARD BD INDEX FD TAX EXEMPT BD 922907746 26,684 4,658 21.15 1 0.00 0.0042
2023-05-15 2023-03-31 13F VANGUARD BD INDEX FD TAX EXEMPT BD 922907746 22,026 6,632 43.08 1 0.0036
2023-02-13 2022-12-31 13F VANGUARD BD INDEX FD TAX EXEMPT BD 922907746 15,394 -14,067 -47.75 1 -100.00 0.0026
2022-11-14 2022-09-30 13F VANGUARD MUN BD FDS TAX EXEMPT BD 922907746 29,461 0 0.00 1,471 0.00 0.0053
2022-08-10 2022-06-30 13F VANGUARD MUN BD FDS TAX EXEMPT BD 922907746 29,461 1,632 5.86 1,471 2.51 0.0053
2022-05-16 2022-03-31 13F VANGUARD BD INDEX FD Common 922907746 27,829 2,361 9.27 1,435 2.65 0.0046
2022-02-15 2021-12-31 13F VANGUARD BD INDEX FD Common 922907746 25,468 1,287 5.32 1,398 5.59 0.0044
2021-11-15 2021-09-30 13F VANGUARD BD INDEX FD Common 922907746 24,181 838 3.59 1,324 2.56 0.0044
2021-08-10 2021-06-30 13F VANGUARD BD INDEX FD Common 922907746 23,343 -31 -0.13 1,291 1.10 0.0044
2021-06-01 2021-03-31 13F VANGUARD BD INDEX FD Common 922907746 23,374 4,760 25.57 1,277 24.34 0.0048
2021-02-12 2020-12-31 13F VANGUARD BD INDEX FD Common 922907746 18,614 848 4.77 1,027 6.20 0.0043
2020-11-10 2020-09-30 13F VANGUARD BD INDEX FD Common 922907746 17,766 -355 -1.96 967 -1.43 0.0047
2020-08-11 2020-06-30 13F VANGUARD BD INDEX FD Common 922907746 18,121 312 1.75 981 4.14 0.0052
2020-05-14 2020-03-31 13F VANGUARD BD INDEX FD Common 922907746 17,809 -1,013 -5.38 942 -6.55 0.0058
2020-01-31 2019-12-31 13F VANGUARD BD INDEX FD Common 922907746 18,822 -4,849 -20.48 1,008 -19.75 0.0052
2019-11-07 2019-09-30 13F VANGUARD BD INDEX FD Common 922907746 23,671 0 0.00 1,256 0.00 0.0071
2019-08-14 2019-06-30 13F VANGUARD BD INDEX FD Common 922907746 23,671 32 0.14 1,256 1.87 0.0071
2019-04-11 2019-03-31 13F VANGUARD BD INDEX FD Common 922907746 23,639 6,747 39.94 1,233 43.04 0.0075
2019-02-06 2018-12-31 13F VANGUARD BD INDEX FD Common 922907746 16,892 1,746 11.53 862 12.68 0.0061
2018-11-14 2018-09-30 13F VANGUARD BD INDEX FD Common 922907746 15,146 3,088 25.61 765 24.39 0.0050
2018-08-13 2018-06-30 13F VANGUARD BD INDEX FD Common 922907746 12,058 3,364 38.69 615 40.09 0.0044
2018-05-14 2018-03-31 13F VANGUARD BD INDEX FD Common 922907746 8,694 8,694 439 0.0032
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.