VSDM Vanguard Municipal Bond Funds - Vanguard Short Duration Tax-Exempt Bond ETF
Quote as of Oct 23, 2026 19:59 UTC · Quotes are refreshed hourly from the data provider, so during market hours a price can be up to about 1–2 hours old; each quote shows its own timestamp.
| Previous Close | 75.41 | Day Range | 75.41 – 75.52 |
| 52-Week Range | 73.94 – 77.64 | Volume | 555.82K |
| Avg Volume | 244.88K | AUM | $1.20B (ETF share class, per Vanguard, Sep 30, 2026) |
| Expense Ratio | 0.12% | Yield (TTM) | 3.13% |
| NAV | 75.41 | Premium/Discount | +0.14% indicative |
| Inception | Nov 19, 2024 | Holdings | 3,316 |
| Issuer | Vanguard | Exchange | CBOE |
| Category | Municipal Bonds | Index Tracked | Not stated in source data |
| CUSIP | 922907696 | ISIN | US9229076966 |
| Management | Actively managed (per issuer description) | ||
About this 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.
Description from the fund data provider · profile as of Oct 23, 2026.
Price Chart
Daily closing prices (price return, not total return). Comparison lines are normalized to percent change from the range start. Source: Financial Modeling Prep.
Performance
| 1M | 3M | 6M | YTD | 1Y | 3Y* | 5Y* | 10Y* | Incep.* | |
|---|---|---|---|---|---|---|---|---|---|
| Price return | +0.96% | -0.55% | -1.41% | -1.22% | -1.44% | — | — | — | +0.24% |
| Total return | +1.22% | +0.21% | +0.12% | +1.10% | +1.67% | — | — | — | +3.28% |
* Annualized. Total return uses the dividend-adjusted price series (distributions reinvested); price return uses unadjusted closes. Performance through Oct 23, 2026. Past performance does not guarantee future results.
Fees
| Net expense ratio | 0.12% | Annual cost of a $10,000 investment | $12.00 |
Illustrative calculation only: expense ratio × $10,000. It excludes trading costs, bid/ask spreads, taxes and changes in investment value. Gross vs. net expense details and any fee waivers are in the prospectus.
Holdings
Holdings list retrieved Oct 24, 2026 · The data provider's latest disclosed portfolio for this fund. Issuers publish holdings daily or monthly, so the portfolio date can be earlier; holdings are not live positions. 3,316 holdings stored, 25 shown.
| # | Holding | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|---|
| 1 | Vanguard Municipal Low Duration Fund 12/31/2049 | — | 1.31% | 152.50M | $15.2M |
| 2 | Alabama Toll Road Bridge and Tunnel Authority… | — | 0.64% | 72.55K | $7.4M |
| 3 | Dallas Area Rapid Transit 5.00% 12/01/2032 | — | 0.55% | 61.75K | $6.4M |
| 4 | California Community Choice Financing Authority… | — | 0.45% | 51.65K | $5.2M |
| 5 | California Community Choice Financing Authority… | — | 0.44% | 50.05K | $5.1M |
| 6 | School District of Broward County/FL 5.00%… | — | 0.44% | 49.65K | $5.1M |
| 7 | New York State Dormitory Authority 5.00%… | — | 0.44% | 50.00K | $5.1M |
| 8 | Southeast Energy Authority A Cooperative… | — | 0.42% | 48.20K | $4.9M |
| 9 | New Jersey Transportation Trust Fund Authority… | — | 0.38% | 43.80K | $4.4M |
| 10 | Southeast Energy Authority A Cooperative… | — | 0.35% | 40.00K | $4.0M |
| 11 | New Jersey Transportation Trust Fund Authority… | — | 0.34% | 38.70K | $3.9M |
| 12 | Southeast Energy Authority A Cooperative… | — | 0.30% | 36.65K | $3.5M |
| 13 | Lancaster Port Authority 5.00% 02/01/2055 | — | 0.30% | 34.20K | $3.5M |
| 14 | State of Illinois 5.00% 10/01/2030 | — | 0.29% | 33.65K | $3.4M |
| 15 | Southeast Energy Authority A Cooperative… | — | 0.29% | 33.80K | $3.3M |
| 16 | Kentucky Public Energy Authority 5.00%… | — | 0.29% | 33.55K | $3.3M |
| 17 | Black Belt Energy Gas District 5.00% 12/01/2031 | — | 0.28% | 31.85K | $3.2M |
| 18 | Black Belt Energy Gas District 5.25% 05/01/2055 | — | 0.27% | 31.65K | $3.2M |
| 19 | Florida Municipal Power Agency 4.00% 10/01/2030 | — | 0.27% | 31.50K | $3.2M |
| 20 | California Community Choice Financing Authority… | — | 0.27% | 31.65K | $3.1M |
| 21 | Southern California Public Power Authority… | — | 0.27% | 30.45K | $3.1M |
| 22 | California Community Choice Financing Authority… | — | 0.26% | 30.90K | $3.0M |
| 23 | State of Illinois 5.00% 11/01/2028 | — | 0.26% | 30.00K | $3.0M |
| 24 | Black Belt Energy Gas District 5.00% 10/01/2055 | — | 0.26% | 30.25K | $3.0M |
| 25 | State of Washington 5.00% 08/01/2034 | — | 0.26% | 30.00K | $3.0M |
Click a ticker to see every ETF that owns it.
Geographic Exposure
Country weights as reported by the data provider. Developed/emerging/frontier labels follow the classification on the Methodology page. Currency hedged: No hedging indicated in the fund name.
Distributions
| Yield (TTM) | 3.13% | Paid (last 12 months) | $2.3654 |
| Frequency | Monthly | SEC yield | Not provided by our data source; see the issuer page |
| Last ex-date | Oct 01, 2026 | Last payment | $0.1881 (Oct 05, 2026) |
| Growth 1Y | — | Growth 3Y / 5Y (ann.) | — / — |
| Ex-date | Record | Pay date | Amount |
|---|---|---|---|
| Oct 01, 2026 | Oct 01, 2026 | Oct 05, 2026 | $0.1881 |
| Sep 01, 2026 | Sep 01, 2026 | Sep 03, 2026 | $0.1957 |
| Aug 03, 2026 | Aug 03, 2026 | Aug 05, 2026 | $0.1990 |
| Jul 01, 2026 | Jul 01, 2026 | Jul 06, 2026 | $0.1959 |
| Jun 01, 2026 | Jun 01, 2026 | Jun 03, 2026 | $0.1962 |
| May 01, 2026 | May 01, 2026 | May 05, 2026 | $0.1966 |
| Apr 01, 2026 | Apr 01, 2026 | Apr 06, 2026 | $0.1983 |
| Mar 02, 2026 | Mar 02, 2026 | Mar 04, 2026 | $0.2005 |
| Feb 02, 2026 | Feb 02, 2026 | Feb 04, 2026 | $0.1913 |
| Dec 18, 2025 | Dec 18, 2025 | Dec 22, 2025 | $0.2043 |
| Dec 01, 2025 | Dec 01, 2025 | Dec 03, 2025 | $0.2034 |
| Nov 03, 2025 | Nov 03, 2025 | Nov 05, 2025 | $0.1961 |
Trailing distribution yield = last 12 months of cash ÷ current price. It is NOT the SEC 30-day yield and distributions are not guaranteed to continue. The difference explained →
Risk Statistics
| Volatility 1Y / 3Y | 1.80% / — | Sharpe 1Y / 3Y | -1.31 / — |
| Max drawdown 1Y / 3Y | -2.77% / — | Sortino 1Y | -1.81 |
| Beta vs S&P 500 (3Y) | 0.012 | Correlation vs S&P 500 (1Y) | 0.221 |
| Downside deviation 1Y | 1.30% | Risk-free rate used | 4.04% (3M T-bill, FRED) |
Computed by ETF Explorer from daily dividend-adjusted closes; volatility and drawdown are annualized/period figures; S&P 500 exposure proxied by SPY. As of Oct 25, 2026. Formulas →
Liquidity
| Volume today | 555.82K | Average volume | 244.88K |
| AUM | $1.20B | Premium/Discount | +0.14% |
| Bid/Ask spread | Not provided by our data source. Check your broker's quote screen; spreads are widest at the open and close. | ||
Premium/discount compares the delayed market price with the last reported NAV: an indicative figure, not the official closing premium/discount. How ETF liquidity works →
Official Fund Resources
External links open the issuer's site or SEC EDGAR in a new tab. The prospectus and official documents are always the authoritative source; review them before investing.
Latest News for VSDM
No articles mention this fund directly in the last 7 days; showing general ETF coverage.
Guided help: AUM is fund size. The expense ratio is the yearly cost baked into returns. NAV is the value of what the fund owns per share; the market price can sit slightly above (premium) or below (discount) it. Total return assumes distributions were reinvested. Every dataset shows its own as-of date because holdings, assets and quotes update on different schedules.