VCRM — Vanguard Core Tax-Exempt Bond ETF
Data updated: 2026-06-26
VCRM — Vanguard Core Tax-Exempt Bond ETF data: holdings, portfolio allocation, expenses, performance, cashflows, risk and SEC filings. Long Municipal - National Bond · $1.28B AUM · 0.12% expense ratio · 6.8% 1-yr return. From SEC regulatory filings.
VCRM Fund Overview
VCRM — Vanguard Core Tax-Exempt Bond ETF is a US ETF managed by Vanguard Municipal Bond Funds, categorised as Long Municipal - National Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US ETF
- Manager: Vanguard Municipal Bond Funds
- Category: Long Municipal - National Bond
- Assets under management: $1.28B
- 1-year return: 6.8%
- Ticker: VCRM
- SEC CIK: 0000225997
- SEC series ID: S000088615
- Share class ID: C000254940
VCRM Holdings
Top 10 holdings of Vanguard Core Tax-Exempt Bond ETF by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Vanguard Cmt Funds-Vanguard Municipal Cash Management Fund | 2.52% |
| Commonwealth of Massachusetts Transportation Fund Revenue | 0.79% |
| Great Lakes Water Authority Water Supply System Revenue | 0.66% |
| Triborough Bridge & Tunnel Authority Sales Tax Revenue | 0.65% |
| Public Finance Authority | 0.63% |
| University of California | 0.60% |
| Texas Municipal Gas Acquisition & Supply Corp IV | 0.54% |
| Grand Parkway Transportation Corp | 0.52% |
| California Community Choice Financing Authority | 0.51% |
| Maryland Cmnty Dev Admin Hsg & | 0.51% |
VCRM Portfolio Allocation
Asset-class allocation of Vanguard Core Tax-Exempt Bond ETF by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 100.0% |
| Cash & Equivalents | 2.5% |
| Securitized | 0.3% |
VCRM Performance
Total returns for VCRM (as of 2026-08-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 1.2% |
| 1 year | 6.8% |
VCRM Risk Information
Risk metrics for VCRM, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 4.1%
VCRM Costs and Fees
VCRM costs about $12 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.12%
- Gross expense ratio: 0.12%
- Portfolio turnover: 18%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
VCRM Cashflows
Over the 12 months to 2026-04, Vanguard Core Tax-Exempt Bond ETF had net inflows of $1.05B, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-04 | $107.42M |
| 2026-03 | $27.75M |
| 2026-02 | $192.54M |
| 2026-01 | $135.21M |
| 2025-12 | $123.80M |
| 2025-11 | $50.05M |
VCRM Debt Constituents
Largest debt holdings of Vanguard Core Tax-Exempt Bond ETF by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Commonwealth of Massachusetts Transportation Fund Revenue | 0.79% |
| Great Lakes Water Authority Water Supply System Revenue | 0.66% |
| Triborough Bridge & Tunnel Authority Sales Tax Revenue | 0.65% |
| Public Finance Authority | 0.63% |
| University of California | 0.60% |
| Texas Municipal Gas Acquisition & Supply Corp IV | 0.54% |
| Grand Parkway Transportation Corp | 0.52% |
| California Community Choice Financing Authority | 0.51% |
| Maryland Cmnty Dev Admin Hsg & | 0.51% |
| New York State Environmental Facilities Corp | 0.49% |
VCRM Prospectus and SEC Filings
Official Vanguard Core Tax-Exempt Bond ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other Long Municipal - National Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.