VSDM — Vanguard Short Duration Tax-Exempt Bond ETF
Data updated: 2026-06-26
VSDM — Vanguard Short Duration Tax-Exempt Bond ETF data: holdings, portfolio allocation, expenses, performance, cashflows, risk and SEC filings. Short Municipal - National Bond · $602.57M AUM · 0.12% expense ratio · 5.3% 1-yr return. From SEC regulatory filings.
VSDM Fund Overview
VSDM — Vanguard Short Duration Tax-Exempt Bond ETF is a US ETF managed by Vanguard Municipal Bond Funds, categorised as Short 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: Short Municipal - National Bond
- Assets under management: $602.57M
- 1-year return: 5.3%
- Ticker: VSDM
- SEC CIK: 0000225997
- SEC series ID: S000088616
- Share class ID: C000254941
VSDM Holdings
Top 10 holdings of Vanguard Short Duration 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 | 1.13% |
| Texas Municipal Gas Acquisition & Supply Corp IV | 0.48% |
| California Community Choice Financing Authority | 0.47% |
| California Community Choice Financing Authority | 0.43% |
| California Community Choice Financing Authority | 0.41% |
| City of Minneapolis MN | 0.34% |
| Energy Southeast A Cooperative District | 0.34% |
| Main Street Natural Gas Inc | 0.34% |
| Kentucky Public Energy Authority | 0.32% |
| California Community Choice Financing Authority | 0.32% |
VSDM Portfolio Allocation
Asset-class allocation of Vanguard Short Duration Tax-Exempt Bond ETF by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 99.3% |
| Cash & Equivalents | 1.1% |
VSDM Performance
Total returns for VSDM (as of 2026-08-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 0.8% |
| 1 year | 5.3% |
VSDM Risk Information
Risk metrics for VSDM, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 2.0%
VSDM Costs and Fees
VSDM costs about $12 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.12%
- Gross expense ratio: 0.12%
- Portfolio turnover: 13%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
VSDM Cashflows
Over the 12 months to 2026-04, Vanguard Short Duration Tax-Exempt Bond ETF had net inflows of $512.05M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-04 | $67.28M |
| 2026-03 | $46.02M |
| 2026-02 | $66.37M |
| 2026-01 | $75.29M |
| 2025-12 | $53.45M |
| 2025-11 | $22.94M |
VSDM Debt Constituents
Largest debt holdings of Vanguard Short Duration Tax-Exempt Bond ETF by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Texas Municipal Gas Acquisition & Supply Corp IV | 0.48% |
| California Community Choice Financing Authority | 0.47% |
| California Community Choice Financing Authority | 0.43% |
| California Community Choice Financing Authority | 0.41% |
| City of Minneapolis MN | 0.34% |
| Energy Southeast A Cooperative District | 0.34% |
| Main Street Natural Gas Inc | 0.34% |
| Kentucky Public Energy Authority | 0.32% |
| California Community Choice Financing Authority | 0.32% |
| Main Street Natural Gas Inc | 0.31% |
VSDM Prospectus and SEC Filings
Official Vanguard Short Duration Tax-Exempt Bond ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other Short 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.