# VANGUARD HIGH-YIELD TAX-EXEMPT FUND

VANGUARD HIGH-YIELD TAX-EXEMPT FUND is a registered fund series of VANGUARD MUNICIPAL BOND FUNDS (series S000002892). Net assets $17.3B as of 2026-04-30.

## Profile

- Series ID: S000002892
- Registrant: VANGUARD MUNICIPAL BOND FUNDS
- LEI: P61EJIZGFVD0II25TX76
- Net assets: $17.3B
- Total assets: $17.5B
- As of: 2026-04-30

## Advisers

- [The Vanguard Group, Inc. (Advisor)](https://search.stillhousedata.com/firm/105958)

## Top holdings (200 reported)

_Showing 15 of 200 holdings by value._

| Holding | Ticker | Value | % of fund |
| --- | --- | --- | --- |
| Vanguard Cmt Funds-Vanguard Municipal Cash Management Fund | — | $902.5M | 521.41% |
| [Puerto Rico Sales Tax Financing Corp Sales Tax Revenue](https://search.stillhousedata.com/security/74529JRH0) | — | $102.2M | 59.05% |
| [Public Finance Authority](https://search.stillhousedata.com/security/74448UAC2) | — | $84.5M | 48.81% |
| [Public Finance Authority](https://search.stillhousedata.com/security/74448UAA6) | — | $63.3M | 36.57% |
| [New York Transportation Development Corp](https://search.stillhousedata.com/security/650116HQ2) | — | $55.3M | 31.97% |
| [Buckeye Tobacco Settlement Financing Authority](https://search.stillhousedata.com/security/118217CZ9) | — | $54.3M | 31.40% |
| [Louisiana Public Facilities Authority](https://search.stillhousedata.com/security/546399SZ0) | — | $54.0M | 31.23% |
| [County of Jefferson AL Sewer Revenue](https://search.stillhousedata.com/security/472682ZS5) | — | $53.4M | 30.85% |
| [Chicago Board of Education](https://search.stillhousedata.com/security/167505ZL3) | — | $51.3M | 29.62% |
| [Lower Alabama Gas District/The](https://search.stillhousedata.com/security/547804AQ7) | — | $48.9M | 28.27% |
| [City of Los Angeles Department of Airports](https://search.stillhousedata.com/security/5444453D9) | — | $48.6M | 28.06% |
| [Triborough Bridge & Tunnel Authority](https://search.stillhousedata.com/security/896032BD0) | — | $48.0M | 27.71% |
| [San Diego County Regional Airport Authority](https://search.stillhousedata.com/security/79739GTD8) | — | $47.3M | 27.31% |
| [California Community Choice Financing Authority](https://search.stillhousedata.com/security/13013JEA0) | — | $46.4M | 26.81% |
| [Commonwealth of Puerto Rico](https://search.stillhousedata.com/security/74514L3K1) | — | $44.5M | 25.71% |

## Net asset history

| Report date | Net assets |
| --- | --- |
| 2026-04-30 | $17.3B |
| 2026-01-31 | $17.0B |
| 2025-10-31 | $16.6B |
| 2025-07-31 | $15.5B |
| 2025-04-30 | $15.8B |
| 2025-01-31 | $16.2B |
| 2024-10-31 | $16.1B |
| 2024-07-31 | $15.8B |

## More

- [Registrant: VANGUARD MUNICIPAL BOND FUNDS](https://search.stillhousedata.com/registrant/225997)
- [This page as markdown (for LLM agents)](https://search.stillhousedata.com/fund/S000002892.md)
- [Search all SEC filings, advisers and people on Adviser Search](https://search.stillhousedata.com/)

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Source: public SEC filing data via Adviser Search (https://search.stillhousedata.com).
Agents: this data is also queryable via MCP tools and read-only SQL — see https://search.stillhousedata.com/llms.txt.