# VANGUARD LONG-TERM TAX-EXEMPT FUND

VANGUARD LONG-TERM TAX-EXEMPT FUND is a registered fund series of VANGUARD MUNICIPAL BOND FUNDS (series S000002896). Net assets $18.9B as of 2026-04-30.

## Profile

- Series ID: S000002896
- Registrant: VANGUARD MUNICIPAL BOND FUNDS
- LEI: J447T8SLRE824KFZ7546
- Net assets: $18.9B
- Total assets: $19.1B
- 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 | — | $900.7M | 476.16% |
| [Puerto Rico Sales Tax Financing Corp Sales Tax Revenue](https://search.stillhousedata.com/security/74529JRH0) | — | $65.5M | 34.61% |
| [California Community Choice Financing Authority](https://search.stillhousedata.com/security/13013JCS3) | — | $52.3M | 27.63% |
| [Triborough Bridge & Tunnel Authority Sales Tax Revenue](https://search.stillhousedata.com/security/896035DH2) | — | $49.2M | 26.02% |
| [Salt River Project Agricultural Improvement & Power District](https://search.stillhousedata.com/security/79574CHJ5) | — | $47.7M | 25.21% |
| [New York City Transitional Finance Authority Future Tax Secured Revenue](https://search.stillhousedata.com/security/64972JGW2) | — | $47.0M | 24.85% |
| [Chicago Board of Education](https://search.stillhousedata.com/security/167505ZL3) | — | $45.9M | 24.26% |
| [Commonwealth of Massachusetts](https://search.stillhousedata.com/security/57582R5R3) | — | $45.4M | 24.03% |
| [Triborough Bridge & Tunnel Authority](https://search.stillhousedata.com/security/896032BD0) | — | $41.7M | 22.03% |
| [Black Belt Energy Gas District](https://search.stillhousedata.com/security/09182TDU8) | — | $41.2M | 21.77% |
| [New York City Transitional Finance Authority Future Tax Secured Revenue](https://search.stillhousedata.com/security/64972JWF1) | — | $40.9M | 21.60% |
| [Main Street Natural Gas Inc](https://search.stillhousedata.com/security/56035DFK3) | — | $40.3M | 21.31% |
| [Central Plains Energy Project](https://search.stillhousedata.com/security/154871CW5) | — | $40.3M | 21.31% |
| [Commonwealth of Puerto Rico](https://search.stillhousedata.com/security/74514L3K1) | — | $39.3M | 20.77% |
| [Downtown Revitalization Public Infrastructure District](https://search.stillhousedata.com/security/26118TAX8) | — | $38.7M | 20.48% |

## Net asset history

| Report date | Net assets |
| --- | --- |
| 2026-04-30 | $18.9B |
| 2026-01-31 | $18.7B |
| 2025-10-31 | $18.5B |
| 2025-07-31 | $17.0B |
| 2025-04-30 | $16.9B |
| 2025-01-31 | $17.5B |
| 2024-10-31 | $17.7B |
| 2024-07-31 | $17.7B |

## More

- [Registrant: VANGUARD MUNICIPAL BOND FUNDS](https://search.stillhousedata.com/registrant/225997)
- [This page as markdown (for LLM agents)](https://search.stillhousedata.com/fund/S000002896.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.