# VANGUARD ULTRA-SHORT-TERM TAX-EXEMPT FUND

VANGUARD ULTRA-SHORT-TERM TAX-EXEMPT FUND is a registered fund series of VANGUARD MUNICIPAL BOND FUNDS (series S000002897). Net assets $17.8B as of 2026-04-30.

## Profile

- Series ID: S000002897
- Registrant: VANGUARD MUNICIPAL BOND FUNDS
- LEI: GGTVB4H7PGEDHLTPA045
- Net assets: $17.8B
- Total assets: $18.1B
- 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 | — | $329.8M | 185.59% |
| [Nuveen AMT-Free Quality Municipal Income Fund](https://search.stillhousedata.com/security/670657709) | — | $219.0M | 123.22% |
| [Black Belt Energy Gas District](https://search.stillhousedata.com/security/09182TAM9) | — | $203.0M | 114.23% |
| [Kentucky Public Energy Authority](https://search.stillhousedata.com/security/74440DFN9) | — | $182.5M | 102.67% |
| [California Community Choice Financing Authority](https://search.stillhousedata.com/security/13013JCS3) | — | $163.9M | 92.24% |
| [Black Belt Energy Gas District](https://search.stillhousedata.com/security/09182TAF4) | — | $138.3M | 77.82% |
| [Main Street Natural Gas Inc](https://search.stillhousedata.com/security/56035DCR1) | — | $131.4M | 73.95% |
| [California Statewide Communities Development Authority](https://search.stillhousedata.com/security/13080S2U7) | — | $124.3M | 69.91% |
| [Nuveen AMT-Free Quality Municipal Income Fund](https://search.stillhousedata.com/security/670657774) | — | $110.7M | 62.31% |
| [Nuveen AMT-Free Municipal Credit Income Fund](https://search.stillhousedata.com/security/67071L791) | — | $103.7M | 58.35% |
| [Commonwealth of Puerto Rico](https://search.stillhousedata.com/security/74514L3G0) | — | $102.2M | 57.51% |
| [New York City Housing Development Corp](https://search.stillhousedata.com/security/64972KNM3) | — | $101.4M | 57.04% |
| [Main Street Natural Gas Inc](https://search.stillhousedata.com/security/56035DCZ3) | — | $101.1M | 56.89% |
| [Allegheny County Hospital Development Authority](https://search.stillhousedata.com/security/01728A5V4) | — | $99.2M | 55.83% |
| [Main Street Natural Gas Inc](https://search.stillhousedata.com/security/56035DDH2) | — | $93.1M | 52.36% |

## Net asset history

| Report date | Net assets |
| --- | --- |
| 2026-04-30 | $17.8B |
| 2026-01-31 | $17.6B |
| 2025-10-31 | $16.7B |
| 2025-07-31 | $16.3B |
| 2025-04-30 | $15.2B |
| 2025-01-31 | $14.9B |
| 2024-10-31 | $14.4B |
| 2024-07-31 | $14.8B |

## More

- [Registrant: VANGUARD MUNICIPAL BOND FUNDS](https://search.stillhousedata.com/registrant/225997)
- [This page as markdown (for LLM agents)](https://search.stillhousedata.com/fund/S000002897.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.