VCRMVanguard Core Tax-Exempt Bond ETF
Seeks total return through current income exempt from federal personal income taxes and capital appreciation.
By Vanguard · Launched 2024
Annual Cost
0.12%
#474 of 5,861 · low cost
Fund Size
$1.7B
#832 of 5,861 · large
Return (1Y)Goal
+6.8%
Track Record
1 year
#3,861 of 5,861 · seasoned
Performance
Total-return NAV · USDGrowth of $10,000
$10,659+6.6%
Total-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundWhat it actually holds
By weightConcentration
Top 10 holdings = 7.9% of fund✓ well diversified
Vanguard Cmt Funds-Vanguard Municipal Cash Management Fund
2.5%
Commonwealth of Massachusetts Transportation Fund Revenue
0.8%
Great Lakes Water Authority Water Supply System Revenue
0.7%
Triborough Bridge & Tunnel Authority Sales Tax Revenue
0.6%
Public Finance Authority
0.6%
University of California
0.6%
Texas Municipal Gas Acquisition & Supply Corp IV
0.5%
Grand Parkway Transportation Corp
0.5%
California Community Choice Financing Authority
0.5%
MARYLAND CMNTY DEV ADMIN HSG &
0.5%
Asset allocation
Bonds
99.7%
Cash
0.3%
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsVolatility (1Y)
3.1%Low
Year-on-year price swings
Max drawdown
-4.1%Mild
Worst peak-to-trough loss
Sharpe (3Y)
Unavailable
Needs 3+ years of history
Sortino (3Y)
Not yet
Needs 3+ years of history
Bond profile
Avg maturity
10.2 years
Credit ratings
AAA
7.9%
AA
46.1%
A
29.0%
BBB
9.6%
BB
1.7%
Below B
0.2%
Other
5.5%
Listing
- Exchange
- Cboe BZX
Full fund details
- Objective
- Seeks total return through current income exempt from federal personal income taxes and capital appreciation.
- Strategy
- Employs an active management approach, investing primarily in U.S. dollar-denominated municipal bonds rated investment-grade. Aims for total return while maintaining a dollar-weighted average maturity of 8 to 20 years.
- Inception date
- November 21, 2024
- Fund family
- Vanguard
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Data updated on 2026-08-04