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VCRM
Municipal Bonds
Active

Vanguard Core Tax-Exempt Bond ETF

This ETF provides exposure to US Investment Grade Municipal Bonds

VCRM performance and flow charts

Last update 11/3/2026 at 2:30 PM
Live
Closed
Last price
$73.85
+$0.01 (+0.01%) Today

Performance

-1.00.01.02.03.0%Oct 2Oct 9Oct 16Oct 23Oct 30

Flows

0 M200 M400 M600 M800 M
1 day price range
$73.76
$73.88
52 week price range
$70.93
$77.00
1W perf
+0.63%
YTD perf
+0.76%
YTD flows
+$2.26B
AuM
$3.06B
E/R
0.12%
TTM yield
4.1%
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Historic performance and flows

Data as of November 2, 2026
1M3MYTD1Y3Y5Y
Perf.+3.37%-0.31%+0.76%+1.25%
Flows+$753M+$1.27B+$2.26B+$2.44B--
Data as of November 2, 2026
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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Characteristics

This fund is actively managed; it does not track an index. This share class generates a stream of income by distributing dividends.

Management strategyActive
StrategyLong Only
ProviderVanguard
N° of holdings2587
Dividend policyDistributing
Trailing 12m distribution yield
Join for free
Inception dateNovember 19, 2024
ESGNo
TrackinsightTrackinsight

More data and info about VCRM on Trackinsight

Exposure

Data as of September 30, 2026

Diversification

9.59%

Total weight of top 15 holdings out of 2,587

Top 15 Holdings

US59465HYV22
1.18%
US19648FJ476
0.94%
US13068XTN92
0.94%
US13068XTP41
0.92%
US01065CAM55
0.62%
Black Belt Energy Gas District, 5% 1oct2035, USD (2025)
0.57%
City of New York, 5% 1aug2032, USD (2026)
0.56%
US79574CJF14
0.51%
US09182TEC71
0.5%
Triborough Bridge and Tunnel Authority, 5% 15nov2042, USD (2017C)
0.5%
State of Washington, 5% 1jun2040, USD (2021A)
0.5%
US13068XTR07
0.48%
Massachusetts Development Finance Agency, 5% 15may2055, USD (2025A-2)
0.47%
California, 5% 1oct2032, USD
0.46%
US250336FR00
0.45%

Sectors

Municipal
45.4%
Other
54.6%

Countries

USA
45.4%
Other
54.6%

Maturity

25Y+
12.43%
5-10Y
10.42%
10-15Y
7.89%
15-20Y
7.81%
Other
61.44%

Credit rating

Other
100%
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Trading data

Last sale
11/3/2026 at 2:30 PM
$73.85
Previous close
$73.84
Consolidated volume
11/02/2026
Join for free
Average volume
30 days
Join for free
Average discount or premium
30 days
Join for free
Average Bid/Ask spread
30 days
Join for free

Volatility and drawdown

3M1Y3Y5Y
Volatility+5.49%+3.49%
Max drawdown
-5.58%-6.33%
Max drawdown duration
81d119dN/AN/A
Time to recover
N/AN/AN/AN/A
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Frequently asked questions about VCRM

What type of ETF is VCRM?

VCRM is a Active ETF that provides exposure to Fixed Income assets. It is managed by Vanguard.

What does VCRM invest in?

This ETF provides exposure to US Investment Grade Municipal Bonds. It is part of the segment: Municipal Bonds.

What is the expense ratio of VCRM?

The total expense ratio (TER) of VCRM is 0.12%, representing the annual fee charged by the fund manager.

When was VCRM launched?

VCRM was launched on November 19, 2024, marking its entry into the ETF market.

Who is the issuer of VCRM?

VCRM is issued by Vanguard.

What is the AUM of VCRM?

As of November 2, 2026, VCRM manages $3.06 B, reflecting the total assets held in the fund.

How has VCRM performed recently?

As of November 2, 2026, VCRM delivered a return of 3.37% over the past month (1M performance), -0.31% over the past three months (3M), and 0.76% year-to-date (YTD).

What are the recent fund flows for VCRM?

As of November 2, 2026, VCRM has seen net flows of +$753M in the past month (1M flow) and +$2.26B year-to-date (YTD).

Does VCRM pay dividends?

As of November 2, 2026, VCRM has a trailing 12-month distribution yield of 4.1%.

How many holdings are in VCRM

As of September 30, 2026, VCRM holds 2587 securities in its portfolio. This level of diversification can influence the fund’s risk profile and exposure to individual assets.

How diversified is VCRM?

As of September 30, 2026, VCRM holds 2587 securities, with 9.59% of its assets concentrated in its top 15 holdings.

What are the top holdings of VCRM?

As of September 30, 2026, VCRM holds a portfolio of 2587 underlyings, with its largest positions including US59465HYV22, US19648FJ476 and US13068XTN92. These top holdings play a significant role in shaping the fund’s performance and exposure.

What countries or regions does VCRM invest in?

As of September 30, 2026, VCRM has its largest geographic exposures in USA.

What sectors or themes does VCRM focus on?

As of September 30, 2026, VCRM is primarily exposed to Municipal.

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