VTES Holdings and Portfolio Weights Page 2 - VANGUARD SHORT-TERM TAX-EXEMPT BOND ETF

VTES ETF holdings Page 2

Weights reproduce the dated portfolio and may not sum to exactly 100% because of cash, derivatives, rounding, liabilities, or other positions. Provenance stays internal.

Snapshot field	Reported value
Fund	VANGUARD SHORT-TERM TAX-EXEMPT BOND ETF
Report date	2026-02-28
Reported holdings	3,067
SEC series ID	S000079862

Positions 101–200 of 3,067

Ticker	Issuer	Weight	Value (USD)	Balance
Michigan State Building Authority	Michigan State Building Authority	0.106944%	1,888,603.22	1,635,000 PA
New York City Transitional Finance Authority Future Tax Secured Revenue	New York City Transitional Finance Authority Future Tax Secured Revenue	0.106682%	1,883,978.28	1,755,000 PA
School District of Broward County/FL	School District of Broward County/FL	0.106015%	1,872,193.68	1,700,000 PA
Duval County Public Schools	Duval County Public Schools	0.106%	1,871,938.38	1,855,000 PA
State of California	State of California	0.105643%	1,865,635.84	1,600,000 PA
State of Connecticut	State of Connecticut	0.105331%	1,860,115.3	1,785,000 PA
New Jersey Economic Development Authority	New Jersey Economic Development Authority	0.104922%	1,852,899.34	1,755,000 PA
North Texas Tollway Authority	North Texas Tollway Authority	0.10467%	1,848,450.14	1,805,000 PA
State of Minnesota	State of Minnesota	0.104556%	1,846,436.31	1,590,000 PA
State of Ohio	State of Ohio	0.104209%	1,840,303.84	1,635,000 PA
Houston Independent School District	Houston Independent School District	0.103873%	1,834,375.11	1,805,000 PA
Triborough Bridge & Tunnel Authority	Triborough Bridge & Tunnel Authority	0.102954%	1,818,139.38	1,615,000 PA
Metropolitan Transportation Authority	Metropolitan Transportation Authority	0.102646%	1,812,704.42	1,615,000 PA
University of Pittsburgh-of the Commonwealth System of Higher Education	University of Pittsburgh-of the Commonwealth System of Higher Education	0.102033%	1,801,880.4	1,670,000 PA
State of Maryland	State of Maryland	0.10198%	1,800,935.07	1,650,000 PA
Triborough Bridge & Tunnel Authority	Triborough Bridge & Tunnel Authority	0.101674%	1,795,544.35	1,785,000 PA
University of California	University of California	0.101287%	1,788,703.13	1,565,000 PA
Ohio Water Development Authority	Ohio Water Development Authority	0.101186%	1,786,919.13	1,690,000 PA
State of Maryland	State of Maryland	0.101077%	1,784,986.35	1,670,000 PA
Metropolitan Transportation Authority Dedicated Tax Fund	Metropolitan Transportation Authority Dedicated Tax Fund	0.099782%	1,762,129.18	2,105,000 PA
New York City Transitional Finance Authority Future Tax Secured Revenue	New York City Transitional Finance Authority Future Tax Secured Revenue	0.099688%	1,760,470.6	1,515,000 PA
County of Montgomery MD	County of Montgomery MD	0.099516%	1,757,423.57	1,525,000 PA
Permanent University Fund - University of Texas System	Permanent University Fund - University of Texas System	0.099225%	1,752,293.09	1,515,000 PA
State of Michigan	State of Michigan	0.099073%	1,749,606.68	1,700,000 PA
University of California	University of California	0.099025%	1,748,752.8	1,500,000 PA
Florida Insurance Assistance Interlocal Agency Inc	Florida Insurance Assistance Interlocal Agency Inc	0.09895%	1,747,426.04	1,725,000 PA
Georgia State Road & Tollway Authority	Georgia State Road & Tollway Authority	0.098667%	1,742,433.68	1,730,000 PA
New York State Thruway Authority	New York State Thruway Authority	0.098659%	1,742,295.31	1,505,000 PA
Commonwealth of Pennsylvania	Commonwealth of Pennsylvania	0.098357%	1,736,964.99	1,710,000 PA
Private Colleges & Universities Authority	Private Colleges & Universities Authority	0.098221%	1,734,564.48	1,495,000 PA
County of Clark Department of Aviation	County of Clark Department of Aviation	0.097648%	1,724,442.65	1,580,000 PA
State of New Jersey	State of New Jersey	0.097529%	1,722,338.81	1,660,000 PA
Gwinnett County School District	Gwinnett County School District	0.097311%	1,718,491.01	1,485,000 PA
New York State Dormitory Authority	New York State Dormitory Authority	0.096987%	1,712,769.01	1,505,000 PA
Triborough Bridge & Tunnel Authority	Triborough Bridge & Tunnel Authority	0.096776%	1,709,040.72	1,640,000 PA
New York City Transitional Finance Authority Future Tax Secured Revenue	New York City Transitional Finance Authority Future Tax Secured Revenue	0.096515%	1,704,424.26	1,490,000 PA
City & County of Honolulu HI	City & County of Honolulu HI	0.095415%	1,685,000	1,685,000 PA
Board of Regents of the University of Texas System	Board of Regents of the University of Texas System	0.095413%	1,684,967.86	1,450,000 PA
State of Texas	State of Texas	0.095375%	1,684,303.2	1,500,000 PA
Duval County Public Schools	Duval County Public Schools	0.095008%	1,677,816.6	1,515,000 PA
State of Illinois	State of Illinois	0.094967%	1,677,097.96	1,510,000 PA
State of California	State of California	0.094745%	1,673,163	1,550,000 PA
Triborough Bridge & Tunnel Authority	Triborough Bridge & Tunnel Authority	0.0946%	1,670,607.03	1,615,000 PA
New Jersey Transportation Trust Fund Authority	New Jersey Transportation Trust Fund Authority	0.094465%	1,668,230.82	1,570,000 PA
New York State Thruway Authority	New York State Thruway Authority	0.094462%	1,668,172.65	1,500,000 PA
County of Montgomery MD	County of Montgomery MD	0.094461%	1,668,159.15	1,425,000 PA
West Palm Beach Community Redevelopment Agency	West Palm Beach Community Redevelopment Agency	0.094125%	1,662,228.37	1,550,000 PA
New Jersey Transportation Trust Fund Authority	New Jersey Transportation Trust Fund Authority	0.094103%	1,661,834.84	1,880,000 PA
Metropolitan Transportation Authority	Metropolitan Transportation Authority	0.094102%	1,661,809.12	1,575,000 PA
State of California	State of California	0.093803%	1,656,530.1	1,500,000 PA
State of Maryland	State of Maryland	0.093708%	1,654,851.68	1,635,000 PA
New Jersey Transportation Trust Fund Authority	New Jersey Transportation Trust Fund Authority	0.093694%	1,654,619.29	1,435,000 PA
State of Maryland Department of Transportation	State of Maryland Department of Transportation	0.093584%	1,652,674.2	1,500,000 PA
State of Nevada	State of Nevada	0.093556%	1,652,174.39	1,625,000 PA
New Jersey Transportation Trust Fund Authority	New Jersey Transportation Trust Fund Authority	0.093253%	1,646,830.37	1,635,000 PA
State of Minnesota	State of Minnesota	0.092881%	1,640,247.75	1,500,000 PA
New Jersey Transportation Trust Fund Authority	New Jersey Transportation Trust Fund Authority	0.092817%	1,639,117.5	1,420,000 PA
Charleston Educational Excellence Finance Corp	Charleston Educational Excellence Finance Corp	0.092813%	1,639,055.53	1,605,000 PA
Triborough Bridge & Tunnel Authority	Triborough Bridge & Tunnel Authority	0.092421%	1,632,136.2	1,500,000 PA
New York State Thruway Authority	New York State Thruway Authority	0.092238%	1,628,900.7	1,500,000 PA
North Texas Tollway Authority	North Texas Tollway Authority	0.092021%	1,625,067.03	1,420,000 PA
State of California	State of California	0.091778%	1,620,771.14	1,390,000 PA
State of Maryland	State of Maryland	0.091532%	1,616,424.11	1,460,000 PA
District of Columbia Income Tax Revenue	District of Columbia Income Tax Revenue	0.091504%	1,615,935.06	1,505,000 PA
New York State Dormitory Authority	New York State Dormitory Authority	0.091487%	1,615,640.19	1,445,000 PA
New York City Municipal Water Finance Authority	New York City Municipal Water Finance Authority	0.091329%	1,612,851.48	1,410,000 PA
Bay Area Toll Authority	Bay Area Toll Authority	0.090657%	1,600,973.1	1,500,000 PA
State of Connecticut	State of Connecticut	0.090349%	1,595,538.87	1,425,000 PA
New York State Dormitory Authority	New York State Dormitory Authority	0.089898%	1,587,583.24	1,395,000 PA
City of Houston TX Combined Utility System Revenue	City of Houston TX Combined Utility System Revenue	0.089801%	1,585,868.77	1,555,000 PA
New Mexico Finance Authority	New Mexico Finance Authority	0.089545%	1,581,335.51	1,415,000 PA
State of Georgia	State of Georgia	0.08954%	1,581,243.94	1,410,000 PA
State of North Carolina	State of North Carolina	0.08953%	1,581,083.36	1,485,000 PA
City of New York NY	City of New York NY	0.089502%	1,580,586.05	1,440,000 PA
Arizona Industrial Development Authority	Arizona Industrial Development Authority	0.089176%	1,574,829.26	1,495,000 PA
State of Texas	State of Texas	0.089124%	1,573,904.52	1,350,000 PA
Round Rock Independent School District	Round Rock Independent School District	0.088681%	1,566,083.95	1,440,000 PA
Nebraska Public Power District	Nebraska Public Power District	0.088654%	1,565,606.18	1,490,000 PA
State of California	State of California	0.088643%	1,565,405.53	1,385,000 PA
State of Kansas Department of Transportation	State of Kansas Department of Transportation	0.088379%	1,560,747.28	1,365,000 PA
State Public School Building Authority	State Public School Building Authority	0.088242%	1,558,326.57	1,530,000 PA
Energy Northwest	Energy Northwest	0.088202%	1,557,622.8	1,500,000 PA
Greenville County School District	Greenville County School District	0.0882%	1,557,587.42	1,525,000 PA
Commonwealth of Pennsylvania	Commonwealth of Pennsylvania	0.088091%	1,555,668.43	1,395,000 PA
Illinois State Toll Highway Authority	Illinois State Toll Highway Authority	0.087843%	1,551,279.1	1,515,000 PA
State of California	State of California	0.087771%	1,550,004.5	1,345,000 PA
New York State Dormitory Authority	New York State Dormitory Authority	0.087762%	1,549,845.39	1,360,000 PA
State of California	State of California	0.087594%	1,546,893.9	1,405,000 PA
Texas Department of Transportation State Highway Fund	Texas Department of Transportation State Highway Fund	0.087544%	1,546,005.89	1,325,000 PA
Bay Area Toll Authority	Bay Area Toll Authority	0.087497%	1,545,167.17	1,545,000 PA
Energy Northwest	Energy Northwest	0.087473%	1,544,754.67	1,440,000 PA
Michigan Finance Authority	Michigan Finance Authority	0.087388%	1,543,249.92	1,520,000 PA
Alabama Public School and College Authority	Alabama Public School and College Authority	0.08709%	1,537,983.83	1,470,000 PA
State of Louisiana	State of Louisiana	0.086919%	1,534,963.76	1,370,000 PA
New Jersey Transportation Trust Fund Authority	New Jersey Transportation Trust Fund Authority	0.086779%	1,532,493.28	1,600,000 PA
Metropolitan Water Reclamation District of Greater Chicago	Metropolitan Water Reclamation District of Greater Chicago	0.086664%	1,530,470.7	1,500,000 PA
City of San Antonio TX Electric & Gas Systems Revenue	City of San Antonio TX Electric & Gas Systems Revenue	0.086436%	1,526,440.05	1,500,000 PA
State of Illinois	State of Illinois	0.086405%	1,525,896.9	1,500,000 PA
State of Connecticut	State of Connecticut	0.086189%	1,522,075.47	1,325,000 PA
City of San Antonio TX Electric & Gas Systems Revenue	City of San Antonio TX Electric & Gas Systems Revenue	0.085948%	1,517,824.5	1,500,000 PA