VanguardMuni National LongVCRM · Cboe BZX

Vanguard Core Tax-Exempt Bond ETF (VCRM)

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Price: $74.00; —30 Oct 2026
Assets: $2.2B; Total net assets
Expense ratio: 0.12%; Category 0.75%
Yield: 3.95%; Trailing distributions

1Y return: 1.4%+1.6%; Category -0.2%
3Y CAGR: —; Category 5.7%
5Y CAGR: —; Category -0.5%

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Vanguard Core Tax-Exempt Bond ETF

Calendar-year returns

Fund only: no comparison series covers this fund's history.

Risk statistics

Five years of daily closes. Risk-free rate 4% a year.

Standard deviation: —
Maximum drawdown: —
Sharpe ratio: —
Sortino ratio: —
Beta: —
Alpha: —
R²: —
Information ratio: —
Upside capture: —
Downside capture: —
Tracking error: —

Trailing returns compared with benchmark
Period	1M	3M	6M	YTD	1Y	3YCAGR	5YCAGR	10YCAGR	LaunchCAGR
ETF	+3.7%	-0.4%	-0.5%	+0.7%	+1.4%	—	—	—	+2.6%
Muni National Long average	3.7%	-1.4%	-1.8%	-0.3%	-0.2%	5.7%	-0.5%	1.6%	2.1%
Difference	0.0%	+1.0%	+1.3%	+1.0%	+1.6%	—	—	—	+0.4%

Holdings

Allocation as last published by the fund.

Credit quality

Share of the bonds by rating.

AAA8.8%
AA50.4%
A26.7%
BBB7.0%
BB1.1%
Below B0.2%
Other5.9%

Asset mix

Bonds100.1%
Other0.0%

ETF details

Issuer: Vanguard
Category: Fixed Income · Muni National Long
Ticker: VCRM
Exchange: Cboe BZX
Inception: 21 Nov 2024 (1.9 years)
Structure: Exchange Traded Fund
Expense ratio: 0.12% (category 0.75%)
Holdings turnover: 18% (category 32%)
Distribution yield: 3.95%
Beta, 3 years: 0.00
Total net assets: $2.2B
Average maturity: 9.62 years

Prices and returns as of 30 Oct 2026; total return with distributions reinvested, before brokerage and taxes. Not investment advice.

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