---
ticker: "VCRM"
name: "Vanguard Core Tax-Exempt Bond E"
url: "https://etf.net/etf/VCRM"
grade: "A"
score: 85
graded_at: "2026-10-12"
category: "Other Municipal Bond"
category_rank: "3 of 63"
methodology: "https://etf.net/methodology"
---

# VCRM: Vanguard Core Tax-Exempt Bond E

Grade **A**, Score 85 of 100. Rank 3 of 63 in Other Municipal Bond.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 89 | 8 of 63 |
| Mission | 100 | 1 of 59 |
| Risk | 65 | 4 of 63 |
| Tradability | 89 | 1 of 63 |
| Holdings | 75 | 16 of 63 |
| Durability | 72 | 16 of 63 |

## Top holdings

The fund holds 2386 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | — | Vanguard Municipal Low Duration Fund 12/31/2049 | 5.75% |
| 2 | — | Black Belt Energy Gas District 5.00% 10/01/2035 | 0.70% |
| 3 | — | Black Belt Energy Gas District 5.00% 10/01/2055 | 0.61% |
| 4 | — | Kentucky Public Energy Authority 4.00% 08/01/2052 | 0.53% |
| 5 | — | Jefferson Sales Tax District 5.00% 12/01/2042 | 0.51% |
| 6 | — | Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.00% 07/01/2042 | 0.48% |
| 7 | — | State of Hawaii 4.00% 05/01/2036 | 0.46% |
| 8 | — | Multnomah County School District No 1J Portland 4.00% 06/15/2049 | 0.46% |
| 9 | — | Black Belt Energy Gas District 5.00% 12/01/2034 | 0.45% |
| 10 | — | PEFA Inc 5.00% 04/01/2035 | 0.44% |
| 11 | — | Texas Department of Housing & Community Affairs 6.00% 01/01/2057 | 0.43% |
| 12 | — | Energy Southeast A Cooperative District 5.00% 09/01/2033 | 0.41% |
| 13 | — | Public Finance Authority 5.75% 07/01/2062 | 0.41% |
| 14 | — | Dallas Independent School District Public Facility Corp 5.00% 08/15/2051 | 0.40% |
| 15 | — | Massachusetts Development Finance Agency 6.50% 07/15/2060 | 0.40% |
| 16 | — | Indiana Finance Authority 5.00% 10/01/2046 | 0.38% |
| 17 | — | California Community Choice Financing Authority 5.50% 05/01/2054 | 0.36% |
| 18 | — | Texas Municipal Gas Acquisition & Supply Corp IV 5.50% 01/01/2054 | 0.36% |
| 19 | — | Pennsylvania Housing Finance Agency 6.25% 10/01/2056 | 0.34% |
| 20 | — | St Tammany Parish Hospital Service District No 1 5.00% 07/01/2056 | 0.34% |
| 21 | — | Clark County School District No 122 Ridgefield 4.00% 12/01/2035 | 0.34% |
| 22 | — | Southeast Energy Authority A Cooperative District 4.00% 11/01/2051 | 0.33% |
| 23 | — | Black Belt Energy Gas District 5.00% 12/01/2031 | 0.33% |
| 24 | — | New York State Environmental Facilities Corp 5.00% 06/15/2042 | 0.33% |
| 25 | — | California Public Finance Authority 6.38% 06/01/2059 | 0.33% |
| 26 | — | McPherson County Unified School District No 418 McPherson 5.25% 09/01/2056 | 0.32% |
| 27 | — | Minnesota Municipal Gas Agency 5.00% 09/01/2035 | 0.32% |
| 28 | — | Omaha Public Facilities Corp 5.25% 04/15/2066 | 0.32% |
| 29 | — | Michigan State Hospital Finance Authority 5.25% 11/15/2053 | 0.32% |
| 30 | — | California Community Choice Financing Authority 5.00% 01/01/2055 | 0.32% |

Source: etf.net, https://etf.net/etf/VCRM. Please cite the page URL.