Vanguard® Intermediate-Term Tax-Exempt Fund
Schedule of Investments (unaudited)
As of January 31, 2025
The fund files its complete schedule of portfolio holdings with the Securities and Exchange Commission (SEC) for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT. The fund’s Form N-PORT reports are available on the SEC’s website at www.sec.gov.
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
Tax-Exempt Municipal Bonds (98.6%)
Alabama (3.7%)
  Alabama Corrections Institution Finance Authority Lease (Appropriation) Revenue 5.000%   7/1/28       1,015      1,078
  Alabama Corrections Institution Finance Authority Lease (Appropriation) Revenue 5.000%   7/1/29       1,895      2,043
  Alabama Corrections Institution Finance Authority Lease (Appropriation) Revenue 5.000%   7/1/30       4,800      5,240
  Alabama Corrections Institution Finance Authority Lease (Appropriation) Revenue 5.000%   7/1/31       3,600      3,976
  Alabama Federal Aid Highway Finance Authority Government Fund/Grant Revenue, Prere. 4.000%   9/1/27      10,030     10,328
  Alabama Federal Aid Highway Finance Authority Government Fund/Grant Revenue, Prere. 5.000%   9/1/27       3,345      3,527
  Alabama Highway Finance Corp. Sales Tax Revenue 5.000%   8/1/33       1,005      1,092
  Alabama Highway Finance Corp. Sales Tax Revenue 5.000%   8/1/34       1,320      1,431
  Alabama Highway Finance Corp. Sales Tax Revenue 5.000%   8/1/35       1,250      1,351
  Alabama Highway Finance Corp. Sales Tax Revenue 5.000%   8/1/37       1,000      1,074
  Alabama Highway Finance Corp. Sales Tax Revenue 5.000%   8/1/38       1,000      1,071
  Alabama Highway Finance Corp. Sales Tax Revenue 5.000%   8/1/40         755        802
  Alabama Housing Finance Authority 4.450%   8/1/45       3,760      3,684
  Alabama Public School & College Authority Miscellaneous Taxes Revenue 4.000%  11/1/36      11,000     11,248
  Alabama Public School & College Authority Miscellaneous Taxes Revenue 5.000%  11/1/37      34,600     37,428
  Alabama Public School & College Authority Miscellaneous Taxes Revenue 4.000%  11/1/40       4,535      4,548
  Alabama Special Care Facilities Financing Authority-Birmingham AL Health, Hospital, Nursing Home Revenue 5.000%   6/1/29       2,195      2,206
  Auburn AL GO 5.000%   8/1/39       2,000      2,183
  Auburn AL GO 5.000%   8/1/41       2,540      2,746
  Auburn University College & University Revenue 5.000%   6/1/37       2,310      2,413
  Baldwin County AL Board of Education Sales Tax Revenue 5.000%   6/1/28       2,750      2,753
  Baptist Health Care Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/35       1,500      1,600
  Baptist Health Care Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/36       1,000      1,063
  Baptist Health Care Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/37         875        925
1 Birmingham Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/34         375        407
1 Birmingham Airport Authority Port, Airport & Marina Revenue 4.000%   7/1/35         350        356
1 Birmingham Airport Authority Port, Airport & Marina Revenue 4.000%   7/1/37         500        503
1 Birmingham Airport Authority Port, Airport & Marina Revenue 4.000%   7/1/38         400        400
1 Birmingham Airport Authority Port, Airport & Marina Revenue 4.000%   7/1/39         400        397
1 Birmingham Airport Authority Port, Airport & Marina Revenue 4.000%   7/1/40         600        592
  Birmingham Water Works Board Water Revenue 5.000%   1/1/27       1,100      1,144
  Birmingham Water Works Board Water Revenue 5.000%   1/1/29         400        430
  Birmingham Water Works Board Water Revenue 5.000%   1/1/31         900        994
  Birmingham Water Works Board Water Revenue, Prere. 5.000%   1/1/27       5,000      5,219
  Birmingham-Jefferson Civic Center Authority Special Tax Revenue 5.000%   7/1/32       1,150      1,205
  Birmingham-Jefferson Civic Center Authority Special Tax Revenue 5.000%   7/1/33       1,500      1,569
  Birmingham-Jefferson Civic Center Authority Special Tax Revenue 5.000%   7/1/34       1,825      1,906
  Birmingham-Jefferson Civic Center Authority Special Tax Revenue 5.000%   7/1/35       2,155      2,247
  Black Belt Energy Gas District Natural Gas Revenue 5.000%  11/1/27       1,840      1,903
  Black Belt Energy Gas District Natural Gas Revenue 5.000%  11/1/28       1,470      1,536
  Black Belt Energy Gas District Natural Gas Revenue 5.000%  11/1/29       1,870      1,971
  Black Belt Energy Gas District Natural Gas Revenue (Gas Project No.7) PUT 4.000%  12/1/26      83,395     83,643
  Black Belt Energy Gas District Natural Gas Revenue (Gas Project No.8) PUT 4.000%  12/1/29     108,155    106,759
  Black Belt Energy Gas District Natural Gas Revenue (Gas Project) PUT 5.000%   6/1/28     108,600    112,134
  Black Belt Energy Gas District Natural Gas Revenue (Gas Project) PUT 5.500%  12/1/28      17,660     18,641
  Black Belt Energy Gas District Natural Gas Revenue (Gas Project) PUT 5.500%   2/1/29      90,075     95,429
  Black Belt Energy Gas District Natural Gas Revenue (Project No. 4) PUT 4.000%  12/1/25      38,860     39,009
  Black Belt Energy Gas District Natural Gas Revenue (Project No. 5) PUT 4.000%  10/1/26       8,490      8,525
  Black Belt Energy Gas District Natural Gas Revenue (Project No. 6) 4.000%  12/1/25       2,955      2,969
2 Black Belt Energy Gas District Natural Gas Revenue (Project No. 7), SIFMA Municipal Swap Index Yield + 0.350% 2.600%  10/1/52      71,250     69,366
  Black Belt Energy Gas District Natural Gas Revenue PUT 4.000%   6/1/27      43,865     44,322
  Black Belt Energy Gas District Natural Gas Revenue PUT 4.000%  10/1/27      16,160     16,177
  Black Belt Energy Gas District Natural Gas Revenue PUT 5.250%   6/1/29     130,010    136,502
  Black Belt Energy Gas District Natural Gas Revenue PUT 5.250%  10/1/30      37,590     39,961
  Black Belt Energy Gas District Natural Gas Revenue PUT 5.250%  12/1/30      19,025     20,464
  Black Belt Energy Gas District Natural Gas Revenue PUT 5.000%   7/1/31     111,340    117,968
  Black Belt Energy Gas District Natural Gas Revenue PUT 4.000%  12/1/31      36,150     36,426
  Black Belt Energy Gas District Natural Gas Revenue PUT 5.500%   6/1/32      57,890     62,678
  Black Belt Energy Gas District Natural Gas Revenue PUT 5.000%   9/1/32     164,620    173,309
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Black Belt Energy Gas District Natural Gas Revenue PUT 5.250%   9/1/32      84,410     89,753
  Black Belt Energy Gas District Natural Gas Revenue PUT 5.000%  11/1/34     103,185    110,233
3 Chatom Industrial Development Board Electric Power & Light Revenue 5.000%   8/1/28         485        512
3 Chatom Industrial Development Board Electric Power & Light Revenue 5.000%   8/1/29         500        533
3 Chatom Industrial Development Board Electric Power & Light Revenue 5.000%   8/1/30         425        458
  DCH Healthcare Authority Health, Hospital, Nursing Home Revenue 4.000%   6/1/37       1,565      1,544
  DCH Healthcare Authority Health, Hospital, Nursing Home Revenue 4.000%   6/1/39       1,695      1,637
4,5 East Alabama Health Care Authority Health Care Facilities Revenue TOB VRDO 1.440%   2/3/25      10,920     10,920
  Energy Southeast A Cooperative District Natural Gas Revenue PUT 5.500%   1/1/31      14,900     16,076
  Energy Southeast A Cooperative District Natural Gas Revenue PUT 5.750%  11/1/31      50,355     55,432
  Energy Southeast A Cooperative District Natural Gas Revenue PUT 5.250%   6/1/32      98,285    105,909
  Homewood Educational Building Authority College & University Revenue (Recreation Center Project) 5.500%  10/1/40       1,405      1,514
  Homewood Educational Building Authority College & University Revenue (Recreation Center Project) 5.500%  10/1/42       1,040      1,110
  Homewood Educational Building Authority College & University Revenue (Recreation Center Project) 5.500%  10/1/43       1,100      1,168
  Homewood Educational Building Authority College & University Revenue (Recreation Center Project) 5.500%  10/1/44       1,160      1,227
  Homewood Educational Building Authority College & University Revenue (Student Housing & Parking Project) 5.500%  10/1/44         900        952
  Hoover AL GO 5.000%   3/1/41       4,850      5,301
  Hoover AL GO, Prere. 4.000%   7/1/26       2,485      2,530
  Huntsville AL Electric System Electric Power & Light Revenue 5.000%  12/1/28         500        523
  Huntsville AL Electric System Electric Power & Light Revenue 5.000%  12/1/29       1,000      1,041
  Huntsville AL Electric System Electric Power & Light Revenue 5.000%  12/1/29         500        521
  Huntsville AL Electric System Electric Power & Light Revenue 5.000%  12/1/32       1,040      1,076
  Huntsville AL Electric System Electric Power & Light Revenue 5.000%  12/1/33       1,010      1,044
  Huntsville AL Electric System Electric Power & Light Revenue 5.000%  12/1/34       1,880      1,941
  Huntsville AL Electric System Electric Power & Light Revenue 5.000%  12/1/35       2,000      2,062
  Huntsville AL Electric System Electric Power & Light Revenue 5.000%  12/1/36       2,025      2,086
  Huntsville AL Electric System Electric Power & Light Revenue 5.000%  12/1/37       1,500      1,542
  Huntsville AL Electric System Electric Power & Light Revenue 5.000%  12/1/38       1,325      1,360
  Huntsville AL GO 5.000%   5/1/26       2,660      2,735
  Huntsville AL GO 5.000%   5/1/34       3,515      3,679
  Huntsville AL GO 5.000%   5/1/35       3,690      3,857
  Huntsville AL GO 5.000%   5/1/35       3,000      3,136
  Huntsville AL GO 5.000%   5/1/36       3,875      4,045
  Huntsville AL GO 5.000%   5/1/36       4,330      4,520
  Huntsville AL GO 5.000%   5/1/36       5,055      5,400
  Huntsville AL GO 5.000%   5/1/37       4,070      4,242
  Huntsville AL GO 5.000%   5/1/37       3,050      3,179
  Huntsville AL GO 5.000%   5/1/37       5,055      5,387
  Huntsville AL GO 5.000%   5/1/38       2,270      2,361
  Huntsville AL GO 5.000%   3/1/41       2,250      2,467
  Huntsville AL GO 5.000%   3/1/42         845        922
  Huntsville AL GO 5.000%   3/1/42       4,020      4,385
  Huntsville Health Care Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/36       4,190      4,411
  Huntsville Health Care Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/37       4,300      4,502
  Huntsville Health Care Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/38       6,000      6,242
  Huntsville Health Care Authority Health, Hospital, Nursing Home Revenue 4.000%   6/1/39       4,540      4,537
  Huntsville Health Care Authority Health, Hospital, Nursing Home Revenue 4.000%   6/1/40       3,600      3,560
  Huntsville Health Care Authority Health, Hospital, Nursing Home Revenue 4.000%   6/1/45      17,870     16,663
  Huntsville Health Care Authority Health, Hospital, Nursing Home Revenue PUT 5.000%   6/1/30      22,825     24,380
  Infirmary Health System Special Care Facilities Financing Authority of Mobile Health, Hospital, Nursing Home Revenue 4.000%   2/1/37       1,750      1,710
  Infirmary Health System Special Care Facilities Financing Authority of Mobile Health, Hospital, Nursing Home Revenue 4.000%   2/1/38       1,790      1,721
  Infirmary Health System Special Care Facilities Financing Authority of Mobile Health, Hospital, Nursing Home Revenue 4.000%   2/1/39       2,120      2,016
  Infirmary Health System Special Care Facilities Financing Authority of Mobile Health, Hospital, Nursing Home Revenue 4.000%   2/1/41       2,210      2,056
  Jacksonville State University College & University Revenue 5.000%  12/1/29       1,465      1,560
  Jefferson County AL Board of Education Special Tax Revenue 5.000%   2/1/39       1,000      1,101
  Jefferson County AL Board of Education Special Tax Revenue 5.000%   2/1/40       1,435      1,568
  Jefferson County AL Board of Education Special Tax Revenue 5.000%   2/1/41       1,800      1,953
  Jefferson County AL Board of Education Special Tax Revenue 5.000%   2/1/42       1,670      1,802
4 Jefferson County AL Board of Education Special Tax Revenue TOB VRDO 2.000%   2/3/25       6,510      6,510
  Jefferson County AL GO 5.000%   4/1/26       5,985      6,129
  Jefferson County AL Sales Tax Revenue 5.000%  9/15/26       2,650      2,738
  Jefferson County AL Sales Tax Revenue 5.000%  9/15/27       5,715      5,954
  Jefferson County AL Sales Tax Revenue 5.000%  9/15/28       2,540      2,634
  Jefferson County AL Sales Tax Revenue 5.000%  9/15/29       5,305      5,493
  Jefferson County AL Sales Tax Revenue 5.000%  9/15/30       7,575      7,833
  Jefferson County AL Sales Tax Revenue 5.000%  9/15/32       5,000      5,153
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Jefferson County AL Sales Tax Revenue 5.000%  9/15/33       6,700      6,893
  Jefferson County AL Sales Tax Revenue 5.000%  9/15/34       3,305      3,397
  Jefferson County AL Sales Tax Revenue 4.000%  9/15/36       5,105      5,111
  Jefferson County AL Sales Tax Revenue 4.000%  9/15/37      16,995     16,995
  Jefferson County AL Sewer Revenue 5.000%  10/1/25       1,255      1,270
  Jefferson County AL Sewer Revenue 5.000%  10/1/27       1,295      1,353
  Jefferson County AL Sewer Revenue 5.000%  10/1/29       1,270      1,361
  Jefferson County AL Sewer Revenue 5.000%  10/1/30       2,100      2,271
  Jefferson County AL Sewer Revenue 5.000%  10/1/31       2,195      2,396
  Jefferson County AL Sewer Revenue 5.000%  10/1/32       4,425      4,865
  Jefferson County AL Sewer Revenue 5.000%  10/1/33       6,000      6,638
  Jefferson County AL Sewer Revenue 5.000%  10/1/34       6,500      7,170
  Jefferson County AL Sewer Revenue 5.000%  10/1/35       5,700      6,263
  Jefferson County AL Sewer Revenue 5.000%  10/1/36       6,000      6,567
  Jefferson County AL Sewer Revenue 5.000%  10/1/37       6,000      6,532
  Jefferson County AL Sewer Revenue 5.000%  10/1/38       7,750      8,394
  Jefferson County AL Sewer Revenue 5.000%  10/1/39       8,500      9,153
  Jefferson County AL Sewer Revenue 5.250%  10/1/40       2,000      2,183
  Jefferson County AL Sewer Revenue 5.250%  10/1/41       2,000      2,170
  Jefferson County AL Sewer Revenue 5.250%  10/1/42      11,250     12,151
  Jefferson County AL Sewer Revenue 5.250%  10/1/43      10,250     11,016
  Jefferson County AL Sewer Revenue 5.250%  10/1/44      10,600     11,343
  Jefferson County AL Sewer Revenue 5.250%  10/1/45      14,130     15,072
1 Limestone County Water & Sewer Authority Water Revenue, Prere. 5.000%  12/1/26       4,400      4,573
  Lower Alabama Gas District Natural Gas Revenue 5.000%   9/1/31       2,500      2,673
  Lower Alabama Gas District Natural Gas Revenue (Gas Project Revenue Bonds Project) PUT 4.000%  12/1/25      36,010     36,101
  Mobile Alabama Industrial Development Board Industrial Revenue (Alabama Power Co. Barry Plant Project) PUT 3.780%  6/16/26       4,215      4,241
  Mobile County Board of School Commissioners Special Tax Revenue 5.000%   3/1/27       3,505      3,578
  Mobile County Board of School Commissioners Special Tax Revenue 5.000%   3/1/29       3,575      3,641
  Mobile County Board of School Commissioners Special Tax Revenue 5.000%   3/1/30       2,500      2,542
  Mobile County Board of School Commissioners Special Tax Revenue 5.000%   3/1/31       3,000      3,048
  Montgomery AL GO 3.000%  12/1/33       4,780      4,499
  Montgomery AL GO 3.000%  12/1/34       3,415      3,162
  Montgomery AL GO 3.000%  12/1/35       1,500      1,364
  Montgomery AL GO 4.000%  12/1/35         500        506
  Montgomery AL GO 3.000%  12/1/37       1,000        882
  Montgomery AL GO 3.000%  12/1/38       1,000        868
  Montgomery AL GO 3.000%  12/1/39       1,000        854
  Mountain Brook Board of Education GO 4.000%   3/1/34         200        207
  Mountain Brook Board of Education GO 4.000%   3/1/36         300        307
  Mountain Brook Board of Education GO 3.000%   3/1/38         225        202
  Mountain Brook Board of Education GO 3.000%   3/1/39         165        146
  Mountain Brook Board of Education GO 3.000%   3/1/40         250        217
  Mountain Brook Board of Education GO 3.000%   3/1/41         490        419
  Orange Beach Water Sewer & Fire Protection Authority Water Revenue 4.000%  5/15/35       4,000      4,114
  Pell City Alabama Special Care Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/29       4,765      5,022
  Pell City Alabama Special Care Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%  12/1/33       5,695      5,634
  Pell City Alabama Special Care Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%  12/1/34       4,800      4,725
  Pell City Alabama Special Care Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%  12/1/35       6,265      6,129
  Pell City Alabama Special Care Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%  12/1/36       6,515      6,332
  Pell City Alabama Special Care Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%  12/1/37       6,780      6,531
  Pell City Alabama Special Care Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%  12/1/38       6,050      5,774
  Pell City Alabama Special Care Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%  12/1/39       3,330      3,145
  Southeast Alabama Gas Supply District Natural Gas Revenue (Project No. 1) PUT 5.000%   4/1/32     114,410    121,777
  Southeast Alabama Gas Supply District Natural Gas Revenue (Project No. 2) 5.000%   5/1/31       4,365      4,631
  Southeast Alabama Gas Supply District Natural Gas Revenue (Project No. 2) 5.000%  11/1/31       2,665      2,834
  Southeast Alabama Gas Supply District Natural Gas Revenue (Project No. 2) PUT 5.000%   5/1/32      35,945     38,161
  Southeast Energy Authority A Cooperative District Electric Power & Light Revenue 5.000%   6/1/33       1,000      1,059
  Southeast Energy Authority A Cooperative District Electric Power & Light Revenue 5.000%   6/1/34       1,020      1,082
  Southeast Energy Authority A Cooperative District Electric Power & Light Revenue PUT 5.000%   6/1/35     111,225    116,687
  Southeast Energy Authority A Cooperative District Natural Gas Revenue (Project No. 1) PUT 4.000%  10/1/28      25,540     25,572
  Southeast Energy Authority A Cooperative District Natural Gas Revenue (Project No. 2) 4.000%  12/1/31         455        456
  Southeast Energy Authority A Cooperative District Natural Gas Revenue (Project No. 3) PUT 5.500%  12/1/29      32,665     34,800
  Southeast Energy Authority A Cooperative District Natural Gas Revenue (Project No. 4) PUT 5.000%   8/1/28      18,485     19,177
  Southeast Energy Authority A Cooperative District Natural Gas Revenue (Project No. 5) PUT 5.250%   7/1/29     144,570    152,027
  Southeast Energy Authority A Cooperative District Natural Gas Revenue (Project No. 6) PUT 5.000%   6/1/30      17,630     18,633
  Southeast Energy Authority A Cooperative District Natural Gas Revenue PUT 5.000%  11/1/32      82,950     88,710
  Tuscaloosa City Board of Education Miscellaneous Taxes Revenue 5.000%   8/1/30       1,600      1,638
  Tuscaloosa City Board of Education Miscellaneous Taxes Revenue, Prere. 5.000%   8/1/26       1,045      1,079
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Tuscaloosa City Board of Education Miscellaneous Taxes Revenue, Prere. 5.000%   8/1/26       1,500      1,548
  Tuscaloosa City Board of Education Miscellaneous Taxes Revenue, Prere. 5.000%   8/1/26       2,025      2,090
  UAB Medicine Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/29         800        864
  UAB Medicine Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/30         600        646
  UAB Medicine Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/33       2,000      2,061
  UAB Medicine Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/34       2,055      2,097
  UAB Medicine Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/34       2,000      2,056
  University of Alabama at Birmingham College & University Revenue 3.000%  10/1/35       1,000        925
  University of Alabama at Birmingham College & University Revenue 3.000%  10/1/37       2,230      2,018
  University of Alabama at Birmingham College & University Revenue 3.000%  10/1/38       2,340      2,082
  University of Alabama College & University Revenue 3.000%   7/1/36       8,580      7,802
  University of Alabama College & University Revenue 3.000%   7/1/37       5,840      5,238
  University of Alabama College & University Revenue 3.000%   7/1/37       4,825      4,328
  University of Alabama College & University Revenue 3.000%   7/1/38      12,520     11,053
3 University of South Alabama College & University Revenue 5.000%  11/1/27       2,035      2,101
3 University of South Alabama College & University Revenue 5.000%  11/1/28       2,310      2,388
3 University of South Alabama College & University Revenue 5.000%  11/1/29       1,110      1,149
3 University of South Alabama College & University Revenue 5.000%   4/1/30         400        435
3 University of South Alabama College & University Revenue 5.000%   4/1/31         425        460
1 University of South Alabama College & University Revenue 5.000%   4/1/32       5,545      6,154
1 University of South Alabama College & University Revenue 5.000%   4/1/33       4,835      5,411
3 University of South Alabama College & University Revenue 5.000%  11/1/33       5,110      5,284
3 University of South Alabama College & University Revenue 4.000%   4/1/36       1,400      1,409
3 University of South Alabama College & University Revenue 4.000%   4/1/38       1,000      1,001
3 University of South Alabama College & University Revenue 4.000%   4/1/40       1,030      1,012
  West Jefferson Industrial Development Board Industrial Revenue (Alabama Power Co. Project) 3.650%   6/1/28       7,825      7,885
                                   2,885,237
Alaska (0.2%)
6 Alaska GO 5.000%   8/1/26       2,665      2,730
6 Alaska GO 5.000%   8/1/28       1,425      1,509
6 Alaska GO 5.000%   8/1/29       1,000      1,074
6 Alaska GO 5.000%   8/1/30       1,790      1,951
6 Alaska GO 5.000%   8/1/31       1,560      1,720
6 Alaska GO 5.000%   8/1/32       1,845      2,052
6 Alaska GO 5.000%   8/1/33       1,665      1,866
6 Alaska GO 5.000%   8/1/34       3,275      3,694
6 Alaska GO 5.000%   8/1/35       2,190      2,484
  Alaska Housing Finance Corp. Local or Guaranteed Housing Revenue 5.000%  12/1/30       2,500      2,710
  Alaska Housing Finance Corp. Local or Guaranteed Housing Revenue 5.000%  12/1/33       8,430      9,070
  Alaska Housing Finance Corp. Local or Guaranteed Housing Revenue 5.000%  12/1/34       4,015      4,296
  Alaska Housing Finance Corp. Local or Guaranteed Housing Revenue 5.000%   6/1/36         250        265
  Alaska Housing Finance Corp. Local or Guaranteed Housing Revenue 2.350%  12/1/39       2,000      1,541
  Alaska Housing Finance Corp. Local or Guaranteed Housing Revenue 6.000%   6/1/54       4,100      4,439
  Alaska Housing Finance Corp. Local or Guaranteed Housing Revenue (State Capital Project Bond) 5.000%   6/1/29       1,100      1,184
  Alaska Housing Finance Corp. Local or Guaranteed Housing Revenue (State Capital Project Bond) 4.000%   6/1/30       1,120      1,160
  Alaska Housing Finance Corp. Local or Guaranteed Housing Revenue (State Capital Project Bond) 5.000%  12/1/30         900        984
  Alaska Housing Finance Corp. Local or Guaranteed Housing Revenue (State Capital Project Bond) 5.000%  12/1/31       1,125      1,241
  Alaska Housing Finance Corp. Local or Guaranteed Housing Revenue (State Capital Project Bond) 5.000%   6/1/32         920      1,007
  Alaska Housing Finance Corp. Local or Guaranteed Housing Revenue (State Capital Project Bond) 5.000%  12/1/32         940      1,028
  Alaska Housing Finance Corp. Local or Guaranteed Housing Revenue (State Capital Project Bond) 5.000%   6/1/33         870        948
  Alaska Housing Finance Corp. Local or Guaranteed Housing Revenue (State Capital Project Bond) 5.000%  12/1/33         955      1,040
  Alaska Housing Finance Corp. Local or Guaranteed Housing Revenue (State Capital Project Bond) 5.000%  12/1/34       1,335      1,440
  Alaska Housing Finance Corp. Local or Guaranteed Housing Revenue (State Capital Project Bond) 4.000%   6/1/37       1,750      1,770
6 Alaska International Airports System Port, Airport & Marina Revenue 5.000%  10/1/27       1,485      1,540
6 Alaska International Airports System Port, Airport & Marina Revenue 5.000%  10/1/28       1,250      1,315
6 Alaska International Airports System Port, Airport & Marina Revenue 5.000%  10/1/29         915        974
6 Alaska International Airports System Port, Airport & Marina Revenue 5.000%  10/1/32       1,870      2,050
  Alaska International Airports System Port, Airport & Marina Revenue 5.000%  10/1/33       1,945      2,205
  Alaska International Airports System Port, Airport & Marina Revenue 4.000%  10/1/34       1,000      1,037
  Alaska International Airports System Port, Airport & Marina Revenue 4.000%  10/1/35         850        878
6 Alaska International Airports System Port, Airport & Marina Revenue 5.000%  10/1/35       3,235      3,538
4 Alaska Municipal Bond Bank Authority Health, Hospital, Nursing Home Revenue TOB VRDO 2.030%   2/3/25       6,750      6,750
  Alaska Municipal Bond Bank Authority Miscellaneous Revenue 5.000%  12/1/36       1,125      1,242
  Alaska Municipal Bond Bank Authority Miscellaneous Revenue 5.000%  12/1/37       3,080      3,324
  Anchorage AK Wastewater Sewer Revenue 5.000%   5/1/30       1,590      1,658
  Anchorage AK Wastewater Sewer Revenue 5.000%   5/1/31       2,000      2,081
  Anchorage AK Water Revenue 5.000%   5/1/30       2,095      2,189
  Anchorage AK Water Revenue 5.000%   5/1/31       1,570      1,639
  Anchorage AK Water Revenue 5.000%   5/1/34       4,000      4,160
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Anchorage AK Water Revenue 5.000%   5/1/35       4,000      4,159
  Anchorage AK Water Revenue 5.000%   5/1/36       3,470      3,603
  Matanuska-Susitna Borough AK Lease (Appropriation) Revenue 5.000%   9/1/31      15,000     15,154
  Matanuska-Susitna Borough AK Lease (Appropriation) Revenue 5.000%   9/1/32       5,000      5,050
  Municipality of Anchorage AK GO 4.000%   9/1/35       1,250      1,295
  Municipality of Anchorage AK GO 4.000%   9/1/38       2,000      2,032
  Municipality of Anchorage AK GO 4.000%   9/1/39       2,000      2,017
  Municipality of Anchorage AK GO 4.000%   9/1/41       1,000        995
  Municipality of Anchorage AK GO 4.000%   9/1/42       5,670      5,571
  Municipality of Anchorage AK GO 4.000%   9/1/42       3,295      3,237
  Municipality of Anchorage AK GO 4.000%   9/1/43       3,000      2,884
  Municipality of Anchorage AK GO 4.000%   9/1/43       4,800      4,614
  Municipality of Anchorage AK GO 4.000%   9/1/44       4,765      4,539
  Municipality of Anchorage AK GO 4.000%   9/1/44       4,475      4,262
  North Slope Borough AK GO 5.000%  6/30/27         900        946
  North Slope Borough AK GO 5.000%  6/30/28       1,945      2,081
  North Slope Borough AK GO 5.000%  6/30/30       1,140      1,258
  Northern Tobacco Securitization Corp. Tobacco Settlement Funded Revenue 5.000%   6/1/30       1,000      1,064
  Northern Tobacco Securitization Corp. Tobacco Settlement Funded Revenue 5.000%   6/1/31         795        853
  Northern Tobacco Securitization Corp. Tobacco Settlement Funded Revenue 5.000%   6/1/32       2,570      2,751
  Northern Tobacco Securitization Corp. Tobacco Settlement Funded Revenue 5.000%   6/1/33       1,960      2,091
  Northern Tobacco Securitization Corp. Tobacco Settlement Funded Revenue 4.000%   6/1/34       1,800      1,805
  Northern Tobacco Securitization Corp. Tobacco Settlement Funded Revenue 4.000%   6/1/35       2,500      2,497
  Northern Tobacco Securitization Corp. Tobacco Settlement Funded Revenue 4.000%   6/1/36       3,200      3,185
  Northern Tobacco Securitization Corp. Tobacco Settlement Funded Revenue 4.000%   6/1/37       2,000      1,980
  Northern Tobacco Securitization Corp. Tobacco Settlement Funded Revenue 4.000%   6/1/38       2,500      2,459
  Northern Tobacco Securitization Corp. Tobacco Settlement Funded Revenue 4.000%   6/1/39       1,115      1,085
  Northern Tobacco Securitization Corp. Tobacco Settlement Funded Revenue 4.000%   6/1/40       3,250      3,137
                                     176,387
Arizona (1.6%)
  Arizona Board of Regents College & University Revenue 5.000%   7/1/28         840        879
  Arizona Board of Regents College & University Revenue 5.000%   7/1/31         725        731
  Arizona Board of Regents College & University Revenue 5.000%   7/1/32         895        902
  Arizona Board of Regents College & University Revenue 5.000%   7/1/33         700        706
  Arizona Board of Regents College & University Revenue 5.000%   7/1/34       1,000      1,008
  Arizona Board of Regents College & University Revenue 5.000%   7/1/34       1,250      1,299
  Arizona Board of Regents College & University Revenue 5.000%   7/1/35         605        610
  Arizona Board of Regents College & University Revenue 5.000%   7/1/35       1,280      1,327
  Arizona Board of Regents College & University Revenue 5.000%   7/1/37       1,500      1,551
  Arizona Board of Regents Lottery Revenue 5.000%   8/1/42       1,000      1,090
  Arizona Board of Regents Lottery Revenue 5.000%   8/1/44       2,300      2,480
  Arizona Board of Regents Lottery Revenue 5.000%   8/1/45       3,000      3,223
  Arizona COP, ETM 5.000%  10/1/26      10,590     10,977
  Arizona COP, ETM 5.000%  10/1/27      13,400     14,169
  Arizona COP, ETM 5.000%  10/1/28      11,330     12,198
  Arizona COP, ETM 5.000%  10/1/29      17,350     19,000
  Arizona Department of Transportation State Highway Fund Fuel Sales Tax Revenue 5.000%   7/1/30       4,375      4,497
  Arizona Department of Transportation State Highway Fund Fuel Sales Tax Revenue 5.000%   7/1/32      14,000     14,365
  Arizona Department of Transportation State Highway Fund Fuel Sales Tax Revenue 5.000%   7/1/33       5,160      5,291
  Arizona IDA Charter School Aid Revenue 5.000%  11/1/28       8,000      8,426
  Arizona IDA Charter School Aid Revenue 4.000%  11/1/29       3,005      3,068
  Arizona IDA Charter School Aid Revenue 5.000%  11/1/29       5,500      5,890
  Arizona IDA Charter School Aid Revenue 4.000%  11/1/30       1,250      1,280
  Arizona IDA Charter School Aid Revenue 5.000%  11/1/30         735        801
  Arizona IDA Charter School Aid Revenue 5.000%  11/1/31         850        929
  Arizona IDA Charter School Aid Revenue 5.000%  11/1/31         625        688
  Arizona IDA Charter School Aid Revenue 5.000%  11/1/32         710        775
  Arizona IDA Charter School Aid Revenue 5.000%  11/1/32         380        421
  Arizona IDA Charter School Aid Revenue 5.000%  11/1/33       1,000      1,087
  Arizona IDA Charter School Aid Revenue 5.000%  11/1/33         700        777
  Arizona IDA Charter School Aid Revenue 5.000%  11/1/34       1,050      1,139
  Arizona IDA Charter School Aid Revenue 5.000%  11/1/34         550        615
  Arizona IDA Charter School Aid Revenue 5.000%  11/1/35         935      1,007
  Arizona IDA Charter School Aid Revenue 5.000%  11/1/35         650        723
  Arizona IDA Charter School Aid Revenue 4.000%  11/1/36       1,115      1,116
  Arizona IDA Charter School Aid Revenue 5.000%  11/1/36         430        475
  Arizona IDA Charter School Aid Revenue 5.000%  11/1/37         400        440
  Arizona IDA Charter School Aid Revenue 4.000%  11/1/38         600        593
  Arizona IDA Charter School Aid Revenue 5.000%  11/1/38         950      1,030
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Arizona IDA Charter School Aid Revenue 5.000%  11/1/38         475        522
  Arizona IDA Charter School Aid Revenue 4.000%  11/1/39         840        822
  Arizona IDA Charter School Aid Revenue 5.000%  11/1/39         350        383
  Arizona IDA Charter School Aid Revenue 4.000%  11/1/40         855        829
  Arizona IDA Charter School Aid Revenue 5.000%  11/1/40       1,305      1,401
  Arizona IDA Charter School Aid Revenue 5.000%  11/1/40         375        408
  Arizona IDA Charter School Aid Revenue 5.000%  11/1/41         855        912
  Arizona IDA Charter School Aid Revenue 5.000%  11/1/41         350        378
  Arizona IDA Charter School Aid Revenue 5.000%  11/1/42       1,800      1,914
  Arizona IDA Charter School Aid Revenue 5.000%  11/1/42         450        485
  Arizona IDA Charter School Aid Revenue 5.000%  11/1/43         510        547
  Arizona IDA Charter School Aid Revenue 5.000%  11/1/44         475        507
4 Arizona IDA Charter School Aid Revenue (Academics of Math & Science Projects) 4.500%   7/1/33         515        517
4 Arizona IDA Charter School Aid Revenue (Academics of Math & Science Projects) 5.000%   7/1/38         300        305
4 Arizona IDA Charter School Aid Revenue (Academics of Math & Science Projects) 5.000%   7/1/39       1,000      1,008
4 Arizona IDA Charter School Aid Revenue (Academics of Math & Science Projects) 5.250%   7/1/43         275        279
4 Arizona IDA Charter School Aid Revenue (Cadence Campus Project) 4.000%  7/15/30         460        459
4 Arizona IDA Charter School Aid Revenue (Doral Academy of Nevada - Pebble Campus Project) 4.000%  7/15/30         450        442
4 Arizona IDA Charter School Aid Revenue (Doral Academy of Nevada - Pebble Campus Project) 5.000%  7/15/40         830        831
  Arizona IDA Charter School Aid Revenue (Greathearts Arizona Project) 5.000%   7/1/29         125        132
  Arizona IDA Charter School Aid Revenue (Greathearts Arizona Project) 5.000%   7/1/30         130        138
  Arizona IDA Charter School Aid Revenue (Greathearts Arizona Project) 5.000%   7/1/31         125        134
  Arizona IDA Charter School Aid Revenue (Greathearts Arizona Project) 3.000%   7/1/32         725        679
  Arizona IDA Charter School Aid Revenue (Greathearts Arizona Project) 3.000%   7/1/33         750        693
  Arizona IDA Charter School Aid Revenue (Greathearts Arizona Project) 3.000%   7/1/34         770        702
  Arizona IDA Charter School Aid Revenue (Greathearts Arizona Project) 3.000%   7/1/35         800        719
  Arizona IDA Charter School Aid Revenue (Greathearts Arizona Project) 3.000%   7/1/36         820        726
  Arizona IDA Charter School Aid Revenue (Greathearts Arizona Project) 3.000%   7/1/38         880        755
  Arizona IDA Charter School Aid Revenue (Greathearts Arizona Project) 3.000%   7/1/39         905        761
  Arizona IDA Charter School Aid Revenue (Greathearts Arizona Project) 3.000%   7/1/40       1,865      1,537
  Arizona IDA Charter School Aid Revenue (Greathearts Arizona Project) 3.000%   7/1/41       1,930      1,562
  Arizona IDA Charter School Aid Revenue (KIPP NYC Public Charter Schools-Jerome Facility Project) 5.000%   7/1/27         325        331
  Arizona IDA Charter School Aid Revenue (KIPP NYC Public Charter Schools-Jerome Facility Project) 5.000%   7/1/28         170        173
  Arizona IDA Charter School Aid Revenue (KIPP NYC Public Charter Schools-Jerome Facility Project) 5.000%   7/1/29         160        163
  Arizona IDA Charter School Aid Revenue (KIPP NYC Public Charter Schools-Jerome Facility Project) 5.000%   7/1/30         190        193
  Arizona IDA Charter School Aid Revenue (KIPP NYC Public Charter Schools-Jerome Facility Project) 5.000%   7/1/31         200        203
  Arizona IDA Charter School Aid Revenue (KIPP NYC Public Charter Schools-Jerome Facility Project) 5.000%   7/1/32         210        213
  Arizona IDA Charter School Aid Revenue (KIPP NYC Public Charter Schools-Jerome Facility Project) 5.000%   7/1/33         220        223
  Arizona IDA Charter School Aid Revenue (KIPP NYC Public Charter Schools-Jerome Facility Project) 4.000%   7/1/34         230        226
  Arizona IDA Charter School Aid Revenue (KIPP NYC Public Charter Schools-Jerome Facility Project) 4.000%   7/1/35         240        234
  Arizona IDA Charter School Aid Revenue (KIPP NYC Public Charter Schools-Jerome Facility Project) 4.000%   7/1/36         665        645
  Arizona IDA Charter School Aid Revenue (KIPP NYC Public Charter Schools-Macombs Facility Project) 5.000%   7/1/27          55         57
  Arizona IDA Charter School Aid Revenue (KIPP NYC Public Charter Schools-Macombs Facility Project) 5.000%   7/1/28          60         62
  Arizona IDA Charter School Aid Revenue (KIPP NYC Public Charter Schools-Macombs Facility Project) 5.000%   7/1/29          65         68
  Arizona IDA Charter School Aid Revenue (KIPP NYC Public Charter Schools-Macombs Facility Project) 5.000%   7/1/30          70         74
  Arizona IDA Charter School Aid Revenue (KIPP NYC Public Charter Schools-Macombs Facility Project) 5.000%   7/1/31          70         74
  Arizona IDA Charter School Aid Revenue (KIPP NYC Public Charter Schools-Macombs Facility Project) 5.000%   7/1/32         475        502
  Arizona IDA Charter School Aid Revenue (KIPP NYC Public Charter Schools-Macombs Facility Project) 5.000%   7/1/33         315        331
  Arizona IDA Charter School Aid Revenue (KIPP NYC Public Charter Schools-Macombs Facility Project) 4.000%   7/1/34         335        329
  Arizona IDA Charter School Aid Revenue (KIPP NYC Public Charter Schools-Macombs Facility Project) 4.000%   7/1/35       1,100      1,074
  Arizona IDA Charter School Aid Revenue (KIPP NYC Public Charter Schools-Macombs Facility Project) 4.000%   7/1/36         310        301
  Arizona IDA Charter School Aid Revenue (MACOMBS Facility Project) 4.000%   7/1/41         495        465
4 Arizona IDA Charter School Aid Revenue (Pinecrest Academy of Nevada-Horizon, Inspirada & St. Rose Campus Projects) 5.750%  7/15/38       2,060      2,100
4 Arizona IDA Charter School Aid Revenue (Pinecrest Academy of Nevadas Loan Canyon Project) 4.000%  7/15/30         755        753
  Arizona IDA Health, Hospital, Nursing Home Revenue 5.000%   9/1/30         325        352
  Arizona IDA Health, Hospital, Nursing Home Revenue 5.000%   9/1/31         200        214
  Arizona IDA Health, Hospital, Nursing Home Revenue 5.000%   9/1/32         300        321
  Arizona IDA Health, Hospital, Nursing Home Revenue 5.000%   9/1/33         420        448
  Arizona IDA Health, Hospital, Nursing Home Revenue 4.000%   9/1/35         225        226
  Arizona IDA Health, Hospital, Nursing Home Revenue 4.000%   9/1/36         355        357
  Arizona IDA Health, Hospital, Nursing Home Revenue 4.000%   9/1/37       1,235      1,240
  Arizona IDA Health, Hospital, Nursing Home Revenue 4.000%   9/1/38         445        446
  Arizona IDA Health, Hospital, Nursing Home Revenue 4.000%   9/1/39       1,215      1,214
  Arizona IDA Health, Hospital, Nursing Home Revenue 4.000%   9/1/40       1,145      1,117
  Arizona IDA Health, Hospital, Nursing Home Revenue 3.000%   2/1/41         900        757
4 Arizona IDA Health, Hospital, Nursing Home Revenue 7.125%   5/1/44       7,250      7,579
  Arizona IDA Lease (Appropriation) Revenue (Lincoln South Beltway Project) 5.000%   2/1/28       3,300      3,499
  Arizona IDA Lease (Appropriation) Revenue (Lincoln South Beltway Project) 5.000%   2/1/29       1,410      1,518
  Arizona IDA Lease (Appropriation) Revenue (Lincoln South Beltway Project) 5.000%   5/1/29       2,450      2,648
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Arizona IDA Lease (Appropriation) Revenue (Lincoln South Beltway Project) 5.000%   8/1/29       3,530      3,830
  Arizona IDA Lease (Appropriation) Revenue (Lincoln South Beltway Project) 5.000%  11/1/29       2,610      2,842
  Arizona IDA Lease (Appropriation) Revenue (Lincoln South Beltway Project) 5.000%   2/1/30       2,000      2,185
  Arizona IDA Lease (Appropriation) Revenue (Lincoln South Beltway Project) 5.000%   5/1/30       2,780      3,049
  Arizona IDA Lease (Appropriation) Revenue (Lincoln South Beltway Project) 5.000%   8/1/30       2,865      3,153
  Arizona IDA Lease (Appropriation) Revenue (Lincoln South Beltway Project) 5.000%   2/1/31       1,785      1,978
  Arizona IDA Lease (Appropriation) Revenue (Lincoln South Beltway Project) 5.000%  11/1/31       5,235      5,848
  Arizona IDA Local or Guaranteed Housing Revenue (Hacienda Del Rio Project) 4.500%   6/1/41       3,987      4,048
1 Arizona IDA Local or Guaranteed Housing Revenue(NCCU Properties LLC - North Carolina Central University Project) 5.000%   6/1/27         400        417
1 Arizona IDA Local or Guaranteed Housing Revenue(NCCU Properties LLC - North Carolina Central University Project) 5.000%   6/1/28         325        344
1 Arizona IDA Local or Guaranteed Housing Revenue(NCCU Properties LLC - North Carolina Central University Project) 5.000%   6/1/29         700        751
1 Arizona IDA Local or Guaranteed Housing Revenue(NCCU Properties LLC - North Carolina Central University Project) 5.000%   6/1/31         325        348
1 Arizona IDA Local or Guaranteed Housing Revenue(NCCU Properties LLC - North Carolina Central University Project) 5.000%   6/1/32         325        348
1 Arizona IDA Local or Guaranteed Housing Revenue(NCCU Properties LLC - North Carolina Central University Project) 5.000%   6/1/33         350        373
1 Arizona IDA Local or Guaranteed Housing Revenue(NCCU Properties LLC - North Carolina Central University Project) 4.000%   6/1/34         250        254
1 Arizona IDA Local or Guaranteed Housing Revenue(NCCU Properties LLC - North Carolina Central University Project) 5.000%   6/1/35         530        563
1 Arizona IDA Local or Guaranteed Housing Revenue(NCCU Properties LLC - North Carolina Central University Project) 5.000%   6/1/36         555        588
1 Arizona IDA Local or Guaranteed Housing Revenue(NCCU Properties LLC - North Carolina Central University Project) 5.000%   6/1/37       1,325      1,398
1 Arizona IDA Local or Guaranteed Housing Revenue(NCCU Properties LLC - North Carolina Central University Project) 5.000%   6/1/38         650        684
1 Arizona IDA Local or Guaranteed Housing Revenue(NCCU Properties LLC - North Carolina Central University Project) 4.000%   6/1/39         500        500
4,5 Arizona IDA Multi Family Housing Local or Guaranteed Revenue TOB VRDO 2.200%   2/3/25      30,545     30,545
4 Arizona IDA Multi Family Housing Revenue TOB VRDO 2.070%   2/3/25      43,900     43,900
4,7 Arizona IDA Recreational Revenue (Legacy Cares Inc. Project) 6.250%   7/1/24       1,505         45
4,7 Arizona IDA Recreational Revenue (Legacy Cares Inc. Project) 6.375%   7/1/25       4,955        149
4,7 Arizona IDA Recreational Revenue (Legacy Cares Inc. Project) 6.500%   7/1/26       2,605         78
4,7 Arizona IDA Recreational Revenue (Legacy Cares Inc. Project) 6.625%   7/1/27       7,000        210
4,7 Arizona IDA Recreational Revenue (Legacy Cares Inc. Project) 6.750%   7/1/28       8,130        244
4,7 Arizona IDA Recreational Revenue (Legacy Cares Inc. Project) 6.750%   7/1/30       6,000        180
4,7 Arizona IDA Recreational Revenue (Legacy Cares Inc. Project) 5.500%   7/1/31         985         30
  Arizona Lottery Revenue, ETM 5.000%   7/1/26       6,390      6,580
  Arizona Lottery Revenue, ETM 5.000%   7/1/27       7,000      7,350
  Arizona Lottery Revenue, ETM 5.000%   7/1/28       5,500      5,877
1 Arizona Sports & Tourism Authority Miscellaneous Revenue (Multipurpose Stadium Facility Project) 5.000%   7/1/29      10,000     10,758
1 Arizona Sports & Tourism Authority Miscellaneous Revenue (Multipurpose Stadium Facility Project) 5.000%   7/1/30       2,465      2,682
1 Arizona Sports & Tourism Authority Miscellaneous Revenue (Multipurpose Stadium Facility Project) 5.000%   7/1/31       6,620      7,264
  Arizona State University College & University Revenue 5.000%   7/1/43       3,000      3,135
  Bullhead AZ Excise Taxes Sales Tax Revenue 1.650%   7/1/30         860        763
  Bullhead AZ Excise Taxes Sales Tax Revenue 1.700%   7/1/31         450        391
  Bullhead AZ Excise Taxes Sales Tax Revenue 2.100%   7/1/36       5,125      4,103
  Bullhead AZ Excise Taxes Sales Tax Revenue 2.300%   7/1/41       8,000      5,818
  Chandler AZ GO 5.000%   7/1/25      15,625     15,774
  Chandler AZ GO 5.000%   7/1/27       5,800      6,105
  Chandler AZ GO 5.000%   7/1/28       8,800      9,437
  Chandler IDA Industrial Revenue (Intel Corp. Project) PUT 3.800%  6/15/28      17,930     18,105
  Coconino County Pollution Control Corp. Electric Power & Light Revenue (Nevada Power Co. Project) PUT 3.750%  3/31/26         380        380
4,5 Deutsche Bank Spears/Lifers Trust Local or Guaranteed Housing Revenue TOB VRDO 2.200%   2/3/25       8,380      8,380
4,5 Deutsche Bank Spears/Lifers Trust Local or Guaranteed Housing Revenue TOB VRDO 2.200%   2/3/25       7,845      7,845
4,5 Deutsche Bank Spears/Lifers Trust Local or Guaranteed Housing Revenue TOB VRDO 2.200%   2/3/25      16,530     16,530
  Gilbert Water Resource Municipal Property Corp. Water Revenue 4.000%  7/15/41       1,860      1,877
  Gilbert Water Resource Municipal Property Corp. Water Revenue 4.000%  7/15/42      19,000     19,083
  Glendale AZ Excise Sales Tax Revenue 5.000%   7/1/27       3,495      3,675
  Glendale AZ GO 4.000%   7/1/41       1,920      1,920
  Glendale AZ GO 4.000%   7/1/42       2,000      1,968
  Glendale AZ Sales Tax Revenue 5.000%   7/1/30       8,745      8,817
  Glendale AZ Sales Tax Revenue 5.000%   7/1/31       6,415      6,466
8 Glendale Union High School District No. 205 (Project of 2024) GO 5.000%   7/1/41       1,250      1,373
8 Glendale Union High School District No. 205 (Project of 2024) GO 5.000%   7/1/42       1,275      1,393
8 Glendale Union High School District No. 205 (Project of 2024) GO 5.000%   7/1/43       1,000      1,089
8 Glendale Union High School District No. 205 (Project of 2024) GO 5.000%   7/1/44       1,000      1,082
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Goodyear Public Improvement Corp. Sales Tax Revenue 4.000%   7/1/30       1,775      1,802
  Goodyear Public Improvement Corp. Sales Tax Revenue 4.000%   7/1/31       1,500      1,519
  La Paz County IDA Charter School Aid Revenue (Charter School Solutions - Harmony Public Schools Project) 5.000%  2/15/28         155        157
  La Paz County IDA Charter School Aid Revenue (Charter School Solutions - Harmony Public Schools Project) 5.000%  2/15/38         600        603
  La Paz County IDA Charter School Aid Revenue (Harmony Public Schools Project) 5.000%  2/15/29         110        113
  La Paz County IDA Charter School Aid Revenue (Harmony Public Schools Project) 5.000%  2/15/30         150        155
  Marana AZ Pledged Excise Sales Tax Revenue 5.000%   7/1/34         400        427
  Marana AZ Pledged Excise Sales Tax Revenue 5.000%   7/1/35         250        266
  Marana AZ Pledged Excise Sales Tax Revenue 5.000%   7/1/36         200        213
  Marana AZ Pledged Excise Sales Tax Revenue 5.000%   7/1/38         250        264
  Marana AZ Pledged Excise Sales Tax Revenue 5.000%   7/1/39         225        236
  Maricopa County Elementary School District No. 14 Creighton GO 3.000%   7/1/33       2,310      2,208
  Maricopa County High School District No. 214 Tolleson Union High School (School Improvement Project) GO 5.000%   7/1/38       1,385      1,455
  Maricopa County High School District No. 214 Tolleson Union High School GO 4.000%   7/1/35       1,700      1,743
  Maricopa County IDA Charter School Aid Revenue (Horizon Community Learning Center Project) 5.000%   7/1/35       1,100      1,108
  Maricopa County IDA Charter School Aid Revenue (Legacy Traditional School Programs) 4.250%   7/1/44       3,000      2,724
  Maricopa County IDA Charter School Aid Revenue (Legacy Traditional School Project) 4.000%   7/1/34         500        494
  Maricopa County IDA Charter School Aid Revenue (Legacy Traditional School Project) 5.000%   7/1/39         750        771
4 Maricopa County IDA Charter School Aid Revenue (Legacy Traditional School Project) 5.000%   7/1/39       2,500      2,541
  Maricopa County IDA Charter School Aid Revenue (legacy Traditional Schools Project) 4.000%   7/1/40       5,575      5,210
  Maricopa County IDA Health, Hospital, Nursing Home Revenue 5.000%   1/1/27       8,050      8,368
  Maricopa County IDA Health, Hospital, Nursing Home Revenue 5.000%   1/1/28      10,000     10,574
  Maricopa County IDA Health, Hospital, Nursing Home Revenue 4.000%   1/1/32      12,020     12,161
  Maricopa County IDA Health, Hospital, Nursing Home Revenue 5.000%   1/1/32       9,045      9,315
  Maricopa County IDA Health, Hospital, Nursing Home Revenue 5.000%   9/1/32       1,035      1,092
  Maricopa County IDA Health, Hospital, Nursing Home Revenue 5.000%   1/1/34       7,510      7,711
  Maricopa County IDA Health, Hospital, Nursing Home Revenue 5.000%   9/1/34       1,120      1,175
  Maricopa County IDA Health, Hospital, Nursing Home Revenue 5.000%   9/1/35       1,000      1,045
  Maricopa County IDA Health, Hospital, Nursing Home Revenue 5.000%   9/1/36       2,240      2,334
  Maricopa County IDA Health, Hospital, Nursing Home Revenue 5.000%   9/1/36         800        864
  Maricopa County IDA Health, Hospital, Nursing Home Revenue 4.000%   9/1/37         695        702
  Maricopa County IDA Health, Hospital, Nursing Home Revenue 5.000%   9/1/37       2,520      2,615
  Maricopa County IDA Health, Hospital, Nursing Home Revenue 5.000%  12/1/37       2,730      3,047
  Maricopa County IDA Health, Hospital, Nursing Home Revenue 5.000%   1/1/38       1,615      1,651
  Maricopa County IDA Health, Hospital, Nursing Home Revenue 3.000%   9/1/39         875        743
  Maricopa County IDA Health, Hospital, Nursing Home Revenue 5.000%  12/1/39       1,360      1,501
  Maricopa County IDA Health, Hospital, Nursing Home Revenue 5.000%  12/1/40       2,645      2,895
  Maricopa County IDA Health, Hospital, Nursing Home Revenue 5.000%   1/1/41       5,000      5,141
  Maricopa County IDA Health, Hospital, Nursing Home Revenue 5.000%  12/1/41       2,400      2,611
  Maricopa County IDA Health, Hospital, Nursing Home Revenue 5.000%  12/1/42       1,880      2,034
  Maricopa County IDA Health, Hospital, Nursing Home Revenue 5.000%  12/1/43       2,150      2,313
  Maricopa County IDA Health, Hospital, Nursing Home Revenue PUT 5.000%  5/15/26       3,460      3,534
  Maricopa County IDA Health, Hospital, Nursing Home Revenue PUT 5.000%  5/15/28       8,590      9,078
  Maricopa County IDA Health, Hospital, Nursing Home Revenue PUT 5.000%  11/1/30      19,065     20,729
  Maricopa County Pollution Control Corp. Electric Power & Light Revenue (Palo Verde Project) PUT 3.875%   6/1/29       2,360      2,394
  Maricopa County Pollution Control Corp. Industrial Revenue 2.400%   6/1/35       6,500      5,142
  Maricopa County Pollution Control Corp. Industrial Revenue 2.400%   6/1/35       9,930      7,855
  Maricopa County School District No. 83-Cartwright Elementary Lease (Appropriation) Revenue 2.000%  10/1/27         930        870
  Maricopa County School District No. 83-Cartwright Elementary Lease (Appropriation) Revenue 2.000%  10/1/30       1,235      1,068
  Maricopa County School District No. 83-Cartwright Elementary Lease (Appropriation) Revenue 2.000%  10/1/31         675        569
  Maricopa County School District No. 83-Cartwright Elementary Lease (Appropriation) Revenue 3.000%  10/1/39      14,905     12,005
  Maricopa County Unified School District No. 48 Scottsdale GO 4.000%   7/1/30       1,425      1,458
  Maricopa County Unified School District No. 48 Scottsdale GO 4.000%   7/1/31       2,010      2,053
  Maricopa County Union High School District No. 210-Phoenix (School Improvement Project) GO 5.000%   7/1/35       1,635      1,703
  Maricopa County Union High School District No. 210-Phoenix (School Improvement Project) GO 5.000%   7/1/36       2,500      2,602
  McAllister Academic Village LLC College & University Revenue 5.000%   7/1/34       2,900      2,958
  McAllister Academic Village LLC College & University Revenue 5.000%   7/1/35       3,110      3,169
  McAllister Academic Village LLC College & University Revenue 5.000%   7/1/36       3,800      3,870
  Mesa AZ Excise Tax Sales Tax Revenue 3.000%   7/1/36         375        350
  Mesa AZ Excise Tax Sales Tax Revenue 3.000%   7/1/38         325        296
  Mesa AZ Excise Tax Sales Tax Revenue 3.000%   7/1/39         500        446
  Mesa AZ GO 5.000%   7/1/28       2,690      2,884
  Mesa AZ GO 5.000%   7/1/29       2,825      3,081
  Mesa AZ GO 5.000%   7/1/39       2,500      2,777
  Mesa AZ GO 5.000%   7/1/40       4,835      5,344
  Mesa AZ Utility System Intergovernmental Agreement Revenue 5.000%   7/1/43       4,565      4,908
  Mesa AZ Utility System Multiple Utility Revenue 5.000%   7/1/42       4,000      4,146
  Mesa AZ Utility System Water Revenue 3.000%   7/1/44       1,665      1,343
1 Northern Arizona University College & University Revenue 5.000%   6/1/36       3,335      3,572
1 Northern Arizona University College & University Revenue 5.000%   6/1/37       3,275      3,490
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Phoenix AZ GO 5.000%   7/1/32       1,250      1,423
  Phoenix Civic Improvement Corp. Intergovernmental Agreement Revenue 5.000%   7/1/26       1,790      1,848
  Phoenix Civic Improvement Corp. Intergovernmental Agreement Revenue 4.000%   7/1/28       6,440      6,586
  Phoenix Civic Improvement Corp. Intergovernmental Agreement Revenue 5.000%   7/1/30       3,895      4,069
  Phoenix Civic Improvement Corp. Intergovernmental Agreement Revenue 5.000%   7/1/31      12,550     13,068
  Phoenix Civic Improvement Corp. Intergovernmental Agreement Revenue 5.000%   7/1/31       1,870      1,920
  Phoenix Civic Improvement Corp. Intergovernmental Agreement Revenue 5.000%   7/1/31       6,000      6,161
  Phoenix Civic Improvement Corp. Intergovernmental Agreement Revenue 5.000%   7/1/32       1,625      1,689
  Phoenix Civic Improvement Corp. Intergovernmental Agreement Revenue 5.000%   7/1/32       5,120      5,250
  Phoenix Civic Improvement Corp. Intergovernmental Agreement Revenue 5.000%   7/1/32      13,160     13,504
  Phoenix Civic Improvement Corp. Intergovernmental Agreement Revenue 5.000%   7/1/32       2,000      2,134
  Phoenix Civic Improvement Corp. Intergovernmental Agreement Revenue 5.000%   7/1/33       4,500      4,672
  Phoenix Civic Improvement Corp. Intergovernmental Agreement Revenue 5.000%   7/1/33       3,275      3,357
  Phoenix Civic Improvement Corp. Intergovernmental Agreement Revenue 5.000%   7/1/33      11,565     11,860
  Phoenix Civic Improvement Corp. Intergovernmental Agreement Revenue 5.000%   7/1/33       3,500      3,722
  Phoenix Civic Improvement Corp. Intergovernmental Agreement Revenue 5.000%   7/1/34       8,520      8,724
  Phoenix Civic Improvement Corp. Intergovernmental Agreement Revenue 5.000%   7/1/34      12,815     13,131
  Phoenix Civic Improvement Corp. Intergovernmental Agreement Revenue 5.000%   7/1/35       2,000      2,070
  Phoenix Civic Improvement Corp. Intergovernmental Agreement Revenue 5.000%   7/1/35      24,550     25,411
  Phoenix Civic Improvement Corp. Intergovernmental Agreement Revenue 5.000%   7/1/35      10,000     10,239
  Phoenix Civic Improvement Corp. Intergovernmental Agreement Revenue 5.000%   7/1/36       4,190      4,332
  Phoenix Civic Improvement Corp. Intergovernmental Agreement Revenue 5.000%   7/1/36      10,035     10,374
  Phoenix Civic Improvement Corp. Intergovernmental Agreement Revenue 5.000%   7/1/36       8,750      8,952
  Phoenix Civic Improvement Corp. Intergovernmental Agreement Revenue 5.000%   7/1/37       3,185      3,288
  Phoenix Civic Improvement Corp. Intergovernmental Agreement Revenue 5.000%   7/1/37      20,065     20,711
  Phoenix Civic Improvement Corp. Intergovernmental Agreement Revenue 5.000%   7/1/37       8,715      8,909
  Phoenix Civic Improvement Corp. Intergovernmental Agreement Revenue 5.000%   7/1/38       4,000      4,121
  Phoenix Civic Improvement Corp. Intergovernmental Agreement Revenue 5.000%   7/1/39      10,090     10,298
  Phoenix Civic Improvement Corp. Intergovernmental Agreement Revenue 5.000%   7/1/39       2,750      3,051
  Phoenix Civic Improvement Corp. Intergovernmental Agreement Revenue 5.000%   7/1/39       1,215      1,305
  Phoenix Civic Improvement Corp. Intergovernmental Agreement Revenue 5.000%   7/1/40       2,500      2,765
  Phoenix Civic Improvement Corp. Intergovernmental Agreement Revenue 5.000%   7/1/41       1,600      1,668
  Phoenix Civic Improvement Corp. Intergovernmental Agreement Revenue 5.000%   7/1/42       1,650      1,716
8,9 Phoenix Civic Improvement Corp. Intergovernmental Agreement Revenue 5.500%   7/1/42       9,000     10,834
10 Phoenix Civic Improvement Corp. Intergovernmental Agreement Revenue 5.500%   7/1/42      11,000     13,164
  Phoenix Civic Improvement Corp. Intergovernmental Agreement Revenue 5.000%   7/1/43      13,115     14,393
10 Phoenix Civic Improvement Corp. Intergovernmental Agreement Revenue 5.500%   7/1/43      10,945     13,086
  Phoenix Civic Improvement Corp. Intergovernmental Agreement Revenue 5.000%   7/1/44       3,115      3,294
  Phoenix Civic Improvement Corp. Intergovernmental Agreement Revenue 5.000%   7/1/44      13,465     14,238
  Phoenix Civic Improvement Corp. Intergovernmental Agreement Revenue 5.000%   7/1/44      11,775     12,864
  Phoenix Civic Improvement Corp. Lease (Non-Terminable) Revenue 4.000%   7/1/37         370        380
  Phoenix Civic Improvement Corp. Lease (Non-Terminable) Revenue 4.000%   7/1/39         250        254
  Phoenix Civic Improvement Corp. Lease (Non-Terminable) Revenue 4.000%   7/1/40         365        368
4 Phoenix IDA Charter School Aid Revenue (Legacy Traditional Schools Projects) 5.000%   7/1/36       7,540      7,594
  Phoenix IDA Local or Guaranteed Housing Revenue 5.000%   7/1/26         250        254
  Phoenix IDA Local or Guaranteed Housing Revenue 5.000%   7/1/29         700        726
  Phoenix IDA Local or Guaranteed Housing Revenue 5.000%   7/1/31         700        722
  Phoenix IDA Local or Guaranteed Housing Revenue 5.000%   7/1/33         300        308
  Pima County AZ Community College District College & University Revenue 5.000%   7/1/32         650        691
  Pima County AZ Community College District College & University Revenue 5.000%   7/1/33         765        811
  Pima County AZ Community College District College & University Revenue 5.000%   7/1/34       1,245      1,317
  Pima County AZ Sewer System Intergovernmental Agreement Revenue 5.000%   7/1/32       2,625      2,960
  Pima County AZ Sewer System Intergovernmental Agreement Revenue 5.000%   7/1/33       1,325      1,509
  Pima County AZ Sewer System Intergovernmental Agreement Revenue 5.000%   7/1/34         850        976
  Pima County AZ Sewer System Intergovernmental Agreement Revenue 5.000%   7/1/35         700        800
4 Pima County IDA Charter School Aid Revenue (American Leadership Academy Project) 4.000%  6/15/30         380        373
4 Pima County IDA Charter School Aid Revenue (American Leadership Academy Project) 4.000%  6/15/30       1,510      1,484
4 Pima County IDA Charter School Aid Revenue (American Leadership Academy Project) 4.000%  6/15/31         395        385
4 Pima County IDA Charter School Aid Revenue (American Leadership Academy Project) 5.000%  6/15/34       2,470      2,474
4 Pima County IDA Charter School Aid Revenue (American Leadership Academy Project) 5.000%  6/15/39       1,310      1,310
4 Pima County IDA Charter School Aid Revenue (American Leadership Academy Project) 4.000%  6/15/41       1,985      1,761
4 Pima County IDA Charter School Aid Revenue (American Leadership Academy Project) 4.000%  6/15/41       1,000        887
  Pima County IDA Health, Hospital, Nursing Home Revenue 4.000%   4/1/39       1,400      1,367
  Pima County IDA Health, Hospital, Nursing Home Revenue 4.000%   4/1/40       1,375      1,340
  Pima County IDA Health, Hospital, Nursing Home Revenue 4.000%   4/1/41       2,530      2,444
3 Pima County Unified School District No. 1 Tucson (Project of 2023) GO 5.000%   7/1/39         800        884
3 Pima County Unified School District No. 1 Tucson (Project of 2023) GO 5.000%   7/1/40       1,125      1,236
3 Pima County Unified School District No. 1 Tucson (Project of 2023) GO 5.000%   7/1/41       1,000      1,092
3 Pima County Unified School District No. 1 Tucson (Project of 2023) GO 5.000%   7/1/42       1,200      1,305
3 Pima County Unified School District No. 1 Tucson (Project of 2023) GO 5.000%   7/1/43       1,200      1,299
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Salt River Project Agricultural Improvement & Power District Electric Power & Light Revenue 5.000%   1/1/34       5,040      5,216
  Salt River Project Agricultural Improvement & Power District Electric Power & Light Revenue 5.000%  12/1/34      13,970     14,046
  Salt River Project Agricultural Improvement & Power District Electric Power & Light Revenue 5.000%  12/1/35      25,020     25,152
  Salt River Project Agricultural Improvement & Power District Electric Power & Light Revenue 5.000%   1/1/36      14,435     14,913
  Salt River Project Agricultural Improvement & Power District Electric Power & Light Revenue 5.000%   1/1/38      12,445     12,827
  Salt River Project Agricultural Improvement & Power District Electric Power & Light Revenue 5.000%   5/1/39      18,215     20,492
  Salt River Project Agricultural Improvement & Power District Electric Power & Light Revenue 5.000%   5/1/42       8,000      8,858
  Salt River Project Agricultural Improvement & Power District Electric Power & Light Revenue (Salt River Project) 5.000%   1/1/36       1,995      2,091
  Salt River Project Agricultural Improvement & Power District Electric Power & Light Revenue (Salt River Project) 4.000%   1/1/39       5,280      5,365
  Salt River Project Agricultural Improvement & Power District Electric Power & Light Revenue (Salt River Project) 5.000%   1/1/43       8,130      8,829
  Salt River Project Agricultural Improvement & Power District Electric Power & Light Revenue (Salt River Project) 5.000%   1/1/43       4,250      4,652
  Salt River Project Agricultural Improvement & Power District Electric Power & Light Revenue (Salt River Project) 5.000%   1/1/44       6,000      6,540
  Salt River Project Agricultural Improvement & Power District Electric Power & Light Revenue (Salt River Project) 5.000%   1/1/47       3,520      3,685
  Salt Verde Financial Corp. Natural Gas Revenue 5.250%  12/1/25      19,125     19,387
  Salt Verde Financial Corp. Natural Gas Revenue 5.250%  12/1/26       7,790      8,023
  Salt Verde Financial Corp. Natural Gas Revenue 5.250%  12/1/28         270        285
  Salt Verde Financial Corp. Natural Gas Revenue 5.000%  12/1/37       3,840      4,136
4 Sierra Vista IDA Charter School Aid Revenue (American Leadership Academy Project) 5.250%  6/15/38       4,845      4,981
4 Sierra Vista IDA Charter School Aid Revenue (American Leadership Academy Project) 5.250%  6/15/42       4,460      4,528
  Tucson AZ Water System Water Revenue 5.000%   7/1/29       1,750      1,835
  University of Arizona College & University Revenue 5.000%   6/1/32       1,100      1,107
  Yavapai County IDA Health, Hospital, Nursing Home Revenue 5.000%   8/1/27       1,245      1,288
  Yavapai County IDA Health, Hospital, Nursing Home Revenue 5.000%   8/1/39       1,020      1,046
  Yuma IDA Health, Hospital, Nursing Home Revenue 5.000%   8/1/31         500        552
  Yuma IDA Health, Hospital, Nursing Home Revenue 5.000%   8/1/32       1,045      1,163
  Yuma IDA Health, Hospital, Nursing Home Revenue 5.000%   8/1/33       1,000      1,120
  Yuma IDA Health, Hospital, Nursing Home Revenue 5.000%   8/1/34       1,000      1,125
  Yuma IDA Health, Hospital, Nursing Home Revenue 5.000%   8/1/35       1,000      1,120
  Yuma IDA Health, Hospital, Nursing Home Revenue 5.000%   8/1/36       1,050      1,171
  Yuma IDA Health, Hospital, Nursing Home Revenue 5.000%   8/1/37       1,855      2,059
  Yuma IDA Health, Hospital, Nursing Home Revenue 5.000%   8/1/38       1,000      1,104
  Yuma IDA Health, Hospital, Nursing Home Revenue 5.000%   8/1/39       1,530      1,678
  Yuma IDA Health, Hospital, Nursing Home Revenue 5.000%   8/1/40       1,400      1,524
  Yuma IDA Health, Hospital, Nursing Home Revenue 5.000%   8/1/41       1,770      1,916
                                   1,229,623
Arkansas (0.1%)
  Arkansas Development Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/28       1,450      1,521
  Arkansas Development Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/29       1,810      1,916
  Arkansas Development Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/30       1,200      1,253
  Arkansas Development Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/30       1,500      1,599
  Arkansas Development Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/31       1,200      1,258
  Arkansas Development Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/31       1,500      1,588
  Arkansas Development Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/32       3,885      4,102
  Arkansas Development Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/33       1,000      1,039
  Arkansas Development Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/33       2,275      2,396
  Arkansas Development Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/33       1,085      1,151
  Arkansas Development Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/34       1,000      1,034
  Arkansas Development Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/34       2,200      2,306
  Arkansas Development Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/35         900        925
  Arkansas Development Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/35       2,300      2,404
  Arkansas Development Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/36       1,000      1,025
  Arkansas Development Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/36       1,850      1,929
  Arkansas Development Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/37       1,400      1,454
  Arkansas Development Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/38       1,250      1,294
  Arkansas Development Finance Authority Health, Hospital, Nursing Home Revenue 4.000%  12/1/38       1,085      1,071
  Arkansas Development Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/39       1,405      1,448
  Arkansas Development Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/40       1,100      1,132
  Arkansas Development Finance Authority Health, Hospital, Nursing Home Revenue 4.000%   2/1/42       3,150      2,815
  Arkansas Development Finance Authority Water Revenue 5.000%   6/1/27       1,250      1,313
  Arkansas Development Finance Authority Water Revenue 5.000%   6/1/28       1,500      1,604
  Arkansas Development Finance Authority Water Revenue 5.000%   6/1/29       1,500      1,631
  El Dorado Special School District No. 15 GO 5.000%   2/1/37       2,010      2,098
  El Dorado Special School District No. 15 GO 5.000%   2/1/38       2,110      2,191
  El Dorado Special School District No. 15 GO 5.000%   2/1/39       2,215      2,290
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  El Dorado Special School District No. 15 GO 5.000%   2/1/40       2,325      2,397
  El Dorado Special School District No. 15 GO 5.000%   2/1/41       2,440      2,510
  El Dorado Special School District No. 15 GO 5.000%   2/1/42       2,565      2,630
3 Little Rock School District GO 2.000%   2/1/39       8,420      6,037
  Pulaski County AR Health, Hospital, Nursing Home Revenue 5.000%   3/1/27         200        208
  Pulaski County AR Health, Hospital, Nursing Home Revenue 5.000%   3/1/28         185        195
  Pulaski County AR Health, Hospital, Nursing Home Revenue 5.000%   3/1/32       3,000      3,063
  Pulaski County AR Health, Hospital, Nursing Home Revenue 5.000%   3/1/33       3,305      3,369
  Pulaski County AR Health, Hospital, Nursing Home Revenue 5.000%   3/1/34       2,815      2,865
  Pulaski County AR Health, Hospital, Nursing Home Revenue 5.000%   3/1/39       1,000      1,082
  Rogers AR Sales & Use Tax Sales Tax Revenue 4.000%  11/1/29       2,735      2,776
  Rogers AR Sales & Use Tax Sales Tax Revenue 4.000%  11/1/30       3,280      3,327
  Rogers AR Sales & Use Tax Sales Tax Revenue 4.000%  11/1/31       1,535      1,553
  Rogers School District No. 30 GO 3.000%   2/1/31       1,960      1,940
  Searcy AR Sales & Use Tax Sales Tax Revenue 5.000%  11/1/27       1,035      1,087
  Searcy AR Sales & Use Tax Sales Tax Revenue 5.000%  11/1/31       1,300      1,432
  Searcy AR Sales & Use Tax Sales Tax Revenue 5.000%  11/1/32       1,700      1,875
  Searcy AR Sales & Use Tax Sales Tax Revenue 5.000%  11/1/33       1,700      1,868
  Searcy AR Sales & Use Tax Sales Tax Revenue 5.000%  11/1/34       2,305      2,520
  Springdale School District No. 50 GO 3.000%   6/1/32       3,415      3,243
  University of Arkansas College & University Revenue 5.000%  11/1/26         600        623
  University of Arkansas College & University Revenue 5.000%   4/1/35       1,335      1,477
                                      95,864
California (9.4%)
3 ABAG Finance Authority for Nonprofit Corps. Special Tax Revenue 5.000%   9/2/26       1,965      2,037
3 ABAG Finance Authority for Nonprofit Corps. Special Tax Revenue 5.000%   9/2/27       2,340      2,486
3 ABAG Finance Authority for Nonprofit Corps. Special Tax Revenue 5.000%   9/2/33         750        788
3 ABAG Finance Authority for Nonprofit Corps. Special Tax Revenue 5.000%   9/2/34         600        629
  ABC Unified School District GO 3.000%   8/1/41       2,710      2,333
  Acalanes Union High School District GO 6.350%   8/1/39       5,000      5,651
  Alameda Corridor Transportation Authority Transit Revenue 5.000%  10/1/34       6,510      6,633
3 Alameda Corridor Transportation Authority Transit Revenue 5.000%  10/1/35         750        769
  Alameda Corridor Transportation Authority Transit Revenue 5.000%  10/1/37      11,875     12,074
3 Alameda County Oakland Unified School District GO 3.000%   8/1/40       9,945      8,618
1 Alameda County Oakland Unified School District GO 4.000%   8/1/40       4,490      4,544
8 Alhambra Unified School District GO 0.000%   8/1/32       3,000      2,323
8 Alhambra Unified School District GO 0.000%   8/1/34       1,415      1,011
  Anaheim Housing & Public Improvements Authority Intergovernmental Agreement Revenue 5.000%  10/1/29       6,500      6,845
  Anaheim Housing & Public Improvements Authority Intergovernmental Agreement Revenue 5.000%  10/1/30       3,700      3,895
  Antelope Valley Community College District GO 0.000%   8/1/34       1,200        826
  Antelope Valley Community College District GO 0.000%   8/1/36       1,000        614
  Antelope Valley Community College District GO 0.000%   8/1/37       1,150        666
6 Antelope Valley Community College District GO 5.000%   8/1/43         765        802
6 Antelope Valley Community College District GO 5.000%   8/1/44         640        668
1,11 Bakersfield City School District GO, 5.750% coupon rate effective 5/1/33 0.000%   5/1/37       1,700      1,303
  Bay Area Toll Authority Highway Revenue 4.000%   4/1/31       4,680      4,760
  Bay Area Toll Authority Highway Revenue 5.000%   4/1/32       2,380      2,736
  Bay Area Toll Authority Highway Revenue 5.000%   4/1/33       2,350      2,732
  Bay Area Toll Authority Highway Revenue 4.000%   4/1/34      25,300     25,623
  Bay Area Toll Authority Highway Revenue 4.000%   4/1/35      40,140     40,567
  Bay Area Toll Authority Highway Revenue 4.000%   4/1/38      15,000     15,061
  Bay Area Toll Authority Highway Revenue 5.000%   4/1/41       3,060      3,363
  Bay Area Toll Authority Highway Revenue 5.000%   4/1/42       3,295      3,606
  Bay Area Toll Authority Highway Revenue PUT 2.125%   4/1/25      64,500     64,383
  Bay Area Toll Authority Highway Revenue PUT 2.625%   4/1/26      54,000     53,629
  Bay Area Toll Authority Highway Revenue PUT 2.950%   4/1/26      34,280     34,171
  Bay Area Toll Authority Highway Revenue PUT 2.000%   4/1/28      19,535     18,647
5 Bay Area Toll Authority Highway Revenue VRDO 1.330%   2/6/25      83,185     83,185
  Beverly Hills Unified School District CA GO 0.000%   8/1/28       5,000      4,499
  Beverly Hills Unified School District CA GO 0.000%   8/1/29       7,950      6,922
  California Community Choice Financing Authority Electric Power & Light Revenue (Clean Energy Project) 5.000%   3/1/30       4,180      4,452
  California Community Choice Financing Authority Electric Power & Light Revenue (Clean Energy Project) 5.000%   3/1/31       4,395      4,683
  California Community Choice Financing Authority Electric Power & Light Revenue (Clean Energy Project) 5.000%   3/1/31       2,000      2,163
  California Community Choice Financing Authority Electric Power & Light Revenue (Clean Energy Project) PUT 4.000%  12/1/27      46,655     46,792
  California Community Choice Financing Authority Electric Power & Light Revenue (Clean Energy Project) PUT 5.000%   8/1/29      27,420     28,582
  California Community Choice Financing Authority Electric Power & Light Revenue (Clean Energy Project) PUT 5.000%   8/1/29      96,990    101,664
  California Community Choice Financing Authority Electric Power & Light Revenue (Clean Energy Project) PUT 5.250%   4/1/30      70,000     74,089
  California Community Choice Financing Authority Electric Power & Light Revenue (Clean Energy Project) PUT 5.500%  11/1/30      59,930     64,893
  California Community Choice Financing Authority Electric Power & Light Revenue (Clean Energy Project) PUT 5.000%   3/1/31     132,260    139,773
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  California Community Choice Financing Authority Electric Power & Light Revenue (Clean Energy Project) PUT 5.000%   4/1/32      81,000     86,360
  California Community Choice Financing Authority Electric Power & Light Revenue (Clean Energy Project) PUT 5.000%   9/1/32      60,365     64,602
  California Community Choice Financing Authority Electric Power & Light Revenue (Clean Energy Project) PUT 5.000%   9/1/32     132,755    143,137
  California Community Choice Financing Authority Electric Power & Light Revenue (Clean Energy Project) PUT 5.000%  10/1/32      74,865     79,305
  California Community Choice Financing Authority Electric Power & Light Revenue (Clean Energy Project) PUT 5.000%  12/1/32     173,115    182,504
  California Community Choice Financing Authority Electric Power & Light Revenue (Clean Energy Project) PUT 5.000%   8/1/33     143,565    156,521
  California Community Choice Financing Authority Electric Power & Light Revenue PUT 4.000%   8/1/28      64,300     64,289
  California Community Choice Financing Authority Electric Power & Light Revenue PUT 5.500%  11/1/28     132,455    139,845
  California Community Choice Financing Authority Electric Power & Light Revenue PUT 4.000%   8/1/31      19,120     19,036
  California Community Choice Financing Authority Electric Power & Light Revenue PUT 5.000%   8/1/32      53,225     56,042
  California Community Choice Financing Authority Electric Power & Light Revenue PUT 5.000%  11/1/32      54,235     58,112
4 California Community Housing Agency Local or Guaranteed Housing Revenue 5.000%   2/1/50       4,620      3,431
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 5.000%   6/1/28         600        628
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 5.000%   6/1/30         500        534
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 4.000%   6/1/35       1,800      1,818
  California Educational Facilities Authority College & University Revenue 5.000%  11/1/29       3,000      3,035
  California Educational Facilities Authority College & University Revenue 5.250%  10/1/30       1,945      2,092
  California Educational Facilities Authority College & University Revenue 5.250%  10/1/31       2,475      2,681
  California Educational Facilities Authority College & University Revenue 5.250%  10/1/32       2,605      2,837
  California Educational Facilities Authority College & University Revenue 5.250%  10/1/33       1,375      1,504
  California Educational Facilities Authority College & University Revenue 5.250%  10/1/35       1,020      1,105
10 California Educational Facilities Authority College & University Revenue 0.000%  10/1/37       3,000      1,808
  California Educational Facilities Authority College & University Revenue 5.000%   6/1/43       5,000      5,955
  California Educational Facilities Authority College & University Revenue 5.000%   6/1/43       9,205     10,964
  California GO 5.000%   9/1/26       5,355      5,553
  California GO 5.000%  10/1/26      10,000     10,388
  California GO 5.000%   4/1/27      42,620     44,695
  California GO 5.000%   4/1/27      13,085     13,722
  California GO 3.500%   8/1/27      21,000     21,417
  California GO 5.000%  10/1/27       1,025      1,086
  California GO 5.000%  10/1/27      24,000     25,422
  California GO 5.000%   4/1/28      13,190     14,086
  California GO 5.000%   8/1/28       8,090      8,691
  California GO 5.000%   8/1/28      15,000     16,114
  California GO 5.000%   9/1/28      10,000     10,758
  California GO 5.000%  10/1/28       5,350      5,764
  California GO 5.000%  11/1/28       7,770      8,199
  California GO 5.000%  12/1/28       9,635     10,410
  California GO 5.000%   4/1/29       6,575      7,148
  California GO 5.000%   9/1/29       7,030      7,253
  California GO 5.000%   9/1/29      10,000     10,949
  California GO 5.000%   9/1/29      47,945     52,496
  California GO 5.000%  10/1/29      16,900     18,530
  California GO 5.000%  10/1/29          90         90
  California GO 5.000%  11/1/29       5,000      5,490
  California GO 5.000%   4/1/30       6,320      6,984
  California GO 5.000%   4/1/30       1,700      1,879
  California GO 4.000%   8/1/30      12,400     12,544
  California GO 5.000%   8/1/30      15,000     15,451
  California GO 5.000%   9/1/30       5,000      5,562
  California GO 5.000%   9/1/30      29,910     33,273
  California GO 5.000%  10/1/30       1,485      1,654
  California GO 5.000%  10/1/30       3,275      3,648
  California GO 3.500%  12/1/30       7,500      7,500
  California GO 5.000%   4/1/31      10,640     11,945
  California GO 5.000%   8/1/31       4,000      4,510
  California GO 5.000%   8/1/31      15,000     16,912
  California GO 5.000%   9/1/31      32,920     37,154
  California GO 5.000%  10/1/31       3,645      4,118
  California GO 5.000%  10/1/31         210        210
  California GO 5.000%  11/1/31      10,000     10,516
  California GO 5.000%   4/1/32      26,035     28,016
  California GO 5.000%   4/1/32       5,855      6,659
  California GO 5.000%   8/1/32      15,000     17,126
3 California GO 5.250%   8/1/32       5,560      6,356
  California GO 5.000%   9/1/32       5,500      6,285
  California GO 4.000%  11/1/32       4,805      4,902
  California GO 5.000%   4/1/33      12,000     12,902
  California GO 4.000%   8/1/33      26,000     26,233
  California GO 5.000%   8/1/33      14,000     14,407
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  California GO 4.000%   9/1/33      26,050     26,294
  California GO 3.000%  10/1/33       9,000      8,941
  California GO 5.000%  10/1/33          55         55
  California GO 5.000%   3/1/34       1,000      1,095
  California GO 4.000%   8/1/34       5,030      5,069
  California GO 5.000%   8/1/34       4,190      4,311
  California GO 5.000%   9/1/34       1,655      1,705
  California GO 3.000%  10/1/34      21,275     21,032
  California GO 5.000%  10/1/34         160        160
  California GO 5.000%  11/1/34       7,770      8,579
  California GO 5.000%  11/1/34       2,590      2,860
  California GO 5.000%  12/1/34       1,550      1,589
  California GO 5.000%   4/1/35       6,435      6,894
  California GO 5.000%   4/1/35       7,060      7,497
  California GO 5.000%   8/1/35       5,000      5,041
  California GO 4.000%   9/1/35      10,000     10,065
  California GO 5.000%   9/1/35       3,115      3,519
  California GO 3.000%  10/1/35      61,285     60,222
  California GO 3.000%  11/1/35       2,300      2,259
  California GO 5.000%  11/1/35      22,035     24,249
  California GO 4.000%   3/1/36       9,680     10,005
  California GO 5.000%   8/1/36       7,610      8,772
  California GO 5.000%   9/1/36       2,000      2,056
  California GO 5.000%   9/1/36      11,555     13,166
  California GO 5.000%   9/1/36       4,875      5,589
  California GO 3.000%  10/1/36       6,015      5,843
  California GO 5.000%  10/1/36       2,145      2,431
  California GO 5.000%   8/1/37      20,000     23,018
  California GO 3.000%  10/1/37       6,800      6,413
  California GO 5.000%  10/1/37       6,930      7,689
  California GO 5.000%  11/1/37       8,660      9,740
  California GO 4.000%   3/1/38       4,930      5,044
  California GO 5.000%   8/1/39      17,000     19,390
  California GO 5.000%   9/1/39       6,750      7,659
  California GO 4.000%  10/1/39       2,415      2,463
  California GO 5.000%  10/1/39       2,250      2,525
  California GO 4.000%   3/1/40       4,600      4,671
  California GO 5.000%   9/1/41       1,035      1,131
  California GO 5.000%   9/1/41       4,000      4,492
  California GO 4.000%  10/1/41      20,760     21,075
  California GO 5.000%   4/1/42       4,300      4,480
  California GO 5.000%   9/1/42      12,540     13,817
  California GO 5.000%  10/1/42      43,365     45,655
  California GO 5.000%  10/1/42      12,000     13,304
  California GO 5.000%  11/1/42       4,000      4,415
  California GO 5.000%   9/1/43      45,500     50,230
  California GO 5.000%   9/1/43      13,000     14,418
  California GO 5.000%   8/1/44       3,000      3,315
  California GO 5.250%   8/1/44       8,000      9,012
  California GO 5.000%   9/1/44      10,500     11,560
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/26       2,475      2,489
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/28       5,135      5,492
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/29       1,750      1,855
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/30       3,000      3,172
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/31       2,050      2,163
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/31      39,900     44,132
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/32       2,320      2,442
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/33       4,030      4,230
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/33       5,000      5,254
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/33       2,250      2,361
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/34       3,400      3,558
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/34       2,125      2,224
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 3.000%  11/1/36       2,500      2,343
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%   6/1/37       1,660      1,664
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/37       2,000      2,079
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%  11/1/38      32,840     33,063
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/38       6,395      6,635
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/39       2,000      2,147
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%   6/1/40       1,865      1,830
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/40       1,250      1,389
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.250%  12/1/40       1,000      1,099
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/42       1,500      1,642
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/44       2,000      2,159
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue PUT 5.000%  11/1/29      22,735     24,725
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue PUT 5.000%   5/1/31       7,410      8,235
5 California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue VRDO 1.200%   2/5/25      14,675     14,675
  California Health Facilities Financing Authority Revenue 5.000%   7/1/31       5,000      5,420
  California Housing Finance Agency 4.000%  3/20/33      23,741     23,754
  California Housing Finance Agency Local or Guaranteed Housing Revenue 4.250%  1/15/35       7,071      7,235
12 California Housing Finance Agency Local or Guaranteed Housing Revenue 3.750%  3/25/35      82,832     81,823
  California Housing Finance Agency Local or Guaranteed Housing Revenue 3.500% 11/20/35      42,207     40,340
  California Housing Finance Agency Local or Guaranteed Housing Revenue 3.250%  8/20/36      55,371     51,815
  California Housing Finance Agency Local or Guaranteed Housing Revenue 4.375%  9/20/36       8,883      9,122
  California Housing Finance Agency Local or Guaranteed Housing Revenue 4.000%  10/1/39      10,000      9,722
  California Housing Finance Agency Local or Guaranteed Housing Revenue 4.100%   9/1/40      10,000      9,955
  California Housing Finance Agency Local or Guaranteed Housing Revenue 4.100%   9/1/40      10,000      9,955
  California Infrastructure & Economic Development Bank Miscellaneous Revenue PUT 5.000%  10/1/26      68,000     70,100
  California Infrastructure & Economic Development Bank Recreational Revenue PUT 1.200%   6/1/28      24,100     21,641
  California Municipal Finance Authority Local or Guaranteed Housing Revenue PUT 5.000%   7/1/28       3,810      4,040
4 California Municipal Finance Authority Multi Family Housing Local or Guaranteed Revenue TOB VRDO 2.150%   2/3/25      13,870     13,870
4,5 California Municipal Finance Authority Multi Family Housing Revenue TOB VRDO 2.150%   2/3/25       4,800      4,800
  California Municipal Finance Authority Revenue 4.200%   8/1/40       5,375      5,284
4 California Public Finance Authority Health, Hospital, Nursing Home Revenue 2.375% 11/15/28         605        594
4 California Public Finance Authority Health, Hospital, Nursing Home Revenue (Enso Village Project) 5.000% 11/15/36       1,000      1,012
4,5 California Public Finance Authority Health, Hospital, Nursing Home Revenue TOB VRDO 1.250%   2/3/25      25,300     25,300
4 California Public Finance Authority Local or Guaranteed Housing Revenue 5.700%   6/1/34         625        625
4 California Public Finance Authority Local or Guaranteed Housing Revenue 5.875%   6/1/39       5,550      5,464
4 California Public Finance Authority Local or Guaranteed Housing Revenue 6.200%   6/1/44       8,870      8,784
3 California School Facilities Financing Authority Intergovernmental Agreement Revenue 0.000%   8/1/49      11,240      3,199
4 California School Finance Authority Charter School Aid Revenue 4.000%   6/1/41       3,985      3,614
  California State Public Works Board Lease (Abatement) Revenue 5.000%   2/1/28       3,850      4,096
  California State Public Works Board Lease (Abatement) Revenue 4.000%   5/1/35       6,585      6,897
  California State Public Works Board Lease (Abatement) Revenue 5.000%   4/1/42       1,500      1,663
  California State Public Works Board Lease (Abatement) Revenue 5.000%   4/1/43       1,000      1,103
  California State Public Works Board Lease (Abatement) Revenue 5.000%   4/1/44       1,000      1,098
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%  12/1/27       6,550      6,946
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%   9/1/31      10,000     11,261
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%   9/1/31       1,200      1,351
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%   9/1/32       1,250      1,424
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%   9/1/33       2,825      3,252
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%   9/1/34       2,250      2,608
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%   9/1/35       1,750      2,018
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%   9/1/36       2,500      2,870
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%   9/1/37       2,750      3,139
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%   9/1/38       2,500      2,842
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%   9/1/39       1,900      2,151
  California State Public Works Board Lease (Appropriation) Revenue 5.000%   8/1/36      13,340     14,747
  California State Public Works Board Lease (Appropriation) Revenue 4.000%  11/1/37       1,690      1,748
  California State Public Works Board Lease (Appropriation) Revenue 4.000%  11/1/38       2,430      2,492
  California State University College & University Revenue 5.000%  11/1/30       8,400      8,821
  California State University College & University Revenue 5.000%  11/1/31       5,955      6,244
  California State University College & University Revenue 5.000%  11/1/33       8,010      8,380
  California State University College & University Revenue 4.000%  11/1/34       2,000      2,015
  California State University College & University Revenue 5.000%  11/1/34      10,270     10,730
  California State University College & University Revenue 5.000%  11/1/35      12,825     13,381
  California State University College & University Revenue 5.000%  11/1/36      12,660     13,194
  California State University College & University Revenue 5.000%  11/1/36       7,165      7,777
  California State University College & University Revenue 5.000%  11/1/39       2,000      2,279
  California State University College & University Revenue 5.000%  11/1/40       4,000      4,529
  California State University College & University Revenue 3.000%  11/1/41       1,585      1,372
  California State University College & University Revenue 5.000%  11/1/41       1,060      1,193
  California State University College & University Revenue 5.000%  11/1/42       1,000      1,119
  California State University College & University Revenue 5.000%  11/1/43       1,000      1,111
  California State University College & University Revenue PUT 3.125%  11/1/26       4,000      3,997
  California State University Local or Guaranteed Housing Revenue 3.000%  11/1/37       4,530      4,166
  California Statewide Communities Development Authority Electric Power & Light Revenue 1.750%   9/1/29      10,985      9,602
4 California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/28       5,925      6,031
4 California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/29       2,000      2,034
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.250%  12/1/29       5,000      5,004
4 California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/30       3,500      3,560
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/33       1,000      1,080
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/35         950      1,018
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue PUT 5.000%   3/1/27       3,000      3,079
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue PUT 5.000%  11/1/29       2,000      2,175
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue PUT 5.000%  11/1/29      16,725     18,189
  California Statewide Communities Development Authority Industrial Revenue 4.500%  11/1/33       3,725      3,693
  California Statewide Communities Development Authority Industrial Revenue 4.500%  11/1/33       4,225      4,189
  California Statewide Communities Development Authority Local or Guaranteed Housing Revenue 5.000%  5/15/25       1,000      1,005
  California Statewide Communities Development Authority Local or Guaranteed Housing Revenue 5.000%  5/15/26       1,000      1,023
  California Statewide Communities Development Authority Local or Guaranteed Housing Revenue 5.000%  5/15/27       1,000      1,023
  California Statewide Communities Development Authority Local or Guaranteed Housing Revenue 5.000%  5/15/30       2,000      2,042
  Central Valley Energy Authority Natural Gas Revenue PUT 5.000%   8/1/35      81,265     88,496
  Cerritos Community College District GO 0.000%   8/1/28       1,000        899
  Cerritos Community College District GO 0.000%   8/1/30       1,850      1,555
  Cerritos Community College District GO 0.000%   8/1/31       1,000        810
  Chabot-Las Positas Community College District GO 3.000%   8/1/35       2,000      1,892
  Chabot-Las Positas Community College District GO 3.000%   8/1/36       1,550      1,443
3 Chino Public Financing Authority Special Tax Revenue 5.000%   9/1/26         800        811
3 Chino Public Financing Authority Special Tax Revenue 5.000%   9/1/29       1,300      1,315
  Chino Valley Unified School District GO 0.000%   8/1/33       1,420      1,045
3 Chula Vista Elementary School District COP 2.000%   9/1/33       2,090      1,775
3 Chula Vista Elementary School District COP 2.000%   9/1/34       2,155      1,779
3 Chula Vista Elementary School District COP 2.000%   9/1/41       2,650      1,802
  Chula Vista Municipal Financing Authority Special Tax Revenue 5.000%   9/1/26       1,255      1,268
  Chula Vista Municipal Financing Authority Special Tax Revenue 5.000%   9/1/27       1,320      1,333
  Chula Vista Municipal Financing Authority Special Tax Revenue 5.000%   9/1/28       1,380      1,393
  Chula Vista Municipal Financing Authority Special Tax Revenue 5.000%   9/1/29       1,445      1,458
  Chula Vista Municipal Financing Authority Special Tax Revenue 5.000%   9/1/30       1,400      1,412
  Chula Vista Municipal Financing Authority Special Tax Revenue 5.000%   9/1/31       1,600      1,613
10 Clovis Unified School District GO 0.000%   8/1/25       2,485      2,448
  Concord CA COP 2.125%   4/1/41       2,275      1,624
3 Cotati-Rohnert Park Unified School District GO 5.000%   8/1/40       2,565      2,621
4 CSCDA Community Improvement Authority Local or Guaranteed Housing Revenue 2.650%  12/1/46      26,110     20,265
4 CSCDA Community Improvement Authority Local or Guaranteed Housing Revenue 2.450%   2/1/47       8,600      7,104
4 CSCDA Community Improvement Authority Local or Guaranteed Housing Revenue 2.800%   3/1/47       4,840      3,590
4 CSCDA Community Improvement Authority Local or Guaranteed Housing Revenue 3.500%   5/1/47       5,300      4,486
4 CSCDA Community Improvement Authority Local or Guaranteed Housing Revenue 3.000%   2/1/57      12,500      8,728
  Department of Veterans Affairs Veteran's Farm & Home Purchase Program Local or Guaranteed Housing Revenue 3.000%  12/1/50       1,460      1,437
  Desert Sands Unified School District GO 5.000%   8/1/33       1,305      1,368
4,5 Deutsche Bank Spears/Lifers Trust Revenue Local or Guaranteed Housing Revenue TOB VRDO 2.150%   2/3/25      12,300     12,300
3 Downey Unified School District GO 2.000%   8/1/38       1,080        814
3 Downey Unified School District GO 2.000%   8/1/39       1,005        738
3 Downey Unified School District GO 2.000%   8/1/40       2,565      1,850
3 Downey Unified School District GO 2.000%   8/1/41       3,120      2,193
  Dry Creek Joint Elementary School District GO 0.000%   8/1/36       1,685      1,093
  East Bay Municipal Utility District Water System Water Revenue 5.000%   6/1/42       3,000      3,102
3 East Side Union High School District GO 3.000%   8/1/33       6,920      6,809
3 East Side Union High School District GO 3.000%   8/1/34         610        597
  El Camino Community College District Foundation GO 2.000%   8/1/40       2,500      1,801
  El Segundo Unified School District GO 0.000%   8/1/28       2,705      2,431
  El Segundo Unified School District GO 0.000%   8/1/29       8,655      7,523
  El Segundo Unified School District GO 0.000%   8/1/30       9,160      7,693
  Elk Grove Finance Authority Special Tax Revenue 5.000%   9/1/25         750        758
1 Elk Grove Finance Authority Special Tax Revenue 5.000%   9/1/30       1,130      1,140
1 Elk Grove Finance Authority Special Tax Revenue 5.000%   9/1/31       1,750      1,766
1 Elk Grove Finance Authority Special Tax Revenue 5.000%   9/1/32       1,365      1,376
  Fairfield CA Water Revenue 5.000%   4/1/42       5,000      5,137
10 Folsom Cordova Unified School District School Facilities Improvement Dist No. 3 GO 0.000%  10/1/25       2,055      2,014
10 Folsom Cordova Unified School District School Facilities Improvement Dist No. 3 GO 0.000%  10/1/26       2,985      2,836
10 Folsom Cordova Unified School District School Facilities Improvement Dist No. 3 GO 0.000%  10/1/28       2,875      2,558
  Foothill-De Anza Community College District GO 3.000%   8/1/36         650        621
  Foothill-De Anza Community College District GO 3.000%   8/1/37       1,150      1,092
  Foothill-Eastern Transportation Corridor Agency Highway Revenue 6.125%  1/15/28      20,090     21,905
  Foothill-Eastern Transportation Corridor Agency Highway Revenue 6.200%  1/15/29       2,000      2,240
3 Foothill-Eastern Transportation Corridor Agency Highway Revenue 0.000%  1/15/34       3,000      2,169
  Fresno Unified School District GO 3.000%   8/1/36       1,000        942
  Fresno Unified School District GO 3.000%   8/1/36       2,385      2,240
8 Gilroy Unified School District GO 0.000%   8/1/32       3,400      2,638
3 Golden State Tobacco Securitization Corp. Tobacco Settlement Funded Revenue, ETM 0.000%   6/1/26       5,000      4,805
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
13 Golden State Tobacco Securitization Corp. Tobacco Settlement Funded Revenue, ETM 0.000%   6/1/27       5,000      4,658
13 Golden State Tobacco Securitization Corp. Tobacco Settlement Funded Revenue, ETM 0.000%   6/1/28      52,135     47,065
1 Imperial Community College District GO 0.000%   8/1/30       2,020      1,647
  Imperial Irrigation District Electric System Electric Power & Light Revenue 4.000%  11/1/34       3,735      3,810
  Jurupa Public Financing Authority Special Tax Revenue 5.000%   9/1/28       1,025      1,038
  Jurupa Public Financing Authority Special Tax Revenue 5.000%   9/1/29       1,000      1,013
  Jurupa Public Financing Authority Special Tax Revenue 5.000%   9/1/31       1,190      1,205
3 Kern Community College District GO 0.000%  11/1/26      10,210      9,658
  Kern Community College District GO 3.000%   8/1/40       3,030      2,688
10 La Mesa-Spring Valley School District GO 0.000%   8/1/25       3,635      3,581
10 La Mesa-Spring Valley School District GO 0.000%   8/1/27       1,500      1,388
10 La Mesa-Spring Valley School District GO 0.000%   8/1/28       3,170      2,839
  Long Beach Bond Finance Authority Natural Gas Revenue 5.500% 11/15/28         235        249
3 Long Beach CA Airport System Port, Airport & Marina Revenue 5.000%   6/1/40         300        333
8 Long Beach Unified School District GO 0.000%   8/1/26       1,475      1,408
8 Long Beach Unified School District GO 0.000%   8/1/33       3,145      2,324
  Long Beach Unified School District GO 3.000%   8/1/40       3,090      2,729
  Los Angeles CA Unified School District GO 5.000%   7/1/26       3,250      3,353
  Los Angeles CA Unified School District GO 5.000%   7/1/27       6,250      6,582
  Los Angeles CA Unified School District GO 5.000%   7/1/28       5,000      5,367
  Los Angeles CA Unified School District GO 5.000%   7/1/29      12,520     13,664
  Los Angeles CA Unified School District GO 5.000%   7/1/30      28,080     31,139
  Los Angeles CA Unified School District GO 5.000%   7/1/31      23,000     25,875
  Los Angeles CA Unified School District GO 5.000%   7/1/32      23,355     26,621
  Los Angeles CA Unified School District GO 5.000%   7/1/33      11,000     12,684
1 Los Angeles CA Unified School District GO 5.000%   7/1/34      10,000     10,527
  Los Angeles CA Unified School District GO 5.000%   7/1/34      18,500     21,575
  Los Angeles CA Unified School District GO 3.000%   7/1/35       2,605      2,463
1 Los Angeles CA Unified School District GO 5.000%   7/1/35      17,000     17,869
1 Los Angeles CA Unified School District GO 5.000%   7/1/36      25,525     26,790
1 Los Angeles CA Unified School District GO 5.000%   7/1/37      12,500     13,096
  Los Angeles CA Unified School District GO 4.000%   7/1/38       6,000      6,138
  Los Angeles CA Unified School District GO 4.000%   7/1/40      10,000     10,175
  Los Angeles CA Unified School District GO 4.000%   7/1/40       4,460      4,557
  Los Angeles CA Unified School District GO 4.000%   7/1/41       2,400      2,441
  Los Angeles CA Unified School District GO 5.000%   7/1/41       2,000      2,229
  Los Angeles CA Unified School District GO 5.000%   7/1/43       2,000      2,202
  Los Angeles CA Wastewater System Sewer Revenue 5.000%   6/1/31       5,120      5,372
  Los Angeles CA Wastewater System Sewer Revenue 5.000%   6/1/35       3,000      3,122
  Los Angeles CA Wastewater System Sewer Revenue 5.000%   6/1/35       2,000      2,081
  Los Angeles CA Wastewater System Sewer Revenue 5.000%   6/1/36       4,000      4,153
  Los Angeles CA Wastewater System Sewer Revenue 5.000%   6/1/43       3,000      3,130
4,5 Los Angeles California Multifamily Mortgage Local or Guaranteed Housing Revenue TOB VRDO 2.150%   2/3/25      36,995     36,995
  Los Angeles County Metropolitan Transportation Authority Sales Tax Intergovernmental Agreement Revenue 5.000%   6/1/35       5,000      5,869
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   6/1/28       8,650      8,884
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   6/1/29       9,290      9,538
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/31      16,000     16,827
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/32      18,870     19,809
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   6/1/33       5,410      5,543
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/33      14,815     15,519
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/33      18,030     19,286
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/34      12,500     13,079
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/35      16,845     17,604
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/35       5,035      5,361
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/36      16,000     16,698
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/37      20,500     21,356
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/44      12,325     13,370
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/45       7,565      7,975
  Los Angeles Department of Airports Port, Airport & Marina Revenue 4.000%  5/15/36       2,995      3,115
  Los Angeles Department of Airports Port, Airport & Marina Revenue 4.000%  5/15/37       7,765      8,052
  Los Angeles Department of Airports Port, Airport & Marina Revenue 4.000%  5/15/37       4,830      5,009
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/37       2,725      3,021
  Los Angeles Department of Airports Port, Airport & Marina Revenue 4.000%  5/15/39       4,445      4,570
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/39       2,750      2,969
  Los Angeles Department of Airports Port, Airport & Marina Revenue 4.000%  5/15/40      24,500     25,092
  Los Angeles Department of Airports Port, Airport & Marina Revenue 4.000%  5/15/40       5,435      5,566
  Los Angeles Department of Airports Port, Airport & Marina Revenue 4.000%  5/15/40       6,285      6,447
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/40       8,800      9,475
  Los Angeles Department of Airports Port, Airport & Marina Revenue 4.000%  5/15/41       3,000      3,033
  Los Angeles Department of Water & Power Electric Power & Light Revenue 4.000%   7/1/27       1,330      1,349
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/27         615        638
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/27       2,015      2,091
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/27       1,805      1,873
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/27       7,920      8,218
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/27         770        799
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/27         555        576
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/27         720        741
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/27       2,715      2,817
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/28       6,810      7,162
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/28       2,135      2,245
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/28       7,125      7,493
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/28       2,490      2,601
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/28         555        584
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/28         820        844
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/28       1,130      1,188
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/28         885        894
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/29       5,455      5,809
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/29       4,700      5,005
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/29       1,975      2,103
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/29       1,550      1,602
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/29       5,430      5,659
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/29         670        703
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/29       1,690      1,788
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/29       3,295      3,486
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/29         870        893
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/29         465        495
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/29         940      1,001
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/29       1,475      1,571
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/29       3,215      3,423
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/30       1,970      2,081
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/30         310        334
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/30      14,465     15,581
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/30       5,910      6,146
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/30       3,130      3,307
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/30       5,005      5,391
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/30       1,635      1,761
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/31       6,170      6,397
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/31       2,410      2,539
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/31       1,770      1,927
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/31       9,560     10,410
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/31         975      1,033
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/31       1,460      1,590
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/31         640        697
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/32       2,935      3,032
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/32       2,070      2,175
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/32       3,805      4,020
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/32       1,145      1,259
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/32       5,995      6,590
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/32         965      1,002
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/32       1,005      1,062
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/32         590        649
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/32       1,500      1,649
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/33       1,070      1,110
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/33       2,430      2,666
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/33       1,665      1,845
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/33         250        273
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/33         540        595
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/33       1,625      1,801
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/33       2,900      3,214
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/34       9,415      9,757
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/34       4,530      4,966
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/34      11,465     12,821
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/34       1,515      1,584
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/34         250        273
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/34         670        738
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/34         835        925
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/35      23,055     23,527
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/35      36,000     37,256
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/35         290        292
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/35         580        635
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/35       1,820      1,969
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/35      12,170     13,455
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/35         440        489
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/35       1,180      1,232
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/35       1,945      2,171
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/36      16,270     16,589
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/36      17,150     17,718
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/36         565        609
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/36         500        551
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/36         855        891
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/36         700        778
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/36       3,760      4,179
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/36         175        189
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/36       2,010      2,203
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/36         455        503
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/36         300        332
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/37      11,140     11,339
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/37         750        770
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/37      10,525     10,850
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/37      11,585     12,047
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/37       1,905      2,053
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/37         530        578
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/37       4,385      4,824
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/37       3,200      3,504
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/37         910      1,006
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/37         800        836
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/37       1,000      1,072
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/37         500        539
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/37         485        536
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/37         670        740
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/38       1,465      1,580
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/38       1,990      2,170
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/38       1,120      1,215
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/38         725        806
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/38         170        186
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/39       7,125      7,371
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/39      11,370     12,084
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/39       1,615      1,733
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/39       2,695      2,909
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/39       1,435      1,577
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/39       1,950      2,143
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/39         920      1,015
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/39       1,395      1,520
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/39       2,680      2,932
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/39       1,100      1,209
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/40      37,635     39,766
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/40       1,240      1,334
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/40       1,340      1,436
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/40       9,960     10,616
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/40       1,470      1,601
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/41      12,930     13,632
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/41       8,450      9,086
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/41       2,630      2,838
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/42       8,670      8,775
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/42       4,830      5,137
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/42       2,400      2,560
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/42       1,940      2,069
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/43         100        105
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/43       7,820      8,282
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/43       1,050      1,112
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/43       1,500      1,593
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/43       1,055      1,123
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/44       1,130      1,161
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/44       2,420      2,551
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/44         150        158
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/44       1,120      1,183
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/45       4,945      5,198
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/45       2,610      2,750
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/46      10,825     11,213
  Los Angeles Department of Water & Power Water System Water Revenue 4.000%   7/1/28       1,000      1,017
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Los Angeles Department of Water & Power Water System Water Revenue 4.000%   7/1/29         530        541
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/29         595        635
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/29         385        411
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/29         950        991
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/30         825        892
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/30         320        346
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/30         995      1,035
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/31         770        841
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/31         630        688
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/32         645        711
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/32       1,760      1,941
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/32         465        476
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/32         315        339
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/33       3,930      4,017
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/33         155        161
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/33       4,035      4,478
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/33         450        492
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/33         440        483
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/33       1,190      1,321
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/33         125        129
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/34       2,500      2,554
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/34         990      1,027
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/34       1,185      1,272
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/34         480        535
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/35       2,595      2,649
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/35       1,910      2,125
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/36       2,750      2,771
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/36      18,025     18,633
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/36       1,260      1,368
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/36       1,935      2,068
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/36         670        745
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/36         130        140
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/36         340        371
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/37      21,535     22,215
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/37         325        353
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/37         350        382
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/37       1,780      1,913
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/37         465        512
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/37         990      1,096
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/37         695        773
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/38      17,720     18,017
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/38      11,000     11,327
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/38       1,845      2,004
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/38       5,610      6,125
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/38       2,435      2,659
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/38         230        254
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/38       2,725      3,032
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/39         525        580
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/40       5,070      5,439
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/40         320        345
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/41      10,150     10,669
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/41      16,545     17,617
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/41       1,285      1,303
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/41         450        486
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/41         840        911
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/42         520        554
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/43      34,465     36,230
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/43         370        390
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/43         900        954
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/43         140        148
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/43         185        197
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/44       1,420      1,506
  Los Angeles Department of Water & Power Water System Water Revenue VRDO 4.250%   2/3/25      38,811     38,811
  Los Angeles Department of Water & Power Water System Water Revenue VRDO 4.250%   2/3/25      33,439     33,439
  Los Angeles Department of Water & Power Water System Water Revenue VRDO 4.250%   2/6/25      20,882     20,882
  Los Angeles Department of Water & Power Water System Water Revenue VRDO 4.500%   2/6/25      12,156     12,156
  Los Angeles Housing Authority Local or Guaranteed Housing Revenue 3.750%   4/1/34       1,000        997
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%  11/1/30      10,000     10,342
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue (Capital Equipment & Real Project) 5.000%   5/1/26       1,400      1,440
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue (Capital Equipment & Real Project) 5.000%   5/1/33       2,200      2,536
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Menifee Union School District Public Financing Authority Special Tax Revenue 5.000%   9/1/27       1,000      1,035
10 Menifee Union School District Public Financing Authority Special Tax Revenue 5.000%   9/1/31       1,310      1,352
  Metropolitan Water District of Southern California Water Revenue PUT 5.000%   7/1/31       3,525      3,883
  Metropolitan Water District of Southern California Water Revenue VRDO 1.100%   2/6/25      31,900     31,900
  Milpitas CA Unified School District GO 2.000%   8/1/40       3,130      2,269
6 Moreland School District GO 5.000%   8/1/39       1,245      1,403
6 Moreland School District GO 5.000%   8/1/41       1,800      2,003
1 Mountain House Public Financing Authority Intergovernmental Agreement Revenue 4.000%  12/1/40       3,000      3,023
  M-S-R Energy Authority Natural Gas Revenue 7.000%  11/1/34       6,000      7,369
  M-S-R Energy Authority Natural Gas Revenue 6.500%  11/1/39      14,170     17,490
8 New Haven Unified School District GO 0.000%   8/1/31       1,200        964
  Northern California Energy Authority Natural Gas Revenue PUT 5.000%   8/1/30      99,380    105,309
  Novato CA Unified School District GO 3.000%   8/1/39       2,000      1,801
  Novato CA Unified School District GO 3.000%   8/1/40       3,425      3,020
3 Oak Park Unified School District GO 0.000%   8/1/28       1,050        932
  Orange County Local Transportation Authority Sales Tax Revenue 5.000%  2/15/36      10,050     10,823
  Orange County Local Transportation Authority Sales Tax Revenue 5.000%  2/15/37      12,500     13,434
  Palo Alto Unified School District GO 0.000%   8/1/28      20,320     18,366
  Palo Alto Unified School District GO 0.000%   8/1/29      19,530     17,104
  Palomar Community College District GO 0.000%   8/1/32       1,965      1,532
8 Palomar Health GO 0.000%   8/1/30       7,000      5,646
8 Palomar Health GO 0.000%   8/1/32       9,300      6,859
  Palomar Health GO 4.000%   8/1/34       5,725      5,591
  Palos Verdes Peninsula Unified School District GO 0.000%   8/1/32       6,050      4,715
  Palos Verdes Peninsula Unified School District GO 0.000%   8/1/33       4,120      3,085
10 Paramount Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue (Redevelopment Project Area No. 1) 0.000%   8/1/26       3,245      3,057
  Peralta Community College District GO 5.000%   8/1/28       3,000      3,003
  Placentia-Yorba Linda Unified School District GO 0.000%   8/1/35       2,395      1,637
  Placentia-Yorba Linda Unified School District GO 3.000%   8/1/38       1,000        914
  Pleasanton Unified School District GO 4.000%   8/1/40         600        611
  Pleasanton Unified School District GO 4.000%   8/1/41       1,000      1,015
  Poway Unified School District GO 0.000%   8/1/29       6,160      5,351
3 Poway Unified School District GO 0.000%   8/1/31      10,000      8,123
1 Rialto Redevelopment Agency Tax Increment/Allocation Revenue (Merged Project) 5.000%   9/1/32       3,125      3,159
  Rio Hondo CA Community College District GO 6.850%   8/1/42       1,000      1,272
  Riverside CA Electric Power & Light Revenue 5.000%  10/1/35       6,260      6,733
5 Riverside CA Lease (Abatement) Revenue COP VRDO 1.470%   2/6/25      25,200     25,200
3 Riverside County Redevelopment Successor Agency Tax Increment/Allocation Revenue (Jurupa Valley Redevelopment Project) 5.000%  10/1/30       1,375      1,447
  Riverside County Transportation Commission Highway Revenue 0.000%   6/1/25       4,570      4,517
  Riverside County Transportation Commission Highway Revenue 0.000%   6/1/26       3,625      3,457
  Riverside County Transportation Commission Highway Revenue 0.000%   6/1/27       3,670      3,376
  Riverside County Transportation Commission Highway Revenue 0.000%   6/1/28       5,580      4,947
  Riverside County Transportation Commission Highway Revenue 0.000%   6/1/29       5,610      4,788
  Riverside County Transportation Commission Highway Revenue 4.000%   6/1/37       1,170      1,189
  Riverside County Transportation Commission Highway Revenue 4.000%   6/1/39       1,635      1,647
  Riverside County Transportation Commission Highway Revenue 4.000%   6/1/40       2,100      2,105
  Riverside County Transportation Commission Highway Revenue 4.000%   6/1/46       1,075      1,061
  Riverside County Transportation Commission Highway Revenue, ETM 0.000%   6/1/25       4,220      4,178
  Riverside County Transportation Commission Highway Revenue, ETM 0.000%   6/1/27       2,760      2,571
  Riverside County Transportation Commission Highway Revenue, ETM 0.000%   6/1/28       4,350      3,927
  Riverside County Transportation Commission Highway Revenue, ETM 0.000%   6/1/29       5,465      4,771
  Riverside County Transportation Commission Sales Tax Revenue 5.000%   6/1/37       2,600      2,699
  Roseville CA Electric System Intergovernmental Agreement Revenue 4.000%   2/1/36       3,365      3,403
3 Roseville Joint Union High School District GO 0.000%   8/1/27       2,915      2,689
  Roseville Natural Gas Financing Authority Natural Gas Revenue 5.000%  2/15/25         285        285
  Roseville Natural Gas Financing Authority Natural Gas Revenue 5.000%  2/15/26         355        360
  Roseville Natural Gas Financing Authority Natural Gas Revenue 5.000%  2/15/28         160        166
3 Sacramento CA City Unified School District GO 4.000%   8/1/38       1,680      1,711
3 Sacramento CA City Unified School District GO 4.000%   8/1/40       2,000      2,022
10 Sacramento City Financing Authority Tax Increment/Allocation Revenue 0.000%  12/1/25      13,125     12,763
10 Sacramento City Financing Authority Tax Increment/Allocation Revenue 0.000%  12/1/30      11,000      8,903
  Sacramento County CA Airport System Port, Airport & Marina Revenue 5.000%   7/1/40       1,650      1,873
  Sacramento County CA Special Tax Revenue 5.000%   9/1/31       5,780      6,223
  Sacramento County CA Special Tax Revenue 5.000%   9/1/33       2,645      2,841
  San Diego CA Unified School District GO 0.000%   7/1/30       1,115        940
  San Diego CA Unified School District GO 0.000%   7/1/36       1,000        656
  San Diego CA Unified School District GO 0.000%   7/1/37       1,000        629
  San Diego CA Unified School District GO 0.000%   7/1/38       5,220      3,132
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  San Diego CA Unified School District GO 5.000%   7/1/42       4,000      4,516
  San Diego CA Unified School District GO 5.000%   7/1/43       4,000      4,478
  San Diego CA Unified School District GO 0.000%   7/1/44      10,825      4,808
  San Diego CA Unified School District GO 5.000%   7/1/44       1,425      1,583
  San Diego CA Unified School District GO, ETM 0.000%   7/1/30       4,355      3,680
  San Diego CA Unified School District GO, ETM 0.000%   7/1/30       5,800      4,902
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/32       4,500      4,909
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/33       2,150      2,341
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/34       1,340      1,456
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/35       1,950      2,114
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/38       1,400      1,530
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/39       1,375      1,496
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 4.000%   7/1/40       1,860      1,882
  San Diego Housing Authority Inc. Local or Guaranteed Housing Revenue 4.200%   6/1/40       9,465      9,476
  San Diego Public Facilities Financing Authority Intergovernmental Agreement Revenue 4.000%   8/1/39       1,000      1,019
  San Diego Public Facilities Financing Authority Intergovernmental Agreement Revenue 5.000%  5/15/41       2,090      2,317
  San Diego Public Facilities Financing Authority Intergovernmental Agreement Revenue 5.000%   8/1/43       9,655     10,076
  San Diego Public Facilities Financing Authority Lease (Abatement) Revenue (Capital Improvement Projects) 5.000% 10/15/40       2,750      2,986
  San Diego Public Facilities Financing Authority Water Revenue 5.000%   8/1/29       8,570      8,849
  San Diego Public Facilities Financing Authority Water Revenue 5.000%   8/1/35      12,100     12,442
  San Diego Public Facilities Financing Authority Water Revenue 5.000%   8/1/36       9,255      9,507
  San Francisco Bay Area Rapid Transit District GO 3.000%   8/1/38       5,000      4,511
  San Francisco CA City & County (Animal Care & Control Project) COP 4.000%   4/1/34       2,550      2,605
  San Francisco CA City & County (Animal Care & Control Project) COP 4.000%   4/1/35       2,650      2,697
  San Francisco CA City & County (Animal Care & Control Project) COP 4.000%   4/1/36       2,755      2,798
  San Francisco CA City & County (Animal Care & Control Project) COP 4.000%   4/1/38       2,980      3,011
  San Francisco CA City & County (Animal Care & Control Project) COP 4.000%   4/1/39       2,100      2,114
  San Francisco CA City & County (Moscone Convention Center Expansion Project) COP 4.000%   4/1/33      12,465     12,505
  San Francisco CA City & County (Moscone Convention Center Expansion Project) COP 4.000%   4/1/35      10,000     10,024
  San Francisco CA City & County (Moscone Convention Center Expansion Project) COP 4.000%   4/1/36      10,000     10,019
  San Francisco CA City & County COP 4.000%   4/1/39       2,000      2,022
  San Francisco CA City & County GO 4.000%  6/15/39       4,115      4,182
  San Francisco CA City & County GO 4.000%  6/15/39       5,630      5,721
  San Francisco CA City & County GO 4.000%  6/15/40       2,280      2,306
  San Francisco CA City & County GO 4.000%  6/15/40       3,455      3,495
  San Francisco CA City & County GO 4.000%  6/15/40       3,060      3,095
4 San Francisco CA City & County Multi Family Housing Local or Guaranteed Housing Revenue TOB VRDO 2.000%   2/3/25       1,500      1,500
  San Francisco CA Public Utilities Commission Water Revenue 4.000%  11/1/30       1,870      1,925
  San Francisco CA Public Utilities Commission Water Revenue 5.000%  11/1/39       3,395      3,874
  San Francisco CA Public Utilities Commission Water Revenue 5.000%  11/1/40       1,545      1,758
  San Francisco CA Public Utilities Commission Water Revenue 5.000%  11/1/42       1,410      1,574
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/33      10,000     10,859
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/34      14,000     15,173
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/35      10,950     11,843
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/41       4,250      4,784
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/43      19,000     20,964
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue 5.000%  10/1/35       3,925      4,152
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue 5.000%  10/1/35       2,015      2,132
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue 5.000%  10/1/37       9,225      9,722
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue 5.000%  10/1/39       1,000      1,126
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue 5.000%  10/1/41       1,000      1,113
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue PUT 4.000%  10/1/29      12,000     12,541
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue, Prere. 5.000%  10/1/32       1,125      1,309
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue, Prere. 5.000%  10/1/32       1,060      1,233
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue, Prere. 5.000%  10/1/32       1,000      1,163
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue, Prere. 5.000%  10/1/32       1,000      1,163
  San Francisco Unified School District GO 5.000%  6/15/38       3,135      3,420
  San Joaquin County Transportation Authority Measure K Sales Tax Revenue 5.000%   3/1/34       3,000      3,113
  San Joaquin County Transportation Authority Measure K Sales Tax Revenue 5.000%   3/1/34       2,485      2,682
  San Joaquin County Transportation Authority Measure K Sales Tax Revenue 5.000%   3/1/35       3,110      3,224
  San Joaquin County Transportation Authority Measure K Sales Tax Revenue 5.000%   3/1/35       3,170      3,414
  San Joaquin County Transportation Authority Measure K Sales Tax Revenue 5.000%   3/1/36       3,565      3,693
  San Marcos Unified School District GO 5.000%   8/1/36       3,330      3,470
  San Mateo Foster CA City School District GO 3.000%   8/1/39         555        507
  San Mateo Foster CA City School District GO 3.000%   8/1/39         555        507
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  San Mateo Foster CA City School District GO 3.000%   8/1/40         560        504
  San Mateo Foster CA City School District GO 3.000%   8/1/41         500        441
  San Mateo Foster CA City School District GO 3.000%   8/1/41         585        516
11 San Mateo Union High School District GO, 6.700% coupon rate effective 9/1/28 0.000%   9/1/41       3,220      3,399
13 San Ramon Public Financing Authority Tax Increment/Allocation Revenue 0.000%   2/1/29       3,535      3,055
13 San Ramon Public Financing Authority Tax Increment/Allocation Revenue 0.000%   2/1/30       3,535      2,938
13 San Ramon Public Financing Authority Tax Increment/Allocation Revenue 0.000%   2/1/32       3,535      2,702
10 Santa Ana Unified School District GO 0.000%   8/1/29       3,315      2,840
10 Santa Ana Unified School District GO 0.000%   8/1/30       2,200      1,815
  Santa Clara CA Electric Electric Power & Light Revenue 5.000%   7/1/38       1,160      1,336
  Santa Clara CA Electric Electric Power & Light Revenue 5.000%   7/1/39         800        916
  Santa Clara CA Electric Electric Power & Light Revenue 5.000%   7/1/40       1,200      1,366
  Santa Clara CA Electric Electric Power & Light Revenue 5.000%   7/1/41       2,000      2,263
  Santa Clara County Financing Authority Lease (Abatement) Revenue 3.000%   5/1/36       5,200      4,915
  Santa Clara County Financing Authority Lease (Abatement) Revenue 3.000%   5/1/38       5,525      5,064
  Santa Clara County Financing Authority Lease (Abatement) Revenue 3.000%   5/1/38       4,385      4,019
  Santa Clara County Financing Authority Lease (Abatement) Revenue 3.000%   5/1/39       7,440      6,671
  Santa Clara County Financing Authority Lease (Abatement) Revenue 2.125%   5/1/40      13,670     10,131
  Santa Clara County Financing Authority Lease (Abatement) Revenue 3.000%   5/1/40       8,920      7,857
  Santa Clara County Financing Authority Lease (Abatement) Revenue 2.125%   5/1/41      13,960     10,015
  Santa Clara Unified School District GO 3.000%   7/1/36       4,425      4,124
  Santa Clara Unified School District GO 3.000%   7/1/37       3,590      3,277
  Santa Monica Community College District GO 0.000%   8/1/27       7,065      6,505
  Santa Monica Community College District GO 0.000%   8/1/28       7,295      6,485
  Santa Monica Community College District GO 0.000%   8/1/29      12,640     10,837
13 Santa Rosa CA Wastewater Sewer Revenue 0.000%   9/1/27      11,125     10,263
  Saugus Union School District School Facilities Improvement District No. 2014-1 GO 3.000%   8/1/35       1,640      1,568
  Saugus Union School District School Facilities Improvement District No. 2014-1 GO 3.000%   8/1/38       2,700      2,477
  Saugus Union School District School Facilities Improvement District No. 2014-1 GO 3.000%   8/1/39       2,900      2,622
  Saugus Union School District School Facilities Improvement District No. 2014-1 GO 3.000%   8/1/40       2,500      2,215
  Saugus Union School District School Facilities Improvement District No. 2014-1 GO 3.000%   8/1/41       6,945      6,048
10 Simi Valley Unified School District GO 0.000%   6/1/29       6,000      5,267
3 Simi Valley Unified School District GO 0.000%   8/1/29       5,000      4,365
3 Simi Valley Unified School District GO 0.000%   8/1/30       3,000      2,533
  Sonoma County Junior College District GO 5.000%   8/1/41       3,000      3,070
  South San Francisco Public Facilities Financing Authority Lease (Abatement) Revenue (Multiple Capital Projects) 5.000%   6/1/37         750        824
  South San Francisco Public Facilities Financing Authority Lease (Abatement) Revenue (Multiple Capital Projects) 5.000%   6/1/39       1,000      1,090
6 South San Francisco Unified School District GO 5.000%   9/1/29       1,000      1,088
6 South San Francisco Unified School District GO 5.000%   9/1/30         835        923
6 South San Francisco Unified School District GO 5.000%   9/1/31         940      1,053
6 South San Francisco Unified School District GO 5.000%   9/1/32       1,380      1,563
6 South San Francisco Unified School District GO 5.000%   9/1/34       1,010      1,167
6 South San Francisco Unified School District GO 5.000%   9/1/35       1,115      1,299
6 South San Francisco Unified School District GO 5.000%   9/1/36       1,015      1,176
6 South San Francisco Unified School District GO 5.000%   9/1/37       1,110      1,276
  Southern California Public Power Authority Electric Power & Light Revenue (Apex Power Project) 5.000%   7/1/30       2,940      3,190
  Southern California Public Power Authority Electric Power & Light Revenue (Apex Power Project) 5.000%   7/1/33       3,410      3,813
  Southern California Public Power Authority Electric Power & Light Revenue (Canyon Power Project) PUT 0.650%   7/1/25       5,000      4,940
  Southern California Public Power Authority Electric Power & Light Revenue (Clean Energy Project) PUT 5.000%   9/1/30      93,920     98,753
  Southern California Public Power Authority Electric Power & Light Revenue (Southern Transmission System Renewal Project) 5.000%   7/1/27         695        723
  Southern California Public Power Authority Electric Power & Light Revenue (Southern Transmission System Renewal Project) 5.000%   7/1/29         920        985
  Southern California Public Power Authority Electric Power & Light Revenue (Southern Transmission System Renewal Project) 5.000%   7/1/32         500        553
  Southern California Public Power Authority Electric Power & Light Revenue (Southern Transmission System Renewal Project) 5.000%   7/1/33         330        369
  Southern California Public Power Authority Electric Power & Light Revenue (Southern Transmission System Renewal Project) 5.000%   7/1/34         795        885
  Southern California Public Power Authority Electric Power & Light Revenue (Windy Point/Windy Flats Project) 5.000%   7/1/29         480        514
  Southern California Public Power Authority Intergovernmental Agreement Revenue (Southern Transmission System Renewal Project) 5.000%   7/1/33         210        235
  Southern California Public Power Authority Intergovernmental Agreement Revenue (Southern Transmission System Renewal Project) 5.000%   7/1/35         145        163
  Southern California Public Power Authority Intergovernmental Agreement Revenue (Southern Transmission System Renewal Project) 5.000%   7/1/37         735        819
  Southern California Public Power Authority Intergovernmental Agreement Revenue (Southern Transmission System Renewal Project) 5.000%   7/1/44       1,225      1,301
  Southern California Public Power Authority Natural Gas Revenue (Project No. 1) 5.250%  11/1/27         445        460
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Stockton Unified School District COP 5.000%   2/1/34       2,295      2,398
  Tahoe-Truckee Unified School District GO 5.000%   8/1/31         610        631
  Tahoe-Truckee Unified School District GO 5.000%   8/1/33       1,085      1,121
  Transbay Joint Powers Authority Tax Increment/Allocation Revenue 5.000%  10/1/35       1,565      1,624
10 Union Elementary School District GO 0.000%   9/1/27       7,295      6,757
10 Union Elementary School District GO 0.000%   9/1/28       4,625      4,150
10 Union Elementary School District GO 0.000%   9/1/28       6,275      5,631
  University of California College & University Revenue 5.000%  5/15/29       5,220      5,717
  University of California College & University Revenue 5.000%  5/15/31      12,000     13,588
  University of California College & University Revenue 5.000%  5/15/31      10,000     11,324
  University of California College & University Revenue 5.000%  5/15/32       8,635      9,203
  University of California College & University Revenue 5.000%  5/15/33       5,750      6,119
  University of California College & University Revenue 5.000%  5/15/33       1,500      1,740
  University of California College & University Revenue 4.000%  5/15/34      28,825     29,267
  University of California College & University Revenue 4.000%  5/15/35       5,665      5,743
  University of California College & University Revenue 5.000%  5/15/35       4,900      5,100
  University of California College & University Revenue 5.000%  5/15/36       7,175      7,339
  University of California College & University Revenue 5.000%  5/15/36       9,010      9,541
  University of California College & University Revenue 5.000%  5/15/36       3,000      3,281
  University of California College & University Revenue 5.000%  5/15/36       2,000      2,281
  University of California College & University Revenue 5.000%  5/15/37       2,120      2,412
  University of California College & University Revenue 5.000%  5/15/37       4,500      5,121
6 University of California College & University Revenue 5.000%  5/15/37      10,050     11,715
6 University of California College & University Revenue 5.000%  5/15/37      22,680     26,438
  University of California College & University Revenue 5.000%  5/15/38       1,000      1,132
6 University of California College & University Revenue 5.000%  5/15/38      14,875     17,226
6 University of California College & University Revenue 5.000%  5/15/38      17,190     19,906
  University of California College & University Revenue 5.000%  5/15/39       1,150      1,246
  University of California College & University Revenue 5.000%  5/15/39       1,000      1,127
  University of California College & University Revenue 5.000%  5/15/39       5,000      5,635
6 University of California College & University Revenue 5.000%  5/15/39      13,015     15,000
6 University of California College & University Revenue 5.000%  5/15/40      15,390     17,617
  University of California College & University Revenue 5.000%  5/15/41       8,000      8,598
  University of California College & University Revenue 5.000%  5/15/41      18,000     20,008
  University of California College & University Revenue 5.000%  5/15/41       4,500      5,054
  University of California College & University Revenue 5.000%  5/15/41       4,620      5,188
  University of California College & University Revenue 5.000%  5/15/42       2,250      2,408
  University of California College & University Revenue 5.000%  5/15/42       3,000      3,347
  University of California College & University Revenue 5.000%  5/15/42       1,500      1,673
  University of California College & University Revenue 5.000%  5/15/43       2,000      2,221
  University of California College & University Revenue 5.000%  5/15/43       1,250      1,388
  University of California College & University Revenue (Limited Project) 5.000%  5/15/29      19,020     19,139
  University of California College & University Revenue (Limited Project) 5.000%  5/15/34       5,625      5,973
  University of California College & University Revenue (Limited Project) 5.000%  5/15/35       6,025      6,387
  University of California College & University Revenue (Limited Project) 5.000%  5/15/37       6,640      7,010
  University of California College & University Revenue (Limited Project) 4.000%  5/15/38      12,300     12,764
  University of California College & University Revenue (Limited Project) 5.000%  5/15/38       1,850      1,948
  University of California College & University Revenue (Limited Project) 4.000%  5/15/40       7,405      7,633
  University of California College & University Revenue (Limited Project) 4.000%  5/15/41      17,130     17,531
  University of California Regents Medical Center Pooled Health, Hospital, Nursing Home Revenue 5.000%  5/15/37      15,000     16,840
  University of California Regents Medical Center Pooled Health, Hospital, Nursing Home Revenue 5.000%  5/15/39      10,000     11,124
  University of California Regents Medical Center Pooled Health, Hospital, Nursing Home Revenue 4.000%  5/15/43       5,300      5,286
3 Upland Unified School District GO 0.000%   8/1/31       7,445      6,003
  Ventura County Community College District GO 0.000%   8/1/25       8,000      7,884
  Ventura County Community College District GO 0.000%   8/1/26       8,500      8,136
  Ventura County Community College District GO 0.000%   8/1/27       8,500      7,894
  Vernon CA Electric System Electric Power & Light Revenue 5.000%  10/1/27         765        801
  Vernon CA Electric System Electric Power & Light Revenue 5.000%   4/1/28         655        691
  Vernon CA Electric System Electric Power & Light Revenue 5.000%   8/1/39         545        584
  Vernon CA Electric System Electric Power & Light Revenue 5.000%   8/1/41         430        456
  Vista Joint Powers Financing Authority Lease (Abatement) Revenue 5.250%   5/1/33       6,815      6,850
  Vista Joint Powers Financing Authority Lease (Abatement) Revenue 5.250%   5/1/34       7,355      7,390
10 West Contra Costa Unified School District GO 0.000%   8/1/28       5,230      4,662
3,9 West Contra Costa Unified School District GO 0.000%   8/1/30      13,450     11,187
10 West Contra Costa Unified School District GO 0.000%   8/1/31       6,670      5,324
3,9 West Contra Costa Unified School District GO 0.000%   8/1/32      18,000     13,845
8 West Contra Costa Unified School District GO 0.000%   8/1/32       6,000      4,659
10 West Contra Costa Unified School District GO 0.000%   8/1/33       5,030      3,695
8 West Contra Costa Unified School District GO 0.000%   8/1/33       2,810      2,096
1 West Contra Costa Unified School District GO 4.000%   8/1/33       1,715      1,843
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
1 West Contra Costa Unified School District GO 5.000%   8/1/33       2,310      2,677
10 West Contra Costa Unified School District GO 0.000%   8/1/34      17,000     11,910
1 West Contra Costa Unified School District GO 5.000%   8/1/34         500        584
1 West Contra Costa Unified School District GO 5.000%   8/1/34       1,750      2,045
1 West Contra Costa Unified School District GO 5.000%   8/1/34       2,730      3,190
1 West Contra Costa Unified School District GO 5.000%   8/1/35       2,250      2,607
1 West Contra Costa Unified School District GO 5.000%   8/1/36         500        577
1 West Contra Costa Unified School District GO 5.000%   8/1/36       1,000      1,153
1 West Contra Costa Unified School District GO 5.000%   8/1/36       1,765      2,036
1 West Contra Costa Unified School District GO 5.000%   8/1/37       1,980      2,271
  William S Hart Union High School District GO 0.000%   8/1/33       1,250        926
                                   7,297,108
Colorado (1.6%)
  Adams & Weld Counties CO School District No. 27J Brighton GO 4.000%  12/1/37       2,295      2,346
  Adams & Weld Counties CO School District No. 27J Brighton GO 4.000%  12/1/38       5,480      5,548
  Adams & Weld Counties CO School District No. 27J Brighton GO 4.000%  12/1/39       3,645      3,681
  Adams 12 Five Star Schools GO 5.250% 12/15/43       3,060      3,438
  Adams County CO COP 5.000%  12/1/30         600        609
  Adams County CO COP 5.000%  12/1/33       1,040      1,055
  Adams County CO COP 5.000%  12/1/34         790        801
  Arapahoe County School District No. 5 Cherry Creek GO 4.000% 12/15/37      27,995     28,171
  Arapahoe County School District No. 5 Cherry Creek GO 5.250% 12/15/41       7,475      8,531
  Arapahoe County School District No. 5 Cherry Creek GO 5.250% 12/15/43       6,630      7,426
  Arapahoe County School District No. 6 Littleton GO 5.500%  12/1/43      10,000     10,658
1 Arista Metropolitan District GO 5.000%  12/1/38       1,500      1,611
  Aurora CO Water Revenue, Prere. 5.000%   8/1/26       5,000      5,165
  Aurora CO Water Revenue, Prere. 5.000%   8/1/26       5,000      5,165
8 Baseline Metropolitan District No. 1 GO 5.000%  12/1/32       1,500      1,638
8 Baseline Metropolitan District No. 1 GO 5.000%  12/1/33       1,530      1,667
8 Baseline Metropolitan District No. 1 GO 5.000%  12/1/34       3,000      3,261
8 Baseline Metropolitan District No. 1 GO 5.000%  12/1/35       1,500      1,627
8 Baseline Metropolitan District No. 1 GO 5.000%  12/1/37       1,620      1,746
8 Baseline Metropolitan District No. 1 GO 5.000%  12/1/39       1,150      1,232
  Board of Governors of Colorado State University System College & University Revenue 5.000%   3/1/43      11,500     12,862
  Boulder Valley School District No. Re-2 Boulder GO 5.000%  12/1/34       3,055      3,176
  Boulder Valley School District No. Re-2 Boulder GO 5.000%  12/1/35       8,590      8,920
  Boulder Valley School District No. Re-2 Boulder GO 5.000%  12/1/36       9,020      9,358
  Boulder Valley School District No. Re-2 Boulder GO 5.000%  12/1/37       3,915      4,058
1 Canyons Metropolitan District No. 5 GO 5.000%  12/1/28         200        213
1 Canyons Metropolitan District No. 5 GO 5.000%  12/1/30         200        218
1 Canyons Metropolitan District No. 5 GO 5.000%  12/1/32         250        279
1 Canyons Metropolitan District No. 5 GO 5.000%  12/1/34         250        282
1 Canyons Metropolitan District No. 5 GO 5.000%  12/1/35         300        338
1 Canyons Metropolitan District No. 5 GO 5.000%  12/1/36         275        308
1 Canyons Metropolitan District No. 5 GO 5.000%  12/1/37         275        306
1 Canyons Metropolitan District No. 5 GO 5.000%  12/1/38         360        399
1 Canyons Metropolitan District No. 5 GO 5.000%  12/1/39         400        441
1 Canyons Metropolitan District No. 5 GO 5.000%  12/1/40         300        328
1 Canyons Metropolitan District No. 5 GO 5.000%  12/1/41         350        382
1 Canyons Metropolitan District No. 5 GO 5.000%  12/1/42         370        402
1 Canyons Metropolitan District No. 5 GO 5.000%  12/1/43         400        432
1 Canyons Metropolitan District No. 5 GO 5.000%  12/1/44         300        323
3 Castle Oaks Metropolitan District No. 3 GO 4.000%  12/1/35         600        611
3 Castle Oaks Metropolitan District No. 3 GO 4.000%  12/1/40         615        608
  Centennial Water & Sanitation District Water Revenue 5.000%  12/1/43       4,405      4,590
  Colorado COP 5.000%   9/1/30       1,260      1,333
  Colorado COP 5.000%  11/1/32       1,500      1,702
  Colorado COP 5.000%  3/15/33       1,350      1,440
  Colorado COP 5.000%  11/1/33       1,375      1,575
  Colorado COP 4.000% 12/15/33      23,200     23,799
  Colorado COP 5.000%  3/15/34       1,385      1,473
  Colorado COP 5.000%  11/1/34       1,250      1,444
  Colorado COP 4.000% 12/15/34      16,040     16,390
  Colorado COP 5.000%  11/1/35       1,025      1,173
  Colorado COP 4.000% 12/15/35      15,500     15,761
  Colorado COP 5.000%  3/15/36       2,840      2,999
  Colorado COP 5.000%  11/1/36       1,625      1,851
  Colorado COP 4.000% 12/15/36       3,000      3,077
  Colorado COP 6.000% 12/15/36       3,200      3,807
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Colorado COP 4.000%  3/15/37       1,870      1,907
  Colorado COP 4.000%  6/15/37       1,030      1,048
  Colorado COP 3.000% 12/15/37      10,000      9,046
  Colorado COP 4.000% 12/15/37       9,540      9,616
  Colorado COP 6.000% 12/15/37      10,000     11,834
  Colorado COP 4.000%  3/15/38       2,760      2,797
  Colorado COP 4.000%  6/15/38       1,345      1,360
  Colorado COP 6.000% 12/15/38       7,890      9,296
  Colorado COP 4.000%  3/15/39       7,135      7,156
  Colorado COP 4.000%  6/15/39       1,020      1,026
  Colorado COP 4.000% 12/15/39       5,255      5,277
  Colorado COP 4.000%  6/15/40       1,320      1,321
  Colorado COP 4.000%  6/15/41       1,300      1,291
  Colorado Educational & Cultural Facilities Authority Charter School Aid Revenue (American Academy Project) 5.000%  12/1/29       1,800      1,893
  Colorado Educational & Cultural Facilities Authority Charter School Aid Revenue (American Academy Project) 5.000%  12/1/35       4,565      4,764
  Colorado Educational & Cultural Facilities Authority Charter School Aid Revenue (American Academy Project) 5.000%  12/1/40       3,555      3,633
  Colorado Educational & Cultural Facilities Authority Charter School Aid Revenue (Aspen View Academy Project) 4.000%   5/1/31         130        130
  Colorado Educational & Cultural Facilities Authority Charter School Aid Revenue (Aspen View Academy Project) 4.000%   5/1/41         375        345
  Colorado Educational & Cultural Facilities Authority College & University Revenue (University of Denver Project) 4.000%   3/1/31         880        889
  Colorado Educational & Cultural Facilities Authority College & University Revenue (University of Denver Project) 4.000%   3/1/32       1,030      1,039
  Colorado Educational & Cultural Facilities Authority College & University Revenue (University of Denver Project) 4.000%   3/1/33       2,100      2,116
  Colorado Educational & Cultural Facilities Authority College & University Revenue (University of Denver Project) 4.000%   3/1/34       2,075      2,088
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/25       2,540      2,544
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   1/1/26         750        755
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/26       1,885      1,888
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%   1/1/27         590        589
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/27       3,020      3,159
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/27       9,475      9,910
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/27       1,460      1,462
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/28       1,030      1,031
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%   1/1/29         600        598
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%   1/1/29         430        428
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%   1/1/30         500        496
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/30       1,405      1,407
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%   1/1/31         955        944
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/31       9,240      9,896
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/31       4,000      4,284
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  5/15/32       1,220      1,257
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  5/15/32       3,250      3,655
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/32       5,000      5,332
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  5/15/33       5,500      6,157
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/33       5,000      5,311
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/34       3,770      3,987
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/34       1,750      2,007
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%   1/1/35       9,625      9,815
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%   1/1/36       5,800      5,892
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/36       6,400      6,718
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/36       7,835      8,224
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.250%  11/1/36       1,155      1,278
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/37      17,455     18,599
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/38       5,260      5,470
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.250%  11/1/38       2,655      2,909
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/39       1,995      2,098
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.250%  11/1/39       2,500      2,725
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/39      10,955     11,601
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/39       4,000      4,462
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/39       7,410      8,146
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%   1/1/40       4,400      4,344
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/40         660        713
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/41       1,000      1,075
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/42       1,000      1,069
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  5/15/43       3,565      3,815
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  5/15/44       5,000      5,332
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  5/15/45       5,000      5,320
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue (Boulder Community Health Project) 5.000%  10/1/28         800        844
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue (Boulder Community Health Project) 5.000%  10/1/29         700        748
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue (Boulder Community Health Project) 5.000%  10/1/30       1,400      1,513
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue (Boulder Community Health Project) 5.000%  10/1/31       1,000      1,075
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue (Boulder Community Health Project) 5.000%  10/1/32       1,000      1,070
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue (Boulder Community Health Project) 5.000%  10/1/33       1,195      1,275
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue (Boulder Community Health Project) 5.000%  10/1/34       1,100      1,169
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue (Boulder Community Health Project) 4.000%  10/1/35         800        801
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue (Boulder Community Health Project) 3.000%  10/1/36       2,000      1,791
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue (Frasier Project) 3.000%  5/15/30         375        354
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue (Frasier Project) 4.000%  5/15/31         675        667
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue (Frasier Project) 4.000%  5/15/32         700        690
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue (Frasier Project) 4.000%  5/15/33       1,345      1,324
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue (Frasier Project) 4.000%  5/15/34       1,400      1,377
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue (Frasier Project) 4.000%  5/15/35         790        774
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue (Frasier Project) 4.000%  5/15/41         750        695
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue (NCMC Inc. Project), Prere. 4.000%  5/15/26       5,145      5,210
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue (NCMC Inc. Project), Prere. 4.000%  5/15/26       8,500      8,608
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue (NCMC Inc. Project), Prere. 4.000%  5/15/26       5,410      5,479
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue (NCMC Inc. Project), Prere. 4.000%  5/15/26       5,500      5,570
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue PUT 5.000%   8/1/26       6,255      6,391
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue PUT 5.000%  8/17/26       6,590      6,774
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue PUT 5.000% 11/15/26      13,665     14,119
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue PUT 5.000%  8/15/28      22,785     24,158
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue PUT 5.000% 11/15/28       5,650      6,030
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue PUT 5.000% 11/15/29       4,100      4,418
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue PUT, Prere. 5.000% 11/19/26         925        957
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue, ETM 5.000%   6/1/27       1,025      1,071
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue, Prere. 5.000%   6/1/27       1,405      1,468
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue, Prere. 5.000%   6/1/27       1,605      1,677
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue, Prere. 5.000%   6/1/27       2,960      3,093
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue, Prere. 5.000%   6/1/27       3,015      3,150
  Colorado Housing & Finance Authority Local or Guaranteed Housing Revenue 4.480%   3/1/44       1,210      1,198
  Colorado Housing & Finance Authority Local or Guaranteed Housing Revenue 3.000%   5/1/50       6,300      6,208
  Colorado Housing & Finance Authority Local or Guaranteed Housing Revenue PUT 3.500%  11/1/26       1,400      1,403
  Colorado School of Mines College & University Revenue 5.000%  12/1/41       4,495      4,897
  Colorado School of Mines College & University Revenue 5.000%  12/1/43       4,450      4,790
  Colorado School of Mines College & University Revenue 5.000%  12/1/44       2,250      2,413
  Colorado Springs CO Utilities System Multiple Utility Revenue 4.000% 11/15/38       1,000      1,013
  Colorado Springs CO Utilities System Multiple Utility Revenue 5.000% 11/15/41       1,175      1,292
  Colorado Springs CO Utilities System Multiple Utility Revenue 5.000% 11/15/42       2,010      2,197
  Colorado Springs CO Utilities System Multiple Utility Revenue 5.000% 11/15/43       1,570      1,708
  Colorado Springs CO Utilities System Multiple Utility Revenue 5.000% 11/15/43       1,060      1,153
  Colorado Springs CO Utilities System Multiple Utility Revenue VRDO 2.150%   2/6/25       7,475      7,475
  Colorado Springs CO Utilities System Sewer Revenue 5.000% 11/15/42       3,000      3,106
1 Colorado Springs School District No. 11 Facilities Corp. COP 5.000% 12/15/32         550        615
1 Colorado Springs School District No. 11 Facilities Corp. COP 5.000% 12/15/33         450        507
1 Colorado Springs School District No. 11 Facilities Corp. COP 5.000% 12/15/41       1,760      1,927
1 Colorado Springs School District No. 11 Facilities Corp. COP 5.000% 12/15/42       1,000      1,086
1 Colorado Springs School District No. 11 Facilities Corp. COP 5.000% 12/15/43         850        918
1 Colorado Springs School District No. 11 Facilities Corp. COP 5.000% 12/15/44         675        724
  Denver City & County Board of Water Commissioners Water Revenue 5.000%  9/15/31       2,250      2,545
  Denver City & County Board of Water Commissioners Water Revenue 5.000%  9/15/32       2,000      2,289
  Denver City & County Board of Water Commissioners Water Revenue 3.000% 12/15/37       1,590      1,440
  Denver City & County Board of Water Commissioners Water Revenue 5.000%  9/15/41       2,385      2,681
  Denver City & County Housing Authority Local or Guaranteed Housing Revenue 4.500%   7/1/41       3,875      3,916
  Denver City & County School District No. 1 GO 5.000%  12/1/33      13,595     14,034
  Denver City & County School District No. 1 GO 5.000%  12/1/34      11,455     11,812
  Denver City & County School District No. 1 GO 5.000%  12/1/34       5,625      6,558
  Denver City & County School District No. 1 GO 5.000%  12/1/35      14,630     15,073
  Denver City & County School District No. 1 GO 5.000%  12/1/36      23,510     24,197
  Denver City & County School District No. 1 GO 5.250%  12/1/41       1,925      2,198
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Denver City & County School District No. 1 GO 5.250%  12/1/42      11,100     12,576
  Denver CO City & County (Colorado Convention Center Expansion Project) COP 5.000%   6/1/33         760        779
  Denver CO City & County (Colorado Convention Center Expansion Project) COP 5.000%   6/1/34       1,000      1,024
  Denver CO City & County (Colorado Convention Center Expansion Project) COP 5.000%   6/1/35       2,100      2,149
  Denver CO City & County (Colorado Convention Center Expansion Project) COP 5.000%   6/1/36       3,925      4,011
  Denver CO City & County (Colorado Convention Center Expansion Project) COP 5.000%   6/1/37       3,000      3,064
  Denver CO City & County (Colorado Convention Center Expansion Project) COP 5.000%   6/1/38       3,375      3,445
  Denver CO City & County Airport System Port, Airport & Marina Revenue 5.000%  12/1/27         750        793
  Denver CO City & County Airport System Port, Airport & Marina Revenue 5.000%  12/1/29         780        836
  Denver CO City & County Airport System Port, Airport & Marina Revenue 5.000%  12/1/30         965      1,030
  Denver CO City & County Airport System Port, Airport & Marina Revenue 5.000% 11/15/31       4,130      4,248
  Denver CO City & County Airport System Port, Airport & Marina Revenue 5.000%  12/1/31         845        898
  Denver CO City & County Airport System Port, Airport & Marina Revenue 5.000% 11/15/32       8,140      8,358
  Denver CO City & County Airport System Port, Airport & Marina Revenue 5.000%  12/1/32       1,175      1,247
  Denver CO City & County Airport System Port, Airport & Marina Revenue 5.000% 11/15/33       6,625      6,916
  Denver CO City & County Airport System Port, Airport & Marina Revenue 5.000% 11/15/33       7,250      7,829
  Denver CO City & County Airport System Port, Airport & Marina Revenue 5.000%  12/1/33         600        636
  Denver CO City & County Airport System Port, Airport & Marina Revenue 5.000% 11/15/34       6,750      7,274
  Denver CO City & County Airport System Port, Airport & Marina Revenue 5.000%  12/1/34       2,000      2,115
  Denver CO City & County Airport System Port, Airport & Marina Revenue 5.000% 11/15/35       7,125      7,659
  Denver CO City & County Airport System Port, Airport & Marina Revenue 4.000%  12/1/36       2,000      2,002
  Denver CO City & County Airport System Port, Airport & Marina Revenue 5.000%  12/1/36       4,725      4,977
  Denver CO City & County Airport System Port, Airport & Marina Revenue 5.000%  12/1/37       5,505      5,782
  Denver CO City & County Airport System Port, Airport & Marina Revenue 5.000%  12/1/38       5,985      6,271
  Denver CO City & County Airport System Port, Airport & Marina Revenue 5.000% 11/15/39       1,295      1,421
  Denver CO City & County Airport System Port, Airport & Marina Revenue 5.000% 11/15/40         575        627
  Denver CO City & County GO 5.000%   8/1/34      10,000     11,324
  Denver CO City & County GO 4.000%   8/1/42      14,000     14,023
  Denver CO City & County Pledged Excise Sales Tax Revenue 0.000%   8/1/30       1,000        813
  Denver CO City & County Pledged Excise Sales Tax Revenue 0.000%   8/1/31       1,000        778
  Denver CO City & County Pledged Excise Sales Tax Revenue 0.000%   8/1/32       1,050        782
  Denver CO City & County Pledged Excise Sales Tax Revenue 0.000%   8/1/33       2,230      1,592
  Denver CO City & County Pledged Excise Sales Tax Revenue 0.000%   8/1/34       2,285      1,559
  Denver CO City & County Pledged Excise Sales Tax Revenue 4.000%   8/1/35       1,000      1,035
  Denver CO City & County Pledged Excise Sales Tax Revenue 4.000%   8/1/39       4,775      4,832
  Denver Health & Hospital Authority Health, Hospital, Nursing Home Revenue 4.000%  12/1/39       1,000        944
  Denver Health & Hospital Authority Health, Hospital, Nursing Home Revenue 4.000%  12/1/40       1,250      1,169
  Dominion Water & Sanitation District Water Revenue 5.250%  12/1/32       3,420      3,527
  Douglas County School District No. Re-1 Douglas & Elbert Counties GO 5.000% 12/15/43       9,980     10,966
1 Dove Valley Metropolitan District GO 4.000%  12/1/29         600        621
1 Dove Valley Metropolitan District GO 4.000%  12/1/30         500        519
10 E-470 Public Highway Authority Highway Revenue 0.000%   9/1/29      24,125     20,668
10 E-470 Public Highway Authority Highway Revenue 0.000%   9/1/31       5,000      3,971
10 E-470 Public Highway Authority Highway Revenue 0.000%   9/1/32       9,950      7,582
  E-470 Public Highway Authority Highway Revenue 0.000%   9/1/40       2,610      1,349
  E-470 Public Highway Authority Highway Revenue 5.000%   9/1/40       3,040      3,373
  Eagle County School District No. Re50J GO 5.000%  12/1/32       4,615      4,783
  Eagle County School District No. Re50J GO 5.000%  12/1/33       7,475      7,740
  Eagle County School District No. Re50J GO 5.000%  12/1/34       6,000      6,206
  Eagle County School District No. Re50J GO 5.000%  12/1/35       3,335      3,446
  Eagle County School District No. Re50J GO 5.000%  12/1/36       1,400      1,445
  Eagle County School District No. Re50J GO 4.000%  12/1/41       2,730      2,722
  El Paso County School District No. 20 Academy GO 5.000% 12/15/34       2,015      2,081
  El Paso County School District No. 20 Academy GO 5.000% 12/15/35       1,775      1,831
  El Paso County School District No. 20 Academy GO 5.000% 12/15/36       2,000      2,061
  El Paso County School District No. 20 Academy GO 5.000% 12/15/37       2,000      2,059
  Elbert County Independence Water & Sanitation District Water Revenue 5.125%  12/1/33       1,895      1,849
  Garfield Pitkin & Eagle Counties School District No. Re-1 Roaring Fork GO, Prere. 4.000% 12/15/25       7,535      7,623
  Garfield Pitkin & Eagle Counties School District No. Re-1 Roaring Fork GO, Prere. 4.000% 12/15/25       7,075      7,157
  Greeley CO Stormwater Improvement Sewer Revenue 3.000%   8/1/41       1,010        879
  Greeley CO Stormwater Improvement Sewer Revenue 3.000%   8/1/42         885        757
  Greeley CO Water Revenue 3.000%   8/1/39       2,000      1,800
  Greeley CO Water Revenue 3.000%   8/1/42       2,135      1,816
  Gunnison Watershed School District No. Re 1J GO 5.000%  12/1/35         600        671
  Gunnison Watershed School District No. Re 1J GO 5.000%  12/1/36         550        613
  Gunnison Watershed School District No. Re 1J GO 5.000%  12/1/37         600        665
  Gunnison Watershed School District No. Re 1J GO 5.000%  12/1/39       1,600      1,753
  Gunnison Watershed School District No. Re 1J GO 5.000%  12/1/40       1,100      1,204
  Gunnison Watershed School District No. Re 1J GO 5.000%  12/1/41       1,200      1,307
8 Gypsum CO Sewer Revenue 5.000%  12/1/35       1,000      1,133
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
8 Gypsum CO Sewer Revenue 5.000%  12/1/36       1,000      1,129
8 Gypsum CO Sewer Revenue 5.000%  12/1/38       1,535      1,712
8 Gypsum CO Sewer Revenue 5.000%  12/1/40       1,000      1,108
3 Interlocken Metropolitan District GO 5.000%  12/1/26         500        517
3 Interlocken Metropolitan District GO 5.000%  12/1/26         200        207
3 Interlocken Metropolitan District GO 5.000%  12/1/27       1,585      1,665
3 Interlocken Metropolitan District GO 5.000%  12/1/28         760        810
  Jefferson County School District R-1 GO 4.000% 12/15/29       1,000      1,028
  Jefferson County School District R-1 GO 5.000% 12/15/35       1,330      1,412
  Jefferson County School District R-1 GO 5.000% 12/15/36      18,000     19,078
  Jefferson County School District R-1 GO 5.000% 12/15/37      24,580     25,959
3 Lakes at Centerra Metropolitan District No. 2 GO 4.000%  12/1/43       1,250      1,223
3 Lakes at Centerra Metropolitan District No. 2 GO 4.250% 12/15/44       1,615      1,632
  Larimer County CO (Jail Facilities Project) COP 4.000%  12/1/32       1,000      1,037
  Larimer County CO (Jail Facilities Project) COP 4.000%  12/1/34       2,740      2,824
  Larimer County School District No. R-1 Poudre GO 5.000% 12/15/28       2,235      2,413
  Larimer County School District No. R-1 Poudre GO 4.000% 12/15/33       2,510      2,584
  Larimer County School District No. R-1 Poudre GO 4.000% 12/15/35       3,340      3,417
  Larimer County School District No. R-1 Poudre GO 5.000% 12/15/40       1,350      1,412
  Larimer Weld & Boulder County School District R-2J Thompson GO 5.000% 12/15/37       1,750      1,843
  Larimer Weld & Boulder County School District R-2J Thompson GO 5.000% 12/15/38       1,050      1,103
  Mesa County CO Valley School District No. 51 Grand Junction GO 5.000%  12/1/29       2,030      2,145
  Mesa County CO Valley School District No. 51 Grand Junction GO 5.000%  12/1/30       1,810      1,911
  Mesa County School District No. 50 GO 4.000%  12/1/44       1,300      1,275
3 Midcities Metropolitan District No. 2 Ad Valorem Property Tax Revenue 4.000%  12/1/46       7,764      7,262
8 Mirabelle Metropolitan District No. 2 GO 4.375%  12/1/44       1,000        990
  Park Creek Metropolitan District Indirect Ad Valorem Property Revenue 5.000%  12/1/26       1,000      1,014
  Park Creek Metropolitan District Indirect Ad Valorem Property Revenue 5.000%  12/1/29       2,000      2,030
  Park Creek Metropolitan District Indirect Ad Valorem Property Revenue 5.000%  12/1/31       1,500      1,519
  Park Creek Metropolitan District Indirect Ad Valorem Property Revenue 5.000%  12/1/33       1,080      1,092
  Park Creek Metropolitan District Indirect Ad Valorem Property Revenue 5.000%  12/1/34       1,250      1,263
  Park Creek Metropolitan District Indirect Ad Valorem Property Revenue 5.000%  12/1/35       1,125      1,136
3 Park Creek Metropolitan District Tax Increment/Allocation Revenue 5.000%  12/1/26         315        325
3 Park Creek Metropolitan District Tax Increment/Allocation Revenue 5.000%  12/1/28         255        270
3 Park Creek Metropolitan District Tax Increment/Allocation Revenue 5.000%  12/1/35         350        383
3 Park Creek Metropolitan District Tax Increment/Allocation Revenue 5.000%  12/1/36         250        273
3 Park Creek Metropolitan District Tax Increment/Allocation Revenue 5.000%  12/1/38         620        670
4 Plaza Metropolitan District No. 1 Tax Increment/Allocation Revenue 4.500%  12/1/30       5,905      5,897
  Public Authority for Colorado Energy Natural Gas Revenue 6.250% 11/15/28       1,670      1,753
  Public Authority for Colorado Energy Natural Gas Revenue 6.500% 11/15/38      37,355     44,696
  Regional Transportation District COP 5.000%   6/1/26       1,500      1,544
  Regional Transportation District COP 5.000%   6/1/31       3,000      3,220
  Regional Transportation District COP 5.000%   6/1/32       5,000      5,599
  Regional Transportation District Sales Tax Revenue 5.000%  1/15/29       1,300      1,372
  Regional Transportation District Sales Tax Revenue 5.000%  7/15/29       1,000      1,061
  Regional Transportation District Sales Tax Revenue 5.000%  1/15/30         600        640
  Regional Transportation District Sales Tax Revenue 5.000%  7/15/30         500        536
  Regional Transportation District Sales Tax Revenue 5.000%  1/15/31         700        754
  Regional Transportation District Sales Tax Revenue 5.000%  7/15/31         550        592
  Regional Transportation District Sales Tax Revenue 5.000%  1/15/32         800        859
  Regional Transportation District Sales Tax Revenue 5.000%  7/15/32       1,800      1,931
  Regional Transportation District Sales Tax Revenue 4.000%  1/15/33       3,925      3,975
  Regional Transportation District Sales Tax Revenue 4.000%  7/15/33       1,000      1,015
  Regional Transportation District Sales Tax Revenue 4.000%  7/15/35       6,360      6,393
  Regional Transportation District Sales Tax Revenue 4.000%  7/15/36       3,000      3,010
  Regional Transportation District Sales Tax Revenue 3.000%  7/15/37       5,020      4,452
  Regional Transportation District Sales Tax Revenue 4.000%  7/15/39       3,000      2,938
3 Sand Creek Metropolitan District GO 4.000%  12/1/40       1,750      1,731
  Southlands Metropolitan District No. 1 GO 3.500%  12/1/27         400        394
  Southlands Metropolitan District No. 1 GO 5.000%  12/1/37       1,115      1,120
  Sterling Ranch Community Authority Board Ad Valorem Property Tax Revenue 3.375%  12/1/30         535        513
  Sterling Ranch Community Authority Board Ad Valorem Property Tax Revenue 6.125%  12/1/39         550        569
  Sterling Ranch Community Authority Board Ad Valorem Property Tax Revenue 3.750%  12/1/40       3,250      2,920
  Sterling Ranch Community Authority Board Ad Valorem Property Tax Revenue 6.500%  12/1/42       7,500      7,966
  Thornton CO COP 4.000%  12/1/35       3,940      3,995
  Thornton CO COP 4.000%  12/1/36       4,100      4,148
8 Trails at Crowfoot Metropolitan District No. 3 GO 5.000%  12/1/39       1,000      1,086
  University of Colorado College & University Revenue 5.000%   6/1/30       3,645      3,875
  University of Colorado College & University Revenue 3.000%   6/1/33       1,235      1,170
  University of Colorado College & University Revenue PUT 2.000% 10/15/25       1,640      1,623
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  University of Colorado College & University Revenue PUT 2.000% 10/15/26       1,980      1,929
  University of Colorado College & University Revenue, ETM 3.000%   6/1/33       1,765      1,738
  University of Colorado College & University Revenue, Prere. 4.000%   6/1/26       3,700      3,756
  University of Colorado College & University Revenue, Prere. 4.000%   6/1/28       5,160      5,327
  University of Colorado College & University Revenue, Prere. 4.000%   6/1/28       8,405      8,677
  University of Colorado College & University Revenue, Prere. 5.000%   6/1/28       1,450      1,543
  University of Colorado Hospital Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/29       8,560      9,291
  University of Colorado Hospital Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/31      11,210     12,447
3 Vauxmont Metropolitan District GO 5.000%  12/1/28         210        223
3 Vauxmont Metropolitan District GO 5.000%  12/1/29         210        226
3 Vauxmont Metropolitan District GO 5.000%  12/1/30         220        238
3 Vauxmont Metropolitan District GO 5.000%  12/1/31         230        248
3 Vauxmont Metropolitan District GO 5.000%  12/1/32         250        268
3 Vauxmont Metropolitan District GO 5.000%  12/1/33         255        273
3 Vauxmont Metropolitan District GO 5.000%  12/1/34         285        304
3 Vauxmont Metropolitan District GO 5.000%  12/1/35         100        106
  Village Metropolitan District GO 4.150%  12/1/30         755        753
  Village Metropolitan District GO 5.000%  12/1/40       1,950      1,973
  Weld County School District No. 6 Greeley GO 5.000%  12/1/37       1,340      1,428
  Weld County School District No. 6 Greeley GO 5.000%  12/1/40       6,100      6,418
  Weld County School District No. 6 Greeley GO 4.000%  12/1/41       1,370      1,363
  Weld County School District No. 6 Greeley GO 5.000%  12/1/44       2,000      2,086
  Weld County School District No. RE-4 GO 5.000%  12/1/37       1,600      1,780
  Weld County School District No. RE-4 GO 5.000%  12/1/38       1,770      1,959
  Weld County School District No. RE-4 GO 5.000%  12/1/39       2,700      2,964
  Weld County School District No. RE-4 GO 5.000%  12/1/40       3,300      3,604
3 Westminster Public Schools COP 4.000%  12/1/33       1,825      1,862
3 Westminster Public Schools COP 4.000%  12/1/34       1,070      1,089
3 Westminster Public Schools COP 5.000%  12/1/35         775        815
3 Westminster Public Schools COP 5.000%  12/1/36       1,210      1,269
  Windy Gap Firming Project Water Activity Enterprise Electric Power & Light Revenue (Windy Gap Firming Project) 4.000%  7/15/39       2,850      2,899
                                   1,277,190
Connecticut (1.1%)
1 Bridgeport CT GO 5.000%   7/1/32         775        870
1 Bridgeport CT GO 5.000%   7/1/33       2,000      2,260
1 Bridgeport CT GO 5.000%   7/1/34       1,500      1,708
  Connecticut GO 5.000%   9/1/25      18,445     18,689
  Connecticut GO 5.000%   8/1/27         670        706
  Connecticut GO 5.000%   8/1/28         745        799
  Connecticut GO 5.000%  8/15/28         550        566
  Connecticut GO 5.000%   8/1/29       1,150      1,254
  Connecticut GO 5.000%  9/15/30         770        854
  Connecticut GO 5.000%  9/15/31       1,000      1,123
  Connecticut GO 5.000% 11/15/31       3,945      4,440
  Connecticut GO 5.000% 11/15/32      11,245     12,793
  Connecticut GO 3.000%  1/15/33      12,000     11,528
  Connecticut GO 5.000% 10/15/33      12,000     12,313
  Connecticut GO 5.000% 11/15/33      10,135     11,628
  Connecticut GO 5.000% 11/15/33      11,645     13,360
  Connecticut GO 3.000%  1/15/34       2,000      1,900
  Connecticut GO 5.000%   5/1/34       2,000      2,301
  Connecticut GO 5.000%  6/15/34         350        393
  Connecticut GO 5.000% 11/15/34       7,300      8,433
  Connecticut GO 5.000% 11/15/34      11,155     12,886
  Connecticut GO 3.000%  1/15/35       9,815      9,230
  Connecticut GO 4.000%  3/15/35      27,500     27,556
  Connecticut GO 5.000%  4/15/35       1,000      1,030
  Connecticut GO 5.000%  6/15/35         350        392
  Connecticut GO 5.000% 11/15/35       5,000      5,051
  Connecticut GO 3.000%  1/15/36       8,800      8,182
  Connecticut GO 4.000%   6/1/36       4,000      4,116
  Connecticut GO 4.000%  6/15/36       1,055      1,066
  Connecticut GO 5.000%  6/15/36         350        390
  Connecticut GO 3.000%  1/15/37       6,955      6,393
1 Connecticut GO 4.000%  1/15/37       6,500      6,663
  Connecticut GO 4.000%  6/15/37         990        998
  Connecticut GO 5.000%  6/15/37         250        278
  Connecticut GO 3.000%  1/15/38      23,450     21,149
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Connecticut GO 5.000%  6/15/38         400        442
  Connecticut GO 3.000%  1/15/39      11,890     10,537
  Connecticut GO 3.000%   6/1/39       2,500      2,203
  Connecticut GO 4.000%   6/1/39       3,000      3,040
  Connecticut GO 5.000%  1/15/40       2,500      2,660
  Connecticut GO 5.000%  1/15/40       2,000      2,232
  Connecticut GO 5.000%   6/1/40         750        801
  Connecticut GO 5.000%  6/15/40         500        548
  Connecticut GO 5.000% 11/15/41       4,500      5,015
  Connecticut GO 5.000%  6/15/42         600        649
  Connecticut GO 3.000% 11/15/42       3,690      3,180
  Connecticut GO 3.000% 11/15/43       2,500      2,130
  Connecticut GO 5.000%  1/15/44       1,375      1,488
  Connecticut Housing Finance Authority Local or Guaranteed Housing Revenue 3.000% 11/15/49       1,895      1,852
  Connecticut Housing Finance Authority Local or Guaranteed Housing Revenue 3.000% 11/15/50       3,030      2,973
  Connecticut Housing Finance Authority Local or Guaranteed Housing Revenue 3.500% 11/15/51       1,755      1,736
  Connecticut Housing Finance Authority Local or Guaranteed Housing Revenue 6.000% 11/15/54       2,045      2,255
  Connecticut Housing Finance Authority Local or Guaranteed Housing Revenue VRDO 2.150%   2/6/25       3,500      3,500
  Connecticut Housing Finance Authority Local or Guaranteed Housing Revenue VRDO 2.150%   2/6/25       8,150      8,150
  Connecticut Housing Finance Authority Local or Guaranteed Housing Revenue VRDO 2.150%   2/6/25       3,850      3,850
  Connecticut Municipal Electric Energy Cooperative Electric Power & Light Revenue 5.000%   1/1/37         190        209
  Connecticut Special Tax Fuel Sales Tax Revenue 5.000%   7/1/29       7,565      8,236
  Connecticut Special Tax Fuel Sales Tax Revenue 5.000%   7/1/29       3,435      3,740
  Connecticut Special Tax Fuel Sales Tax Revenue 5.000%   7/1/29       6,520      7,098
  Connecticut Special Tax Fuel Sales Tax Revenue 5.000%   1/1/31      21,540     22,738
  Connecticut Special Tax Fuel Sales Tax Revenue 5.000%   1/1/33      15,000     15,763
  Connecticut Special Tax Fuel Sales Tax Revenue 5.000%   7/1/34       1,750      1,978
  Connecticut Special Tax Fuel Sales Tax Revenue 5.000%  10/1/34      18,005     19,051
  Connecticut Special Tax Fuel Sales Tax Revenue 5.000%   5/1/35       1,305      1,420
  Connecticut Special Tax Fuel Sales Tax Revenue 5.000%   7/1/35       3,000      3,379
  Connecticut Special Tax Fuel Sales Tax Revenue 5.000%   7/1/35       4,000      4,615
  Connecticut Special Tax Fuel Sales Tax Revenue 5.000%   8/1/35       1,900      1,913
  Connecticut Special Tax Fuel Sales Tax Revenue 5.000%   1/1/36      10,000     10,418
  Connecticut Special Tax Fuel Sales Tax Revenue 5.000%  10/1/36       5,000      5,252
  Connecticut Special Tax Fuel Sales Tax Revenue 5.000%   5/1/37       7,200      7,789
  Connecticut Special Tax Fuel Sales Tax Revenue 5.000%   7/1/37       7,400      8,351
  Connecticut Special Tax Fuel Sales Tax Revenue 5.000%   7/1/38       3,670      4,118
  Connecticut Special Tax Fuel Sales Tax Revenue 5.000%   7/1/38       8,250      9,353
  Connecticut Special Tax Fuel Sales Tax Revenue 4.000%   5/1/39       1,760      1,788
  Connecticut Special Tax Fuel Sales Tax Revenue 5.000%   7/1/39       1,500      1,658
  Connecticut Special Tax Fuel Sales Tax Revenue 5.000%   7/1/39       4,935      5,509
  Connecticut Special Tax Fuel Sales Tax Revenue 5.000%   5/1/40       2,000      2,139
  Connecticut Special Tax Fuel Sales Tax Revenue 5.000%   7/1/40       6,300      7,078
  Connecticut Special Tax Fuel Sales Tax Revenue 5.000%   7/1/41      18,365     20,441
  Connecticut Special Tax Fuel Sales Tax Revenue 5.000%   7/1/42      11,080     12,227
  Connecticut Special Tax Fuel Sales Tax Revenue 5.000%   7/1/44       9,330     10,150
  Connecticut Special Tax Fuel Sales Tax Revenue 5.000%   7/1/45       3,515      3,815
  Connecticut State Health & Educational Facilities Authority College & University Revenue 5.000%   7/1/26       1,140      1,153
  Connecticut State Health & Educational Facilities Authority College & University Revenue 5.000%   7/1/27       1,150      1,179
  Connecticut State Health & Educational Facilities Authority College & University Revenue 5.000%   7/1/27         430        433
  Connecticut State Health & Educational Facilities Authority College & University Revenue 5.000%   7/1/28       1,125      1,162
  Connecticut State Health & Educational Facilities Authority College & University Revenue 5.000%   7/1/28         530        534
  Connecticut State Health & Educational Facilities Authority College & University Revenue 5.000%   7/1/28       1,025      1,090
  Connecticut State Health & Educational Facilities Authority College & University Revenue 5.000%   7/1/29       1,500      1,546
  Connecticut State Health & Educational Facilities Authority College & University Revenue 5.000%   7/1/29         485        489
  Connecticut State Health & Educational Facilities Authority College & University Revenue 5.000%  11/1/29       1,905      2,077
  Connecticut State Health & Educational Facilities Authority College & University Revenue 5.000%   7/1/30       2,470      2,542
  Connecticut State Health & Educational Facilities Authority College & University Revenue 5.000%   7/1/30         875        879
  Connecticut State Health & Educational Facilities Authority College & University Revenue 5.000%   7/1/32         560        558
  Connecticut State Health & Educational Facilities Authority College & University Revenue 5.000%   7/1/33         470        466
  Connecticut State Health & Educational Facilities Authority College & University Revenue 5.000%   7/1/34         455        448
  Connecticut State Health & Educational Facilities Authority College & University Revenue 5.000%   7/1/35      30,000     35,280
  Connecticut State Health & Educational Facilities Authority College & University Revenue PUT 1.100%  2/11/25      16,875     16,864
  Connecticut State Health & Educational Facilities Authority College & University Revenue PUT 1.100%  2/11/25      16,390     16,379
  Connecticut State Health & Educational Facilities Authority College & University Revenue PUT 2.800%   2/3/26      12,235     12,188
  Connecticut State Health & Educational Facilities Authority College & University Revenue PUT 2.800%  2/10/26       3,665      3,651
  Connecticut State Health & Educational Facilities Authority College & University Revenue PUT 2.000%   7/1/26      30,620     30,121
  Connecticut State Health & Educational Facilities Authority College & University Revenue VRDO 2.050%   2/6/25       1,650      1,650
  Connecticut State Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/27       9,000      9,295
  Connecticut State Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/27       1,000      1,016
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Connecticut State Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/28       5,250      5,467
  Connecticut State Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%   7/1/29       1,570      1,605
  Connecticut State Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/29       4,030      4,236
  Connecticut State Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/29      20,000     21,439
  Connecticut State Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/30      10,150     10,618
  Connecticut State Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/30      10,000     10,838
  Connecticut State Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/31       1,600      1,775
  Connecticut State Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/32       7,900      8,250
  Connecticut State Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/32       1,500      1,682
  Connecticut State Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/33       1,500      1,696
  Connecticut State Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/33       1,000      1,014
  Connecticut State Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/34       1,000      1,138
  Connecticut State Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/34       1,055      1,068
  Connecticut State Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%   7/1/35         500        501
  Connecticut State Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%   7/1/35       2,850      2,873
  Connecticut State Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/35       1,000      1,010
  Connecticut State Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%   7/1/36       5,200      5,223
  Connecticut State Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/36       1,235      1,244
  Connecticut State Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 3.000%   7/1/37      15,170     12,480
  Connecticut State Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%   7/1/37       1,500      1,518
  Connecticut State Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/37       1,605      1,613
  Connecticut State Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%   7/1/38       4,730      4,744
  Connecticut State Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%   7/1/38       4,500      4,452
  Connecticut State Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%   7/1/39       3,500      3,461
  Connecticut State Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%   7/1/40       4,250      4,091
  Connecticut State Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%   7/1/42       1,000        949
  Connecticut State Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue (Hartford Healthcare Project) 4.000%   7/1/40       2,275      2,188
  Connecticut State Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue (Hartford Healthcare Project) 3.000%   7/1/41       4,060      3,247
  Connecticut State Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue PUT 5.000%   7/1/29       7,390      7,934
  Connecticut State Health & Educational Facilities Authority Local or Guaranteed Housing Revenue 5.000%   7/1/32         750        808
  Connecticut State Health & Educational Facilities Authority Local or Guaranteed Housing Revenue 5.000%   7/1/33         650        698
  Connecticut State Health & Educational Facilities Authority Local or Guaranteed Housing Revenue 5.000%   7/1/34         750        803
  Connecticut State Health & Educational Facilities Authority Local or Guaranteed Housing Revenue 5.000%   7/1/35         575        613
  Connecticut State Health & Educational Facilities Authority Local or Guaranteed Housing Revenue 5.000%   7/1/36       1,340      1,423
  Connecticut State Health & Educational Facilities Authority Local or Guaranteed Housing Revenue 5.000%   7/1/37       1,125      1,189
  Connecticut State Health & Educational Facilities Authority Local or Guaranteed Housing Revenue 5.000%   7/1/38       1,820      1,915
  Connecticut State Health & Educational Facilities Authority Local or Guaranteed Housing Revenue 5.000%   7/1/39       2,000      2,097
  Connecticut State Health & Educational Facilities Authority Local or Guaranteed Housing Revenue 5.000%   7/1/40       1,110      1,160
  Connecticut Transmission Municipal Electric Energy Cooperative Electric Power & Light Revenue 5.000%   1/1/36         405        444
  Connecticut Transmission Municipal Electric Energy Cooperative Electric Power & Light Revenue 5.000%   1/1/39         670        720
  Connecticut Transmission Municipal Electric Energy Cooperative Electric Power & Light Revenue 5.000%   1/1/42       3,660      3,869
  Hamden CT Health, Hospital, Nursing Home Revenue (Whitney Center Project) 5.000%   1/1/40       2,000      1,978
4 Harbor Point Infrastructure Improvement District Tax Increment/Allocation Revenue (Harbor Point Project) 5.000%   4/1/30       9,495      9,632
  Metropolitan District GO 5.000%  7/15/26       1,000      1,035
  Metropolitan District GO 5.000%  7/15/27       1,640      1,729
  Metropolitan District GO 5.000%  7/15/29       1,845      1,978
  Metropolitan District GO 5.000%  7/15/30       1,360      1,455
  Metropolitan District GO 5.000%  7/15/31       1,520      1,622
  Metropolitan District GO 5.000%  7/15/32       1,765      1,876
  Metropolitan District GO 5.000%  7/15/33       1,325      1,434
  Metropolitan District GO 5.000%  7/15/33       1,000      1,082
  Metropolitan District GO 5.000%  7/15/34       1,425      1,537
  Metropolitan District GO 5.000%  7/15/34       1,000      1,079
  Metropolitan District GO 4.000%  7/15/35       1,880      1,928
  Metropolitan District GO 4.000%  7/15/36       1,425      1,457
  Metropolitan District GO 4.000%  7/15/36       1,200      1,227
  Metropolitan District GO 4.000%  7/15/37       2,030      2,068
  Metropolitan District GO 4.000%   9/1/38       4,185      4,254
  Metropolitan District GO 4.000%  7/15/39         500        504
  New Canaan Housing Authority Local or Guaranteed Housing Revenue 4.000%  12/1/34       7,370      7,348
4 New Canaan Housing Authority Local or Guaranteed Housing Revenue 6.000%   6/1/35      15,075     15,075
1 New Haven CT GO 5.000%   8/1/29         500        541
8 New Haven CT GO 5.000%   8/1/29       4,375      4,733
1 New Haven CT GO 5.000%   8/1/30         500        548
8 New Haven CT GO 5.000%   8/1/30       4,500      4,934
8 New Haven CT GO 5.000%   8/1/31       3,250      3,603
8 New Haven CT GO 5.000%   8/1/32       2,500      2,798
8 New Haven CT GO 5.000%   8/1/33       2,680      3,026
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
1 New Haven CT GO 5.000%   8/1/36       1,000      1,115
1 New Haven CT GO 5.000%   8/1/38       1,000      1,096
  Norwalk CT GO 4.000%  8/15/40         955        981
  Norwalk Housing Authority Revenue 4.400%   9/1/42       2,885      2,868
1 Stratford CT GO 4.000%   1/1/35       3,890      3,927
1 Stratford CT GO 4.000%   1/1/36       3,890      3,920
  University of Connecticut College & University Revenue 5.000%  11/1/26       1,000      1,038
  University of Connecticut College & University Revenue 5.000%  11/1/26       2,830      2,939
  University of Connecticut College & University Revenue 5.000%  8/15/27       1,530      1,612
  University of Connecticut College & University Revenue 5.000%  8/15/27       1,785      1,881
  University of Connecticut College & University Revenue 5.000%  11/1/27       1,350      1,428
  University of Connecticut College & University Revenue 5.000%  11/1/27       3,150      3,333
  University of Connecticut College & University Revenue 5.000%  8/15/28       1,850      1,984
  University of Connecticut College & University Revenue 5.000%  11/1/28       1,250      1,346
  University of Connecticut College & University Revenue 5.000%  3/15/29       3,010      3,081
  University of Connecticut College & University Revenue 5.000%  8/15/29       1,800      1,962
  University of Connecticut College & University Revenue 5.000%  2/15/32       2,900      2,904
  University of Connecticut College & University Revenue 5.000%  2/15/33       6,325      6,334
  University of Connecticut College & University Revenue 5.000%  8/15/39         675        755
  University of Connecticut College & University Revenue 5.000%  8/15/40         925      1,030
                                     883,873
Delaware (0.2%)
4 Affordable Housing Opportunities Trust Revenue 3.528%   5/1/39      47,267     38,467
  Delaware GO 5.000%   5/1/25      10,000     10,056
  Delaware GO 5.000%   1/1/26       2,000      2,041
  Delaware GO 4.000%   5/1/42      12,000     12,037
  Delaware Municipal Electric Corp. Electric Power & Light Revenue (Beasley Power Station Project) 4.000%   7/1/35         310        318
  Delaware Municipal Electric Corp. Electric Power & Light Revenue (Beasley Power Station Project) 4.000%   7/1/36         340        346
  Delaware River & Bay Authority Highway Revenue 3.000%   1/1/36       6,000      5,506
  Delaware River & Bay Authority Highway Revenue 3.000%   1/1/37       4,090      3,669
  Delaware River & Bay Authority Highway Revenue 3.000%   1/1/38       8,000      7,008
  Delaware State Economic Development Authority Electric Power & Light Revenue (NRG Energy Project) PUT 1.250%  10/1/25      11,250     11,042
  Delaware State Economic Development Authority Electric Power & Light Revenue (NRG Energy Project) PUT 1.250%  10/1/25       3,980      3,906
  Delaware State Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/28       1,100      1,137
  Delaware State Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/29       1,215      1,260
  Delaware State Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/31       1,200      1,242
  Delaware State Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/32       2,130      2,200
  Delaware State Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/34       6,360      6,814
  Delaware State Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/35       1,350      1,440
  Delaware State Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/37       8,135      8,593
  Delaware Transportation Authority Appropriations Revenue 5.000%   9/1/35       1,500      1,628
  Delaware Transportation Authority Fuel Sales Tax Revenue 5.000%   7/1/27       4,975      5,243
4,5 Deutsche Bank Spears/Lifers Trust Revenue TOB VRDO 2.200%   2/3/25      19,555     19,555
14 Freddie Mac Pool 4.170%   5/1/37       5,406      5,230
  University of Delaware College & University Revenue 5.000%  11/1/36       2,345      2,490
  University of Delaware College & University Revenue 5.000%  11/1/38         535        617
  University of Delaware College & University Revenue 5.000%  11/1/39         850        980
  University of Delaware College & University Revenue 5.000%  11/1/40         510        588
  University of Delaware College & University Revenue 5.000%  11/1/42       1,335      1,524
                                     154,937
District of Columbia (1.0%)
  District of Columbia Appropriations Revenue 5.000%  12/1/33       1,000      1,078
  District of Columbia Charter School Aid Revenue 3.000%   6/1/30         960        907
  District of Columbia Charter School Aid Revenue 4.000%   6/1/30         870        854
  District of Columbia Charter School Aid Revenue 5.000%   6/1/34         325        332
  District of Columbia Charter School Aid Revenue 5.000%   6/1/40       2,240      2,242
  District of Columbia Charter School Aid Revenue 5.625%   6/1/44         500        516
  District of Columbia College & University Revenue 5.000%   4/1/30         250        267
  District of Columbia College & University Revenue 5.000%   4/1/31         250        270
  District of Columbia College & University Revenue 4.000%   4/1/32         250        253
  District of Columbia College & University Revenue 4.000%   4/1/33         280        283
  District of Columbia College & University Revenue 4.000%   4/1/34         300        303
  District of Columbia College & University Revenue 4.000%   4/1/35         300        301
  District of Columbia College & University Revenue 4.000%   4/1/36         350        351
  District of Columbia College & University Revenue 3.000%   4/1/37       1,090        975
  District of Columbia College & University Revenue 3.000%   4/1/38       1,815      1,595
  District of Columbia College & University Revenue 3.000%   4/1/40         635        533
  District of Columbia College & University Revenue 3.000%   4/1/41         295        242
  District of Columbia GO 5.000%   6/1/26       3,130      3,222
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  District of Columbia GO 5.000%   6/1/27       5,615      5,904
  District of Columbia GO 5.000%   6/1/28       2,175      2,282
  District of Columbia GO 5.000%   6/1/29       1,065      1,115
  District of Columbia GO 5.000%  12/1/31      10,320     11,661
  District of Columbia GO 5.000% 10/15/32       6,500      6,998
  District of Columbia GO 5.000%  12/1/32      14,000     15,999
  District of Columbia GO 4.000%   6/1/33       7,020      7,145
  District of Columbia GO 5.000%  12/1/33      13,625     15,731
  District of Columbia GO 5.000%   6/1/34       5,115      5,318
  District of Columbia GO 5.000%   6/1/35      18,355     19,056
  District of Columbia GO 5.000%   6/1/35       2,070      2,149
  District of Columbia GO 5.000% 10/15/35      15,000     16,047
  District of Columbia GO 5.000%  12/1/35       4,620      5,417
  District of Columbia GO 4.000%   2/1/36       2,600      2,690
  District of Columbia GO 4.000%   2/1/36         900        931
  District of Columbia GO 5.000%   6/1/36       4,540      4,667
  District of Columbia GO 5.000%   6/1/36      17,555     18,194
  District of Columbia GO 5.000%   6/1/36      11,250     11,660
  District of Columbia GO 5.000%   6/1/37      10,395     10,750
  District of Columbia GO 5.000% 10/15/37      17,475     18,586
  District of Columbia GO 5.000%   6/1/38      11,045     11,398
  District of Columbia GO 5.000%   6/1/38      11,485     12,016
  District of Columbia GO 5.000% 10/15/38      16,125     17,082
  District of Columbia GO 5.000%   1/1/39       3,000      3,343
  District of Columbia GO 4.000%   2/1/39       5,000      5,102
  District of Columbia GO 5.000%   1/1/40       4,660      5,151
  District of Columbia GO 5.000%   8/1/40       1,130      1,271
  District of Columbia GO 5.000%   6/1/41      12,620     12,829
  District of Columbia GO 5.000%   8/1/41       5,000      5,563
  District of Columbia GO 5.000%   8/1/41       2,225      2,475
  District of Columbia GO 5.000%   8/1/42       6,700      7,387
  District of Columbia GO 5.000%   6/1/43       5,055      5,226
  District of Columbia GO 5.000%   8/1/43       8,425      9,210
  District of Columbia GO 5.000%   8/1/44      13,755     14,957
  District of Columbia Health, Hospital, Nursing Home Revenue 5.000%  7/15/25       2,325      2,347
  District of Columbia Housing Finance Agency Local or Guaranteed Housing Revenue 4.800%   6/1/45       2,940      2,993
  District of Columbia Housing Finance Agency Local or Guaranteed Housing Revenue (Paxton Project) PUT 4.000%   9/1/25       1,170      1,171
4 District of Columbia Housing Finance Agency Revenue TOB VRDO 2.200%   2/3/25      26,550     26,550
  District of Columbia Income Tax Revenue 5.000%  12/1/28       2,310      2,497
  District of Columbia Income Tax Revenue 5.000%  12/1/29       2,885      3,172
  District of Columbia Income Tax Revenue 5.000%  10/1/30      22,885     25,463
  District of Columbia Income Tax Revenue 5.000%  12/1/30       4,110      4,585
  District of Columbia Income Tax Revenue 5.000%  12/1/31       5,000      5,650
  District of Columbia Income Tax Revenue 5.000%   3/1/33       7,020      7,595
  District of Columbia Income Tax Revenue 5.000%  10/1/34      12,960     13,991
  District of Columbia Income Tax Revenue 5.000%  10/1/34      16,570     19,230
  District of Columbia Income Tax Revenue 5.000%  12/1/34      14,550     16,486
  District of Columbia Income Tax Revenue 5.000%  12/1/35      15,000     16,934
  District of Columbia Income Tax Revenue 5.000%  10/1/36       9,390     10,804
  District of Columbia Income Tax Revenue 5.000%  10/1/37       3,075      3,517
  District of Columbia Income Tax Revenue 5.000%  12/1/37       8,500      9,510
  District of Columbia Income Tax Revenue 3.000%   3/1/38      23,295     21,082
  District of Columbia Income Tax Revenue 4.000%   3/1/39       1,005      1,005
  District of Columbia Income Tax Revenue 4.000%   5/1/39       1,400      1,418
  District of Columbia Income Tax Revenue 5.000%   5/1/39       3,500      3,898
  District of Columbia Income Tax Revenue 4.000%   5/1/40         740        746
  District of Columbia Income Tax Revenue 5.000%   5/1/40       3,975      4,401
  District of Columbia Income Tax Revenue 5.000%   7/1/40      19,685     21,604
  District of Columbia Income Tax Revenue 5.000%   5/1/41       4,400      4,836
  District of Columbia Income Tax Revenue 5.000%   7/1/41       1,920      2,093
  District of Columbia Income Tax Revenue 5.000%   5/1/42       4,320      4,713
  District of Columbia Income Tax Revenue 5.000%   7/1/42       1,345      1,456
  District of Columbia Income Tax Revenue 5.000%   3/1/44       6,485      6,769
  District of Columbia Income Tax Revenue 5.000%   5/1/45       2,000      2,091
  District of Columbia Telecom Revenue, ETM 5.000%   4/1/25       4,170      4,185
  District of Columbia Telecom Revenue, ETM 5.000%   4/1/26       3,985      4,089
  District of Columbia Telecom Revenue, Prere. 5.000%   4/1/26       2,200      2,258
  District of Columbia Water & Sewer Authority Water Revenue 4.000%  10/1/36       1,035      1,073
  District of Columbia Water & Sewer Authority Water Revenue 5.000%  10/1/39       8,985      9,125
  District of Columbia Water & Sewer Authority Water Revenue 5.000%  10/1/41      10,000     11,159
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  District of Columbia Water & Sewer Authority Water Revenue 5.000%  10/1/42      13,000     14,407
  District of Columbia Water & Sewer Authority Water Revenue 5.000%  10/1/44       2,270      2,368
  District of Columbia Water & Sewer Authority Water Revenue 5.000%  10/1/47       1,000      1,061
  District of Columbia Water & Sewer Authority Water Revenue PUT 3.000%  10/1/27      10,000      9,954
  Metropolitan Washington Airports Authority Aviation Port, Airport & Marina Revenue 5.000%  10/1/33       2,100      2,302
  Metropolitan Washington Airports Authority Aviation Port, Airport & Marina Revenue 5.000%  10/1/34       2,005      2,193
  Metropolitan Washington Airports Authority Aviation Port, Airport & Marina Revenue 4.000%  10/1/35       1,720      1,770
  Metropolitan Washington Airports Authority Aviation Port, Airport & Marina Revenue 4.000%  10/1/36       1,195      1,226
  Metropolitan Washington Airports Authority Dulles Toll Road Highway Revenue 5.000%  10/1/31       1,000      1,067
  Metropolitan Washington Airports Authority Dulles Toll Road Highway Revenue 5.000%  10/1/32         600        638
  Metropolitan Washington Airports Authority Dulles Toll Road Highway Revenue 5.000%  10/1/33       3,500      3,686
  Metropolitan Washington Airports Authority Dulles Toll Road Highway Revenue 5.000%  10/1/34       2,000      2,117
  Metropolitan Washington Airports Authority Dulles Toll Road Highway Revenue 5.000%  10/1/34       3,400      3,573
  Metropolitan Washington Airports Authority Dulles Toll Road Highway Revenue 4.000%  10/1/35       1,500      1,504
  Metropolitan Washington Airports Authority Dulles Toll Road Highway Revenue 5.000%  10/1/35       2,000      2,109
8 Metropolitan Washington Airports Authority Dulles Toll Road Highway Revenue 0.000%  10/1/36       2,000      1,278
  Metropolitan Washington Airports Authority Dulles Toll Road Highway Revenue 4.000%  10/1/36       2,000      1,999
  Metropolitan Washington Airports Authority Dulles Toll Road Highway Revenue 5.000%  10/1/36       2,020      2,123
  Metropolitan Washington Airports Authority Dulles Toll Road Highway Revenue 0.000%  10/1/37      45,700     25,072
1 Metropolitan Washington Airports Authority Dulles Toll Road Highway Revenue 0.000%  10/1/37      12,000      6,691
1 Metropolitan Washington Airports Authority Dulles Toll Road Highway Revenue 0.000%  10/1/37       1,850      1,123
  Metropolitan Washington Airports Authority Dulles Toll Road Highway Revenue 0.000%  10/1/37       1,000        592
3 Metropolitan Washington Airports Authority Dulles Toll Road Highway Revenue 0.000%  10/1/37      10,255      5,718
  Metropolitan Washington Airports Authority Dulles Toll Road Highway Revenue 4.000%  10/1/37       3,500      3,471
  Metropolitan Washington Airports Authority Dulles Toll Road Highway Revenue 5.000%  10/1/37       2,050      2,147
  Metropolitan Washington Airports Authority Dulles Toll Road Highway Revenue 4.000%  10/1/38       1,000        986
  Metropolitan Washington Airports Authority Dulles Toll Road Highway Revenue 5.000%  10/1/38       2,000      2,092
1 Metropolitan Washington Airports Authority Dulles Toll Road Highway Revenue 0.000%  10/1/39       2,760      1,501
  Metropolitan Washington Airports Authority Dulles Toll Road Highway Revenue 5.000%  10/1/39       1,695      1,767
  Washington Convention & Sports Authority Miscellaneous Taxes Revenue 5.000%  10/1/25       2,000      2,028
  Washington Convention & Sports Authority Miscellaneous Taxes Revenue 5.000%  10/1/26       6,510      6,733
  Washington Convention & Sports Authority Miscellaneous Taxes Revenue 5.000%  10/1/27       6,350      6,686
  Washington Convention & Sports Authority Miscellaneous Taxes Revenue 5.000%  10/1/28       5,440      5,715
  Washington Convention & Sports Authority Miscellaneous Taxes Revenue 5.000%  10/1/29       7,450      7,804
  Washington Convention & Sports Authority Miscellaneous Taxes Revenue 4.000%  10/1/34       1,000      1,024
  Washington Convention & Sports Authority Miscellaneous Taxes Revenue 4.000%  10/1/35       1,010      1,030
  Washington Convention & Sports Authority Miscellaneous Taxes Revenue 4.000%  10/1/36       1,000      1,013
  Washington Convention & Sports Authority Miscellaneous Taxes Revenue 4.000%  10/1/38         500        500
  Washington Convention & Sports Authority Tax Increment/Allocation Revenue 4.000%  10/1/33       2,500      2,575
  Washington Convention & Sports Authority Tax Increment/Allocation Revenue 4.000%  10/1/34       2,000      2,048
  Washington Convention & Sports Authority Tax Increment/Allocation Revenue 4.000%  10/1/35       3,040      3,100
  Washington Convention & Sports Authority Tax Increment/Allocation Revenue 4.000%  10/1/36       1,500      1,520
  Washington Convention & Sports Authority Tax Increment/Allocation Revenue 4.000%  10/1/37         750        755
  Washington Convention & Sports Authority Tax Increment/Allocation Revenue 4.000%  10/1/38       1,995      1,996
  Washington Convention & Sports Authority Tax Increment/Allocation Revenue 4.000%  10/1/39       1,240      1,227
  Washington Metropolitan Area Transit Authority Dedicated Appropriations Revenue 5.000%  7/15/27         650        685
  Washington Metropolitan Area Transit Authority Dedicated Appropriations Revenue 5.000%  7/15/28         645        692
  Washington Metropolitan Area Transit Authority Dedicated Appropriations Revenue 5.000%  7/15/29       1,920      2,092
  Washington Metropolitan Area Transit Authority Dedicated Appropriations Revenue 3.000%  7/15/36       4,000      3,664
  Washington Metropolitan Area Transit Authority Dedicated Appropriations Revenue 5.000%  7/15/38       1,500      1,663
  Washington Metropolitan Area Transit Authority Dedicated Appropriations Revenue 5.000%  7/15/38       3,000      3,326
  Washington Metropolitan Area Transit Authority Dedicated Appropriations Revenue 5.000%  7/15/39       1,360      1,494
  Washington Metropolitan Area Transit Authority Dedicated Appropriations Revenue 3.000%  7/15/40       5,650      4,813
  Washington Metropolitan Area Transit Authority Dedicated Appropriations Revenue 5.000%  7/15/40       1,425      1,557
  Washington Metropolitan Area Transit Authority Dedicated Appropriations Revenue 5.000%  7/15/40       3,670      4,010
  Washington Metropolitan Area Transit Authority Dedicated Appropriations Revenue 5.000%  7/15/43      10,200     10,978
  Washington Metropolitan Area Transit Authority Dedicated Appropriations Revenue 5.000%  7/15/43       4,700      5,058
  Washington Metropolitan Area Transit Authority Dedicated Appropriations Revenue 5.000%  7/15/44      14,060     15,070
  Washington Metropolitan Area Transit Authority Dedicated Appropriations Revenue 5.000%  7/15/45       6,185      6,607
                                     804,328
Florida (4.6%)
  Alachua County Health Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%  10/1/25         105        105
  Alachua County Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/25       1,000      1,001
  Alachua County Health Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%  10/1/26         640        637
  Alachua County Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/26       1,350      1,352
  Alachua County Health Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%  10/1/27         945        939
  Alachua County Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/27       1,325      1,328
  Alachua County Health Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%  10/1/28         155        154
  Alachua County Health Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%  10/1/29         580        575
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Alachua County Health Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%  10/1/30       1,160      1,148
  Alachua County Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/34      22,010     22,061
  Alachua County Health Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%  10/1/40         500        457
  Alachua County Health Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%  10/1/40       3,620      3,309
  Alachua County Health Facilities Authority Health, Hospital, Nursing Home Revenue 3.000%  12/1/46       1,790      1,351
3 Alachua County School Board COP 5.000%   7/1/30       4,150      4,560
  Bay County School Board COP 5.500%   7/1/42       1,600      1,739
  Brevard County Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/30         675        730
  Brevard County Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/32       1,480      1,635
  Brevard County Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/33       1,560      1,736
  Brevard County Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/37       1,635      1,802
  Brevard County Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/37       8,830      9,824
  Brevard County Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/38       1,715      1,879
  Brevard County Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/38       4,000      4,422
  Brevard County Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/39         830        902
  Brevard County Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/40       4,970      5,332
  Brevard County Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/41       6,065      6,472
  Broward County FL Airport System Port, Airport & Marina Revenue 5.000%  10/1/25       2,000      2,003
  Broward County FL Convention Center Hotel Economic Development Revenue 5.000%   1/1/36       9,900     10,833
  Broward County FL Convention Center Hotel Economic Development Revenue 5.000%   1/1/37      10,390     11,319
  Broward County FL Convention Center Hotel Economic Development Revenue 5.000%   1/1/38       7,500      8,116
  Broward County FL Convention Center Hotel Economic Development Revenue 5.000%   1/1/39      11,400     12,287
  Broward County FL Half-Cent Sales Tax Revenue 3.000%  10/1/37       4,440      3,933
  Broward County FL Half-Cent Sales Tax Revenue 3.000%  10/1/39       2,000      1,709
  Broward County FL School District COP 5.000%   7/1/35       5,000      5,573
  Broward County FL School District COP 5.000%   7/1/36      12,795     14,220
  Broward County FL School District GO 5.000%   7/1/33       5,605      5,919
  Broward County FL Water & Sewer Utility Water Revenue 4.000%  10/1/39         750        762
  Broward County Housing Finance Authority Local or Guaranteed Housing Revenue PUT 3.500%   4/1/26       1,000      1,000
1 Cape Coral FL Water & Sewer Special Assessment Revenue 5.000%   3/1/35       1,985      2,135
1 Cape Coral FL Water & Sewer Special Assessment Revenue 5.150%   3/1/36       2,090      2,261
  Cape Coral FL Water & Sewer Water Revenue 5.000%  10/1/27       1,285      1,348
  Cape Coral FL Water & Sewer Water Revenue 5.000%  10/1/29       1,100      1,154
  Cape Coral FL Water & Sewer Water Revenue 4.000%  10/1/35       1,500      1,513
  Cape Coral FL Water & Sewer Water Revenue 4.000%  10/1/36       1,400      1,410
  Cape Coral FL Water & Sewer Water Revenue 4.000%  10/1/37       4,000      4,016
  Capital FL Projects Finance Authority College & University Revenue (Florida University Project) 5.000%  10/1/25         750        757
  Capital FL Projects Finance Authority College & University Revenue (Florida University Project) 5.000%  10/1/28       3,550      3,698
  Capital FL Projects Finance Authority College & University Revenue (Florida University Project) 5.000%  10/1/29       3,000      3,151
  Capital FL Projects Finance Authority College & University Revenue (Florida University Project) 5.000%  10/1/30       2,000      2,117
  Capital FL Projects Finance Authority College & University Revenue (Florida University Project) 5.000%  10/1/31       4,010      4,228
  Capital FL Projects Finance Authority College & University Revenue (Florida University Project) 5.000%  10/1/32       1,000      1,050
  Capital FL Projects Finance Authority College & University Revenue (Florida University Project) 5.000%  10/1/33       2,380      2,490
  Capital FL Projects Finance Authority College & University Revenue (Florida University Project) 5.000%  10/1/34       4,865      5,067
  Capital FL Projects Finance Authority College & University Revenue (Florida University Project) 5.000%  10/1/35       1,050      1,090
4 Capital Projects Finance Authority FL Local or Guaranteed Housing Revenue 5.250%   6/1/34       1,000      1,058
4 Capital Projects Finance Authority FL Local or Guaranteed Housing Revenue 5.250%   6/1/39       1,875      1,958
4 Capital Projects Finance Authority FL Local or Guaranteed Housing Revenue 5.250%   6/1/44       1,600      1,635
  Capital Trust Agency Inc. Charter School Aid Revenue (Advantage Academy of Hillsborough Projects) 5.000% 12/15/39       5,320      5,282
  Capital Trust Agency Inc. Charter School Aid Revenue (Liza Jackson Preparatory School Inc. Project) 4.000%   8/1/30         315        313
  Capital Trust Agency Inc. Charter School Aid Revenue (Liza Jackson Preparatory School Inc. Project) 5.000%   8/1/40         300        303
4 Capital Trust Agency Inc. Health, Hospital, Nursing Home Revenue 5.000%   7/1/27       1,840      1,789
4 Capital Trust Agency Inc. Health, Hospital, Nursing Home Revenue 5.000%   7/1/32       2,040      1,870
4 Capital Trust Authority Charter School Aid Revenue 5.125%  6/15/33       2,000      2,072
4 Capital Trust Authority Charter School Aid Revenue 6.000%  6/15/43       3,600      3,750
4 Capital Trust Authority Charter School Aid Revenue (Academir Charter Schools Inc. Project) 5.000%   6/1/44       1,635      1,603
4 Capital Trust Authority Charter School Aid Revenue (Mason Classical Academy Project) 5.000%   6/1/39       2,010      2,036
4 Capital Trust Authority Charter School Aid Revenue (Mason Classical Academy Project) 5.000%   6/1/44       1,525      1,523
  Capital Trust Authority Charter School Aid Revenue (Plato Academy Schools Project) 4.250% 12/15/34       4,635      4,562
  Capital Trust Authority Charter School Aid Revenue (Plato Academy Schools Project) 5.000% 12/15/44       4,150      4,119
  Central Florida Expressway Authority Highway Revenue 5.000%   7/1/27       5,640      5,805
  Central Florida Expressway Authority Highway Revenue 5.000%   7/1/28       4,365      4,491
  Central Florida Expressway Authority Highway Revenue 4.000%   7/1/29      10,000     10,094
8 Central Florida Expressway Authority Highway Revenue 5.000%   7/1/32       5,000      5,649
8 Central Florida Expressway Authority Highway Revenue 5.000%   7/1/33      11,500     13,122
8 Central Florida Expressway Authority Highway Revenue 5.000%   7/1/34      11,000     12,652
3 Central Florida Expressway Authority Highway Revenue 2.125%   7/1/36      12,000      9,455
3 Central Florida Expressway Authority Highway Revenue 4.000%   7/1/37       5,850      5,967
  Central Florida Expressway Authority Highway Revenue 5.000%   7/1/37       2,125      2,191
  Central Florida Expressway Authority Highway Revenue 3.000%   7/1/38       2,365      2,090
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Central Florida Expressway Authority Highway Revenue 5.000%   7/1/38       4,190      4,312
3 Central Florida Expressway Authority Highway Revenue 2.500%   7/1/40       7,310      5,561
  Central Florida Expressway Authority Highway Revenue, Prere. 4.000%   7/1/26       6,500      6,613
  Central Florida Expressway Authority Highway Revenue, Prere. 4.000%   7/1/26       9,500      9,666
  Central Florida Expressway Authority Highway Revenue, Prere. 5.000%   7/1/26       4,950      5,104
  Central Florida Expressway Authority Highway Revenue, Prere. 5.000%   7/1/26       7,060      7,280
  Central Florida Tourism Oversight District GO 4.000%   6/1/32       3,115      3,166
  Central Florida Tourism Oversight District GO 4.000%   6/1/34      10,000     10,105
  Central Florida Tourism Oversight District GO 4.000%   6/1/35       4,685      4,722
  Central Florida Tourism Oversight District GO 5.000%   6/1/37       5,000      5,139
3,11 Cityplace Community Development District Special Assessment Revenue, 3.650% coupon rate effective 11/1/25 0.000%   5/1/28       3,000      2,955
3,11 Cityplace Community Development District Special Assessment Revenue, 4.000% coupon rate effective 11/1/25 0.000%   5/1/33       4,000      4,041
3 Collier County IDA Health, Hospital, Nursing Home Revenue (NHC Healthcare System Project) 5.000%  10/1/40       1,000      1,090
3 Collier County IDA Health, Hospital, Nursing Home Revenue (NHC Healthcare System Project) 5.000%  10/1/41       1,000      1,083
3 Collier County IDA Health, Hospital, Nursing Home Revenue (NHC Healthcare System Project) 5.000%  10/1/42       1,000      1,076
3 Collier County IDA Health, Hospital, Nursing Home Revenue (NHC Healthcare System Project) 5.000%  10/1/43       1,000      1,070
3 Collier County IDA Health, Hospital, Nursing Home Revenue (NHC Healthcare System Project) 5.000%  10/1/44       1,500      1,596
  Collier County IDA Health, Hospital, Nursing Home Revenue (NHC Healthcare System Project) PUT 5.000%  10/1/29       2,075      2,204
  Collier County IDA Health, Hospital, Nursing Home Revenue (NHC Healthcare System Project) PUT 5.000%  10/1/31       2,000      2,160
  Coral Springs FL Special Obligation Revenue (Municipal Complex Project) 5.000%   9/1/33       1,000      1,031
  Crosswinds East Community Development District Special Assessment Revenue (Assessment Area One Project) 5.500%   5/1/44       1,000      1,016
  Davie FL College & University Revenue (Nova Southeastern University Project) 5.000%   4/1/28         220        232
  Davie FL College & University Revenue (Nova Southeastern University Project) 5.000%   4/1/30         220        231
  Davie FL College & University Revenue (Nova Southeastern University Project) 5.000%   4/1/32         300        313
  Davie FL College & University Revenue (Nova Southeastern University Project) 5.000%   4/1/38       1,655      1,703
  Duval County Public Schools COP 5.000%   7/1/33      14,415     14,522
3 Duval County Public Schools COP 5.000%   7/1/34       2,000      2,155
3 Duval County Public Schools COP 5.000%   7/1/35       2,250      2,418
  Escambia County FL Sales Tax Revenue 5.000%  10/1/34       2,340      2,437
  Escambia County FL Sales Tax Revenue 5.000%  10/1/35       3,510      3,648
  Escambia County FL Sales Tax Revenue 5.000%  10/1/36       2,205      2,290
  Escambia County FL Sales Tax Revenue 5.000%  10/1/37       2,870      2,972
  Escambia County Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/31       4,100      4,339
  Escambia County Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/32       4,095      4,323
  Escambia County Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/33       7,985      8,399
  Escambia County Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/34       6,660      6,999
  Escambia County Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/35       5,985      6,274
  Escambia County Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/37      16,015     16,695
  Escambia County Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/40       7,320      7,533
  Florida Atlantic University Finance Corp. Local or Guaranteed Housing Revenue (Student Housing Project) 5.000%   7/1/30       1,375      1,502
  Florida Atlantic University Finance Corp. Local or Guaranteed Housing Revenue (Student Housing Project) 5.000%   7/1/31       1,445      1,590
  Florida Atlantic University Finance Corp. Local or Guaranteed Housing Revenue (Student Housing Project) 5.000%   7/1/32       1,520      1,688
  Florida Atlantic University Finance Corp. Local or Guaranteed Housing Revenue (Student Housing Project) 5.000%   7/1/34       1,685      1,847
  Florida Atlantic University Finance Corp. Local or Guaranteed Housing Revenue (Student Housing Project) 5.000%   7/1/35       1,765      1,922
  Florida Atlantic University Finance Corp. Local or Guaranteed Housing Revenue (Student Housing Project) 4.000%   7/1/36       1,855      1,868
  Florida Atlantic University Finance Corp. Local or Guaranteed Housing Revenue (Student Housing Project) 4.000%   7/1/37       1,930      1,935
  Florida Atlantic University Finance Corp. Local or Guaranteed Housing Revenue (Student Housing Project) 5.000%   7/1/38         650        719
  Florida Atlantic University Finance Corp. Local or Guaranteed Housing Revenue (Student Housing Project) 5.000%   7/1/39         700        768
  Florida Atlantic University Finance Corp. Local or Guaranteed Housing Revenue (Student Housing Project) 5.000%   7/1/40         725        790
  Florida Atlantic University Finance Corp. Local or Guaranteed Housing Revenue (Student Housing Project) 5.000%   7/1/41         815        883
  Florida Atlantic University Finance Corp. Local or Guaranteed Housing Revenue (Student Housing Project) 5.000%   7/1/42       1,100      1,186
  Florida Department of Transportation Lease (Appropriation) Revenue 3.000%   7/1/35       1,870      1,772
  Florida Department of Transportation Turnpike System Highway Revenue 5.000%   7/1/31      14,180     15,863
  Florida Department of Transportation Turnpike System Highway Revenue 4.000%   7/1/33       9,030      9,121
  Florida Department of Transportation Turnpike System Highway Revenue 4.000%   7/1/34      12,355     12,388
  Florida Department of Transportation Turnpike System Highway Revenue 4.000%   7/1/34       7,000      7,064
  Florida Department of Transportation Turnpike System Highway Revenue 4.000%   7/1/34       2,720      2,837
  Florida Department of Transportation Turnpike System Highway Revenue 4.000%   7/1/38      11,635     11,764
  Florida Department of Transportation Turnpike System Highway Revenue 3.000%   7/1/39       2,180      1,910
  Florida Department of Transportation Turnpike System Highway Revenue 4.000%   7/1/41       7,330      7,417
  Florida Department of Transportation Turnpike System Highway Revenue 4.000%   7/1/42       9,675      9,744
  Florida Department of Transportation Turnpike System Highway Revenue 4.000%   7/1/43      10,250     10,277
  Florida Department of Transportation Turnpike System Highway Revenue 4.000%   7/1/44       4,500      4,490
4 Florida Development Finance Corp. Charter School Aid Revenue 5.250%  6/15/29       1,250      1,256
4 Florida Development Finance Corp. Charter School Aid Revenue 4.000%  6/30/30         430        396
4 Florida Development Finance Corp. Charter School Aid Revenue 4.000%  6/30/31         445        404
  Florida Development Finance Corp. Charter School Aid Revenue (Mater Academy Project) 5.000%  6/15/28         820        845
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Florida Development Finance Corp. Charter School Aid Revenue (Mater Academy Project) 5.000%  6/15/30       1,080      1,110
  Florida Development Finance Corp. Charter School Aid Revenue (Mater Academy Project) 5.000%  6/15/32       1,635      1,674
  Florida Development Finance Corp. Charter School Aid Revenue (Mater Academy Project) 5.000%  6/15/33         765        782
  Florida Development Finance Corp. Charter School Aid Revenue (Mater Academy Project) 5.000%  6/15/34         800        816
  Florida Development Finance Corp. Charter School Aid Revenue (Mater Academy Project) 5.000%  6/15/35       1,055      1,074
  Florida Development Finance Corp. Charter School Aid Revenue (Mater Academy Project) 5.000%  6/15/40       1,650      1,665
4 Florida Development Finance Corp. Charter School Aid Revenue (Renaissance Charter School Inc. Project) 4.000%  9/15/30         940        904
4 Florida Development Finance Corp. Charter School Aid Revenue (Renaissance Charter School Inc. Projects) 5.000%  9/15/40       4,100      3,958
  Florida Development Finance Corp. Charter School Aid Revenue (River City Science Academy Project) 4.000%   7/1/29         315        317
  Florida Development Finance Corp. Charter School Aid Revenue (River City Science Academy Project) 4.000%   7/1/31         690        691
  Florida Development Finance Corp. Charter School Aid Revenue (River City Science Academy Project) 5.000%   7/1/31         325        337
  Florida Development Finance Corp. Charter School Aid Revenue (River City Science Academy Project) 5.000%   7/1/42         455        463
  Florida Development Finance Corp. Charter School Aid Revenue (River City Science Academy Project) 5.000%   7/1/42         480        489
4 Florida Development Finance Corp. Charter School Aid Revenue(Corner Stone Classical Academy Inc. Project) 5.250%   6/1/44         845        851
  Florida Development Finance Corp. College & University Revenue (Nova Southeastern University Project) 5.000%   4/1/28         315        332
  Florida Development Finance Corp. College & University Revenue (Nova Southeastern University Project) 5.000%   4/1/29         285        304
4 Florida Development Finance Corp. Health, Hospital, Nursing Home Revenue 5.000%   6/1/31       1,375      1,416
4 Florida Development Finance Corp. Health, Hospital, Nursing Home Revenue 5.000%   6/1/35       1,075      1,097
4 Florida Development Finance Corp. Health, Hospital, Nursing Home Revenue 4.000%   6/1/36       2,110      1,955
  Florida Development Finance Corp. Health, Hospital, Nursing Home Revenue 4.000% 11/15/38       3,500      3,497
4 Florida Development Finance Corp. Health, Hospital, Nursing Home Revenue 4.000%   6/1/41       1,600      1,402
  Florida Development Finance Corp. Health, Hospital, Nursing Home Revenue (Tampa General Hospital Project) 5.000%   8/1/38       1,600      1,717
  Florida Development Finance Corp. Health, Hospital, Nursing Home Revenue (Tampa General Hospital Project) 5.000%   8/1/40       1,750      1,862
  Florida Development Finance Corp. Health, Hospital, Nursing Home Revenue (Tampa General Hospital Project) 5.000%   8/1/41       1,450      1,535
  Florida Development Finance Corp. Health, Hospital, Nursing Home Revenue (Tampa General Hospital Project) 5.000%   8/1/42       1,500      1,579
  Florida Development Finance Corp. Health, Hospital, Nursing Home Revenue (Tampa General Hospital Project) 5.000%   8/1/43       1,495      1,566
  Florida Development Finance Corp. Health, Hospital, Nursing Home Revenue (Tampa General Hospital Project) 5.000%   8/1/44       1,000      1,043
  Florida Development Finance Corp. Health, Hospital, Nursing Home Revenue (Tampa General Hospital Project) PUT 5.000%  10/1/31      11,880     12,760
  Florida Development Finance Corp. Health, Hospital, Nursing Home Revenue (UF Health Jacksonville Project) 5.000%   2/1/33       1,600      1,677
  Florida Development Finance Corp. Health, Hospital, Nursing Home Revenue (UF Health Jacksonville Project) 5.000%   2/1/34       6,605      6,903
  Florida Development Finance Corp. Health, Hospital, Nursing Home Revenue (UF Health Jacksonville Project) 5.000%   2/1/35       2,300      2,396
  Florida Development Finance Corp. Health, Hospital, Nursing Home Revenue (UF Health Jacksonville Project) 5.000%   2/1/36       6,000      6,230
4 Florida Development Finance Corp. Local or Guaranteed Housing Revenue (SFP - Tampa I - The Henry Project) 5.000%   6/1/44       1,700      1,700
  Florida GO 5.000%   7/1/26       5,540      5,714
  Florida GO 5.000%   7/1/26      15,845     16,342
  Florida GO 5.000%   6/1/27      16,240     17,080
  Florida GO 5.000%   6/1/28       5,000      5,360
  Florida GO 5.000%   6/1/28       5,000      5,360
  Florida GO 4.000%   6/1/29       2,700      2,730
  Florida GO 5.000%   6/1/29      15,115     16,491
  Florida GO 5.000%   6/1/29      12,225     13,338
  Florida GO 4.000%   6/1/30       2,590      2,639
  Florida GO 4.000%   6/1/32          45         46
  Florida GO 4.000%   6/1/32       2,400      2,432
  Florida GO 4.000%   6/1/33       5,570      5,623
  Florida GO 4.000%   6/1/35       4,000      4,039
  Florida GO 4.000%   7/1/42       7,150      7,179
3 Florida Governmental Utility Authority Water Revenue 4.000%  10/1/35       1,000      1,013
3 Florida Governmental Utility Authority Water Revenue 4.000%  10/1/36       1,580      1,599
3 Florida Governmental Utility Authority Water Revenue 4.000%  10/1/38       2,000      2,009
3 Florida Governmental Utility Authority Water Revenue 4.000%  10/1/39       1,000      1,001
3 Florida Governmental Utility Authority Water Revenue 4.000%  10/1/40       1,305      1,307
  Florida Gulf Coast University Financing Corp. Local or Guaranteed Housing Revenue (Housing Project) 5.000%   2/1/28         400        418
  Florida Gulf Coast University Financing Corp. Local or Guaranteed Housing Revenue (Housing Project) 5.000%   2/1/28         235        246
  Florida Gulf Coast University Financing Corp. Local or Guaranteed Housing Revenue (Housing Project) 5.000%   2/1/29         435        461
  Florida Gulf Coast University Financing Corp. Local or Guaranteed Housing Revenue (Housing Project) 5.000%   2/1/29         325        344
  Florida Gulf Coast University Financing Corp. Local or Guaranteed Housing Revenue (Housing Project) 5.000%   2/1/30       1,000      1,072
  Florida Gulf Coast University Financing Corp. Local or Guaranteed Housing Revenue (Housing Project) 5.000%   2/1/30         325        349
  Florida Gulf Coast University Financing Corp. Local or Guaranteed Housing Revenue (Housing Project) 5.000%   2/1/31       1,000      1,071
  Florida Gulf Coast University Financing Corp. Local or Guaranteed Housing Revenue (Housing Project) 5.000%   2/1/31         350        380
  Florida Gulf Coast University Financing Corp. Local or Guaranteed Housing Revenue (Housing Project) 5.000%   2/1/32       1,180      1,262
  Florida Gulf Coast University Financing Corp. Local or Guaranteed Housing Revenue (Housing Project) 5.000%   2/1/32         600        652
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Florida Gulf Coast University Financing Corp. Local or Guaranteed Housing Revenue (Housing Project) 5.000%   2/1/33         750        802
  Florida Gulf Coast University Financing Corp. Local or Guaranteed Housing Revenue (Housing Project) 5.000%   2/1/33         330        357
  Florida Gulf Coast University Financing Corp. Local or Guaranteed Housing Revenue (Housing Project) 5.000%   2/1/34         800        856
  Florida Gulf Coast University Financing Corp. Local or Guaranteed Housing Revenue (Housing Project) 5.000%   2/1/34         600        646
  Florida Gulf Coast University Financing Corp. Local or Guaranteed Housing Revenue (Housing Project) 5.000%   2/1/35         850        909
  Florida Gulf Coast University Financing Corp. Local or Guaranteed Housing Revenue (Housing Project) 4.000%   2/1/38         550        550
  Florida Gulf Coast University Financing Corp. Local or Guaranteed Housing Revenue (Housing Project) 3.000%   2/1/40         820        703
  Florida Higher Educational Facilities Financial Authority College & University Revenue (Nova Southeastern University Project) 5.000%   4/1/33       2,370      2,403
  Florida Higher Educational Facilities Financial Authority College & University Revenue (Nova Southeastern University Project) 5.000%   4/1/34       3,920      3,973
  Florida Higher Educational Facilities Financial Authority College & University Revenue (Nova Southeastern University Project) 5.000%   4/1/36         140        142
  Florida Higher Educational Facilities Financial Authority College & University Revenue (Ringling College Project) 5.000%   3/1/30       2,045      2,097
  Florida Higher Educational Facilities Financial Authority College & University Revenue (Ringling College Project) 5.000%   3/1/33       2,305      2,351
  Florida Higher Educational Facilities Financial Authority College & University Revenue (Ringling College Project) 5.000%   3/1/35       3,615      3,674
  Florida Higher Educational Facilities Financial Authority College & University Revenue (Ringling College Project) 5.000%   3/1/36       3,795      3,852
  Florida Higher Educational Facilities Financial Authority College & University Revenue (Rollins College Project) 4.000%  12/1/35       2,000      2,030
  Florida Higher Educational Facilities Financial Authority College & University Revenue (Rollins College Project) 4.000%  12/1/37       2,810      2,828
  Florida Higher Educational Facilities Financial Authority College & University Revenue (Rollins College Project) 4.000%  12/1/38       2,405      2,411
  Florida Higher Educational Facilities Financial Authority College & University Revenue (Rollins College Project) 4.000%  12/1/39       2,635      2,629
  Florida Higher Educational Facilities Financial Authority College & University Revenue (Rollins College Project) 4.000%  12/1/40       3,370      3,329
  Florida Higher Educational Facilities Financial Authority College & University Revenue (Rollins College Project) 5.000%  12/1/42       1,925      2,055
  Florida Housing Finance Corp. Local or Guaranteed Housing Revenue 3.500%   7/1/52       6,885      6,823
  Florida Housing Finance Corp. Local or Guaranteed Housing Revenue 6.250%   1/1/55       9,980     10,945
  Florida Housing Finance Corp. Local or Guaranteed Housing Revenue 6.250%   7/1/55       2,960      3,294
  Florida Housing Finance Corp. Local or Guaranteed Housing Revenue PUT 5.000%   2/1/26       1,555      1,582
  Florida Insurance Assistance Interlocal Agency Inc. Miscellaneous Revenue 5.000%   9/1/26      10,000     10,197
  Florida Insurance Assistance Interlocal Agency Inc. Miscellaneous Revenue 5.000%   9/1/27      10,490     10,783
  Florida Insurance Assistance Interlocal Agency Inc. Miscellaneous Revenue 5.000%   9/1/28      10,240     10,517
  Florida Lottery Revenue 5.000%   7/1/26      25,950     26,776
  Florida Municipal Power Agency Electric Power & Light Revenue 5.000%  10/1/26       1,060      1,074
  Florida Municipal Power Agency Electric Power & Light Revenue 4.000%  10/1/28       3,580      3,658
  Florida Municipal Power Agency Electric Power & Light Revenue 5.000%  10/1/28       1,385      1,402
  Florida Municipal Power Agency Electric Power & Light Revenue 5.000%  10/1/29       3,475      3,518
  Florida Municipal Power Agency Electric Power & Light Revenue 5.000%  10/1/29       8,770      9,028
  Florida Municipal Power Agency Electric Power & Light Revenue 5.000%  10/1/30      10,020     10,303
  Florida Municipal Power Agency Electric Power & Light Revenue 5.000%  10/1/31       8,535      8,769
  Florida Municipal Power Agency Electric Power & Light Revenue 3.000%  10/1/32       6,945      6,505
  Florida Municipal Power Agency Electric Power & Light Revenue 3.000%  10/1/33       4,750      4,397
  Florida Municipal Power Agency Nuclear Revenue (St. Lucie Project) 5.000%  10/1/29       3,095      3,302
  Fort Lauderdale FL Special Assessment Revenue 5.000%   7/1/39         350        383
  Fort Lauderdale FL Special Assessment Revenue 5.000%   7/1/40         500        544
  Fort Lauderdale FL Special Assessment Revenue 5.000%   7/1/41         600        648
  Fort Lauderdale FL Special Assessment Revenue 5.000%   7/1/42         500        538
  Fort Lauderdale FL Special Assessment Revenue 5.000%   7/1/43         325        348
  Fort Lauderdale FL Water & Sewer Water Revenue 4.000%   3/1/37       4,645      4,718
  Fort Lauderdale FL Water & Sewer Water Revenue 5.000%   9/1/41       1,000      1,096
  Fort Lauderdale FL Water & Sewer Water Revenue 5.000%   9/1/42       2,000      2,184
  Fort Lauderdale FL Water & Sewer Water Revenue 5.000%   9/1/43       1,500      1,631
3 Fort Pierce Utilities Authority Multiple Utility Revenue 5.000%  10/1/31         200        220
3 Fort Pierce Utilities Authority Multiple Utility Revenue 5.000%  10/1/32         175        194
3 Fort Pierce Utilities Authority Multiple Utility Revenue 5.000%  10/1/33         200        221
3 Fort Pierce Utilities Authority Multiple Utility Revenue 5.000%  10/1/34         325        358
3 Fort Pierce Utilities Authority Multiple Utility Revenue 5.000%  10/1/37         425        462
3 Fort Pierce Utilities Authority Multiple Utility Revenue 5.000%  10/1/39         475        509
3 Fort Pierce Utilities Authority Multiple Utility Revenue 5.000%  10/1/40         500        533
3 Fort Pierce Utilities Authority Multiple Utility Revenue 5.000%  10/1/41         550        585
3 Fort Pierce Utilities Authority Multiple Utility Revenue 5.000%  10/1/42         400        426
  Gainesville FL Utilities System Electric Power & Light Revenue 5.000%  10/1/26       2,485      2,567
  Gainesville FL Utilities System Electric Power & Light Revenue 5.000%  10/1/27         160        168
  Gainesville FL Utilities System Electric Power & Light Revenue 5.000%  10/1/28       5,000      5,263
  Gainesville FL Utilities System Electric Power & Light Revenue 5.000%  10/1/29       7,100      7,471
  Gainesville FL Utilities System Electric Power & Light Revenue 5.000%  10/1/30       4,000      4,204
  Gainesville FL Utilities System Electric Power & Light Revenue 5.000%  10/1/34       5,030      5,245
  Gainesville FL Utilities System Electric Power & Light Revenue 5.000%  10/1/35       5,040      5,236
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Gainesville FL Utilities System Electric Power & Light Revenue 5.000%  10/1/37       5,000      5,186
  Gainesville FL Utilities System Electric Power & Light Revenue, ETM 5.000%  10/1/26         680        703
  Gainesville FL Utilities System Electric Power & Light Revenue, ETM 5.000%  10/1/26         625        646
  Gainesville FL Utilities System Electric Power & Light Revenue, ETM 5.000%  10/1/27       2,890      3,044
  Greater Orlando Aviation Authority Port, Airport & Marina Revenue 5.000%  10/1/36         680        694
  Greater Orlando Aviation Authority Port, Airport & Marina Revenue 5.000%  10/1/37       2,325      2,371
  Greater Orlando Aviation Authority Port, Airport & Marina Revenue, Prere. 5.000%  10/1/26          65         67
  Greater Orlando Aviation Authority Port, Airport & Marina Revenue, Prere. 5.000%  10/1/26         225        233
  Halifax Hospital Medical Center Health, Hospital, Nursing Home Revenue 5.000%   6/1/25       1,375      1,382
  Halifax Hospital Medical Center Health, Hospital, Nursing Home Revenue 5.000%   6/1/27       1,460      1,494
  Halifax Hospital Medical Center Health, Hospital, Nursing Home Revenue 5.000%   6/1/28       2,100      2,148
  Halifax Hospital Medical Center Health, Hospital, Nursing Home Revenue 5.000%   6/1/29       2,270      2,319
  Halifax Hospital Medical Center Health, Hospital, Nursing Home Revenue 5.000%   6/1/30       2,020      2,062
  Halifax Hospital Medical Center Health, Hospital, Nursing Home Revenue 3.750%   6/1/41       2,000      1,778
  Hamilton Bluff Community Development District Special Assessment Revenue (Assessment Area One Project) 5.500%   5/1/44       1,000      1,007
3 Hernando County School District COP 5.000%   7/1/27       6,000      6,179
3 Hernando County School District COP 5.000%   7/1/31       5,925      6,097
1 Herons Glen Recreation District Special Assessment Revenue 2.500%   5/1/28         345        332
1 Herons Glen Recreation District Special Assessment Revenue 2.500%   5/1/29         355        337
1 Herons Glen Recreation District Special Assessment Revenue 2.500%   5/1/30         365        340
1 Herons Glen Recreation District Special Assessment Revenue 2.500%   5/1/31         375        344
1 Herons Glen Recreation District Special Assessment Revenue 3.000%   5/1/32         285        273
1 Herons Glen Recreation District Special Assessment Revenue 3.000%   5/1/33         300        285
1 Herons Glen Recreation District Special Assessment Revenue 3.000%   5/1/34         245        229
1 Herons Glen Recreation District Special Assessment Revenue 3.000%   5/1/35         255        237
1 Herons Glen Recreation District Special Assessment Revenue 3.000%   5/1/36         260        240
1 Herons Glen Recreation District Special Assessment Revenue 2.500%   5/1/40       1,200        911
  Hickory Tree Community Development District Special Assessment Revenue (Assessment Area One Project) 4.500%   5/1/31         500        497
  Hickory Tree Community Development District Special Assessment Revenue (Assessment Area One Project) 5.150%   5/1/44       1,000        986
  Highlands County Health Facilities Authority Health, Hospital, Nursing Home Revenue PUT 5.000% 11/15/31       3,915      4,341
  Hillsborough County Aviation Authority Port, Airport & Marina Revenue 4.000%  10/1/37       1,040      1,067
  Hillsborough County Aviation Authority Port, Airport & Marina Revenue 4.000%  10/1/38       1,160      1,185
  Hillsborough County Aviation Authority Port, Airport & Marina Revenue 4.000%  10/1/39       1,640      1,663
  Hillsborough County Aviation Authority Port, Airport & Marina Revenue 4.000%  10/1/40       1,775      1,779
  Hillsborough County Aviation Authority Port, Airport & Marina Revenue 4.000%  10/1/41       1,270      1,262
  Hillsborough County FL Community Investment Tax Sales Tax Revenue 5.000%  11/1/26      28,000     29,013
  Hillsborough County FL Miscellaneous Revenue 3.000%   8/1/41       6,145      5,301
  Hillsborough County FL Utility Water Revenue 4.000%   8/1/31       3,215      3,351
1 Hillsborough County FL Utility Water Revenue 3.000%   8/1/37       3,340      2,973
  Hillsborough County IDA Health, Hospital, Nursing Home Revenue 3.600%  10/1/28      12,300     12,245
  Hillsborough County IDA Health, Hospital, Nursing Home Revenue 5.000% 11/15/29      22,470     24,474
  Hillsborough County IDA Health, Hospital, Nursing Home Revenue 3.875%  10/1/31      26,515     26,581
  Hillsborough County IDA Health, Hospital, Nursing Home Revenue 4.000%  10/1/34       3,115      3,117
  Hillsborough County IDA Health, Hospital, Nursing Home Revenue 5.000% 11/15/34      23,390     26,806
  Hillsborough County IDA Health, Hospital, Nursing Home Revenue 5.000% 11/15/39       1,660      1,834
  Hillsborough County IDA Health, Hospital, Nursing Home Revenue 5.000% 11/15/40       1,500      1,649
  Hillsborough County IDA Health, Hospital, Nursing Home Revenue 5.000% 11/15/41       2,000      2,185
  Hillsborough County IDA Health, Hospital, Nursing Home Revenue 5.000% 11/15/42       5,060      5,504
  Hillsborough County IDA Health, Hospital, Nursing Home Revenue 5.000% 11/15/43       4,640      5,023
  Hillsborough County IDA Health, Hospital, Nursing Home Revenue 5.000% 11/15/44       7,500      8,088
  Hillsborough County School Board (Master Lease Program) COP 5.000%   7/1/27       2,590      2,708
  Hollywood FL GO 5.000%   7/1/42       3,705      3,947
  Jacksonville FL General Fund Revenue 4.000%  10/1/39       2,000      2,014
  Jacksonville FL General Fund Revenue 4.000%  10/1/41       1,150      1,147
  Jacksonville FL Health, Hospital, Nursing Home Revenue 5.000%  8/15/26       1,010      1,040
  Jacksonville FL Health, Hospital, Nursing Home Revenue 5.000%  8/15/29       2,255      2,355
  Jacksonville FL Health, Hospital, Nursing Home Revenue 5.000%  11/1/29       3,890      4,054
  Jacksonville FL Health, Hospital, Nursing Home Revenue 5.000%  11/1/30       3,000      3,124
  Jacksonville FL Health, Hospital, Nursing Home Revenue 5.000%  8/15/31       1,875      1,952
  Jacksonville FL Health, Hospital, Nursing Home Revenue 5.000%  11/1/31       3,790      3,938
  Jacksonville FL Health, Hospital, Nursing Home Revenue 5.000%  11/1/32       4,510      4,681
  Jacksonville FL Health, Hospital, Nursing Home Revenue 5.000%  8/15/33       1,635      1,695
  Jacksonville FL Health, Hospital, Nursing Home Revenue 5.000%  11/1/33       4,730      4,900
  Jacksonville FL Health, Hospital, Nursing Home Revenue 5.000%  11/1/34       4,970      5,133
  Jacksonville FL Health, Hospital, Nursing Home Revenue 5.000%  11/1/35       5,220      5,373
  Jacksonville FL Health, Hospital, Nursing Home Revenue 5.000%  11/1/36       5,475      5,614
  Jacksonville FL Health, Hospital, Nursing Home Revenue 5.000%  11/1/37       5,755      5,881
  Jacksonville FL Health, Hospital, Nursing Home Revenue 5.000%  11/1/38       2,965      3,025
  Jacksonville FL Health, Hospital, Nursing Home Revenue (Brooks Rehabilitation Project) 4.000%  11/1/39       1,650      1,565
  Jacksonville FL Health, Hospital, Nursing Home Revenue (Brooks Rehabilitation Project) 4.000%  11/1/40       2,175      2,043
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Jacksonville FL Miscellaneous Revenue 5.000%  10/1/28       1,735      1,826
  Jacksonville FL Miscellaneous Revenue 5.000%  10/1/28       4,785      4,946
  Jacksonville FL Miscellaneous Revenue 5.000%  10/1/30       9,000      9,283
  Jacksonville FL Miscellaneous Revenue 5.000%  10/1/33       3,425      3,681
  Jacksonville FL Miscellaneous Revenue 5.000%  10/1/34       2,000      2,081
  Jacksonville FL Miscellaneous Revenue 5.000%  10/1/35       2,930      3,131
  Jacksonville FL Miscellaneous Revenue 5.000%  10/1/36       2,840      3,028
  Jacksonville FL Miscellaneous Revenue 5.000%  10/1/37       3,245      3,458
  Jacksonville FL Miscellaneous Revenue 5.000%  10/1/38       2,000      2,111
  JEA Electric System Electric Power & Light Revenue 5.000%  10/1/26      15,000     15,537
  JEA Electric System Electric Power & Light Revenue 5.000%  10/1/27       7,400      7,795
  JEA Electric System Electric Power & Light Revenue 5.000%  10/1/28      10,000     10,547
  JEA Electric System Electric Power & Light Revenue 5.000%  10/1/29       6,090      6,413
  JEA Electric System Electric Power & Light Revenue 5.000%  10/1/30       7,220      7,580
  JEA Electric System Electric Power & Light Revenue 5.000%  10/1/31       7,000      7,329
  JEA Electric System Electric Power & Light Revenue 5.000%  10/1/32       8,000      8,356
  JEA Electric System Electric Power & Light Revenue 5.000%  10/1/33       9,000      9,378
  JEA Electric System Electric Power & Light Revenue 4.000%  10/1/35       2,000      2,010
  JEA Electric System Electric Power & Light Revenue 4.000%  10/1/35      10,000     10,233
  JEA Electric System Electric Power & Light Revenue 5.000%  10/1/35       3,500      3,747
8 JEA Electric System Electric Power & Light Revenue 5.000%  10/1/35       3,000      3,451
  JEA Electric System Electric Power & Light Revenue 4.000%  10/1/36       4,500      4,521
  JEA Electric System Electric Power & Light Revenue 4.000%  10/1/36      10,195     10,296
  JEA Electric System Electric Power & Light Revenue 4.000%  10/1/36       9,125      9,301
  JEA Electric System Electric Power & Light Revenue 4.000%  10/1/37       4,000      4,010
  JEA Electric System Electric Power & Light Revenue 4.000%  10/1/37       6,860      6,903
  JEA Electric System Electric Power & Light Revenue 4.000%  10/1/37       2,955      2,989
  JEA Electric System Electric Power & Light Revenue 4.000%  10/1/38       1,750      1,748
  JEA Electric System Electric Power & Light Revenue 4.000%  10/1/38       4,500      4,543
  JEA Water & Sewer System Water Revenue 5.000%  10/1/26       1,235      1,283
  JEA Water & Sewer System Water Revenue 5.000%  10/1/27      11,000     11,614
  JEA Water & Sewer System Water Revenue 5.000%  10/1/28       2,340      2,468
  JEA Water & Sewer System Water Revenue 5.000%  10/1/28       3,145      3,317
  JEA Water & Sewer System Water Revenue 5.000%  10/1/29       5,580      5,877
  JEA Water & Sewer System Water Revenue 5.000%  10/1/30       1,925      2,025
  JEA Water & Sewer System Water Revenue 5.000%  10/1/30       1,490      1,567
  JEA Water & Sewer System Water Revenue 4.000%  10/1/33      11,205     11,395
  JEA Water & Sewer System Water Revenue 5.000%  10/1/33       1,210      1,313
  JEA Water & Sewer System Water Revenue 5.000%  10/1/34       1,150      1,245
  JEA Water & Sewer System Water Revenue 4.000%  10/1/35       8,000      8,115
  JEA Water & Sewer System Water Revenue 5.000%  10/1/35       1,180      1,273
  JEA Water & Sewer System Water Revenue 5.000%  10/1/35       2,525      2,723
  JEA Water & Sewer System Water Revenue 4.000%  10/1/36       1,000      1,023
  JEA Water & Sewer System Water Revenue 4.000%  10/1/37       1,000      1,019
  JEA Water & Sewer System Water Revenue 4.000%  10/1/38       6,000      6,091
  JEA Water & Sewer System Water Revenue 4.000%  10/1/38       1,080      1,096
  JEA Water & Sewer System Water Revenue 4.000%  10/1/39       4,600      4,644
  JEA Water & Sewer System Water Revenue 4.000%  10/1/39       1,185      1,196
  JEA Water & Sewer System Water Revenue 3.000%  10/1/40       2,500      2,210
  JEA Water & Sewer System Water Revenue 4.000%  10/1/40       2,290      2,303
  JEA Water & Sewer System Water Revenue 4.000%  10/1/40         640        644
  JEA Water & Sewer System Water Revenue 5.000%  10/1/42       3,750      4,082
  JEA Water & Sewer System Water Revenue 5.000%  10/1/43       4,485      4,844
  JEA Water & Sewer System Water Revenue 5.000%  10/1/44       4,440      4,775
  Key West Utility Board Electric Power & Light Revenue 5.000%  10/1/32       1,340      1,422
  Key West Utility Board Electric Power & Light Revenue 5.000%  10/1/35       1,495      1,580
  Key West Utility Board Electric Power & Light Revenue 5.000%  10/1/36       1,200      1,266
  Key West Utility Board Electric Power & Light Revenue 5.000%  10/1/38       2,275      2,379
3 Lake County School Board COP 5.000%   6/1/31       5,000      5,023
  Lakeland FL Department of Electric Utilities Electric Power & Light Revenue 5.000%  10/1/38       2,000      2,315
  Lakeland FL Department of Electric Utilities Electric Power & Light Revenue 4.000%  10/1/39       2,185      2,185
  Lakeland FL Department of Electric Utilities Electric Power & Light Revenue 5.000%  10/1/39       1,000      1,153
  Lakeland FL Department of Electric Utilities Electric Power & Light Revenue 4.000%  10/1/40       1,395      1,380
  Lakeland FL Department of Electric Utilities Electric Power & Light Revenue 4.000%  10/1/41       1,400      1,373
  Lakeland FL Health, Hospital, Nursing Home Revenue 5.000% 11/15/25       2,000      2,031
  Lakeland FL Health, Hospital, Nursing Home Revenue 5.000% 11/15/27       5,000      5,153
  Lakeland FL Health, Hospital, Nursing Home Revenue 5.000% 11/15/40       3,500      3,827
  Lakeland FL Health, Hospital, Nursing Home Revenue 5.000% 11/15/41       6,000      6,520
  Lakeland FL Health, Hospital, Nursing Home Revenue 5.000% 11/15/42       7,475      8,078
  Lakeland FL Health, Hospital, Nursing Home Revenue 5.000% 11/15/43       2,200      2,361
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Lakeland FL Health, Hospital, Nursing Home Revenue 5.000% 11/15/44       2,430      2,593
  Langley South Community Development District Special Assessment Revenue (Assessment Area One Project) 5.125%   5/1/44       2,000      1,990
  Lee County FL IDA Health, Hospital, Nursing Home Revenue 5.000%   4/1/27       2,250      2,341
  Lee County FL IDA Health, Hospital, Nursing Home Revenue 4.000% 11/15/29         515        518
  Lee County FL IDA Health, Hospital, Nursing Home Revenue 4.125% 11/15/29       2,160      2,167
  Lee County FL IDA Health, Hospital, Nursing Home Revenue 4.750% 11/15/29       1,000      1,003
  Lee County FL IDA Health, Hospital, Nursing Home Revenue 4.000% 11/15/31       1,770      1,779
  Lee County FL IDA Health, Hospital, Nursing Home Revenue 4.000% 11/15/32         575        577
  Lee County FL IDA Health, Hospital, Nursing Home Revenue 5.000%   4/1/35       4,500      4,720
  Lee County FL IDA Health, Hospital, Nursing Home Revenue 5.000%   4/1/36       5,695      5,958
  Lee County FL IDA Health, Hospital, Nursing Home Revenue 5.000%   4/1/37       3,000      3,130
  Lee County FL IDA Health, Hospital, Nursing Home Revenue 5.000% 11/15/44       4,875      5,056
  Lee County FL IDA Health, Hospital, Nursing Home Revenue (Shell Point/Waterside Health Project) 5.000% 11/15/39       1,000      1,033
  Lee County Housing Finance Authority Local or Guaranteed Housing Revenue 4.550%   1/1/40       3,332      3,426
  Lee County School Board COP 5.000%   8/1/27       5,010      5,055
  Lee County School Board COP 5.000%   8/1/28       4,080      4,086
  Lee County School Board COP 5.000%   8/1/34       3,500      3,590
  Lee County School Board COP 5.000%   8/1/35       4,270      4,380
  Lee County School Board COP 5.000%   8/1/38       1,000      1,101
  Manatee County FL (Conservation & Park Project) GO 5.000%   5/1/43       2,090      2,259
3 Marion County School Board COP 5.000%   6/1/41      10,000     10,962
3 Marion County School Board COP 5.000%   6/1/42      10,000     10,907
3 Marion County School Board COP 5.000%   6/1/43       7,000      7,593
3 Marion County School Board COP 5.250%   6/1/44      18,000     19,790
  Miami Beach FL GO 3.000%   5/1/32       4,440      4,274
  Miami Beach FL GO 3.000%   5/1/33       2,340      2,229
  Miami Beach FL GO 5.000%   5/1/34       2,920      3,129
  Miami Beach FL GO 5.000%   5/1/35       4,000      4,273
  Miami Beach FL GO 5.000%   5/1/36       2,700      2,873
  Miami Beach FL GO 5.000%   5/1/37       5,695      6,035
  Miami Beach FL GO 5.000%   5/1/38       5,980      6,298
  Miami Beach FL Miscellaneous Taxes Revenue 5.000%   9/1/28       1,910      1,932
  Miami Beach FL Miscellaneous Taxes Revenue 5.000%   9/1/29       2,015      2,037
  Miami Beach FL Miscellaneous Taxes Revenue 5.000%   9/1/30       1,860      1,880
  Miami Beach FL Miscellaneous Taxes Revenue 5.000%   9/1/32       1,335      1,349
  Miami Beach FL Miscellaneous Taxes Revenue 5.000%   9/1/34       2,500      2,525
  Miami Beach FL Miscellaneous Taxes Revenue 5.000%   9/1/35       4,400      4,441
  Miami Beach FL Stormwater Sewer Revenue 5.000%   9/1/26       1,560      1,609
  Miami Beach FL Stormwater Sewer Revenue 5.000%   9/1/28       1,695      1,779
  Miami Beach FL Stormwater Sewer Revenue 5.000%   9/1/29       3,920      4,108
  Miami Beach FL Stormwater Sewer Revenue 4.000%   9/1/30       3,250      3,341
  Miami Beach FL Stormwater Sewer Revenue 4.000%   9/1/31       2,500      2,565
  Miami Beach FL Stormwater Sewer Revenue 4.000%   9/1/32       2,230      2,282
  Miami Beach FL Stormwater Sewer Revenue 4.000%   9/1/33       2,400      2,447
  Miami Beach FL Stormwater Sewer Revenue 4.000%   9/1/34       2,555      2,597
  Miami Beach FL Stormwater Sewer Revenue 4.000%   9/1/35       2,760      2,800
  Miami Beach FL Water & Sewer Water Revenue 5.000%   9/1/28         720        760
  Miami Beach FL Water & Sewer Water Revenue 5.000%   9/1/29       1,000      1,056
  Miami Beach FL Water & Sewer Water Revenue 5.000%   9/1/30       1,215      1,277
  Miami Beach Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/29         825        825
  Miami Beach Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/30       1,000      1,001
  Miami Beach Redevelopment Agency Tax Increment/Allocation Revenue 5.000%   2/1/34       4,000      4,015
  Miami Beach Redevelopment Agency Tax Increment/Allocation Revenue 5.000%   2/1/35       5,200      5,219
  Miami FL Ad Valorem Property Tax Revenue (Miami Forever Infrastructure Program) 5.000%   1/1/43       8,005      8,687
  Miami FL Ad Valorem Property Tax Revenue (Miami Forever Infrastructure Program) 5.000%   1/1/44       2,820      3,049
1 Miami FL Parking System Auto Parking Revenue 5.000%  10/1/30       2,630      2,863
1 Miami FL Parking System Auto Parking Revenue 5.000%  10/1/31       2,765      2,998
1 Miami FL Parking System Auto Parking Revenue 4.000%  10/1/33       1,520      1,553
3,4 Miami FL Special Obligation Revenue (Street & Sidewalk Improvement Project) 5.000%   1/1/27       1,430      1,480
3,4 Miami FL Special Obligation Revenue (Street & Sidewalk Improvement Project) 5.000%   1/1/28       3,010      3,162
3,4 Miami FL Special Obligation Revenue (Street & Sidewalk Improvement Project) 5.000%   1/1/29       3,160      3,326
3,4 Miami FL Special Obligation Revenue (Street & Sidewalk Improvement Project) 5.000%   1/1/31       3,495      3,662
3,4 Miami FL Special Obligation Revenue (Street & Sidewalk Improvement Project) 5.000%   1/1/33       3,865      4,021
3,4 Miami FL Special Obligation Revenue (Street & Sidewalk Improvement Project) 5.000%   1/1/34       4,060      4,225
3,4 Miami FL Special Obligation Revenue (Street & Sidewalk Improvement Project) 5.000%   1/1/35       2,000      2,084
  Miami FL Special Obligation Revenue (Street & Sidewalk Improvement Project) 5.000%   3/1/36       1,735      1,937
  Miami FL Special Obligation Revenue (Street & Sidewalk Improvement Project) 5.000%   3/1/37       1,250      1,390
  Miami FL Special Obligation Revenue (Street & Sidewalk Improvement Project) 5.000%   3/1/38       1,500      1,660
  Miami FL Special Obligation Revenue (Street & Sidewalk Improvement Project) 5.000%   3/1/40       4,235      4,622
  Miami FL Special Obligation Revenue (Street & Sidewalk Improvement Project) 5.000%   3/1/41       5,450      5,917
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Miami FL Special Obligation Revenue (Street & Sidewalk Improvement Project) 5.000%   3/1/42       5,880      6,359
  Miami FL Special Obligation Revenue (Street & Sidewalk Improvement Project) 5.000%   3/1/43       4,000      4,308
  Miami-Dade County Educational Facilities Authority College & University Revenue 5.000%   4/1/33       6,780      7,618
  Miami-Dade County Educational Facilities Authority College & University Revenue 5.000%   4/1/33      10,540     11,843
  Miami-Dade County Educational Facilities Authority College & University Revenue 5.000%   4/1/34       2,500      2,508
  Miami-Dade County Educational Facilities Authority College & University Revenue 5.000%   4/1/34      10,215     11,550
  Miami-Dade County Educational Facilities Authority College & University Revenue 5.000%   4/1/34       9,635     10,894
  Miami-Dade County Educational Facilities Authority College & University Revenue 5.000%   4/1/35      10,000     11,378
  Miami-Dade County Educational Facilities Authority College & University Revenue 5.250%   4/1/41      10,000     11,129
  Miami-Dade County Educational Facilities Authority College & University Revenue 5.000%   4/1/44       8,000      8,606
  Miami-Dade County Educational Facilities Authority College & University Revenue 5.250%   4/1/44      10,000     10,963
  Miami-Dade County Educational Facilities Authority College & University Revenue 5.000%   4/1/45       8,000      8,554
  Miami-Dade County Educational Facilities Authority College & University Revenue 5.250%   4/1/45       5,000      5,449
  Miami-Dade County Expressway Authority Highway Revenue 5.000%   7/1/26       3,420      3,425
  Miami-Dade County Expressway Authority Highway Revenue 5.000%   7/1/27       3,470      3,476
  Miami-Dade County Expressway Authority Highway Revenue 5.000%   7/1/27       1,245      1,247
  Miami-Dade County Expressway Authority Highway Revenue 5.000%   7/1/28       1,885      1,933
  Miami-Dade County Expressway Authority Highway Revenue 5.000%   7/1/29       2,150      2,202
  Miami-Dade County Expressway Authority Highway Revenue 5.000%   7/1/30       1,690      1,693
  Miami-Dade County Expressway Authority Highway Revenue 5.000%   7/1/31       2,000      2,003
  Miami-Dade County Expressway Authority Highway Revenue 5.000%   7/1/32       1,000      1,021
  Miami-Dade County Expressway Authority Highway Revenue 5.000%   7/1/32       2,550      2,554
  Miami-Dade County Expressway Authority Highway Revenue 5.000%   7/1/33       6,450      6,459
  Miami-Dade County Expressway Authority Highway Revenue 5.000%   7/1/39         625        626
  Miami-Dade County FL (Building Better Communities Program) GO 5.000%   7/1/34       1,705      1,748
  Miami-Dade County FL (Building Better Communities Program) GO 5.000%   7/1/35      15,390     15,767
  Miami-Dade County FL (Building Better Communities Program) GO 5.000%   7/1/35       8,210      8,411
  Miami-Dade County FL (Building Better Communities Program) GO 5.000%   7/1/36      14,000     14,334
  Miami-Dade County FL (Building Better Communities Program) GO 5.000%   7/1/36       8,620      8,825
  Miami-Dade County FL (Building Better Communities Program) GO 4.000%   7/1/42       1,820      1,807
  Miami-Dade County FL (Public Health Trust Program) GO 4.000%   7/1/33       6,785      6,936
  Miami-Dade County FL Aviation Port, Airport & Marina Revenue 5.000%  10/1/28         440        471
  Miami-Dade County FL Aviation Port, Airport & Marina Revenue 5.000%  10/1/30       6,795      6,973
  Miami-Dade County FL Aviation Port, Airport & Marina Revenue 5.000%  10/1/30         485        535
  Miami-Dade County FL Aviation Port, Airport & Marina Revenue 5.000%  10/1/33       5,150      5,610
  Miami-Dade County FL Aviation Port, Airport & Marina Revenue 4.000%  10/1/34       1,615      1,650
  Miami-Dade County FL Aviation Port, Airport & Marina Revenue 5.000%  10/1/34       4,005      4,096
  Miami-Dade County FL Aviation Port, Airport & Marina Revenue 4.000%  10/1/35       3,100      3,157
  Miami-Dade County FL Aviation Port, Airport & Marina Revenue 5.000%  10/1/35       2,880      2,943
  Miami-Dade County FL Aviation Port, Airport & Marina Revenue 4.000%  10/1/36       1,260      1,277
  Miami-Dade County FL Aviation Port, Airport & Marina Revenue 4.000%  10/1/37       4,250      4,268
  Miami-Dade County FL Aviation Port, Airport & Marina Revenue 4.000%  10/1/38       4,250      4,242
  Miami-Dade County FL GO 5.000%   7/1/29       5,100      5,256
  Miami-Dade County FL GO 3.000%   7/1/32       9,740      9,324
  Miami-Dade County FL GO 5.000%   7/1/32       1,055      1,064
  Miami-Dade County FL GO 3.000%   7/1/33      10,030      9,532
  Miami-Dade County FL GO 5.000%   7/1/33       4,710      5,096
  Miami-Dade County FL GO 5.000%   7/1/37       5,000      5,102
  Miami-Dade County FL GO 5.000%   7/1/38       5,020      5,118
  Miami-Dade County FL GO 5.000%   7/1/39       6,485      6,807
  Miami-Dade County FL GO 5.000%   7/1/41       2,170      2,287
  Miami-Dade County FL GO 5.000%   7/1/44       5,000      5,199
  Miami-Dade County FL Special Obligation Revenue 0.000%  10/1/29       5,000      4,287
  Miami-Dade County FL Special Obligation Revenue 5.000%  10/1/29       2,500      2,583
  Miami-Dade County FL Special Obligation Revenue 4.000%   4/1/30      12,555     12,716
  Miami-Dade County FL Special Obligation Revenue 4.000%   4/1/31      11,270     11,385
  Miami-Dade County FL Special Obligation Revenue 0.000%  10/1/31       2,155      1,715
  Miami-Dade County FL Special Obligation Revenue 5.000%   4/1/32       3,285      3,533
  Miami-Dade County FL Special Obligation Revenue 0.000%  10/1/32       2,890      2,208
  Miami-Dade County FL Special Obligation Revenue 4.000%   4/1/34       3,150      3,299
  Miami-Dade County FL Special Obligation Revenue 5.000%   4/1/34       3,625      3,881
  Miami-Dade County FL Special Obligation Revenue 5.000%   4/1/34       4,915      5,260
  Miami-Dade County FL Special Obligation Revenue 0.000%  10/1/34       2,640      1,852
  Miami-Dade County FL Special Obligation Revenue 5.000%   4/1/35       5,675      6,052
  Miami-Dade County FL Special Obligation Revenue 4.000%   4/1/36       3,405      3,490
  Miami-Dade County FL Special Obligation Revenue 5.000%   4/1/36       5,955      6,337
  Miami-Dade County FL Special Obligation Revenue 5.000%   4/1/37       3,195      3,391
  Miami-Dade County FL Special Obligation Revenue 5.000%   4/1/37       5,000      5,307
1 Miami-Dade County FL Special Obligation Revenue 0.000%  10/1/37       3,000      1,853
  Miami-Dade County FL Special Obligation Revenue 5.000%   4/1/38       4,405      4,656
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Miami-Dade County FL Special Obligation Revenue 5.000%   4/1/38       6,565      6,938
  Miami-Dade County FL Special Obligation Revenue 0.000%  10/1/38      27,735     15,964
  Miami-Dade County FL Special Obligation Revenue 5.000%   4/1/39       4,625      4,867
  Miami-Dade County FL Special Obligation Revenue 5.000%   4/1/39       6,895      7,256
  Miami-Dade County FL Special Obligation Revenue 0.000%  10/1/39      18,250      9,928
  Miami-Dade County FL Special Obligation Revenue 5.000%   4/1/40       7,650      8,349
  Miami-Dade County FL Special Obligation Revenue 0.000%  10/1/40       6,610      3,394
  Miami-Dade County FL Special Obligation Revenue 5.000%   4/1/41       8,035      8,705
  Miami-Dade County FL Special Obligation Revenue 0.000%  10/1/41       4,100      1,992
  Miami-Dade County FL Special Obligation Revenue 4.000%   4/1/42       7,295      7,222
  Miami-Dade County FL Special Obligation Revenue 5.000%   4/1/42       8,435      9,097
  Miami-Dade County FL Special Obligation Revenue 0.000%  10/1/42       1,795        825
  Miami-Dade County FL Special Obligation Revenue 5.000%   4/1/43       5,000      5,366
  Miami-Dade County FL Special Obligation Revenue 5.000%   4/1/44       9,300      9,921
  Miami-Dade County FL Special Obligation Revenue 0.000%  10/1/44       5,000      2,057
  Miami-Dade County FL Special Obligation Revenue 0.000%  10/1/45       2,500        973
  Miami-Dade County FL Transit System Sales Tax Revenue 4.000%   7/1/30      10,965     11,069
  Miami-Dade County FL Transit System Sales Tax Revenue 4.000%   7/1/31      10,000     10,093
  Miami-Dade County FL Transit System Sales Tax Revenue 5.000%   7/1/43       2,000      2,067
  Miami-Dade County FL Transit System Sales Tax Revenue 5.000%   7/1/43       5,000      5,333
  Miami-Dade County FL Transit System Sales Tax Revenue 5.000%   7/1/45       5,000      5,294
  Miami-Dade County FL Transit System Sales Tax Revenue 5.000%   7/1/47       5,750      6,061
  Miami-Dade County FL Water & Sewer System Water Revenue 5.000%  10/1/30      10,000     11,071
  Miami-Dade County FL Water & Sewer System Water Revenue 5.000%  10/1/31      10,000     11,213
  Miami-Dade County FL Water & Sewer System Water Revenue 4.000%  10/1/34      11,000     11,190
  Miami-Dade County FL Water & Sewer System Water Revenue 4.000%  10/1/34       5,260      5,438
  Miami-Dade County FL Water & Sewer System Water Revenue 4.000%  10/1/35      10,020     10,182
  Miami-Dade County FL Water & Sewer System Water Revenue 4.000%  10/1/35       7,000      7,211
  Miami-Dade County FL Water & Sewer System Water Revenue 3.000%  10/1/36       2,650      2,451
  Miami-Dade County FL Water & Sewer System Water Revenue 4.000%  10/1/36       8,025      8,144
  Miami-Dade County FL Water & Sewer System Water Revenue 5.000%  10/1/36       3,225      3,387
  Miami-Dade County FL Water & Sewer System Water Revenue 4.000%  10/1/37      11,510     11,655
  Miami-Dade County FL Water & Sewer System Water Revenue 4.000%  10/1/37       7,765      7,957
  Miami-Dade County FL Water & Sewer System Water Revenue 5.000%  10/1/37       5,370      5,619
  Miami-Dade County FL Water & Sewer System Water Revenue 5.000%  10/1/38       4,720      4,945
  Miami-Dade County FL Water & Sewer System Water Revenue 4.000%  10/1/39       4,285      4,281
  Miami-Dade County FL Water & Sewer System Water Revenue 3.000%  10/1/40       2,395      2,102
  Miami-Dade County FL Water & Sewer System Water Revenue 5.000%  10/1/40       2,250      2,481
  Miami-Dade County FL Water & Sewer System Water Revenue 4.000%  10/1/41       5,330      5,272
  Miami-Dade County FL Water & Sewer System Water Revenue 5.000%  10/1/41       2,500      2,740
  Miami-Dade County FL Water & Sewer System Water Revenue 5.000%  10/1/42       3,305      3,607
1,3 Miami-Dade County FL Water & Sewer System Water Revenue 3.000%  10/1/43       5,065      4,359
  Miami-Dade County FL Water & Sewer System Water Revenue 5.000%  10/1/43      18,845     19,426
  Miami-Dade County FL Water & Sewer System Water Revenue 5.000%  10/1/44       1,885      1,952
  Miami-Dade County FL Water & Sewer System Water Revenue 5.000%  10/1/46       2,265      2,363
  Miami-Dade County Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/31         500        551
  Miami-Dade County Health Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%   8/1/32       1,000      1,023
  Miami-Dade County Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/35       1,020      1,048
  Miami-Dade County Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/37       1,000      1,023
  Miami-Dade County Housing Finance Authority Local or Guaranteed Housing Revenue (Riverwalk I Apartment Project) 4.200%  10/1/40       1,677      1,643
  Miami-Dade County Housing Finance Authority Local or Guaranteed Housing Revenue PUT 5.000%   9/1/25       1,500      1,515
  Miami-Dade County Housing Finance Authority Local or Guaranteed Housing Revenue PUT 5.000%  10/1/25       3,180      3,217
  Miami-Dade County Housing Finance Authority Local or Guaranteed Housing Revenue PUT 3.400%   1/1/28       8,065      8,040
  Miami-Dade County IDA Local or Guaranteed Housing Revenue 5.000%   6/1/30       3,400      3,368
  Miami-Dade County IDA Local or Guaranteed Housing Revenue 5.000%   6/1/40       3,450      3,301
  Miami-Dade County School Board COP 5.000%  11/1/27      10,000     10,001
  Miami-Dade County School Board COP 5.000%  11/1/28      10,045     10,046
  Miami-Dade County School Board COP 5.000%  11/1/29      10,000     10,001
  Miami-Dade County School Board GO 5.000%  3/15/35       1,130      1,152
  Miami-Dade County Seaport Department Port, Airport & Marina Revenue 4.000%  10/1/38       4,195      4,243
  Miami-Dade County Seaport Department Port, Airport & Marina Revenue 4.000%  10/1/39       1,080      1,088
  Miami-Dade County Seaport Department Port, Airport & Marina Revenue 4.000%  10/1/40       9,210      9,228
  Miami-Dade County Seaport Department Port, Airport & Marina Revenue 4.000%  10/1/43       7,000      6,749
  Mid-Bay Bridge Authority Highway Revenue 5.000%  10/1/25       1,250      1,263
  Mid-Bay Bridge Authority Highway Revenue 5.000%  10/1/30       2,750      2,773
  Mid-Bay Bridge Authority Highway Revenue 5.000%  10/1/35      11,265     11,342
  Mirada Community Development District Special Assessment Revenue 5.000%   5/1/34         845        851
  Mirada Community Development District Special Assessment Revenue 5.625%   5/1/44       1,250      1,254
4 Normandy Community Development District Special Assessment Revenue 5.300%   5/1/44       1,500      1,463
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  North AR-1 Pasco Community Development District Special Assessment Revenue 5.750%   5/1/44       1,225      1,240
  North Broward Hospital District Health, Hospital, Nursing Home Revenue 5.000%   1/1/27       5,000      5,139
  North Broward Hospital District Health, Hospital, Nursing Home Revenue 5.000%   1/1/28       5,200      5,414
  North Broward Hospital District Health, Hospital, Nursing Home Revenue 5.000%   1/1/30       5,000      5,190
  North Broward Hospital District Health, Hospital, Nursing Home Revenue 5.000%   1/1/31       5,000      5,187
  North Broward Hospital District Health, Hospital, Nursing Home Revenue 5.000%   1/1/32       4,535      4,697
  North Broward Hospital District Health, Hospital, Nursing Home Revenue 5.000%   1/1/34       3,955      4,085
  North Sumter County Utility Dependent District Resource Recovery Revenue 5.000%  10/1/32       1,870      2,097
  North Sumter County Utility Dependent District Resource Recovery Revenue 4.000%  10/1/34       2,040      2,115
  North Sumter County Utility Dependent District Resource Recovery Revenue 4.000%  10/1/36       2,210      2,254
  North Sumter County Utility Dependent District Resource Recovery Revenue 4.000%  10/1/38       2,385      2,414
  North Sumter County Utility Dependent District Resource Recovery Revenue 4.000%  10/1/39       2,485      2,505
  North Sumter County Utility Dependent District Resource Recovery Revenue 4.000%  10/1/40       2,580      2,587
  North Sumter County Utility Dependent District Resource Recovery Revenue 4.000%  10/1/41       2,685      2,680
  North Sumter County Utility Dependent District Water Revenue 5.000%  10/1/29       1,000      1,070
  North Sumter County Utility Dependent District Water Revenue 5.000%  10/1/33       5,350      5,798
  North Sumter County Utility Dependent District Water Revenue 5.000%  10/1/35       5,900      6,400
  North Sumter County Utility Dependent District Water Revenue 5.000%  10/1/36       6,195      6,716
3 North Sumter County Utility Dependent District Water Revenue 4.000%  10/1/37       2,000      2,027
  North Sumter County Utility Dependent District Water Revenue 5.000%  10/1/37       4,000      4,287
3 North Sumter County Utility Dependent District Water Revenue 4.000%  10/1/38       2,000      2,038
  North Sumter County Utility Dependent District Water Revenue 5.000%  10/1/38       6,830      7,279
3 North Sumter County Utility Dependent District Water Revenue 4.000%  10/1/39       1,375      1,394
  North Sumter County Utility Dependent District Water Revenue 5.000%  10/1/39       7,165      7,586
  North Sumter County Utility Dependent District Water Revenue 5.000%  10/1/43      31,450     32,714
8 Okaloosa County School Board COP 5.000%  10/1/42       4,050      4,402
8 Okaloosa County School Board COP 5.000%  10/1/43       4,035      4,366
3 Okaloosa Gas District Natural Gas Revenue 5.000%  10/1/32       4,455      4,998
3 Okaloosa Gas District Natural Gas Revenue 5.000%  10/1/33       2,825      3,203
  Okeechobee County FL Resource Recovery Revenue PUT 3.800%   7/2/29       1,915      1,927
  Orange County Convention Center Miscellaneous Taxes Revenue 5.000%  10/1/27       2,165      2,280
  Orange County Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/26       7,930      8,193
  Orange County Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/29         460        486
  Orange County Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/29       3,055      3,147
  Orange County Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/30         480        511
  Orange County Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/30       1,500      1,544
  Orange County Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/31         755        809
  Orange County Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/31       1,650      1,830
  Orange County Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/32       1,585      1,703
  Orange County Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/32       2,000      2,235
  Orange County Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/33       1,665      1,796
  Orange County Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/33       5,185      5,319
  Orange County Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/34       1,750      1,888
  Orange County Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/35       6,415      6,560
  Orange County Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/35       1,000      1,119
  Orange County Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/36       5,000      5,107
  Orange County Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/37       1,000      1,107
  Orange County Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/39       1,500      1,641
  Orange County Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/40       2,055      2,157
  Orange County Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/40       1,400      1,525
  Orange County Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/41       2,250      2,431
  Orange County Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/41       2,500      2,737
  Orange County Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/42       1,250      1,341
  Orange County Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/45       4,875      5,170
  Orange County Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/46       3,135      3,309
4,5 Orange County Health Facilities Authority Health, Hospital, Nursing Home Revenue TOB VRDO 2.200%   2/3/25      52,720     52,720
  Orange County Housing Finance Authority Local or Guaranteed Housing Revenue PUT 3.350%   7/1/28      10,920     10,887
  Orange County School Board COP, Prere. 5.000%   8/1/26      21,500     22,162
  Orlando FL Miscellaneous Revenue 5.000%  10/1/37       3,000      3,161
  Orlando FL Miscellaneous Revenue 5.000%  10/1/38       3,030      3,186
3 Orlando FL Tourist Development Tax Intergovernmental Agreement Revenue 5.000%  11/1/26       2,285      2,353
3 Orlando FL Tourist Development Tax Intergovernmental Agreement Revenue 5.000%  11/1/27       1,325      1,381
3 Orlando FL Tourist Development Tax Intergovernmental Agreement Revenue 5.000%  11/1/28       2,010      2,112
3 Orlando FL Tourist Development Tax Intergovernmental Agreement Revenue 5.000%  11/1/29       2,020      2,121
3 Orlando FL Tourist Development Tax Intergovernmental Agreement Revenue 5.000%  11/1/31       5,425      5,678
3 Orlando FL Tourist Development Tax Intergovernmental Agreement Revenue 5.000%  11/1/33       2,095      2,179
3 Orlando FL Tourist Development Tax Intergovernmental Agreement Revenue 5.000%  11/1/34       5,000      5,194
3 Orlando FL Tourist Development Tax Intergovernmental Agreement Revenue 5.000%  11/1/35       3,125      3,239
3 Orlando FL Tourist Development Tax Intergovernmental Agreement Revenue 5.000%  11/1/37       2,020      2,084
  Orlando Utilities Commission Electric Power & Light Revenue 5.000%  10/1/29       1,505      1,560
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
6 Orlando Utilities Commission Electric Power & Light Revenue 5.000%  10/1/32       1,000      1,137
6 Orlando Utilities Commission Electric Power & Light Revenue 5.000%  10/1/32       3,000      3,412
  Orlando Utilities Commission Electric Power & Light Revenue 5.000%  10/1/33         650        747
6 Orlando Utilities Commission Electric Power & Light Revenue 5.000%  10/1/33       1,000      1,149
6 Orlando Utilities Commission Electric Power & Light Revenue 5.000%  10/1/33       2,000      2,298
  Orlando Utilities Commission Electric Power & Light Revenue 5.000%  10/1/34       1,100      1,276
  Orlando Utilities Commission Electric Power & Light Revenue 5.000%  10/1/34       3,500      4,059
6 Orlando Utilities Commission Electric Power & Light Revenue 5.000%  10/1/34       1,110      1,287
6 Orlando Utilities Commission Electric Power & Light Revenue 5.000%  10/1/34       5,000      5,796
  Orlando Utilities Commission Electric Power & Light Revenue 5.000%  10/1/35       1,000      1,151
6 Orlando Utilities Commission Electric Power & Light Revenue 5.000%  10/1/35       1,600      1,841
6 Orlando Utilities Commission Electric Power & Light Revenue 5.000%  10/1/35       5,000      5,753
6 Orlando Utilities Commission Electric Power & Light Revenue 5.000%  10/1/36       1,000      1,144
6 Orlando Utilities Commission Electric Power & Light Revenue 5.000%  10/1/37       1,000      1,136
  Orlando Utilities Commission Electric Power & Light Revenue 5.000%  10/1/38       2,035      2,298
6 Orlando Utilities Commission Electric Power & Light Revenue 5.000%  10/1/38       1,000      1,129
6 Orlando Utilities Commission Electric Power & Light Revenue 5.000%  10/1/39         920      1,035
6 Orlando Utilities Commission Electric Power & Light Revenue 5.000%  10/1/40       1,200      1,339
6 Orlando Utilities Commission Electric Power & Light Revenue 5.000%  10/1/41       1,700      1,882
  Orlando Utilities Commission Electric Power & Light Revenue 5.000%  10/1/42       1,250      1,370
6 Orlando Utilities Commission Electric Power & Light Revenue 5.000%  10/1/42       1,835      2,011
  Orlando Utilities Commission Electric Power & Light Revenue 5.000%  10/1/43       1,000      1,091
6 Orlando Utilities Commission Electric Power & Light Revenue 5.000%  10/1/43       1,345      1,467
  Orlando Utilities Commission Electric Power & Light Revenue 5.000%  10/1/44       1,000      1,086
  Orlando Utilities Commission Electric Power & Light Revenue PUT 1.250%  10/1/28      25,240     22,648
  Orlando Utilities Commission Water Revenue 5.000%  10/1/37       1,100      1,239
  Orlando Utilities Commission Water Revenue 5.000%  10/1/38       1,000      1,121
  Osceola County Expressway Authority Highway Revenue, ETM 5.550%  10/1/29       1,000      1,110
  Osceola County Expressway Authority Highway Revenue, ETM 5.650%  10/1/30       1,400      1,589
  Osceola County Expressway Authority Highway Revenue, ETM 5.750%  10/1/31       1,625      1,885
  Osceola County Expressway Authority Highway Revenue, Prere. 5.800%  10/1/31       2,060      2,395
  Osceola County Expressway Authority Highway Revenue, Prere. 5.900%  10/1/31       3,000      3,506
  Osceola County FL Transportation Highway Revenue 0.000%  10/1/28       1,000        871
  Osceola County FL Transportation Highway Revenue 0.000%  10/1/29       1,410      1,180
  Osceola County FL Transportation Highway Revenue 5.000%  10/1/29         500        532
  Osceola County FL Transportation Highway Revenue 0.000%  10/1/30       1,500      1,203
  Osceola County FL Transportation Highway Revenue 5.000%  10/1/30         600        636
  Osceola County FL Transportation Highway Revenue 0.000%  10/1/31       1,990      1,527
  Osceola County FL Transportation Highway Revenue 5.000%  10/1/31       1,765      1,869
  Osceola County FL Transportation Highway Revenue 0.000%  10/1/32       2,400      1,762
  Osceola County FL Transportation Highway Revenue 5.000%  10/1/32         900        953
  Osceola County FL Transportation Highway Revenue 0.000%  10/1/33       3,670      2,577
  Osceola County FL Transportation Highway Revenue 5.000%  10/1/33         950      1,005
  Osceola County FL Transportation Highway Revenue 5.000%  10/1/34       1,300      1,375
  Osceola County FL Transportation Highway Revenue 5.000%  10/1/35       1,300      1,374
  Osceola County FL Transportation Highway Revenue 0.000%  10/1/36       2,535      1,548
  Osceola County FL Transportation Highway Revenue 5.000%  10/1/36         700        739
  Osceola County FL Transportation Highway Revenue 0.000%  10/1/37       2,850      1,650
  Osceola County FL Transportation Highway Revenue 5.000%  10/1/37       1,440      1,515
  Osceola County FL Transportation Highway Revenue 0.000%  10/1/38       3,250      1,783
  Osceola County FL Transportation Highway Revenue 5.000%  10/1/38       1,705      1,787
  Osceola County FL Transportation Highway Revenue 5.000%  10/1/39       1,200      1,254
  Palm Beach County Educational Facilities Authority College & University Revenue 5.000%  10/1/43       3,010      3,046
  Palm Beach County FL Appropriations Revenue 5.000%   5/1/33       6,000      6,142
  Palm Beach County FL Appropriations Revenue 5.000%   5/1/37       7,910      8,078
  Palm Beach County FL Local or Guaranteed Housing Revenue (Lynn University Housing Project) 6.000%   6/1/44      11,465     11,429
  Palm Beach County Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/30         600        644
  Palm Beach County Health Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%   6/1/31       1,350      1,324
  Palm Beach County Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/31         600        640
  Palm Beach County Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/32       1,035      1,099
  Palm Beach County Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/33       1,000      1,059
  Palm Beach County Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/34       1,100      1,161
  Palm Beach County Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/35       1,510      1,590
  Palm Beach County Health Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%   6/1/36       1,740      1,647
  Palm Beach County Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/36       1,260      1,323
  Palm Beach County Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  5/15/37       1,125      1,140
  Palm Beach County Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/37       1,295      1,355
  Palm Beach County Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/38       2,365      2,465
  Palm Beach County Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/39       1,750      1,818
  Palm Beach County Health Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%   6/1/41         490        441
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Palm Beach County Health Facilities Authority Health, Hospital, Nursing Home Revenue 3.000%  8/15/44       2,385      1,901
  Palm Beach County Health Facilities Authority Health, Hospital, Nursing Home Revenue (Jupiter Medical Center Project) 5.000%  11/1/32         260        280
  Palm Beach County Health Facilities Authority Health, Hospital, Nursing Home Revenue (Jupiter Medical Center Project) 5.000%  11/1/35         800        844
  Palm Beach County Health Facilities Authority Health, Hospital, Nursing Home Revenue (Jupiter Medical Center Project) 5.000%  11/1/37         770        803
  Palm Beach County Health Facilities Authority Health, Hospital, Nursing Home Revenue (Jupiter Medical Center Project) 5.000%  11/1/38         435        451
  Palm Beach County Health Facilities Authority Health, Hospital, Nursing Home Revenue (Jupiter Medical Center Project) 5.000%  11/1/39         400        413
  Palm Beach County Health Facilities Authority Health, Hospital, Nursing Home Revenue (Jupiter Medical Center Project) 5.000%  11/1/40         400        411
  Palm Beach County Health Facilities Authority Health, Hospital, Nursing Home Revenue (Jupiter Medical Center Project) 5.000%  11/1/41         420        430
  Palm Beach County Health Facilities Authority Health, Hospital, Nursing Home Revenue (Jupiter Medical Center Project) 5.000%  11/1/42         560        571
  Palm Beach County School District COP 5.000%   8/1/29       3,595      3,625
  Palm Beach County School District COP 5.000%   8/1/31      10,660     10,746
  Palm Beach County School District COP 5.000%   8/1/32       3,445      3,471
  Palm Beach County School District COP 5.000%   8/1/32      12,010     12,102
  Palm Beach County School District COP 5.000%   8/1/38       2,500      2,773
  Palm Beach County School District COP 5.000%   8/1/39       2,070      2,281
  Palm Beach County School District COP 5.000%   8/1/40       4,000      4,348
  Panama City Beach FL Tax Increment/Allocation Revenue (Front Beach Road Project) 5.000%  11/1/34       1,000      1,093
  Panama City Beach FL Tax Increment/Allocation Revenue (Front Beach Road Project) 5.000%  11/1/37         530        567
  Panama City Beach FL Tax Increment/Allocation Revenue (Front Beach Road Project) 5.000%  11/1/38         500        532
  Panama City Beach FL Tax Increment/Allocation Revenue (Front Beach Road Project) 5.000%  11/1/39       1,000      1,057
  Parrish Lakes Community Development District Special Assessment Revenue 5.500%   5/1/44         990        987
4 Pasco County FL Health, Hospital, Nursing Home Revenue (H. Lee Moffitt Cancer Center Project) 5.000%   7/1/30      37,500     40,604
3 Pasco County FL Intergovernmental Agreement Revenue (H. Lee Moffitt Cancer Center Project) 5.250%   9/1/31       4,000      4,447
3 Pasco County FL Intergovernmental Agreement Revenue (H. Lee Moffitt Cancer Center Project) 5.250%   9/1/32       4,000      4,485
3 Pasco County FL Intergovernmental Agreement Revenue (H. Lee Moffitt Cancer Center Project) 5.250%   9/1/33       4,245      4,765
3 Pasco County FL Intergovernmental Agreement Revenue (H. Lee Moffitt Cancer Center Project) 5.250%   9/1/34       5,000      5,591
3 Pasco County FL Intergovernmental Agreement Revenue (H. Lee Moffitt Cancer Center Project) 5.250%   9/1/35       5,000      5,586
3 Pasco County FL Intergovernmental Agreement Revenue (H. Lee Moffitt Cancer Center Project) 5.250%   9/1/36       4,420      4,923
3 Pasco County FL Intergovernmental Agreement Revenue (H. Lee Moffitt Cancer Center Project) 5.500%   9/1/37       1,720      1,934
3 Pasco County FL Intergovernmental Agreement Revenue (H. Lee Moffitt Cancer Center Project) 5.500%   9/1/38       1,365      1,523
3 Pasco County FL Intergovernmental Agreement Revenue (H. Lee Moffitt Cancer Center Project) 5.500%   9/1/39       1,860      2,062
3 Pasco County FL Intergovernmental Agreement Revenue (H. Lee Moffitt Cancer Center Project) 5.500%   9/1/40       3,490      3,850
3 Pasco County FL Intergovernmental Agreement Revenue (H. Lee Moffitt Cancer Center Project) 5.500%   9/1/41       3,000      3,288
3 Pasco County FL Intergovernmental Agreement Revenue (H. Lee Moffitt Cancer Center Project) 5.500%   9/1/42       6,330      6,913
3 Pasco County FL Intergovernmental Agreement Revenue (H. Lee Moffitt Cancer Center Project) 5.500%   9/1/43       6,680      7,252
  Pasco County FL Sales Tax Revenue 5.000%  10/1/42       2,220      2,434
  Pasco County FL Sales Tax Revenue 5.000%  10/1/43       2,350      2,558
  Pasco County FL Sales Tax Revenue 5.000%  10/1/44       2,275      2,467
  Peace River Manasota Regional Water Supply Authority Water Revenue 3.000%  10/1/36       2,000      1,866
  Peace River Manasota Regional Water Supply Authority Water Revenue 3.000%  10/1/37       3,190      2,940
  Pembroke Pines FL Miscellaneous Revenue 3.000%   7/1/36       4,825      4,431
4 Pinellas County Educational Facilities Authority Charter School Aid Revenue (Discovery Academy of Science Project) 4.000%   6/1/36       3,325      2,950
  Pinellas County IDA Miscellaneous Revenue 5.000%   7/1/39       1,380      1,387
  Pinellas County School Board (Master Lease Program) COP 4.000%   7/1/34       1,000      1,035
  Pinellas County School Board (Master Lease Program) COP 4.000%   7/1/37         500        514
  Pinellas County School Board (Master Lease Program) COP 4.000%   7/1/39         500        508
  Polk County FL Utility System Water Revenue 5.000%  10/1/37       1,810      1,968
  Port St. Lucie FL Utility System Water Revenue 5.000%   9/1/27         980      1,016
  Port St. Lucie FL Utility System Water Revenue 5.000%   9/1/28       3,160      3,267
  Port St. Lucie FL Utility System Water Revenue 5.000%   9/1/29       2,115      2,185
  Port St. Lucie FL Utility System Water Revenue 4.000%   9/1/30       2,210      2,229
  Sarasota County Public Hospital District Health, Hospital, Nursing Home Revenue (Sarasota Memorial Hospital Project) 5.000%   7/1/38      13,550     14,073
  Sarasota County School Board (Master Lease Program) COP 5.000%   7/1/26       2,260      2,328
  Sarasota County School Board (Master Lease Program) COP 5.000%   7/1/27       1,295      1,360
  Sarasota County School Board (Master Lease Program) COP 5.000%   7/1/28       2,000      2,136
  Sarasota County School Board (Master Lease Program) COP 5.000%   7/1/35       3,500      3,896
  Sarasota County School Board (Master Lease Program) COP 5.000%   7/1/36       3,220      3,583
  Sarasota County School Board (Master Lease Program) COP 5.000%   7/1/37       2,500      2,767
  Sarasota Water FL Utility System Water Revenue 5.250%  10/1/39       1,990      2,220
  Sarasota Water FL Utility System Water Revenue 5.250%  10/1/40       1,570      1,736
  Sarasota Water FL Utility System Water Revenue 5.250%  10/1/41       1,830      2,014
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Sarasota Water FL Utility System Water Revenue 5.000%  10/1/45       4,025      4,236
4 Seminole County IDA Charter School Aid Revenue (Galileo Schools for Gifted Learning Project) 4.000%  6/15/31         275        269
4 Seminole County IDA Charter School Aid Revenue (Galileo Schools for Gifted Learning Project) 4.000%  6/15/36         785        745
4 Seminole County IDA Charter School Aid Revenue (Galileo Schools for Gifted Learning Project) 4.000%  6/15/41         425        379
  Seminole County IDA Health, Hospital, Nursing Home Revenue (Legacy Pointe at UCF Project) 5.000% 11/15/29       2,000      1,992
  Seminole County IDA Health, Hospital, Nursing Home Revenue (Legacy Pointe at UCF Project) 5.250% 11/15/39       3,250      3,231
  South Broward Hospital District Health, Hospital, Nursing Home Revenue 4.000%   5/1/33      11,090     11,171
  South Florida Water Management District COP 5.000%  10/1/26       9,290      9,528
  South Miami Health Facilities Authority Inc. Health, Hospital, Nursing Home Revenue 5.000%  8/15/26       4,345      4,459
  South Miami Health Facilities Authority Inc. Health, Hospital, Nursing Home Revenue 5.000%  8/15/27       5,010      5,242
  South Miami Health Facilities Authority Inc. Health, Hospital, Nursing Home Revenue 5.000%  8/15/28       3,500      3,656
  South Miami Health Facilities Authority Inc. Health, Hospital, Nursing Home Revenue 5.000%  8/15/29       4,000      4,172
  South Miami Health Facilities Authority Inc. Health, Hospital, Nursing Home Revenue 4.000%  8/15/33       9,025      9,112
  South Miami Health Facilities Authority Inc. Health, Hospital, Nursing Home Revenue 5.000%  8/15/35      13,865     14,283
  South Miami Health Facilities Authority Inc. Health, Hospital, Nursing Home Revenue 5.000%  8/15/37       5,000      5,128
  South Miami Health Facilities Authority Inc. Health, Hospital, Nursing Home Revenue 4.000%  8/15/42       9,000      8,759
  St. Johns County IDA Health, Hospital, Nursing Home Revenue (Vicar'S Landing Project) 4.000% 12/15/29         670        646
  St. Johns County IDA Health, Hospital, Nursing Home Revenue (Vicar'S Landing Project) 4.000% 12/15/30         400        384
  St. Johns County IDA Health, Hospital, Nursing Home Revenue (Vicar'S Landing Project) 4.000% 12/15/31         620        591
  St. Johns County IDA Health, Hospital, Nursing Home Revenue (Vicar'S Landing Project) 4.000% 12/15/36       3,165      2,893
  St. Johns County IDA Health, Hospital, Nursing Home Revenue (Vicar'S Landing Project) 4.000% 12/15/41       4,230      3,632
3 St. Johns County School Board COP 5.000%   7/1/40       1,525      1,663
3 St. Johns County School Board COP 5.000%   7/1/42       5,860      6,332
3 St. Johns County School Board COP 5.000%   7/1/43       3,860      4,153
3 St. Johns County School Board COP 5.000%   7/1/44       2,710      2,906
  Sumter County FL IDA Health, Hospital, Nursing Home Revenue (Central Florida Health Alliance Project) 5.000%   7/1/28         500        501
  Sumter County FL IDA Health, Hospital, Nursing Home Revenue (Central Florida Health Alliance Project) 5.000%   7/1/29         500        501
  Sumter County FL IDA Health, Hospital, Nursing Home Revenue (Central Florida Health Alliance Project) 5.125%   7/1/34       1,135      1,136
  Tallahassee FL Energy System Electric Power & Light Revenue 5.000%  10/1/34       5,000      5,061
  Tallahassee FL Health, Hospital, Nursing Home Revenue (Tallahassee Memorial Healthcare Inc. Project) 5.000%  12/1/25       1,800      1,820
  Tallahassee FL Health, Hospital, Nursing Home Revenue (Tallahassee Memorial Healthcare Inc. Project) 5.000%  12/1/27       1,600      1,616
  Tallahassee FL Health, Hospital, Nursing Home Revenue (Tallahassee Memorial Healthcare Inc. Project) 5.000%  12/1/28       1,550      1,564
  Tampa Bay Water Revenue 5.000%  10/1/41       2,000      2,208
  Tampa Bay Water Revenue 5.000%  10/1/42       7,110      7,801
  Tampa Bay Water Revenue 5.000%  10/1/43       2,500      2,732
  Tampa Bay Water Revenue 5.000%  10/1/43       3,500      3,825
  Tampa Bay Water Revenue 5.000%  10/1/44       2,500      2,724
  Tampa Bay Water Revenue 5.000%  10/1/44       3,000      3,268
10 Tampa Bay Water Revenue, ETM 6.000%  10/1/29      10,010     11,172
  Tampa FL Appropriations Revenue 3.000%  10/1/34       4,730      4,488
  Tampa FL Appropriations Revenue 3.000%  10/1/35       2,870      2,701
  Tampa FL Appropriations Revenue 2.000%  10/1/38       3,620      2,691
  Tampa FL Appropriations Revenue 2.000%  10/1/39       4,815      3,492
  Tampa FL Appropriations Revenue 2.000%  10/1/40       5,125      3,652
  Tampa FL College & University Revenue (University of Tampa Project) 5.000%   4/1/26       1,400      1,404
  Tampa FL College & University Revenue (University of Tampa Project) 5.000%   4/1/30       1,650      1,654
  Tampa FL College & University Revenue (University of Tampa Project) 5.000%   4/1/32       1,880      1,884
  Tampa FL College & University Revenue (University of Tampa Project) 5.000%   4/1/33       2,340      2,345
  Tampa FL College & University Revenue (University of Tampa Project) 5.000%   4/1/34       2,505      2,510
  Tampa FL College & University Revenue (University of Tampa Project) 5.000%   4/1/35       1,680      1,683
  Tampa FL Health, Hospital, Nursing Home Revenue (H. Lee Moffitt Cancer Center Project) 5.000%   7/1/28         290        306
  Tampa FL Health, Hospital, Nursing Home Revenue (H. Lee Moffitt Cancer Center Project) 5.000%   7/1/29         300        321
  Tampa FL Health, Hospital, Nursing Home Revenue (H. Lee Moffitt Cancer Center Project) 5.000%   7/1/30         575        623
  Tampa FL Health, Hospital, Nursing Home Revenue (H. Lee Moffitt Cancer Center Project) 5.000%   7/1/31         375        405
  Tampa FL Health, Hospital, Nursing Home Revenue (H. Lee Moffitt Cancer Center Project) 5.000%   7/1/32         300        322
  Tampa FL Health, Hospital, Nursing Home Revenue (H. Lee Moffitt Cancer Center Project) 5.000%   7/1/33         275        294
  Tampa FL Health, Hospital, Nursing Home Revenue (H. Lee Moffitt Cancer Center Project) 5.000%   7/1/34         375        399
  Tampa FL Health, Hospital, Nursing Home Revenue (H. Lee Moffitt Cancer Center Project) 5.000%   7/1/35         525        556
  Tampa FL Health, Hospital, Nursing Home Revenue (H. Lee Moffitt Cancer Center Project) 5.000%   7/1/36       1,075      1,134
  Tampa FL Health, Hospital, Nursing Home Revenue (H. Lee Moffitt Cancer Center Project) 3.000%   7/1/37         400        357
  Tampa FL Health, Hospital, Nursing Home Revenue (H. Lee Moffitt Cancer Center Project) 5.000%   7/1/37       3,125      3,167
  Tampa FL Health, Hospital, Nursing Home Revenue (H. Lee Moffitt Cancer Center Project) 4.000%   7/1/39       1,000        982
  Tampa FL Health, Hospital, Nursing Home Revenue (H. Lee Moffitt Cancer Center Project) 5.000%   7/1/40       1,200      1,247
  Tampa FL Miscellaneous Taxes Revenue 0.000%   9/1/33         400        284
  Tampa FL Miscellaneous Taxes Revenue 0.000%   9/1/34       2,440      1,659
  Tampa FL Miscellaneous Taxes Revenue 0.000%   9/1/35       2,320      1,506
  Tampa FL Miscellaneous Taxes Revenue 0.000%   9/1/37       3,000      1,767
  Tampa FL Miscellaneous Taxes Revenue 0.000%   9/1/39       2,400      1,269
  Tampa FL Miscellaneous Taxes Revenue 0.000%   9/1/40       1,250        626
  Tampa FL Tobacco & Liquor Taxes Revenue (H. Lee Moffitt Cancer Center Project) 5.500%   9/1/28       2,500      2,588
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Tampa FL Tobacco & Liquor Taxes Revenue (H. Lee Moffitt Cancer Center Project) 5.500%   9/1/29       2,500      2,589
  Tampa FL Tobacco & Liquor Taxes Revenue (H. Lee Moffitt Cancer Center Project) 5.500%   9/1/30       3,705      3,834
  Tampa-Hillsborough County Expressway Authority Highway Revenue 4.000%   7/1/32         605        619
  Tampa-Hillsborough County Expressway Authority Highway Revenue 4.000%   7/1/33         625        638
  Tampa-Hillsborough County Expressway Authority Highway Revenue 4.000%   7/1/34         650        661
  Tampa-Hillsborough County Expressway Authority Highway Revenue 4.000%   7/1/35         680        690
  Tampa-Hillsborough County Expressway Authority Highway Revenue 4.000%   7/1/36         705        714
  Tampa-Hillsborough County Expressway Authority Highway Revenue 4.000%   7/1/37       5,000      5,047
1 Tampa-Hillsborough County Expressway Authority Highway Revenue 4.000%   7/1/42       5,390      5,284
  Tohopekaliga Water Authority Water Revenue 4.000%  10/1/33       1,730      1,740
  Tohopekaliga Water Authority Water Revenue 4.000%  10/1/34       1,285      1,291
  Two Lakes Community Development District Special Assessment Revenue 5.000%   5/1/44       1,000      1,031
  University of Florida Department of Housing & Residence Education Housing System Local or Guaranteed Housing Revenue 4.000%   7/1/33       6,720      6,945
  USF Financing Corp. COP 5.000%   7/1/30       5,420      5,461
4,6 V-Dana Community Development District Special Assessment Revenue (Assessment Area Two-2025 Project) 5.375%   5/1/45         900        902
4 Venice FL Health, Hospital, Nursing Home Revenue 4.625%   1/1/30         750        750
4 Venice FL Health, Hospital, Nursing Home Revenue (Village on the ISLE Project) 4.250%   1/1/30         450        450
4 Venice FL Health, Hospital, Nursing Home Revenue (Village on the ISLE Project) 4.500%   1/1/30         400        400
  Venice FL Health, Hospital, Nursing Home Revenue (Village on the ISLE Project) 5.000%   1/1/37       1,000      1,005
  Village Community Development District No. 13 Special Assessment Revenue 2.550%   5/1/31       1,500      1,372
  Village Community Development District No. 13 Special Assessment Revenue 2.850%   5/1/36       1,000        860
4 Village Community Development District No. 15 Special Assessment Revenue 4.000%   5/1/34       1,000        987
4 Village Community Development District No. 15 Special Assessment Revenue 4.850%   5/1/38       1,000      1,029
4 Village Community Development District No. 15 Special Assessment Revenue 4.200%   5/1/39       2,145      2,106
4 Village Community Development District No. 15 Special Assessment Revenue 4.550%   5/1/44       1,560      1,534
  Volusia County Educational Facility Authority College & University Revenue 5.000% 10/15/27       1,125      1,128
  Volusia County Educational Facility Authority College & University Revenue 5.000% 10/15/27       1,000      1,044
  Volusia County Educational Facility Authority College & University Revenue 5.000% 10/15/28       2,000      2,005
  Volusia County Educational Facility Authority College & University Revenue 5.000% 10/15/28       1,500      1,568
  Volusia County Educational Facility Authority College & University Revenue 5.000% 10/15/29       1,110      1,113
  Volusia County Educational Facility Authority College & University Revenue 5.000% 10/15/30       2,355      2,361
  Volusia County Educational Facility Authority College & University Revenue 5.000% 10/15/31       1,000      1,002
  Volusia County Educational Facility Authority College & University Revenue 5.000% 10/15/42       4,930      5,026
  Volusia County Educational Facility Authority College & University Revenue (Embry Riddle Aeronautical University Inc. Project) 4.000% 10/15/35         400        406
  Volusia County Educational Facility Authority College & University Revenue (Embry Riddle Aeronautical University Inc. Project) 4.000% 10/15/36         510        516
  Volusia County Educational Facility Authority College & University Revenue (Embry Riddle Aeronautical University Inc. Project) 4.000% 10/15/37         725        730
  Volusia County Educational Facility Authority College & University Revenue (Embry Riddle Aeronautical University Inc. Project) 4.000% 10/15/38         750        752
  Volusia County Educational Facility Authority College & University Revenue (Embry Riddle Aeronautical University Inc. Project) 4.000% 10/15/39       1,000        998
  Volusia County Educational Facility Authority College & University Revenue (Stetson University Inc. Project) 5.000%   6/1/32       1,185      1,280
  Volusia County Educational Facility Authority College & University Revenue (Stetson University Inc. Project) 5.000%   6/1/33       1,485      1,612
  Volusia County Educational Facility Authority College & University Revenue (Stetson University Inc. Project) 5.000%   6/1/34       1,560      1,695
  Volusia County Educational Facility Authority College & University Revenue (Stetson University Inc. Project) 5.000%   6/1/36       1,720      1,847
  Volusia County Educational Facility Authority College & University Revenue (Stetson University Inc. Project) 5.000%   6/1/37       1,805      1,927
  Volusia County Educational Facility Authority College & University Revenue (Stetson University Inc. Project) 5.000%   6/1/38       1,415      1,502
  Volusia County Educational Facility Authority College & University Revenue (Stetson University Inc. Project) 5.000%   6/1/39       1,340      1,412
  Volusia County Educational Facility Authority College & University Revenue (Stetson University Inc. Project) 5.250%   6/1/40       1,340      1,429
  Volusia County Educational Facility Authority College & University Revenue (Stetson University Inc. Project) 5.250%   6/1/41         850        901
  Volusia County Educational Facility Authority College & University Revenue (Stetson University Inc. Project) 5.250%   6/1/42       1,000      1,056
  Volusia County Educational Facility Authority College & University Revenue (Stetson University Inc. Project) 5.250%   6/1/43       2,300      2,418
  Volusia County Educational Facility Authority College & University Revenue (Stetson University Inc. Project) 5.250%   6/1/44       2,375      2,484
  Westside Haines City Community Development District Special Assessment Revenue (Assessment Area Two Project) 5.750%   5/1/44       1,190      1,205
1 Wildwood Utility Dependent District Water Revenue (South Sumter Utility Project) 5.000%  10/1/36       1,000      1,088
1 Wildwood Utility Dependent District Water Revenue (South Sumter Utility Project) 5.000%  10/1/38       2,000      2,156
1 Wildwood Utility Dependent District Water Revenue (South Sumter Utility Project) 5.000%  10/1/40       2,250      2,403
1 Wildwood Utility Dependent District Water Revenue (South Sumter Utility Project) 5.000%  10/1/41       1,855      1,972
1 Wildwood Utility Dependent District Water Revenue (South Sumter Utility Project) 5.000%  10/1/41       1,000      1,063
                                   3,567,434
Georgia (3.6%)
  Albany-Dougherty County Hospital Authority Health, Hospital, Nursing Home Revenue RAN 5.000%   9/1/36       9,230     10,060
  Albany-Dougherty County Hospital Authority Health, Hospital, Nursing Home Revenue RAN 5.000%   9/1/37       9,740     10,566
  Albany-Dougherty County Hospital Authority Health, Hospital, Nursing Home Revenue RAN 5.000%   9/1/39       9,335     10,040
  Athens-Clarke County GA Unified Government Water & Sewerage Water Revenue 5.000%   1/1/28       2,500      2,504
  Atlanta Development Authority Hotel Occupancy Tax Revenue 5.000%   7/1/27       1,000      1,007
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Atlanta Development Authority Hotel Occupancy Tax Revenue 5.000%   7/1/28       1,365      1,374
  Atlanta Development Authority Hotel Occupancy Tax Revenue 5.000%   7/1/30       1,280      1,288
  Atlanta GA Airport Passenger Facility Charge Port, Airport & Marina Revenue 5.000%   7/1/38       3,180      3,377
  Atlanta GA Airport Passenger Facility Charge Port, Airport & Marina Revenue 5.000%   7/1/40      11,000     11,598
  Atlanta GA Airport Passenger Facility Charge Port, Airport & Marina Revenue 5.000%   7/1/40       4,400      4,790
  Atlanta GA Airport Passenger Facility Charge Port, Airport & Marina Revenue 5.000%   7/1/41      10,000     10,834
  Atlanta GA Department of Aviation Port, Airport & Marina Revenue 5.000%   7/1/28       1,995      2,133
  Atlanta GA Department of Aviation Port, Airport & Marina Revenue 5.000%   7/1/29       1,045      1,136
  Atlanta GA Department of Aviation Port, Airport & Marina Revenue 4.000%   7/1/38       2,680      2,738
  Atlanta GA Department of Aviation Port, Airport & Marina Revenue 4.000%   7/1/39       2,785      2,826
  Atlanta GA Department of Aviation Port, Airport & Marina Revenue 4.000%   7/1/39       1,500      1,522
  Atlanta GA Department of Aviation Port, Airport & Marina Revenue 5.000%   7/1/39       5,880      6,431
  Atlanta GA Department of Aviation Port, Airport & Marina Revenue 5.000%   7/1/40       3,175      3,457
  Atlanta GA Department of Aviation Port, Airport & Marina Revenue 5.000%   7/1/41       6,485      7,026
  Atlanta GA Department of Aviation Port, Airport & Marina Revenue 5.000%   7/1/41       1,795      1,962
  Atlanta GA Department of Aviation Port, Airport & Marina Revenue 5.000%   7/1/42       2,415      2,627
  Atlanta GA GO 5.000%  12/1/39       7,840      8,673
3 Atlanta GA Water & Wastewater Water Revenue 5.750%  11/1/25       6,565      6,711
3 Atlanta GA Water & Wastewater Water Revenue 5.750%  11/1/26      15,280     16,066
1 Atlanta GA Water & Wastewater Water Revenue 5.000%  11/1/33       5,000      5,735
  Atlanta GA Water & Wastewater Water Revenue 4.000%  11/1/34       2,275      2,303
1 Atlanta GA Water & Wastewater Water Revenue 5.000%  11/1/34       4,000      4,627
  Atlanta GA Water & Wastewater Water Revenue 4.000%  11/1/35       2,305      2,321
  Atlanta GA Water & Wastewater Water Revenue, Prere. 5.000%  11/1/27       6,180      6,558
  Atlanta GA Water & Wastewater Water Revenue, Prere. 5.000%  11/1/27       4,000      4,245
  Atlanta GA Water & Wastewater Water Revenue, Prere. 5.000%  11/1/27       3,260      3,460
  Atlanta GA Water & Wastewater Water Revenue, Prere. 5.000%  11/1/27       4,010      4,256
  Atlanta GA Water & Wastewater Water Revenue, Prere. 5.000%  11/1/27      14,010     14,868
  Atlanta GA Water & Wastewater Water Revenue, Prere. 5.000%  11/1/27       1,000      1,061
  Augusta Development Authority Health, Hospital, Nursing Home Revenue (Health System Inc. Project) 5.000%   7/1/35       3,065      3,203
  Augusta Development Authority Health, Hospital, Nursing Home Revenue (Health System Inc. Project) 5.000%   7/1/36       1,020      1,067
  Augusta GA Water & Sewer Water Revenue 5.000%  10/1/26       9,030      9,353
  Augusta GA Water & Sewer Water Revenue 5.000%  10/1/27       9,480     10,026
  Augusta GA Water & Sewer Water Revenue 5.000%  10/1/28       9,960     10,446
  Bartow County Development Authority Electric Power & Light Revenue PUT 3.950%   3/8/28      11,680     11,945
  Brookhaven Development Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/34       2,500      2,665
  Brookhaven Development Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/35       1,650      1,754
  Brookhaven Development Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/36       2,850      3,022
  Brookhaven Development Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/37       2,535      2,679
  Brookhaven Development Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/38       2,990      3,146
  Brookhaven Development Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/39       1,335      1,398
  Brookhaven Urban Redevelopment Agency Intergovernmental Agreement Revenue 4.000%   7/1/43       1,710      1,701
  Bulloch County Development Authority College & University Revenue 5.000%   7/1/29         880        917
  Bulloch County Development Authority College & University Revenue 5.000%   7/1/30       1,080      1,122
  Bulloch County Development Authority College & University Revenue 5.000%   7/1/32       1,435      1,485
  Bulloch County Development Authority College & University Revenue 5.000%   7/1/33       1,595      1,645
  Bulloch County Development Authority Local or Guaranteed Housing Revenue (Georgia Southern University Project) 4.000%   7/1/36       1,000      1,014
  Bulloch County Development Authority Local or Guaranteed Housing Revenue (Georgia Southern University Project) 4.000%   7/1/37       1,290      1,299
  Bulloch County Development Authority Local or Guaranteed Housing Revenue (Georgia Southern University Project) 4.000%   7/1/38       1,355      1,356
  Burke County Development Authority Electric Power & Light Revenue (Georgia Power Co. Plant Vogtle Project) 2.200%  10/1/32       2,100      1,739
  Burke County Development Authority Electric Power & Light Revenue (Georgia Power Co. Plant Vogtle Project) PUT 3.875%   3/6/26       3,855      3,887
  Burke County Development Authority Electric Power & Light Revenue (Georgia Power Co. Plant Vogtle Project) PUT 3.375%  3/12/27       2,215      2,222
  Burke County Development Authority Electric Power & Light Revenue (Georgia Power Co. Plant Vogtle Project) PUT 3.375%  3/12/27       2,280      2,288
  Burke County Development Authority Electric Power & Light Revenue (Georgia Power Co. Plant Vogtle Project) PUT 3.700%  6/13/28       1,335      1,356
  Burke County Development Authority Electric Power & Light Revenue (Georgia Power Co. Plant Vogtle Project) PUT 3.300%  8/21/29       6,000      5,980
6 Burke County Development Authority Electric Power & Light Revenue (Oglethorpe Power Corp. Vogtle Project) PUT 3.600%   2/1/30       9,465      9,457
6 Burke County Development Authority Electric Power & Light Revenue (Oglethorpe Power Corp. Vogtle Project) PUT 3.600%   2/1/30      10,335     10,327
  Carroll City-County Hospital Authority Health, Hospital, Nursing Home Revenue (Tanner Medical Center Project) 4.000%   7/1/33         450        460
  Carroll City-County Hospital Authority Health, Hospital, Nursing Home Revenue (Tanner Medical Center Project) 4.000%   7/1/35       1,245      1,266
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Carroll City-County Hospital Authority Health, Hospital, Nursing Home Revenue (Tanner Medical Center Project) 4.000%   7/1/37         775        782
  Carroll City-County Hospital Authority Health, Hospital, Nursing Home Revenue (Tanner Medical Center Project) 3.000%   7/1/38         680        606
  Carroll City-County Hospital Authority Health, Hospital, Nursing Home Revenue (Tanner Medical Center Project) 3.000%   7/1/39         925        816
  Carroll City-County Hospital Authority Health, Hospital, Nursing Home Revenue (Tanner Medical Center Project) 3.000%   7/1/40       1,000        874
  Cherokee County Board of Education GO 5.000%   8/1/33       1,780      1,825
  Clarke County Hospital Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/30       3,285      3,366
  Clarke County Hospital Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/31       3,250      3,326
  Clayton County Development Authority Local or Guaranteed Housing Revenue (Clayton State University Project) 5.000%   7/1/30         430        466
  Clayton County Development Authority Local or Guaranteed Housing Revenue (Clayton State University Project) 5.000%   7/1/32         410        446
  Clayton County Development Authority Local or Guaranteed Housing Revenue (Clayton State University Project) 5.000%   7/1/34         470        508
  Clayton County Development Authority Local or Guaranteed Housing Revenue (Clayton State University Project) 5.000%   7/1/35         300        324
  Clayton County Development Authority Local or Guaranteed Housing Revenue (Clayton State University Project) 4.000%   7/1/36         650        653
  Clayton County Development Authority Local or Guaranteed Housing Revenue (Clayton State University Project) 4.000%   7/1/37         715        717
  Clayton County Development Authority Local or Guaranteed Housing Revenue (Clayton State University Project) 4.000%   7/1/38         635        631
  Cobb County Kennestone Hospital Authority Health, Hospital, Nursing Home Revenue 4.000%   4/1/32         475        483
  Cobb County Kennestone Hospital Authority Health, Hospital, Nursing Home Revenue 4.000%   4/1/32         795        809
  Cobb County Kennestone Hospital Authority Health, Hospital, Nursing Home Revenue 4.000%   4/1/33         725        737
  Cobb County Kennestone Hospital Authority Health, Hospital, Nursing Home Revenue 4.000%   4/1/33         425        432
  Cobb County Kennestone Hospital Authority Health, Hospital, Nursing Home Revenue 4.000%   4/1/34         500        507
  Cobb County Kennestone Hospital Authority Health, Hospital, Nursing Home Revenue 4.000%   4/1/35         600        608
  Cobb County Kennestone Hospital Authority Health, Hospital, Nursing Home Revenue 4.000%   4/1/36         750        762
  Cobb County Kennestone Hospital Authority Health, Hospital, Nursing Home Revenue 3.000%   4/1/37         800        714
  Cobb County Kennestone Hospital Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/38       1,000      1,058
  Cobb County Kennestone Hospital Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/38       1,175      1,244
  Cobb County Kennestone Hospital Authority Health, Hospital, Nursing Home Revenue 4.000%   4/1/39         790        791
  Cobb County Kennestone Hospital Authority Health, Hospital, Nursing Home Revenue 4.000%   4/1/39         500        500
  Cobb County Kennestone Hospital Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/40       1,150      1,205
  Cobb County Kennestone Hospital Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/40       1,150      1,205
  Cobb County Kennestone Hospital Authority Health, Hospital, Nursing Home Revenue 4.000%   4/1/41         400        393
  Cobb County Kennestone Hospital Authority Health, Hospital, Nursing Home Revenue 3.000%   4/1/45       1,500      1,178
  Cobb County Kennestone Hospital Authority Health, Hospital, Nursing Home Revenue RAN 5.000%   4/1/26         700        716
  Cobb County Kennestone Hospital Authority Health, Hospital, Nursing Home Revenue RAN 5.000%   4/1/27         900        936
  Cobb County Kennestone Hospital Authority Health, Hospital, Nursing Home Revenue RAN 5.000%   4/1/28       1,000      1,038
  Cobb County Kennestone Hospital Authority Health, Hospital, Nursing Home Revenue RAN 5.000%   4/1/29       1,640      1,700
  Cobb County Kennestone Hospital Authority Health, Hospital, Nursing Home Revenue RAN 5.000%   4/1/30       1,230      1,274
  Cobb County Kennestone Hospital Authority Health, Hospital, Nursing Home Revenue RAN 5.000%   4/1/32       2,250      2,325
  Cobb County Kennestone Hospital Authority Health, Hospital, Nursing Home Revenue RAN 5.000%   4/1/33       2,620      2,702
  Cobb County Kennestone Hospital Authority Health, Hospital, Nursing Home Revenue RAN 5.000%   4/1/34       3,350      3,449
  Cobb County Kennestone Hospital Authority Health, Hospital, Nursing Home Revenue RAN 5.000%   4/1/35       2,500      2,569
  Cobb County Kennestone Hospital Authority Health, Hospital, Nursing Home Revenue RAN 5.000%   4/1/36       4,300      4,411
  Cobb County Kennestone Hospital Authority Health, Hospital, Nursing Home Revenue RAN 5.000%   4/1/37       4,500      4,601
  Cobb County Kennestone Hospital Authority Health, Hospital, Nursing Home Revenue RAN 5.000%   4/1/41       3,710      3,981
  Cobb County Kennestone Hospital Authority Health, Hospital, Nursing Home Revenue RAN 5.000%   4/1/42       2,320      2,477
  Cobb County Kennestone Hospital Authority Health, Hospital, Nursing Home Revenue RAN 5.000%   4/1/43       3,885      4,127
  Coweta County Development Authority Health, Hospital, Nursing Home Revenue (Piedmont Healthcare Inc. Project) 5.000%   7/1/35       1,130      1,192
  Coweta County Development Authority Health, Hospital, Nursing Home Revenue (Piedmont Healthcare Inc. Project) 5.000%   7/1/37       8,160      8,553
  Coweta County Development Authority Health, Hospital, Nursing Home Revenue (Piedmont Healthcare Inc. Project) 5.000%   7/1/38       9,100      9,497
  Coweta County Development Authority Health, Hospital, Nursing Home Revenue (Piedmont Healthcare Inc. Project) 5.000%   7/1/39       9,565      9,941
  Dahlonega Downtown Development Authority Local or Guaranteed Housing Revenue (North Georgia MAC LLC Project) 5.000%   7/1/29       1,280      1,329
  Dahlonega Downtown Development Authority Local or Guaranteed Housing Revenue (North Georgia MAC LLC Project) 5.000%   7/1/30       1,020      1,059
  Dahlonega Downtown Development Authority Local or Guaranteed Housing Revenue (North Georgia MAC LLC Project) 4.000%   7/1/32       1,000      1,007
  Dahlonega Downtown Development Authority Local or Guaranteed Housing Revenue (North Georgia MAC LLC Project) 5.000%   7/1/34       1,100      1,141
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Dahlonega Downtown Development Authority Local or Guaranteed Housing Revenue (North Georgia MAC LLC Project) 5.000%   7/1/36       1,160      1,200
  Dalton Board of Water Light & Sinking Fund Commissioners Electric Power & Light Revenue 5.000%   3/1/29       1,210      1,286
  Dalton Board of Water Light & Sinking Fund Commissioners Electric Power & Light Revenue 5.000%   3/1/30       1,265      1,358
  Dalton Board of Water Light & Sinking Fund Commissioners Electric Power & Light Revenue 5.000%   3/1/31       1,065      1,137
  Dalton Board of Water Light & Sinking Fund Commissioners Electric Power & Light Revenue 5.000%   3/1/32       1,020      1,081
  Dalton Board of Water Light & Sinking Fund Commissioners Electric Power & Light Revenue 4.000%   3/1/34       1,450      1,469
  Dalton Board of Water Light & Sinking Fund Commissioners Electric Power & Light Revenue 4.000%   3/1/35       1,490      1,506
  Dalton Board of Water Light & Sinking Fund Commissioners Electric Power & Light Revenue 4.000%   3/1/36       1,000      1,007
  Dalton Board of Water Light & Sinking Fund Commissioners Multiple Utility Revenue 5.000%   3/1/33       1,800      1,845
  Dalton GA GO 5.000%   2/1/42       9,000      9,311
  Dalton Whitfield County Joint Development Authority Health, Hospital, Nursing Home Revenue (Hamilton Health Care System Inc. Project) 5.000%  8/15/39       1,000      1,101
  Dalton Whitfield County Joint Development Authority Health, Hospital, Nursing Home Revenue (Hamilton Health Care System Inc. Project) 5.000%  8/15/40       1,000      1,095
  Dalton Whitfield County Joint Development Authority Health, Hospital, Nursing Home Revenue (Hamilton Health Care System Inc. Project) 5.000%  8/15/41       1,170      1,271
  Dalton Whitfield County Joint Development Authority Health, Hospital, Nursing Home Revenue (Hamilton Health Care System Inc. Project) 5.000%  8/15/42         630        680
  DeKalb County GA Water & Sewerage Water Revenue 5.000%  10/1/35       1,145      1,290
  DeKalb County GA Water & Sewerage Water Revenue 5.000%  10/1/38       1,060      1,178
  DeKalb County Housing Authority Local or Guaranteed Housing Revenue 4.125%  12/1/34       5,775      5,758
  DeKalb County Housing Authority Local or Guaranteed Housing Revenue 5.000%  12/1/34       3,000      3,149
  DeKalb County Housing Authority Local or Guaranteed Housing Revenue (1086 On Montreal Project) 4.000%   3/1/34       7,680      7,606
  DeKalb County Housing Authority Local or Guaranteed Housing Revenue (Kensington Station Project) 4.000%  12/1/33      12,700     12,677
  DeKalb County Housing Authority Local or Guaranteed Housing Revenue (Park at 500 Project) 4.000%   3/1/34      15,610     15,518
  DeKalb Private Hospital Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/34       1,000      1,066
  DeKalb Private Hospital Authority Health, Hospital, Nursing Home Revenue 4.000%   7/1/37       1,000      1,010
  Douglasville-Douglas County Water & Sewer Authority Water Revenue 2.000%   6/1/33       2,305      1,958
  Fayette County Development Authority Recreational Revenue 5.000%  10/1/39       1,000      1,073
  Fayette County Development Authority Recreational Revenue (United States Soccer Federation Inc. Project) 5.000%  10/1/30         400        429
  Fayette County Development Authority Recreational Revenue (United States Soccer Federation Inc. Project) 5.000%  10/1/33       1,000      1,095
  Fayette County Development Authority Recreational Revenue (United States Soccer Federation Inc. Project) 5.000%  10/1/34       1,500      1,650
  Fayette County Development Authority Recreational Revenue (United States Soccer Federation Inc. Project) 5.000%  10/1/35       1,650      1,807
  Fayette County Development Authority Recreational Revenue (United States Soccer Federation Inc. Project) 5.000%  10/1/36       1,800      1,963
  Fayette County Development Authority Recreational Revenue (United States Soccer Federation Inc. Project) 5.000%  10/1/37       2,000      2,169
  Fayette County Development Authority Recreational Revenue (United States Soccer Federation Inc. Project) 5.000%  10/1/38       2,100      2,264
  Fayette County Development Authority Recreational Revenue (United States Soccer Federation Inc. Project) 5.000%  10/1/40       1,600      1,707
  Fayette County Development Authority Recreational Revenue (United States Soccer Federation Inc. Project) 5.000%  10/1/41       1,500      1,591
  Fayette County Development Authority Recreational Revenue (United States Soccer Federation Inc. Project) 5.000%  10/1/42       1,100      1,161
  Fayette County Development Authority Recreational Revenue (United States Soccer Federation Inc. Project) 5.000%  10/1/43       1,245      1,308
  Fayette County Development Authority Recreational Revenue (United States Soccer Federation Inc. Project) 5.000%  10/1/44       1,110      1,162
  Forsyth County School District GO 5.000%   2/1/27       1,000      1,045
  Forsyth County School District GO 5.000%   2/1/34       2,535      2,670
  Forsyth County School District GO 5.000%   2/1/35       3,790      3,986
  Forsyth County School District GO 5.000%   2/1/37       2,250      2,359
  Fulton County Development Authority College & University Revenue 5.000%  6/15/34       1,160      1,240
  Fulton County Development Authority College & University Revenue 5.000%  6/15/36       1,015      1,079
  Fulton County Development Authority College & University Revenue 5.000%  6/15/38       1,165      1,229
  Fulton County Development Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/30       3,010      3,084
  Fulton County Development Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/32       2,640      2,697
  Fulton County Development Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/36       1,600      1,696
  Fulton County Development Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/37       1,825      1,929
  Fulton County Development Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/39       1,750      1,832
  Fulton County Development Authority Health, Hospital, Nursing Home Revenue (Piedmont Healthcare Inc. Project) 5.000%   7/1/36       8,810      9,264
  Fulton County Development Authority Health, Hospital, Nursing Home Revenue (Piedmont Healthcare Inc. Project) 4.000%   7/1/37       2,200      2,201
  Fulton County Development Authority Health, Hospital, Nursing Home Revenue (Piedmont Healthcare Inc. Project) 4.000%   7/1/38       3,500      3,481
  Fulton County Development Authority Health, Hospital, Nursing Home Revenue (Piedmont Healthcare Inc. Project) 4.000%   7/1/39       4,255      4,184
  Fulton County Development Authority Health, Hospital, Nursing Home Revenue RAN 5.000%   4/1/26         600        614
  Fulton County Development Authority Health, Hospital, Nursing Home Revenue RAN 5.000%   4/1/27         530        551
  Fulton County Development Authority Health, Hospital, Nursing Home Revenue RAN 5.000%   4/1/28         560        581
  Fulton County Development Authority Health, Hospital, Nursing Home Revenue RAN 5.000%   4/1/29         500        518
  Fulton County Development Authority Health, Hospital, Nursing Home Revenue RAN 5.000%   4/1/30         870        901
  Fulton County Development Authority Health, Hospital, Nursing Home Revenue RAN 5.000%   4/1/31         900        932
  Fulton County Development Authority Health, Hospital, Nursing Home Revenue RAN 5.000%   4/1/35       4,700      4,830
  Fulton County Development Authority Health, Hospital, Nursing Home Revenue RAN 5.000%   4/1/37       2,820      2,883
  Fulton County Residential Care Facilities for the Elderly Authority Health, Hospital, Nursing Home Revenue 4.000%   7/1/25       2,080      2,076
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Fulton County Residential Care Facilities for the Elderly Authority Health, Hospital, Nursing Home Revenue 4.000%   7/1/26       1,680      1,672
  Fulton County Residential Care Facilities for the Elderly Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/31       7,500      7,561
4 Fulton County Residential Care Facilities for the Elderly Authority Health, Hospital, Nursing Home Revenue (Canterbury Court Project) 4.000%   4/1/29       4,740      4,706
4 Fulton County Residential Care Facilities for the Elderly Authority Health, Hospital, Nursing Home Revenue (Canterbury Court Project) 4.000%   4/1/29       1,870      1,860
4 Fulton County Residential Care Facilities for the Elderly Authority Health, Hospital, Nursing Home Revenue (Canterbury Court Project) 4.000%   4/1/30       1,945      1,925
4 Fulton County Residential Care Facilities for the Elderly Authority Health, Hospital, Nursing Home Revenue (Canterbury Court Project) 4.000%   4/1/31       2,030      1,997
4 Fulton County Residential Care Facilities for the Elderly Authority Health, Hospital, Nursing Home Revenue (Canterbury Court Project) 5.000%   4/1/37       8,665      8,779
4 Fulton County Residential Care Facilities for the Elderly Authority Health, Hospital, Nursing Home Revenue (Canterbury Court Project) 4.000%   4/1/41      13,735     12,471
  Gainesville & Hall County Hospital Authority Health, Hospital, Nursing Home Revenue 4.000%  2/15/37       2,640      2,667
  Gainesville & Hall County Hospital Authority Health, Hospital, Nursing Home Revenue 4.000%  2/15/38       5,355      5,385
  Gainesville & Hall County Hospital Authority Health, Hospital, Nursing Home Revenue 4.000%  2/15/41       2,580      2,552
  Gainesville & Hall County Hospital Authority Health, Hospital, Nursing Home Revenue (Northeast Georgia Health System Inc. Project) 5.000% 10/15/30       8,695      9,551
  Gainesville & Hall County Hospital Authority Health, Hospital, Nursing Home Revenue (Northeast Georgia Health System Inc. Project) 5.000%  2/15/34      21,755     23,367
  Gainesville & Hall County Hospital Authority Health, Hospital, Nursing Home Revenue (Northeast Georgia Health System Inc. Project) 5.000%  2/15/35      12,095     12,961
  Gainesville & Hall County Hospital Authority Health, Hospital, Nursing Home Revenue (Northeast Georgia Health System Inc. Project) 4.000%  2/15/36       7,715      7,815
  Gainesville & Hall County Hospital Authority Health, Hospital, Nursing Home Revenue (Northeast Georgia Health System Inc. Project) 4.000%  2/15/37       1,500      1,512
  Gainesville School District GO 4.000%  11/1/35       1,000      1,027
  Gainesville School District GO 4.000%  11/1/36       1,000      1,024
  Georgia GO 5.000%   7/1/28      25,490     27,386
  Georgia GO 5.000%   7/1/29      10,730     11,734
  Georgia GO 5.000%   1/1/31      11,165     12,517
  Georgia GO 4.000%   2/1/31       2,765      2,766
  Georgia GO 4.000%   2/1/31       4,000      4,029
  Georgia GO 5.000%   7/1/31      10,955     11,678
  Georgia GO 5.000%   1/1/32      14,420     16,379
  Georgia GO 4.000%   2/1/32       4,000      4,027
  Georgia Municipal Electric Authority Electric Power & Light Revenue 5.000%   1/1/29      14,000     14,689
  Georgia Municipal Electric Authority Electric Power & Light Revenue 5.000%   1/1/29       8,000      8,394
  Georgia Municipal Electric Authority Nuclear Revenue 5.000%   1/1/29       1,140      1,220
  Georgia Municipal Electric Authority Nuclear Revenue 5.000%   1/1/30       1,225      1,301
  Georgia Municipal Electric Authority Nuclear Revenue 5.000%   1/1/31       1,385      1,470
  Georgia Municipal Electric Authority Nuclear Revenue 5.000%   1/1/32       1,450      1,536
  Georgia Municipal Electric Authority Nuclear Revenue 5.000%   1/1/33       1,200      1,269
  Georgia Municipal Electric Authority Nuclear Revenue 5.000%   1/1/34       2,295      2,423
  Georgia Municipal Electric Authority Nuclear Revenue 5.000%   1/1/35         925        975
  Georgia Municipal Electric Authority Nuclear Revenue 5.000%   1/1/36       1,145      1,204
  Georgia Municipal Electric Authority Nuclear Revenue 5.000%   1/1/37       1,115      1,170
  Georgia Municipal Electric Authority Nuclear Revenue 5.000%   1/1/38       1,150      1,203
  Georgia Municipal Electric Authority Nuclear Revenue (General Resolution Projects) 5.000%   1/1/28      16,330     16,715
  Georgia Municipal Electric Authority Nuclear Revenue (General Resolution Projects) 4.000%   1/1/33       2,000      2,031
  Georgia Municipal Electric Authority Nuclear Revenue (General Resolution Projects) 4.000%   1/1/35       2,305      2,324
  Georgia Municipal Electric Authority Nuclear Revenue (General Resolution Projects) 4.000%   1/1/36       1,000      1,004
  Georgia Municipal Electric Authority Nuclear Revenue (General Resolution Projects) 4.000%   1/1/37       1,500      1,501
  Georgia Municipal Electric Authority Nuclear Revenue (General Resolution Projects) 3.000%   1/1/38         710        598
  Georgia Municipal Electric Authority Nuclear Revenue (General Resolution Projects) 3.000%   1/1/39         730        600
  Georgia Municipal Electric Authority Nuclear Revenue (General Resolution Projects) 3.000%   1/1/40         500        404
  Georgia Municipal Electric Authority Nuclear Revenue (Plant Vogtle Units 3&4 Project) 5.000%   1/1/29         500        521
  Georgia Municipal Electric Authority Nuclear Revenue (Plant Vogtle Units 3&4 Project) 5.000%   1/1/31         890        927
  Georgia Municipal Electric Authority Nuclear Revenue (Plant Vogtle Units 3&4 Project) 5.000%   1/1/31       1,655      1,744
  Georgia Municipal Electric Authority Nuclear Revenue (Plant Vogtle Units 3&4 Project) 5.000%   1/1/32         750        779
  Georgia Municipal Electric Authority Nuclear Revenue (Plant Vogtle Units 3&4 Project) 5.000%   1/1/32         600        631
  Georgia Municipal Electric Authority Nuclear Revenue (Plant Vogtle Units 3&4 Project) 5.000%   1/1/33         800        830
  Georgia Municipal Electric Authority Nuclear Revenue (Plant Vogtle Units 3&4 Project) 5.000%   1/1/33         500        525
  Georgia Municipal Electric Authority Nuclear Revenue (Plant Vogtle Units 3&4 Project) 5.000%   1/1/34       9,000      9,419
  Georgia Municipal Electric Authority Nuclear Revenue (Plant Vogtle Units 3&4 Project) 5.000%   1/1/34       2,560      2,683
  Georgia Municipal Electric Authority Nuclear Revenue (Plant Vogtle Units 3&4 Project) 5.000%   1/1/35       2,225      2,301
  Georgia Municipal Electric Authority Nuclear Revenue (Plant Vogtle Units 3&4 Project) 5.000%   1/1/35         725        759
3 Georgia Municipal Electric Authority Nuclear Revenue (Plant Vogtle Units 3&4 Project) 5.000%   7/1/35         340        378
  Georgia Municipal Electric Authority Nuclear Revenue (Plant Vogtle Units 3&4 Project) 5.000%   1/1/36       1,300      1,342
  Georgia Municipal Electric Authority Nuclear Revenue (Plant Vogtle Units 3&4 Project) 5.000%   1/1/36       2,055      2,147
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
3 Georgia Municipal Electric Authority Nuclear Revenue (Plant Vogtle Units 3&4 Project) 5.000%   7/1/36         660        728
3 Georgia Municipal Electric Authority Nuclear Revenue (Plant Vogtle Units 3&4 Project) 5.000%   7/1/36         650        720
  Georgia Municipal Electric Authority Nuclear Revenue (Plant Vogtle Units 3&4 Project) 5.000%   1/1/37       1,350      1,391
  Georgia Municipal Electric Authority Nuclear Revenue (Plant Vogtle Units 3&4 Project) 5.000%   1/1/37       2,420      2,524
3 Georgia Municipal Electric Authority Nuclear Revenue (Plant Vogtle Units 3&4 Project) 5.000%   7/1/37         545        599
3 Georgia Municipal Electric Authority Nuclear Revenue (Plant Vogtle Units 3&4 Project) 5.000%   7/1/37         500        550
  Georgia Municipal Electric Authority Nuclear Revenue (Plant Vogtle Units 3&4 Project) 5.000%   1/1/38       1,455      1,496
  Georgia Municipal Electric Authority Nuclear Revenue (Plant Vogtle Units 3&4 Project) 5.000%   1/1/38       2,355      2,450
  Georgia Municipal Electric Authority Nuclear Revenue (Plant Vogtle Units 3&4 Project) 5.000%   7/1/38       1,480      1,595
3 Georgia Municipal Electric Authority Nuclear Revenue (Plant Vogtle Units 3&4 Project) 5.000%   7/1/38         750        820
3 Georgia Municipal Electric Authority Nuclear Revenue (Plant Vogtle Units 3&4 Project) 5.000%   7/1/38         500        547
  Georgia Municipal Electric Authority Nuclear Revenue (Plant Vogtle Units 3&4 Project) 5.000%   1/1/39       2,100      2,176
  Georgia Municipal Electric Authority Nuclear Revenue (Plant Vogtle Units 3&4 Project) 5.000%   7/1/39       1,620      1,735
3 Georgia Municipal Electric Authority Nuclear Revenue (Plant Vogtle Units 3&4 Project) 5.000%   7/1/39         620        674
  Georgia Municipal Electric Authority Nuclear Revenue (Plant Vogtle Units 3&4 Project) 5.000%   7/1/40       1,200      1,282
3 Georgia Municipal Electric Authority Nuclear Revenue (Plant Vogtle Units 3&4 Project) 5.000%   7/1/40       1,000      1,083
3 Georgia Municipal Electric Authority Nuclear Revenue (Plant Vogtle Units 3&4 Project) 5.000%   7/1/40         700        758
3 Georgia Municipal Electric Authority Nuclear Revenue (Plant Vogtle Units 3&4 Project) 5.000%   7/1/41       1,055      1,137
3 Georgia Municipal Electric Authority Nuclear Revenue (Plant Vogtle Units 3&4 Project) 5.000%   7/1/41       1,170      1,261
  Georgia Municipal Electric Authority Nuclear Revenue (Plant Vogtle Units 3&4 Project) 5.000%   7/1/42       1,360      1,439
3 Georgia Municipal Electric Authority Nuclear Revenue (Plant Vogtle Units 3&4 Project) 5.000%   7/1/42       1,000      1,073
3 Georgia Municipal Electric Authority Nuclear Revenue (Plant Vogtle Units 3&4 Project) 5.000%   7/1/42       1,275      1,368
3 Georgia Municipal Electric Authority Nuclear Revenue (Plant Vogtle Units 3&4 Project) 5.000%   7/1/43       1,010      1,079
3 Georgia Municipal Electric Authority Nuclear Revenue (Plant Vogtle Units 3&4 Project) 5.000%   7/1/43       1,000      1,069
  Georgia Municipal Electric Authority Nuclear Revenue (Project No. 1) 5.000%   1/1/26       6,640      6,757
  Georgia Municipal Electric Authority Nuclear Revenue (Project No. 1) 5.000%   1/1/28      39,845     40,785
1 Georgia Municipal Electric Authority Nuclear Revenue (Project No. 1) 5.000%   1/1/28      28,000     28,703
  Georgia Municipal Electric Authority Nuclear Revenue (Project No. 1) 5.000%   1/1/29          90         92
  Georgia Municipal Electric Authority Nuclear Revenue (Project One Subordinated) 5.000%   1/1/35       1,250      1,354
  Georgia Municipal Electric Authority Nuclear Revenue (Project One Subordinated) 5.000%   1/1/36       3,330      3,597
  Georgia Municipal Electric Authority Nuclear Revenue (Project One Subordinated) 4.000%   1/1/39       1,560      1,540
  Georgia Municipal Electric Authority Nuclear Revenue (Project One Subordinated) 4.000%   1/1/40       1,250      1,232
1,4 Georgia Municipal Electric Authority Nuclear Revenue TOB VRDO 2.020%   2/3/25       7,800      7,800
  Georgia Ports Authority Port, Airport & Marina Revenue 4.000%   7/1/39       2,625      2,656
  Georgia Ports Authority Port, Airport & Marina Revenue 4.000%   7/1/40       7,840      7,899
  Georgia Ports Authority Port, Airport & Marina Revenue 5.000%   7/1/41       7,365      8,000
  Georgia State Road & Tollway Authority Government Fund/Grant Revenue 5.000%   6/1/28         710        745
  Georgia State Road & Tollway Authority Government Fund/Grant Revenue 5.000%   6/1/29         565        590
  Georgia State Road & Tollway Authority Highway Revenue 4.000%  7/15/41      10,000     10,062
  Georgia State Road & Tollway Authority Highway Revenue 4.000%  7/15/43      10,000      9,935
  Glynn-Brunswick Memorial Hospital Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/30       4,365      4,382
  Glynn-Brunswick Memorial Hospital Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/34      12,110     12,147
  Glynn-Brunswick Memorial Hospital Authority Health, Hospital, Nursing Home Revenue 4.000%   8/1/35       1,800      1,714
  Glynn-Brunswick Memorial Hospital Authority Health, Hospital, Nursing Home Revenue 4.000%   8/1/36       1,325      1,251
  Glynn-Brunswick Memorial Hospital Authority Health, Hospital, Nursing Home Revenue 4.000%   8/1/37         750        701
  Glynn-Brunswick Memorial Hospital Authority Health, Hospital, Nursing Home Revenue 4.000%   8/1/38       2,050      1,892
  Griffin-Spalding County Hospital Authority Health, Hospital, Nursing Home Revenue RAN 5.000%   4/1/26         500        511
  Griffin-Spalding County Hospital Authority Health, Hospital, Nursing Home Revenue RAN 5.000%   4/1/30         500        518
  Griffin-Spalding County Hospital Authority Health, Hospital, Nursing Home Revenue RAN 5.000%   4/1/32       1,000      1,033
  Griffin-Spalding County Hospital Authority Health, Hospital, Nursing Home Revenue RAN 5.000%   4/1/34       1,250      1,287
  Griffin-Spalding County Hospital Authority Health, Hospital, Nursing Home Revenue RAN 5.000%   4/1/36       2,300      2,359
  Griffin-Spalding County Hospital Authority Health, Hospital, Nursing Home Revenue RAN 5.000%   4/1/37       2,100      2,147
  Gwinnett County School District GO 5.000%   8/1/26      10,435     10,757
  Gwinnett County School District GO 5.000%   8/1/27      15,615     16,486
  Gwinnett County School District GO 5.000%   2/1/39      15,000     15,874
  Henry County Hospital Authority Health, Hospital, Nursing Home Revenue (Piedmont Fayette Hospital Project) 5.000%   7/1/30       5,375      5,392
  Henry County Hospital Authority Health, Hospital, Nursing Home Revenue (Piedmont Fayette Hospital Project) 5.000%   7/1/34      10,000     10,030
  LaGrange-Troup County Hospital Authority Health, Hospital, Nursing Home Revenue RAN 5.000%   4/1/26         630        644
  LaGrange-Troup County Hospital Authority Health, Hospital, Nursing Home Revenue RAN 5.000%   4/1/28         835        866
  Lawrenceville Housing Authority Local or Guaranteed Housing Revenue (Applewood Towers Project) 4.375%  10/1/42       1,280      1,273
  Main Street Natural Gas Inc. Natural Gas Revenue 5.000%  5/15/29       4,000      4,191
  Main Street Natural Gas Inc. Natural Gas Revenue 5.000%   3/1/32         850        914
  Main Street Natural Gas Inc. Natural Gas Revenue 5.000%  5/15/33       1,050      1,084
  Main Street Natural Gas Inc. Natural Gas Revenue 5.000%  5/15/35       2,770      2,956
  Main Street Natural Gas Inc. Natural Gas Revenue 5.000%  5/15/36       7,055      7,528
  Main Street Natural Gas Inc. Natural Gas Revenue 5.000%  5/15/37       2,335      2,488
  Main Street Natural Gas Inc. Natural Gas Revenue 5.000%  5/15/38       4,615      4,896
  Main Street Natural Gas Inc. Natural Gas Revenue PUT 4.000%   9/1/26      45,985     46,102
  Main Street Natural Gas Inc. Natural Gas Revenue PUT 4.000%   9/1/27      26,400     26,730
  Main Street Natural Gas Inc. Natural Gas Revenue PUT 4.000%  12/1/28     160,665    160,954
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Main Street Natural Gas Inc. Natural Gas Revenue PUT 5.000%   6/1/29      67,725     70,231
  Main Street Natural Gas Inc. Natural Gas Revenue PUT 4.000%  12/1/29      57,085     56,915
  Main Street Natural Gas Inc. Natural Gas Revenue PUT 5.000%   3/1/30     170,105    179,564
  Main Street Natural Gas Inc. Natural Gas Revenue PUT 5.000%   6/1/30      48,315     50,354
  Main Street Natural Gas Inc. Natural Gas Revenue PUT 5.000%   9/1/30     138,205    146,404
  Main Street Natural Gas Inc. Natural Gas Revenue PUT 5.000%  12/1/30      72,725     75,908
  Main Street Natural Gas Inc. Natural Gas Revenue PUT 5.000%   4/1/31      62,425     66,256
  Main Street Natural Gas Inc. Natural Gas Revenue PUT 5.000%   6/1/31     116,445    123,355
  Main Street Natural Gas Inc. Natural Gas Revenue PUT 5.000%   9/1/31      83,485     88,477
  Main Street Natural Gas Inc. Natural Gas Revenue PUT 5.000%  12/1/31      91,735     96,395
  Main Street Natural Gas Inc. Natural Gas Revenue PUT 5.000%   3/1/32      53,870     57,510
6 Main Street Natural Gas Inc. Natural Gas Revenue PUT 5.000%   6/1/32      46,605     49,788
  Main Street Natural Gas Inc. Natural Gas Revenue PUT 5.000%  12/1/32     206,925    218,572
  Metropolitan Atlanta Rapid Transit Authority Sales Tax Revenue 4.000%   7/1/35      12,000     12,135
  Metropolitan Atlanta Rapid Transit Authority Sales Tax Revenue 3.000%   7/1/37       3,730      3,381
  Metropolitan Atlanta Rapid Transit Authority Sales Tax Revenue 3.000%   7/1/37       8,000      7,252
  Metropolitan Atlanta Rapid Transit Authority Sales Tax Revenue 3.000%   7/1/38       4,335      3,867
  Metropolitan Atlanta Rapid Transit Authority Sales Tax Revenue 3.000%   7/1/39       2,000      1,749
  Metropolitan Atlanta Rapid Transit Authority Sales Tax Revenue 3.000%   7/1/39       2,055      1,798
  Metropolitan Atlanta Rapid Transit Authority Sales Tax Revenue 5.000%   7/1/39       1,000      1,114
  Metropolitan Atlanta Rapid Transit Authority Sales Tax Revenue 3.000%   7/1/40       3,000      2,584
  Metropolitan Atlanta Rapid Transit Authority Sales Tax Revenue 3.000%   7/1/41       4,000      3,385
  Metropolitan Atlanta Rapid Transit Authority Sales Tax Revenue 3.000%   7/1/42       1,000        839
10 Metropolitan Atlanta Rapid Transit Authority Sales Tax Revenue, ETM 5.250%   7/1/26       4,810      4,981
  Metropolitan Atlanta Rapid Transit Authority Sales Tax Revenue, Prere. 5.000%   7/1/26       5,310      5,472
  Milledgeville & Baldwin County Development Authority Lease (Appropriation) Revenue (Georgia College & State University Projects) 5.000%  6/15/29         450        482
  Milledgeville & Baldwin County Development Authority Lease (Appropriation) Revenue (Georgia College & State University Projects) 5.000%  6/15/30         700        760
  Milledgeville & Baldwin County Development Authority Lease (Appropriation) Revenue (Georgia College & State University Projects) 5.000%  6/15/32         700        765
  Milledgeville & Baldwin County Development Authority Lease (Appropriation) Revenue (Georgia College & State University Projects) 5.000%  6/15/33         850        926
  Milledgeville & Baldwin County Development Authority Lease (Appropriation) Revenue (Georgia College & State University Projects) 5.000%  6/15/34       1,000      1,086
  Milledgeville & Baldwin County Development Authority Lease (Appropriation) Revenue (Georgia College & State University Projects) 5.000%  6/15/35       2,100      2,274
  Milledgeville & Baldwin County Development Authority Lease (Appropriation) Revenue (Georgia College & State University Projects) 4.000%  6/15/36       1,000      1,007
  Milledgeville & Baldwin County Development Authority Lease (Appropriation) Revenue (Georgia College & State University Projects) 4.000%  6/15/37       2,300      2,305
  Monroe County Development Authority Electric Power & Light Revenue (Georgia Power Co. Plant Scherer Project) PUT 3.875%   3/6/26       2,075      2,092
  Monroe County Development Authority Electric Power & Light Revenue (Georgia Power Co. Plant Scherer Project) PUT 3.875%   3/6/26       2,810      2,834
  Monroe County Development Authority Electric Power & Light Revenue (Georgia Power Co. Plant Scherer Project) PUT 3.875%   3/6/26       1,230      1,240
  Monroe County Development Authority Electric Power & Light Revenue (Georgia Power Co. Plant Scherer Project) PUT 3.875%   3/6/26       1,230      1,240
6 Monroe County Development Authority Electric Power & Light Revenue (Oglethorpe Power Corp. Scherer Project) PUT 3.600%   2/1/30       5,135      5,131
  Paulding County GA Hospital Authority Health, Hospital, Nursing Home Revenue 4.000%   4/1/41       1,750      1,727
  Paulding County GA Hospital Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/43       1,565      1,656
  Private Colleges & Universities Authority College & University Revenue 5.000%   6/1/31         475        510
  Private Colleges & Universities Authority College & University Revenue 5.000%   6/1/32         400        432
  Private Colleges & Universities Authority College & University Revenue 5.000%   9/1/32       1,675      1,817
  Private Colleges & Universities Authority College & University Revenue 5.000%   6/1/33         550        593
4 Private Colleges & Universities Authority College & University Revenue 5.000%   9/1/33      50,000     55,943
  Private Colleges & Universities Authority College & University Revenue 4.000%   6/1/34         400        405
  Private Colleges & Universities Authority College & University Revenue 4.000%   6/1/35         500        503
  Private Colleges & Universities Authority College & University Revenue 4.000%   6/1/38         115        114
  Private Colleges & Universities Authority College & University Revenue 5.000%   9/1/39      11,480     12,147
  Private Colleges & Universities Authority College & University Revenue (Mercer University Project) 5.000%  10/1/29         350        375
  Private Colleges & Universities Authority College & University Revenue (Mercer University Project) 5.000%  10/1/30         125        135
  Private Colleges & Universities Authority College & University Revenue (Mercer University Project) 5.000%  10/1/31         100        109
  Private Colleges & Universities Authority College & University Revenue (Mercer University Project) 5.000%  10/1/32         150        164
  Private Colleges & Universities Authority College & University Revenue (Savannah College of Arts & Design Project) 4.000%   4/1/38       1,400      1,410
  Private Colleges & Universities Authority College & University Revenue (Savannah College of Arts & Design Project) 4.000%   4/1/39       1,300      1,301
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Private Colleges & Universities Authority College & University Revenue (Savannah College of Arts & Design Project) 4.000%   4/1/41       1,650      1,622
  Rockdale County Development Authority Health, Hospital, Nursing Home Revenue (Piedmont Healthcare Inc. Project) 4.000%   7/1/35       2,125      2,144
  Rockdale County Development Authority Health, Hospital, Nursing Home Revenue (Piedmont Healthcare Inc. Project) 4.000%   7/1/38       2,395      2,382
4 Savannah Hospital Authority Health, Hospital, Nursing Home Revenue 5.500%   7/1/28       3,250      3,472
4 Savannah Hospital Authority Health, Hospital, Nursing Home Revenue 5.500%   7/1/29       4,290      4,655
4 Savannah Hospital Authority Health, Hospital, Nursing Home Revenue 5.500%   7/1/30       3,000      3,291
4 Savannah Hospital Authority Health, Hospital, Nursing Home Revenue 5.500%   7/1/31       7,000      7,733
  Valdosta & Lowndes County Hospital Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/42       2,300      2,527
  Valdosta & Lowndes County Hospital Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/44       2,300      2,504
  Valdosta & Lowndes County Hospital Authority Intergovernmental Agreement Revenue RAN 5.000%  10/1/32       1,055      1,137
  Valdosta & Lowndes County Hospital Authority Intergovernmental Agreement Revenue RAN 5.000%  10/1/35       1,265      1,352
  Valdosta & Lowndes County Hospital Authority Intergovernmental Agreement Revenue RAN 5.000%  10/1/37         575        612
  Valdosta & Lowndes County Hospital Authority Intergovernmental Agreement Revenue RAN 4.000%  10/1/38         675        678
  Warner Robins Housing Authority Resident Council Corp. Local or Guaranteed Housing Revenue (Arbours at Wellston Project) PUT 5.000%   2/1/28         830        866
                                   2,803,711
Guam (0.2%)
  Antonio B Won Pat International Airport Authority Port, Airport & Marina Revenue 5.000%  10/1/30         100        108
  Antonio B Won Pat International Airport Authority Port, Airport & Marina Revenue 5.000%  10/1/31         100        109
  Antonio B Won Pat International Airport Authority Port, Airport & Marina Revenue 5.000%  10/1/32         100        109
  Antonio B Won Pat International Airport Authority Port, Airport & Marina Revenue 5.000%  10/1/33         100        109
  Antonio B Won Pat International Airport Authority Port, Airport & Marina Revenue 5.000%  10/1/34         100        109
  Antonio B Won Pat International Airport Authority Port, Airport & Marina Revenue 5.000%  10/1/35         150        163
  Antonio B Won Pat International Airport Authority Port, Airport & Marina Revenue 5.000%  10/1/37         100        108
  Antonio B Won Pat International Airport Authority Port, Airport & Marina Revenue 5.000%  10/1/38         125        135
  Antonio B Won Pat International Airport Authority Port, Airport & Marina Revenue 5.000%  10/1/39         125        134
  Antonio B Won Pat International Airport Authority Port, Airport & Marina Revenue 5.000%  10/1/40         100        107
  Antonio B Won Pat International Airport Authority Port, Airport & Marina Revenue 5.000%  10/1/41         150        159
  Antonio B Won Pat International Airport Authority Port, Airport & Marina Revenue 5.000%  10/1/42         100        105
  Antonio B Won Pat International Airport Authority Port, Airport & Marina Revenue 5.000%  10/1/43         100        105
  Guam Government Waterworks Authority Water Revenue 5.000%   7/1/26         750        767
  Guam Government Waterworks Authority Water Revenue 5.000%   7/1/27         600        623
  Guam Government Waterworks Authority Water Revenue 5.000%   7/1/28       1,000      1,034
  Guam Government Waterworks Authority Water Revenue 5.000%   7/1/29       2,065      2,132
  Guam Government Waterworks Authority Water Revenue 5.000%   7/1/29       1,000      1,066
  Guam Government Waterworks Authority Water Revenue 5.000%   7/1/30       1,250      1,347
  Guam Government Waterworks Authority Water Revenue 5.000%   7/1/31       1,000      1,086
  Guam Government Waterworks Authority Water Revenue 5.000%   7/1/31       1,330      1,444
  Guam Government Waterworks Authority Water Revenue 5.000%   7/1/32       1,325      1,447
  Guam Government Waterworks Authority Water Revenue 5.000%   7/1/32       3,000      3,277
  Guam Government Waterworks Authority Water Revenue 5.000%   7/1/33       2,000      2,195
  Guam Government Waterworks Authority Water Revenue 5.000%   7/1/33       3,100      3,403
  Guam Government Waterworks Authority Water Revenue 5.000%   7/1/34       1,475      1,623
  Guam Government Waterworks Authority Water Revenue 5.000%   7/1/34       1,800      1,981
  Guam Government Waterworks Authority Water Revenue 5.000%   7/1/35       1,600      1,743
  Guam Government Waterworks Authority Water Revenue 5.000%   7/1/36       2,450      2,674
  Guam Government Waterworks Authority Water Revenue 5.000%   7/1/37       2,350      2,552
  Guam Government Waterworks Authority Water Revenue 5.000%   7/1/44       1,000      1,051
  Guam Hotel Occupancy Tax Revenue 5.000%  11/1/28         500        521
  Guam Hotel Occupancy Tax Revenue 5.000%  11/1/29         500        525
  Guam Hotel Occupancy Tax Revenue 5.000%  11/1/30         375        396
  Guam Income Tax Revenue 5.000%  12/1/31       4,000      4,083
  Guam Income Tax Revenue 5.000%  12/1/34         750        764
  Guam Miscellaneous Taxes Revenue 5.000% 11/15/25      11,035     11,155
  Guam Miscellaneous Taxes Revenue 5.000% 11/15/26       5,940      6,012
  Guam Miscellaneous Taxes Revenue 5.000%   1/1/30         625        660
  Guam Miscellaneous Taxes Revenue 5.000% 11/15/30      10,100     10,194
  Guam Miscellaneous Taxes Revenue 5.000%   1/1/31       1,375      1,465
  Guam Miscellaneous Taxes Revenue 4.000%   1/1/36       3,650      3,566
  Guam Miscellaneous Taxes Revenue 4.000%   1/1/42       5,500      5,202
  Guam Power Authority Electric Power & Light Revenue 5.000%  10/1/26       1,225      1,258
  Guam Power Authority Electric Power & Light Revenue 5.000%  10/1/26       2,080      2,137
  Guam Power Authority Electric Power & Light Revenue 5.000%  10/1/27       1,230      1,281
  Guam Power Authority Electric Power & Light Revenue 5.000%  10/1/27       3,795      3,953
  Guam Power Authority Electric Power & Light Revenue 5.000%  10/1/28       5,165      5,350
  Guam Power Authority Electric Power & Light Revenue 5.000%  10/1/28       3,615      3,809
  Guam Power Authority Electric Power & Light Revenue 5.000%  10/1/29       5,425      5,615
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Guam Power Authority Electric Power & Light Revenue 5.000%  10/1/29       4,440      4,724
  Guam Power Authority Electric Power & Light Revenue 5.000%  10/1/29         500        532
  Guam Power Authority Electric Power & Light Revenue 5.000%  10/1/30       5,695      5,888
  Guam Power Authority Electric Power & Light Revenue 5.000%  10/1/30       7,520      8,066
  Guam Power Authority Electric Power & Light Revenue 5.000%  10/1/31       9,775     10,556
  Guam Power Authority Electric Power & Light Revenue 5.000%  10/1/31       1,000      1,080
  Guam Power Authority Electric Power & Light Revenue 5.000%  10/1/32       5,380      5,544
  Guam Power Authority Electric Power & Light Revenue 5.000%  10/1/32       3,570      3,879
  Guam Power Authority Electric Power & Light Revenue 5.000%  10/1/33       4,250      4,641
  Guam Power Authority Electric Power & Light Revenue 5.000%  10/1/33       1,675      1,829
  Guam Power Authority Electric Power & Light Revenue 5.000%  10/1/34       1,825      1,875
  Guam Power Authority Electric Power & Light Revenue 5.000%  10/1/34       3,945      4,288
  Guam Power Authority Electric Power & Light Revenue 5.000%  10/1/34         750        823
  Guam Power Authority Electric Power & Light Revenue 5.000%  10/1/35       2,690      2,761
  Guam Power Authority Electric Power & Light Revenue 5.000%  10/1/35       1,350      1,462
  Guam Power Authority Electric Power & Light Revenue 5.000%  10/1/36       3,815      3,910
  Guam Power Authority Electric Power & Light Revenue 5.000%  10/1/36         500        547
  Guam Power Authority Electric Power & Light Revenue 5.000%  10/1/37       5,000      5,114
  Guam Power Authority Electric Power & Light Revenue 5.000%  10/1/37         110        120
  Guam Power Authority Electric Power & Light Revenue 5.000%  10/1/39         365        391
  Guam Power Authority Electric Power & Light Revenue 5.000%  10/1/42         985      1,034
  Guam Power Authority Electric Power & Light Revenue 5.000%  10/1/44       1,685      1,741
                                     171,756
Hawaii (0.6%)
  Hawaii Airports System Port, Airport & Marina Revenue 4.000%   7/1/35      16,565     16,872
  Hawaii Airports System Port, Airport & Marina Revenue 4.000%   7/1/36      27,670     28,107
  Hawaii Airports System Port, Airport & Marina Revenue 4.000%   7/1/37       4,505      4,561
  Hawaii Airports System Port, Airport & Marina Revenue 4.000%   7/1/38      30,000     30,187
  Hawaii Airports System Port, Airport & Marina Revenue 4.000%   7/1/39      15,000     15,043
  Hawaii County HI GO 5.000%   9/1/28       1,000      1,023
  Hawaii County HI GO 5.000%   9/1/30       1,000      1,023
  Hawaii GO 4.000%   4/1/28       5,050      5,112
  Hawaii GO 5.000%  10/1/28       8,080      8,363
  Hawaii GO 5.000%  10/1/28       9,085      9,403
  Hawaii GO 4.000%   4/1/29      13,400     13,556
  Hawaii GO 5.000%  10/1/29       7,000      7,244
  Hawaii GO 4.000%   4/1/30      14,190     14,347
  Hawaii GO 4.000%   5/1/30      13,815     14,128
  Hawaii GO 4.000%  10/1/30       1,885      1,910
  Hawaii GO 4.000%   4/1/31       1,410      1,425
  Hawaii GO 4.000%  10/1/31       5,000      5,062
  Hawaii GO 4.000%  10/1/32       5,285      5,336
  Hawaii GO 5.000%   1/1/33      10,750     11,291
  Hawaii GO 4.000%   1/1/34       8,740      8,914
  Hawaii GO 5.000%   1/1/34       8,745      9,167
  Hawaii GO 5.000%   1/1/36      22,430     23,420
  Hawaii GO 5.000%   1/1/36      13,000     13,827
  Hawaii GO 5.000%   1/1/38       2,480      2,619
  Hawaii Harbor System Port, Airport & Marina Revenue 4.000%   7/1/36       1,000      1,022
  Hawaii Harbor System Port, Airport & Marina Revenue 4.000%   7/1/37         850        866
  Hawaii Harbor System Port, Airport & Marina Revenue 4.000%   7/1/38       1,305      1,322
  Hawaii Harbor System Port, Airport & Marina Revenue 4.000%   7/1/40         700        701
  Honolulu HI City & County GO 4.000%   7/1/34       1,405      1,458
  Honolulu HI City & County GO 5.000%   9/1/34       8,035      8,392
  Honolulu HI City & County GO 4.000%   9/1/36       2,930      2,973
  Honolulu HI City & County GO 3.000%   7/1/37       1,995      1,818
  Honolulu HI City & County GO 3.000%   7/1/37       2,030      1,857
  Honolulu HI City & County GO 4.000%   7/1/39       2,560      2,584
  Honolulu HI City & County GO 5.000%   7/1/39       1,000      1,111
  Honolulu HI City & County GO 4.000%   9/1/39       1,820      1,826
  Honolulu HI City & County GO 4.000%   7/1/40       1,000      1,005
  Honolulu HI City & County GO 5.000%   7/1/40         605        666
  Honolulu HI City & County GO 5.000%   9/1/40       4,830      5,016
  Honolulu HI City & County GO 5.000%   7/1/41       1,000      1,095
  Honolulu HI City & County GO 5.000%   7/1/41         890        983
  Honolulu HI City & County GO 5.000%   7/1/42       1,000      1,091
  Honolulu HI City & County GO 5.000%   7/1/42         650        715
  Honolulu HI City & County GO 5.000%   7/1/43       1,000      1,083
  Honolulu HI City & County GO 5.000%   7/1/45       1,000      1,087
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Honolulu HI City & County GO 5.000%   7/1/48       1,870      2,016
  Honolulu HI City & County (Honolulu Rail Transit Project) GO 5.000%   3/1/26       4,990      5,112
  Honolulu HI City & County (Honolulu Rail Transit Project) GO 5.000%   3/1/27       1,750      1,831
  Honolulu HI City & County (Honolulu Rail Transit Project) GO 5.000%   3/1/29       9,195      9,955
  Honolulu HI City & County (Honolulu Rail Transit Project) GO 3.000%   7/1/37         640        584
  Honolulu HI City & County (Honolulu Rail Transit Project) GO 3.000%   7/1/38       1,945      1,749
  Honolulu HI City & County (Honolulu Rail Transit Project) GO 3.000%   7/1/41       2,130      1,819
  Honolulu HI City & County Local or Guaranteed Housing Revenue PUT 5.000%   6/1/26       4,170      4,260
6 Honolulu HI City & County Wastewater System Sewer Revenue 5.000%   7/1/32       6,775      7,595
6 Honolulu HI City & County Wastewater System Sewer Revenue 5.000%   7/1/33       7,605      8,607
  Honolulu HI City & County Wastewater System Sewer Revenue 4.000%   7/1/34       4,010      4,122
6 Honolulu HI City & County Wastewater System Sewer Revenue 5.000%   7/1/34       3,575      4,079
  Honolulu HI City & County Wastewater System Sewer Revenue 4.000%   7/1/35       8,020      8,224
6 Honolulu HI City & County Wastewater System Sewer Revenue 5.000%   7/1/35       8,250      9,471
  Honolulu HI City & County Wastewater System Sewer Revenue 5.000%   7/1/36       3,000      3,130
6 Honolulu HI City & County Wastewater System Sewer Revenue 5.000%   7/1/36       5,275      6,028
6 Honolulu HI City & County Wastewater System Sewer Revenue 5.000%   7/1/37       3,315      3,771
  Honolulu HI City & County Wastewater System Sewer Revenue 4.000%   7/1/38       6,000      6,046
6 Honolulu HI City & County Wastewater System Sewer Revenue 5.000%   7/1/38      10,750     12,150
  Honolulu HI City & County Wastewater System Sewer Revenue 5.000%   7/1/40       2,000      2,204
  Honolulu HI City & County Wastewater System Sewer Revenue 5.000%   7/1/43       4,920      5,408
  Honolulu HI City & County Wastewater System Sewer Revenue 5.000%   7/1/44       1,425      1,559
  Honolulu HI City & County Wastewater System Sewer Revenue, Prere. 5.000%   7/1/25       6,765      6,827
  Honolulu HI City & County Wastewater System Sewer Revenue, Prere. 5.000%   7/1/25       6,835      6,898
  Kauai County Community Facilities District Special Tax Revenue (Kukui'ula Development Project) 4.375%  5/15/42       4,000      3,689
  Maui County HI GO 2.000%   3/1/39       2,365      1,705
  Maui County HI GO 2.000%   3/1/40       2,425      1,689
  Maui County HI GO 2.000%   3/1/41       1,485      1,007
  University of Hawaii College & University Revenue 3.000%  10/1/34       3,535      3,335
  University of Hawaii College & University Revenue 4.000%  10/1/35       1,845      1,901
  University of Hawaii College & University Revenue 3.000%  10/1/36       2,845      2,644
  University of Hawaii College & University Revenue (Medical School Project) 5.000%  10/1/26       7,010      7,257
                                     437,283
Idaho (0.2%)
  Boise City ID Airport Port, Airport & Marina Revenue (Public Parking Facilities Project) 5.000%   9/1/39       1,265      1,360
  Canyon County School District No. 139 Vallivue GO 5.000%  9/15/39         750        829
  Canyon County School District No. 139 Vallivue GO 5.000%  9/15/40       2,550      2,804
  Canyon County School District No. 139 Vallivue GO 5.000%  9/15/42       2,175      2,369
  Canyon County School District No. 139 Vallivue GO 5.000%  9/15/43       1,000      1,084
  Idaho Health Facilities Authority Health, Hospital, Nursing Home Revenue (St. Luke's Health System Project) 5.000%   3/1/28       4,060      4,294
  Idaho Health Facilities Authority Health, Hospital, Nursing Home Revenue (St. Luke's Health System Project) 5.000%   3/1/29       4,810      5,100
  Idaho Health Facilities Authority Health, Hospital, Nursing Home Revenue (St. Luke's Health System Project) 5.000%   3/1/30       4,525      4,764
6 Idaho Health Facilities Authority Health, Hospital, Nursing Home Revenue (St. Lukes's Health System Project) 5.000%   3/1/41       3,200      3,511
6 Idaho Health Facilities Authority Health, Hospital, Nursing Home Revenue (St. Lukes's Health System Project) 5.000%   3/1/42       3,500      3,810
6 Idaho Health Facilities Authority Health, Hospital, Nursing Home Revenue (St. Lukes's Health System Project) 5.000%   3/1/43       2,955      3,183
6 Idaho Health Facilities Authority Health, Hospital, Nursing Home Revenue (St. Lukes's Health System Project) 5.000%   3/1/44       3,750      4,024
6 Idaho Health Facilities Authority Health, Hospital, Nursing Home Revenue (St. Lukes's Health System Project) PUT 5.000%   3/1/32       9,180     10,066
6 Idaho Health Facilities Authority Health, Hospital, Nursing Home Revenue (St. Lukes's Health System Project) PUT 5.000%   3/1/35      10,900     12,099
5 Idaho Health Facilities Authority Health, Hospital, Nursing Home Revenue (St. Lukes's Health System Project) VRDO 1.650%   2/3/25      15,000     15,000
  Idaho Health Facilities Authority Revenue (Kootenai Health Project) 4.375%   7/1/34       4,425      4,426
  Idaho Housing & Finance Association Appropriations Revenue 4.000%  7/15/36       1,000      1,018
  Idaho Housing & Finance Association Appropriations Revenue 4.000%  7/15/37       1,250      1,267
  Idaho Housing & Finance Association Appropriations Revenue RAN 5.000%  7/15/26       1,010      1,042
  Idaho Housing & Finance Association Appropriations Revenue RAN 5.000%  7/15/27       5,655      5,950
  Idaho Housing & Finance Association Local or Guaranteed Housing Revenue 5.500%   1/1/53      16,725     17,881
  Idaho Housing & Finance Association Local or Guaranteed Housing Revenue 6.000%   7/1/54       3,615      3,984
  Idaho State Building Authority Intergovernmental Agreement Revenue 5.000%   6/1/30       2,210      2,448
  Idaho State Building Authority Intergovernmental Agreement Revenue 5.000%   6/1/31      14,000     15,734
  Idaho State Building Authority Intergovernmental Agreement Revenue 5.000%   6/1/33       8,710     10,000
  Idaho State Building Authority Intergovernmental Agreement Revenue 5.000%   6/1/34       6,000      6,949
1 University of Idaho College & University Revenue 5.000%   4/1/34       1,735      1,873
1 University of Idaho College & University Revenue 5.000%   4/1/36       1,915      2,056
1 University of Idaho College & University Revenue 5.000%   4/1/38       1,000      1,065
1 University of Idaho College & University Revenue 4.000%   4/1/40       1,150      1,160
                                     151,150
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
Illinois (6.1%)
3 Bolingbrook IL Special Tax Revenue 4.000%   3/1/26       1,070      1,081
3 Bolingbrook IL Special Tax Revenue 4.000%   3/1/28       1,085      1,103
3 Bolingbrook IL Special Tax Revenue 4.000%   3/1/29       2,734      2,771
  Champaign County Community Unit School District No. 4 Champaign GO 5.000%   1/1/31       1,640      1,669
  Champaign County Community Unit School District No. 4 Champaign GO 5.000%   1/1/33       2,100      2,198
  Champaign IL GO 5.000% 12/15/39       1,530      1,674
  Champaign IL GO 5.000% 12/15/40       1,090      1,187
  Champaign IL GO 4.000% 12/15/42       1,565      1,541
  Chicago Board of Education Dedicated Capital Improvement Tax Ad Valorem Property Tax Revenue 5.250%   4/1/33       1,700      1,864
  Chicago Board of Education Dedicated Capital Improvement Tax Ad Valorem Property Tax Revenue 5.250%   4/1/34       2,000      2,184
  Chicago Board of Education Dedicated Capital Improvement Tax Ad Valorem Property Tax Revenue 5.250%   4/1/35       5,805      6,303
  Chicago Board of Education Dedicated Capital Improvement Tax Ad Valorem Property Tax Revenue 5.750%   4/1/35         825        852
  Chicago Board of Education Dedicated Capital Improvement Tax Ad Valorem Property Tax Revenue 5.250%   4/1/36       4,105      4,440
  Chicago Board of Education Dedicated Capital Improvement Tax Ad Valorem Property Tax Revenue 6.100%   4/1/36       9,500      9,889
  Chicago Board of Education Dedicated Capital Improvement Tax Ad Valorem Property Tax Revenue 5.250%   4/1/37       7,355      7,926
  Chicago Board of Education Dedicated Capital Improvement Tax Ad Valorem Property Tax Revenue 5.000%   4/1/38       3,250      3,429
  Chicago Board of Education Dedicated Capital Improvement Tax Ad Valorem Property Tax Revenue 5.250%   4/1/39       2,750      2,931
  Chicago Board of Education Dedicated Capital Improvement Tax Ad Valorem Property Tax Revenue 5.250%   4/1/40       4,100      4,357
  Chicago Board of Education Dedicated Capital Improvement Tax Ad Valorem Property Tax Revenue 5.000%   4/1/41       4,025      4,192
  Chicago Board of Education Dedicated Capital Improvement Tax Ad Valorem Property Tax Revenue 5.500%   4/1/42       5,270      5,645
  Chicago Board of Education Dedicated Capital Improvement Tax Ad Valorem Property Tax Revenue 5.500%   4/1/43       4,690      5,006
  Chicago Board of Education Dedicated Capital Improvement Tax Miscellaneous Taxes Revenue 5.000%   4/1/33       1,700      1,741
  Chicago Board of Education Dedicated Capital Improvement Tax Miscellaneous Taxes Revenue 5.000%   4/1/34       1,535      1,570
  Chicago Board of Education Dedicated Capital Improvement Tax Miscellaneous Taxes Revenue 5.000%   4/1/35       1,615      1,647
  Chicago Board of Education Dedicated Capital Improvement Tax Miscellaneous Taxes Revenue 5.000%   4/1/37       1,535      1,562
  Chicago Board of Education Dedicated Capital Improvement Tax Miscellaneous Taxes Revenue 5.000%   4/1/38       1,700      1,727
  Chicago Board of Education GO 0.000%  12/1/25       1,300      1,259
  Chicago Board of Education GO 5.000%  12/1/25      11,000     11,055
10 Chicago Board of Education GO 0.000%  12/1/26       5,990      5,583
3 Chicago Board of Education GO 5.000%  12/1/26       3,560      3,657
  Chicago Board of Education GO 5.000%  12/1/26      12,265     12,430
  Chicago Board of Education GO 5.000%  12/1/26       5,000      5,067
  Chicago Board of Education GO 7.000%  12/1/26      19,600     20,019
  Chicago Board of Education GO 0.000%  12/1/27       1,290      1,151
  Chicago Board of Education GO 4.000%  12/1/27       7,175      7,151
3 Chicago Board of Education GO 5.000%  12/1/27       2,750      2,855
  Chicago Board of Education GO 5.000%  12/1/27       1,000      1,023
  Chicago Board of Education GO 5.000%  12/1/27       1,625      1,663
10 Chicago Board of Education GO 0.000%  12/1/28      10,685      9,165
10 Chicago Board of Education GO 0.000%  12/1/28       4,530      3,886
3 Chicago Board of Education GO 5.000%  12/1/28       3,000      3,141
  Chicago Board of Education GO 5.000%  12/1/28      11,100     11,396
  Chicago Board of Education GO 5.000%  12/1/28       4,000      4,107
10 Chicago Board of Education GO 0.000%  12/1/29         465        382
10 Chicago Board of Education GO 0.000%  12/1/29         360        296
3,9 Chicago Board of Education GO 0.000%  12/1/29       1,165        967
3 Chicago Board of Education GO 5.000%  12/1/29       2,500      2,609
  Chicago Board of Education GO 5.000%  12/1/29       9,625      9,927
  Chicago Board of Education GO 5.000%  12/1/29       2,200      2,269
10 Chicago Board of Education GO 0.000%  12/1/30       1,610      1,270
10 Chicago Board of Education GO 0.000%  12/1/30      20,775     16,387
9,10 Chicago Board of Education GO 0.000%  12/1/30      12,780     10,080
  Chicago Board of Education GO 5.000%  12/1/30       1,180      1,212
3 Chicago Board of Education GO 5.000%  12/1/30       1,500      1,564
  Chicago Board of Education GO 5.000%  12/1/30       6,750      6,993
  Chicago Board of Education GO 5.000%  12/1/30       5,535      5,620
13 Chicago Board of Education GO 5.500%  12/1/30         115        120
10 Chicago Board of Education GO 0.000%  12/1/31      23,570     17,750
9,10 Chicago Board of Education GO 0.000%  12/1/31      10,000      7,684
  Chicago Board of Education GO 5.000%  12/1/31         600        615
  Chicago Board of Education GO 5.000%  12/1/31       1,750      1,808
  Chicago Board of Education GO 5.500%  12/1/31      16,265     17,375
  Chicago Board of Education GO 5.000%  12/1/32       1,610      1,645
  Chicago Board of Education GO 5.000%  12/1/32      10,100     10,412
  Chicago Board of Education GO 5.000%  12/1/33       2,155      2,215
  Chicago Board of Education GO 5.000%  12/1/34         700        711
  Chicago Board of Education GO 5.000%  12/1/34       2,000      2,020
  Chicago Board of Education GO 5.000%  12/1/34      11,075     11,351
  Chicago Board of Education GO 5.000%  12/1/34       1,360      1,374
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Chicago Board of Education GO 5.000%  12/1/35       2,750      2,787
  Chicago Board of Education GO 5.000%  12/1/35       1,000      1,021
  Chicago Board of Education GO 5.250%  12/1/35       7,170      7,170
  Chicago Board of Education GO 5.250%  12/1/35       5,500      5,794
  Chicago Board of Education GO 5.000%  12/1/36       5,210      5,243
  Chicago Board of Education GO 5.000%  12/1/36       1,000      1,018
  Chicago Board of Education GO 5.000%  12/1/36       1,400      1,425
  Chicago Board of Education GO 4.000%  12/1/37      27,630     25,828
  Chicago Board of Education GO 5.500%  12/1/37      11,650     12,372
  Chicago Board of Education GO 4.000%  12/1/38      20,000     18,489
  Chicago Board of Education GO 5.000%  12/1/38       3,000      3,034
  Chicago Board of Education GO 5.500%  12/1/38      13,985     14,803
  Chicago Board of Education GO 4.000%  12/1/40      13,425     12,219
  Chicago Board of Education GO 4.000%  12/1/41       9,425      8,512
  Chicago Board of Education GO 5.000%  12/1/41       1,100      1,106
  Chicago Board of Education GO 4.000%  12/1/42      17,250     15,393
4 Chicago Board of Education GO 7.000%  12/1/42       5,600      5,945
  Chicago Board of Education GO 4.000%  12/1/43       2,000      1,765
  Chicago Housing Authority Local or Guaranteed Housing Revenue 5.000%   1/1/27       3,765      3,895
  Chicago Housing Authority Local or Guaranteed Housing Revenue 5.000%   1/1/28       2,000      2,102
  Chicago Housing Authority Local or Guaranteed Housing Revenue 5.000%   1/1/30       1,250      1,302
  Chicago Housing Authority Local or Guaranteed Housing Revenue 5.000%   1/1/31       1,250      1,301
  Chicago Housing Authority Local or Guaranteed Housing Revenue 5.000%   1/1/33       1,885      1,953
  Chicago Housing Authority Local or Guaranteed Housing Revenue 5.000%   1/1/34       4,205      4,357
  Chicago Housing Authority Local or Guaranteed Housing Revenue 5.000%   1/1/36       6,140      6,337
  Chicago IL GO 5.000%   1/1/27       3,605      3,642
  Chicago IL GO 5.000%   1/1/27       6,555      6,701
  Chicago IL GO 5.000%   1/1/28       8,000      8,267
  Chicago IL GO 5.000%   1/1/28       5,125      5,296
  Chicago IL GO 5.000%   1/1/29       3,000      3,126
  Chicago IL GO 5.000%   1/1/29      26,350     27,458
  Chicago IL GO 5.000%   1/1/30       9,540     10,026
10 Chicago IL GO 0.000%   1/1/31         875        697
  Chicago IL GO 5.000%   1/1/31       1,300      1,355
  Chicago IL GO 5.000%   1/1/31       9,120      9,645
  Chicago IL GO 4.000%   1/1/32       6,990      6,990
  Chicago IL GO 5.000%   1/1/32         800        832
  Chicago IL GO 5.000%   1/1/32       3,680      3,911
  Chicago IL GO 4.000%   1/1/33       1,525      1,512
  Chicago IL GO 5.000%   1/1/33       1,500      1,564
  Chicago IL GO 5.000%   1/1/33       1,000      1,054
  Chicago IL GO 5.000%   1/1/33      37,210     39,710
  Chicago IL GO 5.000%   1/1/34       3,290      3,452
  Chicago IL GO 5.000%   1/1/34      20,585     22,022
  Chicago IL GO 4.000%   1/1/35       1,010        987
  Chicago IL GO 4.000%   1/1/35      16,790     16,410
  Chicago IL GO 5.000%   1/1/35       2,315      2,418
  Chicago IL GO 5.000%   1/1/35       6,000      6,419
  Chicago IL GO 5.500%   1/1/35       7,000      7,312
  Chicago IL GO 4.000%   1/1/37       1,461      1,393
  Chicago IL GO 4.000%   1/1/38       6,228      5,887
  Chicago IL GO 5.250%   1/1/38       1,250      1,311
  Chicago IL GO 5.250%   1/1/38       8,110      8,478
10 Chicago IL GO 0.000%   1/1/39      25,420     13,519
  Chicago IL GO 5.500%   1/1/39      13,500     14,306
  Chicago IL GO 5.500%   1/1/39       7,190      7,619
  Chicago IL GO 5.000%   1/1/40       1,500      1,519
  Chicago IL GO 5.500%   1/1/40       1,000      1,055
  Chicago IL GO 5.000%   1/1/41       6,375      6,516
  Chicago IL GO 5.000%   1/1/41       3,080      3,176
  Chicago IL GO 5.000%   1/1/42      13,305     13,529
  Chicago IL GO 5.000%   1/1/43      18,850     19,067
  Chicago IL GO 5.500%   1/1/43         500        517
  Chicago IL GO 4.000%   1/1/44       1,333      1,194
  Chicago IL GO 5.000%   1/1/44       1,000      1,006
  Chicago IL GO 5.000%   1/1/44      45,015     45,354
  Chicago IL GO 5.000%   1/1/45      18,830     18,899
  Chicago IL GO, ETM 5.000%   1/1/26      13,335     13,593
  Chicago IL GO, ETM 5.000%   1/1/26       5,000      5,055
  Chicago IL GO, ETM 5.000%   1/1/27       2,445      2,543
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Chicago IL GO, ETM 5.000%   1/1/28         875        927
  Chicago IL Wastewater Transmission Sewer Revenue 5.000%   1/1/26       3,100      3,155
  Chicago IL Wastewater Transmission Sewer Revenue 5.000%   1/1/27       2,545      2,638
  Chicago IL Wastewater Transmission Sewer Revenue 5.000%   1/1/28       3,330      3,450
  Chicago IL Wastewater Transmission Sewer Revenue 5.000%   1/1/28       9,030      9,356
10 Chicago IL Wastewater Transmission Sewer Revenue 5.500%   1/1/30      16,430     17,247
3 Chicago IL Wastewater Transmission Sewer Revenue 5.000%   1/1/35       3,350      3,687
1 Chicago IL Wastewater Transmission Sewer Revenue 5.000%   1/1/38       1,000      1,108
1 Chicago IL Wastewater Transmission Sewer Revenue 5.000%   1/1/39       2,000      2,200
1 Chicago IL Wastewater Transmission Sewer Revenue 5.000%   1/1/41       1,000      1,088
1 Chicago IL Wastewater Transmission Sewer Revenue 5.000%   1/1/42       2,545      2,757
1 Chicago IL Wastewater Transmission Sewer Revenue 5.000%   1/1/43       2,500      2,699
1 Chicago IL Wastewater Transmission Sewer Revenue 5.000%   1/1/44       2,000      2,146
3,4 Chicago IL Water Revenue TOB VRDO 2.070%   2/3/25       2,000      2,000
  Chicago IL Waterworks Water Revenue 5.000%  11/1/29       7,050      7,394
  Chicago IL Waterworks Water Revenue 5.000%  11/1/30       2,040      2,241
3 Chicago IL Waterworks Water Revenue 5.000%  11/1/31       5,000      5,566
  Chicago IL Waterworks Water Revenue 5.000%  11/1/31       1,765      1,958
3 Chicago IL Waterworks Water Revenue 5.000%  11/1/32       5,155      5,714
  Chicago IL Waterworks Water Revenue 5.000%  11/1/32       3,170      3,531
3 Chicago IL Waterworks Water Revenue 5.000%  11/1/33       1,000      1,103
  Chicago IL Waterworks Water Revenue 5.000%  11/1/33      10,000     11,161
3 Chicago IL Waterworks Water Revenue 5.000%  11/1/36       1,000      1,092
  Chicago IL Waterworks Water Revenue 5.000%  11/1/37      10,000     11,142
3 Chicago IL Waterworks Water Revenue 5.000%  11/1/38       1,500      1,544
3 Chicago IL Waterworks Water Revenue 5.000%  11/1/39       1,500      1,616
3 Chicago IL Waterworks Water Revenue 4.000%  11/1/40       8,930      8,711
  Chicago IL Waterworks Water Revenue 5.000%  11/1/40      11,250     12,239
  Chicago IL Waterworks Water Revenue 5.000%  11/1/41       5,720      6,186
  Chicago IL Waterworks Water Revenue 5.000%  11/1/42       9,000      9,673
  Chicago IL Waterworks Water Revenue 5.000%  11/1/43       9,000      9,624
  Chicago IL Waterworks Water Revenue 5.000%  11/1/44       9,000      9,530
  Chicago O'Hare International Airport Port, Airport & Marina Revenue 5.000%   1/1/27      32,400     33,644
  Chicago O'Hare International Airport Port, Airport & Marina Revenue 5.000%   1/1/28       1,215      1,258
  Chicago O'Hare International Airport Port, Airport & Marina Revenue 5.000%   1/1/28       2,365      2,448
  Chicago O'Hare International Airport Port, Airport & Marina Revenue 5.000%   1/1/28         570        580
  Chicago O'Hare International Airport Port, Airport & Marina Revenue 5.250%   1/1/28       5,100      5,303
  Chicago O'Hare International Airport Port, Airport & Marina Revenue 5.000%   1/1/29       1,035      1,071
  Chicago O'Hare International Airport Port, Airport & Marina Revenue 5.000%   1/1/29       2,440      2,480
  Chicago O'Hare International Airport Port, Airport & Marina Revenue 5.000%   1/1/29       2,010      2,079
  Chicago O'Hare International Airport Port, Airport & Marina Revenue 5.250%   1/1/29       1,500      1,558
  Chicago O'Hare International Airport Port, Airport & Marina Revenue 5.000%   1/1/30       5,700      5,791
  Chicago O'Hare International Airport Port, Airport & Marina Revenue 5.000%   1/1/30       1,545      1,596
  Chicago O'Hare International Airport Port, Airport & Marina Revenue 5.250%   1/1/30       3,085      3,201
  Chicago O'Hare International Airport Port, Airport & Marina Revenue 5.000%   1/1/31         745        769
  Chicago O'Hare International Airport Port, Airport & Marina Revenue 5.000%   1/1/31      13,380     13,588
  Chicago O'Hare International Airport Port, Airport & Marina Revenue 5.000%   1/1/31       2,060      2,126
  Chicago O'Hare International Airport Port, Airport & Marina Revenue 5.000%   1/1/31       9,850     10,854
  Chicago O'Hare International Airport Port, Airport & Marina Revenue 5.250%   1/1/31       3,630      3,763
  Chicago O'Hare International Airport Port, Airport & Marina Revenue 5.000%   1/1/32       3,500      3,552
  Chicago O'Hare International Airport Port, Airport & Marina Revenue 5.000%   1/1/32       4,750      4,821
  Chicago O'Hare International Airport Port, Airport & Marina Revenue 5.000%   1/1/32      10,890     12,128
  Chicago O'Hare International Airport Port, Airport & Marina Revenue 5.000%   1/1/33      10,605     10,918
  Chicago O'Hare International Airport Port, Airport & Marina Revenue 5.000%   1/1/33       4,750      4,815
  Chicago O'Hare International Airport Port, Airport & Marina Revenue 5.000%   1/1/33       9,370     10,547
  Chicago O'Hare International Airport Port, Airport & Marina Revenue 5.000%   1/1/34      10,165     10,456
  Chicago O'Hare International Airport Port, Airport & Marina Revenue 5.000%   1/1/34      19,560     19,815
  Chicago O'Hare International Airport Port, Airport & Marina Revenue 5.000%   1/1/34      23,500     25,330
  Chicago O'Hare International Airport Port, Airport & Marina Revenue 5.000%   1/1/34       6,200      6,683
  Chicago O'Hare International Airport Port, Airport & Marina Revenue 5.000%   1/1/34       8,390      9,525
  Chicago O'Hare International Airport Port, Airport & Marina Revenue 4.000%   1/1/35      35,915     36,569
  Chicago O'Hare International Airport Port, Airport & Marina Revenue 4.000%   1/1/35       5,000      5,091
  Chicago O'Hare International Airport Port, Airport & Marina Revenue 5.000%   1/1/35      15,500     15,928
  Chicago O'Hare International Airport Port, Airport & Marina Revenue 5.000%   1/1/35      12,250     12,404
  Chicago O'Hare International Airport Port, Airport & Marina Revenue 5.000%   1/1/35      15,430     15,624
  Chicago O'Hare International Airport Port, Airport & Marina Revenue 5.000%   1/1/35       6,200      6,668
  Chicago O'Hare International Airport Port, Airport & Marina Revenue 4.000%   1/1/36       5,780      5,858
  Chicago O'Hare International Airport Port, Airport & Marina Revenue 5.000%   1/1/36       3,000      3,169
  Chicago O'Hare International Airport Port, Airport & Marina Revenue 5.000%   1/1/36       8,750      8,856
  Chicago O'Hare International Airport Port, Airport & Marina Revenue 5.000%   1/1/36       1,300      1,429
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
1 Chicago O'Hare International Airport Port, Airport & Marina Revenue 5.000%   1/1/36       1,000      1,120
  Chicago O'Hare International Airport Port, Airport & Marina Revenue 4.000%   1/1/37      14,500     14,627
3 Chicago O'Hare International Airport Port, Airport & Marina Revenue 4.000%   1/1/37      10,000     10,065
1 Chicago O'Hare International Airport Port, Airport & Marina Revenue 4.000%   1/1/37      12,790     12,902
  Chicago O'Hare International Airport Port, Airport & Marina Revenue 5.000%   1/1/37       5,225      5,359
  Chicago O'Hare International Airport Port, Airport & Marina Revenue 5.000%   1/1/37       3,035      3,200
  Chicago O'Hare International Airport Port, Airport & Marina Revenue 5.000%   1/1/37       1,040      1,052
  Chicago O'Hare International Airport Port, Airport & Marina Revenue 5.000%   1/1/37      10,885     11,011
1 Chicago O'Hare International Airport Port, Airport & Marina Revenue 5.000%   1/1/37       1,330      1,484
  Chicago O'Hare International Airport Port, Airport & Marina Revenue 5.000%   1/1/38       3,000      3,153
3 Chicago O'Hare International Airport Port, Airport & Marina Revenue 5.000%   1/1/38       5,000      5,484
1 Chicago O'Hare International Airport Port, Airport & Marina Revenue 5.000%   1/1/38       2,285      2,534
  Chicago O'Hare International Airport Port, Airport & Marina Revenue 5.000%   1/1/38       2,750      3,058
3 Chicago O'Hare International Airport Port, Airport & Marina Revenue 5.000%   1/1/39       7,000      7,624
  Chicago O'Hare International Airport Port, Airport & Marina Revenue 5.000%   1/1/39       2,100      2,323
1 Chicago O'Hare International Airport Port, Airport & Marina Revenue 5.250%   1/1/39       1,195      1,336
  Chicago O'Hare International Airport Port, Airport & Marina Revenue 5.000%   1/1/40       1,850      2,033
  Chicago O'Hare International Airport Port, Airport & Marina Revenue 5.000%   1/1/41       2,500      2,728
1 Chicago O'Hare International Airport Port, Airport & Marina Revenue 5.250%   1/1/41       1,955      2,161
  Chicago O'Hare International Airport Port, Airport & Marina Revenue 4.000%   1/1/42       5,000      4,844
  Chicago O'Hare International Airport Port, Airport & Marina Revenue 5.000%   1/1/42       3,725      4,036
1 Chicago O'Hare International Airport Port, Airport & Marina Revenue 5.250%   1/1/42       1,470      1,619
  Chicago O'Hare International Airport Port, Airport & Marina Revenue 4.000%   1/1/43      15,630     15,101
  Chicago O'Hare International Airport Port, Airport & Marina Revenue 5.000%   1/1/43       3,590      3,873
1 Chicago O'Hare International Airport Port, Airport & Marina Revenue 5.250%   1/1/43       1,660      1,820
  Chicago O'Hare International Airport Port, Airport & Marina Revenue 5.250%   1/1/44       4,250      4,661
  Chicago O'Hare International Airport Port, Airport & Marina Revenue 5.000%   1/1/48      21,000     22,208
  Chicago Park District GO 5.000%   1/1/26         515        523
  Chicago Park District GO 5.000%   1/1/27       1,000      1,015
  Chicago Park District GO 5.000%   1/1/27       2,085      2,159
  Chicago Park District GO 5.000%   1/1/27       1,000      1,036
  Chicago Park District GO 5.000%   1/1/28       1,000      1,013
  Chicago Park District GO 5.000%   1/1/28       1,420      1,495
  Chicago Park District GO 5.000%   1/1/28       1,140      1,201
  Chicago Park District GO 5.000%   1/1/29         985        997
1 Chicago Park District GO 5.000%   1/1/30       4,500      4,715
1 Chicago Park District GO 5.000%   1/1/30       1,000      1,014
  Chicago Park District GO 4.000%   1/1/31       1,250      1,277
  Chicago Park District GO 4.000%   1/1/31         505        516
1 Chicago Park District GO 5.000%   1/1/31       5,570      5,832
1 Chicago Park District GO 5.000%   1/1/31       1,600      1,675
1 Chicago Park District GO 5.000%   1/1/31       1,000      1,014
1 Chicago Park District GO 5.000%   1/1/31       2,000      2,027
1 Chicago Park District GO 5.000%   1/1/32       5,545      5,797
1 Chicago Park District GO 5.000%   1/1/32       5,000      5,228
1 Chicago Park District GO 5.000%   1/1/32       1,750      1,879
1 Chicago Park District GO 5.000%   1/1/33       1,720      1,796
1 Chicago Park District GO 5.000%   1/1/33       5,140      5,366
1 Chicago Park District GO 5.000%   1/1/33       2,000      2,024
1 Chicago Park District GO 5.000%   1/1/33       2,620      2,735
1 Chicago Park District GO 5.000%   1/1/33       3,455      3,695
1 Chicago Park District GO 4.000%   1/1/34       1,375      1,392
1 Chicago Park District GO 5.000%   1/1/34       1,640      1,710
1 Chicago Park District GO 5.000%   1/1/34       2,000      2,024
1 Chicago Park District GO 4.000%   1/1/35       2,240      2,262
1 Chicago Park District GO 5.000%   1/1/35       1,775      1,848
1 Chicago Park District GO 5.000%   1/1/35       2,715      2,891
1 Chicago Park District GO 4.000%   1/1/36       1,500      1,511
1 Chicago Park District GO 5.000%   1/1/37       1,000      1,060
  Chicago Park District GO 5.000%   1/1/38         400        437
  Chicago Park District GO 5.000%   1/1/38       4,000      4,368
  Chicago Park District GO 5.000%   1/1/39       2,670      2,795
1 Chicago Park District GO 5.000%   1/1/39       2,000      2,101
  Chicago Park District GO 5.000%   1/1/39       1,400      1,493
  Chicago Park District GO 5.000%   1/1/39       1,000      1,083
  Chicago Park District GO 5.000%   1/1/40       1,000      1,061
  Chicago Park District GO 5.000%   1/1/40         650        699
  Chicago Park District GO 5.000%   1/1/41       3,370      3,559
  Chicago Park District GO 5.000%   1/1/41         650        695
1 Chicago Park District GO 4.000%   1/1/42       4,595      4,420
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Chicago Park District GO 5.000%   1/1/42         400        426
  Chicago Park District GO 5.000%   1/1/43         480        509
  Chicago Park District GO 5.000%   1/1/44         500        528
  Chicago Transit Authority Capital Grant Receipts Government Fund/Grant Revenue 5.000%   6/1/26       2,075      2,126
  Chicago Transit Authority Capital Grant Receipts Government Fund/Grant Revenue 5.000%   6/1/26       1,035      1,061
  Chicago Transit Authority Sales Tax Receipts Fund Sales Tax Revenue 5.000%  12/1/41       6,805      7,411
  Chicago Transit Authority Sales Tax Receipts Fund Sales Tax Revenue 5.000%  12/1/42       5,000      5,407
  Chicago Transit Authority Sales Tax Receipts Fund Sales Tax Revenue 5.000%  12/1/43      19,440     20,891
  Chicago Transit Authority Sales Tax Receipts Fund Sales Tax Revenue 5.000%  12/1/44      22,760     24,307
1 Cook County Community College District No. 508 GO 5.000%  12/1/29       1,000      1,068
1 Cook County Community College District No. 508 GO 5.000%  12/1/30       1,205      1,301
1 Cook County Community College District No. 508 GO 5.000%  12/1/31       1,515      1,647
1 Cook County Community College District No. 508 GO 5.000%  12/1/32       1,895      2,073
1 Cook County Community College District No. 508 GO 5.000%  12/1/33       2,750      3,025
1 Cook County Community College District No. 508 GO 5.000%  12/1/34       2,000      2,197
1 Cook County Community College District No. 508 GO 5.000%  12/1/35       2,000      2,188
1 Cook County Community College District No. 508 GO 5.000%  12/1/36       2,370      2,582
1 Cook County Community College District No. 508 GO 5.000%  12/1/37       1,500      1,625
1 Cook County Community College District No. 508 GO 5.000%  12/1/38       2,000      2,156
1 Cook County Community College District No. 508 GO 5.000%  12/1/39       2,500      2,671
1 Cook County Community College District No. 508 GO 5.000%  12/1/40       4,400      4,677
1 Cook County Community College District No. 508 GO 5.000%  12/1/41       4,440      4,693
1 Cook County Community College District No. 508 GO 5.000%  12/1/42       5,885      6,194
1 Cook County Community College District No. 508 GO 5.000%  12/1/43       2,220      2,326
  Cook County Consolidated High School District No. 200 Oak Park GO 4.000% 12/15/40       2,670      2,688
  Cook County Consolidated High School District No. 200 Oak Park GO 4.000% 12/15/41       2,780      2,786
  Cook County Consolidated High School District No. 200 Oak Park GO 4.000% 12/15/42       2,895      2,895
  Cook County Consolidated High School District No. 200 Oak Park GO 4.000% 12/15/43       3,015      2,975
  Cook County Consolidated High School District No. 200 Oak Park GO 4.000% 12/15/44       2,855      2,774
3 Cook County IL GO 5.000% 11/15/26       2,500      2,589
  Cook County IL GO 5.000% 11/15/29       3,265      3,544
  Cook County IL GO 5.000% 11/15/31       2,000      2,068
  Cook County IL GO 5.000% 11/15/32       1,615      1,763
  Cook County IL GO 5.000% 11/15/33       1,390      1,515
  Cook County IL GO 5.000% 11/15/33       1,425      1,600
  Cook County IL GO 5.000% 11/15/34       1,180      1,217
  Cook County IL GO 5.000% 11/15/35       1,025      1,056
  Cook County IL Sales Tax Revenue 5.000% 11/15/27         750        789
  Cook County IL Sales Tax Revenue 5.000% 11/15/28       1,000      1,068
  Cook County IL Sales Tax Revenue 5.000% 11/15/30         320        352
  Cook County IL Sales Tax Revenue 5.000% 11/15/31         630        700
  Cook County IL Sales Tax Revenue 5.000% 11/15/31         750        833
  Cook County IL Sales Tax Revenue 5.000% 11/15/32         350        393
  Cook County IL Sales Tax Revenue 5.000% 11/15/33       3,150      3,290
  Cook County IL Sales Tax Revenue 5.000% 11/15/38       3,920      4,214
  Cook County IL Sales Tax Revenue 4.000% 11/15/40       2,000      1,966
  Cook County IL Sales Tax Revenue 4.000% 11/15/41       2,750      2,700
  Cook County IL Sales Tax Revenue 5.000% 11/15/41       1,745      1,863
  Cook County IL Sales Tax Revenue 5.000% 11/15/42       1,600      1,699
  Cook County IL Sales Tax Revenue 5.000% 11/15/42       3,250      3,451
  Cook County IL Sales Tax Revenue 5.000% 11/15/43       2,500      2,641
  Cook County IL Sales Tax Revenue 5.000% 11/15/44       1,950      2,053
  Cook County School District No. 25 Arlington Heights GO 4.000% 12/15/40       1,570      1,578
3 Cook County School District No. 87 Berkeley GO 3.000%  12/1/32       1,255      1,178
3 Cook County School District No. 87 Berkeley GO 3.000%  12/1/33       1,280      1,191
3 Cook County School District No. 87 Berkeley GO 3.000%  12/1/35       1,000        914
3 Cook County School District No. 87 Berkeley GO 3.000%  12/1/38         720        637
1 Cook County School District No. 99 Cicero GO 4.000%  12/1/28       1,170      1,190
  Cook Kane Lake & McHenry Counties Community College District No. 512 GO 3.000% 12/15/32       2,860      2,707
  Cook Kane Lake & McHenry Counties Community College District No. 512 GO 3.000% 12/15/33      14,620     13,608
  Cook Kane Lake & McHenry Counties Community College District No. 512 GO 3.000% 12/15/34      15,405     14,123
  Cook Kane Lake & McHenry Counties Community College District No. 512 GO 3.000% 12/15/35      13,720     12,414
  Cook Kane Lake & McHenry Counties Community College District No. 512 GO 3.000% 12/15/36      17,065     15,272
  DuPage & Cook Counties Township High School District No. 86 Hinsdale GO 4.000%  1/15/34       2,815      2,842
  DuPage County Forest Preserve District GO 5.000%  11/1/32         655        740
  DuPage County Forest Preserve District GO 5.000%  11/1/33         900      1,026
6 Elmhurst Park District Go 5.000% 12/15/40         500        553
6 Elmhurst Park District Go 5.000% 12/15/41         250        274
6 Elmhurst Park District Go 5.000% 12/15/42       1,000      1,088
6 Elmhurst Park District Go 5.000% 12/15/43       1,160      1,253
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
6 Elmhurst Park District Go 5.000% 12/15/44       1,275      1,372
4 Elwood IL GO 6.250%   3/1/44      12,270     13,240
  Evanston IL GO 3.500%  12/1/38       2,000      1,937
1 Evanston IL GO 3.500%  12/1/39       2,000      1,931
  Grundy & Will Counties Community Unit School District No. 1 Coal City GO 5.000%   2/1/43       2,180      2,250
6 Grundy Kendall & Will Counties Community High School District No. 111 Minooka GO 5.000%  12/1/32       1,000      1,125
6 Grundy Kendall & Will Counties Community High School District No. 111 Minooka GO 5.000%  12/1/33         925      1,038
6 Grundy Kendall & Will Counties Community High School District No. 111 Minooka GO 5.000%  12/1/34         685        764
  Illinois (Rebuild Illinois Program) GO 4.000%  11/1/34      10,355     10,442
  Illinois (Rebuild Illinois Program) GO 4.000%  11/1/43      10,845     10,176
  Illinois Finance Authority College & University Revenue 5.000%   9/1/28       1,130      1,140
  Illinois Finance Authority College & University Revenue 5.000%  10/1/28       2,585      2,667
  Illinois Finance Authority College & University Revenue 5.000%   9/1/29         600        607
  Illinois Finance Authority College & University Revenue 5.000%  10/1/29       2,030      2,090
  Illinois Finance Authority College & University Revenue 5.000%  10/1/29         580        555
  Illinois Finance Authority College & University Revenue 5.000%   9/1/30         700        706
  Illinois Finance Authority College & University Revenue 5.000%  10/1/30       1,010      1,040
  Illinois Finance Authority College & University Revenue 5.000%  10/1/30         500        473
  Illinois Finance Authority College & University Revenue 5.000%  10/1/31         860        804
  Illinois Finance Authority College & University Revenue 5.000%   4/1/32       9,000     10,105
  Illinois Finance Authority College & University Revenue 4.000%  10/1/32         525        453
  Illinois Finance Authority College & University Revenue 4.000%  10/1/33         350        295
  Illinois Finance Authority College & University Revenue 5.000%   4/1/34       6,500      7,433
  Illinois Finance Authority College & University Revenue 5.000%  12/1/34       1,320      1,298
  Illinois Finance Authority College & University Revenue 5.000%   4/1/35       6,000      6,835
  Illinois Finance Authority College & University Revenue 4.000%   9/1/35       1,000        900
  Illinois Finance Authority College & University Revenue 5.000%   4/1/36       5,000      5,672
  Illinois Finance Authority College & University Revenue 5.000%   9/1/36       1,000      1,019
  Illinois Finance Authority College & University Revenue 5.250%   4/1/38       3,000      3,426
  Illinois Finance Authority College & University Revenue 4.000%  10/1/38         230        177
  Illinois Finance Authority College & University Revenue 5.250%   4/1/39       1,250      1,420
  Illinois Finance Authority College & University Revenue 5.500%  10/1/39       1,050      1,099
  Illinois Finance Authority College & University Revenue 5.250%   4/1/41       1,000      1,120
  Illinois Finance Authority College & University Revenue 4.000%   8/1/41       2,000      1,835
  Illinois Finance Authority College & University Revenue 5.250%   4/1/42       1,250      1,391
  Illinois Finance Authority College & University Revenue 5.500%  10/1/42       1,300      1,347
  Illinois Finance Authority College & University Revenue 5.250%   4/1/43       2,375      2,632
  Illinois Finance Authority College & University Revenue 4.000%   8/1/43       2,125      1,905
  Illinois Finance Authority College & University Revenue 5.250%   4/1/44       1,300      1,432
  Illinois Finance Authority College & University Revenue 5.250%   4/1/45       1,600      1,748
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/25       1,390      1,403
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/25       2,315      2,341
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/25       2,870      2,884
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  5/15/26       1,020      1,038
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/26       1,700      1,752
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  2/15/27      16,500     17,166
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 4.000%  5/15/27       1,885      1,873
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  7/15/27       3,170      3,327
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/27       4,030      4,049
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  2/15/28      13,750     14,290
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/28         610        637
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/28       1,250      1,265
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/28       4,000      4,018
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 4.000%  12/1/28       7,900      7,955
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   3/1/29       1,920      1,972
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  5/15/29       1,000      1,049
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  7/15/29       2,250      2,372
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/29         500        525
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/29       2,055      2,079
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   3/1/30       1,550      1,591
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  5/15/30       2,300      2,342
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  5/15/30       1,000      1,049
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/30       4,645      4,805
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 4.000% 11/15/30       2,555      2,569
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/30       4,000      4,017
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  2/15/31      10,000     10,342
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 4.000%  5/15/31       2,190      2,194
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  5/15/31       1,000      1,046
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/31         500        525
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 4.000% 11/15/31       2,065      2,074
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 4.000%  12/1/31       6,805      6,831
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  2/15/32      10,000     10,323
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/32       1,725      1,831
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 4.000% 11/15/32       2,000      2,006
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 4.000%  12/1/32      10,000     10,029
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 4.000%  2/15/33       1,800      1,814
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  2/15/33       2,500      2,577
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/33       2,300      2,430
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/33         500        522
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/33       3,955      4,027
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 3.000%  7/15/34       1,325      1,237
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/34       2,000      2,158
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/34       3,500      3,556
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 4.000%   3/1/35         600        582
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 4.000%   7/1/35       5,585      5,693
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/35       2,900      2,917
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/35         850        883
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 4.000%  2/15/36       2,675      2,659
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/36       7,605      7,957
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 4.000%   7/1/36       5,810      5,903
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/37       7,380      7,691
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  5/15/37       2,000      2,020
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 4.000%   7/1/37       4,000      4,045
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 4.000%  7/15/37       2,500      2,512
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 4.000%  8/15/37       1,000      1,004
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 4.000%  8/15/37       4,650      4,616
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 4.000%   7/1/38       6,285      6,324
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 4.000%  8/15/38       2,375      2,324
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/38       3,850      4,170
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 4.000%  8/15/39       5,640      5,437
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 4.000%  8/15/39       1,675      1,651
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/39       5,000      5,381
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 3.000%  7/15/40       5,200      4,502
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 4.000%  8/15/40       2,465      2,381
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/40      12,925     13,869
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 4.000%  10/1/40       5,545      5,196
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/40      10,000     10,103
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 4.000%  2/15/41       2,595      2,484
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  2/15/41      27,090     27,605
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  5/15/41         800        771
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 4.000%   7/1/41       7,065      6,911
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 4.000%  8/15/41       1,000        956
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/41      14,810     15,804
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 4.000%   7/1/42       5,000      4,832
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 4.000%   7/1/43       7,640      7,298
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/47      11,100     11,616
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue PUT 5.000% 11/15/26      14,385     14,651
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue PUT 5.000%  8/15/27       3,515      3,654
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue VRDO 1.450%   2/3/25      11,530     11,530
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue VRDO 1.550%   2/3/25       4,800      4,800
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue VRDO 1.750%   2/3/25       5,385      5,385
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue VRDO 2.740%   2/5/25      50,000     50,000
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue, Prere. 5.000%   7/1/26       5,100      5,252
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue, Prere. 5.000%   7/1/26       5,500      5,664
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue, Prere. 5.000%   7/1/26       2,500      2,574
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue, Prere. 5.000%   1/1/27       5,000      5,205
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue, Prere. 5.000%   1/1/27       6,430      6,694
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue, Prere. 5.000%   1/1/27       6,500      6,766
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue, Prere. 4.000%  2/15/27          80         81
4 Illinois Finance Authority Industrial Revenue 5.000%  10/1/34         625        637
4 Illinois Finance Authority Industrial Revenue 5.250%  10/1/39       1,500      1,537
4 Illinois Finance Authority Industrial Revenue 5.000%  10/1/44       3,520      3,443
  Illinois Finance Authority Water Revenue 5.000%   7/1/34       6,000      6,180
  Illinois Finance Authority Water Revenue 5.000%   7/1/34       1,060      1,137
  Illinois Finance Authority Water Revenue 5.000%   7/1/35       8,840      9,091
  Illinois Finance Authority Water Revenue 4.000%   7/1/38       1,335      1,343
  Illinois Finance Authority Water Revenue 4.000%   7/1/39      15,500     15,567
  Illinois Finance Authority Water Revenue 4.000%   7/1/40       6,020      6,031
  Illinois Finance Authority Water Revenue 4.000%   7/1/41       8,640      8,638
  Illinois GO 5.000%   2/1/25       3,250      3,250
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Illinois GO 5.000%  11/1/25      18,375     18,630
  Illinois GO 5.000%   1/1/26       2,115      2,151
  Illinois GO 5.000%   7/1/26      11,265     11,552
  Illinois GO 5.000%  10/1/26       4,800      4,942
  Illinois GO 5.000%  10/1/26       3,800      3,913
  Illinois GO 5.000%  11/1/26       2,750      2,835
  Illinois GO 5.000%  12/1/26       8,390      8,661
  Illinois GO 5.000%   1/1/27       7,500      7,622
  Illinois GO 5.000%   7/1/27      19,050     19,838
  Illinois GO 5.000%   9/1/27       3,775      3,941
  Illinois GO 5.000%  10/1/27       2,690      2,811
  Illinois GO 5.000%  11/1/27       1,725      1,777
  Illinois GO 5.000%  11/1/27       5,330      5,577
  Illinois GO 5.000%  12/1/27      10,560     11,061
  Illinois GO 5.000%   2/1/28      11,305     11,687
  Illinois GO 5.000%  10/1/28       4,000      4,237
  Illinois GO 5.000%  11/1/28      42,580     44,506
  Illinois GO 5.000%  11/1/28       1,195      1,267
  Illinois GO 5.000%   1/1/29       4,055      4,117
  Illinois GO 5.000%   2/1/29       3,400      3,617
  Illinois GO 5.000%   5/1/29      10,000     10,673
  Illinois GO 5.000%   5/1/29       5,000      5,336
  Illinois GO 5.000%   5/1/29       2,475      2,642
  Illinois GO 5.000%   7/1/29      10,000     10,696
  Illinois GO 5.000%  10/1/29       4,000      4,233
  Illinois GO 5.000%  11/1/29      18,795     19,653
  Illinois GO 5.000%   1/1/30       8,000      8,117
  Illinois GO 5.000%   2/1/30      18,025     19,424
  Illinois GO 5.000%   5/1/30      18,380     19,866
  Illinois GO 5.000%   5/1/30       2,420      2,616
  Illinois GO 5.000%  10/1/30       3,000      3,173
  Illinois GO 5.000%   2/1/31       4,185      4,564
  Illinois GO 5.000%   5/1/31      34,015     37,187
  Illinois GO 5.000%   5/1/31      15,000     16,399
  Illinois GO 5.000%   5/1/31       2,500      2,733
  Illinois GO 3.500%   6/1/31       1,480      1,460
  Illinois GO 5.000%  10/1/31       4,000      4,391
  Illinois GO 5.000%   2/1/32       6,750      7,434
  Illinois GO 5.000%   5/1/32      24,500     27,039
  Illinois GO 5.000%   5/1/32      10,000     11,036
  Illinois GO 4.000%   6/1/33       5,880      5,889
  Illinois GO 5.000%   7/1/33       7,890      8,675
  Illinois GO 4.000%  10/1/33       7,000      7,099
  Illinois GO 5.000%  10/1/33      10,000     11,153
  Illinois GO 5.000%   3/1/34       2,075      2,248
  Illinois GO 5.000%   5/1/34       3,010      3,145
  Illinois GO 5.000%   5/1/34      11,970     13,127
  Illinois GO 5.000%   7/1/34      16,535     18,156
  Illinois GO 4.000%  10/1/34       8,745      8,833
  Illinois GO 5.000%   5/1/35       3,500      3,649
  Illinois GO 5.000%   5/1/35       5,505      6,017
  Illinois GO 5.000%   7/1/35      15,395     16,847
  Illinois GO 5.000%  12/1/35       3,000      3,111
  Illinois GO 5.000%   5/1/36       4,000      4,357
  Illinois GO 5.000%   7/1/36       6,325      6,898
  Illinois GO 4.125%  10/1/36       9,500      9,555
  Illinois GO 5.000%   5/1/37       3,155      3,425
  Illinois GO 4.000%   7/1/37       9,830      9,773
  Illinois GO 4.000%  10/1/37       2,750      2,728
  Illinois GO 4.000%  10/1/37       6,175      6,126
  Illinois GO 4.000%   3/1/38       7,275      7,192
  Illinois GO 5.250%   5/1/38       4,005      4,394
  Illinois GO 4.000%  10/1/38       3,250      3,195
  Illinois GO 5.000%   5/1/39       6,000      6,551
  Illinois GO 5.250%   5/1/39       4,500      4,912
  Illinois GO 5.500%   5/1/39       5,190      5,628
  Illinois GO 4.000%  10/1/39       2,545      2,477
  Illinois GO 4.000%   3/1/40       2,300      2,229
  Illinois GO 5.000%   5/1/40       6,500      7,055
  Illinois GO 5.250%   5/1/40       4,305      4,677
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Illinois GO 4.000%  10/1/40       1,500      1,446
  Illinois GO 3.000%  12/1/40       2,500      2,122
  Illinois GO 4.000%   3/1/41       1,860      1,786
  Illinois GO 5.000%   5/1/41       7,500      8,101
  Illinois GO 5.250%   5/1/41       3,000      3,246
  Illinois GO 5.250%   5/1/42       5,000      5,390
  Illinois GO 5.250%   5/1/43       4,105      4,407
  Illinois GO 5.250%   5/1/43       7,075      7,714
1 Illinois GO 4.000%  10/1/43       8,680      8,194
  Illinois GO 5.125%  10/1/43       7,000      7,460
  Illinois GO 5.250%   5/1/44       7,500      8,138
1 Illinois GO 4.000%  10/1/44       9,950      9,366
  Illinois GO 5.250%   5/1/45       6,000      6,479
1 Illinois GO 4.000%  10/1/45       7,395      6,899
  Illinois GO 5.000%  12/1/47      13,000     13,623
  Illinois Housing Development Authority Local or Guaranteed Housing Revenue 4.650%  10/1/37       3,245      3,299
15 Illinois Housing Development Authority Local or Guaranteed Housing Revenue 2.500%   7/1/41       4,395      3,342
  Illinois Housing Development Authority Local or Guaranteed Housing Revenue 4.250%  10/1/49       4,415      4,447
  Illinois Housing Development Authority Local or Guaranteed Housing Revenue 3.750%   4/1/50       1,090      1,090
  Illinois Housing Development Authority Local or Guaranteed Housing Revenue 3.000%  10/1/50       5,890      5,780
  Illinois Housing Development Authority Local or Guaranteed Housing Revenue 3.500%   4/1/52       1,905      1,884
  Illinois Housing Development Authority Local or Guaranteed Housing Revenue 4.500%  10/1/52      15,235     15,534
  Illinois Housing Development Authority Local or Guaranteed Housing Revenue 5.250%  10/1/52       9,540      9,954
  Illinois Housing Development Authority Local or Guaranteed Housing Revenue 5.250%   4/1/53       7,660      8,119
15 Illinois Housing Development Authority Local or Guaranteed Housing Revenue PUT 4.000%   6/1/25       2,370      2,375
4 Illinois Housing Development Authority Multifamily Local or Guaranteed Housing Revenue TOB 6.000%  10/5/40      18,604     19,240
  Illinois Municipal Electric Agency Electric Power & Light Revenue 5.000%   2/1/29       1,155      1,165
  Illinois Sales Tax Revenue 5.000%  6/15/27       7,875      8,026
1 Illinois Sales Tax Revenue 5.000%  6/15/27      10,245     10,432
1 Illinois Sales Tax Revenue 5.000%  6/15/28      13,485     13,717
  Illinois Sales Tax Revenue 4.000%  6/15/29       4,140      4,148
1 Illinois Sales Tax Revenue 4.000%  6/15/31       3,000      3,102
  Illinois Sales Tax Revenue 3.000%  6/15/33       1,000        907
  Illinois Sales Tax Revenue 3.000%  6/15/33       2,275      2,064
  Illinois Sales Tax Revenue 5.000%  6/15/33       3,160      3,517
  Illinois Sales Tax Revenue 5.000%  6/15/36       4,000      4,138
  Illinois Sales Tax Revenue 5.000%  6/15/37       4,000      4,131
  Illinois Sales Tax Revenue 5.000%  6/15/38       5,000      5,156
  Illinois Sales Tax Revenue 5.000%  6/15/42      15,000     15,938
  Illinois Sales Tax Revenue 5.000%  6/15/43      13,500     14,286
  Illinois Sports Facilities Authority Appropriations Revenue 5.000%  6/15/28       3,120      3,209
  Illinois Sports Facilities Authority Appropriations Revenue 5.000%  6/15/29       2,110      2,190
  Illinois Sports Facilities Authority Appropriations Revenue 5.000%  6/15/30       2,300      2,376
  Illinois Sports Facilities Authority Appropriations Revenue 5.000%  6/15/30       1,565      1,635
  Illinois Sports Facilities Authority Appropriations Revenue 5.000%  6/15/31       1,170      1,230
  Illinois Sports Facilities Authority Appropriations Revenue 5.000%  6/15/32       1,990      2,062
13 Illinois Sports Facilities Authority Miscellaneous Taxes Revenue 0.000%  6/15/25      10,405     10,270
  Illinois State Toll Highway Authority Highway Revenue 5.000%   1/1/27       6,000      6,245
  Illinois State Toll Highway Authority Highway Revenue 5.000%   1/1/28       1,385      1,468
  Illinois State Toll Highway Authority Highway Revenue 5.000%   1/1/30      23,100     24,807
  Illinois State Toll Highway Authority Highway Revenue 5.000%   1/1/31       6,100      6,109
  Illinois State Toll Highway Authority Highway Revenue 5.000%   1/1/31      21,830     23,364
  Illinois State Toll Highway Authority Highway Revenue 5.000%  12/1/31      12,360     12,550
  Illinois State Toll Highway Authority Highway Revenue 5.000%  12/1/32       7,075      7,185
  Illinois State Toll Highway Authority Highway Revenue 5.000%   1/1/33      11,100     11,115
  Illinois State Toll Highway Authority Highway Revenue 5.000%   1/1/34      11,700     11,716
  Illinois State Toll Highway Authority Highway Revenue 5.000%   1/1/34       2,000      2,029
  Illinois State Toll Highway Authority Highway Revenue 5.000%   1/1/35       3,140      3,185
  Illinois State Toll Highway Authority Highway Revenue 5.000%   1/1/35       2,610      2,721
  Illinois State Toll Highway Authority Highway Revenue 5.000%   1/1/36       4,150      4,206
  Illinois State Toll Highway Authority Highway Revenue 5.000%   1/1/36       2,500      2,600
  Illinois State Toll Highway Authority Highway Revenue 5.000%   1/1/36      15,000     17,053
  Illinois State Toll Highway Authority Highway Revenue 4.000%   1/1/37       2,000      2,030
  Illinois State Toll Highway Authority Highway Revenue 5.000%   1/1/37       2,040      2,118
  Illinois State Toll Highway Authority Highway Revenue 5.000%   1/1/37      11,825     13,389
  Illinois State Toll Highway Authority Highway Revenue 5.000%   1/1/38       4,500      4,666
  Illinois State Toll Highway Authority Highway Revenue 4.000%   1/1/39       1,000      1,003
  Illinois State Toll Highway Authority Highway Revenue 4.000%   1/1/39       3,000      3,013
  Illinois State Toll Highway Authority Highway Revenue 5.000%   1/1/39       5,500      6,151
  Illinois State Toll Highway Authority Highway Revenue 5.000%   1/1/40      24,310     24,484
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Illinois State Toll Highway Authority Highway Revenue 5.000%   1/1/41      34,210     36,619
  Illinois State Toll Highway Authority Highway Revenue 5.000%   1/1/41       4,250      4,623
  Illinois State Toll Highway Authority Highway Revenue 4.000%   1/1/42      33,455     32,523
  Illinois State Toll Highway Authority Highway Revenue 5.000%   1/1/42       8,835      9,089
  Illinois State Toll Highway Authority Highway Revenue 5.000%   1/1/42      27,700     29,971
  Illinois State Toll Highway Authority Highway Revenue 4.000%   1/1/44       1,495      1,431
  Illinois State Toll Highway Authority Highway Revenue 5.000%   1/1/44      22,235     23,858
  Illinois State Toll Highway Authority Highway Revenue 5.000%   1/1/45      11,625     12,198
  Illinois State Toll Highway Authority Highway Revenue 5.250%   1/1/45      10,175     11,068
  Illinois State Toll Highway Authority Highway Revenue 4.000%   1/1/46       3,670      3,395
3 Illinois State University College & University Revenue 5.000%   4/1/39       1,165      1,199
1 Joliet IL (Rock Run Crossings Project) GO 5.000% 12/15/33       1,400      1,546
1 Joliet IL (Rock Run Crossings Project) GO 5.000% 12/15/34       1,700      1,866
1 Joliet IL (Rock Run Crossings Project) GO 5.000% 12/15/37       2,000      2,168
1 Joliet IL (Rock Run Crossings Project) GO 5.000% 12/15/38       3,085      3,311
1 Joliet IL (Rock Run Crossings Project) GO 5.250% 12/15/39       1,725      1,875
1 Joliet IL (Rock Run Crossings Project) GO 5.250% 12/15/40       3,575      3,861
1 Joliet IL (Rock Run Crossings Project) GO 5.500% 12/15/42       3,500      3,807
  Kane Cook & DuPage etc Counties Community College District No. 509 Elgin GO 4.000% 12/15/33         890        925
  Kane Cook & DuPage etc Counties Community College District No. 509 Elgin GO 4.000% 12/15/34         750        778
  Kane Cook & DuPage etc Counties Community College District No. 509 Elgin GO 4.000% 12/15/35       2,000      2,067
3 Kane County School District No. 131 Aurora East Side GO 4.000%  12/1/28         190        196
3 Kane County School District No. 131 Aurora East Side GO 4.000%  12/1/28         410        422
3 Kane County School District No. 131 Aurora East Side GO 4.000%  12/1/29         250        258
3 Kane County School District No. 131 Aurora East Side GO 4.000%  12/1/30         225        233
3 Kane County School District No. 131 Aurora East Side GO 4.000%  12/1/31         220        227
3 Kane County School District No. 131 Aurora East Side GO 4.000%  12/1/32         230        236
3 Kane County School District No. 131 Aurora East Side GO 4.000%  12/1/34         230        234
3 Kane County School District No. 131 Aurora East Side GO 4.000%  12/1/35         280        283
3 Kane County School District No. 131 Aurora East Side GO 4.000%  12/1/36         365        369
3 Kane County School District No. 131 Aurora East Side GO 3.000%  12/1/37         400        364
3 Kane County School District No. 131 Aurora East Side GO 4.000%  12/1/38         290        292
3 Kane County School District No. 131 Aurora East Side GO 4.000%  12/1/39         275        275
  Kane McHenry Cook & De Kalb Counties IL Unit School District No. 300 GO 5.000%   1/1/30       2,665      2,783
1 Kendall Kane & Will Counties Community Unit School District No. 308 GO 5.000%   2/1/27       1,360      1,412
3 Kendall Kane & Will Counties Community Unit School District No. 308 GO 0.000%   2/1/28       5,090      4,572
  Lake County Community High School District No. 115 Lake Forest GO 5.000%  11/1/38       6,270      6,955
  Lake County Community High School District No. 115 Lake Forest GO 5.000%  11/1/39       6,595      7,283
11 Lincoln Land Community College District No. 526 GO, 6.000% coupon rate effective 3/20/25 4.500% 12/15/34      10,000      9,999
3 Madison Bond Etc Counties Community Unit School District No. 5 Highland GO 5.500%   2/1/33         230        255
3 Madison Bond Etc Counties Community Unit School District No. 5 Highland GO 5.500%   2/1/34         235        260
3 Madison Bond Etc Counties Community Unit School District No. 5 Highland GO 5.500%   2/1/35         300        331
3 Madison Bond Etc Counties Community Unit School District No. 5 Highland GO 5.500%   2/1/36         650        714
3 Madison Bond Etc Counties Community Unit School District No. 5 Highland GO 5.500%   2/1/41       1,575      1,693
3 Madison Bond Etc Counties Community Unit School District No. 5 Highland GO 5.500%   2/1/42         500        536
10 Metropolitan Pier & Exposition Authority Appropriations Revenue 0.000% 12/15/25      29,905     29,121
10 Metropolitan Pier & Exposition Authority Appropriations Revenue 5.500%  6/15/29      21,320     22,213
8,9 Metropolitan Pier & Exposition Authority Appropriations Revenue 5.500%  6/15/29       3,525      3,637
10 Metropolitan Pier & Exposition Authority Appropriations Revenue 0.000% 12/15/29      40,000     33,910
3,16 Metropolitan Pier & Exposition Authority Appropriations Revenue 0.000%  6/15/30         115         96
10 Metropolitan Pier & Exposition Authority Appropriations Revenue 0.000% 12/15/30         245        201
10 Metropolitan Pier & Exposition Authority Appropriations Revenue 0.000%  6/15/31      44,255     35,484
10 Metropolitan Pier & Exposition Authority Appropriations Revenue 0.000% 12/15/31      74,580     58,654
10 Metropolitan Pier & Exposition Authority Appropriations Revenue 0.000%  6/15/32      39,225     30,187
10 Metropolitan Pier & Exposition Authority Appropriations Revenue 0.000%  6/15/33      43,400     32,015
10 Metropolitan Pier & Exposition Authority Appropriations Revenue 0.000% 12/15/33      14,570     10,531
10 Metropolitan Pier & Exposition Authority Appropriations Revenue 0.000%  6/15/35       5,500      3,725
10 Metropolitan Pier & Exposition Authority Appropriations Revenue 0.000% 12/15/35       5,000      3,313
10 Metropolitan Pier & Exposition Authority Appropriations Revenue 0.000%  6/15/36       4,415      2,862
10 Metropolitan Pier & Exposition Authority Appropriations Revenue 0.000%  6/15/37      10,340      6,401
10 Metropolitan Pier & Exposition Authority Appropriations Revenue 0.000% 12/15/37      12,300      7,427
10 Metropolitan Pier & Exposition Authority Appropriations Revenue 0.000%  6/15/38      20,980     12,316
10 Metropolitan Pier & Exposition Authority Appropriations Revenue 0.000% 12/15/38      29,950     17,158
10 Metropolitan Pier & Exposition Authority Appropriations Revenue 0.000% 12/15/40      36,445     18,669
3 Metropolitan Pier & Exposition Authority Appropriations Revenue (MCCormick Place Expansion Project) 0.000%  6/15/26      11,485     11,006
  Metropolitan Pier & Exposition Authority Appropriations Revenue (MCCormick Place Expansion Project) 5.000% 12/15/26       4,250      4,389
3 Metropolitan Pier & Exposition Authority Appropriations Revenue (MCCormick Place Expansion Project) 0.000%  6/15/27       9,640      8,932
  Metropolitan Pier & Exposition Authority Appropriations Revenue (MCCormick Place Expansion Project) 5.000% 12/15/28       2,270      2,372
10 Metropolitan Pier & Exposition Authority Appropriations Revenue (MCCormick Place Expansion Project) 0.000%  6/15/29      22,390     19,314
  Metropolitan Pier & Exposition Authority Appropriations Revenue (MCCormick Place Expansion Project) 5.000% 12/15/31         675        703
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Metropolitan Pier & Exposition Authority Appropriations Revenue (MCCormick Place Expansion Project) 5.000% 12/15/32         600        624
  Metropolitan Pier & Exposition Authority Appropriations Revenue (MCCormick Place Expansion Project) 5.000% 12/15/33         450        467
  Metropolitan Pier & Exposition Authority Appropriations Revenue (MCCormick Place Expansion Project) 5.000% 12/15/34         520        538
  Metropolitan Pier & Exposition Authority Appropriations Revenue (MCCormick Place Expansion Project) 0.000% 12/15/36       2,660      1,677
  Metropolitan Pier & Exposition Authority Appropriations Revenue (MCCormick Place Expansion Project) 0.000% 12/15/38         500        285
  Metropolitan Pier & Exposition Authority Appropriations Revenue (MCCormick Place Expansion Project) 0.000% 12/15/39         500        269
  Metropolitan Pier & Exposition Authority Appropriations Revenue (MCCormick Place Expansion Project) 5.000%  6/15/42       8,850      9,248
  Metropolitan Pier & Exposition Authority Appropriations Revenue (MCCormick Place Expansion Project) 4.000% 12/15/42      11,285     10,812
1 Metropolitan Pier & Exposition Authority Appropriations Revenue (MCCormick Place Expansion Project) 4.000% 12/15/42       9,060      8,735
3,9 Metropolitan Pier & Exposition Authority Appropriations Revenue (MCCormick Place Expansion Project), ETM 5.500%  6/15/29       4,820      4,983
11 Metropolitan Pier & Exposition Authority Appropriations Revenue, 4.700% coupon rate effective 6/15/31 0.000% 12/15/37       3,300      2,522
  Metropolitan Pier & Exposition Authority Economic Development Revenue 5.250%  6/15/32       1,915      1,953
  Metropolitan Pier & Exposition Authority Economic Development Revenue 5.250%  6/15/33       2,115      2,144
  Metropolitan Pier & Exposition Authority Economic Development Revenue 5.250%  6/15/34       2,330      2,356
  Metropolitan Pier & Exposition Authority Economic Development Revenue 5.250%  6/15/35       2,555      2,564
  Metropolitan Pier & Exposition Authority Economic Development Revenue 5.250%  6/15/36       2,795      2,784
  Metropolitan Pier & Exposition Authority Economic Development Revenue 5.250%  6/15/38       3,330      3,268
  Metropolitan Pier & Exposition Authority Economic Development Revenue 5.250%  6/15/39       2,520      2,463
  Metropolitan Pier & Exposition Authority Economic Development Revenue 5.250%  6/15/41         465        452
  Metropolitan Pier & Exposition Authority Miscellaneous Revenue 5.250%  6/15/44      10,470     10,043
  Metropolitan Pier & Exposition Authority Sales Tax Revenue (MCCormick Place Expansion Project) 0.000% 12/15/41       1,065        509
  Metropolitan Water Reclamation District of Greater Chicago GO 5.250%  12/1/34       1,500      1,762
3 Mundelein IL GO 4.000% 12/15/27         500        512
3 Mundelein IL GO 4.000% 12/15/28         500        514
3 Mundelein IL GO 4.000% 12/15/29         500        514
3 Mundelein IL GO 4.000% 12/15/32       1,000      1,024
3 Mundelein IL GO 4.000% 12/15/39       2,000      1,965
  Northern Illinois Municipal Power Agency Electric Power & Light Revenue 5.000%  12/1/26       4,115      4,264
  Northern Illinois Municipal Power Agency Electric Power & Light Revenue 5.000%  12/1/28       6,180      6,387
  Northern Illinois Municipal Power Agency Electric Power & Light Revenue 5.000%  12/1/30       4,555      4,704
  Northern Illinois Municipal Power Agency Electric Power & Light Revenue 4.000%  12/1/31       3,245      3,268
  Northern Illinois Municipal Power Agency Electric Power & Light Revenue 4.000%  12/1/32       2,215      2,227
  Northern Illinois Municipal Power Agency Electric Power & Light Revenue 4.000%  12/1/36       3,020      2,963
1 Northern Illinois University Local or Guaranteed Housing Revenue 5.000%   4/1/28         750        782
1 Northern Illinois University Local or Guaranteed Housing Revenue 5.000%   4/1/29         500        527
1 Northern Illinois University Local or Guaranteed Housing Revenue 5.000%   4/1/30         600        637
1 Northern Illinois University Local or Guaranteed Housing Revenue 5.000%  10/1/30         325        347
1 Northern Illinois University Local or Guaranteed Housing Revenue 5.000%   4/1/31       1,070      1,137
1 Northern Illinois University Local or Guaranteed Housing Revenue 5.000%  10/1/31         450        481
1 Northern Illinois University Local or Guaranteed Housing Revenue 5.000%   4/1/32         700        741
1 Northern Illinois University Local or Guaranteed Housing Revenue 4.000%  10/1/32         975        990
1 Northern Illinois University Local or Guaranteed Housing Revenue 5.000%   4/1/33         750        791
1 Northern Illinois University Local or Guaranteed Housing Revenue 4.000%  10/1/33         850        861
1 Northern Illinois University Local or Guaranteed Housing Revenue 5.000%   4/1/34         750        787
1 Northern Illinois University Local or Guaranteed Housing Revenue 4.000%   4/1/35       1,625      1,634
1 Northern Illinois University Local or Guaranteed Housing Revenue 4.000%  10/1/35       1,095      1,098
1 Northern Illinois University Local or Guaranteed Housing Revenue 4.000%   4/1/36         750        752
1 Northern Illinois University Local or Guaranteed Housing Revenue 4.000%  10/1/36         550        550
1 Northern Illinois University Local or Guaranteed Housing Revenue 4.000%   4/1/37         775        775
1 Northern Illinois University Local or Guaranteed Housing Revenue 4.000%  10/1/37       1,350      1,339
1 Northern Illinois University Local or Guaranteed Housing Revenue 4.000%   4/1/38         915        907
1 Northern Illinois University Local or Guaranteed Housing Revenue 4.000%  10/1/38       2,830      2,779
1 Northern Illinois University Local or Guaranteed Housing Revenue 4.000%   4/1/39         750        733
1 Northern Illinois University Local or Guaranteed Housing Revenue 4.000%   4/1/40         800        772
1 Northern Illinois University Local or Guaranteed Housing Revenue 4.000%   4/1/41         750        706
  Railsplitter Tobacco Settlement Authority Tobacco Settlement Funded Revenue, ETM 5.000%   6/1/26      23,730     24,395
  Railsplitter Tobacco Settlement Authority Tobacco Settlement Funded Revenue, Prere. 5.000%   6/1/26      10,780     11,082
10 Regional Transportation Authority Sales Tax Revenue 5.750%   6/1/33       1,280      1,442
  Regional Transportation Authority Sales Tax Revenue 5.000%   6/1/40      10,000     10,374
1 Rock Island Henry Mercer Etc Counties Community College District No. 503 GO 5.000%  12/1/33       1,500      1,666
  Romeoville IL GO 5.000% 12/30/26       3,480      3,620
  Sales Tax Securitization Corp. Intergovernmental Agreement Revenue 5.000%   1/1/33      20,000     22,218
  Sales Tax Securitization Corp. Sales Tax Revenue 5.000%   1/1/29      25,000     26,664
  Sales Tax Securitization Corp. Sales Tax Revenue 5.000%   1/1/29       2,425      2,600
  Sales Tax Securitization Corp. Sales Tax Revenue 5.000%   1/1/30       6,000      6,482
  Sales Tax Securitization Corp. Sales Tax Revenue 5.000%   1/1/31       5,000      5,488
  Sales Tax Securitization Corp. Sales Tax Revenue 5.000%   1/1/31         860        944
  Sales Tax Securitization Corp. Sales Tax Revenue 5.000%   1/1/32      11,815     13,060
  Sales Tax Securitization Corp. Sales Tax Revenue 5.000%   1/1/33       2,500      2,787
  Sales Tax Securitization Corp. Sales Tax Revenue 5.000%   1/1/34      18,455     20,495
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Sales Tax Securitization Corp. Sales Tax Revenue 5.000%   1/1/34       4,000      4,489
  Sales Tax Securitization Corp. Sales Tax Revenue 5.000%   1/1/35       1,250      1,343
  Sales Tax Securitization Corp. Sales Tax Revenue 5.000%   1/1/35       3,150      3,488
  Sales Tax Securitization Corp. Sales Tax Revenue 5.000%   1/1/35       1,500      1,661
  Sales Tax Securitization Corp. Sales Tax Revenue 5.000%   1/1/35       5,165      5,832
  Sales Tax Securitization Corp. Sales Tax Revenue 5.000%   1/1/35      36,400     41,102
  Sales Tax Securitization Corp. Sales Tax Revenue 5.000%   1/1/36       9,000      9,618
  Sales Tax Securitization Corp. Sales Tax Revenue 5.000%   1/1/36       1,805      1,930
  Sales Tax Securitization Corp. Sales Tax Revenue 5.000%   1/1/36      40,000     45,072
  Sales Tax Securitization Corp. Sales Tax Revenue 5.000%   1/1/37       1,850      1,971
  Sales Tax Securitization Corp. Sales Tax Revenue 5.000%   1/1/37      13,000     14,586
  Sales Tax Securitization Corp. Sales Tax Revenue 5.000%   1/1/38       1,310      1,387
  Sales Tax Securitization Corp. Sales Tax Revenue 5.000%   1/1/38      11,500     12,827
  Sales Tax Securitization Corp. Sales Tax Revenue 5.000%   1/1/39       1,360      1,431
1 Sales Tax Securitization Corp. Sales Tax Revenue 4.000%   1/1/40       3,000      2,989
  Sales Tax Securitization Corp. Sales Tax Revenue 5.000%   1/1/43       2,185      2,256
3 Sangamon County School District No. 186 Springfield GO 4.000%   2/1/28       1,615      1,643
3 Sangamon County School District No. 186 Springfield GO 4.000%   2/1/29       2,070      2,115
3 Sangamon County School District No. 186 Springfield GO 4.250%   6/1/43       1,200      1,195
  Schaumburg IL GO 4.000%  12/1/35       1,000      1,035
  Southwestern Illinois Development Authority Health, Hospital, Nursing Home Revenue 5.000%  2/15/25       3,850      3,852
  Southwestern Illinois Development Authority Health, Hospital, Nursing Home Revenue 5.000%  2/15/26       3,500      3,561
  Southwestern Illinois Development Authority Health, Hospital, Nursing Home Revenue 5.000%  2/15/27       3,615      3,736
  Southwestern Illinois Development Authority Health, Hospital, Nursing Home Revenue 5.000%  2/15/28       8,750      9,161
  Southwestern Illinois Development Authority Intergovernmental Agreement Revenue 4.000%  4/15/34         925        944
  Southwestern Illinois Development Authority Intergovernmental Agreement Revenue 4.000% 10/15/35       1,225      1,243
1 Southwestern Illinois Development Authority Intergovernmental Agreement Revenue 5.500%  12/1/36       2,700      3,002
1 Southwestern Illinois Development Authority Intergovernmental Agreement Revenue 5.500%  12/1/38       3,000      3,303
8 Southwestern Illinois Development Authority Miscellaneous Revenue (Local Government Program) 0.000%   2/1/26       2,525      2,436
  Springfield IL Electric Power & Light Revenue 5.000%   3/1/26       3,540      3,545
  Springfield IL Electric Power & Light Revenue 5.000%   3/1/27         425        426
  University of Illinois Auxiliary Facilities System College & University Revenue 5.000%   4/1/38       3,800      4,233
  University of Illinois Auxiliary Facilities System College & University Revenue 5.000%   4/1/39       6,000      6,631
  University of Illinois Auxiliary Facilities System College & University Revenue 5.250%   4/1/40       5,195      5,807
  University of Illinois Auxiliary Facilities System College & University Revenue 5.250%   4/1/41       5,000      5,556
  University of Illinois Auxiliary Facilities System College & University Revenue 5.250%   4/1/42       4,000      4,426
  University of Illinois Auxiliary Facilities System College & University Revenue 5.250%   4/1/43       3,750      4,122
  University of Illinois Auxiliary Facilities System College & University Revenue 5.250%   4/1/44       2,000      2,185
1 University of Illinois College & University Revenue 3.000%   4/1/37       3,710      3,385
1 University of Illinois College & University Revenue 3.000%   4/1/38       3,825      3,434
1 University of Illinois College & University Revenue 3.000%   4/1/40       3,905      3,391
1 Will County Community High School District No. 210 Lincoln-Way GO 0.000%   1/1/29       5,920      5,133
1 Will County Community High School District No. 210 Lincoln-Way GO 0.000%   1/1/30       5,680      4,736
1 Will County Community Unit School District No. 201-U Crete-Monee GO 4.000%   1/1/36       2,870      2,918
1 Will County Community Unit School District No. 201-U Crete-Monee GO 4.000%   1/1/36         530        539
1 Will County Community Unit School District No. 201-U Crete-Monee GO 4.000%   1/1/37       4,760      4,813
1 Will County Community Unit School District No. 201-U Crete-Monee GO 4.000%   1/1/37       3,250      3,286
1 Will County Community Unit School District No. 201-U Crete-Monee GO 4.000%   1/1/38       4,955      5,004
1 Will County Community Unit School District No. 201-U Crete-Monee GO 4.000%   1/1/38       3,370      3,403
1 Will County Community Unit School District No. 201-U Crete-Monee GO 4.000%   1/1/39       5,100      5,119
1 Will County Community Unit School District No. 201-U Crete-Monee GO 4.000%   1/1/40       5,300      5,274
1 Will County Community Unit School District No. 201-U Crete-Monee GO 4.000%   1/1/41       5,515      5,514
  Will County IL (Renewable Natural GAS Project) GO 4.000% 11/15/32         750        778
  Will County IL (Renewable Natural GAS Project) GO 4.000% 11/15/33         535        554
  Will County School District No. 122 GO 4.000%  10/1/32       1,000      1,026
  Will County School District No. 122 GO 4.000%  10/1/33       1,395      1,429
1 Will County School District No. 86 Joliet GO 5.000%   3/1/39         325        349
1 Will County School District No. 86 Joliet GO 5.000%   3/1/40         775        829
1 Will County School District No. 86 Joliet GO 5.000%   3/1/41         875        931
1 Will County School District No. 86 Joliet GO 5.000%   3/1/42       1,000      1,056
1 Will County School District No. 86 Joliet GO 5.000%   3/1/43       1,000      1,048
1 Will County School District No. 86 Joliet GO 5.000%   3/1/44         750        783
  Winnebago & Boone Counties School District No. 205 Rockford GO 0.000%   2/1/25       4,065      4,065
  Winnebago & Boone Counties School District No. 205 Rockford GO 0.000%   2/1/26       3,645      3,516
  Winnebago & Boone Counties School District No. 205 Rockford GO 0.000%   2/1/27       2,000      1,859
1 Winnebago & Boone Counties School District No. 205 Rockford GO 5.000%   2/1/32       6,420      6,947
1 Winnebago & Boone Counties School District No. 205 Rockford GO 4.000%   2/1/33      10,555     10,886
                                   4,717,312
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
Indiana (1.0%)
  Brownsburg 1999 School Building Corp. Lease (Abatement) Revenue 5.000%  7/15/41       1,900      2,065
  Brownsburg 1999 School Building Corp. Lease (Abatement) Revenue 5.000%  7/15/42       3,750      4,058
  Brownsburg 1999 School Building Corp. Lease (Abatement) Revenue 5.000%  1/15/44       6,375      6,847
  Carmel Local Public Improvement Bond Bank Indirect Ad Valorem Property Revenue 5.000%  7/15/31       2,015      2,067
  Carmel Local Public Improvement Bond Bank Indirect Ad Valorem Property Revenue 5.000%  7/15/32       8,180      8,382
  Carmel Local Public Improvement Bond Bank Indirect Ad Valorem Property Revenue 5.000%  7/15/33       9,110      9,331
  Carmel Local Public Improvement Bond Bank Indirect Ad Valorem Property Revenue 5.000%  7/15/34       9,640      9,867
  Carmel Local Public Improvement Bond Bank Indirect Ad Valorem Property Revenue 5.000%  1/15/36      13,470     13,773
  Center Grove Multi-Facility School Building Corp. Lease (Abatement) Revenue 5.000%  7/10/39       1,000      1,095
  Center Grove Multi-Facility School Building Corp. Lease (Abatement) Revenue 5.000%  7/10/40       1,800      1,961
  Clark-Pleasant Community School Building Corp. Lease (Abatement) Revenue 5.000%  1/15/31         250        275
  Clark-Pleasant Community School Building Corp. Lease (Abatement) Revenue 5.000%  1/15/32         250        277
  Clark-Pleasant Community School Building Corp. Lease (Abatement) Revenue 5.000%  1/15/33         475        530
  Clark-Pleasant Community School Building Corp. Lease (Abatement) Revenue 5.000%  1/15/34         600        673
  Clark-Pleasant Community School Building Corp. Lease (Abatement) Revenue 5.000%  7/15/35       1,000      1,120
  Clark-Pleasant Community School Building Corp. Lease (Abatement) Revenue 5.000%  7/15/36       1,000      1,116
  Danville Multi-School Building Corp. Lease (Abatement) Revenue 5.000%  7/15/41       3,750      4,055
  Danville Multi-School Building Corp. Lease (Abatement) Revenue 5.000%  7/15/42       2,460      2,642
  Danville Multi-School Building Corp. Lease (Abatement) Revenue 5.000%  1/15/44       8,000      8,501
1 Evansville Waterworks District Water Revenue 5.000%   7/1/42       1,000      1,056
  Evansville-Vanderburgh School Building Corp. Lease (Abatement) Revenue 0.000%  7/15/30       1,000        813
  Franklin Township-Marion County Multiple School Building Corp. Lease (Abatement) Revenue 5.000%  7/15/39       6,115      6,585
  Franklin Township-Marion County Multiple School Building Corp. Lease (Abatement) Revenue 5.000%  7/15/41       1,250      1,353
  Franklin Township-Marion County Multiple School Building Corp. Lease (Abatement) Revenue 5.000%  7/15/43       1,500      1,607
14 Freddie Mac Pool 4.250%   6/1/41       8,930      8,537
  Hammond Multi-School Building Corp. Lease (Abatement) Revenue 5.000%  7/15/26       1,000      1,028
  Hammond Multi-School Building Corp. Lease (Abatement) Revenue 5.000%  1/15/27         750        778
  Hammond Multi-School Building Corp. Lease (Abatement) Revenue 5.000%  7/15/27       1,320      1,379
  Hammond Multi-School Building Corp. Lease (Abatement) Revenue 5.000%  1/15/28         750        788
  Hammond Multi-School Building Corp. Lease (Abatement) Revenue 5.000%  1/15/30       1,250      1,313
  Hammond Multi-School Building Corp. Lease (Abatement) Revenue 5.000%  7/15/30       1,130      1,186
  Hammond Multi-School Building Corp. Lease (Abatement) Revenue 5.000%  1/15/31       1,000      1,049
  Hammond Multi-School Building Corp. Lease (Abatement) Revenue 5.000%  7/15/31       1,000      1,048
  Hammond Multi-School Building Corp. Lease (Abatement) Revenue 5.000%  7/15/32       1,250      1,308
  Hammond Multi-School Building Corp. Lease (Abatement) Revenue 5.000%  7/15/33       1,025      1,071
  Hammond Multi-School Building Corp. Lease (Abatement) Revenue 5.000%  7/15/35       1,250      1,300
  Hanover Middle School Building Corp. Lease (Abatement) Revenue 2.000%  1/15/40       4,010      2,788
  Indiana Bond Bank Indirect Ad Valorem Property Revenue (Hamilton Co. Projects) 4.000%  7/15/35       4,260      4,341
  Indiana Finance Authority College & University Revenue (Butler University Project) 5.000%   2/1/27         350        361
  Indiana Finance Authority College & University Revenue (Butler University Project) 5.000%   2/1/28         385        403
  Indiana Finance Authority College & University Revenue (Butler University Project) 5.000%   2/1/31       1,005      1,084
  Indiana Finance Authority College & University Revenue (Butler University Project) 5.000%   2/1/32       1,000      1,058
  Indiana Finance Authority College & University Revenue (Butler University Project) 5.000%   2/1/33       1,120      1,225
  Indiana Finance Authority College & University Revenue (Butler University Project) 5.000%   2/1/34       1,100      1,155
  Indiana Finance Authority College & University Revenue (Butler University Project) 5.000%   2/1/34       1,180      1,297
  Indiana Finance Authority College & University Revenue (Butler University Project) 4.000%   2/1/36       1,115      1,119
  Indiana Finance Authority College & University Revenue (Butler University Project) 4.000%   2/1/37       1,320      1,321
  Indiana Finance Authority Electric Power & Light Revenue (Ohio Valley Electric Corp. Project) 4.250%  11/1/30       4,500      4,605
  Indiana Finance Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/25         950        956
  Indiana Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/26       5,850      6,047
  Indiana Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/26       6,475      6,693
  Indiana Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/26       1,495      1,545
  Indiana Finance Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/26       1,000      1,016
  Indiana Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/27       6,395      6,725
  Indiana Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/27       6,785      7,135
  Indiana Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/28       6,995      7,339
  Indiana Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/28       6,970      7,311
  Indiana Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   3/1/29         380        404
  Indiana Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/29       1,915      1,966
  Indiana Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/29       4,010      4,200
  Indiana Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   3/1/30         500        538
  Indiana Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/30       1,305      1,339
  Indiana Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/30      19,250     20,121
  Indiana Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/31       1,665      1,707
  Indiana Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  9/15/31       2,570      2,699
  Indiana Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/31      22,000     22,953
  Indiana Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   3/1/32         700        763
  Indiana Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  9/15/32       1,350      1,422
  Indiana Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/32      19,725     20,557
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Indiana Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   3/1/33       1,000      1,095
  Indiana Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  9/15/33       2,830      2,976
  Indiana Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/33       3,000      3,012
  Indiana Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   3/1/34       1,545      1,695
  Indiana Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  9/15/34       2,975      3,130
  Indiana Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/34      18,515     18,585
  Indiana Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   3/1/35       1,100      1,209
  Indiana Finance Authority Health, Hospital, Nursing Home Revenue 4.000%  11/1/35      16,850     16,985
  Indiana Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/35      19,220     19,290
  Indiana Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   3/1/36       2,000      2,188
  Indiana Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/36       2,000      2,042
  Indiana Finance Authority Health, Hospital, Nursing Home Revenue 4.000%  11/1/36      11,140     11,208
  Indiana Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   3/1/37       1,250      1,368
  Indiana Finance Authority Health, Hospital, Nursing Home Revenue 4.000%  11/1/37       6,220      6,240
  Indiana Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   3/1/38       1,000      1,090
  Indiana Finance Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/38       2,000      2,039
  Indiana Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   3/1/39       1,000      1,082
  Indiana Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   3/1/40       1,000      1,072
  Indiana Finance Authority Health, Hospital, Nursing Home Revenue PUT 5.000%   7/1/28      15,000     15,899
  Indiana Finance Authority Health, Hospital, Nursing Home Revenue PUT 5.000%   7/1/30       5,000      5,445
  Indiana Finance Authority Health, Hospital, Nursing Home Revenue PUT 5.000%   7/1/32       8,500      9,464
  Indiana Finance Authority Lease Revenue (Stadium Project) 5.250%   2/1/29       5,045      5,098
  Indiana Finance Authority Lease Revenue (Stadium Project) 5.250%   2/1/30       6,030      6,091
  Indiana Finance Authority Lease Revenue (Stadium Project) 5.250%   2/1/31      10,130     10,226
  Indiana Finance Authority Local or Guaranteed Housing Revenue (Tippecanoe LLC Student Housing Project) 5.000%   6/1/38         800        837
  Indiana Finance Authority Local or Guaranteed Housing Revenue (Tippecanoe LLC Student Housing Project) 5.000%   6/1/43         860        883
  Indiana Finance Authority Sewer Revenue (CWA Authority Project) 5.000%  10/1/30         800        887
  Indiana Finance Authority Sewer Revenue (CWA Authority Project) 5.000%  10/1/32       1,000      1,128
  Indiana Finance Authority Sewer Revenue (CWA Authority Project) 5.000%  10/1/36       1,000      1,129
  Indiana Finance Authority Sewer Revenue (CWA Authority Project) 5.000%  10/1/37       2,570      2,886
  Indiana Finance Authority Sewer Revenue (CWA Authority Project) 3.000%  10/1/38      12,050     10,851
  Indiana Finance Authority Sewer Revenue (CWA Authority Project) 5.000%  10/1/38       1,000      1,116
  Indiana Finance Authority Sewer Revenue (CWA Authority Project) 3.000%  10/1/39       3,000      2,708
  Indiana Finance Authority Sewer Revenue (CWA Authority Project) 5.000%  10/1/39       1,000      1,109
  Indiana Finance Authority Sewer Revenue (CWA Authority Project) 3.000%  10/1/40       6,000      5,281
  Indiana Finance Authority Sewer Revenue (CWA Authority Project) 5.000%  10/1/40       1,200      1,322
  Indiana Finance Authority Sewer Revenue (CWA Authority Project) 5.000%  10/1/41       3,400      3,707
  Indiana Finance Authority Sewer Revenue (CWA Authority Project) 5.000%  10/1/42       3,000      3,249
  Indiana Finance Authority Sewer Revenue (CWA Authority Project) 5.000%  10/1/43       4,650      5,004
  Indiana Finance Authority Water Revenue 4.000%   2/1/38       1,065      1,091
  Indiana Health Facility Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/35         500        506
  Indiana Housing & Community Development Authority Local or Guaranteed Housing Revenue 3.250%   7/1/49       1,130      1,118
  Indiana Housing & Community Development Authority Local or Guaranteed Housing Revenue 3.000%   7/1/52       6,920      6,733
  Indiana Housing & Community Development Authority Local or Guaranteed Housing Revenue 5.750%   7/1/53       1,465      1,550
  Indiana Ivy Tech Community College & University Revenue 5.000%   7/1/34       1,600      1,680
  Indiana Ivy Tech Community College & University Revenue 5.000%   7/1/35       1,080      1,131
  Indiana Ivy Tech Community College & University Revenue 5.000%   7/1/36       1,625      1,698
  Indiana Ivy Tech Community College & University Revenue 5.000%   7/1/37       2,175      2,265
  Indiana Ivy Tech Community College & University Revenue 5.000%   7/1/38       2,415      2,503
  Indiana Municipal Power Agency Electric Power & Light Revenue 5.000%   1/1/30       3,985      4,200
  Indiana Municipal Power Agency Electric Power & Light Revenue 5.000%   1/1/33       7,280      7,453
  Indiana Municipal Power Agency Electric Power & Light Revenue 5.000%   1/1/33       6,330      6,627
  Indiana Municipal Power Agency Electric Power & Light Revenue 5.000%   1/1/34      19,000     19,436
  Indiana Municipal Power Agency Electric Power & Light Revenue 5.000%   1/1/34       4,085      4,265
  Indiana Municipal Power Agency Electric Power & Light Revenue 5.000%   1/1/35      20,110     20,552
  Indiana Municipal Power Agency Electric Power & Light Revenue 5.000%   1/1/35       1,315      1,374
  Indiana Municipal Power Agency Electric Power & Light Revenue 5.000%   1/1/36      12,500     12,761
  Indiana Municipal Power Agency Electric Power & Light Revenue 5.000%   1/1/37       2,410      2,507
  Indianapolis Board of School Commissioners GO 5.000%  1/15/26         665        678
  Indianapolis Board of School Commissioners GO 5.000%  7/15/26         665        686
  Indianapolis Department of Public Utilities Water System Water Revenue 5.000%  10/1/27       2,255      2,376
  Indianapolis Department of Public Utilities Water System Water Revenue 5.000%  10/1/35       7,000      7,352
  Indianapolis Department of Public Utilities Water System Water Revenue 5.000%  10/1/36      10,025     10,513
  Indianapolis Department of Public Utilities Water System Water Revenue 5.000%  10/1/37       4,500      4,706
  Indianapolis Local Public Improvement Bond Bank Economic Development Revenue 5.000%   3/1/33       1,000      1,054
  Indianapolis Local Public Improvement Bond Bank Economic Development Revenue 5.500%   3/1/38       2,400      2,583
  Indianapolis Local Public Improvement Bond Bank Economic Development Revenue 5.750%   3/1/43       3,390      3,624
  Indianapolis Local Public Improvement Bond Bank Income Tax Revenue (Courthouse & Jail Project) 5.000%   2/1/31       2,110      2,257
  Indianapolis Local Public Improvement Bond Bank Income Tax Revenue (Courthouse & Jail Project) 5.000%   2/1/32       1,035      1,105
  Indianapolis Local Public Improvement Bond Bank Income Tax Revenue (Courthouse & Jail Project) 5.000%   2/1/33       1,530      1,628
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Indianapolis Local Public Improvement Bond Bank Income Tax Revenue (Courthouse & Jail Project) 5.000%   2/1/34       2,450      2,599
  Indianapolis Local Public Improvement Bond Bank Income Tax Revenue (Courthouse & Jail Project) 5.000%   2/1/35       1,945      2,058
  Indianapolis Local Public Improvement Bond Bank Income Tax Revenue (Courthouse & Jail Project) 5.000%   2/1/36       3,510      3,703
  Indianapolis Local Public Improvement Bond Bank Income Tax Revenue (Courthouse & Jail Project) 5.000%   2/1/37       3,700      3,895
  Indianapolis Local Public Improvement Bond Bank Income Tax Revenue (Courthouse & Jail Project) 4.000%   2/1/38       2,350      2,373
  Indianapolis Local Public Improvement Bond Bank Indirect Ad Valorem Property Revenue 6.000%   2/1/41       3,000      3,478
  Indianapolis Local Public Improvement Bond Bank Indirect Ad Valorem Property Revenue 6.000%   2/1/42       2,500      2,888
  Indianapolis Local Public Improvement Bond Bank Indirect Ad Valorem Property Revenue 6.000%   2/1/43       1,875      2,157
3 Indianapolis Local Public Improvement Bond Bank Miscellaneous Revenue 4.000%   6/1/36       5,000      5,133
  Indianapolis Local Public Improvement Bond Bank Miscellaneous Revenue 4.000%   2/1/37       1,500      1,544
3 Indianapolis Local Public Improvement Bond Bank Miscellaneous Revenue 4.000%   6/1/37       5,000      5,085
3 Indianapolis Local Public Improvement Bond Bank Miscellaneous Revenue 4.000%   6/1/38      22,500     22,730
3 Indianapolis Local Public Improvement Bond Bank Miscellaneous Revenue 4.000%   6/1/40       2,630      2,628
  Indianapolis Local Public Improvement Bond Bank Miscellaneous Revenue 5.000%   1/1/42       1,795      1,941
  Indianapolis Local Public Improvement Bond Bank Miscellaneous Revenue 5.000%   1/1/43       2,420      2,607
  Indianapolis Local Public Improvement Bond Bank Miscellaneous Revenue 5.000%   1/1/44       2,000      2,146
  Indianapolis Local Public Improvement Bond Bank Miscellaneous Revenue (16 Tech Project) 5.000%   2/1/30       1,160      1,241
  Indianapolis Local Public Improvement Bond Bank Miscellaneous Revenue (16 Tech Project) 5.000%   2/1/32       1,610      1,718
  Indianapolis Local Public Improvement Bond Bank Miscellaneous Revenue (16 Tech Project) 5.000%   2/1/33       1,540      1,639
  IPS Multi-School Building Corp. Lease (Abatement) Revenue 4.000%  1/15/27       7,355      7,474
  IPS Multi-School Building Corp. Lease (Abatement) Revenue 4.000%  7/15/27       7,200      7,341
  IPS Multi-School Building Corp. Lease (Abatement) Revenue 4.000%  1/15/28       7,645      7,813
  IPS Multi-School Building Corp. Lease (Abatement) Revenue 4.000%  7/15/28       7,795      7,976
  IPS Multi-School Building Corp. Lease (Abatement) Revenue 5.000%  7/15/34       2,000      2,250
  IPS Multi-School Building Corp. Lease (Abatement) Revenue 5.000%  7/15/35       2,300      2,570
  IPS Multi-School Building Corp. Lease (Abatement) Revenue 5.000%  7/15/36         425        466
  IPS Multi-School Building Corp. Lease (Abatement) Revenue 5.250%  7/15/40       1,250      1,368
  IPS Multi-School Building Corp. Lease (Abatement) Revenue 5.250%  7/15/41       1,950      2,124
  IPS Multi-School Building Corp. Lease (Abatement) Revenue 5.250%  7/15/43       1,500      1,623
  Merrillville Multi School Building Corp. Lease (Abatement) Revenue 5.000%  1/15/42       5,000      5,358
  Northern Indiana Commuter Transportation District Transit Revenue 5.000%   1/1/39         600        657
  Northern Indiana Commuter Transportation District Transit Revenue 5.000%   1/1/41       1,000      1,083
  Northern Indiana Commuter Transportation District Transit Revenue 5.000%   1/1/42       1,215      1,311
  Northern Indiana Commuter Transportation District Transit Revenue 5.000%   1/1/43       1,180      1,268
  Northern Indiana Commuter Transportation District Transit Revenue 5.000%   1/1/44       2,200      2,353
  Northwest Allen School Building Corp. Lease (Abatement) Revenue 5.000%  7/15/40       1,150      1,255
  Northwest Allen School Building Corp. Lease (Abatement) Revenue 5.000%  7/15/42       4,075      4,383
  Northwest Allen School Building Corp. Lease (Abatement) Revenue 5.000%  1/15/44       2,260      2,409
  Purdue University College & University Revenue 5.000%   7/1/32       1,850      1,900
  Purdue University College & University Revenue 5.000%   7/1/33       2,505      2,571
  Purdue University College & University Revenue 5.000%   7/1/34       1,590      1,630
  Purdue University College & University Revenue 5.000%   7/1/36       1,255      1,284
  Rockport IN Industrial Revenue (IN MI Power Co. Project) 2.750%   6/1/25      13,000     12,960
  Silver Creek School Building Corp. Lease (Abatement) Revenue 4.000%  1/15/30         300        309
  Silver Creek School Building Corp. Lease (Abatement) Revenue 4.000%  7/15/30         200        207
  Silver Creek School Building Corp. Lease (Abatement) Revenue 4.000%  1/15/31         200        207
  Silver Creek School Building Corp. Lease (Abatement) Revenue 4.000%  1/15/33         700        728
  Silver Creek School Building Corp. Lease (Abatement) Revenue 3.000%  1/15/38       1,400      1,246
  Tri-Creek 2002 High School Building Corp. Lease (Abatement) Revenue 4.000%  7/15/34       2,000      2,016
  Vigo County Building Corp. Lease (Abatement) Revenue 5.000%  7/15/29       1,465      1,576
  Vigo County Building Corp. Lease (Abatement) Revenue 4.000%  7/15/30       3,030      3,129
  Vigo County Building Corp. Lease (Abatement) Revenue 4.000%  7/15/31       3,155      3,245
  Vigo County Building Corp. Lease (Abatement) Revenue 4.000%  7/15/32       3,285      3,370
1 Westfield-Washington Multi-School Building Corp. Lease (Abatement) Revenue 5.000%  7/15/30       1,000      1,092
1 Westfield-Washington Multi-School Building Corp. Lease (Abatement) Revenue 5.000%  1/15/31       1,170      1,286
1 Westfield-Washington Multi-School Building Corp. Lease (Abatement) Revenue 5.000%  1/15/31         615        676
1 Westfield-Washington Multi-School Building Corp. Lease (Abatement) Revenue 5.000%  7/15/31         635        702
1 Westfield-Washington Multi-School Building Corp. Lease (Abatement) Revenue 5.000%  1/15/32       1,100      1,222
1 Westfield-Washington Multi-School Building Corp. Lease (Abatement) Revenue 5.000%  1/15/32       1,500      1,666
1 Westfield-Washington Multi-School Building Corp. Lease (Abatement) Revenue 5.000%  7/15/32       1,125      1,255
1 Westfield-Washington Multi-School Building Corp. Lease (Abatement) Revenue 5.000%  1/15/33         775        868
1 Westfield-Washington Multi-School Building Corp. Lease (Abatement) Revenue 5.000%  7/15/33       1,000      1,125
1 Westfield-Washington Multi-School Building Corp. Lease (Abatement) Revenue 5.000%  7/15/33       1,400      1,575
1 Westfield-Washington Multi-School Building Corp. Lease (Abatement) Revenue 5.000%  1/15/34       1,600      1,807
1 Westfield-Washington Multi-School Building Corp. Lease (Abatement) Revenue 5.000%  7/15/34       1,275      1,447
1 Westfield-Washington Multi-School Building Corp. Lease (Abatement) Revenue 5.000%  7/15/34       1,685      1,912
1 Westfield-Washington Multi-School Building Corp. Lease (Abatement) Revenue 5.250%  7/15/41       1,750      1,944
1 Westfield-Washington Multi-School Building Corp. Lease (Abatement) Revenue 5.250%  7/15/41       2,500      2,777
1 Westfield-Washington Multi-School Building Corp. Lease (Abatement) Revenue 5.250%  7/15/43       3,050      3,355
1 Westfield-Washington Multi-School Building Corp. Lease (Abatement) Revenue 5.250%  7/15/43       4,200      4,620
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
1 Westfield-Washington Multi-School Building Corp. Lease (Abatement) Revenue 5.250%  1/15/44       1,000      1,094
1 Westfield-Washington Multi-School Building Corp. Lease (Abatement) Revenue 5.250%  1/15/44       1,250      1,368
                                     784,479
Iowa (0.2%)
1 Davenport Community School District Infrastructure Sales Services & Use Tax Sales Tax Revenue 4.000%   6/1/42       5,045      4,956
  Iowa Board of Regents Health, Hospital, Nursing Home Revenue 3.000%   9/1/39       4,995      4,435
  Iowa Board of Regents Health, Hospital, Nursing Home Revenue 3.000%   9/1/40       7,210      6,363
  Iowa Board of Regents Health, Hospital, Nursing Home Revenue 3.000%   9/1/41       7,425      6,465
  Iowa City Community School District GO 3.000%   6/1/31       3,840      3,685
  Iowa Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/36       1,780      1,600
  Iowa Finance Authority Health, Hospital, Nursing Home Revenue 4.125%  5/15/38       1,305      1,264
  Iowa Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  5/15/39       2,210      2,295
  Iowa Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  5/15/44       2,850      2,884
  Iowa Finance Authority Industrial Revenue (Lowa Fertilizer Co. Project) PUT, Prere. 4.000%  12/1/32      14,250     15,297
  Iowa Finance Authority Industrial Revenue (Lowa Fertilizer Co. Project) PUT, Prere. 5.000%  12/1/32      24,000     27,430
  Iowa Finance Authority Local or Guaranteed Housing Revenue 4.000%   7/1/47       3,650      3,671
  Iowa Finance Authority Local or Guaranteed Housing Revenue 3.000%   1/1/52       3,690      3,588
  Iowa Finance Authority Local or Guaranteed Housing Revenue (Mortgage-Backed Securities Program) 3.250%   7/1/50         940        927
  Iowa Finance Authority Local or Guaranteed Housing Revenue VRDO 2.200%   2/6/25         800        800
  Iowa Finance Authority Revenue 4.650%   7/1/43       3,000      3,054
  Iowa Higher Education Loan Authority College & University Revenue (Des Moines University Project) 5.000%  10/1/28         735        775
  Iowa Higher Education Loan Authority College & University Revenue (Des Moines University Project) 5.000%  10/1/29       1,165      1,242
  Iowa Higher Education Loan Authority College & University Revenue (Des Moines University Project) 5.000%  10/1/30       1,220      1,313
  Iowa Higher Education Loan Authority College & University Revenue (Des Moines University Project) 5.000%  10/1/31       1,800      1,930
  Iowa Higher Education Loan Authority College & University Revenue (Des Moines University Project) 5.000%  10/1/32       1,925      2,056
  Iowa Higher Education Loan Authority College & University Revenue (Des Moines University Project) 5.000%  10/1/33       2,025      2,154
  Iowa Higher Education Loan Authority College & University Revenue (Des Moines University Project) 5.000%  10/1/34       2,135      2,263
  Iowa Higher Education Loan Authority College & University Revenue (Des Moines University Project) 5.000%  10/1/36       2,475      2,607
  Iowa Higher Education Loan Authority College & University Revenue (Des Moines University Project) 5.000%  10/1/37       2,600      2,728
  Iowa Higher Education Loan Authority College & University Revenue (Des Moines University Project) 5.000%  10/1/38       2,735      2,859
  Iowa Higher Education Loan Authority College & University Revenue (Des Moines University Project) 5.000%  10/1/39       2,875      2,994
  Iowa Special Obligation Revenue 5.000%   6/1/27       5,590      5,749
  Iowa Tobacco Settlement Authority Tobacco Settlement Funded Revenue 5.000%   6/1/30       1,705      1,818
  Iowa Tobacco Settlement Authority Tobacco Settlement Funded Revenue 5.000%   6/1/31         800        862
  Iowa Tobacco Settlement Authority Tobacco Settlement Funded Revenue 5.000%   6/1/32       2,300      2,472
  Iowa Tobacco Settlement Authority Tobacco Settlement Funded Revenue 5.000%   6/1/33       2,330      2,496
  Iowa Tobacco Settlement Authority Tobacco Settlement Funded Revenue 4.000%   6/1/34       1,285      1,297
  Iowa Tobacco Settlement Authority Tobacco Settlement Funded Revenue 4.000%   6/1/35         425        427
  Iowa Tobacco Settlement Authority Tobacco Settlement Funded Revenue 4.000%   6/1/36       2,505      2,512
  Iowa Tobacco Settlement Authority Tobacco Settlement Funded Revenue 4.000%   6/1/37       3,310      3,309
  Iowa Tobacco Settlement Authority Tobacco Settlement Funded Revenue 4.000%   6/1/38       3,800      3,777
  Iowa Tobacco Settlement Authority Tobacco Settlement Funded Revenue 4.000%   6/1/39       2,000      1,971
  Iowa Tobacco Settlement Authority Tobacco Settlement Funded Revenue 4.000%   6/1/40       4,000      3,913
  Iowa Tobacco Settlement Authority Tobacco Settlement Funded Revenue 4.000%   6/1/49       1,040      1,007
  University of Iowa College & University Revenue 3.000%   7/1/33       1,000        955
  University of Iowa Facilities Corp. College & University Revenue 5.000%   6/1/44       1,090      1,162
  Waukee Community School District GO 3.000%   6/1/31       4,700      4,525
  Waukee Community School District GO 3.000%   6/1/32       4,840      4,593
                                     154,480
Kansas (0.2%)
  Butler County Unified School District No. 385 Andover GO 4.000%   9/1/27       2,500      2,567
  Butler County Unified School District No. 385 Andover GO 4.000%   9/1/28       4,010      4,118
  Butler County Unified School District No. 385 Andover GO 4.000%   9/1/29       3,025      3,094
  Butler County Unified School District No. 385 Andover GO 4.000%   9/1/30       3,025      3,086
  Butler County Unified School District No. 385 Andover GO 4.000%   9/1/31       5,750      5,850
  Butler County Unified School District No. 385 Andover GO, Prere. 5.000%   9/1/27       2,000      2,106
  Butler County Unified School District No. 385 Andover GO, Prere. 5.000%   9/1/27       2,470      2,601
  Butler County Unified School District No. 385 Andover GO, Prere. 5.000%   9/1/27       2,680      2,822
3 Ellis County Unified School District No. 489 Hays GO 5.000%   9/1/36         600        653
3 Ellis County Unified School District No. 489 Hays GO 5.000%   9/1/42       2,250      2,382
  Geary County Unified School District No. 475 GO, Prere. 4.000%   9/1/25       2,000      2,014
  Geary County Unified School District No. 475 GO, Prere. 4.000%   9/1/25       2,155      2,170
  Geary County Unified School District No. 475 GO, Prere. 4.000%   9/1/25       1,835      1,848
  Hutchinson KS Health, Hospital, Nursing Home Revenue 5.000%  12/1/26         600        598
  Hutchinson KS Health, Hospital, Nursing Home Revenue 5.000%  12/1/27         500        497
  Hutchinson KS Health, Hospital, Nursing Home Revenue 5.000%  12/1/28         500        496
  Hutchinson KS Health, Hospital, Nursing Home Revenue 5.000%  12/1/29         500        494
  Hutchinson KS Health, Hospital, Nursing Home Revenue 5.000%  12/1/30         500        493
  Hutchinson KS Health, Hospital, Nursing Home Revenue 5.000%  12/1/31         650        638
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Johnson County Public Building Commission Lease (Non-Terminable) Revenue (Courthouse & Medical Examiners Facility Projects) 4.000%   9/1/27      20,000     20,340
  Johnson County Unified School District No. 233 Olathe GO 5.000%   9/1/31       2,500      2,809
  Johnson County Unified School District No. 233 Olathe GO 4.000%   9/1/35       2,250      2,311
  Kansas Department of Transportation Fuel Sales Tax Revenue 5.000%   9/1/29       8,000      8,727
  Kansas Department of Transportation Fuel Sales Tax Revenue 5.000%   9/1/30      10,945     12,116
  Kansas Department of Transportation Fuel Sales Tax Revenue 5.000%   9/1/37       9,925     10,283
  Kansas Department of Transportation Fuel Sales Tax Revenue 5.000%   9/1/41       2,500      2,781
  Kansas Department of Transportation Fuel Sales Tax Revenue 5.000%   9/1/42       2,500      2,762
  Kansas Department of Transportation Fuel Sales Tax Revenue 5.000%   9/1/43       4,050      4,447
  Kansas Development Finance Authority Health, Hospital, Nursing Home Revenue PUT 5.000% 11/15/31      11,860     13,152
  Kansas Development Finance Authority Health, Hospital, Nursing Home Revenue, Prere. 5.000% 11/15/28       1,360      1,440
  Kansas Development Finance Authority Local or Guaranteed Housing Revenue PUT 5.000%   6/1/27       4,735      4,874
  Leavenworth County Unified School District No. 458 GO 5.000%   9/1/42       3,820      4,046
  Lyon County Unified School District No. 253 Emporia GO 4.000%   9/1/29         450        460
  Lyon County Unified School District No. 253 Emporia GO 4.000%   9/1/30         325        332
  Lyon County Unified School District No. 253 Emporia GO 4.000%   9/1/31         350        356
  Manhattan KS Health, Hospital, Nursing Home Revenue 4.000%   6/1/36       1,000        941
4 Overland Park KS Sales Tax Revenue (Bluhawk Star Bond Project) 6.000% 11/15/34         965        993
  Prairie Village KS Special Obligation Revenue (Meadowbrook TIF Project) 3.125%   4/1/36       1,000        936
  Prairie Village KS Special Obligation Revenue (Meadowbrook TIF Project) 2.875%   4/1/30         225        221
3 Sedgwick County Unified School District No. 262 Valley Center GO 5.000%   9/1/40       1,080      1,146
3 Sedgwick County Unified School District No. 262 Valley Center GO 5.000%   9/1/42       1,000      1,053
  Sedgwick County Unified School District No. 266 Maize GO 4.000%   9/1/28       3,000      3,073
  Sedgwick County Unified School District No. 266 Maize GO 4.000%   9/1/29       1,590      1,624
  Sedgwick County Unified School District No. 266 Maize GO 4.000%   9/1/30       1,325      1,350
  Sedgwick County Unified School District No. 266 Maize GO 4.000%   9/1/31       1,500      1,525
  Sedgwick County Unified School District No. 266 Maize GO 4.000%   9/1/32       1,280      1,298
  Sedgwick County Unified School District No. 266 Maize GO 3.000%   9/1/34       6,125      5,669
  Seward County Unified School District No. 480 Liberal GO, Prere. 4.000%   9/1/25       5,430      5,468
  Shawnee County Unified School District No. 437 Auburn - Washburn GO 5.000%   9/1/36       1,500      1,670
  Shawnee County Unified School District No. 437 Auburn - Washburn GO 5.000%   9/1/37       2,000      2,214
  Shawnee County Unified School District No. 437 Auburn - Washburn GO 5.000%   9/1/38       1,755      1,926
  Shawnee County Unified School District No. 437 Auburn - Washburn GO 5.000%   9/1/40       1,750      1,897
  Shawnee County Unified School District No. 437 Auburn - Washburn GO 5.000%   9/1/42       3,000      3,223
3 Topeka KS Combined Utility Water Revenue 4.000%   8/1/43       2,440      2,418
  University of Kansas Hospital Authority Health, Hospital, Nursing Home Revenue 5.000%   3/1/34       3,770      4,040
                                     172,448
Kentucky (1.4%)
  Ashland KY Health, Hospital, Nursing Home Revenue 5.000%   2/1/28         600        623
  Ashland KY Health, Hospital, Nursing Home Revenue 5.000%   2/1/29         265        277
  Ashland KY Health, Hospital, Nursing Home Revenue 5.000%   2/1/30         375        395
  Ashland KY Health, Hospital, Nursing Home Revenue 5.000%   2/1/31       1,395      1,445
  Ashland KY Health, Hospital, Nursing Home Revenue 5.000%   2/1/32         450        465
  Ashland KY Health, Hospital, Nursing Home Revenue 4.000%   2/1/33       1,290      1,266
  Ashland KY Health, Hospital, Nursing Home Revenue 4.000%   2/1/34       1,000        974
  Ashland KY Health, Hospital, Nursing Home Revenue 4.000%   2/1/35         470        454
  Ashland KY Health, Hospital, Nursing Home Revenue 4.000%   2/1/36         380        364
  Ashland KY Health, Hospital, Nursing Home Revenue (Kings Daughters Medical Center Project) 5.000%   2/1/25         720        720
  Ashland KY Health, Hospital, Nursing Home Revenue (Kings Daughters Medical Center Project) 5.000%   2/1/26       2,270      2,297
  Ashland KY Health, Hospital, Nursing Home Revenue (Kings Daughters Medical Center Project) 5.000%   2/1/27       2,460      2,495
  Ashland KY Health, Hospital, Nursing Home Revenue (Kings Daughters Medical Center Project) 5.000%   2/1/28       1,260      1,278
  Ashland KY Health, Hospital, Nursing Home Revenue (Kings Daughters Medical Center Project) 5.000%   2/1/29       1,000      1,013
  Carroll County KY Industrial Revenue (Kentucky Utilities Co. Project) PUT 1.550%   9/1/26      11,250     10,755
  Daviess County School District GO 5.000%   2/1/36       1,195      1,320
4,5 Deutsche Bank Spears/Lifers Trust Local or Guaranteed Housing Revenue TOB VRDO 2.200%   2/3/25       8,075      8,075
  Hardin County School District GO 5.000%   6/1/35       2,680      3,001
  Hardin County School District GO 5.000%   6/1/36       2,830      3,156
  Hardin County School District GO 5.000%   6/1/37       2,970      3,298
  Hardin County School District GO 5.000%   6/1/38       3,115      3,438
  Hardin County School District GO 5.000%   6/1/39       2,770      3,038
  Hardin County School District GO 4.000%   6/1/42       4,040      3,951
  Hardin County School District GO 4.000%   6/1/43       8,485      8,227
  Hardin County School District GO 4.000%   6/1/44       1,450      1,393
  Jefferson County KY Board of Education GO 4.000%   9/1/34       2,535      2,614
  Jefferson County School District Finance Corp. Lease (Appropriation) Revenue 5.000%   5/1/36       3,600      3,912
  Kentucky Bond Development Corp. College & University Revenue 4.000%   6/1/33         190        192
  Kentucky Bond Development Corp. College & University Revenue 4.000%   6/1/35         235        237
  Kentucky Bond Development Corp. College & University Revenue 4.000%   6/1/36         240        241
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Kentucky Bond Development Corp. College & University Revenue 4.000%   6/1/38         200        200
  Kentucky Bond Development Corp. Intergovernmental Agreement Revenue (Lexington Center Corp. Project) 5.000%   9/1/27       1,835      1,922
  Kentucky Bond Development Corp. Intergovernmental Agreement Revenue (Lexington Center Corp. Project) 5.000%   9/1/31       2,240      2,373
  Kentucky Bond Development Corp. Intergovernmental Agreement Revenue (Lexington Center Corp. Project) 5.000%   9/1/32       1,360      1,439
  Kentucky Bond Development Corp. Intergovernmental Agreement Revenue (Lexington Center Corp. Project) 5.000%   9/1/33       1,380      1,454
  Kentucky Bond Development Corp. Intergovernmental Agreement Revenue (Lexington Center Corp. Project) 5.000%   9/1/34       1,405      1,474
  Kentucky Bond Development Corp. Intergovernmental Agreement Revenue (Lexington Center Corp. Project) 5.000%   9/1/36       1,880      1,956
  Kentucky Bond Development Corp. Intergovernmental Agreement Revenue (Lexington Center Corp. Project) 5.000%   9/1/37       1,750      1,815
  Kentucky Bond Development Corp. Intergovernmental Agreement Revenue (Lexington Center Corp. Project) 5.000%   9/1/38       1,750      1,807
  Kentucky Bond Development Corp. Intergovernmental Agreement Revenue (Lexington Center Corp. Project) 5.000%   9/1/43       4,920      5,023
1 Kentucky Bond Development Corp. Lease Revenue 5.000%   9/1/33       2,925      3,148
1 Kentucky Bond Development Corp. Lease Revenue 5.000%   9/1/34       3,070      3,294
1 Kentucky Bond Development Corp. Lease Revenue 5.000%   9/1/35       3,230      3,451
1 Kentucky Bond Development Corp. Lease Revenue 5.000%   9/1/36       3,395      3,618
1 Kentucky Bond Development Corp. Lease Revenue 5.000%   9/1/37       3,570      3,784
10 Kentucky Economic Development Finance Authority Health, Hospital, Nursing Home Revenue 0.000%  10/1/25      12,000     11,686
  Kentucky Economic Development Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/27       1,415      1,480
  Kentucky Economic Development Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/27       4,000      4,185
  Kentucky Economic Development Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/29       2,670      2,876
  Kentucky Economic Development Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/29       2,045      2,137
  Kentucky Economic Development Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/30       2,810      3,020
  Kentucky Economic Development Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/30       2,055      2,145
  Kentucky Economic Development Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/31       1,700      1,821
  Kentucky Economic Development Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/31       1,000      1,042
  Kentucky Economic Development Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/32       1,500      1,559
  Kentucky Economic Development Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/33       1,260      1,338
  Kentucky Economic Development Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/33       5,000      5,183
  Kentucky Economic Development Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/34       2,720      2,813
  Kentucky Economic Development Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/35       1,600      1,651
  Kentucky Economic Development Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/36       2,515      2,589
  Kentucky Economic Development Finance Authority Health, Hospital, Nursing Home Revenue 4.000%   8/1/37       2,250      2,228
  Kentucky Economic Development Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/37       4,775      4,903
  Kentucky Economic Development Finance Authority Health, Hospital, Nursing Home Revenue 4.000%   8/1/38       2,000      1,969
  Kentucky Economic Development Finance Authority Health, Hospital, Nursing Home Revenue 4.000%   8/1/39       2,500      2,433
  Kentucky Housing Corp. Local or Guaranteed Housing Revenue 4.375%   9/1/40       6,600      6,659
10 Kentucky Municipal Power Agency Electric Power & Light Revenue 5.000%   9/1/25       4,535      4,579
10 Kentucky Municipal Power Agency Electric Power & Light Revenue 5.000%   9/1/27       4,425      4,469
10 Kentucky Municipal Power Agency Electric Power & Light Revenue 5.000%   9/1/28       5,015      5,061
10 Kentucky Municipal Power Agency Electric Power & Light Revenue 5.000%   9/1/29       4,000      4,036
10 Kentucky Municipal Power Agency Electric Power & Light Revenue 5.000%   9/1/30       2,525      2,547
  Kentucky Municipal Power Agency Electric Power & Light Revenue (Prairie State Project) 5.000%   9/1/27       2,820      2,915
  Kentucky Municipal Power Agency Electric Power & Light Revenue (Prairie State Project) 5.000%   9/1/28       3,135      3,262
  Kentucky Municipal Power Agency Electric Power & Light Revenue (Prairie State Project) 5.000%   9/1/29       3,015      3,167
  Kentucky Municipal Power Agency Electric Power & Light Revenue (Prairie State Project) 5.000%   9/1/30       3,860      4,041
  Kentucky Municipal Power Agency Electric Power & Light Revenue (Prairie State Project) 5.000%   9/1/33       2,035      2,127
  Kentucky Municipal Power Agency Electric Power & Light Revenue (Prairie State Project) 5.000%   9/1/34       1,220      1,272
  Kentucky Municipal Power Agency Electric Power & Light Revenue (Prairie State Project) 5.000%   9/1/35       2,435      2,534
  Kentucky Municipal Power Agency Electric Power & Light Revenue (Prairie State Project) 5.000%   9/1/36       5,855      6,045
  Kentucky Municipal Power Agency Electric Power & Light Revenue (Prairie State Project) 5.000%   9/1/37       2,400      2,472
  Kentucky Municipal Power Agency Electric Power & Light Revenue PUT 3.450%   3/1/26      16,500     16,438
  Kentucky Public Energy Authority Natural Gas Revenue 5.000%   2/1/32       3,090      3,299
  Kentucky Public Energy Authority Natural Gas Revenue 5.000%   8/1/32       6,340      6,765
  Kentucky Public Energy Authority Natural Gas Revenue PUT 4.000%   6/1/26      63,520     63,892
  Kentucky Public Energy Authority Natural Gas Revenue PUT 4.000%   2/1/28      40,255     40,355
  Kentucky Public Energy Authority Natural Gas Revenue PUT 5.000%   7/1/30      95,810    100,416
  Kentucky Public Energy Authority Natural Gas Revenue PUT 4.000%   8/1/30      92,730     92,559
  Kentucky Public Energy Authority Natural Gas Revenue PUT 5.250%   2/1/32      90,895     97,764
  Kentucky Public Energy Authority Natural Gas Revenue PUT 5.000%   8/1/32     146,205    155,550
  Kentucky State Property & Building Commission Lease (Appropriation) Revenue (Project No. 112) 5.000%  11/1/28       1,305      1,350
1 Kentucky State Property & Building Commission Lease (Appropriation) Revenue (Project No. 119) 5.000%   5/1/31       2,750      2,905
1 Kentucky State Property & Building Commission Lease (Appropriation) Revenue (Project No. 119) 5.000%   5/1/32       2,000      2,102
1 Kentucky State Property & Building Commission Lease (Appropriation) Revenue (Project No. 119) 5.000%   5/1/33       2,000      2,099
1 Kentucky State Property & Building Commission Lease (Appropriation) Revenue (Project No. 119) 5.000%   5/1/34       1,000      1,050
  Kentucky State Property & Building Commission Lease (Appropriation) Revenue (Project No. 122) 4.000%  11/1/34       1,355      1,372
  Kentucky State Property & Building Commission Lease (Appropriation) Revenue (Project No. 122) 4.000%  11/1/36       1,130      1,140
  Kentucky State Property & Building Commission Lease (Appropriation) Revenue (Project No. 122) 4.000%  11/1/37       1,250      1,259
  Kentucky State Property & Building Commission Lease (Appropriation) Revenue (Project No. 128) 5.000%  11/1/32       1,270      1,435
  Kentucky State Property & Building Commission Lease (Appropriation) Revenue (Project No. 128) 5.000%  11/1/33       1,350      1,539
  Kentucky State Property & Building Commission Lease (Appropriation) Revenue (Project No. 128) 5.000%  11/1/36       1,690      1,901
  Kentucky State Property & Building Commission Lease (Appropriation) Revenue (Project No. 128) 5.000%  11/1/37       1,400      1,564
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Kentucky State Property & Building Commission Lease (Appropriation) Revenue (Project No. 128) 5.000%  11/1/38       1,125      1,251
  Kentucky State Property & Building Commission Lease (Appropriation) Revenue (Project No. 128) 5.000%  11/1/39       1,250      1,380
  Kentucky State Property & Building Commission Lease (Appropriation) Revenue (Project No. 128) 5.500%  11/1/43       2,590      2,907
  Kentucky State Property & Building Commission Lease (Appropriation) Revenue (Project No. 130) 4.000%  11/1/41       2,330      2,310
  Kentucky State Property & Building Commission Lease (Appropriation) Revenue (Project No. 130) 5.000%  11/1/42       1,805      1,979
  Kentucky State Property & Building Commission Lease (Appropriation) Revenue (Project No. 130) 4.000%  11/1/43       1,975      1,917
  Kentucky State Property & Building Commission Lease (Appropriation) Revenue (Project No. 131) 5.000%  10/1/30         835        923
  Kentucky State Property & Building Commission Lease (Appropriation) Revenue (Project No. 131) 5.000%  10/1/31       1,565      1,749
  Kentucky State Property & Building Commission Lease (Appropriation) Revenue (Project No. 131) 5.000%  10/1/32       2,440      2,755
  Kentucky State Property & Building Commission Lease (Appropriation) Revenue (Project No. 131) 5.000%  10/1/33       2,005      2,285
  Kentucky State Property & Building Commission Lease (Appropriation) Revenue (Project No. 131) 5.000%  10/1/34       5,830      6,693
  Kentucky State Property & Building Commission Lease (Appropriation) Revenue (Project No. 131) 5.000%  10/1/35       3,200      3,649
  Kentucky State Property & Building Commission Lease (Appropriation) Revenue (Project No. 131) 5.000%  10/1/36       4,500      5,110
  Kentucky State Property & Building Commission Lease (Appropriation) Revenue (Project No. 131) 5.000%  10/1/41       5,500      6,057
  Kentucky State Property & Building Commission Lease (Appropriation) Revenue (Project No. 131) 5.000%  10/1/42       7,000      7,668
  Kentucky State Property & Building Commission Lease (Appropriation) Revenue (Project No. 131) 5.000%  10/1/43       6,500      7,082
  Kentucky State Property & Building Commission Lease (Appropriation) Revenue (Project No. 131) 5.000%  10/1/44       5,500      5,960
  Louisville & Jefferson County Metropolitan Sewer District Sewer Revenue 2.000%  5/15/33       1,380      1,156
  Louisville & Jefferson County Metropolitan Sewer District Sewer Revenue 3.000%  5/15/44       2,000      1,601
  Louisville-Jefferson County Metropolitan Government Health, Hospital, Nursing Home Revenue 0.900%   9/1/26       3,560      3,391
  Louisville-Jefferson County Metropolitan Government Health, Hospital, Nursing Home Revenue 5.000%  10/1/26       8,290      8,532
  Louisville-Jefferson County Metropolitan Government Health, Hospital, Nursing Home Revenue 5.000%  10/1/29       6,320      6,740
  Louisville-Jefferson County Metropolitan Government Health, Hospital, Nursing Home Revenue 5.000%  10/1/29      19,640     20,962
  Louisville-Jefferson County Metropolitan Government Health, Hospital, Nursing Home Revenue 2.000%  10/1/33      21,500     17,254
  Louisville-Jefferson County Metropolitan Government Health, Hospital, Nursing Home Revenue 5.000%  10/1/37      15,500     16,102
  Louisville-Jefferson County Metropolitan Government Health, Hospital, Nursing Home Revenue 5.000%  10/1/37         800        881
  Louisville-Jefferson County Metropolitan Government Health, Hospital, Nursing Home Revenue 4.000%   4/1/38       5,895      6,047
  Louisville-Jefferson County Metropolitan Government Health, Hospital, Nursing Home Revenue 5.000%  10/1/38       6,650      6,878
  Louisville-Jefferson County Metropolitan Government Health, Hospital, Nursing Home Revenue 5.000%  10/1/38         700        766
  Louisville-Jefferson County Metropolitan Government Health, Hospital, Nursing Home Revenue 5.000%  10/1/39       1,225      1,329
  Louisville-Jefferson County Metropolitan Government Health, Hospital, Nursing Home Revenue 5.000%  10/1/40       2,125      2,289
  Louisville-Jefferson County Metropolitan Government Health, Hospital, Nursing Home Revenue 5.000%  10/1/41       2,315      2,472
  Louisville-Jefferson County Metropolitan Government Health, Hospital, Nursing Home Revenue 4.000%  12/1/41       4,000      3,966
  Louisville-Jefferson County Metropolitan Government Health, Hospital, Nursing Home Revenue 5.000%  10/1/42       1,000      1,061
  Madison County School District Finance Corp. Lease (Appropriation) Revenue 2.000%   2/1/41       2,000      1,350
  Owen County KY Water Revenue (Kentucky-American Water Co. Project) PUT 3.875%   9/1/28       1,250      1,245
  Owen County KY Water Revenue PUT 2.450%  10/1/29      15,245     14,149
  Owen County KY Water Revenue PUT 2.450%  10/1/29      14,000     12,989
3 Paducah Electric Plant Board Electric Power & Light Revenue 5.000%  10/1/25       1,665      1,685
3 Paducah Electric Plant Board Electric Power & Light Revenue 5.000%  10/1/26       1,150      1,183
  University of Kentucky College & University Revenue 4.000%  10/1/29       3,055      3,074
  University of Kentucky College & University Revenue 3.500%   4/1/30       1,000      1,011
  University of Kentucky College & University Revenue 3.500%   4/1/31       2,465      2,484
  University of Kentucky College & University Revenue 4.000%  10/1/31      15,070     15,143
  University of Kentucky College & University Revenue 3.500%   4/1/32       2,550      2,551
  University of Kentucky College & University Revenue 3.625%   4/1/33       2,640      2,654
  University of Kentucky College & University Revenue 4.000%   4/1/42      10,000      9,852
  University of Kentucky College & University Revenue 4.000%   4/1/43       9,610      9,403
3 University of Louisville College & University Revenue 4.000%   9/1/29       1,315      1,350
  Warren County KY Health, Hospital, Nursing Home Revenue 5.000%   4/1/38       1,300      1,429
  Warren County KY Health, Hospital, Nursing Home Revenue 5.000%   4/1/39       1,750      1,908
  Warren County KY Health, Hospital, Nursing Home Revenue 5.000%   4/1/40       2,000      2,171
  Warren County KY Health, Hospital, Nursing Home Revenue 5.000%   4/1/41       1,385      1,494
  Warren County KY Health, Hospital, Nursing Home Revenue 5.000%   4/1/42       1,565      1,680
  Warren County KY Health, Hospital, Nursing Home Revenue 5.000%   4/1/43       1,500      1,603
  Warren County KY Health, Hospital, Nursing Home Revenue 5.000%   4/1/44       1,815      1,931
                                   1,072,111
Louisiana (0.8%)
4,5 Calcasieu Parish Public Trust Authority Multi Family Housing Local or Guaranteed Housing Revenue TOB VRDO 2.200%   2/3/25      17,349     17,349
  East Baton Rouge Sewerage Commission Sewer Revenue PUT 1.300%   2/1/28       9,750      8,743
1 Jefferson Parish Consolidated Waterworks District No. 2 Water Revenue 4.000%   2/1/38       7,665      7,758
1 Jefferson Parish Consolidated Waterworks District No. 2 Water Revenue 4.000%   2/1/39      11,650     11,723
3 Jefferson Sales Tax District Sales Tax Revenue 5.000%  12/1/34       1,500      1,560
3 Jefferson Sales Tax District Sales Tax Revenue 5.000%  12/1/36       2,000      2,070
3 Lafayette Consolidated Government Telecom Revenue 5.000%  11/1/25       1,500      1,523
3 Lafayette LA Utilities Electric Power & Light Revenue 5.000%  11/1/26         950        983
3 Lafayette LA Utilities Electric Power & Light Revenue 5.000%  11/1/28       1,010      1,057
3 Lafayette LA Utilities Electric Power & Light Revenue 5.000%  11/1/29         800        837
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
3 Lafayette LA Utilities Electric Power & Light Revenue 5.000%  11/1/30       1,500      1,567
  Lafayette Parish School Board Sales Tax Revenue 5.000%   4/1/36         525        586
  Lafayette Parish School Board Sales Tax Revenue 5.000%   4/1/37         500        554
  Lafayette Parish School Board Sales Tax Revenue 5.000%   4/1/38         625        686
  Lafayette Parish School Board Sales Tax Revenue 5.000%   4/1/39         765        830
  Lafayette Parish School Board Sales Tax Revenue 4.000%   4/1/42       1,000      1,003
  Louisiana Gasoline & Fuels Tax Fuel Sales Tax Revenue 5.000%   5/1/28       5,140      5,418
  Louisiana Gasoline & Fuels Tax Fuel Sales Tax Revenue 5.000%   5/1/28       4,525      4,777
  Louisiana Gasoline & Fuels Tax Fuel Sales Tax Revenue 5.000%   5/1/31       3,665      4,081
  Louisiana Gasoline & Fuels Tax Fuel Sales Tax Revenue 5.000%   5/1/32       5,055      5,695
  Louisiana Gasoline & Fuels Tax Fuel Sales Tax Revenue 5.000%   5/1/33       5,615      6,371
  Louisiana Gasoline & Fuels Tax Fuel Sales Tax Revenue 3.000%   5/1/41       2,760      2,401
  Louisiana Gasoline & Fuels Tax Fuel Sales Tax Revenue 5.000%   5/1/41       1,500      1,653
  Louisiana Gasoline & Fuels Tax Fuel Sales Tax Revenue 4.000%   5/1/44       1,025        982
  Louisiana Gasoline & Fuels Tax Fuel Sales Tax Revenue, Prere. 4.500%   5/1/25      25,000     25,102
  Louisiana GO 5.000%   2/1/27       5,325      5,548
  Louisiana GO 5.000%   2/1/28       5,000      5,321
  Louisiana GO 5.000%   2/1/30       9,000      9,888
  Louisiana GO 5.000%   2/1/31      10,000     11,155
  Louisiana GO 5.000%   2/1/33       6,000      6,829
  Louisiana GO 5.000%   2/1/34       7,000      8,042
  Louisiana Housing Corp. Local or Guaranteed Housing Revenue (Ridge Common Project) 4.500%   7/1/42       4,804      4,833
  Louisiana Local Government Environmental Facilities & Community Development Authority Health, Hospital, Nursing Home Revenue (Woman's Foundation Project) 5.000%  10/1/26       1,625      1,670
  Louisiana Local Government Environmental Facilities & Community Development Authority Health, Hospital, Nursing Home Revenue (Woman's Foundation Project) 5.000%  10/1/27       1,250      1,301
  Louisiana Local Government Environmental Facilities & Community Development Authority Health, Hospital, Nursing Home Revenue (Woman's Foundation Project) 5.000%  10/1/28       2,135      2,222
  Louisiana Local Government Environmental Facilities & Community Development Authority Industrial Revenue (Westlake Chemical Corp. Project) 3.500%  11/1/32       1,930      1,856
1 Louisiana Local Government Environmental Facilities & Community Development Authority Intergovernmental Agreement Revenue 5.000%   2/1/29         400        430
1 Louisiana Local Government Environmental Facilities & Community Development Authority Intergovernmental Agreement Revenue 5.000%   2/1/30         940      1,024
1 Louisiana Local Government Environmental Facilities & Community Development Authority Intergovernmental Agreement Revenue 5.000%   2/1/31       1,100      1,215
  Louisiana Local Government Environmental Facilities & Community Development Authority Intergovernmental Agreement Revenue 5.000%  8/15/31       5,180      5,369
1 Louisiana Local Government Environmental Facilities & Community Development Authority Intergovernmental Agreement Revenue 5.000%   2/1/32       1,750      1,953
  Louisiana Local Government Environmental Facilities & Community Development Authority Intergovernmental Agreement Revenue 5.000%  8/15/32       5,875      6,078
1 Louisiana Local Government Environmental Facilities & Community Development Authority Intergovernmental Agreement Revenue 5.000%   2/1/33       1,770      1,989
  Louisiana Local Government Environmental Facilities & Community Development Authority Intergovernmental Agreement Revenue 5.000%  8/15/33      13,760     14,204
  Louisiana Local Government Environmental Facilities & Community Development Authority Intergovernmental Agreement Revenue 5.000%  8/15/34       8,940      9,214
  Louisiana Local Government Environmental Facilities & Community Development Authority Intergovernmental Agreement Revenue 5.000%  8/15/35      27,020     27,815
  Louisiana Local Government Environmental Facilities & Community Development Authority Intergovernmental Agreement Revenue 5.000%  8/15/36      44,245     45,407
  Louisiana Local Government Environmental Facilities & Community Development Authority Intergovernmental Agreement Revenue 5.000%  8/15/37      11,935     12,214
1 Louisiana Local Government Environmental Facilities & Community Development Authority Intergovernmental Agreement Revenue 5.000%   2/1/40       2,465      2,698
1 Louisiana Local Government Environmental Facilities & Community Development Authority Intergovernmental Agreement Revenue 5.000%   2/1/41       1,500      1,630
3 Louisiana Local Government Environmental Facilities & Community Development Authority Intergovernmental Agreement Revenue (Plaquemines Project) 5.000%   9/1/26       1,700      1,703
3 Louisiana Local Government Environmental Facilities & Community Development Authority Intergovernmental Agreement Revenue (Plaquemines Project) 5.000%   9/1/28       1,875      1,897
3 Louisiana Local Government Environmental Facilities & Community Development Authority Intergovernmental Agreement Revenue (Plaquemines Project) 5.000%   9/1/31       1,420      1,437
1 Louisiana Local Government Environmental Facilities & Community Development Authority Lease Revenue (LCTCS Act 360 Project) 5.000%  10/1/29       5,900      6,272
1 Louisiana Local Government Environmental Facilities & Community Development Authority Lease Revenue (LCTCS Act 360 Project) 5.000%  10/1/31      11,040     11,661
1 Louisiana Local Government Environmental Facilities & Community Development Authority Lease Revenue (LCTCS Act 360 Project) 5.000%  10/1/32       1,575      1,660
1 Louisiana Local Government Environmental Facilities & Community Development Authority Lease Revenue (LCTCS Act 360 Project) 5.000%  10/1/33       1,520      1,598
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
1 Louisiana Local Government Environmental Facilities & Community Development Authority Lease Revenue (LCTCS Act 360 Project) 5.000%  10/1/34       2,260      2,371
1 Louisiana Local Government Environmental Facilities & Community Development Authority Lease Revenue (LCTCS Act 360 Project) 5.000%  10/1/35       2,505      2,615
1 Louisiana Local Government Environmental Facilities & Community Development Authority Lease Revenue (LCTCS Act 360 Project) 5.000%  10/1/36       2,635      2,746
1 Louisiana Local Government Environmental Facilities & Community Development Authority Lease Revenue (LCTCS Act 360 Project) 5.000%  10/1/37       2,775      2,876
1 Louisiana Local Government Environmental Facilities & Community Development Authority Lease Revenue (LCTCS Act 360 Project) 5.000%  10/1/38       2,915      3,009
4 Louisiana Local Government Environmental Facilities & Community Development Authority Miscellaneous Revenue 4.250%  8/15/34      23,750     23,786
  Louisiana Offshore Terminal Authority Industrial Revenue (Loop LLC Project) 4.150%   9/1/27      10,455     10,535
  Louisiana Offshore Terminal Authority Industrial Revenue (Loop LLC Project) PUT 4.200%   9/1/28       5,020      5,048
  Louisiana Offshore Terminal Authority Industrial Revenue (Loop LLC Project) PUT 4.200%   9/1/28       4,215      4,236
  Louisiana Public Facilities Authority College & University Revenue 5.250%  10/1/30       2,500      2,691
  Louisiana Public Facilities Authority College & University Revenue 5.250%  10/1/33       4,515      4,924
  Louisiana Public Facilities Authority College & University Revenue (Tulane University of Louisiana Project) 5.000% 10/15/35         775        859
  Louisiana Public Facilities Authority College & University Revenue (Tulane University of Louisiana Project) 5.000% 10/15/38         250        273
  Louisiana Public Facilities Authority College & University Revenue (Tulane University of Louisiana Project) 4.000%   4/1/39       4,000      4,024
  Louisiana Public Facilities Authority College & University Revenue (Tulane University of Louisiana Project) 4.000%   4/1/40       2,000      2,003
  Louisiana Public Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/27       2,785      2,908
  Louisiana Public Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/28       1,470      1,559
  Louisiana Public Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/31       7,020      7,065
  Louisiana Public Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/32       8,390      8,439
  Louisiana Public Facilities Authority Health, Hospital, Nursing Home Revenue (Louisiana Children's Medical Center Project) 5.000%   6/1/36       5,000      5,190
  Louisiana Public Facilities Authority Health, Hospital, Nursing Home Revenue (Louisiana Children's Medical Center Project) 5.000%   6/1/37       6,700      6,938
  Louisiana Public Facilities Authority Health, Hospital, Nursing Home Revenue (Louisiana Children's Medical Center Project) 5.000%   6/1/38       4,040      4,174
  Louisiana Public Facilities Authority Health, Hospital, Nursing Home Revenue (Ochsner Clinic Foundation Project) 5.000%  5/15/25       1,310      1,317
8 Louisiana Public Facilities Authority Intergovernmental Agreement Revenue 5.000%   8/1/31       1,250      1,389
8 Louisiana Public Facilities Authority Intergovernmental Agreement Revenue 5.000%   8/1/33       1,350      1,520
8 Louisiana Public Facilities Authority Intergovernmental Agreement Revenue 5.000%   8/1/34       1,300      1,471
8 Louisiana Public Facilities Authority Intergovernmental Agreement Revenue 5.000%   8/1/35       1,150      1,292
8 Louisiana Public Facilities Authority Intergovernmental Agreement Revenue 5.000%   8/1/40       2,000      2,186
8 Louisiana Public Facilities Authority Intergovernmental Agreement Revenue 5.000%   8/1/41       2,000      2,170
8 Louisiana Public Facilities Authority Intergovernmental Agreement Revenue 5.000%   8/1/42       2,100      2,268
8 Louisiana Public Facilities Authority Intergovernmental Agreement Revenue 5.000%   8/1/43       2,375      2,551
8 Louisiana Public Facilities Authority Intergovernmental Agreement Revenue 5.000%   8/1/44       2,000      2,140
  Louisiana Stadium & Exposition District Hotel Occupancy Tax Revenue 5.000%   7/1/37       2,000      2,202
  Louisiana Stadium & Exposition District Hotel Occupancy Tax Revenue 5.000%   7/1/38       1,500      1,646
  Louisiana Stadium & Exposition District Hotel Occupancy Tax Revenue 5.000%   7/1/39       3,000      3,270
  Louisiana Stadium & Exposition District Hotel Occupancy Tax Revenue 5.000%   7/1/40       2,250      2,440
  Louisiana Stadium & Exposition District Hotel Occupancy Tax Revenue 5.000%   7/1/41       5,250      5,659
3 New Orleans Aviation Board Auto Parking Revenue 5.000%  10/1/28       1,825      1,941
3 New Orleans Aviation Board Auto Parking Revenue 5.000%  10/1/33       1,000      1,049
3 New Orleans Aviation Board Auto Parking Revenue 5.000%  10/1/34       1,280      1,340
3 New Orleans Aviation Board Auto Parking Revenue 5.000%  10/1/35       1,480      1,543
  New Orleans LA GO 5.000%  12/1/38       3,430      3,674
  Parish of East Baton Rouge Capital Improvements District Sales Tax Revenue 5.000%   8/1/32       1,475      1,671
  Parish of East Baton Rouge Capital Improvements District Sales Tax Revenue 5.000%   8/1/33       2,285      2,608
  Parish of East Baton Rouge Capital Improvements District Sales Tax Revenue 5.000%   8/1/34       1,900      2,184
  Parish of East Baton Rouge Capital Improvements District Sales Tax Revenue 5.000%   8/1/35       3,000      3,428
8 Shreveport LA GO 5.000%   3/1/41       1,000      1,071
8 Shreveport LA GO 5.000%   3/1/44       1,250      1,319
1 Shreveport LA Water & Sewer Water Revenue 5.000%  12/1/26       1,975      2,040
1 Shreveport LA Water & Sewer Water Revenue 5.000%  12/1/27       1,750      1,830
1 Shreveport LA Water & Sewer Water Revenue 5.000%  12/1/28       1,150      1,216
1 Shreveport LA Water & Sewer Water Revenue 5.000%  12/1/30       2,900      3,039
1 Shreveport LA Water & Sewer Water Revenue 5.000%  12/1/31       1,000      1,042
1 Shreveport LA Water & Sewer Water Revenue 5.000%  12/1/32       3,935      4,085
1 Shreveport LA Water & Sewer Water Revenue 4.000%  12/1/34       2,175      2,193
  St John the Baptist Parish School District No. 1 GO 5.250%   3/1/31       2,535      2,708
  St John the Baptist Parish School District No. 1 GO 5.250%   3/1/32       3,310      3,556
  St John the Baptist Parish School District No. 1 GO 5.250%   3/1/35       7,415      8,088
  St. John Parish the Baptist LA Industrial Revenue (Marathon Oil Corp. Project) PUT 2.200%   7/1/26      11,825     11,653
  St. John Parish the Baptist LA Industrial Revenue (Marathon Oil Corp. Project) PUT 2.375%   7/1/26      18,185     17,964
  St. John Parish the Baptist LA Industrial Revenue (Marathon Oil Corp. Project) PUT 4.050%   7/1/26      13,425     13,569
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  St. John Parish the Baptist LA Industrial Revenue PUT 3.300%   7/3/28      35,600     35,632
  St. Tammany Parish Hospital Service District No. 1 Health, Hospital, Nursing Home Revenue (St. Tammany PSH Hospital Project) 5.000%   7/1/37       1,000      1,024
  Tangipahoa Parish Hospital Service District No. 1 Health, Hospital, Nursing Home Revenue (North Oaks Health System Project) 5.000%   2/1/29       1,530      1,607
  Tangipahoa Parish Hospital Service District No. 1 Health, Hospital, Nursing Home Revenue (North Oaks Health System Project) 4.000%   2/1/35       2,515      2,496
  Tangipahoa Parish Hospital Service District No. 1 Health, Hospital, Nursing Home Revenue (North Oaks Health System Project) 4.000%   2/1/36       3,385      3,340
  Tangipahoa Parish Hospital Service District No. 1 Health, Hospital, Nursing Home Revenue (North Oaks Health System Project) 4.000%   2/1/37       4,090      4,012
  Tangipahoa Parish Hospital Service District No. 1 Health, Hospital, Nursing Home Revenue (North Oaks Health System Project) 4.000%   2/1/38       1,775      1,715
  Tangipahoa Parish Hospital Service District No. 1 Health, Hospital, Nursing Home Revenue (North Oaks Health System Project) 4.000%   2/1/39       1,755      1,672
  Tangipahoa Parish Hospital Service District No. 1 Health, Hospital, Nursing Home Revenue (North Oaks Health System Project) 3.000%   2/1/40       4,250      3,288
  Tangipahoa Parish Hospital Service District No. 1 Health, Hospital, Nursing Home Revenue (North Oaks Health System Project) 4.000%   2/1/41       1,485      1,383
                                     624,212
Maine (0.1%)
  Bar Harbor ME GO 5.000%   9/1/40         900      1,000
  Bar Harbor ME GO 5.000%   9/1/42         425        467
  Lower Kennebec Regional School Unit No. 1 GO 3.000%  11/1/33       1,000        951
  Maine Governmental Facilities Authority Lease (Appropriation) Revenue 4.000%  10/1/39       3,065      3,079
  Maine Governmental Facilities Authority Lease (Appropriation) Revenue 4.000%  10/1/40       1,685      1,684
  Maine Governmental Facilities Authority Lease (Appropriation) Revenue 4.000%  10/1/41       3,330      3,294
  Maine Health & Higher Educational Facilities Authority College & University Revenue 5.000%   7/1/26         365        374
  Maine Health & Higher Educational Facilities Authority College & University Revenue 5.000%   7/1/27         350        364
  Maine Health & Higher Educational Facilities Authority College & University Revenue 5.000%   7/1/28         360        375
  Maine Health & Higher Educational Facilities Authority College & University Revenue 5.000%   7/1/29         465        482
  Maine Health & Higher Educational Facilities Authority College & University Revenue 5.000%  10/1/39       4,000      4,459
  Maine Health & Higher Educational Facilities Authority College & University Revenue 5.000%  10/1/40       2,250      2,497
  Maine Health & Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/29       1,270      1,362
  Maine Health & Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/31         680        718
  Maine Health & Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/31       1,480      1,605
  Maine Health & Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/32         635        668
  Maine Health & Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/32       1,000      1,082
  Maine Health & Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/33         585        614
  Maine Health & Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/33       1,000      1,079
  Maine Health & Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/34       2,310      2,417
  Maine Health & Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/34       1,000      1,076
3 Maine Health & Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/34         500        544
  Maine Health & Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/35       2,250      2,346
  Maine Health & Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/35       1,000      1,072
  Maine Health & Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%   7/1/36       1,765      1,790
3 Maine Health & Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%   7/1/36         350        355
  Maine Health & Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/36       3,315      3,443
  Maine Health & Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%   7/1/37       1,150      1,162
  Maine Health & Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/37       3,365      3,482
  Maine Health & Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%   7/1/38       1,500      1,507
3 Maine Health & Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%   7/1/38         350        353
  Maine Health & Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/38       2,470      2,547
  Maine Health & Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%   7/1/39       2,000      1,999
  Maine Health & Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%   7/1/40       1,690      1,676
3 Maine Health & Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%   7/1/40         300        298
3 Maine Health & Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.500%   7/1/40       1,000      1,105
  Maine Municipal Bond Bank Government Fund/Grant Revenue GAN 5.000%   9/1/27       1,320      1,362
  Maine Municipal Bond Bank Government Fund/Grant Revenue GAN 5.000%   9/1/28       2,210      2,278
  Maine Municipal Bond Bank Government Fund/Grant Revenue GAN 5.000%   9/1/29       2,010      2,070
  Maine Municipal Bond Bank Government Fund/Grant Revenue GAN 5.000%   9/1/30       1,890      1,944
  Maine Municipal Bond Bank Indirect Ad Valorem Property Revenue 4.000%  11/1/33       2,920      2,985
  Maine Municipal Bond Bank Indirect Ad Valorem Property Revenue 5.000%  11/1/36       5,630      6,005
  Maine Municipal Bond Bank Miscellaneous Revenue 3.000%  11/1/37       1,495      1,376
  Maine Municipal Bond Bank Miscellaneous Revenue 4.000%  11/1/39       1,100      1,113
  Maine Municipal Bond Bank Miscellaneous Revenue 3.000%  11/1/40       1,345      1,156
  Maine Municipal Bond Bank Miscellaneous Revenue 3.000%  11/1/41       1,925      1,622
  Maine State Housing Authority Local or Guaranteed Housing Revenue 2.300% 11/15/46         325        215
  Maine State Housing Authority Local or Guaranteed Housing Revenue 4.000% 11/15/48       1,095      1,098
  Maine Turnpike Authority Highway Revenue 5.000%   7/1/33       1,460      1,544
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Maine Turnpike Authority Highway Revenue 5.000%   7/1/34       1,750      1,844
  Maine Turnpike Authority Highway Revenue 5.000%   7/1/34       1,000      1,089
  Portland ME General Airport Port, Airport & Marina Revenue 5.000%   1/1/30         425        460
  Portland ME General Airport Port, Airport & Marina Revenue 5.000%   1/1/32         810        871
  Portland ME General Airport Port, Airport & Marina Revenue 5.000%   1/1/33         695        745
  Portland ME General Airport Port, Airport & Marina Revenue 5.000%   1/1/34         620        663
  Portland ME General Airport Port, Airport & Marina Revenue 4.000%   1/1/35       1,000      1,002
  Portland ME General Airport Port, Airport & Marina Revenue 4.000%   1/1/37       1,055      1,056
  Portland ME General Airport Port, Airport & Marina Revenue 4.000%   1/1/38       1,170      1,167
  Portland ME General Airport Port, Airport & Marina Revenue 4.000%   1/1/40       1,850      1,802
                                      88,793
Maryland (1.2%)
  Anne Arundel County MD GO 5.000%   4/1/27       1,070      1,122
  Anne Arundel County MD GO 5.000%   4/1/35       1,090      1,093
  Baltimore County MD GO 4.000%   3/1/34       2,650      2,714
  Baltimore County MD GO 4.000%   3/1/35       7,845      8,017
  Baltimore County MD GO 5.000%   7/1/42       8,030      8,969
  Baltimore County MD GO 5.000%   2/1/43       2,395      2,659
  Baltimore County MD GO 5.000%   7/1/43       8,440      9,362
  Baltimore County MD GO 5.000%   7/1/44       8,875      9,792
  Baltimore County MD GO 5.000%   2/1/45       2,355      2,589
  Baltimore County MD GO 5.000%   7/1/45       1,795      1,972
  Baltimore County MD GO 5.000%   7/1/46       1,885      2,061
4 Baltimore MD Special Obligation Revenue (Harbor Point Project) 3.050%   6/1/28         190        184
4 Baltimore MD Special Obligation Revenue (Harbor Point Project) 3.150%   6/1/29         215        207
4 Baltimore MD Special Obligation Revenue (Harbor Point Project) 3.375%   6/1/29         300        286
4 Baltimore MD Special Obligation Revenue (Harbor Point Project) 3.200%   6/1/30         200        191
4 Baltimore MD Special Obligation Revenue (Harbor Point Project) 3.250%   6/1/31         200        190
4 Baltimore MD Special Obligation Revenue (Harbor Point Project) 3.300%   6/1/32         255        240
4 Baltimore MD Special Obligation Revenue (Harbor Point Project) 3.350%   6/1/33         265        247
4 Baltimore MD Special Obligation Revenue (Harbor Point Project) 3.400%   6/1/34         290        268
4 Baltimore MD Special Obligation Revenue (Harbor Point Project) 3.550%   6/1/34         600        542
4 Baltimore MD Special Obligation Revenue (Harbor Point Project) 3.450%   6/1/35         300        280
  Baltimore MD Special Obligation Revenue (Harbor Point Project) 4.875%   6/1/42         875        886
  Baltimore MD Water Revenue (Water Projects) 5.000%   7/1/33       1,020      1,051
  Charles County MD GO 5.000%  10/1/27       4,155      4,400
14 Freddie Mac Pool 3.650%  12/1/37      16,374     15,137
14 Freddie Mac Pool 3.600%   1/1/41       7,474      6,687
  Frederick County MD Tax Increment/Allocation Revenue (Oakdale-lake Linganore Project) 3.250%   7/1/29         895        857
  Gaithersburg MD Health, Hospital, Nursing Home Revenue (Asbury MD Obligation Group Project) 5.000%   1/1/27       2,000      2,031
  Gaithersburg MD Health, Hospital, Nursing Home Revenue (Asbury MD Obligation Group Project) 5.000%   1/1/28       2,000      2,046
  Gaithersburg MD Health, Hospital, Nursing Home Revenue (Asbury MD Obligation Group Project) 5.000%   1/1/33       5,000      5,102
  Gaithersburg MD Health, Hospital, Nursing Home Revenue (Asbury MD Obligation Group Project) 5.000%   1/1/36       2,000      2,033
  Howard County Housing Commission Local or Guaranteed Housing Revenue 1.200%   6/1/27       1,000        938
  Howard County Housing Commission Local or Guaranteed Housing Revenue 1.600%   6/1/29       4,855      4,312
  Howard County MD (Consolidated Public Improvement Project) GO 5.000%  2/15/26       5,320      5,445
  Howard County MD (Consolidated Public Improvement Project) GO 3.000%  8/15/33       4,925      4,707
  Howard County MD (Consolidated Public Improvement Project) GO 4.000%  8/15/42       6,985      7,011
  Maryland Community Development Administration Intergovernmental Agreement Revenue 3.000%   6/1/41       3,005      2,548
  Maryland Community Development Administration Local or Guaranteed Housing Revenue 3.300%   1/1/29       4,805      4,808
  Maryland Community Development Administration Local or Guaranteed Housing Revenue 5.000%   9/1/29       1,000      1,060
  Maryland Community Development Administration Local or Guaranteed Housing Revenue 2.100%   9/1/41       9,000      6,313
  Maryland Community Development Administration Local or Guaranteed Housing Revenue 4.350%   2/1/44       7,335      7,223
  Maryland Community Development Administration Local or Guaranteed Housing Revenue 4.000%   9/1/49         915        918
  Maryland Community Development Administration Local or Guaranteed Housing Revenue 5.000%   9/1/52         865        891
  Maryland Department of Transportation Fuel Sales Tax Revenue 3.000%  10/1/29      15,900     15,610
  Maryland Department of Transportation Fuel Sales Tax Revenue 5.000%  10/1/29      26,890     27,732
  Maryland Department of Transportation Fuel Sales Tax Revenue 4.000%   5/1/30       3,000      3,072
  Maryland Department of Transportation Fuel Sales Tax Revenue 3.000%  10/1/30      31,000     30,310
  Maryland Department of Transportation Fuel Sales Tax Revenue 2.500%  10/1/33       5,000      4,493
  Maryland Department of Transportation Fuel Sales Tax Revenue 3.000%  10/1/35      17,260     16,102
  Maryland Economic Development Corp. Local or Guaranteed Housing Revenue 5.000%   6/1/33       1,880      1,958
  Maryland Economic Development Corp. Local or Guaranteed Housing Revenue 5.000%   6/1/36       1,100      1,130
  Maryland Economic Development Corp. Local or Guaranteed Housing Revenue 5.000%   6/1/37         600        615
  Maryland Economic Development Corp. Local or Guaranteed Housing Revenue 5.000%   6/1/38         500        512
  Maryland Economic Development Corp. Local or Guaranteed Housing Revenue 5.000%   6/1/39         500        508
  Maryland Economic Development Corp. Local or Guaranteed Housing Revenue (Morgan State University Project) 5.625%   7/1/43       2,500      2,708
  Maryland Economic Development Corp. Local or Guaranteed Housing Revenue (Prg - Towson Place Properties LLC Project) 5.000%   6/1/28         300        309
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Maryland Economic Development Corp. Local or Guaranteed Housing Revenue (Prg - Towson Place Properties LLC Project) 5.000%   6/1/29         300        310
  Maryland Economic Development Corp. Local or Guaranteed Housing Revenue (Prg - Towson Place Properties LLC Project) 5.000%   6/1/30         300        311
  Maryland Economic Development Corp. Local or Guaranteed Housing Revenue (Prg - Towson Place Properties LLC Project) 5.000%   6/1/31         565        588
  Maryland Economic Development Corp. Port, Airport & Marina Revenue (Transportation Facilities Project) 5.000%   6/1/26       2,000      2,039
  Maryland Economic Development Corp. Port, Airport & Marina Revenue (Transportation Facilities Project) 5.000%   6/1/27       1,350      1,393
  Maryland Economic Development Corp. Port, Airport & Marina Revenue (Transportation Facilities Project) 5.000%   6/1/28       2,000      2,088
  Maryland Economic Development Corp. Port, Airport & Marina Revenue (Transportation Facilities Project) 5.000%   6/1/29       1,850      1,929
  Maryland Economic Development Corp. Port, Airport & Marina Revenue (Transportation Facilities Project) 5.000%   6/1/30       1,250      1,302
  Maryland Economic Development Corp. Tax Allocation Revenue (Port Convington Project) 3.250%   9/1/30       1,035      1,002
  Maryland GO 5.000%   8/1/26      39,710     41,059
  Maryland GO 5.000%   8/1/26      20,000     20,680
  Maryland GO 5.000%   8/1/27       8,165      8,619
  Maryland GO 5.000%   6/1/28      10,000     10,724
  Maryland GO 5.000%   8/1/28       4,500      4,736
  Maryland GO 3.250%   8/1/30       9,000      8,970
  Maryland GO 5.000%   6/1/31       3,565      4,017
  Maryland GO 3.500%  3/15/32      10,000      9,973
  Maryland GO 5.000%  3/15/37      25,000     28,243
  Maryland Health & Higher Educational Facilities Authority College & University Revenue 5.250%   6/1/42       2,035      2,115
  Maryland Health & Higher Educational Facilities Authority College & University Revenue 5.250%   6/1/43       2,320      2,400
  Maryland Health & Higher Educational Facilities Authority College & University Revenue (Stevenson University Project) 5.000%   6/1/30         350        368
  Maryland Health & Higher Educational Facilities Authority College & University Revenue (Stevenson University Project) 5.000%   6/1/32         400        420
  Maryland Health & Higher Educational Facilities Authority College & University Revenue (Stevenson University Project) 4.000%   6/1/34         700        684
  Maryland Health & Higher Educational Facilities Authority College & University Revenue (Stevenson University Project) 4.000%   6/1/36         425        409
  Maryland Health & Higher Educational Facilities Authority College & University Revenue (Stevenson University Project) 4.000%   6/1/38         500        475
  Maryland Health & Higher Educational Facilities Authority College & University Revenue (Stevenson University Project) 4.000%   6/1/39         475        445
  Maryland Health & Higher Educational Facilities Authority College & University Revenue (Stevenson University Project) 4.000%   6/1/41       1,515      1,384
  Maryland Health & Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   1/1/26         210        212
  Maryland Health & Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   1/1/27         235        241
  Maryland Health & Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.500%   1/1/28       5,685      5,877
  Maryland Health & Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  4/15/28       1,420      1,509
  Maryland Health & Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/28         565        583
  Maryland Health & Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   1/1/29         160        168
  Maryland Health & Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.500%   1/1/29       2,250      2,322
  Maryland Health & Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  4/15/29       1,500      1,617
  Maryland Health & Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/29         425        437
  Maryland Health & Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   1/1/30         285        301
  Maryland Health & Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.500%   1/1/30       2,180      2,247
  Maryland Health & Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/30         850        874
  Maryland Health & Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  4/15/31       2,470      2,697
  Maryland Health & Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  4/15/32       1,950      2,119
  Maryland Health & Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/32       1,000      1,025
  Maryland Health & Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/32       6,650      6,659
  Maryland Health & Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%   7/1/33       1,000        994
  Maryland Health & Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/33       5,000      5,007
  Maryland Health & Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%   1/1/34       2,565      2,534
  Maryland Health & Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  4/15/34       1,835      1,979
  Maryland Health & Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/34       2,600      2,612
  Maryland Health & Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  4/15/35       2,500      2,686
  Maryland Health & Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   1/1/36       1,445      1,505
  Maryland Health & Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%  4/15/37       6,435      6,474
  Maryland Health & Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%   1/1/38         745        717
  Maryland Health & Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%  4/15/38       2,400      2,400
  Maryland Health & Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/38      13,830     14,009
  Maryland Health & Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%   1/1/39       5,970      5,659
  Maryland Health & Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%  4/15/39       3,540      3,500
  Maryland Health & Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%  4/15/40       3,180      3,127
  Maryland Health & Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%   7/1/40         870        832
  Maryland Health & Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%   7/1/40       3,115      3,075
  Maryland Health & Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue PUT 5.000%   7/1/27       4,665      4,821
6 Maryland Health & Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue PUT 5.000%   7/1/31       4,725      5,177
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
2,4 Maryland Health & Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue, SIFMA Municipal Swap Index Yield + 0.540% 2.790%   7/1/41      71,415     71,415
  Maryland Stadium Authority Appropriations Revenue 5.000%   3/1/27         460        480
  Maryland Stadium Authority Appropriations Revenue 5.000%   3/1/28       1,350      1,433
  Maryland Stadium Authority Appropriations Revenue 5.000%   3/1/29       1,510      1,628
  Maryland Stadium Authority Appropriations Revenue 5.000%   6/1/32       3,000      3,372
  Maryland Stadium Authority Appropriations Revenue 5.000%   6/1/33       2,000      2,275
  Maryland Stadium Authority Appropriations Revenue 5.000%   6/1/34       2,250      2,574
  Maryland Stadium Authority Appropriations Revenue 4.000%   6/1/35       2,285      2,341
  Maryland Stadium Authority Appropriations Revenue 4.000%   6/1/35       1,990      2,046
  Maryland Stadium Authority Appropriations Revenue 5.000%   6/1/35       2,635      3,000
  Maryland Stadium Authority Appropriations Revenue 4.000%   6/1/37       4,350      4,417
  Maryland Stadium Authority Appropriations Revenue 4.000%   6/1/37       1,010      1,028
  Maryland Stadium Authority Appropriations Revenue 4.000%   6/1/38       4,830      4,875
  Maryland Stadium Authority Appropriations Revenue 4.000%   6/1/39       3,500      3,503
  Maryland Stadium Authority Appropriations Revenue 4.000%   6/1/39       4,300      4,305
  Maryland Stadium Authority Appropriations Revenue 4.000%   6/1/40       3,185      3,163
  Maryland Stadium Authority Appropriations Revenue 5.000%   6/1/41       4,100      4,493
  Maryland Stadium Authority Appropriations Revenue 3.000%   6/1/42      11,455      9,497
  Maryland Stadium Authority Appropriations Revenue 5.000%   6/1/42       4,755      5,188
  Maryland Stadium Authority Appropriations Revenue 5.000%   6/1/43       5,360      5,821
  Maryland Stadium Authority Appropriations Revenue 5.000%   6/1/44       4,000      4,328
  Maryland Stadium Authority Appropriations Revenue 5.000%   6/1/45       7,000      7,518
  Maryland State Transportation Authority Highway Revenue 3.000%   7/1/32       5,595      5,430
  Maryland State Transportation Authority Highway Revenue 3.000%   7/1/33       3,500      3,368
  Maryland State Transportation Authority Highway Revenue 2.000%   7/1/34       9,000      7,489
  Maryland State Transportation Authority Highway Revenue 2.000%   7/1/35       8,000      6,539
  Maryland State Transportation Authority Highway Revenue 2.125%   7/1/36      10,000      8,128
  Maryland State Transportation Authority Highway Revenue 3.000%   7/1/37       7,975      7,230
  Maryland State Transportation Authority Highway Revenue 3.000%   7/1/38       2,250      2,007
  Maryland State Transportation Authority Highway Revenue 4.000%   7/1/38       2,280      2,317
  Maryland State Transportation Authority Highway Revenue 3.000%   7/1/40       4,750      4,098
  Maryland State Transportation Authority Highway Revenue (Transportation Facilities Projects) 5.000%   7/1/40       3,000      3,355
  Maryland State Transportation Authority Highway Revenue (Transportation Facilities Projects) 5.000%   7/1/41       5,000      5,546
  Maryland State Transportation Authority Highway Revenue (Transportation Facilities Projects) 5.000%   7/1/42       5,000      5,521
  Maryland State Transportation Authority Highway Revenue (Transportation Facilities Projects) 5.000%   7/1/43       1,500      1,649
  Montgomery County Housing Opportunities Commission Local or Guaranteed Housing Revenue 5.000%   1/1/43       1,410      1,527
  Montgomery County MD GO 3.000%  11/1/36      16,000     14,781
  Montgomery County MD GO 5.000%   8/1/37      10,100     11,262
  Montgomery County MD GO 4.000%   8/1/40      11,250     11,378
  Prince George's County MD COP 5.000%  10/1/43       4,500      4,662
  Prince George's County MD GO 5.000%  7/15/26      22,685     23,429
  Prince George's County MD GO 4.000%  7/15/30       7,500      7,715
  Prince George's County MD GO 4.000%  7/15/31       1,000      1,036
  Prince George's County MD GO 3.000%  7/15/33      14,000     13,390
  Prince George's County MD GO 5.000%   8/1/41       4,400      4,952
  Prince George's County MD Health, Hospital, Nursing Home Revenue 4.750%   4/1/27       4,060      4,066
  Prince George's County MD Health, Hospital, Nursing Home Revenue 5.000%   4/1/31       1,030      1,033
  Prince George's County MD Health, Hospital, Nursing Home Revenue 5.000%   4/1/32       3,185      3,191
  Rockville MD Health, Hospital, Nursing Home Revenue (Ingleside at King Farm Project) 5.000%  11/1/26         965        975
  Rockville MD Health, Hospital, Nursing Home Revenue (Ingleside at King Farm Project) 5.000%  11/1/26         770        778
  Rockville MD Health, Hospital, Nursing Home Revenue (Ingleside at King Farm Project) 5.000%  11/1/28       1,100      1,118
  Rockville MD Health, Hospital, Nursing Home Revenue (Ingleside at King Farm Project) 5.000%  11/1/29         500        508
  Rockville MD Health, Hospital, Nursing Home Revenue (Ingleside at King Farm Project) 5.000%  11/1/30         935        949
  Rockville MD Health, Hospital, Nursing Home Revenue (Ingleside at King Farm Project) 5.000%  11/1/32         535        542
  Rockville MD Health, Hospital, Nursing Home Revenue (Ingleside at King Farm Project) 5.000%  11/1/32         750        759
  Rockville MD Health, Hospital, Nursing Home Revenue (Ingleside at King Farm Project) 5.000%  11/1/35       1,000      1,008
  University System of Maryland College & University Revenue 4.000%   4/1/29       6,100      6,241
  University System of Maryland College & University Revenue 4.000%   4/1/30       6,345      6,493
  University System of Maryland College & University Revenue 4.000%   4/1/31       6,600      6,717
  University System of Maryland College & University Revenue 3.000%   4/1/32       5,360      5,247
  University System of Maryland College & University Revenue 3.125%   4/1/33       5,520      5,429
  Washington Suburban Sanitary Commission Water Revenue 5.000%  6/15/26       7,000      7,218
  Washington Suburban Sanitary Commission Water Revenue 4.000%  6/15/33      14,265     14,464
  Washington Suburban Sanitary Commission Water Revenue 5.000%   6/1/36       3,200      3,271
  Washington Suburban Sanitary Commission Water Revenue 4.000%   6/1/41      10,220     10,307
  Washington Suburban Sanitary Commission Water Revenue 4.000%   6/1/41       1,020      1,029
  Washington Suburban Sanitary Commission Water Revenue 4.000%   6/1/43      11,050     11,036
                                     895,015
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
Massachusetts (1.7%)
  Collegiate Charter School of Lowell Charter School Aid Revenue 5.000%  6/15/29         980        991
  Collegiate Charter School of Lowell Charter School Aid Revenue 5.000%  6/15/39       1,000      1,005
  Commonwealth of Massachusetts GO 5.000%  12/1/25      20,080     20,459
  Commonwealth of Massachusetts GO 5.000%  11/1/26      10,000     10,393
  Commonwealth of Massachusetts GO 5.000%   7/1/28      29,520     31,723
  Commonwealth of Massachusetts GO 5.000%   9/1/28       6,935      7,475
  Commonwealth of Massachusetts GO 5.000%  12/1/28       4,155      4,314
  Commonwealth of Massachusetts GO 5.000%   7/1/29      10,425     10,507
  Commonwealth of Massachusetts GO 5.000%   7/1/29       5,285      5,438
  Commonwealth of Massachusetts GO 5.000%   5/1/30       1,080      1,198
  Commonwealth of Massachusetts GO 5.000%   7/1/30       8,000      8,062
  Commonwealth of Massachusetts GO 5.000%  10/1/30      51,030     57,003
  Commonwealth of Massachusetts GO 5.000%  11/1/30      25,000     26,358
  Commonwealth of Massachusetts GO 5.000%  10/1/31      11,400     12,900
  Commonwealth of Massachusetts GO 5.250%   1/1/34      20,000     21,619
  Commonwealth of Massachusetts GO 5.000%   5/1/34       1,300      1,511
  Commonwealth of Massachusetts GO 3.000%   3/1/36       7,930      7,344
  Commonwealth of Massachusetts GO 5.000%   9/1/36      23,520     24,929
  Commonwealth of Massachusetts GO 5.000%  12/1/36       6,500      6,693
  Commonwealth of Massachusetts GO 2.000%   3/1/37       6,020      4,840
  Commonwealth of Massachusetts GO 5.000%   5/1/37       1,300      1,467
  Commonwealth of Massachusetts GO 5.000%   9/1/37      10,030     10,592
  Commonwealth of Massachusetts GO 5.000%  11/1/37      20,000     20,846
  Commonwealth of Massachusetts GO 5.000%   5/1/38       1,000      1,122
  Commonwealth of Massachusetts GO 5.000%   9/1/38      13,000     13,690
  Commonwealth of Massachusetts GO 3.000%  11/1/38       6,000      5,348
  Commonwealth of Massachusetts GO 5.000%   5/1/39       1,200      1,335
  Commonwealth of Massachusetts GO 3.000%   7/1/39       4,010      3,532
  Commonwealth of Massachusetts GO 3.000%  11/1/39       4,500      3,942
  Commonwealth of Massachusetts GO 2.000%   3/1/40       3,055      2,284
  Commonwealth of Massachusetts GO 5.000%   5/1/40       1,250      1,382
  Commonwealth of Massachusetts GO 5.000%   5/1/40       1,000      1,058
  Commonwealth of Massachusetts GO 3.000%  11/1/40      10,840      9,416
  Commonwealth of Massachusetts GO 5.000%   1/1/41       4,750      5,256
  Commonwealth of Massachusetts GO 2.000%   3/1/41       8,280      6,044
  Commonwealth of Massachusetts GO 5.000%   3/1/41       7,840      8,689
  Commonwealth of Massachusetts GO 5.000%   5/1/41       2,500      2,749
  Commonwealth of Massachusetts GO 5.000%   5/1/41      10,000     10,549
  Commonwealth of Massachusetts GO 5.000%   5/1/41       1,800      1,998
  Commonwealth of Massachusetts GO 3.000%  11/1/41       2,550      2,176
  Commonwealth of Massachusetts GO 5.000%   1/1/42       6,190      6,801
  Commonwealth of Massachusetts GO 2.000%   3/1/42       8,815      6,289
  Commonwealth of Massachusetts GO 5.000%   5/1/42       5,390      5,888
  Commonwealth of Massachusetts GO 5.000%   5/1/42       3,000      3,305
  Commonwealth of Massachusetts GO 5.000%   3/1/43      10,850     11,867
  Commonwealth of Massachusetts GO 5.000%   5/1/43       1,185      1,287
  Commonwealth of Massachusetts GO 5.000%   5/1/43       2,000      2,173
  Commonwealth of Massachusetts GO 5.000%   5/1/43       5,000      5,476
  Commonwealth of Massachusetts GO 5.250%   9/1/43      18,000     18,913
  Commonwealth of Massachusetts GO 5.000%  11/1/43      21,825     23,610
  Commonwealth of Massachusetts GO 5.000%  11/1/43       7,000      7,666
  Commonwealth of Massachusetts GO 5.000%   3/1/44       8,560      9,307
  Commonwealth of Massachusetts GO 5.000%   5/1/44       2,500      2,721
  Commonwealth of Massachusetts GO 5.000%  11/1/44       2,500      2,721
  Commonwealth of Massachusetts GO 5.000%   5/1/45       4,000      4,325
  Commonwealth of Massachusetts GO 5.000%   7/1/45      19,050     20,024
  Commonwealth of Massachusetts GO 5.000%   5/1/47       5,355      5,744
4 Commonwealth of Massachusetts GO TOB VRDO 2.050%   2/3/25       9,495      9,495
10 Commonwealth of Massachusetts Special Obligation Revenue 5.500%   1/1/26      29,860     30,633
10 Commonwealth of Massachusetts Special Obligation Revenue 5.500%   1/1/28      11,075     11,891
  Commonwealth of Massachusetts Transportation Fund Fuel Sales Tax Revenue 4.000%   6/1/35       7,500      7,612
  Commonwealth of Massachusetts Transportation Fund Fuel Sales Tax Revenue 4.000%   6/1/38      10,000     10,063
  Commonwealth of Massachusetts Transportation Fund Fuel Sales Tax Revenue (Rail Enhancement Program) 5.000%   6/1/40         620        622
  Commonwealth of Massachusetts Transportation Fund Fuel Sales Tax Revenue (Rail Enhancement Project) 5.000%   6/1/35       8,450      8,945
4 Commonwealth of Massachusetts Transportation Fund Fuel Sales Tax Revenue TOB VRDO 1.920%   2/3/25       4,000      4,000
  Lowell MA GO 4.000%   8/1/37       1,695      1,751
  Lowell MA GO 3.000%   9/1/37       2,400      2,184
  Lowell MA GO 4.000%   8/1/38       1,410      1,450
  Lowell MA GO 3.000%   9/1/38       2,490      2,232
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Lowell MA GO 3.000%   9/1/39       2,000      1,760
  Lowell MA GO 4.000%   8/1/41       2,000      2,024
  Lynn MA GO 3.000%   9/1/45       3,060      2,502
  Marblehead MA GO 2.000%  7/15/41       1,255        905
  Massachusetts Bay Transportation Authority Sales Tax Revenue 5.000%   7/1/25         235        237
  Massachusetts Bay Transportation Authority Sales Tax Revenue 5.000%   7/1/25         255        257
  Massachusetts Bay Transportation Authority Sales Tax Revenue 5.000%   7/1/32       5,500      6,305
  Massachusetts Bay Transportation Authority Sales Tax Revenue 5.000%   7/1/33      14,375     16,669
  Massachusetts Bay Transportation Authority Sales Tax Revenue 5.000%   7/1/34       2,100      2,290
  Massachusetts Bay Transportation Authority Sales Tax Revenue 5.000%   7/1/34       8,000      9,373
  Massachusetts Bay Transportation Authority Sales Tax Revenue 5.000%   7/1/35      15,515     18,307
  Massachusetts Bay Transportation Authority Sales Tax Revenue 5.000%   7/1/36       2,730      2,878
  Massachusetts Bay Transportation Authority Sales Tax Revenue 5.000%   7/1/36         700        798
  Massachusetts Bay Transportation Authority Sales Tax Revenue 5.000%   7/1/36       9,890     11,692
  Massachusetts Bay Transportation Authority Sales Tax Revenue 5.000%   7/1/37       3,675      3,813
  Massachusetts Bay Transportation Authority Sales Tax Revenue 5.000%   7/1/37       5,015      5,203
  Massachusetts Bay Transportation Authority Sales Tax Revenue 5.000%   7/1/37       5,795      6,097
  Massachusetts Bay Transportation Authority Sales Tax Revenue 5.000%   7/1/37         820        931
  Massachusetts Bay Transportation Authority Sales Tax Revenue 5.000%   7/1/37         800        908
  Massachusetts Bay Transportation Authority Sales Tax Revenue 5.000%   7/1/38       5,020      5,199
  Massachusetts Bay Transportation Authority Sales Tax Revenue 5.000%   7/1/38       5,000      5,248
  Massachusetts Bay Transportation Authority Sales Tax Revenue 5.000%   7/1/38         650        734
  Massachusetts Bay Transportation Authority Sales Tax Revenue 5.000%   7/1/38         600        677
  Massachusetts Bay Transportation Authority Sales Tax Revenue 5.000%   7/1/39       5,000      5,166
  Massachusetts Bay Transportation Authority Sales Tax Revenue 5.000%   7/1/39       8,760      9,165
  Massachusetts Bay Transportation Authority Sales Tax Revenue 5.000%   7/1/39       1,500      1,682
  Massachusetts Bay Transportation Authority Sales Tax Revenue 4.000%   7/1/40       3,250      3,292
  Massachusetts Bay Transportation Authority Sales Tax Revenue 5.000%   7/1/42       5,265      5,854
  Massachusetts Bay Transportation Authority Sales Tax Revenue 5.000%   7/1/43       3,685      4,066
  Massachusetts Bay Transportation Authority Sales Tax Revenue 5.000%   7/1/44       8,140      8,927
  Massachusetts Bay Transportation Authority Sales Tax Revenue 5.000%   7/1/45       9,000      9,811
  Massachusetts Bay Transportation Authority Sales Tax Revenue 5.000%   7/1/46       7,000      7,577
  Massachusetts Bay Transportation Authority Sales Tax Revenue 5.000%   7/1/47       4,750      5,120
  Massachusetts Clean Water Trust Water Revenue 5.000%   2/1/26       3,000      3,068
  Massachusetts Clean Water Trust Water Revenue 5.000%   2/1/27       1,565      1,635
  Massachusetts Clean Water Trust Water Revenue 5.000%   2/1/37         325        367
  Massachusetts Clean Water Trust Water Revenue 5.000%   2/1/38         300        337
  Massachusetts Clean Water Trust Water Revenue 5.000%   2/1/40         550        610
  Massachusetts Clean Water Trust Water Revenue 5.000%   2/1/42         700        766
  Massachusetts Development Finance Agency College & University Revenue 5.000%   7/1/25          65         65
  Massachusetts Development Finance Agency College & University Revenue 5.000%  10/1/25         800        804
  Massachusetts Development Finance Agency College & University Revenue 5.000%   7/1/26         170        173
  Massachusetts Development Finance Agency College & University Revenue 5.000%   7/1/27         180        185
  Massachusetts Development Finance Agency College & University Revenue 5.000%   7/1/28         180        187
  Massachusetts Development Finance Agency College & University Revenue 5.000%   9/1/28       1,325      1,363
  Massachusetts Development Finance Agency College & University Revenue 5.000%   7/1/29       1,275      1,295
  Massachusetts Development Finance Agency College & University Revenue 5.000%   7/1/29         190        199
  Massachusetts Development Finance Agency College & University Revenue 5.000%   7/1/30         195        205
  Massachusetts Development Finance Agency College & University Revenue 5.000%   9/1/30       1,460      1,497
  Massachusetts Development Finance Agency College & University Revenue 5.000%   1/1/31         200        214
  Massachusetts Development Finance Agency College & University Revenue 5.000%   7/1/31         415        439
  Massachusetts Development Finance Agency College & University Revenue 5.000%   7/1/31       1,580      1,606
  Massachusetts Development Finance Agency College & University Revenue 5.000%  10/1/31       3,000      3,040
  Massachusetts Development Finance Agency College & University Revenue 5.000%   1/1/32       2,000      2,057
  Massachusetts Development Finance Agency College & University Revenue 5.000%   1/1/32         250        269
  Massachusetts Development Finance Agency College & University Revenue 5.000%   7/1/32         430        455
  Massachusetts Development Finance Agency College & University Revenue 5.000%   7/1/32         775        790
  Massachusetts Development Finance Agency College & University Revenue 5.000%   1/1/33         500        540
  Massachusetts Development Finance Agency College & University Revenue 5.000%   7/1/33         870        882
  Massachusetts Development Finance Agency College & University Revenue 5.000%   7/1/33         515        526
  Massachusetts Development Finance Agency College & University Revenue 5.000%   7/1/33         775        788
  Massachusetts Development Finance Agency College & University Revenue 5.000%  10/1/33       1,285      1,299
  Massachusetts Development Finance Agency College & University Revenue 5.000%  10/1/33       3,175      3,207
  Massachusetts Development Finance Agency College & University Revenue 5.000%   7/1/34       1,100      1,114
  Massachusetts Development Finance Agency College & University Revenue 5.000%  10/1/34       1,525      1,536
  Massachusetts Development Finance Agency College & University Revenue 5.000%   1/1/35         410        447
  Massachusetts Development Finance Agency College & University Revenue 4.000%   6/1/35       1,900      1,649
  Massachusetts Development Finance Agency College & University Revenue 5.000%   1/1/36       2,145      2,188
  Massachusetts Development Finance Agency College & University Revenue 5.000%   1/1/36         500        543
  Massachusetts Development Finance Agency College & University Revenue 4.000%  2/15/36      20,000     21,744
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Massachusetts Development Finance Agency College & University Revenue 5.250%  10/1/36       1,000      1,021
  Massachusetts Development Finance Agency College & University Revenue 5.000%   1/1/37         600        650
  Massachusetts Development Finance Agency College & University Revenue 5.250%  10/1/37         945        961
  Massachusetts Development Finance Agency College & University Revenue 5.250%   1/1/38         610        671
  Massachusetts Development Finance Agency College & University Revenue 5.250%  10/1/38         550        556
  Massachusetts Development Finance Agency College & University Revenue 5.250%   1/1/39         770        842
  Massachusetts Development Finance Agency College & University Revenue 4.000%   7/1/39       2,250      1,977
  Massachusetts Development Finance Agency College & University Revenue 5.250%  10/1/39         580        583
  Massachusetts Development Finance Agency College & University Revenue 5.250%   1/1/40         535        583
  Massachusetts Development Finance Agency College & University Revenue 5.000%  7/15/40      16,000     19,033
  Massachusetts Development Finance Agency College & University Revenue 5.250%   1/1/42         450        484
  Massachusetts Development Finance Agency College & University Revenue 5.000%   7/1/42       1,000      1,018
  Massachusetts Development Finance Agency College & University Revenue 5.000%  10/1/43       1,075      1,024
  Massachusetts Development Finance Agency College & University Revenue 5.000%  10/1/45       3,500      3,279
  Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 5.000%   7/1/25       1,015      1,022
  Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 5.000%   9/1/25       2,770      2,781
  Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 5.000%   7/1/26       1,000      1,025
4 Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 4.000%  10/1/26         500        498
4 Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 4.000%  10/1/27       1,310      1,303
  Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 5.000%   7/1/28       8,020      8,516
  Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 5.000%   7/1/28       5,010      5,123
4 Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 5.000% 11/15/28       1,230      1,279
  Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 5.000%   7/1/29       3,300      3,488
  Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 5.000%   7/1/29         175        186
3 Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 5.000%  10/1/29         530        571
4 Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 4.750%  12/1/29         900        901
  Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 5.000%   7/1/30         200        215
3 Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 5.000%  10/1/30         650        709
  Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 5.000%   7/1/31       1,365      1,438
  Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 5.000%   7/1/32       3,760      3,821
  Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 5.000%   7/1/32       1,650      1,779
  Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 5.000%   7/1/32         310        337
  Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 5.000%   7/1/32      32,680     36,668
  Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 5.000%   9/1/32      17,575     17,674
3 Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 5.000%  10/1/32         475        513
  Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 5.000%   7/1/33       1,660      1,735
  Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 5.000%   7/1/33       1,360      1,461
  Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 5.000%   7/1/33         325        351
3 Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 5.000%  10/1/33         575        617
4 Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 5.000% 11/15/33       3,000      3,113
  Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 5.000%   7/1/34       3,490      3,539
  Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 5.000%   7/1/34       4,355      4,540
  Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 5.000%   7/1/34       1,000      1,071
  Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 5.000%   7/1/34         295        318
  Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 5.000%   7/1/34       5,710      5,817
  Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 5.000%   7/1/34      27,335     30,789
3 Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 5.000%  10/1/34         600        638
  Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 5.000%   7/1/35       1,835      1,908
  Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 5.000%   7/1/35       5,500      5,718
  Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 5.000%   7/1/35       1,250      1,334
  Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 5.000%   7/1/35         205        220
6 Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 5.000%   7/1/35       6,370      7,150
  Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 5.000%  12/1/35       5,240      5,378
  Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 5.000%   7/1/36       5,000      5,185
  Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 5.000%   7/1/36       1,020      1,084
  Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 5.000%   7/1/37       5,700      5,893
  Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 5.000%   7/1/37       1,000      1,011
4 Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 5.000%  10/1/37       4,555      4,607
  Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 5.000%   7/1/38       5,000      5,154
  Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 5.000%   7/1/38       1,120      1,141
  Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 5.000%   7/1/38       1,200      1,212
  Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 5.000%   7/1/38         260        276
  Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 5.000%   7/1/39         270        286
  Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 5.000%   7/1/42       1,900      1,715
  Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 5.000%   7/1/42       2,030      2,220
  Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 5.000%   7/1/43       2,160      2,352
4 Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue, ETM 5.000%  7/15/28         345        369
4 Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue, ETM 5.000%  7/15/29         645        701
4 Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue, ETM 5.000%  7/15/30         675        745
  Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue, Prere. 5.000%   6/1/29       2,500      2,722
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
4 Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue, Prere. 5.000%  7/15/30       1,375      1,518
4 Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue, Prere. 5.000%  7/15/30         815        900
4 Massachusetts Development Finance Agency Local or Guaranteed Housing Revenue (Merrimack College Student Housing Project) 4.250%   7/1/34         500        500
4 Massachusetts Development Finance Agency Local or Guaranteed Housing Revenue (Merrimack College Student Housing Project) 5.000%   7/1/44         710        723
  Massachusetts Development Finance Agency Local or Guaranteed Housing Revenue (Umass Boston Student Housing Program) 5.000%  10/1/28       1,255      1,267
  Massachusetts Development Finance Agency Local or Guaranteed Housing Revenue (Umass Boston Student Housing Program) 5.000%  10/1/29       2,365      2,390
  Massachusetts Development Finance Agency Local or Guaranteed Housing Revenue (Umass Boston Student Housing Program) 5.000%  10/1/30       2,485      2,510
  Massachusetts Development Finance Agency Local or Guaranteed Housing Revenue (Umass Boston Student Housing Program) 5.000%  10/1/32       2,000      2,012
  Massachusetts Development Finance Agency Local or Guaranteed Housing Revenue (Umass Boston Student Housing Program) 5.000%  10/1/33       1,955      1,964
  Massachusetts Development Finance Agency Local or Guaranteed Housing Revenue (Umass Boston Student Housing Program) 5.000%  10/1/38       5,000      4,981
15 Massachusetts Development Finance Agency Local or Guaranteed Housing Revenue PUT 5.000%  11/1/25       7,000      7,091
  Massachusetts Development Finance Agency Private Schools Revenue 5.000%   9/1/35         185        215
  Massachusetts Development Finance Agency Private Schools Revenue 5.000%   9/1/36         250        288
  Massachusetts Development Finance Agency Private Schools Revenue 5.000%   9/1/38         700        798
  Massachusetts Development Finance Agency Private Schools Revenue 5.000%   9/1/39         360        408
  Massachusetts Development Finance Agency Private Schools Revenue 5.000%   9/1/40         975      1,102
  Massachusetts Development Finance Agency Private Schools Revenue 5.000%   9/1/42         775        866
  Massachusetts Development Finance Agency Private Schools Revenue 5.000%   9/1/43         475        527
  Massachusetts Health & Educational Facilities Authority College & University Revenue 5.500%   6/1/30       5,000      5,565
  Massachusetts Housing Finance Agency Local or Guaranteed Housing Revenue 4.000%  12/1/27       5,770      5,796
  Massachusetts Housing Finance Agency Local or Guaranteed Housing Revenue 4.050%  12/1/28      12,060     12,254
  Massachusetts Housing Finance Agency Local or Guaranteed Housing Revenue 3.500%   6/1/29       3,005      2,995
  Massachusetts Housing Finance Agency Local or Guaranteed Housing Revenue 3.550%  12/1/29       7,740      7,696
  Massachusetts Housing Finance Agency Local or Guaranteed Housing Revenue 3.000%  12/1/50       2,385      2,342
  Massachusetts Port Authority Port, Airport & Marina Revenue 5.000%   7/1/33       4,005      4,010
  Massachusetts Port Authority Port, Airport & Marina Revenue 5.000%   7/1/34       1,470      1,472
  Massachusetts Port Authority Port, Airport & Marina Revenue 5.000%   7/1/35       2,500      2,503
  Massachusetts Port Authority Port, Airport & Marina Revenue 5.000%   7/1/36       3,905      4,180
  Massachusetts Port Authority Port, Airport & Marina Revenue 5.000%   7/1/37       4,770      5,092
  Massachusetts Port Authority Port, Airport & Marina Revenue 5.000%   7/1/38       2,860      3,044
  Massachusetts Port Authority Port, Airport & Marina Revenue 5.000%   7/1/39       2,560      2,714
  Massachusetts Port Authority Port, Airport & Marina Revenue 5.000%   7/1/44       5,000      5,225
  Massachusetts School Building Authority Sales Tax Revenue 4.750%  8/15/32      28,685     28,843
  Massachusetts School Building Authority Sales Tax Revenue 5.000% 11/15/33      20,255     20,916
  Massachusetts School Building Authority Sales Tax Revenue 5.000% 11/15/34       9,580      9,881
  Massachusetts School Building Authority Sales Tax Revenue 5.000%  8/15/37      40,000     40,320
  Massachusetts School Building Authority Sales Tax Revenue 5.000% 11/15/39      10,645     10,900
  Massachusetts School Building Authority Sales Tax Revenue, Prere. 5.000%  8/15/25      14,175     14,347
  Massachusetts State College Building Authority College & University Revenue 4.000%   5/1/34       3,715      3,796
  Massachusetts State College Building Authority College & University Revenue 4.000%   5/1/35       3,865      3,936
  Massachusetts State College Building Authority College & University Revenue 2.000%   5/1/39       1,145        849
  Massachusetts Transportation Trust Fund Metropolitan Highway System Highway Revenue VRDO 2.150%   2/6/25      36,050     36,050
  Massachusetts Water Resources Authority Water Revenue 5.000%   8/1/27       5,000      5,283
  University of Massachusetts Building Authority College & University Revenue 5.000%   5/1/34       1,540      1,654
  University of Massachusetts Building Authority College & University Revenue 5.000%   5/1/38       1,000      1,058
3 Worcester MA GO 4.000%  2/15/38       1,350      1,383
3 Worcester MA GO 4.000%  2/15/39       1,805      1,838
3 Worcester MA GO 4.000%  2/15/41       2,460      2,470
  Worcester MA GO 4.000%  2/15/44       3,680      3,651
                                   1,347,810
Michigan (2.4%)
17 Allegan Public School District GO 5.000%   5/1/39       1,075      1,157
17 Allegan Public School District GO 5.000%   5/1/41       2,330      2,480
17 Allegan Public School District GO 5.000%   5/1/42       2,435      2,580
17 Allegan Public School District GO 5.000%   5/1/43       1,270      1,342
17 Alpena MI Public Schools GO 4.375%   5/1/47       1,000        994
  Ann Arbor School District GO 5.000%   5/1/38       1,000      1,093
17 Battle Creek MI School District GO 5.000%   5/1/32       2,920      2,995
17 Battle Creek MI School District GO 5.000%   5/1/33       1,500      1,538
17 Battle Creek MI School District GO 5.000%   5/1/34       3,065      3,140
17 Berkley School District GO 5.000%   5/1/40         450        496
17 Berkley School District GO 5.000%   5/1/41         775        845
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
17 Berkley School District GO 5.000%   5/1/42       1,050      1,138
17 Berkley School District GO 5.000%   5/1/43       1,470      1,584
17 Berkley School District GO 5.000%   5/1/44       3,020      3,239
  Bloomfield Hills School District GO 5.000%   5/1/40       1,100      1,189
  Bloomfield Hills School District GO 5.000%   5/1/42         550        589
  Bloomfield Hills School District GO 5.000%   5/1/43         500        534
17 Chippewa Valley Schools GO 5.000%   5/1/25         755        759
17 Chippewa Valley Schools GO 5.000%   5/1/32       1,005      1,018
17 Chippewa Valley Schools GO 5.000%   5/1/33       1,725      1,847
17 Chippewa Valley Schools GO 5.000%   5/1/34       2,850      3,030
17 Chippewa Valley Schools GO 5.000%   5/1/34       1,080      1,092
17 Chippewa Valley Schools GO 5.000%   5/1/35       2,850      3,013
17 Chippewa Valley Schools GO 5.000%   5/1/35         800        809
17 Chippewa Valley Schools GO 5.000%   5/1/36       3,325      3,501
17 Chippewa Valley Schools GO 5.000%   5/1/37       3,475      3,642
3,17 Detroit City School District GO 5.250%   5/1/27       1,210      1,271
  Detroit Downtown Development Authority Tax Increment/Allocation Revenue (Catalyst Development Project) 5.000%   7/1/32       3,250      3,582
  Detroit Downtown Development Authority Tax Increment/Allocation Revenue (Catalyst Development Project) 5.000%   7/1/34       3,000      3,348
  Detroit Downtown Development Authority Tax Increment/Allocation Revenue (Catalyst Development Project) 5.000%   7/1/41       3,250      3,491
  Detroit Downtown Development Authority Tax Increment/Allocation Revenue (Catalyst Development Project) 5.000%   7/1/42       2,000      2,139
  Detroit MI GO 5.000%   4/1/32         800        863
  Detroit MI GO 5.000%   4/1/33       1,525      1,637
  Detroit MI GO 5.000%   4/1/34         400        427
  Detroit MI GO 5.000%   4/1/36       1,800      1,905
  Detroit MI GO 5.000%   4/1/36       2,750      2,831
  Detroit MI GO 5.500%   4/1/36         435        469
  Detroit MI GO 5.000%   4/1/37       1,000      1,055
  Detroit MI GO 5.000%   4/1/39       1,900      1,984
  Detroit MI GO 5.500%   4/1/40         680        722
  Detroit MI GO 6.000%   5/1/43         475        530
  Detroit Regional Convention Facility Authority Appropriations Revenue 5.000%  10/1/32       2,000      2,219
  Detroit Regional Convention Facility Authority Appropriations Revenue 5.000%  10/1/33       2,000      2,233
  Detroit Regional Convention Facility Authority Appropriations Revenue 5.000%  10/1/34       1,750      1,952
  Detroit Regional Convention Facility Authority Appropriations Revenue 5.000%  10/1/35       2,000      2,224
  Detroit Regional Convention Facility Authority Appropriations Revenue 5.000%  10/1/36       1,000      1,108
  Detroit Regional Convention Facility Authority Appropriations Revenue 5.000%  10/1/37       1,800      1,986
  Detroit Regional Convention Facility Authority Appropriations Revenue 5.000%  10/1/38       2,000      2,203
  Detroit Regional Convention Facility Authority Appropriations Revenue 5.000%  10/1/39       1,500      1,649
3 Downriver Utility Wastewater Authority Sewer Revenue 5.000%   4/1/26       1,130      1,154
3 Downriver Utility Wastewater Authority Sewer Revenue 5.000%   4/1/28       1,000      1,058
3 Downriver Utility Wastewater Authority Sewer Revenue 5.000%   4/1/30       1,895      2,003
3 Downriver Utility Wastewater Authority Sewer Revenue 5.000%   4/1/32       2,315      2,436
3 Downriver Utility Wastewater Authority Sewer Revenue 5.000%   4/1/35       1,310      1,370
3 Downriver Utility Wastewater Authority Sewer Revenue 5.000%   4/1/37       1,610      1,676
17 East Lansing School District GO 5.000%   5/1/28         695        726
17 East Lansing School District GO 5.000%   5/1/29         500        522
17 East Lansing School District GO 5.000%   5/1/30         615        643
17 East Lansing School District GO 5.000%   5/1/31       1,955      2,041
17 East Lansing School District GO 5.000%   5/1/33         755        785
17 East Lansing School District GO 5.000%   5/1/34       1,540      1,599
17 East Lansing School District GO 5.000%   5/1/36       1,125      1,165
1 Eastern Michigan University College & University Revenue 5.000%   3/1/26       1,510      1,541
1 Eastern Michigan University College & University Revenue 5.000%   3/1/30       1,250      1,289
1 Eastern Michigan University College & University Revenue 5.000%   3/1/31       2,900      2,986
3,17 Fenton Area Public Schools GO 4.000%   5/1/42       2,320      2,289
3,17 Fenton Area Public Schools GO 4.000%   5/1/43       2,410      2,344
3,17 Fenton Area Public Schools GO 4.000%   5/1/45       2,580      2,471
17 Galesburg-Augusta Community Schools GO 3.000%   5/1/39       1,000        880
  Grand Rapids MI GO 5.000%   4/1/41         590        644
  Grand Rapids MI GO 5.000%   4/1/42       1,560      1,692
  Grand Rapids MI GO 5.000%   4/1/43       1,090      1,176
  Grand Rapids MI GO 5.000%   4/1/44         855        920
3 Grand Rapids Public Schools GO 5.000%   5/1/26       3,105      3,183
3 Grand Rapids Public Schools GO 5.000%   5/1/39         750        836
3 Grand Rapids Public Schools GO 5.000%   5/1/40       1,050      1,161
3 Grand Rapids Public Schools GO 5.000%   5/1/41       1,200      1,309
3 Grand Rapids Public Schools GO 5.000%   5/1/42       1,225      1,329
3 Grand Rapids Public Schools GO 5.000%   5/1/43       1,700      1,836
3 Grand Rapids Public Schools GO 5.000%   5/1/44       1,450      1,558
  Great Lakes Water Authority Sewage Disposal System Sewer Revenue 5.000%   7/1/26       1,750      1,805
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Great Lakes Water Authority Sewage Disposal System Sewer Revenue 5.000%   7/1/26       3,070      3,167
  Great Lakes Water Authority Sewage Disposal System Sewer Revenue 5.000%   7/1/27       9,305      9,772
  Great Lakes Water Authority Sewage Disposal System Sewer Revenue 5.000%   7/1/28      23,065     24,655
  Great Lakes Water Authority Sewage Disposal System Sewer Revenue 5.000%   7/1/34       2,585      2,733
  Great Lakes Water Authority Sewage Disposal System Sewer Revenue 5.000%   7/1/35       2,720      2,870
  Great Lakes Water Authority Sewage Disposal System Sewer Revenue 5.000%   7/1/36       2,350      2,475
  Great Lakes Water Authority Sewage Disposal System Sewer Revenue 5.000%   7/1/37       1,495      1,570
  Great Lakes Water Authority Sewage Disposal System Sewer Revenue 5.000%   7/1/37       3,240      3,585
  Great Lakes Water Authority Sewage Disposal System Sewer Revenue 5.000%   7/1/37       4,465      5,054
  Great Lakes Water Authority Sewage Disposal System Sewer Revenue 5.000%   7/1/38       2,645      2,769
  Great Lakes Water Authority Sewage Disposal System Sewer Revenue 5.000%   7/1/38       1,400      1,540
  Great Lakes Water Authority Sewage Disposal System Sewer Revenue 5.000%   7/1/38       5,660      6,370
  Great Lakes Water Authority Sewage Disposal System Sewer Revenue 5.250%   7/1/39       4,275      4,747
  Great Lakes Water Authority Sewage Disposal System Sewer Revenue 5.000%   7/1/40       1,100      1,223
  Great Lakes Water Authority Sewage Disposal System Sewer Revenue 5.000%   7/1/40       1,000      1,112
  Great Lakes Water Authority Sewage Disposal System Sewer Revenue 5.250%   7/1/40       8,565      9,483
  Great Lakes Water Authority Sewage Disposal System Sewer Revenue 5.000%   7/1/41       1,145      1,264
  Great Lakes Water Authority Sewage Disposal System Sewer Revenue 5.250%   7/1/41       7,000      7,713
  Great Lakes Water Authority Sewage Disposal System Sewer Revenue 5.000%   7/1/42       1,200      1,316
  Great Lakes Water Authority Sewage Disposal System Sewer Revenue 5.000%   7/1/43       1,025      1,116
4 Great Lakes Water Authority Sewage Disposal System Sewer Revenue TOB VRDO 2.350%   2/6/25       8,475      8,475
  Great Lakes Water Authority Sewage Disposal System Water Revenue 5.000%   7/1/30      17,025     17,460
3 Great Lakes Water Authority Sewage Disposal System Water Revenue 4.000%   7/1/33       4,750      4,793
  Great Lakes Water Authority Sewage Disposal System Water Revenue 5.000%   7/1/35      34,580     35,294
  Great Lakes Water Authority Sewage Disposal System Water Revenue 5.000%   7/1/36      64,250     65,513
4 Great Lakes Water Authority Water Revenue TOB VRDO 2.050%   2/3/25      16,680     16,680
  Great Lakes Water Authority Water Supply System Water Revenue 5.000%   7/1/26       4,545      4,674
  Great Lakes Water Authority Water Supply System Water Revenue 5.000%   7/1/26         920        946
  Great Lakes Water Authority Water Supply System Water Revenue 5.000%   7/1/27       5,035      5,284
  Great Lakes Water Authority Water Supply System Water Revenue 5.000%   7/1/27         975      1,023
  Great Lakes Water Authority Water Supply System Water Revenue 5.000%   7/1/28      14,000     14,372
  Great Lakes Water Authority Water Supply System Water Revenue 5.000%   7/1/28       6,500      6,939
  Great Lakes Water Authority Water Supply System Water Revenue 5.000%   7/1/29      14,000     15,163
  Great Lakes Water Authority Water Supply System Water Revenue 5.000%   7/1/29       1,080      1,170
  Great Lakes Water Authority Water Supply System Water Revenue 5.000%   7/1/30       5,480      5,620
  Great Lakes Water Authority Water Supply System Water Revenue 5.000%   7/1/31       9,210      9,436
  Great Lakes Water Authority Water Supply System Water Revenue 5.000%   7/1/32         835        917
3 Great Lakes Water Authority Water Supply System Water Revenue 4.000%   7/1/33      13,380     13,503
  Great Lakes Water Authority Water Supply System Water Revenue 5.000%   7/1/34         750        816
  Great Lakes Water Authority Water Supply System Water Revenue 5.000%   7/1/34       1,375      1,498
  Great Lakes Water Authority Water Supply System Water Revenue 5.000%   7/1/35       4,000      4,074
  Great Lakes Water Authority Water Supply System Water Revenue 5.000%   7/1/35         930      1,009
  Great Lakes Water Authority Water Supply System Water Revenue 5.000%   7/1/35       1,440      1,560
  Great Lakes Water Authority Water Supply System Water Revenue 5.000%   7/1/35       3,145      3,507
  Great Lakes Water Authority Water Supply System Water Revenue 5.000%   7/1/35       6,320      7,044
  Great Lakes Water Authority Water Supply System Water Revenue 5.000%   7/1/36       2,000      2,039
  Great Lakes Water Authority Water Supply System Water Revenue 5.000%   7/1/36       1,515      1,631
  Great Lakes Water Authority Water Supply System Water Revenue 5.000%   7/1/37         750        809
  Great Lakes Water Authority Water Supply System Water Revenue 5.000%   7/1/37       1,595      1,708
  Great Lakes Water Authority Water Supply System Water Revenue 5.000%   7/1/37       1,500      1,698
  Great Lakes Water Authority Water Supply System Water Revenue 5.000%   7/1/38       1,000      1,073
  Great Lakes Water Authority Water Supply System Water Revenue 5.000%   7/1/38       1,670      1,781
  Great Lakes Water Authority Water Supply System Water Revenue 5.000%   7/1/38       1,000      1,125
  Great Lakes Water Authority Water Supply System Water Revenue 5.000%   7/1/39       1,000      1,068
  Great Lakes Water Authority Water Supply System Water Revenue 5.000%   7/1/39       1,755      1,866
  Great Lakes Water Authority Water Supply System Water Revenue 5.250%   7/1/39       2,750      3,054
  Great Lakes Water Authority Water Supply System Water Revenue 5.000%   7/1/40       1,840      1,949
  Great Lakes Water Authority Water Supply System Water Revenue 5.000%   7/1/40         600        667
  Great Lakes Water Authority Water Supply System Water Revenue 5.250%   7/1/40       4,390      4,861
  Great Lakes Water Authority Water Supply System Water Revenue 5.000%   7/1/41         700        773
  Great Lakes Water Authority Water Supply System Water Revenue 5.250%   7/1/41       4,415      4,865
  Great Lakes Water Authority Water Supply System Water Revenue 5.000%   7/1/42       1,015      1,113
  Great Lakes Water Authority Water Supply System Water Revenue 5.250%   7/1/42       3,295      3,614
  Great Lakes Water Authority Water Supply System Water Revenue 5.000%   7/1/43       1,325      1,443
  Great Lakes Water Authority Water Supply System Water Revenue 5.000%   7/1/45       1,850      1,928
17 Greenville MI Public Schools GO 3.000%  11/1/34       2,545      2,373
  Grosse Pointe Public School System GO 5.000%   5/1/36       1,635      1,734
  Grosse Pointe Public School System GO 5.000%   5/1/37       1,350      1,426
  Grosse Pointe Public School System GO 5.000%   5/1/38       1,300      1,367
  Grosse Pointe Public School System GO 5.000%   5/1/39       1,000      1,048
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
17 Hudsonville Public Schools GO 5.000%   5/1/33       1,360      1,416
17 Hudsonville Public Schools GO 4.000%   5/1/34       1,050      1,080
17 Hudsonville Public Schools GO 5.000%   5/1/34       1,120      1,164
17 Hudsonville Public Schools GO 4.000%   5/1/35         560        573
17 Hudsonville Public Schools GO 5.000%   5/1/35       1,000      1,036
17 Hudsonville Public Schools GO 5.000%   5/1/36       1,000      1,035
17 Hudsonville Public Schools GO 4.000%   5/1/37       1,460      1,482
17 Hudsonville Public Schools GO 5.000%   5/1/37       1,015      1,047
17 Hudsonville Public Schools GO 4.000%   5/1/39       1,065      1,073
17 Hudsonville Public Schools GO 4.000%   5/1/40       1,300      1,306
  Huntington Woods MI GO 3.000%  10/1/40       1,440      1,227
  Ingham County Building Authority Lease Revenue 3.000%   5/1/33       3,800      3,584
  Ingham County Building Authority Lease Revenue 3.000%   5/1/36       4,150      3,820
  Ingham County Building Authority Lease Revenue 3.000%   5/1/37       4,275      3,898
  Ingham County Building Authority Lease Revenue 3.000%   5/1/38       4,400      3,927
  Kalamazoo Hospital Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  5/15/27       1,910      1,955
  Kalamazoo Hospital Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  5/15/29       4,640      4,738
3 Kalamazoo Public Schools GO 5.000%   5/1/42       1,125      1,191
  Karegnondi Water Authority Lease Revenue 5.000%  11/1/25       1,000      1,015
  Karegnondi Water Authority Lease Revenue 5.000%  11/1/27       1,120      1,168
  Karegnondi Water Authority Lease Revenue 5.000%  11/1/31       1,020      1,056
  Karegnondi Water Authority Lease Revenue 5.000%  11/1/32       1,030      1,065
  Karegnondi Water Authority Lease Revenue 5.000%  11/1/33       2,140      2,211
  Karegnondi Water Authority Lease Revenue 5.000%  11/1/37       1,145      1,174
1 Karegnondi Water Authority Water Revenue 5.000%  11/1/32       1,000      1,127
1 Karegnondi Water Authority Water Revenue 5.000%  11/1/33       1,000      1,136
1 Karegnondi Water Authority Water Revenue 5.000%  11/1/34       1,100      1,259
1 Karegnondi Water Authority Water Revenue 5.000%  11/1/35       1,535      1,743
1 Karegnondi Water Authority Water Revenue 5.000%  11/1/36       1,110      1,258
1 Karegnondi Water Authority Water Revenue 5.000%  11/1/37       2,000      2,249
1 Karegnondi Water Authority Water Revenue 5.000%  11/1/38       1,750      1,959
17 Lake Orion Community School District GO 4.000%   5/1/30         575        598
17 Lake Orion Community School District GO 4.000%   5/1/31         400        417
17 Lake Orion Community School District GO 4.000%   5/1/33         600        628
17 Lake Orion Community School District GO 5.000%   5/1/33       3,800      4,090
17 Lake Orion Community School District GO 5.000%   5/1/34       2,400      2,578
17 Lake Orion Community School District GO 5.000%   5/1/35       4,280      4,575
17 Lake Orion Community School District GO 5.000%   5/1/36       3,800      4,055
17 Lake Orion Community School District GO 5.000%   5/1/37       4,025      4,264
17 Lake Orion Community School District GO 4.000%   5/1/40       1,100      1,105
6,17 L'Anse Creuse Public Schools GO 5.000%   5/1/34         310        352
6,17 L'Anse Creuse Public Schools GO 5.000%   5/1/35         275        314
6,17 L'Anse Creuse Public Schools GO 5.000%   5/1/36         850        967
6,17 L'Anse Creuse Public Schools GO 5.000%   5/1/37       1,250      1,412
6,17 L'Anse Creuse Public Schools GO 5.000%   5/1/38       1,700      1,910
6,17 L'Anse Creuse Public Schools GO 5.000%   5/1/39       1,300      1,453
6,17 L'Anse Creuse Public Schools GO 5.000%   5/1/40       1,700      1,884
6,17 L'Anse Creuse Public Schools GO 5.000%   5/1/41       1,900      2,084
6,17 L'Anse Creuse Public Schools GO 5.000%   5/1/42       1,555      1,697
6,17 L'Anse Creuse Public Schools GO 5.000%   5/1/43       1,700      1,846
6,17 L'Anse Creuse Public Schools GO 5.000%   5/1/44       1,000      1,080
6,17 L'Anse Creuse Public Schools GO 5.000%   5/1/45       1,370      1,474
  Lansing Board of Water & Light Electric Power & Light Revenue 5.000%   7/1/44       3,265      3,399
  Lansing Board of Water & Light Multiple Utility Revenue 5.000%   7/1/40       2,750      3,043
  Lansing Board of Water & Light Multiple Utility Revenue 5.000%   7/1/41       2,000      2,200
  Lansing Board of Water & Light Multiple Utility Revenue 5.000%   7/1/42       2,930      3,206
  Lansing Board of Water & Light Multiple Utility Revenue 5.000%   7/1/43       3,750      4,084
  Lansing Board of Water & Light Multiple Utility Revenue 5.000%   7/1/44       3,000      3,253
3 Lansing MI GO 4.000%   6/1/39       3,570      3,577
3 Lansing MI GO 4.000%   6/1/40       1,000        992
3,17 Lincoln Consolidated School District GO 5.000%   5/1/26       1,265      1,300
3 Livonia Public Schools GO 5.000%   5/1/42       4,395      4,676
  Macomb Interceptor Drain Drainage District Special Assessment Revenue 5.000%   5/1/27       1,610      1,682
  Macomb Interceptor Drain Drainage District Special Assessment Revenue 5.000%   5/1/29       1,645      1,716
  Macomb Interceptor Drain Drainage District Special Assessment Revenue 5.000%   5/1/30       2,540      2,647
  Macomb Interceptor Drain Drainage District Special Assessment Revenue 5.000%   5/1/31       2,030      2,112
  Macomb Interceptor Drain Drainage District Special Assessment Revenue 5.000%   5/1/33       2,215      2,298
  Macomb Interceptor Drain Drainage District Special Assessment Revenue 5.000%   5/1/34       1,835      1,901
  Macomb Interceptor Drain Drainage District Special Assessment Revenue 5.000%   5/1/42       3,500      3,582
  Marquette Board of Light & Power Electric Power & Light Revenue 5.000%   7/1/32       1,145      1,170
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Marquette Board of Light & Power Electric Power & Light Revenue 5.000%   7/1/33       1,010      1,031
17 Marysville Public Schools District GO 5.000%   5/1/29       2,290      2,352
17 Marysville Public Schools District GO 5.000%   5/1/32       3,010      3,085
17 Marysville Public Schools District GO 5.000%   5/1/33       3,285      3,365
  Michigan (Environmental Program) GO 5.000%  12/1/25       7,835      7,978
  Michigan (Environmental Program) GO 3.000%  5/15/39       1,440      1,310
  Michigan Finance Authority College & University Revenue 4.000%   9/1/30         725        735
  Michigan Finance Authority College & University Revenue 4.000%   9/1/31         660        668
  Michigan Finance Authority College & University Revenue 4.000%   2/1/32         285        275
  Michigan Finance Authority College & University Revenue 5.000%   9/1/32         690        744
  Michigan Finance Authority College & University Revenue 5.000%   9/1/33         725        777
  Michigan Finance Authority College & University Revenue 5.000%   9/1/34       1,140      1,219
  Michigan Finance Authority College & University Revenue 5.000%   9/1/36       1,010      1,071
  Michigan Finance Authority College & University Revenue 5.000%   9/1/37       1,200      1,268
  Michigan Finance Authority College & University Revenue 4.000%   9/1/39       1,045      1,008
  Michigan Finance Authority College & University Revenue 4.000%   9/1/40       1,100      1,039
  Michigan Finance Authority College & University Revenue 4.000%   9/1/41       1,120      1,044
  Michigan Finance Authority College & University Revenue (Kalamazoo College Project) 5.000%  12/1/28       1,020      1,075
  Michigan Finance Authority College & University Revenue (Kalamazoo College Project) 5.000%  12/1/31       1,300      1,373
  Michigan Finance Authority College & University Revenue (Kalamazoo College Project) 4.000%  12/1/35       1,530      1,534
  Michigan Finance Authority College & University Revenue (Kalamazoo College Project) 4.000%  12/1/37       1,655      1,651
  Michigan Finance Authority College & University Revenue (Kalamazoo College Project) 5.000%  12/1/38       1,000      1,032
  Michigan Finance Authority College & University Revenue (Kettering University Project) 5.000%   9/1/29         415        421
  Michigan Finance Authority College & University Revenue (Kettering University Project) 5.000%   9/1/30         425        431
  Michigan Finance Authority College & University Revenue (Kettering University Project) 4.000%   9/1/31         910        872
  Michigan Finance Authority College & University Revenue (Kettering University Project) 4.000%   9/1/32         950        904
  Michigan Finance Authority College & University Revenue (Kettering University Project) 4.000%   9/1/33         990        933
  Michigan Finance Authority College & University Revenue (Kettering University Project) 4.000%   9/1/34       1,000        938
  Michigan Finance Authority College & University Revenue (Kettering University Project) 4.000%   9/1/35         400        372
  Michigan Finance Authority College & University Revenue (Kettering University Project) 4.000%   9/1/36         565        521
  Michigan Finance Authority College & University Revenue (Kettering University Project) 4.000%   9/1/37         640        583
  Michigan Finance Authority College & University Revenue (Kettering University Project) 4.000%   9/1/38         660        594
  Michigan Finance Authority College & University Revenue (Kettering University Project) 4.000%   9/1/39         645        574
  Michigan Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  4/15/26       5,505      5,635
  Michigan Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  5/15/26       1,000      1,005
  Michigan Finance Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/26       4,000      4,116
  Michigan Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/26       3,095      3,208
  Michigan Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  4/15/27       4,010      4,188
  Michigan Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  5/15/27         870        874
  Michigan Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/27       2,800      2,925
  Michigan Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/27       2,070      2,182
  Michigan Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  2/15/28       1,525      1,604
  Michigan Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  4/15/28       4,165      4,423
  Michigan Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  5/15/28       1,000      1,004
  Michigan Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/28       2,375      2,499
  Michigan Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  4/15/29       4,395      4,735
  Michigan Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  5/15/29       1,015      1,019
  Michigan Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/29       4,880      5,086
  Michigan Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  2/15/30       1,600      1,716
  Michigan Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  5/15/30       2,580      2,590
  Michigan Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/30       3,770      3,923
  Michigan Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  4/15/31      12,000     13,267
  Michigan Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  5/15/31       2,655      2,665
  Michigan Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  8/31/31       1,000      1,076
  Michigan Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/31       4,290      4,455
  Michigan Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  4/15/32      11,450     12,788
  Michigan Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  8/31/32       1,475      1,597
  Michigan Finance Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/32       3,665      3,772
  Michigan Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  2/15/33       3,345      3,553
  Michigan Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  2/28/33       1,000      1,085
  Michigan Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  8/31/33       1,000      1,088
  Michigan Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/33       5,040      5,139
  Michigan Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  2/28/34       1,000      1,090
  Michigan Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  8/31/34       1,000      1,116
  Michigan Finance Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/34       7,000      7,190
  Michigan Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/34       7,870      8,019
  Michigan Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/34       5,145      5,349
  Michigan Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  2/15/35       2,245      2,366
  Michigan Finance Authority Health, Hospital, Nursing Home Revenue 4.000%  12/1/35      10,000     10,102
  Michigan Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/35       8,810      9,129
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Michigan Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  2/15/36       5,570      5,849
  Michigan Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  4/15/36       7,315      8,001
  Michigan Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  5/15/36       3,190      3,243
  Michigan Finance Authority Health, Hospital, Nursing Home Revenue 4.000%  12/1/36       3,310      3,316
  Michigan Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  2/15/37       6,020      6,298
  Michigan Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  2/28/37       1,800      1,986
  Michigan Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  4/15/37       8,145      8,869
  Michigan Finance Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/37      12,000     12,266
  Michigan Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  2/15/38      10,255     10,670
  Michigan Finance Authority Health, Hospital, Nursing Home Revenue 4.000%  4/15/38       1,715      1,718
  Michigan Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  4/15/38       8,305      8,971
  Michigan Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  2/15/39      12,000     12,422
  Michigan Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  2/28/39       1,850      2,015
  Michigan Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/39       8,295      8,704
  Michigan Finance Authority Health, Hospital, Nursing Home Revenue 5.250%  2/28/41       1,100      1,190
  Michigan Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/41       5,000      5,226
  Michigan Finance Authority Health, Hospital, Nursing Home Revenue 5.250%  2/28/43       1,375      1,474
  Michigan Finance Authority Health, Hospital, Nursing Home Revenue 4.000%  2/15/44       5,000      4,736
  Michigan Finance Authority Intergovernmental Agreement Revenue 5.000%   4/1/25       3,160      3,171
  Michigan Finance Authority Intergovernmental Agreement Revenue 5.000%   4/1/26       1,320      1,352
  Michigan Finance Authority Intergovernmental Agreement Revenue 4.000%  11/1/33       2,030      2,097
  Michigan Finance Authority Intergovernmental Agreement Revenue 4.000%  11/1/34       2,125      2,189
  Michigan Finance Authority Intergovernmental Agreement Revenue 4.000%  11/1/35       2,005      2,060
  Michigan Finance Authority Intergovernmental Agreement Revenue (Charter County of Wayne Criminal Justice Center Project) 5.000%  11/1/26       2,310      2,393
  Michigan Finance Authority Intergovernmental Agreement Revenue (Charter County of Wayne Criminal Justice Center Project) 5.000%  11/1/27       1,320      1,392
  Michigan Finance Authority Intergovernmental Agreement Revenue (Charter County of Wayne Criminal Justice Center Project) 5.000%  11/1/30       2,200      2,340
  Michigan Finance Authority Intergovernmental Agreement Revenue (Charter County of Wayne Criminal Justice Center Project) 5.000%  11/1/31       1,020      1,080
  Michigan Finance Authority Intergovernmental Agreement Revenue (Charter County of Wayne Criminal Justice Center Project) 5.000%  11/1/32       1,225      1,294
  Michigan Finance Authority Intergovernmental Agreement Revenue (Charter County of Wayne Criminal Justice Center Project) 5.000%  11/1/33       1,095      1,154
  Michigan Finance Authority Intergovernmental Agreement Revenue (Charter County of Wayne Criminal Justice Center Project) 5.000%  11/1/34       1,440      1,513
  Michigan Finance Authority Intergovernmental Agreement Revenue (Charter County of Wayne Criminal Justice Center Project) 5.000%  11/1/35       1,525      1,597
  Michigan Finance Authority Intergovernmental Agreement Revenue (Charter County of Wayne Criminal Justice Center Project) 5.000%  11/1/36       2,045      2,137
  Michigan Finance Authority Intergovernmental Agreement Revenue (Charter County of Wayne Criminal Justice Center Project) 5.000%  11/1/37       2,515      2,617
1 Michigan Finance Authority Intergovernmental Agreement Revenue (Charter County of Wayne Criminal Justice Center Project) 5.000%  11/1/38       2,110      2,185
1,4 Michigan Finance Authority Intergovernmental Agreement Revenue TOB VRDO 2.050%   2/3/25      21,600     21,600
4,6 Michigan Finance Authority Revenue PUT 3.875%   2/1/28      30,000     30,096
  Michigan Finance Authority Sewer Revenue (Local Government Loan Program) 5.000%   7/1/27       1,350      1,359
  Michigan Finance Authority Sewer Revenue (Local Government Loan Program) 5.000%   7/1/28       1,000      1,006
  Michigan Finance Authority Sewer Revenue (Local Government Loan Program) 5.000%   7/1/32       3,120      3,138
  Michigan Finance Authority Sewer Revenue (Local Government Loan Program) 5.000%   7/1/33       3,500      3,524
  Michigan Finance Authority Sewer Revenue (Local Government Loan Program) 5.000%   7/1/34       5,000      5,028
3 Michigan Finance Authority Sewer Revenue (Local Government Loan Program) 5.000%   7/1/35       3,500      3,521
  Michigan Finance Authority Tobacco Settlement Funded Revenue 5.000%   6/1/26         500        509
  Michigan Finance Authority Tobacco Settlement Funded Revenue 5.000%   6/1/30       2,650      2,814
  Michigan Finance Authority Tobacco Settlement Funded Revenue 5.000%   6/1/32       3,305      3,507
  Michigan Finance Authority Tobacco Settlement Funded Revenue 5.000%   6/1/33       3,250      3,442
  Michigan Finance Authority Tobacco Settlement Funded Revenue 4.000%   6/1/34       2,000      2,001
  Michigan Finance Authority Tobacco Settlement Funded Revenue 4.000%   6/1/35       2,350      2,341
  Michigan Finance Authority Tobacco Settlement Funded Revenue 4.000%   6/1/36       1,570      1,555
  Michigan Finance Authority Tobacco Settlement Funded Revenue 4.000%   6/1/37       4,215      4,143
  Michigan Finance Authority Tobacco Settlement Funded Revenue 4.000%   6/1/38       4,630      4,508
  Michigan Finance Authority Tobacco Settlement Funded Revenue 4.000%   6/1/39       5,355      5,161
  Michigan Finance Authority Tobacco Settlement Funded Revenue 4.000%   6/1/40       3,750      3,567
  Michigan Finance Authority Water Revenue 4.000%  10/1/30       7,540      7,631
  Michigan Finance Authority Water Revenue 5.000%  10/1/36       5,540      5,861
  Michigan Finance Authority Water Revenue 5.000%  10/1/37       7,005      7,383
  Michigan Finance Authority Water Revenue (Local Government Loan Program) 5.000%   7/1/30         700        705
  Michigan Finance Authority Water Revenue (Local Government Loan Program) 5.000%   7/1/32       1,000      1,007
  Michigan Finance Authority Water Revenue (Local Government Loan Program) 5.000%   7/1/33         850        856
  Michigan Finance Authority Water Revenue (Local Government Loan Program) 5.000%   7/1/34       3,000      3,019
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Michigan Finance Authority Water Revenue (Local Government Loan Program) 5.000%   7/1/34       6,040      6,073
  Michigan Finance Authority Water Revenue (Local Government Loan Program) 5.000%   7/1/35       1,350      1,358
  Michigan State Building Authority Appropriations Revenue (Facilities Program) 5.000%  4/15/36       4,475      4,768
  Michigan State Building Authority Lease (Appropriation) Revenue 5.000% 10/15/28       2,240      2,316
  Michigan State Building Authority Lease (Appropriation) Revenue 5.000% 10/15/32      10,115     10,410
  Michigan State Building Authority Lease (Appropriation) Revenue 5.000% 10/15/34       3,625      3,719
  Michigan State Building Authority Lease (Appropriation) Revenue (Facilities Program) 5.000%  4/15/28       8,135      8,243
  Michigan State Building Authority Lease (Appropriation) Revenue (Facilities Program) 5.000%  4/15/29      26,630     26,972
  Michigan State Building Authority Lease (Appropriation) Revenue (Facilities Program) 5.000%  4/15/31       3,545      3,589
  Michigan State Building Authority Lease (Appropriation) Revenue (Facilities Program) 5.000% 10/15/31      10,415     10,543
  Michigan State Building Authority Lease (Appropriation) Revenue (Facilities Program) 5.000%  4/15/32      24,205     24,492
  Michigan State Building Authority Lease (Appropriation) Revenue (Facilities Program) 5.000% 10/15/32       4,660      4,714
  Michigan State Building Authority Lease (Appropriation) Revenue (Facilities Program) 5.000%  4/15/33      12,000     12,138
  Michigan State Building Authority Lease (Appropriation) Revenue (Facilities Program) 5.000%  4/15/34       4,000      4,045
  Michigan State Building Authority Lease (Appropriation) Revenue (Facilities Program) 5.000%  4/15/35      13,405     13,546
  Michigan State Building Authority Lease (Appropriation) Revenue (Facilities Program) 5.000% 10/15/37       1,000      1,118
  Michigan State Building Authority Lease (Appropriation) Revenue (Facilities Program) 5.000%  4/15/38       6,675      6,737
  Michigan State Building Authority Lease (Appropriation) Revenue (Facilities Program) 5.000% 10/15/38         450        500
  Michigan State Building Authority Lease (Appropriation) Revenue (Facilities Program) 5.000% 10/15/41       1,000      1,091
  Michigan State Building Authority Lease (Appropriation) Revenue (Facilities Program) 4.000% 10/15/43       1,025      1,002
  Michigan State Hospital Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/26       2,160      2,239
  Michigan State Hospital Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/27       2,490      2,625
  Michigan State Hospital Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/28       2,290      2,410
  Michigan State Hospital Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/29       1,410      1,482
  Michigan State Hospital Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/30       1,865      1,956
  Michigan State Hospital Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/31       3,035      3,176
  Michigan State Hospital Finance Authority Health, Hospital, Nursing Home Revenue, Prere. 5.000%  5/15/25      18,470     18,565
  Michigan State Hospital Finance Authority Health, Hospital, Nursing Home Revenue, Prere. 5.000%  5/15/25       7,915      7,956
  Michigan State Hospital Finance Authority Health, Hospital, Nursing Home Revenue, Prere. 5.000%  5/15/25       8,995      9,041
  Michigan State Hospital Finance Authority Health, Hospital, Nursing Home Revenue, Prere. 4.000%  5/15/28       2,655      2,723
  Michigan State Housing Development Authority Local or Guaranteed Housing Revenue 3.750%   4/1/27       7,190      7,178
  Michigan State Housing Development Authority Local or Guaranteed Housing Revenue 4.450%  10/1/44       2,250      2,250
  Michigan State Housing Development Authority Local or Guaranteed Housing Revenue 3.500%   6/1/47       2,445      2,439
  Michigan State Housing Development Authority Local or Guaranteed Housing Revenue 4.000%  12/1/48       1,695      1,700
  Michigan State Housing Development Authority Local or Guaranteed Housing Revenue 3.500%  12/1/50       2,645      2,625
  Michigan State Housing Development Authority Local or Guaranteed Housing Revenue 3.000%   6/1/52       1,495      1,462
  Michigan State Housing Development Authority Local or Guaranteed Housing Revenue 5.000%   6/1/53       9,885     10,251
  Michigan State Housing Development Authority Local or Guaranteed Housing Revenue 5.500%  12/1/53      25,570     27,396
  Michigan State Housing Development Authority Local or Guaranteed Housing Revenue 6.250%   6/1/55       2,905      3,207
  Michigan State Housing Development Authority Local or Guaranteed Housing Revenue (Avon Towers Project) 4.250%  10/1/41      17,595     17,325
  Michigan State Housing Development Authority Local or Guaranteed Housing Revenue PUT 3.625%   4/1/27       3,875      3,899
  Michigan State University College & University Revenue 5.000%  2/15/30         900        970
  Michigan State University College & University Revenue 5.000%  2/15/31       1,450      1,556
  Michigan State University College & University Revenue 5.000%  2/15/32       1,380      1,475
  Michigan State University College & University Revenue 5.000%  2/15/33       1,940      2,068
  Michigan State University College & University Revenue 5.000%  2/15/34       5,820      6,187
  Michigan State University College & University Revenue 5.000%  2/15/35       1,300      1,375
  Michigan State University College & University Revenue 5.000%  2/15/36       1,860      1,962
  Michigan State University College & University Revenue 4.000%  2/15/37       1,750      1,775
  Michigan State University College & University Revenue 4.000%  2/15/38       1,000      1,012
  Michigan State University College & University Revenue 5.000%  8/15/40       1,300      1,310
  Michigan State University College & University Revenue 5.250%  8/15/46      18,180     20,008
  Michigan Strategic Fund Health, Hospital, Nursing Home Revenue 5.000% 11/15/34       3,710      3,773
  Michigan Strategic Fund Lease Revenue (Michigan Senate Offices Project) 5.000% 10/15/30       1,480      1,501
  Michigan Strategic Fund Lease Revenue (Michigan Senate Offices Project) 5.000% 10/15/34       2,170      2,200
  Michigan Strategic Fund Lease Revenue (Michigan Senate Offices Project) 5.000% 10/15/35       1,370      1,388
  Michigan Trunk Line Fuel Sales Tax Revenue 4.000% 11/15/36       1,145      1,182
  Michigan Trunk Line Fuel Sales Tax Revenue 4.000% 11/15/37      23,110     23,654
  Michigan Trunk Line Fuel Sales Tax Revenue 4.000% 11/15/39      12,785     12,969
  Michigan Trunk Line Fuel Sales Tax Revenue 4.000% 11/15/40      16,595     16,792
  Michigan Trunk Line Fuel Sales Tax Revenue (Rebuilding Michigan Program) 5.000% 11/15/38       2,000      2,242
  Michigan Trunk Line Fuel Sales Tax Revenue (Rebuilding Michigan Program) 5.000% 11/15/40      10,625     11,794
  Michigan Trunk Line Fuel Sales Tax Revenue (Rebuilding Michigan Program) 5.000% 11/15/41      17,230     19,004
  Michigan Trunk Line Fuel Sales Tax Revenue (Rebuilding Michigan Program) 5.000% 11/15/42      22,840     25,014
  Michigan Trunk Line Fuel Sales Tax Revenue (Rebuilding Michigan Program) 5.000% 11/15/43      31,790     34,639
17 Milan Area Schools GO 5.000%   5/1/27       1,055      1,102
17 Milan Area Schools GO 5.000%   5/1/28       1,100      1,169
17 Milan Area Schools GO 5.000%   5/1/29       1,155      1,245
17 Milan Area Schools GO 5.000%   5/1/32       1,670      1,792
17 Milan Area Schools GO 5.000%   5/1/34       1,940      2,071
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
17 Northview Public Schools GO 2.000%  11/1/32       1,780      1,460
  Northville Public Schools GO 5.000%   5/1/40         880        943
  Northville Public Schools GO 5.000%   5/1/41       1,250      1,329
  Northville Public Schools GO 5.000%   5/1/42       1,630      1,722
  Northville Public Schools GO 5.000%   5/1/43       1,000      1,053
  Oakland University College & University Revenue 5.000%   3/1/25         540        541
  Oakland University College & University Revenue 5.000%   3/1/27         785        803
  Oakland University College & University Revenue 5.000%   3/1/28       1,250      1,274
  Oakland University College & University Revenue 5.000%   3/1/29       1,735      1,768
  Oakland University College & University Revenue 5.000%   3/1/31       2,350      2,391
  Oakland University College & University Revenue 5.000%   3/1/32       3,140      3,195
  Oakland University College & University Revenue 5.000%   3/1/32       1,290      1,432
  Oakland University College & University Revenue 5.000%   3/1/33       1,775      1,806
  Oakland University College & University Revenue 5.000%   3/1/33       1,275      1,413
  Oakland University College & University Revenue 5.000%   3/1/34       3,745      3,810
  Oakland University College & University Revenue 5.000%   3/1/35       2,205      2,243
  Oakland University College & University Revenue 5.000%   3/1/36       2,025      2,059
  Oakland University College & University Revenue 5.000%   3/1/36       1,500      1,639
  Oakland University College & University Revenue 5.000%   3/1/37       1,500      1,634
  Oakland University College & University Revenue 5.000%   3/1/38       1,575      1,708
  Oakland University College & University Revenue 5.000%   3/1/39       1,675      1,810
  Oakland University College & University Revenue 5.000%   3/1/40       3,200      3,443
  Oakland University College & University Revenue 5.000%   3/1/41       3,360      3,602
  Oakland University College & University Revenue 5.000%   3/1/42       3,530      3,767
17 Okemos Public Schools GO 5.000%   5/1/41         400        434
17 Okemos Public Schools GO 5.000%   5/1/42       1,150      1,242
17 Okemos Public Schools GO 5.000%   5/1/43         550        591
17 Okemos Public Schools GO 5.000%   5/1/44         600        642
  Plymouth-Canton Community School District GO 5.000%   5/1/42       2,325      2,502
  Portage Public Schools GO 4.000%  11/1/32       3,195      3,288
  Portage Public Schools GO 4.000%  11/1/33       1,465      1,504
  Portage Public Schools GO 5.000%  11/1/33       2,130      2,176
  Portage Public Schools GO 4.000%  11/1/34       3,725      3,798
  Portage Public Schools GO 5.000%  11/1/35       1,300      1,328
  Portage Public Schools GO 5.000%  11/1/36       1,535      1,567
  Portage Public Schools GO 4.000%  11/1/37       1,900      1,915
  Rochester Community School District GO 3.000%   5/1/33       2,090      1,966
17 Rockford Public Schools GO 5.000%   5/1/32       2,000      2,050
17 Rockford Public Schools GO 5.000%   5/1/33       2,470      2,530
17 Rockford Public Schools GO 5.000%   5/1/38         670        736
17 Rockford Public Schools GO 5.000%   5/1/39       1,730      1,880
17 Rockford Public Schools GO 5.000%   5/1/40       1,735      1,876
17 Rockford Public Schools GO 5.000%   5/1/41       3,110      3,344
17 Rockford Public Schools GO 5.000%   5/1/42       3,700      3,963
17 Rockford Public Schools GO 5.000%   5/1/43       1,300      1,387
17 Romeo Community School District GO 5.000%   5/1/32       1,290      1,323
17 Romeo Community School District GO 5.000%   5/1/33       1,350      1,382
17 Romeo Community School District GO 5.000%   5/1/34       1,425      1,460
17 Romeo Community School District GO 5.000%   5/1/35       1,000      1,023
17 Saginaw City School District GO 4.000%   5/1/30       1,105      1,146
17 Saginaw City School District GO 4.000%   5/1/36         700        715
17 Saginaw City School District GO 4.000%   5/1/40       3,260      3,249
17 Saginaw City School District GO 4.000%   5/1/41       1,130      1,118
  Saginaw Hospital Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/28       1,250      1,308
  Saginaw Hospital Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/29       1,020      1,078
  Southfield MI GO 3.000%   5/1/33       2,630      2,473
  University of Michigan College & University Revenue 5.000%   4/1/31       1,090      1,181
  University of Michigan College & University Revenue 5.000%   4/1/33       2,895      3,004
  University of Michigan College & University Revenue 5.000%   4/1/34       3,520      3,647
  University of Michigan College & University Revenue 5.000%   4/1/35       3,360      3,478
  University of Michigan College & University Revenue 5.000%   4/1/36       1,260      1,351
  University of Michigan College & University Revenue, Prere. 5.000%   4/1/27       4,030      4,224
  University of Michigan College & University Revenue, Prere. 5.000%   4/1/27       5,090      5,334
17 Warren Consolidated Schools GO 5.000%   5/1/30       2,265      2,314
17 Warren Consolidated Schools GO 5.000%   5/1/32       2,485      2,536
17 Warren Consolidated Schools GO 5.000%   5/1/32       2,300      2,464
17 Warren Consolidated Schools GO 5.000%   5/1/33       1,400      1,497
17 Warren Consolidated Schools GO 5.000%   5/1/35       2,600      2,768
17 Warren Consolidated Schools GO 5.000%   5/1/37       1,430      1,514
17 Warren Consolidated Schools GO 5.000%   5/1/39       1,405      1,472
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Warren MI GO 5.000%  11/1/41       1,300      1,425
  Wayne County Airport Authority Port, Airport & Marina Revenue 5.000%  12/1/25       2,460      2,502
  Wayne County Airport Authority Port, Airport & Marina Revenue 5.000%  12/1/26       1,735      1,800
  Wayne County Airport Authority Port, Airport & Marina Revenue 5.000%  12/1/26       2,495      2,588
  Wayne County Airport Authority Port, Airport & Marina Revenue 5.000%  12/1/27         840        885
  Wayne County Airport Authority Port, Airport & Marina Revenue 5.000%  12/1/27       2,395      2,533
  Wayne County Airport Authority Port, Airport & Marina Revenue 5.000%  12/1/28         670        701
  Wayne County Airport Authority Port, Airport & Marina Revenue 5.000%  12/1/28       1,720      1,803
  Wayne County Airport Authority Port, Airport & Marina Revenue 5.000%  12/1/29       1,525      1,545
  Wayne County Airport Authority Port, Airport & Marina Revenue 5.000%  12/1/29         660        690
  Wayne County Airport Authority Port, Airport & Marina Revenue 5.000%  12/1/30         830        867
  Wayne County Airport Authority Port, Airport & Marina Revenue 5.000%  12/1/30         785        820
  Wayne County Airport Authority Port, Airport & Marina Revenue 5.000%  12/1/31       2,310      2,338
  Wayne County Airport Authority Port, Airport & Marina Revenue 5.000%  12/1/31         760        792
  Wayne County Airport Authority Port, Airport & Marina Revenue 5.000%  12/1/32       2,925      2,959
  Wayne County Airport Authority Port, Airport & Marina Revenue 5.000%  12/1/33      10,165     10,281
  Wayne County Airport Authority Port, Airport & Marina Revenue 5.000%  12/1/34       3,390      3,424
  Wayne County Airport Authority Port, Airport & Marina Revenue 5.000%  12/1/34       2,600      2,626
  Wayne County Airport Authority Port, Airport & Marina Revenue 5.000%  12/1/34         780        810
  Wayne County Airport Authority Port, Airport & Marina Revenue 5.000%  12/1/35       3,870      3,906
  Wayne County Airport Authority Port, Airport & Marina Revenue 5.000%  12/1/35         645        669
  Wayne County Airport Authority Port, Airport & Marina Revenue 5.000%  12/1/35       6,085      6,422
  Wayne County Airport Authority Port, Airport & Marina Revenue 5.000%  12/1/36         645        668
  Wayne County Airport Authority Port, Airport & Marina Revenue 5.000%  12/1/36       5,000      5,267
  Wayne County Airport Authority Port, Airport & Marina Revenue 5.000%  12/1/37         900        930
  Wayne County Airport Authority Port, Airport & Marina Revenue 5.000%  12/1/37         610        630
  Wayne County Airport Authority Port, Airport & Marina Revenue 5.000%  12/1/37       8,000      8,403
  Wayne County Airport Authority Port, Airport & Marina Revenue 5.000%  12/1/38       6,030      6,318
  Wayne State University College & University Revenue 5.000% 11/15/36       1,700      1,720
  Wayne State University College & University Revenue 5.000% 11/15/37       1,750      1,770
  West Ottawa Public Schools GO 5.000%   5/1/44       1,700      1,823
3 Western Michigan University College & University Revenue 5.000% 11/15/29         200        216
3 Western Michigan University College & University Revenue 5.000% 11/15/30         220        240
3 Western Michigan University College & University Revenue 5.000% 11/15/30         400        436
3 Western Michigan University College & University Revenue 5.000% 11/15/32         200        218
3 Western Michigan University College & University Revenue 5.000% 11/15/33         590        642
3 Western Michigan University College & University Revenue 5.000% 11/15/34         250        271
3 Western Michigan University College & University Revenue 5.000% 11/15/34         600        651
3 Western Michigan University College & University Revenue 5.000% 11/15/35         600        649
3 Western Michigan University College & University Revenue 5.000% 11/15/36         200        216
3 Western Michigan University College & University Revenue 5.000% 11/15/37         400        430
3 Western Michigan University College & University Revenue 5.000% 11/15/37         600        645
3 Western Michigan University College & University Revenue 5.000% 11/15/38         250        267
3 Western Michigan University College & University Revenue 5.000% 11/15/39         405        433
3 Western Michigan University College & University Revenue 5.000% 11/15/39         200        214
3 Western Michigan University College & University Revenue 5.000% 11/15/40         500        531
3 Western Michigan University College & University Revenue 5.000% 11/15/40         225        239
3 Western Michigan University College & University Revenue 5.000% 11/15/41         400        422
17 Woodhaven-Brownstown School District GO 5.000%   5/1/29       3,800      3,895
17 Woodhaven-Brownstown School District GO 5.000%   5/1/30       3,850      3,944
17 Woodhaven-Brownstown School District GO 5.000%   5/1/31       3,905      4,000
1 Zeeland Public Schools GO 5.000%   5/1/43       1,730      1,828
                                   1,844,404
Minnesota (1.0%)
  Clinton-Graceville-Beardsley Independent School District No. 2888 GO 4.000%   2/1/40       1,575      1,583
  Clinton-Graceville-Beardsley Independent School District No. 2888 GO 4.000%   2/1/41       1,640      1,628
  Clinton-Graceville-Beardsley Independent School District No. 2888 GO 4.000%   2/1/42       1,705      1,680
  Duluth Economic Development Authority Health, Hospital, Nursing Home Revenue 5.000%  6/15/29         250        268
  Duluth Economic Development Authority Health, Hospital, Nursing Home Revenue 5.000%  6/15/31         500        548
  Duluth Economic Development Authority Health, Hospital, Nursing Home Revenue 5.000%  2/15/33       1,200      1,249
  Duluth Economic Development Authority Health, Hospital, Nursing Home Revenue 4.000%   7/1/36       3,390      3,041
  Duluth Economic Development Authority Health, Hospital, Nursing Home Revenue 5.000%  2/15/37       1,500      1,541
  Duluth Economic Development Authority Health, Hospital, Nursing Home Revenue 4.000%   7/1/41       1,790      1,513
14 Freddie Mac Pool 3.100%   2/1/40       5,934      5,089
  Gibbon MN Independent School District No. 2365 GO 5.000%   2/1/36         300        330
  Gibbon MN Independent School District No. 2365 GO 5.000%   2/1/37         375        411
  Gibbon MN Independent School District No. 2365 GO 5.000%   2/1/39         650        707
  Goodridge Independent School District No. 561 GO 4.000%   2/1/39       1,265      1,278
  Goodridge Independent School District No. 561 GO 4.000%   2/1/40       1,315      1,320
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Goodridge Independent School District No. 561 GO 4.000%   2/1/41       1,370      1,365
  Hennepin County MN GO 5.000%  12/1/29       3,545      3,903
  Hennepin County MN GO 5.000% 12/15/33       7,000      7,491
  Hennepin County MN GO 5.000%  12/1/34       5,180      5,349
  Hennepin County MN GO 5.000% 12/15/37      11,300     11,980
  Hennepin County MN GO 5.000% 12/15/38       6,000      6,348
  Hennepin County MN GO 5.000% 12/15/38       4,250      4,579
  Hennepin County MN GO 5.000%  12/1/41       7,005      7,819
  Mankato Independent School District No. 77 GO 4.000%   2/1/42       7,885      7,838
  Mankato Independent School District No. 77 GO 4.000%   2/1/43       6,470      6,380
  Maple Grove MN Health, Hospital, Nursing Home Revenue 5.000%   5/1/25       1,000      1,003
  Maple Grove MN Health, Hospital, Nursing Home Revenue 5.000%   5/1/26       1,350      1,369
  Maple Grove MN Health, Hospital, Nursing Home Revenue 5.000%   5/1/27       1,400      1,437
  Metropolitan Council GO 4.000%   3/1/41       3,080      3,139
  Metropolitan Council GO 4.000%   3/1/42       1,970      1,983
  Minneapolis MN GO 3.000%  12/1/32          30         29
  Minneapolis MN Health, Hospital, Nursing Home Revenue 4.000% 11/15/36       3,730      3,757
  Minneapolis MN Health, Hospital, Nursing Home Revenue 4.000% 11/15/40       2,000      1,967
  Minneapolis MN Health, Hospital, Nursing Home Revenue PUT 5.000% 11/15/28      19,440     20,567
  Minneapolis MN Health, Hospital, Nursing Home Revenue PUT 5.000% 11/15/30      25,030     26,819
  Minneapolis-St. Paul Metropolitan Airports Commission Port, Airport & Marina Revenue 5.000%   1/1/28      11,745     12,190
  Minneapolis-St. Paul Metropolitan Airports Commission Port, Airport & Marina Revenue 5.000%   1/1/29       5,420      5,613
  Minneapolis-St. Paul Metropolitan Airports Commission Port, Airport & Marina Revenue 5.000%   1/1/29         590        611
  Minneapolis-St. Paul Metropolitan Airports Commission Port, Airport & Marina Revenue 5.000%   1/1/30       5,340      5,528
  Minneapolis-St. Paul Metropolitan Airports Commission Port, Airport & Marina Revenue 5.000%   1/1/30         690        714
  Minneapolis-St. Paul Metropolitan Airports Commission Port, Airport & Marina Revenue 5.000%   1/1/31         555        574
  Minneapolis-St. Paul Metropolitan Airports Commission Port, Airport & Marina Revenue 5.000%   1/1/32       3,970      4,103
  Minneapolis-St. Paul Metropolitan Airports Commission Port, Airport & Marina Revenue 5.000%   1/1/32         635        656
  Minneapolis-St. Paul Metropolitan Airports Commission Port, Airport & Marina Revenue 5.000%   1/1/33         650        671
  Minneapolis-St. Paul Metropolitan Airports Commission Port, Airport & Marina Revenue 5.000%   1/1/34         910        938
  Minneapolis-St. Paul Metropolitan Airports Commission Port, Airport & Marina Revenue 5.000%   1/1/35         875        901
  Minneapolis-St. Paul Metropolitan Airports Commission Port, Airport & Marina Revenue 5.000%   1/1/36         940        967
  Minneapolis-St. Paul Metropolitan Airports Commission Port, Airport & Marina Revenue 5.000%   1/1/37         940        966
  Minnesota (Legislative Office Facility Project) COP 5.000%   6/1/28       3,225      3,245
  Minnesota (Legislative Office Facility Project) COP 5.000%   6/1/29       3,385      3,405
  Minnesota (Legislative Office Facility Project) COP 5.000%   6/1/30       3,405      3,426
  Minnesota (Legislative Office Facility Project) COP 5.000%   6/1/33       3,615      3,627
  Minnesota (Legislative Office Facility Project) COP 5.000%   6/1/34       4,005      4,019
  Minnesota (State Office Building Project) COP 5.000%  11/1/39       8,500      9,485
  Minnesota Agricultural & Economic Development Board Health, Hospital, Nursing Home Revenue 5.000%   1/1/36       2,000      2,251
  Minnesota Agricultural & Economic Development Board Health, Hospital, Nursing Home Revenue 5.000%   1/1/37       1,750      1,958
  Minnesota Agricultural & Economic Development Board Health, Hospital, Nursing Home Revenue 5.000%   1/1/39       1,000      1,103
  Minnesota Agricultural & Economic Development Board Health, Hospital, Nursing Home Revenue 5.000%   1/1/40       1,800      1,975
  Minnesota Agricultural & Economic Development Board Health, Hospital, Nursing Home Revenue 5.000%   1/1/41       1,000      1,092
  Minnesota Agricultural & Economic Development Board Health, Hospital, Nursing Home Revenue 5.000%   1/1/42       2,335      2,534
  Minnesota Agricultural & Economic Development Board Health, Hospital, Nursing Home Revenue 5.000%   1/1/43       3,515      3,786
  Minnesota GO 5.000%   8/1/26      13,000     13,444
  Minnesota GO 5.000%   8/1/27      12,790     13,501
  Minnesota GO 5.000%   8/1/28      13,105     14,097
  Minnesota GO 5.000%   8/1/28      19,210     20,664
  Minnesota GO 5.000%   8/1/29       9,550     10,455
  Minnesota GO 5.000%   8/1/29      21,800     23,865
  Minnesota GO 5.000%   8/1/29       4,405      4,822
  Minnesota GO 5.000%   8/1/34      10,000     10,277
  Minnesota GO 5.000%   8/1/35       9,535      9,790
  Minnesota GO 5.000%  10/1/37       5,000      5,225
  Minnesota GO 5.000%   8/1/40      10,610     11,761
  Minnesota Higher Education Facilities Authority College & University Revenue 5.000%  10/1/26       1,030      1,047
  Minnesota Higher Education Facilities Authority College & University Revenue 5.000%  10/1/27       1,080      1,093
  Minnesota Higher Education Facilities Authority College & University Revenue 5.000%  10/1/27         200        209
  Minnesota Higher Education Facilities Authority College & University Revenue 5.000%  10/1/28       1,135      1,148
  Minnesota Higher Education Facilities Authority College & University Revenue 5.000%  10/1/28         570        604
  Minnesota Higher Education Facilities Authority College & University Revenue 5.000%  10/1/29       1,195      1,207
  Minnesota Higher Education Facilities Authority College & University Revenue 5.000%  10/1/29         420        451
  Minnesota Higher Education Facilities Authority College & University Revenue 5.000%  10/1/30       1,250      1,262
  Minnesota Higher Education Facilities Authority College & University Revenue 5.000%  10/1/31       1,310      1,321
  Minnesota Higher Education Facilities Authority College & University Revenue 5.000%  10/1/32       1,380      1,389
  Minnesota Higher Education Facilities Authority College & University Revenue 5.000%  10/1/33       1,445      1,453
  Minnesota Higher Education Facilities Authority College & University Revenue 5.000%  10/1/33         650        694
  Minnesota Higher Education Facilities Authority College & University Revenue 5.000%  10/1/34       1,520      1,527
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Minnesota Higher Education Facilities Authority College & University Revenue 5.000%  10/1/34         300        319
  Minnesota Higher Education Facilities Authority College & University Revenue 5.000%  10/1/35         650        689
  Minnesota Higher Education Facilities Authority College & University Revenue 5.000%  10/1/40       2,005      2,176
  Minnesota Higher Education Facilities Authority College & University Revenue 5.000%  10/1/41       2,210      2,388
  Minnesota Higher Education Facilities Authority College & University Revenue 5.000%  10/1/42       1,725      1,855
  Minnesota Higher Education Facilities Authority College & University Revenue 5.000%  10/1/43       2,650      2,837
  Minnesota Higher Education Facilities Authority College & University Revenue 5.000%  10/1/44       2,690      2,868
  Minnesota Higher Education Facilities Authority College & University Revenue PUT 5.000%  10/1/27       1,625      1,684
  Minnesota Higher Education Facilities Authority College & University Revenue PUT 5.000%  10/1/29       2,165      2,307
  Minnesota Housing Finance Agency Appropriations Revenue 4.000%   8/1/33       3,230      3,338
  Minnesota Housing Finance Agency Appropriations Revenue 4.000%   8/1/33       1,235      1,276
  Minnesota Housing Finance Agency Appropriations Revenue 4.000%   8/1/34       3,360      3,466
  Minnesota Housing Finance Agency Appropriations Revenue 4.000%   8/1/35       3,500      3,581
  Minnesota Housing Finance Agency Appropriations Revenue 4.000%   8/1/36       2,215      2,257
  Minnesota Housing Finance Agency Appropriations Revenue 4.000%   8/1/37       3,705      3,755
  Minnesota Housing Finance Agency Appropriations Revenue 4.000%   8/1/37       2,305      2,336
  Minnesota Housing Finance Agency Local or Guaranteed Housing Revenue 2.450%   1/1/31         195        179
  Minnesota Housing Finance Agency Local or Guaranteed Housing Revenue 2.550%   7/1/31         150        139
  Minnesota Housing Finance Agency Local or Guaranteed Housing Revenue 2.600%   1/1/32         185        168
  Minnesota Housing Finance Agency Local or Guaranteed Housing Revenue 2.600%   7/1/32         255        230
  Minnesota Housing Finance Agency Local or Guaranteed Housing Revenue 2.650%   1/1/33         185        167
  Minnesota Housing Finance Agency Local or Guaranteed Housing Revenue 2.700%   7/1/33         190        171
  Minnesota Housing Finance Agency Local or Guaranteed Housing Revenue 2.500%   1/1/34         410        354
  Minnesota Housing Finance Agency Local or Guaranteed Housing Revenue 2.750%   1/1/34         260        233
  Minnesota Housing Finance Agency Local or Guaranteed Housing Revenue 2.550%   7/1/34         335        289
  Minnesota Housing Finance Agency Local or Guaranteed Housing Revenue 2.750%   7/1/34         775        690
  Minnesota Housing Finance Agency Local or Guaranteed Housing Revenue 3.000%   7/1/43       4,745      3,785
  Minnesota Housing Finance Agency Local or Guaranteed Housing Revenue 2.800%   1/1/44         525        399
  Minnesota Housing Finance Agency Local or Guaranteed Housing Revenue 2.800%  12/1/47      13,883     11,454
  Minnesota Housing Finance Agency Local or Guaranteed Housing Revenue 4.000%   1/1/48       2,815      2,823
  Minnesota Housing Finance Agency Local or Guaranteed Housing Revenue 3.500%   7/1/50       2,706      2,686
  Minnesota Housing Finance Agency Local or Guaranteed Housing Revenue 3.000%   7/1/52      11,730     11,457
  Minnesota Housing Finance Agency Local or Guaranteed Housing Revenue 3.500%   7/1/52       9,180      9,087
  Minnesota Housing Finance Agency Local or Guaranteed Housing Revenue 5.500%   7/1/53       8,600      9,062
  Minnesota Housing Finance Agency Local or Guaranteed Housing Revenue 6.000%   7/1/53       4,130      4,451
  Minnesota Housing Finance Agency Local or Guaranteed Housing Revenue 6.250%   1/1/55       2,655      2,976
  Minnesota Housing Finance Agency Local or Guaranteed Housing Revenue 6.500%   1/1/55      11,190     12,665
  Minnesota Municipal Gas Agency Natural Gas Revenue PUT 4.000%  12/1/27      30,160     30,539
2 Minnesota Municipal Gas Agency Natural Gas Revenue, 67% of SOFR + 1.000% 3.915%  12/1/52      17,000     17,080
  Minnesota Public Facilities Authority State Revolving Fund Water Revenue 5.000%   3/1/27      14,595     15,277
  Minnesota Public Facilities Authority State Revolving Fund Water Revenue 5.000%   3/1/27      11,620     12,163
  Moorhead Independent School District No. 152 GO 2.625%   2/1/39      10,025      8,224
  Moorhead Independent School District No. 152 GO 3.000%   2/1/42       2,990      2,569
  Moorhead MN Public Utility Electric Power & Light Revenue 4.000%  11/1/42       1,350      1,348
  Osseo Independent School District No. 279 GO 5.000%   2/1/27       1,350      1,411
  Osseo Independent School District No. 279 GO 4.000%   2/1/38      27,755     28,246
  Osseo Independent School District No. 279 GO 4.000%   2/1/42       6,220      6,190
  Rosemount-Apple Valley-Eagan Independent School District No. 196 GO 4.000%   2/1/37      19,000     19,700
  Rosemount-Apple Valley-Eagan Independent School District No. 196 GO 4.000%   2/1/39      20,750     21,045
  Rosemount-Apple Valley-Eagan Independent School District No. 196 GO 4.000%   2/1/40      21,250     21,429
  Rosemount-Apple Valley-Eagan Independent School District No. 196 GO 4.000%   2/1/41      17,400     17,452
  Rosemount-Apple Valley-Eagan Independent School District No. 196 GO 4.000%   2/1/43      18,500     18,266
  South Washington County MN Independent School District No. 833 GO 4.000%   2/1/30       9,640      9,729
  South Washington County MN Independent School District No. 833 GO 4.000%   2/1/41       6,185      6,196
  South Washington County MN Independent School District No. 833 GO 4.000%   2/1/42       7,290      7,255
  St. Cloud MN Health, Hospital, Nursing Home Revenue 5.000%   5/1/33         765        855
  St. Cloud MN Health, Hospital, Nursing Home Revenue 5.000%   5/1/34         750        844
  St. Cloud MN Health, Hospital, Nursing Home Revenue 5.000%   5/1/38       2,265      2,514
  St. Cloud MN Health, Hospital, Nursing Home Revenue 5.000%   5/1/39       2,000      2,202
  St. Cloud MN Health, Hospital, Nursing Home Revenue 5.000%   5/1/40       5,000      5,470
  St. Paul Minnesota Housing & Redevelopment Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/28         805        832
  St. Paul Minnesota Housing & Redevelopment Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/29         780        805
  St. Paul Minnesota Housing & Redevelopment Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/31       1,970      2,025
  St. Paul Minnesota Housing & Redevelopment Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/34       1,105      1,131
  St. Paul Minnesota Housing & Redevelopment Authority Health, Hospital, Nursing Home Revenue 4.000% 11/15/35       1,245      1,214
  St. Paul Minnesota Housing & Redevelopment Authority Health, Hospital, Nursing Home Revenue 4.000% 11/15/36       1,500      1,459
  St. Paul Minnesota Housing & Redevelopment Authority Health, Hospital, Nursing Home Revenue 4.000% 11/15/37       1,500      1,438
  Stillwater Independent School District No. 834 GO 5.000%   2/1/26       7,565      7,732
  University of Minnesota College & University Revenue 5.000%   9/1/39       1,120      1,155
  Virginia Independent School District No. 706 GO 3.000%   2/1/32       7,345      7,104
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Virginia Independent School District No. 706 GO 3.000%   2/1/34       3,900      3,688
  Virginia Independent School District No. 706 GO 3.000%   2/1/35       4,000      3,743
  West St. Paul-Mendota Heights-Eagan Independent School District No. 197 GO 4.000%   2/1/28       3,795      3,860
  Western Minnesota Municipal Power Agency Electric Power & Light Revenue (Red Rock Hydroelectric Project) 5.000%   1/1/26       1,050      1,071
  Western Minnesota Municipal Power Agency Electric Power & Light Revenue (Red Rock Hydroelectric Project) 5.000%   1/1/27       1,660      1,728
  Westonka Independent School District No. 277 GO 4.000%   2/1/42       2,595      2,580
  Westonka Independent School District No. 277 GO 4.000%   2/1/43         910        898
  White Bear Lake Independent School District No. 624 GO 3.000%   2/1/33       7,465      7,231
                                     791,247
Mississippi (0.4%)
  Gulfport MS Health, Hospital, Nursing Home Revenue 5.000%   7/1/28       3,665      3,704
  Lowndes County MS Industrial Revenue PUT 2.650%   4/1/27      11,095     10,904
  Medical Center Educational Building Corp. Health, Hospital, Nursing Home Revenue 4.000%   6/1/32       5,480      5,542
  Medical Center Educational Building Corp. Health, Hospital, Nursing Home Revenue 4.000%   6/1/33       3,785      3,823
  Medical Center Educational Building Corp. Health, Hospital, Nursing Home Revenue 4.000%   6/1/34       4,880      4,923
  Mississippi Development Bank Indirect Special Obligation Revenue (Rankin County School District Board Project) 5.000%   6/1/28       1,530      1,587
  Mississippi Development Bank Indirect Special Obligation Revenue (Rankin County School District Board Project) 5.000%   6/1/29       1,395      1,446
  Mississippi Development Bank Indirect Special Obligation Revenue (Rankin County School District Board Project) 5.000%   6/1/31       1,165      1,206
  Mississippi Development Bank Indirect Special Obligation Revenue (Rankin County School District Board Project) 4.000%   6/1/32       2,070      2,090
  Mississippi Development Bank Indirect Special Obligation Revenue (Rankin County School District Board Project) 4.000%   6/1/33       1,500      1,511
  Mississippi Development Bank Intergovernmental Agreement Revenue (Desoto County Mississippi Highway Refunding Project) 5.000%   1/1/29       5,545      5,963
  Mississippi Development Bank Intergovernmental Agreement Revenue (Desoto County Mississippi Highway Refunding Project) 5.000%   1/1/30       4,090      4,460
  Mississippi Development Bank Intergovernmental Agreement Revenue (Desoto County Mississippi Highway Refunding Project) 5.000%   1/1/31       2,590      2,859
  Mississippi Development Bank Intergovernmental Agreement Revenue (Desoto County Mississippi Highway Refunding Project) 5.000%   1/1/32      11,500     12,809
  Mississippi Development Bank Special Obligation Revenue 5.000%   1/1/26       6,045      6,165
  Mississippi Development Bank Special Obligation Revenue 5.000%   1/1/27       7,985      8,300
  Mississippi Development Bank Special Obligation Revenue 5.000%   1/1/28       2,315      2,447
  Mississippi Development Bank Special Obligation Revenue 5.000%   1/1/31       2,890      3,190
4 Mississippi Development Bank Special Obligation Revenue 4.000%  10/1/41       1,000        816
  Mississippi Development Bank Special Obligation Revenue (Harrison County, Mississippi Highway Refunding Project) 5.000%   1/1/29       3,000      3,226
  Mississippi Development Bank Special Obligation Revenue (Harrison County, Mississippi Highway Refunding Project) 5.000%   1/1/30       3,000      3,271
  Mississippi Development Bank Special Obligation Revenue (Harrison County, Mississippi Highway Refunding Project) 5.000%   1/1/31       5,000      5,519
  Mississippi Development Bank Special Obligation Revenue (Harrison County, Mississippi Highway Refunding Project) 5.000%   1/1/32      10,000     11,139
  Mississippi Development Bank Special Obligation Revenue (Jackson Public School District Project) 5.000%   4/1/26       6,045      6,177
  Mississippi Development Bank Special Obligation Revenue (Jackson Public School District Project) 5.000%   4/1/27       4,745      4,837
  Mississippi Development Bank Special Obligation Revenue (Jackson Public School District Project) 5.000%   6/1/28         775        826
  Mississippi Development Bank Special Obligation Revenue (Jackson Public School District Project) 5.000%   6/1/31       1,000      1,068
  Mississippi Development Bank Special Obligation Revenue (Jackson Public School District Project) 5.000%   6/1/32       1,500      1,595
  Mississippi Development Bank Special Obligation Revenue (Jackson Public School District Project) 5.000%   6/1/33       1,710      1,815
  Mississippi Development Bank Special Obligation Revenue (Jackson Public School District Project) 5.000%   6/1/34         870        921
  Mississippi Development Bank Special Obligation Revenue (Jackson Public School District Project) 5.000%   6/1/35       1,380      1,456
  Mississippi Development Bank Special Obligation Revenue (Jackson Public School District Project) 5.000%   6/1/36       1,000      1,053
  Mississippi Development Bank Special Obligation Revenue (Jackson Public School District Project) 5.000%   6/1/37         665        698
  Mississippi Gaming Tax Miscellaneous Taxes Revenue 5.000% 10/15/27       2,085      2,184
  Mississippi Gaming Tax Miscellaneous Taxes Revenue 5.000% 10/15/28       1,540      1,636
  Mississippi Gaming Tax Miscellaneous Taxes Revenue 5.000% 10/15/29       3,375      3,577
  Mississippi Gaming Tax Miscellaneous Taxes Revenue 5.000% 10/15/30       5,515      5,830
  Mississippi Gaming Tax Miscellaneous Taxes Revenue 5.000% 10/15/31       5,420      5,711
  Mississippi Gaming Tax Miscellaneous Taxes Revenue 5.000% 10/15/33       1,000      1,047
  Mississippi Gaming Tax Miscellaneous Taxes Revenue 5.000% 10/15/34       4,165      4,354
  Mississippi Gaming Tax Miscellaneous Taxes Revenue 5.000% 10/15/35       3,000      3,130
  Mississippi Gaming Tax Miscellaneous Taxes Revenue 5.000% 10/15/36      10,500     10,935
  Mississippi Gaming Tax Miscellaneous Taxes Revenue 5.000% 10/15/37      11,130     11,561
  Mississippi Gaming Tax Miscellaneous Taxes Revenue 4.000% 10/15/38      11,690     11,643
  Mississippi GO 5.000%  10/1/29      15,080     15,874
  Mississippi GO 4.000%  12/1/32          10         10
  Mississippi GO 4.000%  10/1/36       4,000      4,021
  Mississippi GO 4.000%  10/1/38       2,000      2,006
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Mississippi GO, Prere. 5.000%  11/1/26       1,250      1,298
  Mississippi GO, Prere. 5.000%  11/1/26       2,750      2,856
  Mississippi GO, Prere. 5.000%  11/1/26       3,635      3,774
  Mississippi GO, Prere. 5.000%  11/1/26       4,000      4,153
  Mississippi Home Corp. Local or Guaranteed Housing Revenue 4.050%  12/1/39       9,335      9,345
  Mississippi Home Corp. Local or Guaranteed Housing Revenue 3.000%  12/1/50       2,205      2,162
  Mississippi Hospital Equipment & Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/28       1,000      1,052
  Mississippi Hospital Equipment & Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/33         800        848
  Mississippi Hospital Equipment & Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/34         800        846
  Mississippi Hospital Equipment & Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/35         745        784
  Mississippi Hospital Equipment & Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/36         745        780
  Mississippi Hospital Equipment & Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/37       1,000      1,043
  Mississippi Hospital Equipment & Facilities Authority Health, Hospital, Nursing Home Revenue (Forrest County General Hospital Project) 5.000%   1/1/27       1,200      1,233
  Mississippi Hospital Equipment & Facilities Authority Health, Hospital, Nursing Home Revenue (Forrest County General Hospital Project) 5.000%   1/1/28       3,495      3,639
  Mississippi Hospital Equipment & Facilities Authority Health, Hospital, Nursing Home Revenue (Forrest County General Hospital Project) 5.000%   1/1/29       1,360      1,432
  Mississippi Hospital Equipment & Facilities Authority Health, Hospital, Nursing Home Revenue (Forrest County General Hospital Project) 5.000%   1/1/29       1,150      1,211
  Mississippi Hospital Equipment & Facilities Authority Health, Hospital, Nursing Home Revenue (Forrest County General Hospital Project) 5.000%   1/1/31       2,215      2,350
  Mississippi Hospital Equipment & Facilities Authority Health, Hospital, Nursing Home Revenue (Forrest County General Hospital Project) 5.000%   1/1/32       1,750      1,853
  Mississippi Hospital Equipment & Facilities Authority Health, Hospital, Nursing Home Revenue (Forrest County General Hospital Project) 5.000%   1/1/33       1,750      1,850
  Mississippi Hospital Equipment & Facilities Authority Health, Hospital, Nursing Home Revenue (Forrest County General Hospital Project) 5.000%   1/1/34       1,600      1,687
  Mississippi State University Educational Building Corp. College & University Revenue 4.000%   8/1/33         875        882
  Mississippi State University Educational Building Corp. College & University Revenue 4.000%   8/1/35       2,010      2,017
  Mississippi State University Educational Building Corp. College & University Revenue 4.000%   8/1/36       1,100      1,102
  Mississippi Tobacco & Liquor Taxes Revenue 5.000%  10/1/32         260        293
  Mississippi Tobacco & Liquor Taxes Revenue 5.000%  10/1/34         300        343
  Mississippi Tobacco & Liquor Taxes Revenue 5.000%  10/1/35         375        425
  Mississippi Tobacco & Liquor Taxes Revenue 5.000%  10/1/36         500        564
  Mississippi Tobacco & Liquor Taxes Revenue 5.000%  10/1/37         750        841
  Mississippi Tobacco & Liquor Taxes Revenue 5.000%  10/1/38         750        835
  Mississippi Tobacco & Liquor Taxes Revenue 5.000%  10/1/39         800        887
  Mississippi Tobacco & Liquor Taxes Revenue 5.000%  10/1/40       1,000      1,101
  Mississippi Tobacco & Liquor Taxes Revenue 5.000%  10/1/42       1,150      1,247
  Mississippi Tobacco & Liquor Taxes Revenue 5.000%  10/1/43       1,250      1,347
  Mississippi Tobacco & Liquor Taxes Revenue 5.000%  10/1/44         750        805
  Mississippi Tobacco & Liquor Taxes Revenue 4.000%  10/1/45       1,200      1,156
  University of Southern Mississippi College & University Revenue (Facilities Refinancing Project) 5.000%   9/1/33       1,500      1,550
  University of Southern Mississippi College & University Revenue (Facilities Refinancing Project) 4.000%   3/1/35       2,565      2,584
  University of Southern Mississippi College & University Revenue (Facilities Refinancing Project) 4.000%   3/1/36       1,540      1,546
  University of Southern Mississippi College & University Revenue (Facilities Refinancing Project) 4.000%   3/1/37       1,740      1,744
  University of Southern Mississippi College & University Revenue (Facilities Refinancing Project) 4.000%   3/1/38       3,220      3,220
                                     279,550
Missouri (0.9%)
  Bi-State Development Agency of the Missouri-Illinois Metropolitan District Appropriations Revenue 4.000%  10/1/35      10,010     10,176
  Bi-State Development Agency of the Missouri-Illinois Metropolitan District Appropriations Revenue 4.000%  10/1/36       5,925      6,017
  Bi-State Development Agency of the Missouri-Illinois Metropolitan District Appropriations Revenue 4.000%  10/1/38       9,810      9,882
  Bi-State Development Agency of the Missouri-Illinois Metropolitan District Appropriations Revenue 4.000%  10/1/39       5,315      5,343
  Branson IDA Tax Increment/Allocation Revenue 4.000%  11/1/25       1,000        999
  Branson IDA Tax Increment/Allocation Revenue 4.000%  11/1/26         750        746
  Cape Girardeau County IDA Health, Hospital, Nursing Home Revenue 5.000%   3/1/26       2,000      2,041
  Cape Girardeau County IDA Health, Hospital, Nursing Home Revenue 5.000%   3/1/27       1,000      1,039
  Cape Girardeau County IDA Health, Hospital, Nursing Home Revenue 5.000%   3/1/28       1,400      1,447
  Cape Girardeau County IDA Health, Hospital, Nursing Home Revenue 5.000%   3/1/30       1,540      1,590
  Cape Girardeau County IDA Health, Hospital, Nursing Home Revenue 5.000%   3/1/31       1,070      1,104
  Cape Girardeau County IDA Health, Hospital, Nursing Home Revenue 5.000%   3/1/32         750        773
  Cape Girardeau County IDA Health, Hospital, Nursing Home Revenue 5.000%   6/1/32       5,115      5,629
  Cape Girardeau County IDA Health, Hospital, Nursing Home Revenue 5.000%   6/1/35       1,540      1,671
  Cape Girardeau County IDA Health, Hospital, Nursing Home Revenue 4.000%   6/1/36       1,620      1,645
  Center MO School District No. 58 GO 4.000%   3/1/32       3,350      3,400
  Center MO School District No. 58 GO 4.000%   3/1/33       2,330      2,360
  Center MO School District No. 58 GO 4.000%   3/1/34       3,630      3,669
  Independence MO School District GO 3.250%   3/1/40       1,850      1,711
  Independence MO School District GO 3.250%   3/1/41       2,650      2,421
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Jackson County MO Reorganized School District No. 7 GO 3.000%   3/1/40       3,500      3,000
  Jackson County MO Special Obligation Revenue (Truman Sports Complex Project) 5.000%  12/1/26       7,830      7,842
  Jackson County MO Special Obligation Revenue (Truman Sports Complex Project) 5.000%  12/1/27      12,745     12,766
  Jackson County MO Special Obligation Revenue (Truman Sports Complex Project) 5.000%  12/1/29      13,640     13,659
  Jackson County MO Special Obligation Revenue (Truman Sports Complex Project) 5.000%  12/1/30      14,425     14,443
  Jackson County MO Special Obligation Revenue (Truman Sports Complex Project) 5.000%  12/1/31       6,765      6,772
  Jackson County School District No. R-IV Blue Springs (MO Direct Deposit Program) GO 5.500%   3/1/37       1,765      1,910
  Jackson County School District No. R-IV Blue Springs (MO Direct Deposit Program) GO 6.000%   3/1/38       1,500      1,673
  Jackson County School District No. R-IV Blue Springs GO 5.500%   3/1/42       3,125      3,553
  Jackson County School District No. R-IV Blue Springs GO 5.500%   3/1/43       3,700      4,188
  Jackson County School District No. R-IV Blue Springs GO 5.500%   3/1/44       2,280      2,571
  Jefferson County MO Consolidated School District No. 6 GO 3.000%   3/1/35         300        280
  Jefferson County MO Consolidated School District No. 6 GO 3.000%   3/1/37         600        547
  Kansas City IDA Local or Guaranteed Housing Revenue 4.390%   9/1/42       3,991      3,963
  Kansas City MO GO 4.000%   2/1/25         575        575
  Kansas City MO GO 5.000%   2/1/29         750        810
  Kansas City MO GO 5.000%   2/1/30         800        878
  Kansas City MO GO 4.000%   2/1/43       7,300      7,126
  Kansas City MO GO 4.000%   2/1/43       1,350      1,319
  Kansas City MO GO 4.000%   2/1/44       1,725      1,673
  Kansas City MO Sanitary Sewer System Sewer Revenue 5.000%   1/1/29       2,025      2,144
  Kansas City MO Sanitary Sewer System Sewer Revenue 4.000%   1/1/30       1,190      1,191
  Kansas City MO Sanitary Sewer System Sewer Revenue 4.000%   1/1/31       1,740      1,741
  Kansas City MO Sanitary Sewer System Sewer Revenue 5.000%   1/1/31       1,510      1,593
  Kansas City MO Sanitary Sewer System Sewer Revenue 5.000%   1/1/33       2,020      2,123
  Kansas City MO Sanitary Sewer System Sewer Revenue 3.000%   1/1/37       2,500      2,299
  Kansas City MO Sanitary Sewer System Sewer Revenue 5.000%   1/1/38         500        563
  Kansas City MO Sanitary Sewer System Sewer Revenue 5.000%   1/1/39         675        752
  Kansas City MO Sanitary Sewer System Sewer Revenue 5.000%   1/1/40       1,875      2,073
  Kansas City MO Sanitary Sewer System Sewer Revenue 5.000%   1/1/41       1,310      1,437
  Kansas City MO Sanitary Sewer System Sewer Revenue 5.000%   1/1/44       1,000      1,082
  Kansas City MO Special Obligation Revenue (Downtown Arena Project) 5.000%   4/1/32       7,225      7,245
  Kansas City MO Special Obligation Revenue (Downtown Arena Project) 4.000%   4/1/35       2,015      2,016
  Kansas City MO Special Obligation Revenue (Main StreetCar Extension Program) 5.000%   9/1/32       1,300      1,452
  Kansas City MO Special Obligation Revenue (Main StreetCar Extension Program) 5.000%   9/1/33       1,645      1,831
  Kansas City MO Special Obligation Revenue (Main StreetCar Extension Program) 5.000%   9/1/38       1,655      1,801
  Kansas City MO Water Revenue 5.000%  12/1/38         785        880
  Kansas City MO Water Revenue 5.000%  12/1/39         625        697
  Kansas City MO Water Revenue 5.000%  12/1/41       1,200      1,321
  Kansas City MO Water Revenue 5.000%  12/1/42       1,895      2,075
  Kansas City MO Water Revenue 5.000%  12/1/43       1,000      1,088
  Kansas City Planned Industrial Expansion Authority Local or Guaranteed Housing Revenue PUT 5.000%   7/1/27       1,855      1,912
  Kansas MO Special Obligation Revenue (Kansas City Projects) 5.000%   4/1/37       2,000      2,148
  Kansas MO Special Obligation Revenue (Kansas City Projects) 5.000%   4/1/38       3,355      3,583
  Kansas MO Special Obligation Revenue (Kansas City Projects) 5.000%   4/1/39       2,150      2,283
  Kansas MO Special Obligation Revenue (Kansas City Projects) 5.000%   4/1/40       1,250      1,321
  Kansas MO Special Obligation Revenue (Kansas City Projects) 5.000%   4/1/41       2,025      2,126
  Lees Summit IDA Health, Hospital, Nursing Home Revenue (John Knox Village Project) 5.000%  8/15/26       4,090      4,097
  Liberty Public School District No. 53 GO 5.000%   3/1/40       2,300      2,470
  Little Blue Valley Sewer District Sewer Revenue 3.000%   9/1/33       5,500      5,205
  Little Blue Valley Sewer District Sewer Revenue 3.000%   9/1/35       3,705      3,435
  Metropolitan St. Louis Sewer District Sewer Revenue 5.000%   5/1/29       1,410      1,474
  Metropolitan St. Louis Sewer District Sewer Revenue 5.000%   5/1/34       3,050      3,064
  Metropolitan St. Louis Sewer District Sewer Revenue 5.000%   5/1/35       2,000      2,009
  Metropolitan St. Louis Sewer District Sewer Revenue 5.000%   5/1/35       4,690      4,858
  Metropolitan St. Louis Sewer District Sewer Revenue 5.000%   5/1/36       3,000      3,014
  Metropolitan St. Louis Sewer District Sewer Revenue 5.000%   5/1/36       2,415      2,498
  Metropolitan St. Louis Sewer District Sewer Revenue 5.000%   5/1/37       5,000      5,023
  Metropolitan St. Louis Sewer District Sewer Revenue 5.000%   5/1/38       4,135      4,465
  Missouri Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  5/15/26       1,055      1,081
  Missouri Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/26       2,045      2,046
  Missouri Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/27       1,820      1,906
  Missouri Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/28       1,000      1,001
  Missouri Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/29       3,915      4,012
  Missouri Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/29       1,995      2,136
  Missouri Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  2/15/30       2,105      2,238
  Missouri Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/30       1,355      1,446
  Missouri Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  2/15/31       1,425      1,511
  Missouri Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  2/15/32       1,225      1,294
  Missouri Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/32       2,360      2,624
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Missouri Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/32       1,500      1,585
  Missouri Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 4.000% 11/15/33       6,840      6,857
  Missouri Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%   7/1/34       3,790      3,927
  Missouri Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/34      29,000     29,028
  Missouri Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  2/15/35         500        522
  Missouri Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%  12/1/35       5,305      5,371
  Missouri Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  2/15/36         450        468
  Missouri Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  5/15/36       2,615      2,657
  Missouri Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 4.000% 11/15/36       1,800      1,804
  Missouri Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/36       6,550      6,837
  Missouri Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%  2/15/37         520        524
  Missouri Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 4.000% 11/15/37       2,500      2,500
  Missouri Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%  12/1/37       5,325      5,364
  Missouri Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%  2/15/38         855        858
  Missouri Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 3.000%   7/1/38       2,000      1,744
  Missouri Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%  2/15/39         600        600
  Missouri Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%  2/15/39       1,980      1,826
  Missouri Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%   7/1/40       2,565      2,574
  Missouri Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 3.000%   7/1/41       3,400      2,850
  Missouri Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.500%  12/1/42       3,000      3,344
  Missouri Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.500%  12/1/43       4,200      4,656
  Missouri Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.500%  12/1/44       5,000      5,515
  Missouri Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue (Lutheran Senior Services Project) 5.000%   2/1/25         990        990
  Missouri Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue (Lutheran Senior Services Project) 5.000%   2/1/26       1,150      1,167
  Missouri Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue (Lutheran Senior Services Project) 5.000%   2/1/28       1,000      1,010
  Missouri Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue (Lutheran Senior Services Project) 5.000%   2/1/29       1,150      1,161
  Missouri Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue (Lutheran Senior Services Project) 5.000%   2/1/30         510        514
  Missouri Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue (Lutheran Senior Services Project) 5.000%   2/1/31       1,350      1,362
  Missouri Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue (Lutheran Senior Services Project) 5.000%   2/1/31       1,165      1,245
  Missouri Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue (Lutheran Senior Services Project) 5.000%   2/1/32         500        504
  Missouri Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue (Lutheran Senior Services Project) 5.000%   2/1/32         795        855
  Missouri Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue (Lutheran Senior Services Project) 5.000%   2/1/33         550        554
  Missouri Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue (Lutheran Senior Services Projects) 5.000%   2/1/31         400        428
  Missouri Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue (Lutheran Senior Services Projects) 5.000%   2/1/32       1,265      1,361
  Missouri Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue (Lutheran Senior Services Projects) 5.000%   2/1/33       1,290      1,395
  Missouri Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue (Lutheran Senior Services Projects) 5.000%   2/1/34       3,560      3,866
  Missouri Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue (Lutheran Senior Services Projects) 5.000%   2/1/36       3,945      4,241
  Missouri Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue (Lutheran Senior Services Projects) 5.000%   2/1/42      15,855     16,558
  Missouri Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue PUT 5.000%   5/1/28      15,971     16,838
  Missouri Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue PUT 5.000%   6/1/28       6,920      7,271
  Missouri Highway & Transportation Commission Appropriations Revenue (State Appropriations Mega Project) 5.000%   5/1/26      35,000     35,979
  Missouri Housing Development Commission Local or Guaranteed Housing Revenue 3.250%  11/1/47         490        398
  Missouri Housing Development Commission Local or Guaranteed Housing Revenue (Home Ownership Loan Program) 3.500%  11/1/50       2,645      2,627
  Missouri Housing Development Commission Local or Guaranteed Housing Revenue (Home Ownership Loan Program) 3.250%   5/1/51       1,220      1,203
  Missouri Housing Development Commission Local or Guaranteed Housing Revenue (Home Ownership Loan Program) 3.500%   5/1/52      10,300     10,213
  Missouri Housing Development Commission Local or Guaranteed Housing Revenue (Home Ownership Loan Program) 5.000%   5/1/53       3,660      3,785
  Missouri Housing Development Commission Local or Guaranteed Housing Revenue (Home Ownership Loan Program) 5.750%   5/1/53       2,865      3,040
  Missouri Joint Municipal Electric Utility Commission Electric Power & Light Revenue 5.250%  12/1/37         665        733
  Missouri Joint Municipal Electric Utility Commission Electric Power & Light Revenue 5.250%  12/1/38         415        454
  Missouri Joint Municipal Electric Utility Commission Electric Power & Light Revenue 5.250%  12/1/39         910        991
  Missouri Joint Municipal Electric Utility Commission Electric Power & Light Revenue 5.250%  12/1/40         515        556
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Missouri Joint Municipal Electric Utility Commission Electric Power & Light Revenue 5.250%  12/1/41         660        708
  Missouri Joint Municipal Electric Utility Commission Electric Power & Light Revenue 5.250%  12/1/42         615        658
  Missouri Joint Municipal Electric Utility Commission Electric Power & Light Revenue (Iatan 2 Project) 5.000%  12/1/34      10,590     10,646
  Missouri Joint Municipal Electric Utility Commission Electric Power & Light Revenue (Iatan 2 Project) 5.000%  12/1/35       8,000      8,041
  Missouri Joint Municipal Electric Utility Commission Electric Power & Light Revenue (Missouri Solar Power Project) 5.250%   5/1/43       2,995      3,271
  Missouri Joint Municipal Electric Utility Commission Electric Power & Light Revenue (Plum Point Project) 5.000%   1/1/32       1,660      1,838
  Missouri Joint Municipal Electric Utility Commission Electric Power & Light Revenue (Plum Point Project) 5.000%   1/1/33       3,000      3,348
  Missouri Joint Municipal Electric Utility Commission Electric Power & Light Revenue (Plum Point Project) 5.000%   1/1/34       2,425      2,725
  Missouri Joint Municipal Electric Utility Commission Electric Power & Light Revenue (Prairie State Project) 5.000%   6/1/25       1,910      1,922
  Missouri Joint Municipal Electric Utility Commission Electric Power & Light Revenue (Prairie State Project) 5.000%   6/1/28       1,360      1,369
  Missouri Joint Municipal Electric Utility Commission Electric Power & Light Revenue (Prairie State Project) 5.000%  12/1/29       3,500      3,522
  Missouri Joint Municipal Electric Utility Commission Electric Power & Light Revenue (Prairie State Project) 4.000%  12/1/32       5,245      5,274
  Missouri Joint Municipal Electric Utility Commission Electric Power & Light Revenue (Prairie State Project) 5.000%  12/1/34       6,800      6,941
  Missouri Joint Municipal Electric Utility Commission Electric Power & Light Revenue (Prairie State Project) 5.000%  12/1/36      10,000     10,193
  Republic School District No. R-3 GO 4.000%   3/1/40       1,250      1,255
  Republic School District No. R-3 GO 4.000%   3/1/41       1,510      1,505
  Springfield School District No. R-12 GO 4.000%   3/1/41       4,345      4,341
  Springfield School District No. R-12 GO 4.000%   3/1/42       5,390      5,380
  St. Charles County School District No. R-IV Wentzville (Direct Deposit Program) GO 4.000%   3/1/31       5,585      5,690
  St. Charles School District GO 3.000%   3/1/39       3,025      2,649
  St. Charles School District GO 3.000%   3/1/40       2,000      1,714
  St. Charles School District GO 3.000%   3/1/41       1,800      1,516
  St. Louis County IDA Health, Hospital, Nursing Home Revenue 5.000%   9/1/38      10,725     10,809
  St. Louis County IDA Local or Guaranteed Housing Revenue 4.910%   1/1/42       1,500      1,550
  St. Louis County School District C-2 Parkway GO 4.000%   3/1/43       7,155      7,050
  St. Louis MO Airport Port, Airport & Marina Revenue 5.000%   7/1/31       2,500      2,684
  St. Louis MO Airport Port, Airport & Marina Revenue 5.000%   7/1/32       4,060      4,349
  St. Louis MO Airport Port, Airport & Marina Revenue 5.000%   7/1/33       2,700      2,886
3 St. Louis MO Airport Port, Airport & Marina Revenue 5.000%   7/1/33       1,700      1,933
  St. Louis MO Airport Port, Airport & Marina Revenue 5.000%   7/1/34       2,250      2,400
3 St. Louis MO Airport Port, Airport & Marina Revenue 5.000%   7/1/34       1,250      1,433
3 St. Louis MO Airport Port, Airport & Marina Revenue 5.000%   7/1/42       5,570      6,080
3 St. Louis MO Airport Port, Airport & Marina Revenue 5.000%   7/1/43       2,000      2,173
3 St. Louis MO Airport Port, Airport & Marina Revenue 5.000%   7/1/44       2,250      2,436
4,13 St. Louis Municipal Finance Corp. Hotel Occupancy Tax Revenue 0.000%  7/15/25       2,405      2,367
4,13 St. Louis Municipal Finance Corp. Hotel Occupancy Tax Revenue 0.000%  7/15/26       1,155      1,096
4,13 St. Louis Municipal Finance Corp. Hotel Occupancy Tax Revenue 0.000%  7/15/27       4,020      3,677
4,13 St. Louis Municipal Finance Corp. Hotel Occupancy Tax Revenue 0.000%  7/15/28       3,585      3,155
4,13 St. Louis Municipal Finance Corp. Hotel Occupancy Tax Revenue 0.000%  7/15/29       2,680      2,267
4,13 St. Louis Municipal Finance Corp. Hotel Occupancy Tax Revenue 0.000%  7/15/30       3,590      2,917
4,13 St. Louis Municipal Finance Corp. Hotel Occupancy Tax Revenue (Conventional Center Projects) 0.000%  7/15/25       2,080      2,047
4,13 St. Louis Municipal Finance Corp. Hotel Occupancy Tax Revenue (Conventional Center Projects) 0.000%  7/15/26       1,000        949
4,13 St. Louis Municipal Finance Corp. Hotel Occupancy Tax Revenue (Conventional Center Projects) 0.000%  7/15/27       3,475      3,179
4,13 St. Louis Municipal Finance Corp. Hotel Occupancy Tax Revenue (Conventional Center Projects) 0.000%  7/15/28       3,100      2,729
4,13 St. Louis Municipal Finance Corp. Hotel Occupancy Tax Revenue (Conventional Center Projects) 0.000%  7/15/29       2,320      1,963
4,13 St. Louis Municipal Finance Corp. Hotel Occupancy Tax Revenue (Conventional Center Projects) 0.000%  7/15/30       3,105      2,523
3 St. Louis Municipal Finance Corp. Lease (Appropriation) Revenue (Convention Center Capital Improvement Project) 0.000%  7/15/33       2,000      1,433
3 St. Louis Municipal Finance Corp. Lease (Appropriation) Revenue (Convention Center Capital Improvement Project) 5.000%  10/1/40       2,250      2,360
  St. Louis School District (Direct Deposit Program) GO 4.000%   4/1/26       2,550      2,579
  St. Louis School District (Direct Deposit Program) GO 4.000%   4/1/29       4,200      4,237
  St. Louis School District (Direct Deposit Program) GO, Prere. 4.000%   4/1/26       4,835      4,899
3 St. Louis School District GO 5.000%   4/1/38       2,000      2,179
3 St. Louis School District GO 5.000%   4/1/39       6,725      7,265
3 St. Louis School District GO 5.000%   4/1/40       7,130      7,658
  Union R-XI School District GO 4.000%   3/1/34       1,290      1,307
  University City MO School District (Direct Deposit Program) GO 0.000%  2/15/33       2,850      2,116
  University of Missouri of Curators College & University Revenue 5.000%  11/1/30      20,975     23,404
  University of Missouri of Curators College & University Revenue 5.000%  11/1/30       3,000      3,346
  University of Missouri of Curators College & University Revenue 5.000%  11/1/31       2,000      2,260
  University of Missouri of Curators College & University Revenue 5.000%  11/1/32       2,305      2,632
  University of Missouri of Curators College & University Revenue 5.000%  11/1/33       2,500      2,884
  University of Missouri of Curators College & University Revenue 5.000%  11/1/34      11,445     13,324
                                     722,646
Montana (0.1%)
  Forsyth MT Electric Power & Light Revenue (Avista Corp. Colstrip Project) 3.875%  10/1/32      13,650     13,650
  Forsyth MT Electric Power & Light Revenue (Avista Corp. Colstrip Project) 3.875%   3/1/34       3,750      3,716
  Forsyth MT Industrial Revenue (Northwestern Corp. Colstrip Project) 3.875%   7/1/28      12,535     12,704
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Forsyth MT Industrial Revenue (Puget Sound Energy Project) 3.900%   3/1/31       4,020      3,998
  Montana Board of Housing Local or Guaranteed Housing Revenue 6.250%   6/1/54       1,735      1,889
15 Montana Board of Housing Local or Guaranteed Housing Revenue (South Forty Apartments Project) PUT 5.000%   5/1/25       2,444      2,454
  Montana Board of Housing Local or Guaranteed Housing Revenue PUT 3.320%   2/1/28       1,835      1,826
  Montana Facility Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/27         500        518
  Montana Facility Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  2/15/28       2,500      2,581
  Montana Facility Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/28         455        477
  Montana Facility Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  2/15/29       2,635      2,717
  Montana Facility Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/29         620        666
  Montana Facility Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  2/15/30       2,015      2,076
  Montana Facility Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/30         490        513
  Montana Facility Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  2/15/31       2,000      2,059
  Montana Facility Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/31       1,030      1,134
  Montana Facility Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/32       1,500      1,663
  Montana Facility Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/33         405        422
  Montana Facility Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/33       1,165      1,270
  Montana Facility Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   1/1/34       1,000      1,077
  Montana Facility Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/34         585        609
  Montana Facility Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/34       1,695      1,838
  Montana Facility Finance Authority Health, Hospital, Nursing Home Revenue 4.000%   1/1/35       4,000      4,079
  Montana Facility Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/35         425        441
  Montana Facility Finance Authority Health, Hospital, Nursing Home Revenue 4.000%  8/15/35         640        646
  Montana Facility Finance Authority Health, Hospital, Nursing Home Revenue 4.000%   1/1/36       3,675      3,733
  Montana Facility Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/36         670        694
  Montana Facility Finance Authority Health, Hospital, Nursing Home Revenue 4.000%   1/1/37       3,250      3,288
  Montana Facility Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/37       1,260      1,302
  Montana Facility Finance Authority Health, Hospital, Nursing Home Revenue 4.000%  8/15/37       1,000      1,005
  Montana Facility Finance Authority Health, Hospital, Nursing Home Revenue 4.000%   1/1/38       2,250      2,263
  Montana Facility Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/38       1,580      1,627
  Montana Facility Finance Authority Health, Hospital, Nursing Home Revenue 4.000%   1/1/39         830        827
  Montana Facility Finance Authority Health, Hospital, Nursing Home Revenue (Montana Children's Home & Hospital Project) 3.000%   7/1/40       2,020      1,729
  Montana State Board of Regents College & University Revenue 3.000% 11/15/34       2,525      2,359
  Montana State Board of Regents College & University Revenue 3.000% 11/15/36         890        816
                                      84,666
Multiple States (0.8%)
14 FHLMC Multifamily Certificates Local or Guaranteed Housing Revenue 2.650%  9/15/30      13,330     12,088
4,14 FHLMC Multifamily Certificates Local or Guaranteed Housing Revenue 2.650%  6/15/35      31,175     26,298
4,14 FHLMC Multifamily Certificates Local or Guaranteed Housing Revenue 3.150%  1/15/36      18,860     16,621
14 FHLMC Multifamily Certificates Local or Guaranteed Housing Revenue 4.759%  8/25/41       3,998      4,111
4,14 FHLMC Multifamily Certificates Revenue 2.600%  9/15/33      45,555     39,661
4,14 FHLMC Multifamily Certificates Revenue 2.625%  6/15/35      46,790     40,166
4,14 FHLMC Multifamily Certificates Revenue 2.650%  6/15/36      30,420     26,252
2,14 Freddie Mac Multifamily Certificates 3.261% 12/25/38      27,956     23,947
2,14 Freddie Mac Multifamily Certificates 4.299%  5/25/41      19,430     18,687
2,14 Freddie Mac Multifamily Certificates 4.616%  8/25/41      57,374     57,559
2,14 Freddie Mac Multifamily Certificates 4.758%  8/25/41       3,998      4,053
4,14 Freddie Mac Multifamily Certificates 4.700%  4/25/42      18,036     17,993
2,14 Freddie Mac Multifamily Certificates 3.084%  4/25/43      60,403     50,126
4,14 Freddie Mac Multifamily Certificates Local or Guaranteed Housing Revenue 2.750% 11/25/35      42,812     37,208
14 Freddie Mac Multifamily Certificates Local or Guaranteed Housing Revenue 3.400%  1/25/36      18,883     17,706
14 Freddie Mac Multifamily Certificates Local or Guaranteed Housing Revenue 2.875%  7/25/36      47,272     42,057
14 Freddie Mac Multifamily Certificates Local or Guaranteed Housing Revenue 4.033% 12/25/36      53,044     51,438
14 Freddie Mac Multifamily Certificates Local or Guaranteed Housing Revenue 2.250%  9/25/37      19,664     15,860
4,14 Freddie Mac Multifamily Certificates Local or Guaranteed Housing Revenue 3.650% 11/25/38       9,858      8,814
14 Freddie Mac Multifamily Certificates Local or Guaranteed Housing Revenue 4.140%  1/25/40      35,706     34,312
14 Freddie Mac Multifamily Certificates Local or Guaranteed Housing Revenue 4.551%  8/25/40      26,811     26,439
14 Freddie Mac Multifamily Certificates Local or Guaranteed Housing Revenue 4.684% 10/25/40      36,452     36,261
  National Finance Authority Affordable Housing Certificates 4.150% 10/20/40      17,190     16,815
                                     624,472
Nebraska (0.6%)
  Central Plains Energy Project Natural Gas Revenue (Project No. 3) 5.000%   9/1/26       4,320      4,410
  Central Plains Energy Project Natural Gas Revenue (Project No. 3) 5.000%   9/1/27       3,000      3,094
  Central Plains Energy Project Natural Gas Revenue (Project No. 3) 5.000%   9/1/28       3,165      3,296
  Central Plains Energy Project Natural Gas Revenue (Project No. 3) 5.000%   9/1/33       4,000      4,291
  Central Plains Energy Project Natural Gas Revenue (Project No. 3) 5.000%   9/1/34       5,115      5,501
  Central Plains Energy Project Natural Gas Revenue (Project No. 3) 5.000%   9/1/42      27,525     29,853
  Central Plains Energy Project Natural Gas Revenue (Project No. 4) PUT 5.000%  11/1/29     161,760    169,385
  Central Plains Energy Project Natural Gas Revenue (Project No. 5) PUT 5.000%  10/1/29      51,760     53,959
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Central Plains Energy Project Natural Gas Revenue PUT 4.000%   8/1/25      32,485     32,559
  Douglas County Hospital Authority No. 2 Health, Hospital, Nursing Home Revenue 5.000% 11/15/28         500        530
  Douglas County Hospital Authority No. 2 Health, Hospital, Nursing Home Revenue 5.000% 11/15/29         600        645
  Douglas County Hospital Authority No. 2 Health, Hospital, Nursing Home Revenue 5.000% 11/15/30         450        489
  Douglas County Hospital Authority No. 2 Health, Hospital, Nursing Home Revenue 5.000% 11/15/31         275        300
  Douglas County Hospital Authority No. 2 Health, Hospital, Nursing Home Revenue 5.000% 11/15/34         600        647
  Douglas County Hospital Authority No. 2 Health, Hospital, Nursing Home Revenue 4.000% 11/15/36         425        427
  Douglas County Hospital Authority No. 2 Health, Hospital, Nursing Home Revenue 4.000% 11/15/37         525        521
  Douglas County Hospital Authority No. 2 Health, Hospital, Nursing Home Revenue 4.000% 11/15/38       1,200      1,188
  Douglas County Hospital Authority No. 2 Health, Hospital, Nursing Home Revenue 4.000% 11/15/40         570        557
  Douglas County Hospital Authority No. 2 Health, Hospital, Nursing Home Revenue 4.000% 11/15/41         300        289
  Douglas County Hospital Authority No. 3 Health, Hospital, Nursing Home Revenue 5.000%  11/1/25       2,005      2,032
  Douglas County Hospital Authority No. 3 Health, Hospital, Nursing Home Revenue 5.000%  11/1/26       1,160      1,173
  Douglas County Hospital Authority No. 3 Health, Hospital, Nursing Home Revenue 5.000%  11/1/27       1,770      1,791
  Douglas County Hospital Authority No. 3 Health, Hospital, Nursing Home Revenue 5.000%  11/1/28       1,250      1,265
  Douglas County Hospital Authority No. 3 Health, Hospital, Nursing Home Revenue 5.000%  11/1/29       1,895      1,917
  Douglas County NE College & University Revenue (Creighton University Projects) 4.000%   7/1/38       1,475      1,478
  Douglas County NE College & University Revenue (Creighton University Projects) 4.000%   7/1/41       1,605      1,571
  Elkhorn School District GO 4.000% 12/15/32         325        334
  Elkhorn School District GO 4.000% 12/15/33         375        385
  Elkhorn School District GO 4.000% 12/15/34         350        359
  Elkhorn School District GO 4.000% 12/15/35         350        358
  Lincoln NE Local or Guaranteed Housing Revenue PUT 3.370%   7/1/28       2,100      2,094
  Nebraska Investment Finance Authority Local or Guaranteed Housing Revenue 5.000%   9/1/29       1,670      1,801
  Nebraska Investment Finance Authority Local or Guaranteed Housing Revenue 3.850%   3/1/31       2,075      2,105
  Nebraska Investment Finance Authority Local or Guaranteed Housing Revenue 3.900%   9/1/31       1,200      1,220
  Nebraska Investment Finance Authority Local or Guaranteed Housing Revenue 3.950%   3/1/32       1,275      1,292
  Nebraska Investment Finance Authority Local or Guaranteed Housing Revenue 3.950%   9/1/32         745        754
  Nebraska Investment Finance Authority Local or Guaranteed Housing Revenue 1.950%   3/1/33       1,710      1,417
  Nebraska Investment Finance Authority Local or Guaranteed Housing Revenue 4.000%   3/1/33         800        800
  Nebraska Investment Finance Authority Local or Guaranteed Housing Revenue 4.100%   9/1/33         500        502
  Nebraska Investment Finance Authority Local or Guaranteed Housing Revenue 3.000%   9/1/45       4,045      3,959
  Nebraska Investment Finance Authority Local or Guaranteed Housing Revenue 3.000%   3/1/52       3,430      3,337
  Nebraska Public Power District Electric Power & Light Revenue 5.000%   7/1/28       5,000      5,305
  Nebraska Public Power District Electric Power & Light Revenue 5.000%   1/1/38       3,500      3,789
  Nebraska Public Power District Electric Power & Light Revenue 5.000%   1/1/39       9,335     10,035
  Nebraska Public Power District Electric Power & Light Revenue 5.000%   1/1/39       4,820      5,181
  Nebraska Public Power District Electric Power & Light Revenue 5.000%   1/1/40       1,270      1,359
  Nebraska Public Power District Electric Power & Light Revenue 5.000%   1/1/40       5,065      5,421
  Nebraska Public Power District Electric Power & Light Revenue 5.000%   1/1/41       1,025      1,037
  Nebraska Public Power District Electric Power & Light Revenue 5.000%   1/1/41       5,320      5,668
  Omaha NE GO 5.000%  4/15/30         345        380
  Omaha NE GO 5.000%  4/15/40         740        820
  Omaha NE GO 5.000%  4/15/41         900        987
  Omaha NE GO 5.000%  4/15/42         775        844
  Omaha NE GO 5.000%  4/15/43         800        869
  Omaha NE Sewer Revenue 4.000%   4/1/34         650        672
  Omaha NE Sewer Revenue 4.000%   4/1/35         500        515
  Omaha Public Power District Electric Power & Light Revenue 5.000%   2/1/35       3,265      3,394
  Omaha Public Power District Electric Power & Light Revenue 5.000%   2/1/36       7,250      7,528
  Omaha Public Power District Electric Power & Light Revenue 5.000%   2/1/37       2,600      2,693
  Omaha Public Power District Electric Power & Light Revenue 5.000%   2/1/38       1,150      1,260
  Omaha Public Power District Electric Power & Light Revenue 5.000%   2/1/39       1,500      1,639
  Omaha Public Power District Electric Power & Light Revenue 3.000%   2/1/40       2,500      2,147
  Omaha Public Power District Electric Power & Light Revenue 5.000%   2/1/40       2,250      2,439
  Omaha Public Power District Electric Power & Light Revenue 5.000%   2/1/41       1,800      1,938
  Omaha Public Power District Electric Power & Light Revenue 5.000%   2/1/42       4,500      4,908
  Omaha Public Power District Electric Power & Light Revenue 5.000%   2/1/42       1,685      1,838
  Omaha Public Power District Electric Power & Light Revenue 5.000%   2/1/42       1,225      1,342
  Omaha Public Power District Electric Power & Light Revenue 5.000%   2/1/43       4,280      4,625
  Omaha Public Power District Electric Power & Light Revenue 5.000%   2/1/43       1,500      1,621
  Omaha Public Power District Electric Power & Light Revenue 5.000%   2/1/43       1,245      1,353
  Omaha Public Power District Electric Power & Light Revenue 5.000%   2/1/44       1,270      1,374
  Omaha Public Power District Electric Power & Light Revenue 5.000%   2/1/45       1,295      1,393
  Omaha Public Power District Electric Power & Light Revenue 5.000%   2/1/46       2,175      2,275
  Omaha Public Power District Nebraska City Station Unit 2 Electric Power & Light Revenue 5.000%   2/1/41       4,945      5,016
  Omaha School District GO 5.000% 12/15/27       2,000      2,115
  Omaha School District GO 3.000% 12/15/35       2,700      2,499
  Omaha School District GO 3.000% 12/15/42       1,000        827
  Public Power Generation Agency Electric Power & Light Revenue 5.000%   1/1/34       3,375      3,796
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Public Power Generation Agency Electric Power & Light Revenue 5.000%   1/1/35       2,000      2,255
  Public Power Generation Agency Electric Power & Light Revenue 5.000%   1/1/40       2,840      2,893
  Scotts Bluff County Hospital Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/25       1,875      1,875
  Scotts Bluff County Hospital Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/26       1,975      1,981
  Scotts Bluff County Hospital Authority Health, Hospital, Nursing Home Revenue 5.250%   2/1/27       3,470      3,510
  Scotts Bluff County Hospital Authority Health, Hospital, Nursing Home Revenue 5.250%   2/1/29       1,600      1,606
  Scotts Bluff County Hospital Authority Health, Hospital, Nursing Home Revenue 5.250%   2/1/30       4,065      4,075
  Scotts Bluff County Hospital Authority Health, Hospital, Nursing Home Revenue 5.250%   2/1/31       4,030      4,035
  Scotts Bluff County Hospital Authority Health, Hospital, Nursing Home Revenue 5.250%   2/1/32       4,265      4,254
                                     471,271
Nevada (1.0%)
  Carson City NV Health, Hospital, Nursing Home Revenue (Carson Tahoe Regional Healthcare Project) 5.000%   9/1/34         980      1,006
  Clark County Department of Aviation Port, Airport & Marina Revenue 5.000%   7/1/31      19,455     20,988
  Clark County Department of Aviation Port, Airport & Marina Revenue 5.000%   7/1/32      17,350     18,652
  Clark County Department of Aviation Port, Airport & Marina Revenue 5.000%   7/1/40       3,300      3,474
  Clark County Department of Aviation Port, Airport & Marina Revenue 5.000%   7/1/41       3,550      3,725
  Clark County Department of Aviation Port, Airport & Marina Revenue 5.000%   7/1/42       3,325      3,481
  Clark County NV Electric Power & Light Revenue (Nevada Power Co. Project) PUT 3.750%  3/31/26         825        825
  Clark County NV Fuel Sales Tax Revenue 5.000%   7/1/27       1,545      1,624
  Clark County NV Fuel Sales Tax Revenue 5.000%   7/1/28       2,370      2,487
  Clark County NV Fuel Sales Tax Revenue 5.000%   7/1/29       2,195      2,300
  Clark County NV Fuel Sales Tax Revenue 5.000%   7/1/35      10,390     10,790
  Clark County NV Fuel Sales Tax Revenue 5.000%   7/1/36       6,600      6,845
  Clark County NV Fuel Sales Tax Revenue 5.000%   7/1/37       5,530      5,727
3 Clark County NV Fuel Sales Tax Revenue 4.000%   7/1/40       8,425      8,458
  Clark County NV GO 5.000%   6/1/27       2,625      2,758
  Clark County NV GO 4.000%  11/1/31       5,950      6,027
  Clark County NV GO 5.000%  11/1/31       1,645      1,652
  Clark County NV GO 4.000%   6/1/32      12,000     12,190
  Clark County NV GO 4.000%  11/1/32       1,015      1,026
  Clark County NV GO 5.000%  11/1/32       3,000      3,227
  Clark County NV GO 5.000%   6/1/35       1,315      1,382
  Clark County NV GO 3.000%   7/1/35       1,180      1,102
  Clark County NV GO 4.000%  12/1/36      15,050     15,237
  Clark County NV GO 4.000%  12/1/37      18,825     19,003
  Clark County NV GO 5.000%   6/1/38      12,290     12,827
  Clark County NV GO 4.000%  12/1/38      21,055     21,164
  Clark County NV Industrial Revenue 2.100%   6/1/31      28,500     24,419
  Clark County NV Passenger Facility Charge Port, Airport & Marina Revenue 5.000%   7/1/31      11,925     12,849
  Clark County NV Passenger Facility Charge Port, Airport & Marina Revenue 5.000%   7/1/32       7,100      7,633
  Clark County NV Passenger Facility Charge Port, Airport & Marina Revenue 5.000%   7/1/33       7,525      8,073
3 Clark County School District GO 5.000%  6/15/28       9,530      9,981
3 Clark County School District GO 4.000%  6/15/30      10,505     10,700
3 Clark County School District GO 4.000%  6/15/31      10,930     11,109
  Clark County School District GO 5.000%  6/15/31      13,955     15,476
1 Clark County School District GO 5.000%  6/15/32       1,590      1,675
  Clark County School District GO 5.000%  6/15/32      15,735     17,627
1 Clark County School District GO 3.000%  6/15/33       6,585      6,318
3 Clark County School District GO 4.000%  6/15/33      11,920     12,260
  Clark County School District GO 5.000%  6/15/33      15,630     17,668
1 Clark County School District GO 3.000%  6/15/34      10,920     10,333
3 Clark County School District GO 4.000%  6/15/34      12,400     12,676
  Clark County School District GO 4.000%  6/15/34       5,000      5,012
3 Clark County School District GO 5.000%  6/15/34       1,000      1,082
  Clark County School District GO 4.000%  6/15/35      14,910     14,934
  Clark County School District GO 4.000%  6/15/35      10,375     10,392
3 Clark County School District GO 5.000%  6/15/35       1,350      1,457
3 Clark County School District GO 4.000%  6/15/36       1,250      1,279
1 Clark County School District GO 3.000%  6/15/37       4,000      3,666
  Clark County School District GO 3.000%  6/15/37       8,730      7,943
3 Clark County School District GO 4.000%  6/15/37       1,250      1,272
  Clark County School District GO 3.000%  6/15/38      11,595     10,374
3 Clark County School District GO 4.000%  6/15/38       1,000      1,013
1 Clark County School District GO 3.000%  6/15/39       3,540      3,111
  Clark County School District GO 3.000%  6/15/39       9,395      8,273
3 Clark County School District GO 4.000%  6/15/39       1,000      1,005
  Clark County School District GO 3.000%  6/15/40      11,760     10,212
  Clark County School District GO 5.000%  6/15/40       9,000      9,807
  Clark County School District GO 3.000%  6/15/41      10,760      9,181
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Clark County Water Reclamation District GO 4.000%   7/1/32       1,110      1,120
  Clark County Water Reclamation District GO 4.000%   7/1/34       2,000      2,012
  Las Vegas Convention & Visitors Authority Hotel Occupancy Tax Revenue 5.000%   7/1/26         565        583
  Las Vegas Convention & Visitors Authority Hotel Occupancy Tax Revenue 5.000%   7/1/26         940        970
  Las Vegas Convention & Visitors Authority Hotel Occupancy Tax Revenue 5.000%   7/1/27       1,815      1,867
  Las Vegas Convention & Visitors Authority Hotel Occupancy Tax Revenue 5.000%   7/1/28       1,620      1,729
  Las Vegas Convention & Visitors Authority Hotel Occupancy Tax Revenue 5.000%   7/1/31         300        308
  Las Vegas Convention & Visitors Authority Hotel Occupancy Tax Revenue 5.000%   7/1/36       1,500      1,672
  Las Vegas Convention & Visitors Authority Hotel Occupancy Tax Revenue 5.000%   7/1/37       1,350      1,406
  Las Vegas Convention & Visitors Authority Hotel Occupancy Tax Revenue 5.000%   7/1/38       1,350      1,494
  Las Vegas Convention & Visitors Authority Hotel Occupancy Tax Revenue 5.000%   7/1/38       1,725      1,792
  Las Vegas Convention & Visitors Authority Hotel Occupancy Tax Revenue 5.000%   7/1/39         700        768
  Las Vegas Convention & Visitors Authority Hotel Occupancy Tax Revenue 5.000%   7/1/40       1,250      1,363
  Las Vegas Convention & Visitors Authority Hotel Occupancy Tax Revenue 5.000%   7/1/41       1,990      2,151
  Las Vegas Convention & Visitors Authority Hotel Occupancy Tax Revenue 5.000%   7/1/42       2,365      2,545
  Las Vegas Convention & Visitors Authority Hotel Occupancy Tax Revenue 5.000%   7/1/43       2,300      2,464
  Las Vegas NV GO 4.000%   6/1/30       4,610      4,668
  Las Vegas NV Special Improvement District No. 613 Special Assessment Revenue 5.000%  12/1/39         400        405
  Las Vegas NV Special Improvement District No. 816 Special Assessment Revenue 2.500%   6/1/28         255        233
  Las Vegas NV Special Improvement District No. 816 Special Assessment Revenue 2.625%   6/1/30         540        472
  Las Vegas NV Special Improvement District No. 816 Special Assessment Revenue 2.750%   6/1/31         525        459
  Las Vegas NV Special Improvement District No. 816 Special Assessment Revenue 2.750%   6/1/33         515        443
  Las Vegas NV Special Improvement District No. 816 Special Assessment Revenue 2.750%   6/1/36         825        670
  Las Vegas Valley Water District GO 5.000%   6/1/31       3,530      3,621
  Las Vegas Valley Water District GO 3.000%   6/1/32       8,085      7,768
  Las Vegas Valley Water District GO 3.000%   6/1/33      13,080     12,436
  Las Vegas Valley Water District GO 5.000%   6/1/35       4,150      4,239
  Las Vegas Valley Water District GO 5.000%   6/1/35       6,000      6,129
  Las Vegas Valley Water District GO 4.000%   2/1/38       6,200      6,219
  Las Vegas Valley Water District GO 5.000%   6/1/38      19,610     20,794
  Las Vegas Valley Water District GO 4.000%   6/1/39       3,300      3,333
  Las Vegas Valley Water District GO 5.000%   6/1/39       3,550      3,746
  Las Vegas Valley Water District GO 4.000%   6/1/41       9,240      9,257
  Las Vegas Valley Water District GO 4.000%   6/1/42       1,090      1,084
  Las Vegas Valley Water District GO 4.000%   6/1/43       3,500      3,450
  Nevada Highway Improvement Fuel Sales Tax Revenue 4.000%  12/1/32      28,000     28,448
  Nevada Highway Improvement Fuel Sales Tax Revenue 4.000%  12/1/33      26,170     26,536
  Nevada Highway Improvement Fuel Sales Tax Revenue 3.000%  12/1/39       1,155      1,032
  Nevada Highway Improvement Fuel Sales Tax Revenue 4.000%  12/1/42       6,490      6,506
  Nevada Highway Improvement Fuel Sales Tax Revenue 4.000%  12/1/42       3,250      3,210
  Nevada Highway Improvement Fuel Sales Tax Revenue 4.000%  12/1/43       5,725      5,682
  Nevada Highway Improvement Fuel Sales Tax Revenue 4.000%  12/1/43       3,380      3,297
  Nevada Housing Division Local or Guaranteed Housing Revenue 5.000%  10/1/52       2,875      2,981
  Nevada Housing Division Local or Guaranteed Housing Revenue PUT 5.000%   7/1/27         750        778
4 Nevada Housing Division Local or Guaranteed Housing Revenue TOB VRDO 2.070%   2/3/25      20,100     20,100
4 North Las Vegas NV Special Assessment Revenue 5.750%   6/1/42       1,105      1,120
  Reno NV Sales Tax Revenue 5.000%   6/1/30         500        531
  Reno NV Sales Tax Revenue 5.000%   6/1/31         500        530
3 Reno NV Sales Tax Revenue 5.000%   6/1/33         450        473
  Reno NV Sales Tax Revenue 5.000%   6/1/35         500        523
  Reno NV Sales Tax Revenue 5.000%   6/1/36         615        642
  Reno NV Sales Tax Revenue 5.000%   6/1/37         500        521
  Reno NV Sales Tax Revenue 5.000%   6/1/38         500        519
3 Reno NV Sales Tax Revenue 5.000%   6/1/38         650        674
  Reno-Tahoe Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/37         600        672
  Reno-Tahoe Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/40         500        548
  Reno-Tahoe Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/41         600        651
  Reno-Tahoe Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/42         650        702
  Reno-Tahoe Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/43         690        742
  Reno-Tahoe Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/44         650        696
18 Storey County School District GO 5.000%   6/1/28         985      1,052
18 Storey County School District GO 5.000%   6/1/29       1,925      2,090
18 Storey County School District GO 5.000%   6/1/30       2,020      2,227
  Truckee Meadows Water Authority Water Revenue 5.000%   7/1/26       4,080      4,207
  Truckee Meadows Water Authority Water Revenue 5.000%   7/1/27       3,215      3,376
  Truckee Meadows Water Authority Water Revenue 5.000%   7/1/30       3,625      3,799
  Truckee Meadows Water Authority Water Revenue 5.000%   7/1/32       4,675      4,794
  Truckee Meadows Water Authority Water Revenue 5.000%   7/1/35         540        552
  Truckee Meadows Water Authority Water Revenue 5.000%   7/1/38       4,500      4,693
  Truckee Meadows Water Authority Water Revenue, Prere. 5.000%   7/1/26       7,750      7,992
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Truckee Meadows Water Authority Water Revenue, Prere. 5.000%   7/1/26       1,255      1,291
  Washoe County NV Electric Power & Light Revenue (Sierra Pacific Power Co. Projects) PUT 3.625%  10/1/29       2,800      2,811
  Washoe County NV Electric Power & Light Revenue (Sierra Pacific Power Co. Projects) PUT 3.625%  10/1/29       1,375      1,380
  Washoe County NV Gas Tax Fuel Sales Tax Revenue 5.000%   2/1/42       2,200      2,289
3 Washoe County NV School District GO 3.000%  10/1/35       2,000      1,826
  Washoe County NV School District GO 3.000%   6/1/39       6,960      6,381
  Washoe County NV School District GO 3.000%   6/1/40       5,670      5,094
  Washoe County NV School District GO 4.000%   6/1/40       4,490      4,515
  Washoe County NV School District GO 3.000%   6/1/41       7,385      6,505
  Washoe County NV School District GO 4.000%   6/1/41       8,830      8,819
  Washoe County NV School District GO 3.000%   6/1/42       6,105      5,305
  Washoe County NV School District GO 3.000%   6/1/44       8,070      6,796
                                     776,365
New Hampshire (0.5%)
  New Hampshire Business Finance Authority 4.125%  1/20/34      77,518     77,247
  New Hampshire Business Finance Authority College & University Revenue (Dickinson College Project) 5.000%  11/1/37       8,305      9,067
  New Hampshire Business Finance Authority College & University Revenue (Dickinson College Project) 5.000%  11/1/42      11,950     12,778
  New Hampshire Business Finance Authority College & University Revenue (Dickinson College Project) 5.000%  11/1/42       9,115      9,746
  New Hampshire Business Finance Authority Health, Hospital, Nursing Home Revenue 4.000%   1/1/30         840        828
  New Hampshire Business Finance Authority Health, Hospital, Nursing Home Revenue 4.000%   1/1/31         870        855
  New Hampshire Business Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   5/1/31         700        768
  New Hampshire Business Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   5/1/33         600        652
4 New Hampshire Business Finance Authority Health, Hospital, Nursing Home Revenue 5.625% 12/15/33       4,015      4,096
  New Hampshire Business Finance Authority Health, Hospital, Nursing Home Revenue 4.000%  8/15/36       1,000        994
  New Hampshire Business Finance Authority Health, Hospital, Nursing Home Revenue 4.000%  8/15/38       1,310      1,284
4 New Hampshire Business Finance Authority Health, Hospital, Nursing Home Revenue 6.250% 12/15/38       2,295      2,374
  New Hampshire Business Finance Authority Health, Hospital, Nursing Home Revenue 4.000%  8/15/40       1,375      1,326
  New Hampshire Business Finance Authority Health, Hospital, Nursing Home Revenue 4.000%   1/1/41       1,650      1,503
  New Hampshire Business Finance Authority Health, Hospital, Nursing Home Revenue 4.000%   5/1/41         500        490
4 New Hampshire Business Finance Authority Intergovernmental Agreement Revenue 5.375% 12/15/35      13,615     13,659
4 New Hampshire Business Finance Authority Intergovernmental Agreement Revenue (Caldwell Ranch Project) 4.875%  12/1/33       2,629      2,628
4 New Hampshire Business Finance Authority Intergovernmental Agreement Revenue (Tamarron Project) 5.250%  12/1/35      17,907     17,818
  New Hampshire Business Finance Authority Intergovernmental Agreement Revenue (The Highlands Project) 5.125% 12/15/30       2,100      2,086
4 New Hampshire Business Finance Authority Intergovernmental Agreement Revenue (Valencia Project) 5.300%  12/1/32       2,260      2,267
  New Hampshire Business Finance Authority Local or Guaranteed Housing Revenue 4.375%  9/20/36       2,899      2,890
  New Hampshire Business Finance Authority Local or Guaranteed Housing Revenue 3.875%  1/20/38      61,714     58,743
  New Hampshire Business Finance Authority Local or Guaranteed Housing Revenue 3.625%  8/20/39      38,844     36,436
  New Hampshire Business Finance Authority Local or Guaranteed Housing Revenue 4.250%  7/20/41      26,516     25,903
  New Hampshire Business Finance Authority Local or Guaranteed Housing Revenue 4.035% 10/20/41      17,325     16,422
4 New Hampshire Business Finance Authority Miscellaneous Revenue (Silverado Project) 5.000%  12/1/28       3,620      3,620
  New Hampshire Business Finance Authority Resource Recovery Revenue (The United Illuminating Co. Project) 4.500%  10/1/33       8,300      8,501
  New Hampshire Health & Education Facilities Authority Act College & University Revenue PUT 3.300%   8/3/27       2,180      2,187
  New Hampshire Health & Education Facilities Authority Act College & University Revenue PUT 3.300%   8/3/27       2,830      2,840
  New Hampshire Health & Education Facilities Authority Act College & University Revenue PUT 3.300%   8/3/27       2,830      2,840
  New Hampshire Health & Education Facilities Authority Act College & University Revenue PUT 3.300%   8/3/27       2,770      2,780
  New Hampshire Health & Education Facilities Authority Act Health, Hospital, Nursing Home Revenue 4.000%  10/1/28       2,920      2,949
  New Hampshire Health & Education Facilities Authority Act Health, Hospital, Nursing Home Revenue 4.000%  10/1/29       3,050      3,078
  New Hampshire Health & Education Facilities Authority Act Health, Hospital, Nursing Home Revenue 5.000%  10/1/32       2,880      3,151
  New Hampshire Health & Education Facilities Authority Act Health, Hospital, Nursing Home Revenue 4.000%  10/1/33         500        507
  New Hampshire Health & Education Facilities Authority Act Health, Hospital, Nursing Home Revenue 5.000%  10/1/33       3,020      3,321
  New Hampshire Health & Education Facilities Authority Act Health, Hospital, Nursing Home Revenue 4.000%  10/1/34         430        435
  New Hampshire Health & Education Facilities Authority Act Health, Hospital, Nursing Home Revenue 5.000%  10/1/34       2,175      2,387
  New Hampshire Health & Education Facilities Authority Act Health, Hospital, Nursing Home Revenue 4.000%  10/1/35         700        707
  New Hampshire Health & Education Facilities Authority Act Health, Hospital, Nursing Home Revenue 5.000%  10/1/35       3,205      3,502
  New Hampshire Health & Education Facilities Authority Act Health, Hospital, Nursing Home Revenue 5.000%   8/1/36       1,650      1,700
  New Hampshire Health & Education Facilities Authority Act Health, Hospital, Nursing Home Revenue 4.000%  10/1/36         665        669
  New Hampshire Health & Education Facilities Authority Act Health, Hospital, Nursing Home Revenue 4.000%  10/1/37         740        739
  New Hampshire Health & Education Facilities Authority Act Health, Hospital, Nursing Home Revenue 5.000%  10/1/38       6,835      6,894
  New Hampshire Health & Education Facilities Authority Act Health, Hospital, Nursing Home Revenue 5.000%  10/1/38       5,035      5,425
  New Hampshire Health & Education Facilities Authority Act Health, Hospital, Nursing Home Revenue 4.000%   8/1/40      20,680     20,231
  New Hampshire Health & Education Facilities Authority Act Health, Hospital, Nursing Home Revenue 4.000%   8/1/43      28,590     26,773
  New Hampshire Housing Finance Authority Local or Guaranteed Housing Revenue 6.000%   7/1/53       1,005      1,075
  New Hampshire Municipal Bond Bank Indirect Ad Valorem Property Revenue 4.000%  8/15/28       1,500      1,523
  New Hampshire Municipal Bond Bank Indirect Ad Valorem Property Revenue 2.000%  8/15/34       4,365      3,573
  New Hampshire Municipal Bond Bank Miscellaneous Revenue 4.000%  8/15/43       1,000        982
1 Northeastern Pennsylvania Hospital & Education Authority College & University Revenue (Kings College Project) 5.000%   7/1/27       2,305      2,421
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
1 Northeastern Pennsylvania Hospital & Education Authority College & University Revenue (Kings College Project) 5.000%   7/1/28       1,700      1,813
                                     419,483
New Jersey (3.3%)
3 Atlantic County Improvement Authority Miscellaneous Revenue 5.000%   9/1/26       4,695      4,853
3 Atlantic County Improvement Authority Miscellaneous Revenue 5.000%   9/1/27       3,000      3,086
  Camden County Improvement Authority Charter School Aid Revenue (KIPP Cooper Norcross Academy - 2022 Project) 6.000%  6/15/42         530        570
8 Casino Reinvestment Development Authority Inc. Miscellaneous Taxes Revenue 5.000%  11/1/29         500        540
8 Casino Reinvestment Development Authority Inc. Miscellaneous Taxes Revenue 5.000%  11/1/29         280        302
8 Casino Reinvestment Development Authority Inc. Miscellaneous Taxes Revenue 5.000%  11/1/30       1,050      1,147
8 Casino Reinvestment Development Authority Inc. Miscellaneous Taxes Revenue 5.000%  11/1/30         395        432
8 Casino Reinvestment Development Authority Inc. Miscellaneous Taxes Revenue 5.000%  11/1/31         935      1,031
8 Casino Reinvestment Development Authority Inc. Miscellaneous Taxes Revenue 5.000%  11/1/31         430        474
8 Casino Reinvestment Development Authority Inc. Miscellaneous Taxes Revenue 5.000%  11/1/32       2,000      2,224
8 Casino Reinvestment Development Authority Inc. Miscellaneous Taxes Revenue 5.000%  11/1/32         810        901
8 Casino Reinvestment Development Authority Inc. Miscellaneous Taxes Revenue 5.000%  11/1/33       2,510      2,811
8 Casino Reinvestment Development Authority Inc. Miscellaneous Taxes Revenue 5.000%  11/1/33       1,110      1,243
8 Casino Reinvestment Development Authority Inc. Miscellaneous Taxes Revenue 5.000%  11/1/34       2,380      2,683
8 Casino Reinvestment Development Authority Inc. Miscellaneous Taxes Revenue 5.000%  11/1/34       1,000      1,127
8 Casino Reinvestment Development Authority Inc. Miscellaneous Taxes Revenue 5.000%  11/1/35         765        859
8 Casino Reinvestment Development Authority Inc. Miscellaneous Taxes Revenue 5.000%  11/1/35         750        842
8 Casino Reinvestment Development Authority Inc. Miscellaneous Taxes Revenue 5.000%  11/1/36       1,000      1,118
8 Casino Reinvestment Development Authority Inc. Miscellaneous Taxes Revenue 5.000%  11/1/37       1,230      1,366
8 Casino Reinvestment Development Authority Inc. Miscellaneous Taxes Revenue 5.000%  11/1/38       1,000      1,105
  Cherry Hill Township School District GO 3.000%   8/1/31      13,240     13,061
  Cherry Hill Township School District GO 3.000%   8/1/32      10,750     10,524
  Cherry Hill Township School District GO 3.000%   8/1/33      13,280     12,885
3 Clifton Board of Education GO 2.000%  8/15/27       1,920      1,839
3 Clifton Board of Education GO 2.000%  8/15/28       2,975      2,780
3 Clifton Board of Education GO 2.000%  8/15/31       6,500      5,713
3 Clifton Board of Education GO 2.000%  8/15/32       6,750      5,778
3 Clifton Board of Education GO 2.000%  8/15/33       6,750      5,650
3 Clifton Board of Education GO 2.000%  8/15/34       5,500      4,502
  Essex County NJ GO 2.000%   9/1/39       3,750      2,774
  Essex County NJ GO 2.000%   9/1/40       3,750      2,726
  Essex County NJ GO 2.000%   9/1/41       3,750      2,658
  Hudson County Improvement Authority Lease (Non-Terminable) Revenue (Hudson County Courthouse Project) 3.000%  10/1/34       2,460      2,342
  Hudson County Improvement Authority Lease (Non-Terminable) Revenue (Hudson County Courthouse Project) 3.000%  10/1/35       5,980      5,614
  Hudson County Improvement Authority Lease (Non-Terminable) Revenue (Hudson County Courthouse Project) 3.000%  10/1/36       4,020      3,728
  Hudson County Improvement Authority Lease (Non-Terminable) Revenue (Hudson County Courthouse Project) 3.000%  10/1/37       8,000      7,324
  Hudson County Improvement Authority Lease (Non-Terminable) Revenue (Hudson County Courthouse Project) 3.000%  10/1/38       9,955      9,013
  Hudson County Improvement Authority Lease (Non-Terminable) Revenue (Hudson County Courthouse Project) 3.000%  10/1/39       5,590      5,009
  Hudson County NJ GO 3.000% 11/15/30      10,000      9,791
  Hudson County NJ GO 2.000% 11/15/34       5,000      4,015
  Hudson County NJ GO 2.125% 11/15/36       7,500      5,866
  Hudson County NJ GO 2.250% 11/15/38       5,000      3,790
1 Lindenwold Boro School District GO 3.000%   2/1/34       1,320      1,274
1 Lindenwold Boro School District GO 3.125%   2/1/37       1,425      1,352
  Lyndhurst Township NJ GO 3.000%   3/1/31       2,850      2,815
  Lyndhurst Township NJ GO 3.000%   3/1/32       2,850      2,749
4 Mercer County NJ GO TOB VRDO 1.850%   2/3/25      34,900     34,900
1 Montclair Public Schools GO 3.125%  1/15/35       3,000      2,839
1 Montclair Public Schools GO 3.250%  1/15/36       4,125      3,953
1 Montclair Public Schools GO 3.250%  1/15/37       4,200      3,991
1 Montclair Public Schools GO 3.250%  1/15/38       2,200      2,065
3 New Jersey Economic Development Authority Appropriations Revenue 5.500%   9/1/25      26,130     26,537
13 New Jersey Economic Development Authority Appropriations Revenue 5.500%   9/1/26      35,500     36,904
  New Jersey Economic Development Authority Appropriations Revenue 5.250%  6/15/27       2,200      2,215
10 New Jersey Economic Development Authority Appropriations Revenue 5.500%   9/1/27      32,500     34,589
1 New Jersey Economic Development Authority Appropriations Revenue 5.000%   7/1/28       6,500      6,746
10 New Jersey Economic Development Authority Appropriations Revenue 5.500%   9/1/28       4,090      4,446
10 New Jersey Economic Development Authority Appropriations Revenue 5.500%   9/1/29       9,000      9,973
  New Jersey Economic Development Authority Appropriations Revenue 5.000%  6/15/30         705        773
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
1 New Jersey Economic Development Authority Appropriations Revenue 3.125%   7/1/31       3,750      3,659
  New Jersey Economic Development Authority Appropriations Revenue 4.000%   7/1/32      13,260     13,093
  New Jersey Economic Development Authority Appropriations Revenue 5.000%  6/15/33       7,580      8,155
  New Jersey Economic Development Authority Appropriations Revenue 5.000%  6/15/33         850        931
  New Jersey Economic Development Authority Appropriations Revenue 5.000%   7/1/33       7,775      7,891
  New Jersey Economic Development Authority Appropriations Revenue 4.000%  6/15/34       1,000      1,028
  New Jersey Economic Development Authority Appropriations Revenue 5.000%  6/15/34       6,295      6,757
  New Jersey Economic Development Authority Appropriations Revenue 4.000%   7/1/34         965        937
  New Jersey Economic Development Authority Appropriations Revenue 4.000%  6/15/35       2,500      2,548
  New Jersey Economic Development Authority Appropriations Revenue 4.000%  6/15/35         500        511
  New Jersey Economic Development Authority Appropriations Revenue 4.000%  6/15/36       2,635      2,669
  New Jersey Economic Development Authority Appropriations Revenue 4.000%  6/15/36       1,000      1,016
  New Jersey Economic Development Authority Appropriations Revenue 4.000%  6/15/37       1,000      1,013
  New Jersey Economic Development Authority Appropriations Revenue 4.000%  6/15/38         600        604
  New Jersey Economic Development Authority Appropriations Revenue 4.000%  6/15/39         695        696
  New Jersey Economic Development Authority Appropriations Revenue 4.000%  6/15/40         415        413
  New Jersey Economic Development Authority Appropriations Revenue 4.000%  6/15/41       2,490      2,463
  New Jersey Economic Development Authority Appropriations Revenue (School Facilities Construction Program) 5.000%  6/15/28       1,440      1,534
  New Jersey Economic Development Authority Appropriations Revenue (School Facilities Construction Program) 5.000%  6/15/32       2,730      2,944
  New Jersey Economic Development Authority Appropriations Revenue (School Facilities Construction Program) 5.000%  6/15/34       2,025      2,174
  New Jersey Economic Development Authority Appropriations Revenue (School Facilities Construction Program) 5.000%  6/15/35       2,540      2,720
  New Jersey Economic Development Authority Appropriations Revenue, Prere. 5.250%  6/15/25       5,000      5,045
  New Jersey Economic Development Authority Appropriations Revenue, Prere. 5.250%  6/15/25       8,495      8,572
  New Jersey Economic Development Authority Appropriations Revenue, Prere. 5.500% 12/15/26      32,165     33,798
  New Jersey Economic Development Authority Appropriations Revenue, Prere. 5.500% 12/15/26      33,000     34,675
  New Jersey Economic Development Authority Appropriations Revenue, Prere. 5.500% 12/15/26      12,400     13,030
3 New Jersey Economic Development Authority College & University Revenue (Provident Group-Montclair Properties LLC - Montclair State University Student Housing Project) 5.000%   6/1/26       1,000      1,025
3 New Jersey Economic Development Authority College & University Revenue (Provident Group-Montclair Properties LLC - Montclair State University Student Housing Project) 5.000%   6/1/27       1,695      1,767
3 New Jersey Economic Development Authority College & University Revenue (Provident Group-Montclair Properties LLC - Montclair State University Student Housing Project) 5.000%   6/1/28       2,000      2,069
3 New Jersey Economic Development Authority College & University Revenue (Provident Group-Montclair Properties LLC - Montclair State University Student Housing Project) 5.000%   6/1/29       2,000      2,067
3 New Jersey Economic Development Authority College & University Revenue (Provident Group-Montclair Properties LLC - Montclair State University Student Housing Project) 5.000%   6/1/30       1,500      1,550
4 New Jersey Economic Development Authority General Fund Revenue 5.250%   9/1/25      23,000     23,308
  New Jersey Economic Development Authority Health, Hospital, Nursing Home Revenue (Lions Gate Project) 4.875%   1/1/29         815        813
  New Jersey Economic Development Authority Health, Hospital, Nursing Home Revenue (Lions Gate Project) 5.000%   1/1/34       1,000      1,000
  New Jersey Economic Development Authority Intergovernmental Agreement Revenue 5.000%   3/1/25      23,950     23,988
  New Jersey Economic Development Authority Intergovernmental Agreement Revenue 5.000%   3/1/26      17,750     18,145
  New Jersey Economic Development Authority Intergovernmental Agreement Revenue 5.000%  6/15/26       5,400      5,552
  New Jersey Economic Development Authority Intergovernmental Agreement Revenue 5.000%   3/1/27       1,070      1,115
  New Jersey Economic Development Authority Intergovernmental Agreement Revenue 5.000%   3/1/28      22,550     23,878
  New Jersey Economic Development Authority Intergovernmental Agreement Revenue 5.000%  6/15/33       7,065      8,003
  New Jersey Economic Development Authority Intergovernmental Agreement Revenue 5.000%  6/15/34       3,000      3,431
  New Jersey Economic Development Authority Intergovernmental Agreement Revenue 5.250%  6/15/36       1,000      1,153
  New Jersey Economic Development Authority Intergovernmental Agreement Revenue 5.250%  6/15/37       1,000      1,147
  New Jersey Economic Development Authority Lease (Appropriation) Revenue 5.000%  6/15/26       2,500      2,570
  New Jersey Economic Development Authority Lease (Appropriation) Revenue 5.000%  6/15/27       2,600      2,724
  New Jersey Economic Development Authority Lease (Appropriation) Revenue (New Jersey Transit Transportation Project) 5.000%  11/1/29       4,320      4,704
  New Jersey Economic Development Authority Lease (Appropriation) Revenue (New Jersey Transit Transportation Project) 4.000%  11/1/39       1,850      1,850
  New Jersey Economic Development Authority Lease (Appropriation) Revenue (New Jersey Transit Transportation Project) 5.000%  11/1/40      10,000     10,498
  New Jersey Economic Development Authority Lease (Appropriation) Revenue (State Government Buildings Project) 5.000%  6/15/34       4,500      4,687
  New Jersey Economic Development Authority Lease (Appropriation) Revenue (State Government Buildings Project) 5.000%  6/15/35       2,500      2,600
  New Jersey Economic Development Authority Lease (Appropriation) Revenue, Prere. 5.000%  6/15/27       3,000      3,159
  New Jersey Economic Development Authority Local or Guaranteed Housing Revenue 5.000%   7/1/26       2,275      2,267
  New Jersey Economic Development Authority Local or Guaranteed Housing Revenue 5.000%   1/1/30       2,500      2,500
  New Jersey Economic Development Authority Local or Guaranteed Housing Revenue 5.000%   7/1/38       3,065      2,930
  New Jersey Educational Facilities Authority College & University Revenue 5.000%   7/1/34      10,000     10,421
  New Jersey Educational Facilities Authority College & University Revenue 2.000%   3/1/36       4,000      3,264
  New Jersey Educational Facilities Authority College & University Revenue 2.000%   3/1/37       5,440      4,339
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  New Jersey Educational Facilities Authority College & University Revenue 2.000%   3/1/39       7,745      5,861
3 New Jersey Educational Facilities Authority College & University Revenue 5.000%   7/1/39       1,350      1,510
  New Jersey Educational Facilities Authority College & University Revenue 2.000%   3/1/40       8,885      6,561
  New Jersey GO 2.000%   6/1/26       2,040      2,001
  New Jersey GO 5.000%   6/1/29      25,365     27,577
  New Jersey GO 4.000%   6/1/30      16,700     17,564
  New Jersey GO 2.000%   6/1/31      20,500     18,292
  New Jersey GO 2.000%   6/1/32       9,885      8,641
  New Jersey GO 3.000%   6/1/32      31,975     31,084
  New Jersey GO 2.000%   6/1/35      21,090     17,168
  New Jersey Health Care Facilities Financing Authority Appropriations Revenue (Hospital Asset Transfer Program) 5.000%  10/1/33       2,400      2,523
  New Jersey Health Care Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/25       1,685      1,692
  New Jersey Health Care Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/26       1,800      1,855
  New Jersey Health Care Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/27       2,420      2,462
  New Jersey Health Care Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/28       2,010      2,089
  New Jersey Health Care Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/28       2,315      2,459
  New Jersey Health Care Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/29       1,250      1,271
  New Jersey Health Care Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/30       1,140      1,159
  New Jersey Health Care Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/30       1,000      1,040
  New Jersey Health Care Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/30       8,355      8,748
  New Jersey Health Care Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/31       1,100      1,143
  New Jersey Health Care Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/31       1,165      1,247
  New Jersey Health Care Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/31       4,705      4,952
  New Jersey Health Care Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/32       6,000      6,418
  New Jersey Health Care Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/32       1,225      1,314
  New Jersey Health Care Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/32       5,990      6,325
  New Jersey Health Care Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/33       1,285      1,369
  New Jersey Health Care Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/33       4,790      5,041
  New Jersey Health Care Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/34       1,350      1,434
  New Jersey Health Care Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/34       2,600      2,728
  New Jersey Health Care Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/35       1,000      1,046
  New Jersey Health Care Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/36       1,280      1,334
  New Jersey Health Care Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%   7/1/37       2,335      2,393
  New Jersey Health Care Facilities Financing Authority Health, Hospital, Nursing Home Revenue 3.000%   7/1/38       1,295      1,188
  New Jersey Health Care Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%   7/1/38       2,820      2,855
  New Jersey Health Care Facilities Financing Authority Health, Hospital, Nursing Home Revenue 3.000%   7/1/39         815        738
  New Jersey Health Care Facilities Financing Authority Health, Hospital, Nursing Home Revenue 3.000%   7/1/40       4,175      3,740
  New Jersey Health Care Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%   7/1/40       3,320      3,331
  New Jersey Health Care Facilities Financing Authority Health, Hospital, Nursing Home Revenue 3.000%   7/1/41         990        868
  New Jersey Higher Education Student Assistance Authority Student Loan Revenue 5.000%  12/1/27       2,400      2,515
  New Jersey Higher Education Student Assistance Authority Student Loan Revenue 5.000%  12/1/28         840        877
  New Jersey Housing & Mortgage Finance Agency Local or Guaranteed Housing Revenue 3.375%  11/1/27       1,545      1,538
  New Jersey Housing & Mortgage Finance Agency Local or Guaranteed Housing Revenue 3.375%  11/1/27       1,545      1,539
  New Jersey Housing & Mortgage Finance Agency Local or Guaranteed Housing Revenue 3.500%   5/1/29       1,000        999
  New Jersey Housing & Mortgage Finance Agency Local or Guaranteed Housing Revenue 2.250%  10/1/40       1,220        905
  New Jersey Housing & Mortgage Finance Agency Local or Guaranteed Housing Revenue 2.450%  11/1/41       2,000      1,501
  New Jersey Housing & Mortgage Finance Agency Local or Guaranteed Housing Revenue 5.000%  10/1/53       5,315      5,482
  New Jersey Infrastructure Bank Lease Revenue 2.000%   9/1/39       5,135      3,734
  New Jersey Transportation Trust Fund Authority Appropriations Revenue 5.000%  6/15/27      24,475     25,078
  New Jersey Transportation Trust Fund Authority Appropriations Revenue 5.000%  6/15/27       1,315      1,378
  New Jersey Transportation Trust Fund Authority Appropriations Revenue 5.000% 12/15/27      14,245     15,063
  New Jersey Transportation Trust Fund Authority Appropriations Revenue 5.000% 12/15/27      21,925     23,183
  New Jersey Transportation Trust Fund Authority Appropriations Revenue 5.000%  6/15/28      21,140     21,655
  New Jersey Transportation Trust Fund Authority Appropriations Revenue 5.000%  6/15/28      14,155     14,504
  New Jersey Transportation Trust Fund Authority Appropriations Revenue 5.000%  6/15/28       1,095      1,168
  New Jersey Transportation Trust Fund Authority Appropriations Revenue 5.000% 12/15/28      34,355     36,938
  New Jersey Transportation Trust Fund Authority Appropriations Revenue 5.000% 12/15/28      11,330     12,182
  New Jersey Transportation Trust Fund Authority Appropriations Revenue 5.000%  6/15/29       5,525      5,654
  New Jersey Transportation Trust Fund Authority Appropriations Revenue 5.000%  6/15/29      30,800     31,523
  New Jersey Transportation Trust Fund Authority Appropriations Revenue 5.000%  6/15/29       2,355      2,552
3 New Jersey Transportation Trust Fund Authority Appropriations Revenue 0.000% 12/15/29      26,200     22,265
  New Jersey Transportation Trust Fund Authority Appropriations Revenue 0.000% 12/15/29       2,355      1,996
  New Jersey Transportation Trust Fund Authority Appropriations Revenue 5.000%  6/15/30      14,835     15,164
  New Jersey Transportation Trust Fund Authority Appropriations Revenue 5.000%  6/15/30      19,150     19,574
10 New Jersey Transportation Trust Fund Authority Appropriations Revenue 0.000% 12/15/30      31,160     25,415
  New Jersey Transportation Trust Fund Authority Appropriations Revenue 0.000% 12/15/30       6,010      4,902
  New Jersey Transportation Trust Fund Authority Appropriations Revenue 5.000% 12/15/30      16,040     17,140
  New Jersey Transportation Trust Fund Authority Appropriations Revenue 5.000%  6/15/31       4,160      4,246
10 New Jersey Transportation Trust Fund Authority Appropriations Revenue 0.000% 12/15/31      45,590     35,709
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
3 New Jersey Transportation Trust Fund Authority Appropriations Revenue 0.000% 12/15/32       9,000      6,811
  New Jersey Transportation Trust Fund Authority Appropriations Revenue 5.000% 12/15/32      16,795     17,864
  New Jersey Transportation Trust Fund Authority Appropriations Revenue 5.000% 12/15/33      15,150     16,080
  New Jersey Transportation Trust Fund Authority Appropriations Revenue 4.000%  6/15/34       6,000      6,200
  New Jersey Transportation Trust Fund Authority Appropriations Revenue 5.000%  6/15/34       5,000      5,582
  New Jersey Transportation Trust Fund Authority Appropriations Revenue 5.000% 12/15/34      11,295     11,962
  New Jersey Transportation Trust Fund Authority Appropriations Revenue 4.000%  6/15/35       5,000      5,116
13 New Jersey Transportation Trust Fund Authority Appropriations Revenue 0.000% 12/15/35       6,255      4,101
  New Jersey Transportation Trust Fund Authority Appropriations Revenue 0.000% 12/15/35       4,525      2,964
  New Jersey Transportation Trust Fund Authority Appropriations Revenue 5.000%  6/15/36       2,195      2,460
13 New Jersey Transportation Trust Fund Authority Appropriations Revenue 0.000% 12/15/36      23,500     14,728
  New Jersey Transportation Trust Fund Authority Appropriations Revenue 0.000% 12/15/36      14,000      8,774
  New Jersey Transportation Trust Fund Authority Appropriations Revenue 5.000%  6/15/37       4,225      4,711
  New Jersey Transportation Trust Fund Authority Appropriations Revenue 0.000% 12/15/37       2,305      1,371
  New Jersey Transportation Trust Fund Authority Appropriations Revenue 4.000%  6/15/38       5,335      5,370
  New Jersey Transportation Trust Fund Authority Appropriations Revenue 5.000%  6/15/38       2,000      2,218
  New Jersey Transportation Trust Fund Authority Appropriations Revenue 0.000% 12/15/38       6,760      3,826
  New Jersey Transportation Trust Fund Authority Appropriations Revenue 4.000% 12/15/39       4,415      4,408
  New Jersey Transportation Trust Fund Authority Appropriations Revenue 5.000% 12/15/39       6,930      7,323
  New Jersey Transportation Trust Fund Authority Appropriations Revenue 4.000%  6/15/41      11,880     11,668
  New Jersey Transportation Trust Fund Authority Appropriations Revenue 4.000%  6/15/42       5,375      5,259
  New Jersey Transportation Trust Fund Authority Appropriations Revenue (Transportation Program) 5.000%  6/15/25       6,000      6,046
  New Jersey Transportation Trust Fund Authority Appropriations Revenue (Transportation Program) 5.000%  6/15/31       5,200      5,549
  New Jersey Transportation Trust Fund Authority Appropriations Revenue (Transportation Program) 5.000%  6/15/34       1,900      2,134
  New Jersey Transportation Trust Fund Authority Appropriations Revenue (Transportation Program) 5.000%  6/15/35       1,750      1,959
  New Jersey Transportation Trust Fund Authority Appropriations Revenue (Transportation Program) 5.000%  6/15/36       7,500      8,453
  New Jersey Transportation Trust Fund Authority Appropriations Revenue (Transportation Program) 5.250%  6/15/36       1,750      1,980
  New Jersey Transportation Trust Fund Authority Appropriations Revenue (Transportation Program) 5.000%  6/15/37       2,660      2,950
  New Jersey Transportation Trust Fund Authority Appropriations Revenue (Transportation Program) 5.000%  6/15/37       5,000      5,605
  New Jersey Transportation Trust Fund Authority Appropriations Revenue (Transportation Program) 4.000%  6/15/38      15,040     15,133
  New Jersey Transportation Trust Fund Authority Appropriations Revenue (Transportation Program) 5.000%  6/15/38       3,325      3,669
  New Jersey Transportation Trust Fund Authority Appropriations Revenue (Transportation Program) 5.000%  6/15/38       6,250      6,966
  New Jersey Transportation Trust Fund Authority Appropriations Revenue (Transportation Program) 4.000%  6/15/39      11,735     11,745
  New Jersey Transportation Trust Fund Authority Appropriations Revenue (Transportation Program) 5.000%  6/15/39       9,000      9,974
  New Jersey Transportation Trust Fund Authority Appropriations Revenue (Transportation Program) 4.000%  6/15/40       2,355      2,340
  New Jersey Transportation Trust Fund Authority Appropriations Revenue (Transportation Program) 5.000%  6/15/40       6,420      7,009
  New Jersey Transportation Trust Fund Authority Appropriations Revenue (Transportation Program) 5.000%  6/15/40      10,500     11,568
  New Jersey Transportation Trust Fund Authority Appropriations Revenue (Transportation Program) 4.000%  6/15/41      11,165     10,966
  New Jersey Transportation Trust Fund Authority Appropriations Revenue (Transportation Program) 5.000%  6/15/41      13,000     14,225
  New Jersey Transportation Trust Fund Authority Appropriations Revenue (Transportation Program) 4.000%  6/15/42       7,600      7,436
  New Jersey Transportation Trust Fund Authority Appropriations Revenue (Transportation Program) 5.000%  6/15/42      13,340     14,498
  New Jersey Transportation Trust Fund Authority Appropriations Revenue (Transportation Program) 5.000%  6/15/43       6,150      6,645
  New Jersey Transportation Trust Fund Authority Fuel Sales Tax Revenue 4.000%  6/15/35       5,000      5,108
  New Jersey Transportation Trust Fund Authority Fuel Sales Tax Revenue 5.000%  6/15/35       5,250      5,732
  New Jersey Transportation Trust Fund Authority Fuel Sales Tax Revenue 5.000%  6/15/36       4,250      4,625
  New Jersey Transportation Trust Fund Authority Fuel Sales Tax Revenue 5.000%  6/15/37       5,990      6,493
  New Jersey Transportation Trust Fund Authority Fuel Sales Tax Revenue 4.000%  6/15/38       3,500      3,519
  New Jersey Transportation Trust Fund Authority Fuel Sales Tax Revenue 5.000%  6/15/38       8,250      8,907
  New Jersey Transportation Trust Fund Authority Fuel Sales Tax Revenue 4.000%  6/15/39      10,410     10,418
  New Jersey Transportation Trust Fund Authority Fuel Sales Tax Revenue 5.000%  6/15/39       5,250      5,614
  New Jersey Transportation Trust Fund Authority Fuel Sales Tax Revenue 4.000%  6/15/40       3,195      3,174
  New Jersey Transportation Trust Fund Authority Fuel Sales Tax Revenue 5.000%  6/15/40       5,250      5,582
  New Jersey Transportation Trust Fund Authority Fuel Sales Tax Revenue, Prere. 5.000% 12/15/28       2,500      2,692
  New Jersey Transportation Trust Fund Authority Intergovernmental Agreement Revenue 5.000%  6/15/32      31,830     35,769
  New Jersey Transportation Trust Fund Authority Intergovernmental Agreement Revenue 5.000%  6/15/33      38,500     43,670
  New Jersey Transportation Trust Fund Authority Intergovernmental Agreement Revenue 5.000%  6/15/34      30,000     34,309
  New Jersey Transportation Trust Fund Authority Intergovernmental Agreement Revenue 5.000%  6/15/35      29,155     33,385
  New Jersey Transportation Trust Fund Authority Intergovernmental Agreement Revenue 5.000%  6/15/36       2,000      2,242
  New Jersey Transportation Trust Fund Authority Intergovernmental Agreement Revenue 5.000%  6/15/37       5,000      5,575
  New Jersey Transportation Trust Fund Authority Intergovernmental Agreement Revenue 5.000%  6/15/37      14,750     16,704
  New Jersey Transportation Trust Fund Authority Intergovernmental Agreement Revenue 5.000%  6/15/38       3,000      3,327
  New Jersey Transportation Trust Fund Authority Intergovernmental Agreement Revenue 5.000%  6/15/40       8,800      9,779
  New Jersey Transportation Trust Fund Authority Intergovernmental Agreement Revenue 5.250%  6/15/41       4,750      5,337
  New Jersey Transportation Trust Fund Authority Intergovernmental Agreement Revenue 5.000%  6/15/42       4,000      4,380
  New Jersey Transportation Trust Fund Authority Intergovernmental Agreement Revenue (Transportation Program) 5.000%  6/15/33       5,000      5,671
  New Jersey Transportation Trust Fund Authority Intergovernmental Agreement Revenue (Transportation Program) 5.000%  6/15/34       4,000      4,575
  New Jersey Transportation Trust Fund Authority Intergovernmental Agreement Revenue (Transportation Program) 5.000%  6/15/35       2,750      3,150
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  New Jersey Transportation Trust Fund Authority Intergovernmental Agreement Revenue (Transportation Program) 5.000%  6/15/40       1,925      2,140
  New Jersey Transportation Trust Fund Authority Intergovernmental Agreement Revenue (Transportation Program) 5.000%  6/15/41       1,000      1,103
  New Jersey Transportation Trust Fund Authority Lease (Appropriation) Revenue 0.000% 12/15/34      12,650      8,695
  New Jersey Transportation Trust Fund Authority Lease (Appropriation) Revenue 0.000% 12/15/38      48,105     27,223
  New Jersey Transportation Trust Fund Authority Lease (Appropriation) Revenue 0.000% 12/15/39      43,800     23,502
  New Jersey Turnpike Authority Highway Revenue 5.000%   1/1/27       3,835      3,994
  New Jersey Turnpike Authority Highway Revenue 5.000%   1/1/27       2,000      2,083
  New Jersey Turnpike Authority Highway Revenue 5.000%   1/1/28      10,220     10,390
  New Jersey Turnpike Authority Highway Revenue 5.000%   1/1/29      17,350     18,003
  New Jersey Turnpike Authority Highway Revenue 5.000%   1/1/30      29,705     30,805
  New Jersey Turnpike Authority Highway Revenue 5.000%   1/1/30       3,000      3,175
  New Jersey Turnpike Authority Highway Revenue 5.000%   1/1/32       7,065      7,451
  New Jersey Turnpike Authority Highway Revenue 5.000%   1/1/32      20,000     22,449
  New Jersey Turnpike Authority Highway Revenue 4.000%   1/1/33      28,000     28,597
  New Jersey Turnpike Authority Highway Revenue 5.000%   1/1/33       5,010      5,272
  New Jersey Turnpike Authority Highway Revenue 5.000%   1/1/33      16,000     18,144
  New Jersey Turnpike Authority Highway Revenue 4.000%   1/1/34       3,000      3,054
  New Jersey Turnpike Authority Highway Revenue 4.000%   1/1/34      67,500     68,714
  New Jersey Turnpike Authority Highway Revenue 5.000%   1/1/34       7,395      7,763
  New Jersey Turnpike Authority Highway Revenue 5.000%   1/1/34      14,000     16,012
  New Jersey Turnpike Authority Highway Revenue 4.000%   1/1/35       2,000      2,029
  New Jersey Turnpike Authority Highway Revenue 5.000%   1/1/37       7,000      7,302
  New Jersey Turnpike Authority Highway Revenue 4.000%   1/1/42       3,815      3,816
  New Jersey Turnpike Authority Highway Revenue 5.000%   1/1/42      25,000     27,369
  New Jersey Turnpike Authority Highway Revenue 5.000%   1/1/43       6,000      6,552
  New Jersey Turnpike Authority Highway Revenue 5.000%   1/1/43       8,875      9,673
  New Jersey Turnpike Authority Highway Revenue 5.000%   1/1/44       5,000      5,436
  New Jersey Turnpike Authority Highway Revenue 5.000%   1/1/44       3,000      3,256
3 Newark NJ Mass Transit Access Tax Miscellaneous Taxes Revenue 5.000% 11/15/42       1,500      1,633
  Passaic County NJ GO 0.050%  11/1/34       3,000      1,931
  Pennsauken Township NJ GO 4.000%   3/1/37       2,205      2,268
  Pennsauken Township NJ GO 4.000%   3/1/38       2,295      2,343
  Pennsauken Township NJ GO 4.000%   3/1/39       2,390      2,426
  South Jersey Transportation Authority Highway Revenue 5.000%  11/1/28       1,255      1,257
  South Jersey Transportation Authority Highway Revenue 5.000%  11/1/29       1,500      1,503
  South Jersey Transportation Authority Highway Revenue 5.000%  11/1/30       2,030      2,034
3 South Jersey Transportation Authority Highway Revenue 5.000%  11/1/30       1,290      1,401
  South Jersey Transportation Authority Highway Revenue 5.000%  11/1/31       1,190      1,192
3 South Jersey Transportation Authority Highway Revenue 5.000%  11/1/31       1,250      1,354
  South Jersey Transportation Authority Highway Revenue 5.000%  11/1/32       1,000      1,002
3 South Jersey Transportation Authority Highway Revenue 5.000%  11/1/32       1,000      1,081
3 South Jersey Transportation Authority Highway Revenue 5.000%  11/1/33         250        269
  South Jersey Transportation Authority Highway Revenue 5.000%  11/1/33         950        952
  South Jersey Transportation Authority Highway Revenue 5.000%  11/1/34       1,000      1,002
  South Jersey Transportation Authority Highway Revenue 5.000%  11/1/39       8,650      8,665
  South Jersey Transportation Authority Highway Revenue 4.000%  11/1/40       8,025      7,858
1 South Jersey Transportation Authority Highway Revenue 5.000%  11/1/41       4,775      5,066
  Tobacco Settlement Financing Corp. Tobacco Settlement Funded Revenue 5.000%   6/1/26      19,510     19,862
  Tobacco Settlement Financing Corp. Tobacco Settlement Funded Revenue 5.000%   6/1/27      26,895     27,707
  Tobacco Settlement Financing Corp. Tobacco Settlement Funded Revenue 5.000%   6/1/28       4,330      4,511
  Tobacco Settlement Financing Corp. Tobacco Settlement Funded Revenue 5.000%   6/1/29      17,280     17,986
  Tobacco Settlement Financing Corp. Tobacco Settlement Funded Revenue 5.000%   6/1/30       8,220      8,551
  Tobacco Settlement Financing Corp. Tobacco Settlement Funded Revenue 5.000%   6/1/31      25,070     26,038
  Tobacco Settlement Financing Corp. Tobacco Settlement Funded Revenue 5.000%   6/1/32      25,165     26,089
  Tobacco Settlement Financing Corp. Tobacco Settlement Funded Revenue 5.000%   6/1/33      11,750     12,156
  Tobacco Settlement Financing Corp. Tobacco Settlement Funded Revenue 5.000%   6/1/34      33,990     35,099
  Tobacco Settlement Financing Corp. Tobacco Settlement Funded Revenue 5.000%   6/1/35      30,000     30,922
  Tobacco Settlement Financing Corp. Tobacco Settlement Funded Revenue 5.000%   6/1/36      37,000     38,076
  Tobacco Settlement Financing Corp. Tobacco Settlement Funded Revenue 4.000%   6/1/37       3,415      3,346
  Tobacco Settlement Financing Corp. Tobacco Settlement Funded Revenue 5.000%   6/1/37      22,500     23,114
  Toms River Board of Education GO 3.000%  7/15/31       6,000      5,813
  Toms River Board of Education GO 3.000%  7/15/32       5,900      5,641
  Toms River Board of Education GO 3.000%  7/15/34       8,720      8,099
  Toms River Board of Education GO 3.000%  7/15/35       3,120      2,855
  Verona Township NJ GO 4.000%   6/1/40       1,760      1,788
  Verona Township NJ GO 4.000%   6/1/41       1,760      1,775
                                   2,533,067
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
New Mexico (0.2%)
  Albuquerque Municipal School District No. 12 GO 4.000%   8/1/30       2,500      2,511
  Albuquerque Municipal School District No. 12 GO 3.000%   8/1/33         650        620
  Albuquerque Municipal School District No. 12 GO 3.000%   8/1/34         400        378
  Farmington NM Electric Power & Light Revenue (Public Service Co. of New Mexico San Jaun & Four Corners Projects) 2.150%   4/1/33      14,960     12,396
  Farmington NM Electric Power & Light Revenue (Public Service Co. of New Mexico San Jaun & Four Corners Projects) 2.150%   4/1/33      21,350     17,690
  Farmington NM Electric Power & Light Revenue (Public Service Co. of New Mexico San Jaun Project) PUT 3.875%   6/1/29       2,815      2,856
  Farmington NM Industrial Revenue (Four Corners Project) 1.800%   4/1/29      19,385     17,187
  Farmington NM Industrial Revenue (San Juan Project) PUT 3.875%   6/1/29       4,005      4,064
  Farmington NM Industrial Revenue (San Juan Project) PUT 3.875%   6/1/29       4,565      4,632
  Farmington NM Industrial Revenue (Southern California Edison Co. Four Corners Project) 1.800%   4/1/29      13,420     11,898
  Farmington NM Industrial Revenue (Southern California Edison Co. Four Corners Project) 1.800%   4/1/29      20,390     18,078
  Farmington NM Industrial Revenue PUT 3.900%   6/1/28       9,850      9,975
  New Mexico Finance Authority Lease Revenue 5.000%  6/15/27       1,480      1,557
  New Mexico Hospital Equipment Loan Council Health, Hospital, Nursing Home Revenue 5.000%   6/1/28         900        937
  New Mexico Hospital Equipment Loan Council Health, Hospital, Nursing Home Revenue 5.000%   6/1/29         830        870
  New Mexico Hospital Equipment Loan Council Health, Hospital, Nursing Home Revenue 5.000%   6/1/31       1,375      1,445
  New Mexico Hospital Equipment Loan Council Health, Hospital, Nursing Home Revenue 5.000%   6/1/32       1,000      1,043
  New Mexico Hospital Equipment Loan Council Health, Hospital, Nursing Home Revenue 4.000%   6/1/33       2,040      2,001
  New Mexico Hospital Equipment Loan Council Health, Hospital, Nursing Home Revenue 4.000%   6/1/34       1,360      1,314
  New Mexico Hospital Equipment Loan Council Health, Hospital, Nursing Home Revenue 4.000%   6/1/35       1,000        952
  New Mexico Hospital Equipment Loan Council Health, Hospital, Nursing Home Revenue 5.000%   8/1/35       1,000      1,059
  New Mexico Hospital Equipment Loan Council Health, Hospital, Nursing Home Revenue VRDO 1.850%   2/3/25       2,800      2,800
  New Mexico Hospital Equipment Loan Council Health, Hospital, Nursing Home Revenue, ETM 5.000%   8/1/25       1,010      1,019
  New Mexico Hospital Equipment Loan Council Health, Hospital, Nursing Home Revenue, Prere. 5.000%   8/1/25       1,060      1,070
  New Mexico Hospital Equipment Loan Council Health, Hospital, Nursing Home Revenue, Prere. 5.000%   8/1/25       1,465      1,478
  New Mexico Hospital Equipment Loan Council Health, Hospital, Nursing Home Revenue, Prere. 5.000%   8/1/25       3,000      3,027
  New Mexico Hospital Equipment Loan Council Health, Hospital, Nursing Home Revenue, Prere. 5.000%   8/1/25       3,000      3,027
  New Mexico Hospital Equipment Loan Council Health, Hospital, Nursing Home Revenue, Prere. 5.000%   8/1/25       3,685      3,719
  New Mexico Hospital Equipment Loan Council Health, Hospital, Nursing Home Revenue, Prere. 5.000%   8/1/25       2,500      2,523
  New Mexico Mortgage Finance Authority Local or Guaranteed Housing Revenue 4.250%   3/1/53       1,785      1,808
  New Mexico Mortgage Finance Authority Local or Guaranteed Housing Revenue (Single Family Mortgage Program) 3.000%   1/1/52       3,645      3,558
  New Mexico Mortgage Finance Authority Local or Guaranteed Housing Revenue (Single Family Mortgage Program) 3.000%   3/1/53       3,250      3,169
  New Mexico Mortgage Finance Authority Local or Guaranteed Housing Revenue (Single Family Mortgage Program) 5.750%   3/1/54       1,830      1,960
  New Mexico Municipal Energy Acquisition Authority Natural Gas Revenue PUT 5.000%   5/1/25      11,200     11,237
  Santa Fe County NM Local or Guaranteed Housing Revenue PUT 3.290%   6/1/28       1,435      1,429
  Santa Fe NM Health, Hospital, Nursing Home Revenue (El Castillo Retirement Project) 5.000%  5/15/34         650        669
  Santa Fe NM Health, Hospital, Nursing Home Revenue (El Castillo Retirement Project) 5.000%  5/15/39         480        488
4 Winrock Town Center Tax Increment Development District No. 1 Tax Increment/Allocation Revenue 4.000%   5/1/33       3,785      3,651
                                     160,095
New York (13.0%)
4 ABAG Nonprofit Corp. Finance Authority Miscellaneous Revenue TOB VRDO 2.100%   2/3/25      95,100     95,100
  Battery Park City Authority Miscellaneous Revenue 5.000%  11/1/39       7,925      8,522
  Brooklyn Arena Local Development Corp. Miscellaneous Revenue (Barclays Center Project) 5.000%  7/15/25       1,960      1,973
  Brooklyn Arena Local Development Corp. Miscellaneous Revenue (Barclays Center Project) 5.000%  7/15/26       3,015      3,076
  Brooklyn Arena Local Development Corp. Miscellaneous Revenue (Barclays Center Project) 5.000%  7/15/30       8,500      8,698
  Brooklyn Arena Local Development Corp. Recreational Revenue (Barclays Center Project) 0.000%  7/15/31       9,120      7,113
  Brooklyn Arena Local Development Corp. Recreational Revenue (Barclays Center Project) 0.000%  7/15/32      18,000     13,460
  Brooklyn Arena Local Development Corp. Recreational Revenue (Barclays Center Project) 0.000%  7/15/33      14,105     10,102
  Brooklyn Arena Local Development Corp. Recreational Revenue (Barclays Center Project) 0.000%  7/15/35       3,000      1,969
3 Broome County Local Development Corp. Health, Hospital, Nursing Home Revenue 5.000%   4/1/29       2,460      2,615
3 Broome County Local Development Corp. Health, Hospital, Nursing Home Revenue 5.000%   4/1/31       1,200      1,285
3 Broome County Local Development Corp. Health, Hospital, Nursing Home Revenue 5.000%   4/1/32       1,220      1,303
3 Broome County Local Development Corp. Health, Hospital, Nursing Home Revenue 3.000%   4/1/36       1,100      1,010
  Broome County Local Development Corp. Health, Hospital, Nursing Home Revenue (Good Shepherd Village at Endwell Inc. Project) 4.000%   7/1/31       1,565      1,532
  Broome County Local Development Corp. Health, Hospital, Nursing Home Revenue (Good Shepherd Village at Endwell Inc. Project) 4.000%   7/1/36       1,600      1,529
3 Broome County Local Development Corp. Health, Hospital, Nursing Home Revenue (United Health Services Hospitals Inc. Project) 3.000%   4/1/35       1,200      1,111
  Buffalo & Fort Erie Public Bridge Authority Highway Revenue 5.000%   1/1/33       1,340      1,379
  Buffalo & Fort Erie Public Bridge Authority Highway Revenue 5.000%   1/1/34       1,000      1,028
  Buffalo & Fort Erie Public Bridge Authority Highway Revenue 5.000%   1/1/36       1,010      1,037
  Buffalo & Fort Erie Public Bridge Authority Highway Revenue 5.000%   1/1/37       1,035      1,061
  Build NYC Resource Corp. Charter School Aid Revenue 5.000%   7/1/42         600        607
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
4 Build NYC Resource Corp. Charter School Aid Revenue (East Harlem Scholars Academy Charter School Project) 5.000%   6/1/32       1,150      1,205
  Build NYC Resource Corp. Charter School Aid Revenue (KIPP NYC Public School Facilities - Canal West Project) 5.000%   7/1/31         575        617
  Build NYC Resource Corp. Charter School Aid Revenue (KIPP NYC Public School Facilities - Canal West Project) 5.000%   7/1/32         560        603
  Build NYC Resource Corp. Charter School Aid Revenue (KIPP NYC Public School Facilities - Canal West Project) 5.000%   7/1/33         590        632
  Build NYC Resource Corp. Charter School Aid Revenue (KIPP NYC Public School Facilities - Canal West Project) 5.000%   7/1/36         430        455
  Build NYC Resource Corp. Charter School Aid Revenue (KIPP NYC Public School Facilities - Canal West Project) 5.000%   7/1/37       1,390      1,466
  Build NYC Resource Corp. Charter School Aid Revenue (KIPP NYC Public School Facilities - Canal West Project) 5.000%   7/1/42       2,500      2,576
  Build NYC Resource Corp. College & University Revenue (New York Law School Project) 5.000%   7/1/25       3,485      3,496
  Build NYC Resource Corp. College & University Revenue (New York Law School Project) 5.000%   7/1/26       3,660      3,684
  Build NYC Resource Corp. College & University Revenue (New York Law School Project) 5.000%   7/1/27       3,305      3,329
  Build NYC Resource Corp. College & University Revenue (New York Law School Project) 5.000%   7/1/29       1,750      1,761
4 Deutsche Bank Spears/Lifers Trust Revenue TOB VRDO 2.100%   2/3/25      34,300     34,300
  Dutchess County Local Development Corp. College & University Revenue (The Culinary Institute of America Project) 5.000%   7/1/25         900        904
  Dutchess County Local Development Corp. College & University Revenue (The Culinary Institute of America Project) 5.000%   7/1/27       1,020      1,040
  Dutchess County Local Development Corp. College & University Revenue (The Culinary Institute of America Project) 5.000%   7/1/28         430        438
  Dutchess County Local Development Corp. College & University Revenue (The Culinary Institute of America Project) 5.000%   7/1/29         960        977
  Dutchess County Local Development Corp. College & University Revenue (The Culinary Institute of America Project) 5.000%   7/1/29       1,010      1,050
  Dutchess County Local Development Corp. College & University Revenue (The Culinary Institute of America Project) 5.000%   7/1/30         185        188
  Dutchess County Local Development Corp. College & University Revenue (The Culinary Institute of America Project) 5.000%   7/1/31         380        386
  Dutchess County Local Development Corp. College & University Revenue (The Culinary Institute of America Project) 5.000%   7/1/32         200        203
  Dutchess County Local Development Corp. College & University Revenue (The Culinary Institute of America Project) 5.000%   7/1/32         450        476
  Dutchess County Local Development Corp. College & University Revenue (The Culinary Institute of America Project) 5.000%   7/1/33         475        501
  Dutchess County Local Development Corp. College & University Revenue (The Culinary Institute of America Project) 5.000%   7/1/34         500        526
  Dutchess County Local Development Corp. College & University Revenue (The Culinary Institute of America Project) 4.000%   7/1/35         520        506
  Dutchess County Local Development Corp. College & University Revenue (The Culinary Institute of America Project) 4.000%   7/1/36         540        522
  Dutchess County Local Development Corp. College & University Revenue (The Culinary Institute of America Project) 4.000%   7/1/38         580        544
  Dutchess County Local Development Corp. College & University Revenue (The Culinary Institute of America Project) 4.000%   7/1/39         605        558
  Dutchess County Local Development Corp. College & University Revenue (The Culinary Institute of America Project) 4.000%   7/1/40         625        571
  Dutchess County Local Development Corp. College & University Revenue (The Culinary Institute of America Project) 4.000%   7/1/42         675        605
  Dutchess County Local Development Corp. Health, Hospital, Nursing Home Revenue 5.000%   7/1/25       1,310      1,314
  Dutchess County Local Development Corp. Health, Hospital, Nursing Home Revenue 5.000%   7/1/25       4,190      4,212
  Dutchess County Local Development Corp. Health, Hospital, Nursing Home Revenue 5.000%   7/1/26       1,460      1,480
  Dutchess County Local Development Corp. Health, Hospital, Nursing Home Revenue 5.000%   7/1/28       5,470      5,574
  Dutchess County Local Development Corp. Health, Hospital, Nursing Home Revenue 5.000%   7/1/33       2,915      3,056
  Empire State Development Corp. Income Tax Revenue 5.000%  3/15/26      22,375     22,960
  Empire State Development Corp. Income Tax Revenue 5.000%  3/15/30       1,105      1,117
  Empire State Development Corp. Income Tax Revenue 5.000%  3/15/31      30,000     30,328
  Empire State Development Corp. Income Tax Revenue 5.000%  3/15/31       6,000      6,134
  Empire State Development Corp. Income Tax Revenue 5.000%  3/15/34      20,025     20,226
  Empire State Development Corp. Income Tax Revenue 5.000%  3/15/35      28,920     29,892
  Empire State Development Corp. Income Tax Revenue 5.000%  3/15/35       7,620      7,695
  Empire State Development Corp. Income Tax Revenue 5.000%  3/15/36      44,080     45,510
  Empire State Development Corp. Income Tax Revenue 4.000%  3/15/37       8,620      8,803
  Empire State Development Corp. Income Tax Revenue 5.000%  3/15/37      46,400     47,860
  Empire State Development Corp. Income Tax Revenue 4.000%  3/15/38       6,200      6,279
  Empire State Development Corp. Income Tax Revenue 4.000%  3/15/39       9,800      9,883
  Empire State Development Corp. Income Tax Revenue 4.000%  3/15/39      10,000     10,078
  Empire State Development Corp. Income Tax Revenue 3.000%  3/15/40      15,355     13,230
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Empire State Development Corp. Income Tax Revenue 4.000%  3/15/40      10,000     10,022
  Empire State Development Corp. Income Tax Revenue 5.000%  3/15/41       9,460     10,088
  Empire State Development Corp. Income Tax Revenue 4.000%  3/15/42       8,000      7,895
  Empire State Development Corp. Income Tax Revenue 4.000%  3/15/43       9,835      9,690
  Empire State Development Corp. Income Tax Revenue 5.000%  3/15/43       5,000      5,288
  Empire State Development Corp. Income Tax Revenue 5.000%  3/15/45       7,200      7,721
  Empire State Development Corp. Income Tax Revenue, Prere. 5.000%  3/15/26      24,145     24,767
  Empire State Development Corp. Intergovernmental Agreement Revenue 5.000%  3/15/29       7,050      7,661
  Empire State Development Corp. Intergovernmental Agreement Revenue 5.000%  3/15/30      19,000     20,981
  Empire State Development Corp. Lease (Appropriation) Revenue 5.000%  3/15/37       4,295      4,604
  Empire State Development Corp. Lease (Appropriation) Revenue 4.000%  3/15/38      13,000     13,216
  Empire State Development Corp. Lease (Appropriation) Revenue 5.000%  3/15/38       7,000      7,477
  Empire State Development Corp. Lease (Appropriation) Revenue 3.000%  3/15/40       9,830      8,519
  Empire State Development Corp. Lease (Appropriation) Revenue 3.000%  3/15/41      54,525     46,487
  Empire State Development Corp. Lease (Appropriation) Revenue 3.000%  3/15/42      52,975     44,360
  Empire State Development Corp. Lease (Appropriation) Revenue 4.000%  3/15/45       1,000        967
  Erie County Fiscal Stability Authority Sales Tax Revenue 5.000%   9/1/30         625        655
  Erie County Fiscal Stability Authority Sales Tax Revenue 5.000%   9/1/32         575        600
  Erie County Fiscal Stability Authority Sales Tax Revenue 5.000%   9/1/33         525        547
  Erie County Fiscal Stability Authority Sales Tax Revenue 5.000%   9/1/34         875        911
  Erie County Fiscal Stability Authority Sales Tax Revenue 5.000%   9/1/35       1,305      1,358
  Erie County Fiscal Stability Authority Sales Tax Revenue 5.000%   9/1/36       1,825      1,898
14 Freddie Mac Pool 4.400%  10/1/40      16,000     16,162
14 Freddie Mac Pool 4.350%   4/1/41       4,448      4,297
  Genesee County Funding Corp. Health, Hospital, Nursing Home Revenue 5.000%  12/1/31         425        459
  Genesee County Funding Corp. Health, Hospital, Nursing Home Revenue 5.000%  12/1/32         600        649
  Genesee County Funding Corp. Health, Hospital, Nursing Home Revenue 5.000%  12/1/33         750        806
  Genesee County Funding Corp. Health, Hospital, Nursing Home Revenue 5.000%  12/1/34         820        879
  Genesee County Funding Corp. Health, Hospital, Nursing Home Revenue 5.000%  12/1/36       1,205      1,282
  Genesee County Funding Corp. Health, Hospital, Nursing Home Revenue 5.000%  12/1/37       1,895      2,005
  Genesee County Funding Corp. Health, Hospital, Nursing Home Revenue 5.000%  12/1/38       1,760      1,860
  Genesee County Funding Corp. Health, Hospital, Nursing Home Revenue 5.000%  12/1/41         425        440
  Hudson Yards Infrastructure Corp. Miscellaneous Revenue 5.000%  2/15/31       6,000      6,243
  Hudson Yards Infrastructure Corp. Miscellaneous Revenue 5.000%  2/15/33      14,035     14,544
  Hudson Yards Infrastructure Corp. Miscellaneous Revenue 5.000%  2/15/34      28,775     29,744
  Hudson Yards Infrastructure Corp. Miscellaneous Revenue 5.000%  2/15/36      24,300     25,066
  Hudson Yards Infrastructure Corp. Miscellaneous Revenue 5.000%  2/15/37      16,060     16,552
  Hudson Yards Infrastructure Corp. Miscellaneous Revenue 4.000%  2/15/40       5,000      5,029
  Hudson Yards Infrastructure Corp. Miscellaneous Revenue 4.000%  2/15/42      13,000     12,886
  Hudson Yards Infrastructure Corp. Miscellaneous Revenue 5.000%  2/15/42       3,000      3,068
  Long Island Power Authority Electric Power & Light Revenue 5.000%   9/1/27       3,380      3,578
  Long Island Power Authority Electric Power & Light Revenue 5.000%   9/1/31       2,060      2,152
  Long Island Power Authority Electric Power & Light Revenue 5.000%   9/1/32       1,000      1,045
  Long Island Power Authority Electric Power & Light Revenue 5.000%   9/1/35       8,600      9,106
  Long Island Power Authority Electric Power & Light Revenue 3.000%   9/1/36       5,225      4,812
  Long Island Power Authority Electric Power & Light Revenue 5.000%   9/1/36       2,000      2,081
  Long Island Power Authority Electric Power & Light Revenue 5.000%   9/1/37       5,885      6,202
  Long Island Power Authority Electric Power & Light Revenue 5.000%   9/1/38       3,850      4,050
  Long Island Power Authority Electric Power & Light Revenue 5.000%   9/1/38       1,500      1,630
  Long Island Power Authority Electric Power & Light Revenue 5.000%   9/1/41       1,625      1,765
  Long Island Power Authority Electric Power & Light Revenue 5.000%   9/1/42       2,000      2,157
  Long Island Power Authority Electric Power & Light Revenue PUT 0.850%   9/1/25      21,000     20,675
  Long Island Power Authority Electric Power & Light Revenue PUT 1.500%   9/1/26       1,645      1,593
  Long Island Power Authority Electric Power & Light Revenue PUT 3.000%   9/1/29      11,480     11,228
  Metropolitan Transportation Authority Dedicated Tax Fund Fuel Sales Tax Revenue 5.250% 11/15/30       8,815      9,152
  Metropolitan Transportation Authority Dedicated Tax Fund Fuel Sales Tax Revenue 4.000% 11/15/32       4,000      4,060
  Metropolitan Transportation Authority Dedicated Tax Fund Fuel Sales Tax Revenue 4.000% 11/15/33      27,000     27,350
  Metropolitan Transportation Authority Dedicated Tax Fund Fuel Sales Tax Revenue 5.000% 11/15/33      10,900     11,247
  Metropolitan Transportation Authority Dedicated Tax Fund Fuel Sales Tax Revenue 5.000% 11/15/34      11,445     11,800
  Metropolitan Transportation Authority Dedicated Tax Fund Fuel Sales Tax Revenue 5.000% 11/15/34       2,500      2,601
  Metropolitan Transportation Authority Dedicated Tax Fund Fuel Sales Tax Revenue 5.000% 11/15/35       5,000      5,195
  Metropolitan Transportation Authority Dedicated Tax Fund Fuel Sales Tax Revenue 5.000% 11/15/35       5,000      5,146
  Metropolitan Transportation Authority Dedicated Tax Fund Fuel Sales Tax Revenue 5.000% 11/15/36      59,800     61,495
  Metropolitan Transportation Authority Dedicated Tax Fund Fuel Sales Tax Revenue 5.000% 11/15/38       1,000      1,026
  Metropolitan Transportation Authority Dedicated Tax Fund Fuel Sales Tax Revenue 5.000% 11/15/41       1,855      2,059
  Metropolitan Transportation Authority Dedicated Tax Fund Fuel Sales Tax Revenue 5.250% 11/15/42       4,500      5,059
  Metropolitan Transportation Authority Dedicated Tax Fund Fuel Sales Tax Revenue 5.000% 11/15/43       1,345      1,471
  Metropolitan Transportation Authority Dedicated Tax Fund Fuel Sales Tax Revenue 5.000% 11/15/44       3,725      4,048
  Metropolitan Transportation Authority Dedicated Tax Fund Fuel Sales Tax Revenue 5.250% 11/15/45       6,630      7,316
  Metropolitan Transportation Authority Dedicated Tax Fund Fuel Sales Tax Revenue 5.000% 11/15/47       9,860     10,575
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Metropolitan Transportation Authority Dedicated Tax Fund Miscellaneous Taxes Revenue 0.000% 11/15/32       8,000      6,010
  Metropolitan Transportation Authority Transit Revenue 4.000% 11/15/25         315        318
  Metropolitan Transportation Authority Transit Revenue 5.000% 11/15/25         370        376
  Metropolitan Transportation Authority Transit Revenue 4.000% 11/15/26       1,500      1,529
  Metropolitan Transportation Authority Transit Revenue 5.000% 11/15/26       4,000      4,148
  Metropolitan Transportation Authority Transit Revenue 5.000% 11/15/26       7,260      7,528
  Metropolitan Transportation Authority Transit Revenue 5.000% 11/15/26       2,795      2,898
  Metropolitan Transportation Authority Transit Revenue 5.000% 11/15/26       7,180      7,446
  Metropolitan Transportation Authority Transit Revenue 5.000% 11/15/27       1,900      1,961
  Metropolitan Transportation Authority Transit Revenue 5.000% 11/15/27       1,695      1,749
  Metropolitan Transportation Authority Transit Revenue 5.000% 11/15/28       4,515      4,790
  Metropolitan Transportation Authority Transit Revenue 5.000% 11/15/29       3,585      3,723
  Metropolitan Transportation Authority Transit Revenue 5.000% 11/15/29       1,855      1,926
  Metropolitan Transportation Authority Transit Revenue 5.000% 11/15/30       5,000      5,193
  Metropolitan Transportation Authority Transit Revenue 5.000% 11/15/30       2,050      2,106
  Metropolitan Transportation Authority Transit Revenue 5.000% 11/15/30      45,285     47,794
  Metropolitan Transportation Authority Transit Revenue 5.000% 11/15/30         845        862
  Metropolitan Transportation Authority Transit Revenue 5.000% 11/15/30       9,730     10,741
  Metropolitan Transportation Authority Transit Revenue 5.250% 11/15/30       1,675      1,697
  Metropolitan Transportation Authority Transit Revenue 4.000% 11/15/31      63,305     64,101
  Metropolitan Transportation Authority Transit Revenue 5.000% 11/15/31       3,395      3,576
  Metropolitan Transportation Authority Transit Revenue 5.000% 11/15/31         790        805
  Metropolitan Transportation Authority Transit Revenue 5.000% 11/15/31         640        657
  Metropolitan Transportation Authority Transit Revenue 5.000% 11/15/31       7,500      8,327
  Metropolitan Transportation Authority Transit Revenue 5.000% 11/15/33       4,420      4,641
  Metropolitan Transportation Authority Transit Revenue 5.000% 11/15/33      30,000     33,652
  Metropolitan Transportation Authority Transit Revenue 5.000% 11/15/34      32,120     36,120
  Metropolitan Transportation Authority Transit Revenue 4.000% 11/15/36         370        369
  Metropolitan Transportation Authority Transit Revenue 4.000% 11/15/37       1,230      1,233
  Metropolitan Transportation Authority Transit Revenue 5.000% 11/15/37      15,930     16,213
  Metropolitan Transportation Authority Transit Revenue 4.000% 11/15/38      41,325     41,493
3 Metropolitan Transportation Authority Transit Revenue 5.000% 11/15/39       3,260      3,443
  Metropolitan Transportation Authority Transit Revenue 4.000% 11/15/40       7,925      7,847
3 Metropolitan Transportation Authority Transit Revenue 5.000% 11/15/40       2,000      2,105
  Metropolitan Transportation Authority Transit Revenue 5.000% 11/15/40       7,000      7,620
  Metropolitan Transportation Authority Transit Revenue 5.000% 11/15/40      13,760     15,033
  Metropolitan Transportation Authority Transit Revenue 4.000% 11/15/41      28,000     27,450
  Metropolitan Transportation Authority Transit Revenue 4.000% 11/15/41      14,495     14,210
  Metropolitan Transportation Authority Transit Revenue 5.000% 11/15/41      10,705     11,606
  Metropolitan Transportation Authority Transit Revenue 4.000% 11/15/42      12,500     12,064
  Metropolitan Transportation Authority Transit Revenue 4.000% 11/15/42      21,000     20,369
  Metropolitan Transportation Authority Transit Revenue 4.000% 11/15/42      16,720     16,217
  Metropolitan Transportation Authority Transit Revenue 5.000% 11/15/42       7,440      8,011
  Metropolitan Transportation Authority Transit Revenue 4.000% 11/15/43       4,300      4,128
  Metropolitan Transportation Authority Transit Revenue 4.000% 11/15/43       6,505      6,244
  Metropolitan Transportation Authority Transit Revenue 5.000% 11/15/43      19,750     20,611
  Metropolitan Transportation Authority Transit Revenue 5.000% 11/15/43       1,200      1,284
  Metropolitan Transportation Authority Transit Revenue 5.000% 11/15/44      13,410     14,234
  Metropolitan Transportation Authority Transit Revenue 4.000% 11/15/45       4,000      3,777
  Metropolitan Transportation Authority Transit Revenue 5.000% 11/15/45       3,500      3,625
  Metropolitan Transportation Authority Transit Revenue PUT 5.000%  5/15/30      34,285     36,536
  Monroe County Industrial Development Corp. Lease (Appropriation) Revenue (Rochester Schools Modernization Project) 5.000%   5/1/29       2,290      2,396
  Monroe County Industrial Development Corp. Lease (Appropriation) Revenue (Rochester Schools Modernization Project) 5.000%   5/1/33       1,765      1,837
  Monroe County Industrial Development Corp. Local or Guaranteed Housing Revenue 4.720%   1/1/44       8,000      8,160
  Monroe County NY GO 2.000%   6/1/33       1,755      1,480
  Monroe County NY Industrial Development Corp. College & University Revenue (St. John Fisher University Project) 5.000%   6/1/37         745        820
  Monroe County NY Industrial Development Corp. College & University Revenue (St. John Fisher University Project) 5.000%   6/1/38         800        877
  Monroe County NY Industrial Development Corp. College & University Revenue (St. John Fisher University Project) 5.000%   6/1/40       1,150      1,240
  Monroe County NY Industrial Development Corp. College & University Revenue (St. John Fisher University Project) 5.000%   6/1/41       1,000      1,069
  Monroe County NY Industrial Development Corp. College & University Revenue (St. John Fisher University Project) 5.000%   6/1/42       1,000      1,064
  Monroe County NY Industrial Development Corp. College & University Revenue (St. John Fisher University Project) 5.000%   6/1/44       1,615      1,704
  Monroe County NY Industrial Development Corp. Health, Hospital, Nursing Home Revenue (Rochester Regional Health Project) 5.000%  12/1/29       1,325      1,413
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Monroe County NY Industrial Development Corp. Health, Hospital, Nursing Home Revenue (Rochester Regional Health Project) 5.000%  12/1/30       3,250      3,492
  Monroe County NY Industrial Development Corp. Health, Hospital, Nursing Home Revenue (Rochester Regional Health Project) 5.000%  12/1/31       4,225      4,516
  Monroe County NY Industrial Development Corp. Health, Hospital, Nursing Home Revenue (Rochester Regional Health Project) 4.000%  12/1/35       2,750      2,705
  Monroe County NY Industrial Development Corp. Health, Hospital, Nursing Home Revenue (Rochester Regional Health Project) 4.000%  12/1/36       1,745      1,709
  Monroe County NY Industrial Development Corp. Health, Hospital, Nursing Home Revenue (Rochester Regional Health Project) 3.000%  12/1/37       4,000      3,197
  Nassau County Local Economic Assistance Corp. Health, Hospital, Nursing Home Revenue 5.000%   7/1/25       1,765      1,768
  Nassau County Local Economic Assistance Corp. Health, Hospital, Nursing Home Revenue 5.000%   7/1/26       3,240      3,243
  Nassau County Local Economic Assistance Corp. Health, Hospital, Nursing Home Revenue 5.000%   7/1/27       3,090      3,094
  New York City Housing Development Corp. Local or Guaranteed Housing Revenue 4.000% 12/15/31         650        662
  New York City Housing Development Corp. Local or Guaranteed Housing Revenue 4.375% 12/15/31       1,070      1,088
  New York City Housing Development Corp. Local or Guaranteed Housing Revenue 3.500%  11/1/33       4,735      4,651
  New York City Housing Development Corp. Local or Guaranteed Housing Revenue 2.100%  11/1/35       9,120      7,409
15 New York City Housing Development Corp. Local or Guaranteed Housing Revenue 2.150%  11/1/36       1,310      1,049
  New York City Housing Development Corp. Local or Guaranteed Housing Revenue 3.700%  11/1/38       7,860      7,484
  New York City Housing Development Corp. Local or Guaranteed Housing Revenue 3.000%  11/1/39      14,900     12,399
  New York City Housing Development Corp. Local or Guaranteed Housing Revenue 2.350%  11/1/40      33,000     24,175
  New York City Housing Development Corp. Local or Guaranteed Housing Revenue 4.600%  11/1/43       1,000      1,012
15 New York City Housing Development Corp. Local or Guaranteed Housing Revenue PUT 0.600%   7/1/25       5,060      4,998
  New York City Housing Development Corp. Local or Guaranteed Housing Revenue PUT 0.700%   7/1/25         940        929
15 New York City Housing Development Corp. Local or Guaranteed Housing Revenue PUT 0.900%   1/1/26      16,160     15,751
  New York City Housing Development Corp. Local or Guaranteed Housing Revenue PUT 2.950%   2/1/26      34,510     34,415
15 New York City Housing Development Corp. Local or Guaranteed Housing Revenue PUT 3.400% 12/22/26       2,500      2,500
15 New York City Housing Development Corp. Local or Guaranteed Housing Revenue PUT 3.400% 12/22/26      12,405     12,360
  New York City Housing Development Corp. Local or Guaranteed Housing Revenue PUT 3.700% 12/30/27      31,785     31,861
  New York City Housing Development Corp. Local or Guaranteed Housing Revenue PUT 3.800%   1/3/28       1,000      1,009
  New York City Housing Development Corp. Local or Guaranteed Housing Revenue PUT 3.700%   7/3/28      18,750     18,956
  New York City Housing Development Corp. Local or Guaranteed Housing Revenue PUT 4.300%  11/1/28       5,800      5,925
  New York City Housing Development Corp. Local or Guaranteed Housing Revenue PUT 3.730% 12/29/28      12,315     12,362
  New York City Housing Development Corp. Local or Guaranteed Housing Revenue PUT 3.400%   1/2/29       4,470      4,435
3 New York City Industrial Development Agency Miscellaneous Revenue (Queens Baseball Stadium Project) 4.000%   1/1/32       2,405      2,474
3 New York City Industrial Development Agency Miscellaneous Revenue (Queens Baseball Stadium Project) 3.000%   1/1/36       2,005      1,826
3 New York City Industrial Development Agency Miscellaneous Revenue (Queens Baseball Stadium Project) 3.000%   1/1/39       1,500      1,299
3 New York City Industrial Development Agency Miscellaneous Revenue (Queens Baseball Stadium Project) 3.000%   1/1/40       3,000      2,548
3 New York City Industrial Development Agency Miscellaneous Revenue (Yankee Stadium Project) PILOT 5.000%   3/1/28       2,600      2,749
3 New York City Industrial Development Agency Miscellaneous Revenue (Yankee Stadium Project) PILOT 3.000%   3/1/36      12,475     11,679
3 New York City Industrial Development Agency Miscellaneous Revenue (Yankee Stadium Project) PILOT 3.000%   3/1/38      31,000     28,086
3 New York City Industrial Development Agency Miscellaneous Revenue (Yankee Stadium Project) PILOT 3.000%   3/1/39      17,300     15,361
3 New York City Industrial Development Agency Miscellaneous Revenue (Yankee Stadium Project) PILOT 3.000%   3/1/40       7,500      6,523
8 New York City Industrial Development Agency Recreational Revenue PILOT 0.000%   3/1/31       1,435      1,139
8 New York City Industrial Development Agency Recreational Revenue PILOT 0.000%   3/1/32         275        208
  New York City Municipal Water Finance Authority Water Revenue 4.000%  6/15/33       2,460      2,495
  New York City Municipal Water Finance Authority Water Revenue 5.000%  6/15/33      10,205     10,656
  New York City Municipal Water Finance Authority Water Revenue 5.250%  6/15/33       9,820     10,309
  New York City Municipal Water Finance Authority Water Revenue 5.000%  6/15/34       5,190      5,270
  New York City Municipal Water Finance Authority Water Revenue 5.000%  6/15/35         500        586
  New York City Municipal Water Finance Authority Water Revenue 5.000%  6/15/36      22,165     22,482
  New York City Municipal Water Finance Authority Water Revenue 5.000%  6/15/36       9,000     10,599
  New York City Municipal Water Finance Authority Water Revenue 4.000%  6/15/37      13,360     13,470
  New York City Municipal Water Finance Authority Water Revenue 5.000%  6/15/37       1,040      1,046
  New York City Municipal Water Finance Authority Water Revenue 5.000%  6/15/37       1,795      1,861
  New York City Municipal Water Finance Authority Water Revenue 5.000%  6/15/38       1,000      1,035
  New York City Municipal Water Finance Authority Water Revenue 5.000%  6/15/38      26,945     28,063
  New York City Municipal Water Finance Authority Water Revenue 5.000%  6/15/38      15,040     15,805
  New York City Municipal Water Finance Authority Water Revenue 5.000%  6/15/38       6,065      6,244
  New York City Municipal Water Finance Authority Water Revenue 5.000%  6/15/38       2,000      2,070
  New York City Municipal Water Finance Authority Water Revenue 4.000%  6/15/39       1,940      1,960
  New York City Municipal Water Finance Authority Water Revenue 4.000%  6/15/39       5,290      5,329
  New York City Municipal Water Finance Authority Water Revenue 5.000%  6/15/39       8,100      8,144
  New York City Municipal Water Finance Authority Water Revenue 5.000%  6/15/39       5,080      5,326
  New York City Municipal Water Finance Authority Water Revenue 5.000%  6/15/39     100,610    106,450
  New York City Municipal Water Finance Authority Water Revenue 3.000%  6/15/40       2,000      1,709
  New York City Municipal Water Finance Authority Water Revenue 4.000%  6/15/40       7,100      7,112
  New York City Municipal Water Finance Authority Water Revenue 5.000%  6/15/40       3,000      3,185
  New York City Municipal Water Finance Authority Water Revenue 5.000%  6/15/40       8,000      8,376
  New York City Municipal Water Finance Authority Water Revenue 5.000%  6/15/40       2,500      2,594
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  New York City Municipal Water Finance Authority Water Revenue 5.000%  6/15/40       6,190      6,536
  New York City Municipal Water Finance Authority Water Revenue 4.000%  6/15/41       2,000      2,001
  New York City Municipal Water Finance Authority Water Revenue 4.000%  6/15/41      10,000     10,004
  New York City Municipal Water Finance Authority Water Revenue 3.500%  6/15/42      11,280      9,805
  New York City Municipal Water Finance Authority Water Revenue 4.000%  6/15/42       9,405      9,352
  New York City Municipal Water Finance Authority Water Revenue 4.000%  6/15/42       9,910      9,854
  New York City Municipal Water Finance Authority Water Revenue 4.000%  6/15/42      24,685     24,606
  New York City Municipal Water Finance Authority Water Revenue 5.000%  6/15/43       3,000      3,259
  New York City Municipal Water Finance Authority Water Revenue 5.000%  6/15/44       2,150      2,321
  New York City Municipal Water Finance Authority Water Revenue 4.000%  6/15/45       5,000      4,859
  New York City Municipal Water Finance Authority Water Revenue 4.000%  6/15/45      14,300     13,876
  New York City Municipal Water Finance Authority Water Revenue 5.000%  6/15/45      33,090     35,592
  New York City Municipal Water Finance Authority Water Revenue VRDO 1.550%   2/3/25      14,615     14,615
  New York City Transitional Finance Authority Building Aid Appropriations Revenue 5.000%  7/15/29      15,000     15,141
  New York City Transitional Finance Authority Building Aid Appropriations Revenue 5.000%  7/15/30       5,060      5,106
  New York City Transitional Finance Authority Building Aid Appropriations Revenue 5.000%  7/15/31       5,285      5,332
  New York City Transitional Finance Authority Building Aid Appropriations Revenue 5.000%  7/15/31      14,625     15,323
  New York City Transitional Finance Authority Building Aid Appropriations Revenue 5.000%  7/15/32       5,020      5,064
  New York City Transitional Finance Authority Building Aid Appropriations Revenue 5.000%  7/15/33      10,000     10,085
  New York City Transitional Finance Authority Building Aid Appropriations Revenue 5.000%  7/15/34      10,000     10,083
  New York City Transitional Finance Authority Building Aid Appropriations Revenue 5.000%  7/15/35       3,000      3,151
  New York City Transitional Finance Authority Building Aid Appropriations Revenue 5.000%  7/15/36      16,500     17,296
  New York City Transitional Finance Authority Building Aid Appropriations Revenue 5.000%  7/15/36       4,000      4,263
  New York City Transitional Finance Authority Building Aid Appropriations Revenue 3.000%  7/15/38       2,500      2,228
  New York City Transitional Finance Authority Building Aid Appropriations Revenue 4.000%  7/15/38      29,665     29,860
  New York City Transitional Finance Authority Building Aid Appropriations Revenue 3.000%  7/15/39       8,750      7,629
  New York City Transitional Finance Authority Building Aid Appropriations Revenue 3.000%  7/15/41       1,355      1,137
  New York City Transitional Finance Authority Building Aid Income Tax Revenue 5.000%  7/15/30       9,000      9,161
  New York City Transitional Finance Authority Building Aid Income Tax Revenue 5.000%  7/15/33       5,400      5,413
  New York City Transitional Finance Authority Building Aid Income Tax Revenue 5.000%  7/15/33       3,820      4,027
  New York City Transitional Finance Authority Building Aid Income Tax Revenue 5.000%  7/15/33       1,195      1,260
  New York City Transitional Finance Authority Building Aid Income Tax Revenue 5.000%  7/15/34       3,890      4,094
  New York City Transitional Finance Authority Building Aid Income Tax Revenue 5.000%  7/15/34       3,500      3,556
  New York City Transitional Finance Authority Building Aid Income Tax Revenue 5.000%  7/15/35         845        887
  New York City Transitional Finance Authority Building Aid Income Tax Revenue 5.250%  7/15/35       2,000      2,117
  New York City Transitional Finance Authority Building Aid Income Tax Revenue 4.000%  7/15/36       2,500      2,532
  New York City Transitional Finance Authority Building Aid Income Tax Revenue 5.000%  7/15/36       2,785      2,919
  New York City Transitional Finance Authority Building Aid Income Tax Revenue 5.000%  7/15/36       5,000      5,241
  New York City Transitional Finance Authority Building Aid Income Tax Revenue 4.000%  7/15/37       6,800      6,867
  New York City Transitional Finance Authority Building Aid Income Tax Revenue 4.000%  7/15/37       5,000      5,049
  New York City Transitional Finance Authority Building Aid Income Tax Revenue 4.000%  7/15/38       5,000      5,033
  New York City Transitional Finance Authority Building Aid Income Tax Revenue 5.000%  7/15/38       3,350      3,492
  New York City Transitional Finance Authority Building Aid Income Tax Revenue 5.000%  7/15/43       5,200      5,364
  New York City Transitional Finance Authority Building Aid Income Tax Revenue 5.250%  7/15/45      11,475     11,914
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%  11/1/26       3,560      3,701
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 4.000%   5/1/30       7,240      7,314
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%   2/1/32      10,075     10,435
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%   8/1/32      15,855     16,556
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%   2/1/33       3,500      3,621
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%   5/1/33      10,500     10,907
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%   8/1/33       7,985      8,195
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%   8/1/33      14,085     14,686
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%   8/1/33      20,000     20,853
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%  11/1/33       8,300      8,405
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%   5/1/34      14,415     14,958
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%   5/1/34       5,000      5,107
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%   8/1/34      10,000     10,255
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%   8/1/34      24,110     25,115
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 4.000%  11/1/34      24,500     25,406
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.250%  11/1/34       8,000      9,148
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%   2/1/35       9,545      9,859
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%   2/1/35      19,650     19,978
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%   5/1/35      17,060     17,686
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%   5/1/35       7,045      7,191
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%   5/1/35       5,460      5,815
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 4.000%   8/1/35       8,930      9,039
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%   8/1/35      20,000     20,812
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%   8/1/35      15,000     15,829
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%   8/1/35      28,385     29,954
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 4.000%  11/1/35       5,000      5,160
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 4.000%  11/1/35       1,220      1,262
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%  11/1/35      13,290     13,447
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.250%  11/1/35       3,000      3,414
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%   2/1/36      10,095     10,416
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%   2/1/36       1,890      2,098
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 4.000%   5/1/36       5,040      5,166
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 4.000%   5/1/36      10,000     10,249
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%   5/1/36      24,240     25,100
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%   5/1/36       2,910      3,088
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 4.000%   8/1/36       7,000      7,058
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 4.000%   8/1/36      13,000     13,358
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%   8/1/36      25,000     25,975
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%   8/1/36      18,000     18,959
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%   8/1/36      47,000     49,503
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 4.000%  11/1/36      27,145     27,503
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 4.000%  11/1/36       3,000      3,077
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%  11/1/36       4,000      4,047
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%  11/1/36      20,260     22,015
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%  11/1/36       6,620      7,441
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.250%  11/1/36       6,735      7,645
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%   2/1/37      10,050     10,359
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 4.000%   5/1/37       4,100      4,180
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%   5/1/37       3,000      3,360
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 4.000%   8/1/37       6,895      6,942
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 4.000%   8/1/37       9,000      9,190
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%   8/1/37      24,090     25,000
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%   8/1/37      35,000     36,793
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 3.000%  11/1/37      11,940     10,613
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 4.000%  11/1/37      24,035     24,257
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 4.000%  11/1/37      11,000     11,224
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.250%  11/1/37       5,340      6,027
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 4.000%   2/1/38       8,985      9,150
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 4.000%   2/1/38       2,710      2,760
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 4.000%   5/1/38       7,270      7,377
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 4.000%   5/1/38       9,185      9,320
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%   5/1/38       6,000      6,276
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%   5/1/38       2,060      2,128
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%   5/1/38       2,000      2,229
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 4.000%   8/1/38      14,000     14,040
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 4.000%   8/1/38       1,000      1,017
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%   8/1/38       5,710      5,989
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%   8/1/38       1,445      1,516
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 4.000%  11/1/38      21,790     21,897
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 4.000%  11/1/38       5,300      5,369
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 4.000%  11/1/38       2,825      2,862
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 4.000%  11/1/38       1,760      1,770
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 4.000%  11/1/38       8,000      8,108
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 4.000%  11/1/38       3,945      4,004
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%  11/1/38      10,000     10,997
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.250%  11/1/38       6,700      7,531
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 4.000%   2/1/39       8,860      8,975
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%   2/1/39       1,000      1,014
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%   2/1/39       3,365      3,687
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 4.000%   5/1/39       4,495      4,541
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 4.000%   5/1/39       4,800      4,849
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%   5/1/39       5,000      5,156
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%   5/1/39       5,000      5,219
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%   5/1/39       2,400      2,662
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%   8/1/39       5,000      5,172
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 3.000%  11/1/39       1,370      1,176
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 4.000%  11/1/39       6,935      6,941
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 4.000%  11/1/39      14,465     14,584
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%  11/1/39      22,375     23,402
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%  11/1/39       1,015      1,066
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.250%  11/1/39      10,000     11,190
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 4.000%   2/1/40      28,975     29,184
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%   2/1/40       2,355      2,387
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%   2/1/40       6,955      7,570
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%   2/1/40       7,485      7,685
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 4.000%   5/1/40       1,415      1,423
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 4.000%   5/1/40      10,000     10,058
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%   5/1/40      20,000     20,334
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%   5/1/40       5,000      5,248
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%   5/1/40       5,000      5,209
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%   5/1/40       3,130      3,449
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 3.000%   8/1/40      27,000     22,846
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%   8/1/40      13,490     13,933
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%   8/1/40       9,810     10,249
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 4.000%  11/1/40       5,000      4,986
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%  11/1/40      30,150     31,496
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%  11/1/40       9,325     10,276
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.250%  11/1/40      15,000     16,723
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 3.250%   2/1/41       4,960      4,316
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 4.000%   2/1/41      14,770     14,793
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 4.000%   2/1/41       1,675      1,678
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%   2/1/41      16,455     17,783
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%   2/1/41       3,185      3,474
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 4.000%   5/1/41       5,000      5,006
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%   5/1/41       4,795      5,241
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 3.000%   8/1/41      31,150     25,933
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 4.000%  11/1/41      34,285     34,328
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%  11/1/41      19,490     20,314
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%   2/1/42      23,000     24,873
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 4.000%   5/1/42      12,565     12,492
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%   5/1/42       3,000      3,251
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 4.000%   8/1/42       7,105      7,066
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%   8/1/42      14,750     15,334
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 4.000%  11/1/42       4,300      4,223
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 4.000%  11/1/42       2,500      2,487
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 4.000%  11/1/42       4,000      3,929
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 4.000%   2/1/43       1,000        986
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%   2/1/43       6,085      6,223
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%   2/1/43      14,000     15,019
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%   5/1/43       4,100      4,406
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 4.000%  11/1/43       4,000      3,943
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%   2/1/44      10,000     10,686
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%   5/1/45       4,000      4,267
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 4.000%   8/1/45      11,150     10,792
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue VRDO 1.750%   2/3/25       3,825      3,825
  New York City Transitional Finance Authority Future Tax Secured Sales Tax Revenue 5.000%   2/1/35       1,000      1,001
  New York City Transitional Finance Authority Income Tax Revenue 5.000%   5/1/27       2,000      2,100
  New York City Transitional Finance Authority Income Tax Revenue 5.000%   5/1/28       2,120      2,267
  New York City Transitional Finance Authority Income Tax Revenue 5.000%  11/1/28      14,185     15,304
  New York City Transitional Finance Authority Income Tax Revenue 5.000%   5/1/29       4,500      4,893
  New York City Transitional Finance Authority Income Tax Revenue 5.000%   5/1/29       1,000      1,087
  New York City Transitional Finance Authority Income Tax Revenue 5.000%  11/1/29       5,160      5,658
  New York City Transitional Finance Authority Income Tax Revenue 5.000%   5/1/30      10,000     11,034
  New York City Transitional Finance Authority Income Tax Revenue 5.000%   5/1/30       2,000      2,207
  New York City Transitional Finance Authority Income Tax Revenue 5.000%   5/1/30       1,625      1,793
  New York City Transitional Finance Authority Income Tax Revenue 5.000%  11/1/30       6,200      6,894
  New York City Transitional Finance Authority Income Tax Revenue 5.000%   5/1/31       5,000      5,595
  New York City Transitional Finance Authority Income Tax Revenue 5.000%   5/1/31       6,080      6,803
  New York City Transitional Finance Authority Income Tax Revenue 5.000%  11/1/31      17,345     19,524
  New York City Transitional Finance Authority Income Tax Revenue 5.000%   5/1/32       5,000      5,657
  New York City Transitional Finance Authority Income Tax Revenue 5.000%   5/1/32       3,620      4,095
  New York City Transitional Finance Authority Income Tax Revenue 5.000%   5/1/32       2,755      3,117
  New York City Transitional Finance Authority Income Tax Revenue 5.000%   5/1/32       2,645      2,992
  New York City Transitional Finance Authority Income Tax Revenue 5.000%  11/1/32      20,375     23,175
  New York City Transitional Finance Authority Income Tax Revenue 5.000%  11/1/32      33,655     38,279
  New York City Transitional Finance Authority Income Tax Revenue 5.000%   5/1/33       3,500      3,990
  New York City Transitional Finance Authority Income Tax Revenue 5.000%   5/1/33       2,850      3,249
  New York City Transitional Finance Authority Income Tax Revenue 5.000%   5/1/34       1,975      2,265
  New York City Transitional Finance Authority Income Tax Revenue 5.000%   5/1/35       2,700      3,105
  New York City Transitional Finance Authority Income Tax Revenue 5.000%  11/1/35       2,655      3,046
  New York City Transitional Finance Authority Income Tax Revenue 5.000%   5/1/36       4,630      5,305
  New York City Transitional Finance Authority Income Tax Revenue 5.000%  11/1/37      12,890     14,635
  New York City Transitional Finance Authority Income Tax Revenue 5.000%  11/1/37       4,000      4,538
  New York City Transitional Finance Authority Income Tax Revenue 5.000%   5/1/38       2,000      2,241
  New York City Transitional Finance Authority Income Tax Revenue 5.000%  11/1/38      16,250     18,347
  New York City Transitional Finance Authority Income Tax Revenue 5.000%   5/1/39       3,000      3,345
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  New York City Transitional Finance Authority Income Tax Revenue 5.000%  11/1/39       4,220      4,715
  New York City Transitional Finance Authority Income Tax Revenue 5.000%   5/1/40       6,000      6,644
  New York City Transitional Finance Authority Income Tax Revenue 5.500%   5/1/40       2,000      2,300
  New York City Transitional Finance Authority Income Tax Revenue 5.000%  11/1/40       1,500      1,669
  New York City Transitional Finance Authority Income Tax Revenue 5.000%   5/1/41      14,000     15,370
  New York City Transitional Finance Authority Income Tax Revenue 5.000%   5/1/41       5,000      5,513
  New York City Transitional Finance Authority Income Tax Revenue 5.000%   5/1/41       4,870      5,392
  New York City Transitional Finance Authority Income Tax Revenue 5.000%   5/1/41       1,000      1,107
  New York City Transitional Finance Authority Income Tax Revenue 5.500%   5/1/41       6,965      7,955
  New York City Transitional Finance Authority Income Tax Revenue 5.000%  11/1/41       1,500      1,654
  New York City Transitional Finance Authority Income Tax Revenue 5.000%   2/1/42       5,425      5,913
  New York City Transitional Finance Authority Income Tax Revenue 5.000%   5/1/42      13,000     14,142
  New York City Transitional Finance Authority Income Tax Revenue 5.000%   5/1/42      10,000     10,920
  New York City Transitional Finance Authority Income Tax Revenue 5.000%   5/1/42       6,480      7,103
  New York City Transitional Finance Authority Income Tax Revenue 5.500%   5/1/42       1,500      1,703
  New York City Transitional Finance Authority Income Tax Revenue 4.000%  11/1/42       1,000        994
  New York City Transitional Finance Authority Income Tax Revenue 5.000%   2/1/43       6,930      7,487
  New York City Transitional Finance Authority Income Tax Revenue 5.000%   5/1/43       8,000      8,628
  New York City Transitional Finance Authority Income Tax Revenue 5.000%   5/1/43      16,000     17,316
  New York City Transitional Finance Authority Income Tax Revenue 5.000%   5/1/43      14,650     15,908
  New York City Transitional Finance Authority Income Tax Revenue 5.500%   5/1/43       5,000      5,643
  New York City Transitional Finance Authority Income Tax Revenue 5.000%   2/1/44       7,500      8,068
  New York City Transitional Finance Authority Income Tax Revenue 5.000%   5/1/44       9,000      9,697
  New York City Transitional Finance Authority Income Tax Revenue 5.000%   5/1/44      36,625     39,586
  New York City Transitional Finance Authority Income Tax Revenue 5.000%   5/1/44       8,605      9,301
  New York City Transitional Finance Authority Income Tax Revenue 5.500%   5/1/44       6,500      7,295
  New York City Transitional Finance Authority Income Tax Revenue 5.000%   2/1/45      13,000     13,934
  New York City Transitional Finance Authority Income Tax Revenue 5.000%  11/1/45      10,000     10,767
  New York City Transitional Finance Authority Income Tax Revenue 5.000%   2/1/46       4,345      4,643
  New York City Transitional Finance Authority Income Tax Revenue 5.000%   5/1/46       6,050      6,474
  New York City Transitional Finance Authority Income Tax Revenue 5.000%  11/1/46      10,000     10,731
  New York City Transitional Finance Authority Income Tax Revenue 5.000%   5/1/47      28,160     30,027
  New York City Transitional Finance Authority Income Tax Revenue 5.000%   5/1/47      11,000     11,761
  New York City Transitional Finance Authority Income Tax Revenue 5.000%  11/1/47       5,805      6,207
  New York City Trust for Cultural Resources Miscellaneous Revenue 4.000%  12/1/33       1,565      1,626
  New York City Trust for Cultural Resources Miscellaneous Revenue 4.000%  12/1/34       9,730     10,092
  New York City Trust for Cultural Resources Recreational Revenue 5.000%  12/1/26      28,055     29,103
  New York Convention Center Development Corp. Hotel Occupancy Tax Revenue 0.000% 11/15/34       5,500      3,679
  New York Convention Center Development Corp. Hotel Occupancy Tax Revenue 5.000% 11/15/41       2,110      2,128
4 New York GO TOB VRDO 1.900%   2/3/25       3,705      3,705
  New York Liberty Development Corp. Economic Development Revenue (World Trade Center Project) 3.000%  9/15/43       7,935      6,553
4 New York Liberty Development Corp. Industrial Revenue 5.150% 11/15/34       6,310      6,316
  New York Liberty Development Corp. Industrial Revenue (Bank of America Tower at One Bryant Park Project) 2.450%  9/15/69     117,625    109,819
  New York Liberty Development Corp. Industrial Revenue (Bank of America Tower at One Bryant Park Project) 2.625%  9/15/69      35,790     33,247
  New York Liberty Development Corp. Industrial Revenue (Bank of America Tower at One Bryant Park Project) 2.800%  9/15/69      42,350     38,978
  New York Liberty Development Corp. Intergovernmental Agreement Revenue 3.000%  2/15/42      10,985      8,964
3 New York Liberty Development Corp. Intergovernmental Agreement Revenue 3.000%  2/15/42       6,610      5,435
1 New York Liberty Development Corp. Intergovernmental Agreement Revenue 3.000%  2/15/42       9,940      8,173
  New York Liberty Development Corp. Intergovernmental Agreement Revenue 2.750%  2/15/44      14,680     10,968
  New York Liberty Development Corp. Lease (Appropriation) Revenue 1.700% 11/15/30       7,500      6,463
  New York Liberty Development Corp. Lease (Appropriation) Revenue 1.900% 11/15/31       5,735      4,898
  New York Liberty Development Corp. Lease (Appropriation) Revenue 2.100% 11/15/32       7,000      5,953
  New York Liberty Development Corp. Lease (Appropriation) Revenue 2.200% 11/15/33      10,065      8,463
  New York Liberty Development Corp. Lease (Appropriation) Revenue 2.300% 11/15/34      18,890     15,733
  New York Liberty Development Corp. Lease (Appropriation) Revenue 2.400% 11/15/35      15,565     12,857
  New York Liberty Development Corp. Lease (Appropriation) Revenue 2.500% 11/15/36       2,155      1,769
1 New York Liberty Development Corp. Lease (Appropriation) Revenue 2.500% 11/15/36       3,025      2,502
  New York Liberty Development Corp. Lease (Appropriation) Revenue 2.750% 11/15/41     120,960     93,117
  New York Liberty Development Corp. Lease (Appropriation) Revenue 2.875% 11/15/46      10,000      7,326
  New York Liberty Development Corp. Miscellaneous Revenue 5.250%  10/1/35       9,905     11,377
  New York Mortgage Agency Homeowner Mortgage Local or Guaranteed Housing Revenue 2.200%   4/1/36       3,865      3,118
  New York Mortgage Agency Homeowner Mortgage Local or Guaranteed Housing Revenue 2.200%  10/1/36       2,500      1,996
  New York Mortgage Agency Homeowner Mortgage Local or Guaranteed Housing Revenue 3.250%  10/1/50       4,600      4,547
  New York Mortgage Agency Homeowner Mortgage Local or Guaranteed Housing Revenue 3.250%  10/1/51       4,095      4,011
  New York NY GO 5.000%   8/1/25           5          5
  New York NY GO 5.000%   8/1/25       3,630      3,670
  New York NY GO 5.000%  12/1/25      18,090     18,426
  New York NY GO 5.000%   8/1/26      24,805     25,630
  New York NY GO 5.000%   8/1/26      12,875     13,303
  New York NY GO 5.000%   8/1/26       1,785      1,844
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  New York NY GO 5.000%   8/1/27       1,000      1,054
  New York NY GO 5.000%   8/1/28      30,305     31,864
  New York NY GO 5.000%   8/1/28       1,640      1,760
  New York NY GO 5.000%   3/1/29           5          5
  New York NY GO 5.000%   8/1/29       1,975      2,074
  New York NY GO 5.000%   8/1/29       3,900      4,254
  New York NY GO 5.000%   8/1/29       1,000      1,091
  New York NY GO 5.000%   8/1/29       1,000      1,091
  New York NY GO 5.000%   8/1/30       5,545      6,137
  New York NY GO 5.000%   3/1/31           5          5
  New York NY GO 4.000%   8/1/31      20,000     20,171
  New York NY GO 5.000%   8/1/31       8,635      9,665
  New York NY GO 5.000%   9/1/31       1,450      1,625
  New York NY GO 5.000%  12/1/31       3,035      3,137
  New York NY GO 5.000%   8/1/32       2,675      3,025
  New York NY GO 5.000%   8/1/32      23,075     26,096
  New York NY GO 5.000%   4/1/33       1,000      1,054
  New York NY GO 5.000%   8/1/33       5,000      5,009
  New York NY GO 5.000%   8/1/33       5,000      5,252
  New York NY GO 5.000%   8/1/33       4,000      4,384
  New York NY GO 5.000%   8/1/33      13,980     15,955
  New York NY GO 5.000%  10/1/33       1,250      1,411
  New York NY GO 5.000%   8/1/34       3,875      4,232
  New York NY GO 5.000%  12/1/34       4,000      4,130
  New York NY GO 3.000%   3/1/35       7,540      7,024
  New York NY GO 5.000%   4/1/35       8,000      8,399
  New York NY GO 4.000%   8/1/35      15,010     15,057
  New York NY GO 4.000%   8/1/35       2,735      2,809
  New York NY GO 5.000%   8/1/35       2,000      2,175
  New York NY GO 4.000%  10/1/35       3,000      3,062
  New York NY GO 5.000%  10/1/35       5,000      5,230
  New York NY GO 5.000%  12/1/35       3,000      3,093
  New York NY GO 5.000%  12/1/35      11,695     12,377
  New York NY GO 5.000%   3/1/36       7,840      8,574
  New York NY GO 5.000%   4/1/36      12,750     13,352
  New York NY GO 4.000%   8/1/36       3,015      3,085
  New York NY GO 5.000%  10/1/36       4,000      4,178
  New York NY GO 5.000%  10/1/36       3,620      3,871
  New York NY GO 4.000%   8/1/37      22,745     23,054
  New York NY GO 4.000%  10/1/37      24,185     24,509
  New York NY GO 5.000%  12/1/37      11,900     12,526
  New York NY GO 5.000%   3/1/38       2,695      2,895
  New York NY GO 4.000%   8/1/38      10,000     10,096
  New York NY GO 5.000%  10/1/38       4,420      4,701
  New York NY GO 5.000%   3/1/39       1,700      1,844
  New York NY GO 5.000%   4/1/39      14,025     15,558
  New York NY GO 4.000%   8/1/39       2,705      2,731
  New York NY GO 5.000%   8/1/39      14,000     14,827
  New York NY GO 5.000%   9/1/39      22,500     24,757
  New York NY GO 5.000%  10/1/39       3,280      3,480
  New York NY GO 5.250%  10/1/39       2,750      3,077
  New York NY GO 4.000%   3/1/40      14,415     14,576
  New York NY GO 5.000%   4/1/40       7,385      8,136
  New York NY GO 5.000%   4/1/40       2,000      2,225
  New York NY GO 4.000%   8/1/40      23,300     23,392
  New York NY GO 4.000%   8/1/40       3,550      3,576
  New York NY GO 5.000%   9/1/40      19,185     21,422
  New York NY GO 4.000%  10/1/40       9,000      9,037
  New York NY GO 5.250%  10/1/40       2,925      3,261
  New York NY GO 3.000%   3/1/41       6,500      5,413
  New York NY GO 4.000%   3/1/41      14,630     14,705
  New York NY GO 4.000%   4/1/41      11,000     11,057
  New York NY GO 5.000%   4/1/41      16,345     17,851
  New York NY GO 5.250%   5/1/41       5,000      5,504
  New York NY GO 5.000%   9/1/41      14,210     15,710
  New York NY GO 3.000%  10/1/41      21,575     17,922
  New York NY GO 5.250%  10/1/41       3,440      3,804
  New York NY GO 5.000%  12/1/41      31,000     31,706
  New York NY GO 5.000%  12/1/41       5,000      5,222
  New York NY GO 4.000%   4/1/42       4,200      4,195
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  New York NY GO 4.000%   4/1/42      17,640     17,617
  New York NY GO 4.000%   8/1/42      10,000     10,008
  New York NY GO 5.000%   9/1/42       5,000      5,399
  New York NY GO 5.000%   9/1/42      24,840     27,255
  New York NY GO 5.000%   3/1/43       1,780      1,868
  New York NY GO 5.000%   4/1/43       5,000      5,166
  New York NY GO 5.000%   4/1/43       7,000      7,587
  New York NY GO 5.250%   4/1/43       8,500      9,319
  New York NY GO 5.250%   5/1/43       2,500      2,717
  New York NY GO 5.000%   8/1/43       1,105      1,157
  New York NY GO 5.000%   9/1/43      13,880     15,089
  New York NY GO 5.000%  10/1/43       1,930      2,025
  New York NY GO 5.000%   3/1/44      18,260     19,694
  New York NY GO 5.500%   5/1/44       7,840      8,634
  New York NY GO 5.000%   8/1/44       7,140      7,671
  New York NY GO 5.000%   9/1/44       9,565     10,350
  New York NY GO 5.000%   3/1/45       9,500     10,187
  New York NY GO 4.000%   4/1/45       3,200      3,113
  New York NY GO 5.250%   9/1/45       5,915      6,498
  New York NY GO 5.000%   8/1/47      10,000     10,485
4,5 New York NY GO TOB VRDO 1.850%   2/3/25      16,500     16,500
5 New York NY GO VRDO 1.760%   2/3/25       4,000      4,000
  New York Power Authority Electric Power & Light Revenue 5.000% 11/15/32       4,000      4,627
  New York Power Authority Electric Power & Light Revenue 5.000% 11/15/33       3,000      3,513
  New York Power Authority Electric Power & Light Revenue 5.000% 11/15/38       2,450      2,835
  New York Power Authority Electric Power & Light Revenue 5.000% 11/15/39       1,500      1,726
  New York Power Authority Electric Power & Light Revenue 5.000% 11/15/40       1,250      1,431
3 New York Power Authority Electric Power & Light Revenue (Green Transmission Project) 5.000% 11/15/28       1,190      1,292
3 New York Power Authority Electric Power & Light Revenue (Green Transmission Project) 5.000% 11/15/29       1,000      1,105
3 New York Power Authority Electric Power & Light Revenue (Green Transmission Project) 5.000% 11/15/30       2,375      2,668
3 New York Power Authority Electric Power & Light Revenue (Green Transmission Project) 5.000% 11/15/31       3,000      3,416
3 New York Power Authority Electric Power & Light Revenue (Green Transmission Project) 5.000% 11/15/37       1,000      1,146
3 New York Power Authority Electric Power & Light Revenue (Green Transmission Project) 5.000% 11/15/48       6,000      6,402
  New York State Dormitory Authority College & University Revenue 5.000%   7/1/28       6,500      6,522
  New York State Dormitory Authority College & University Revenue 5.000%   7/1/28       1,775      1,855
  New York State Dormitory Authority College & University Revenue 5.000%   7/1/28      10,475     11,081
  New York State Dormitory Authority College & University Revenue 5.000%   7/1/29      10,000     10,032
  New York State Dormitory Authority College & University Revenue 5.000%   7/1/29       1,345      1,404
  New York State Dormitory Authority College & University Revenue 5.000%   7/1/30       4,970      4,985
  New York State Dormitory Authority College & University Revenue 5.000%   5/1/32       1,930      2,095
  New York State Dormitory Authority College & University Revenue 5.000%   7/1/32      12,000     12,029
  New York State Dormitory Authority College & University Revenue 5.000%   7/1/32       3,615      3,639
  New York State Dormitory Authority College & University Revenue 5.000%   5/1/33       1,460      1,592
  New York State Dormitory Authority College & University Revenue 5.000%   7/1/34      15,010     15,438
  New York State Dormitory Authority College & University Revenue 5.000%   7/1/35      17,500     17,986
  New York State Dormitory Authority College & University Revenue 5.000%   7/1/35       2,810      2,814
  New York State Dormitory Authority College & University Revenue 5.000%   5/1/36       3,000      3,276
  New York State Dormitory Authority College & University Revenue 5.000%   7/1/36       9,000      9,243
  New York State Dormitory Authority College & University Revenue 5.000%   5/1/38       2,010      2,171
  New York State Dormitory Authority College & University Revenue 5.000%   5/1/39       2,115      2,272
  New York State Dormitory Authority College & University Revenue 5.000%   7/1/39       4,020      4,221
  New York State Dormitory Authority College & University Revenue 5.000%   5/1/40       1,945      2,079
  New York State Dormitory Authority College & University Revenue 3.000%   7/1/41       3,000      2,565
  New York State Dormitory Authority College & University Revenue 5.000%  10/1/46       5,000      5,765
  New York State Dormitory Authority College & University Revenue 5.000%   7/1/30       1,000      1,081
  New York State Dormitory Authority College & University Revenue 5.000%   7/1/31       1,000      1,092
  New York State Dormitory Authority College & University Revenue 5.000%   7/1/32       1,000      1,101
  New York State Dormitory Authority College & University Revenue 5.000%   7/1/34         505        554
  New York State Dormitory Authority College & University Revenue 5.000%   7/1/35         750        818
  New York State Dormitory Authority College & University Revenue (New School Project) 5.000%   7/1/26       1,085      1,111
  New York State Dormitory Authority College & University Revenue (New School Project) 5.000%   7/1/27       2,500      2,577
  New York State Dormitory Authority College & University Revenue (New School Project) 5.000%   7/1/29       1,750      1,803
  New York State Dormitory Authority College & University Revenue (New School Project) 5.000%   7/1/31       2,195      2,261
  New York State Dormitory Authority College & University Revenue (New School Project) 5.000%   7/1/35       3,200      3,287
  New York State Dormitory Authority College & University Revenue (New School Project) 5.000%   7/1/36       2,125      2,180
  New York State Dormitory Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/26       6,855      7,013
  New York State Dormitory Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/27       4,755      4,926
  New York State Dormitory Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/28       2,265      2,373
  New York State Dormitory Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/28       2,420      2,535
4 New York State Dormitory Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/28       2,000      2,007
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  New York State Dormitory Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/29         715        723
  New York State Dormitory Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/29       1,740      1,842
  New York State Dormitory Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/30       2,440      2,600
6 New York State Dormitory Authority Health, Hospital, Nursing Home Revenue 5.000%   5/1/31       2,685      2,978
  New York State Dormitory Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/31       2,685      2,855
  New York State Dormitory Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/31         500        537
  New York State Dormitory Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/31       1,000      1,078
4 New York State Dormitory Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/31       2,500      2,488
  New York State Dormitory Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/32       1,250      1,288
  New York State Dormitory Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/32       4,100      4,330
  New York State Dormitory Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/32       1,000      1,078
  New York State Dormitory Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/32         750        813
  New York State Dormitory Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/33         750        812
  New York State Dormitory Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/34       1,005      1,054
  New York State Dormitory Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/34       1,250      1,358
  New York State Dormitory Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/34       1,675      1,832
6 New York State Dormitory Authority Health, Hospital, Nursing Home Revenue 5.000%   5/1/35       3,160      3,574
  New York State Dormitory Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/35       1,875      1,962
  New York State Dormitory Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/35       1,365      1,492
6 New York State Dormitory Authority Health, Hospital, Nursing Home Revenue 5.000%   5/1/36       6,965      7,845
  New York State Dormitory Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/36       1,750      1,889
  New York State Dormitory Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/36       1,625      1,769
  New York State Dormitory Authority Health, Hospital, Nursing Home Revenue 4.000%   5/1/37       1,000      1,028
6 New York State Dormitory Authority Health, Hospital, Nursing Home Revenue 5.000%   5/1/37       3,500      3,924
  New York State Dormitory Authority Health, Hospital, Nursing Home Revenue 4.000%   7/1/37       1,000        902
  New York State Dormitory Authority Health, Hospital, Nursing Home Revenue 4.000%   5/1/38       2,300      2,343
  New York State Dormitory Authority Health, Hospital, Nursing Home Revenue 5.250%  11/1/38       2,370      2,590
  New York State Dormitory Authority Health, Hospital, Nursing Home Revenue 4.000%   5/1/39       8,925      8,916
  New York State Dormitory Authority Health, Hospital, Nursing Home Revenue 4.000%   5/1/39       2,350      2,372
  New York State Dormitory Authority Health, Hospital, Nursing Home Revenue 4.000%   7/1/39       1,755      1,561
  New York State Dormitory Authority Health, Hospital, Nursing Home Revenue 5.250%  11/1/39       2,535      2,752
  New York State Dormitory Authority Health, Hospital, Nursing Home Revenue 4.000%   5/1/40      10,000      9,924
  New York State Dormitory Authority Health, Hospital, Nursing Home Revenue 4.000%   7/1/40       2,000      1,765
  New York State Dormitory Authority Health, Hospital, Nursing Home Revenue 5.250%  11/1/40       1,500      1,620
  New York State Dormitory Authority Health, Hospital, Nursing Home Revenue 4.000%   5/1/41      14,540     14,270
  New York State Dormitory Authority Health, Hospital, Nursing Home Revenue 5.250%  11/1/41       1,000      1,073
6 New York State Dormitory Authority Health, Hospital, Nursing Home Revenue 5.000%   5/1/42       2,280      2,488
  New York State Dormitory Authority Health, Hospital, Nursing Home Revenue 5.250%  11/1/42       1,400      1,496
6 New York State Dormitory Authority Health, Hospital, Nursing Home Revenue 5.000%   5/1/43       2,785      3,016
  New York State Dormitory Authority Health, Hospital, Nursing Home Revenue 5.250%  11/1/43       1,100      1,170
  New York State Dormitory Authority Health, Hospital, Nursing Home Revenue 5.500%  11/1/44       1,400      1,515
  New York State Dormitory Authority Health, Hospital, Nursing Home Revenue PUT 1.800%  11/1/28      12,000     11,241
  New York State Dormitory Authority Income Tax Revenue 5.000%  3/15/29       4,760      5,174
  New York State Dormitory Authority Income Tax Revenue 5.000%  3/15/30       1,490      1,506
  New York State Dormitory Authority Income Tax Revenue 5.000%  3/15/30      13,240     14,620
  New York State Dormitory Authority Income Tax Revenue 5.000%  3/15/30      10,950     12,092
  New York State Dormitory Authority Income Tax Revenue 5.000%  2/15/31       3,985      3,991
  New York State Dormitory Authority Income Tax Revenue 5.000%  3/15/31      34,400     38,534
  New York State Dormitory Authority Income Tax Revenue 5.000%  3/15/31      14,870     16,657
  New York State Dormitory Authority Income Tax Revenue 5.000%  2/15/32       1,765      1,833
  New York State Dormitory Authority Income Tax Revenue 5.000%  3/15/32      18,330     20,758
  New York State Dormitory Authority Income Tax Revenue 4.000%  2/15/33      49,600     50,332
  New York State Dormitory Authority Income Tax Revenue 4.000%  2/15/34      33,875     34,327
  New York State Dormitory Authority Income Tax Revenue 5.000%  2/15/34       8,015      8,369
  New York State Dormitory Authority Income Tax Revenue 5.000%  2/15/34      12,000     13,047
  New York State Dormitory Authority Income Tax Revenue 4.000%  3/15/34       1,000      1,037
  New York State Dormitory Authority Income Tax Revenue 5.000%  3/15/34      10,000     10,098
  New York State Dormitory Authority Income Tax Revenue 4.000%  2/15/35      31,975     32,320
  New York State Dormitory Authority Income Tax Revenue 5.000%  2/15/35      17,080     17,510
  New York State Dormitory Authority Income Tax Revenue 5.000%  2/15/35      44,000     47,728
  New York State Dormitory Authority Income Tax Revenue 5.000%  3/15/35       3,930      3,941
  New York State Dormitory Authority Income Tax Revenue 5.000%  3/15/35       4,000      4,106
  New York State Dormitory Authority Income Tax Revenue 5.000%  3/15/35       2,355      2,636
  New York State Dormitory Authority Income Tax Revenue 4.000%  2/15/36      27,870     28,567
  New York State Dormitory Authority Income Tax Revenue 5.000%  2/15/36       5,540      5,674
  New York State Dormitory Authority Income Tax Revenue 5.000%  2/15/36       2,540      2,643
  New York State Dormitory Authority Income Tax Revenue 5.000%  3/15/36       9,340      9,580
  New York State Dormitory Authority Income Tax Revenue 4.000%  2/15/37       2,480      2,532
  New York State Dormitory Authority Income Tax Revenue 5.000%  2/15/37       1,450      1,507
  New York State Dormitory Authority Income Tax Revenue 4.000%  3/15/37       6,500      6,679
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  New York State Dormitory Authority Income Tax Revenue 5.000%  2/15/38       2,990      3,058
  New York State Dormitory Authority Income Tax Revenue 5.000%  2/15/38       1,725      1,789
  New York State Dormitory Authority Income Tax Revenue 3.000%  3/15/38      49,350     44,088
  New York State Dormitory Authority Income Tax Revenue 4.000%  3/15/38      27,385     27,888
  New York State Dormitory Authority Income Tax Revenue 4.000%  2/15/39      10,000     10,099
  New York State Dormitory Authority Income Tax Revenue 3.000%  3/15/39      62,055     54,369
  New York State Dormitory Authority Income Tax Revenue 4.000%  3/15/39      20,000     20,198
  New York State Dormitory Authority Income Tax Revenue 4.000%  3/15/39       7,340      7,413
  New York State Dormitory Authority Income Tax Revenue 5.000%  3/15/39       2,000      2,218
  New York State Dormitory Authority Income Tax Revenue 5.250%  3/15/39       2,250      2,381
  New York State Dormitory Authority Income Tax Revenue 3.250%  2/15/40       1,485      1,314
  New York State Dormitory Authority Income Tax Revenue 4.000%  2/15/40      30,975     31,078
  New York State Dormitory Authority Income Tax Revenue 3.000%  3/15/40      74,365     63,979
  New York State Dormitory Authority Income Tax Revenue 4.000%  3/15/40      34,740     34,878
  New York State Dormitory Authority Income Tax Revenue 4.000%  3/15/40       4,190      4,207
  New York State Dormitory Authority Income Tax Revenue 5.000%  3/15/40       4,435      4,891
  New York State Dormitory Authority Income Tax Revenue 5.000%  3/15/40       3,830      4,262
  New York State Dormitory Authority Income Tax Revenue 5.000%  2/15/41       7,030      7,259
  New York State Dormitory Authority Income Tax Revenue 3.000%  3/15/41      12,520     10,515
  New York State Dormitory Authority Income Tax Revenue 5.000%  3/15/41       1,000      1,042
  New York State Dormitory Authority Income Tax Revenue 5.000%  3/15/41       5,000      5,519
  New York State Dormitory Authority Income Tax Revenue 3.000%  3/15/42      17,080     14,222
  New York State Dormitory Authority Income Tax Revenue 4.000%  3/15/42      25,825     25,547
  New York State Dormitory Authority Income Tax Revenue 4.000%  3/15/42       6,050      5,985
  New York State Dormitory Authority Income Tax Revenue 5.000%  3/15/42       9,700     10,614
  New York State Dormitory Authority Income Tax Revenue 4.000%  3/15/43      17,380     17,034
  New York State Dormitory Authority Income Tax Revenue 4.000%  3/15/43      25,580     25,070
  New York State Dormitory Authority Income Tax Revenue 5.000%  3/15/43      18,225     19,794
  New York State Dormitory Authority Income Tax Revenue 4.000%  3/15/44       2,110      2,048
  New York State Dormitory Authority Income Tax Revenue 5.000%  3/15/44      18,735     20,213
  New York State Dormitory Authority Income Tax Revenue 4.000%  3/15/45       5,000      4,824
  New York State Dormitory Authority Income Tax Revenue 5.000%  3/15/45      26,830     28,821
  New York State Dormitory Authority Income Tax Revenue, ETM 5.000%  3/15/28       3,825      4,092
  New York State Dormitory Authority Income Tax Revenue, Prere. 5.000%  2/15/25          20         20
  New York State Dormitory Authority Income Tax Revenue, Prere. 5.000%  2/15/25          15         15
  New York State Dormitory Authority Income Tax Revenue, Prere. 5.000%  3/15/25      15,365     15,407
  New York State Dormitory Authority Income Tax Revenue, Prere. 5.000%  8/15/26      14,680     15,201
  New York State Dormitory Authority Income Tax Revenue, Prere. 3.250%  2/15/27         500        504
  New York State Dormitory Authority Income Tax Revenue, Prere. 4.000%  2/15/27          20         20
  New York State Dormitory Authority Income Tax Revenue, Prere. 4.000%  2/15/27           5          5
  New York State Dormitory Authority Income Tax Revenue, Prere. 4.000%  2/15/27           5          5
  New York State Dormitory Authority Income Tax Revenue, Prere. 5.000%  2/15/27      23,900     25,018
  New York State Dormitory Authority Income Tax Revenue, Prere. 5.000%  8/15/27          10         11
  New York State Dormitory Authority Income Tax Revenue, Prere. 4.000%  3/15/32       5,810      6,183
  New York State Dormitory Authority Intergovernmental Agreement Revenue 5.000%  10/1/26       1,000      1,038
3 New York State Dormitory Authority Intergovernmental Agreement Revenue 5.000%  10/1/26       2,300      2,388
3 New York State Dormitory Authority Intergovernmental Agreement Revenue 5.000%  10/1/27       2,930      3,100
  New York State Dormitory Authority Intergovernmental Agreement Revenue 5.000%  9/15/30      26,000     28,670
  New York State Dormitory Authority Intergovernmental Agreement Revenue 3.000%  10/1/31      16,380     15,602
  New York State Dormitory Authority Intergovernmental Agreement Revenue 3.000%  10/1/32      16,760     15,804
3 New York State Dormitory Authority Intergovernmental Agreement Revenue 5.000%  10/1/32       1,795      1,901
  New York State Dormitory Authority Intergovernmental Agreement Revenue 5.000%  3/15/40      30,975     33,072
  New York State Dormitory Authority Intergovernmental Agreement Revenue 5.000%  3/15/42      32,380     34,218
  New York State Dormitory Authority Intergovernmental Agreement Revenue 3.000%   4/1/42       2,000      1,640
  New York State Dormitory Authority Intergovernmental Agreement Revenue 4.000%  3/15/43       4,330      4,287
  New York State Dormitory Authority Intergovernmental Agreement Revenue 5.250%  3/15/44      26,820     28,446
3 New York State Dormitory Authority Intergovernmental Agreement Revenue (School Districts Revenue Bond Financing Program) 5.000%  10/1/26       3,000      3,115
3 New York State Dormitory Authority Intergovernmental Agreement Revenue (School Districts Revenue Bond Financing Program) 5.000%  10/1/27       2,615      2,711
3 New York State Dormitory Authority Intergovernmental Agreement Revenue (School Districts Revenue Bond Financing Program) 5.000%  10/1/27       1,180      1,182
3 New York State Dormitory Authority Intergovernmental Agreement Revenue (School Districts Revenue Bond Financing Program) 5.000%  10/1/27       2,530      2,675
1 New York State Dormitory Authority Intergovernmental Agreement Revenue (School Districts Revenue Bond Financing Program) 5.000%  10/1/29       5,000      5,484
1 New York State Dormitory Authority Intergovernmental Agreement Revenue (School Districts Revenue Bond Financing Program) 5.000%  10/1/30       8,245      9,170
3 New York State Dormitory Authority Intergovernmental Agreement Revenue (School Districts Revenue Bond Financing Program) 5.000%  10/1/31       1,315      1,361
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
1 New York State Dormitory Authority Intergovernmental Agreement Revenue (School Districts Revenue Bond Financing Program) 5.000%  10/1/31       9,000      9,956
3 New York State Dormitory Authority Intergovernmental Agreement Revenue (School Districts Revenue Bond Financing Program) 5.000%  10/1/32       1,000      1,034
1 New York State Dormitory Authority Intergovernmental Agreement Revenue (School Districts Revenue Bond Financing Program) 5.000%  10/1/36      11,190     12,149
3 New York State Dormitory Authority Intergovernmental Agreement Revenue (School Districts Revenue Bond Financing Program) 5.000%  10/1/36       3,500      3,852
3 New York State Dormitory Authority Intergovernmental Agreement Revenue (School Districts Revenue Bond Financing Program) 5.000%  10/1/38       1,350      1,474
3 New York State Dormitory Authority Intergovernmental Agreement Revenue (Unrefunded School Districts Finance Program) 5.000%  10/1/25          65         65
  New York State Dormitory Authority Intergovernmental Agreement Revenue (Unrefunded School Districts Finance Program) 5.000%  10/1/26          65         65
  New York State Dormitory Authority Intergovernmental Agreement Revenue (Unrefunded School Districts Finance Program) 5.000%  10/1/26          55         55
  New York State Dormitory Authority Intergovernmental Agreement Revenue (Unrefunded School Districts Finance Program) 5.000%  10/1/27          60         60
3 New York State Dormitory Authority Intergovernmental Agreement Revenue (Unrefunded School Districts Finance Program) 5.000%  10/1/27          50         50
  New York State Dormitory Authority Intergovernmental Agreement Revenue (Unrefunded School Districts Finance Program) 5.000%  10/1/28          55         55
3 New York State Dormitory Authority Intergovernmental Agreement Revenue (Unrefunded School Districts Finance Program) 5.000%  10/1/28           5          5
3 New York State Dormitory Authority Intergovernmental Agreement Revenue (Unrefunded School Districts Finance Program) 5.000%  10/1/35       1,345      1,414
  New York State Dormitory Authority Lease (Appropriation) Revenue 4.000%  3/15/38      10,710     10,882
  New York State Dormitory Authority Lease (Appropriation) Revenue 4.000%  3/15/39      17,210     17,359
  New York State Dormitory Authority Lease (Appropriation) Revenue 4.000%  3/15/40      23,335     23,416
  New York State Dormitory Authority Lease (Appropriation) Revenue 4.000%  3/15/42       1,250      1,237
  New York State Dormitory Authority Lease (Appropriation) Revenue 5.000%  3/15/44      20,000     21,119
  New York State Dormitory Authority Sales Tax Revenue 5.000%  3/15/30       2,505      2,579
  New York State Dormitory Authority Sales Tax Revenue 5.000%  3/15/31       5,140      5,433
  New York State Dormitory Authority Sales Tax Revenue 5.000%  3/15/32      51,000     52,954
  New York State Dormitory Authority Sales Tax Revenue 5.000%  3/15/32      12,525     13,225
  New York State Dormitory Authority Sales Tax Revenue 5.000%  3/15/32      18,500     21,117
  New York State Dormitory Authority Sales Tax Revenue 5.000%  3/15/33       6,000      6,154
  New York State Dormitory Authority Sales Tax Revenue 5.000%  3/15/33      21,850     25,219
  New York State Dormitory Authority Sales Tax Revenue 5.000%  3/15/34      17,610     17,787
  New York State Dormitory Authority Sales Tax Revenue 5.000%  3/15/34      17,625     18,063
  New York State Dormitory Authority Sales Tax Revenue 5.000%  3/15/34      10,000     10,362
  New York State Dormitory Authority Sales Tax Revenue 5.000%  3/15/34      30,550     35,610
  New York State Dormitory Authority Sales Tax Revenue 5.000%  3/15/35      32,000     32,313
  New York State Dormitory Authority Sales Tax Revenue 5.000%  3/15/35      32,995     33,800
  New York State Dormitory Authority Sales Tax Revenue 5.000%  3/15/35      17,685     18,305
  New York State Dormitory Authority Sales Tax Revenue 5.000%  3/15/35      38,335     40,209
  New York State Dormitory Authority Sales Tax Revenue 5.000%  3/15/35      14,000     16,454
  New York State Dormitory Authority Sales Tax Revenue 5.000%  3/15/36      37,165     38,417
  New York State Dormitory Authority Sales Tax Revenue 5.000%  3/15/36       1,875      1,962
  New York State Dormitory Authority Sales Tax Revenue 5.000%  3/15/36      18,500     19,403
  New York State Dormitory Authority Sales Tax Revenue 5.000%  3/15/36      26,850     28,291
  New York State Dormitory Authority Sales Tax Revenue 5.000%  3/15/37      18,860     19,477
  New York State Dormitory Authority Sales Tax Revenue 5.000%  3/15/37      30,500     31,871
  New York State Dormitory Authority Sales Tax Revenue 5.000%  3/15/38       5,000      5,186
  New York State Dormitory Authority Sales Tax Revenue 5.000%  3/15/40       9,500      9,809
  New York State Dormitory Authority Sales Tax Revenue 5.000%  3/15/41       5,000      5,194
  New York State Dormitory Authority Sales Tax Revenue 5.000%  3/15/42      21,690     22,152
  New York State Dormitory Authority Sales Tax Revenue 5.000%  3/15/42       5,000      5,180
  New York State Dormitory Authority Sales Tax Revenue 5.000%  3/15/43       5,000      5,450
  New York State Dormitory Authority Sales Tax Revenue 5.000%  3/15/44      16,230     17,625
  New York State Dormitory Authority Sales Tax Revenue 5.000%  3/15/45      17,915     19,348
  New York State Dormitory Authority Sales Tax Revenue 5.000%  3/15/46      10,660     11,422
  New York State Dormitory Authority Sales Tax Revenue 5.000%  3/15/47      39,700     42,387
  New York State Dormitory Authority Sales Tax Revenue 5.000%  3/15/48      20,000     21,292
  New York State Dormitory Authority Sales Tax Revenue, ETM 5.000%  3/15/25      35,000     35,095
  New York State Dormitory Authority Sales Tax Revenue, Prere. 5.000%  3/15/28       2,065      2,209
  New York State Energy Research & Development Authority Electric Power & Light Revenue (New York Electric & Gas Corp. Project) 3.500%  10/1/29      20,000     19,699
  New York State Energy Research & Development Authority Natural Gas Revenue 4.000%   4/1/34      13,750     14,012
  New York State Environmental Facilities Corp. Water Revenue 5.000%  6/15/32       5,040      5,271
  New York State Environmental Facilities Corp. Water Revenue 5.000%  6/15/33      15,655     16,354
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  New York State Environmental Facilities Corp. Water Revenue 5.000%  6/15/34       8,000      8,349
  New York State Environmental Facilities Corp. Water Revenue 5.000%  6/15/34       7,170      7,617
  New York State Environmental Facilities Corp. Water Revenue 5.000%  6/15/35       9,550      9,957
  New York State Environmental Facilities Corp. Water Revenue 5.000%  6/15/35       5,545      5,873
  New York State Environmental Facilities Corp. Water Revenue 3.000%  6/15/36       2,700      2,532
  New York State Environmental Facilities Corp. Water Revenue 5.000%  6/15/36       9,500      9,895
  New York State Environmental Facilities Corp. Water Revenue 5.000%  6/15/36       6,860      7,248
  New York State Environmental Facilities Corp. Water Revenue 5.000%  6/15/37       4,745      4,935
  New York State Environmental Facilities Corp. Water Revenue 5.000%  6/15/37       9,960     10,502
  New York State Environmental Facilities Corp. Water Revenue 5.000%  6/15/40       2,010      2,271
  New York State Environmental Facilities Corp. Water Revenue 3.000%  6/15/41       5,050      4,459
  New York State Environmental Facilities Corp. Water Revenue 5.000%  6/15/41       2,745      3,069
  New York State Environmental Facilities Corp. Water Revenue 5.000%  6/15/42       3,000      3,322
  New York State Environmental Facilities Corp. Water Revenue 5.250%  6/15/44       1,825      2,038
  New York State Environmental Facilities Corp. Water Revenue 5.250%  6/15/45       5,000      5,555
  New York State Housing Finance Agency Income Tax Revenue PUT 3.300% 12/15/28       1,400      1,393
  New York State Housing Finance Agency Income Tax Revenue PUT 3.350%  6/15/29       4,055      4,052
  New York State Housing Finance Agency Income Tax Revenue PUT 3.350% 12/15/29       1,180      1,179
  New York State Housing Finance Agency Local or Guaranteed Housing Revenue 3.450%  11/1/32       3,000      2,964
  New York State Housing Finance Agency Local or Guaranteed Housing Revenue 2.200%  11/1/36       4,000      3,187
  New York State Housing Finance Agency Local or Guaranteed Housing Revenue 2.450%  11/1/41       3,750      2,815
  New York State Housing Finance Agency Local or Guaranteed Housing Revenue 2.450%  11/1/41       1,585      1,190
  New York State Housing Finance Agency Local or Guaranteed Housing Revenue 4.500%  11/1/43       1,000      1,007
  New York State Housing Finance Agency Local or Guaranteed Housing Revenue PUT 0.650%  11/1/25       2,315      2,257
  New York State Housing Finance Agency Local or Guaranteed Housing Revenue PUT 2.500%   5/1/27      19,475     19,007
  New York State Housing Finance Agency Local or Guaranteed Housing Revenue PUT 2.500%   5/1/27      10,670     10,414
  New York State Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.600%   5/1/27       5,550      5,554
  New York State Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.800%   5/1/27       1,000      1,001
15 New York State Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.100%  11/1/27      30,050     29,777
15 New York State Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.100%  11/1/27       1,875      1,856
  New York State Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.875%   5/1/28       1,370      1,376
  New York State Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.650%  11/1/28      12,045     12,064
  New York State Housing Finance Agency Local or Guaranteed Housing Revenue PUT 4.500%  11/1/28      15,620     15,768
  New York State Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.600%   5/1/29      19,715     19,790
  New York State Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.800%   5/1/29      18,500     18,546
  New York State Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.450%  11/1/29      23,000     23,002
  New York State Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.750%  11/1/29      10,360     10,434
  New York State Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.570%  11/1/31      31,355     31,366
  New York State Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.950%   1/1/35      40,820     40,239
  New York State Thruway Authority Highway Revenue 5.000%   1/1/34       4,100      4,164
  New York State Thruway Authority Highway Revenue 5.000%   1/1/35       3,350      3,402
  New York State Thruway Authority Highway Revenue 5.000%   1/1/36       6,025      6,116
  New York State Thruway Authority Highway Revenue 5.000%   1/1/36      24,000     25,930
  New York State Thruway Authority Highway Revenue 4.000%   1/1/39       2,805      2,830
3 New York State Thruway Authority Highway Revenue 4.000%   1/1/40       9,025      9,076
  New York State Thruway Authority Highway Revenue 4.000%   1/1/40       8,250      8,298
  New York State Thruway Authority Highway Revenue 4.000%   1/1/41       4,000      4,001
  New York State Thruway Authority Highway Revenue 4.000%   1/1/41       6,590      6,587
  New York State Thruway Authority Highway Revenue 5.000%   1/1/41       1,625      1,646
  New York State Thruway Authority Highway Revenue 4.000%   1/1/42      21,930     21,733
  New York State Thruway Authority Highway Revenue 4.000%   1/1/42       4,000      3,964
  New York State Thruway Authority Highway Revenue 5.000%   1/1/42       1,000      1,096
  New York State Thruway Authority Highway Revenue 4.000%   1/1/43       6,100      5,989
  New York State Thruway Authority Highway Revenue 4.000%   1/1/45       4,090      3,945
1 New York State Thruway Authority Highway Revenue 4.000%   1/1/39       2,000      2,019
  New York State Thruway Authority Income Tax Revenue 4.000%  3/15/43      18,000     17,641
  New York State Thruway Authority Lease (Appropriation) Revenue 5.000%  3/15/30       7,165      7,930
  New York State Thruway Authority Lease (Appropriation) Revenue 4.000%  3/15/38       1,135      1,153
  New York State Thruway Authority Lease (Appropriation) Revenue 4.000%  3/15/43       4,340      4,254
  New York Transportation Development Corp. Port, Airport & Marina Revenue (Terminal 4 John F. Kennedy International Airport Project) 5.000%  12/1/26         900        931
  New York Transportation Development Corp. Port, Airport & Marina Revenue (Terminal 4 John F. Kennedy International Airport Project) 5.000%  12/1/27         750        789
  New York Transportation Development Corp. Port, Airport & Marina Revenue (Terminal 4 John F. Kennedy International Airport Project) 5.000%  12/1/35       1,420      1,513
  New York Transportation Development Corp. Port, Airport & Marina Revenue (Terminal 4 John F. Kennedy International Airport Project) 5.000%  12/1/36       1,650      1,754
  New York Transportation Development Corp. Port, Airport & Marina Revenue (Terminal 4 John F. Kennedy International Airport Project) 5.000%  12/1/37       4,005      4,239
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  New York Transportation Development Corp. Port, Airport & Marina Revenue (Terminal 4 John F. Kennedy International Airport Project) 5.000%  12/1/38       4,495      4,741
  New York Transportation Development Corp. Port, Airport & Marina Revenue (Terminal 4 John F. Kennedy International Airport Project) 4.000%  12/1/40       4,920      4,839
  New York Transportation Development Corp. Port, Airport & Marina Revenue (Terminal 4 John F. Kennedy International Airport Project) 4.000%  12/1/42       1,000        964
  Port Authority of New York & New Jersey Port, Airport & Marina Revenue 4.000%  12/1/30       2,000      2,128
  Port Authority of New York & New Jersey Port, Airport & Marina Revenue 5.000% 10/15/31      27,185     27,530
  Port Authority of New York & New Jersey Port, Airport & Marina Revenue 3.000%  12/1/31      12,685     12,617
  Port Authority of New York & New Jersey Port, Airport & Marina Revenue 5.000%   9/1/32       5,455      6,250
  Port Authority of New York & New Jersey Port, Airport & Marina Revenue 5.000% 11/15/32       3,695      3,875
  Port Authority of New York & New Jersey Port, Airport & Marina Revenue 3.000%  12/1/32      18,320     18,115
  Port Authority of New York & New Jersey Port, Airport & Marina Revenue 5.000%   9/1/33       4,100      4,319
  Port Authority of New York & New Jersey Port, Airport & Marina Revenue 5.000%   9/1/33      11,415     12,327
  Port Authority of New York & New Jersey Port, Airport & Marina Revenue 5.000%   9/1/33       5,605      6,493
  Port Authority of New York & New Jersey Port, Airport & Marina Revenue 5.000%   9/1/34       8,665      9,327
  Port Authority of New York & New Jersey Port, Airport & Marina Revenue 5.000%   9/1/34       4,075      4,281
  Port Authority of New York & New Jersey Port, Airport & Marina Revenue 5.000%   9/1/34       4,990      5,371
  Port Authority of New York & New Jersey Port, Airport & Marina Revenue 5.000%  11/1/34       2,880      3,106
  Port Authority of New York & New Jersey Port, Airport & Marina Revenue 5.000% 11/15/34       5,005      5,233
  Port Authority of New York & New Jersey Port, Airport & Marina Revenue 5.000%   9/1/35       2,060      2,208
  Port Authority of New York & New Jersey Port, Airport & Marina Revenue 5.000%   9/1/35       5,030      5,267
  Port Authority of New York & New Jersey Port, Airport & Marina Revenue 5.000%  11/1/35       3,025      3,248
  Port Authority of New York & New Jersey Port, Airport & Marina Revenue 5.000%   9/1/36       8,740      9,323
  Port Authority of New York & New Jersey Port, Airport & Marina Revenue 5.000%   9/1/36       4,500      4,701
  Port Authority of New York & New Jersey Port, Airport & Marina Revenue 5.000%  11/1/36       5,000      5,333
  Port Authority of New York & New Jersey Port, Airport & Marina Revenue 5.000%   9/1/37       5,025      5,233
  Port Authority of New York & New Jersey Port, Airport & Marina Revenue 5.000%  12/1/37       2,710      3,088
  Port Authority of New York & New Jersey Port, Airport & Marina Revenue 5.000%   9/1/38       6,035      6,379
  Port Authority of New York & New Jersey Port, Airport & Marina Revenue 5.000%  12/1/38       1,000      1,134
  Port Authority of New York & New Jersey Port, Airport & Marina Revenue 5.000%   9/1/39       6,395      6,736
  Port Authority of New York & New Jersey Port, Airport & Marina Revenue 5.000%   9/1/39       7,000      7,970
  Port Authority of New York & New Jersey Port, Airport & Marina Revenue 5.000%  12/1/39       1,170      1,319
  Port Authority of New York & New Jersey Port, Airport & Marina Revenue 5.000%  7/15/40       4,000      4,473
  Port Authority of New York & New Jersey Port, Airport & Marina Revenue 5.000%  7/15/40       4,400      4,920
  Port Authority of New York & New Jersey Port, Airport & Marina Revenue 5.000%  7/15/40       1,250      1,413
  Port Authority of New York & New Jersey Port, Airport & Marina Revenue 5.000%   9/1/40       1,260      1,426
  Port Authority of New York & New Jersey Port, Airport & Marina Revenue 5.000%  7/15/41       6,000      6,649
  Port Authority of New York & New Jersey Port, Airport & Marina Revenue 5.000%  7/15/41       4,375      4,848
  Port Authority of New York & New Jersey Port, Airport & Marina Revenue 5.000%  7/15/41       2,750      3,077
  Port Authority of New York & New Jersey Port, Airport & Marina Revenue 5.000%   9/1/41       1,730      1,938
  Port Authority of New York & New Jersey Port, Airport & Marina Revenue 5.000%  7/15/42       3,625      4,020
  Port Authority of New York & New Jersey Port, Airport & Marina Revenue 5.000%   9/1/42       2,975      3,303
  Port Authority of New York & New Jersey Port, Airport & Marina Revenue 5.000% 10/15/42       2,400      2,461
  Port Authority of New York & New Jersey Port, Airport & Marina Revenue 5.000%  7/15/43       1,850      2,036
  Port Authority of New York & New Jersey Port, Airport & Marina Revenue 5.000%   9/1/43       3,000      3,304
  Port Authority of New York & New Jersey Port, Airport & Marina Revenue 5.000%   9/1/44       2,180      2,387
  Port Authority of New York & New Jersey Port, Airport & Marina Revenue 5.000%  7/15/45       1,500      1,632
  Suffolk County NY GO 3.000% 10/15/40      10,200      9,239
  Suffolk County NY GO 3.000% 10/15/41      10,535      9,342
  Suffolk Regional Off-Track Betting Co. Casinos Revenue 5.000%  12/1/34       6,000      6,196
  Suffolk Regional Off-Track Betting Co. Revenue 5.750%  12/1/44       3,500      3,606
  Triborough Bridge & Tunnel Authority Fuel Sales Tax Revenue 0.000% 11/15/36       2,000      1,263
  Triborough Bridge & Tunnel Authority Fuel Sales Tax Revenue 5.000% 11/15/38       4,000      4,460
  Triborough Bridge & Tunnel Authority Fuel Sales Tax Revenue 5.000% 11/15/39       6,020      6,676
  Triborough Bridge & Tunnel Authority Highway Revenue 5.000% 11/15/27       1,000      1,063
  Triborough Bridge & Tunnel Authority Highway Revenue 0.000% 11/15/30       2,000      1,630
  Triborough Bridge & Tunnel Authority Highway Revenue 5.000% 11/15/30       8,435      8,817
  Triborough Bridge & Tunnel Authority Highway Revenue 5.000% 11/15/31      10,230     10,681
  Triborough Bridge & Tunnel Authority Highway Revenue 0.000% 11/15/32      28,665     21,648
  Triborough Bridge & Tunnel Authority Highway Revenue 5.000% 11/15/32      14,855     15,492
  Triborough Bridge & Tunnel Authority Highway Revenue 5.000% 11/15/33      14,900     15,268
  Triborough Bridge & Tunnel Authority Highway Revenue 5.000% 11/15/33       3,000      3,126
  Triborough Bridge & Tunnel Authority Highway Revenue 5.000% 11/15/33       5,255      5,475
  Triborough Bridge & Tunnel Authority Highway Revenue 5.000% 11/15/34       8,350      8,553
  Triborough Bridge & Tunnel Authority Highway Revenue 5.000% 11/15/35       2,045      2,071
  Triborough Bridge & Tunnel Authority Highway Revenue 5.000% 11/15/35       3,460      3,504
  Triborough Bridge & Tunnel Authority Highway Revenue 5.000% 11/15/35       6,065      6,209
  Triborough Bridge & Tunnel Authority Highway Revenue 5.000% 11/15/35       2,565      2,666
  Triborough Bridge & Tunnel Authority Highway Revenue 5.000% 11/15/35      11,000     11,433
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Triborough Bridge & Tunnel Authority Highway Revenue 5.000% 11/15/36      16,745     17,387
  Triborough Bridge & Tunnel Authority Highway Revenue 5.000% 11/15/36      10,950     11,535
  Triborough Bridge & Tunnel Authority Highway Revenue 5.000% 11/15/37       2,585      2,680
  Triborough Bridge & Tunnel Authority Highway Revenue 5.000% 11/15/37       2,455      2,545
  Triborough Bridge & Tunnel Authority Highway Revenue 4.000% 11/15/39       2,300      2,326
  Triborough Bridge & Tunnel Authority Highway Revenue 5.000% 11/15/40       8,550      9,619
  Triborough Bridge & Tunnel Authority Highway Revenue 5.000% 11/15/41       1,000      1,104
  Triborough Bridge & Tunnel Authority Highway Revenue 5.000% 11/15/41       6,390      7,116
  Triborough Bridge & Tunnel Authority Highway Revenue 5.000% 11/15/42      30,000     31,062
  Triborough Bridge & Tunnel Authority Highway Revenue 5.000% 11/15/42       5,270      5,810
  Triborough Bridge & Tunnel Authority Highway Revenue 5.000% 11/15/45       6,460      6,688
5 Triborough Bridge & Tunnel Authority Highway Revenue VRDO 1.550%   2/3/25       3,770      3,770
  Triborough Bridge & Tunnel Authority Miscellaneous Taxes Revenue 5.000%  5/15/27      10,000     10,517
  Triborough Bridge & Tunnel Authority Miscellaneous Taxes Revenue 5.000% 11/15/27       7,350      7,765
  Triborough Bridge & Tunnel Authority Miscellaneous Taxes Revenue 5.000%  5/15/28      15,100     16,190
  Triborough Bridge & Tunnel Authority Miscellaneous Taxes Revenue 5.000%  5/15/29      31,285     34,120
  Triborough Bridge & Tunnel Authority Miscellaneous Taxes Revenue 5.000%  5/15/30      15,005     16,637
  Triborough Bridge & Tunnel Authority Miscellaneous Taxes Revenue 5.000% 11/15/30      15,500     17,268
  Triborough Bridge & Tunnel Authority Miscellaneous Taxes Revenue 5.000%  5/15/31      10,320     11,616
  Triborough Bridge & Tunnel Authority Miscellaneous Taxes Revenue 5.000%  12/1/31       1,750      1,975
  Triborough Bridge & Tunnel Authority Miscellaneous Taxes Revenue 3.000%  5/15/32       3,545      3,474
  Triborough Bridge & Tunnel Authority Miscellaneous Taxes Revenue 5.000% 11/15/32       3,055      3,494
  Triborough Bridge & Tunnel Authority Miscellaneous Taxes Revenue 5.000%  12/1/32       1,225      1,394
  Triborough Bridge & Tunnel Authority Miscellaneous Taxes Revenue 3.000%  5/15/33          10         10
  Triborough Bridge & Tunnel Authority Miscellaneous Taxes Revenue 5.000% 11/15/33       2,915      3,374
  Triborough Bridge & Tunnel Authority Miscellaneous Taxes Revenue 5.000% 11/15/33      35,000     40,511
  Triborough Bridge & Tunnel Authority Miscellaneous Taxes Revenue 5.000% 11/15/34       5,430      6,266
  Triborough Bridge & Tunnel Authority Miscellaneous Taxes Revenue 5.000% 11/15/34      40,000     46,692
  Triborough Bridge & Tunnel Authority Miscellaneous Taxes Revenue 5.000%  12/1/34       1,000      1,152
  Triborough Bridge & Tunnel Authority Miscellaneous Taxes Revenue 5.000% 11/15/36       4,445      5,078
  Triborough Bridge & Tunnel Authority Miscellaneous Taxes Revenue 5.000% 11/15/37       4,025      4,559
  Triborough Bridge & Tunnel Authority Miscellaneous Taxes Revenue 5.000% 11/15/38       3,595      4,051
  Triborough Bridge & Tunnel Authority Miscellaneous Taxes Revenue 5.000%  5/15/40       6,500      7,141
  Triborough Bridge & Tunnel Authority Miscellaneous Taxes Revenue 5.250% 11/15/40       5,050      5,717
  Triborough Bridge & Tunnel Authority Miscellaneous Taxes Revenue 5.250%  5/15/41       7,500      8,308
  Triborough Bridge & Tunnel Authority Miscellaneous Taxes Revenue 5.000% 11/15/41       5,395      5,925
  Triborough Bridge & Tunnel Authority Miscellaneous Taxes Revenue 5.000%  5/15/42       7,500      8,121
  Triborough Bridge & Tunnel Authority Miscellaneous Taxes Revenue 5.250% 11/15/42       4,960      5,524
  Triborough Bridge & Tunnel Authority Miscellaneous Taxes Revenue 5.000%  12/1/42       1,750      1,923
  Triborough Bridge & Tunnel Authority Miscellaneous Taxes Revenue 5.000%  5/15/43      31,220     33,637
  Triborough Bridge & Tunnel Authority Miscellaneous Taxes Revenue 5.000% 11/15/43       1,985      2,158
  Triborough Bridge & Tunnel Authority Miscellaneous Taxes Revenue 5.000%  5/15/45      14,000     15,066
  Triborough Bridge & Tunnel Authority Miscellaneous Taxes Revenue 5.000%  5/15/46      13,000     13,913
  Triborough Bridge & Tunnel Authority Miscellaneous Taxes Revenue PUT 2.000%  5/15/26      20,500     20,059
  Triborough Bridge & Tunnel Authority Miscellaneous Taxes Revenue PUT 2.000%  5/15/28      21,115     19,887
  Triborough Bridge & Tunnel Authority Sales Tax Revenue 5.000%  5/15/38       1,000      1,132
  Triborough Bridge & Tunnel Authority Sales Tax Revenue 5.000%  5/15/39       1,000      1,123
  Triborough Bridge & Tunnel Authority Sales Tax Revenue 5.000%  5/15/41       2,200      2,411
  Triborough Bridge & Tunnel Authority Sales Tax Revenue 5.000%  5/15/41       3,410      3,741
  Triborough Bridge & Tunnel Authority Sales Tax Revenue 5.000%  5/15/41       3,000      3,321
  Triborough Bridge & Tunnel Authority Sales Tax Revenue 5.000%  5/15/42       3,200      3,490
  Triborough Bridge & Tunnel Authority Sales Tax Revenue 5.000%  5/15/42       3,750      4,124
  Triborough Bridge & Tunnel Authority Sales Tax Revenue 5.000%  5/15/43       3,915      4,246
  Triborough Bridge & Tunnel Authority Sales Tax Revenue 5.000%  5/15/43       4,000      4,372
  Triborough Bridge & Tunnel Authority Sales Tax Revenue 5.000%  5/15/44       6,000      6,524
  Triborough Bridge & Tunnel Authority Sales Tax Revenue 5.000%  5/15/45       5,000      5,401
  Triborough Bridge & Tunnel Authority Sales Tax Revenue 5.000%  5/15/46       4,010      4,311
  Troy Capital Resource Corp. College & University Revenue (Rensselaer Polytechnic Institute Project) 5.000%   9/1/30       2,575      2,800
  Troy Capital Resource Corp. College & University Revenue (Rensselaer Polytechnic Institute Project) 5.000%   9/1/31       2,000      2,168
  Troy Capital Resource Corp. College & University Revenue (Rensselaer Polytechnic Institute Project) 5.000%   9/1/32       2,870      3,104
  Troy Capital Resource Corp. College & University Revenue (Rensselaer Polytechnic Institute Project) 5.000%   9/1/33       2,500      2,694
  Troy Capital Resource Corp. College & University Revenue (Rensselaer Polytechnic Institute Project) 5.000%   9/1/35       2,000      2,138
  Troy Capital Resource Corp. College & University Revenue (Rensselaer Polytechnic Institute Project) 5.000%   9/1/38       1,275      1,344
  Troy Capital Resource Corp. College & University Revenue (Rensselaer Polytechnic Institute Project) 5.000%   9/1/39       1,155      1,214
  Troy Capital Resource Corp. College & University Revenue (Rensselaer Polytechnic Institute Project) 4.000%   9/1/40       2,230      2,172
  TSASC Inc. NY Tobacco Settlement Funded Revenue 5.000%   6/1/25      12,000     12,059
  TSASC Inc. NY Tobacco Settlement Funded Revenue 5.000%   6/1/26       6,050      6,167
  TSASC Inc. NY Tobacco Settlement Funded Revenue 5.000%   6/1/27      11,180     11,543
  TSASC Inc. NY Tobacco Settlement Funded Revenue 5.000%   6/1/28       7,190      7,417
  TSASC Inc. NY Tobacco Settlement Funded Revenue 5.000%   6/1/29      10,250     10,562
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  TSASC Inc. NY Tobacco Settlement Funded Revenue 5.000%   6/1/31      10,000     10,286
  TSASC Inc. NY Tobacco Settlement Funded Revenue 5.000%   6/1/32       8,545      8,778
  TSASC Inc. NY Tobacco Settlement Funded Revenue 5.000%   6/1/33       1,010      1,036
  TSASC Inc. NY Tobacco Settlement Funded Revenue 5.000%   6/1/34       3,990      4,084
  TSASC Inc. NY Tobacco Settlement Funded Revenue 5.000%   6/1/35       5,000      5,108
  TSASC Inc. NY Tobacco Settlement Funded Revenue 5.000%   6/1/41       4,000      4,047
  Utility Debt Securitization Authority Electric Power & Light Revenue 5.000% 12/15/28      18,310     19,032
  Utility Debt Securitization Authority Electric Power & Light Revenue 5.000% 12/15/28       3,800      3,950
  Utility Debt Securitization Authority Electric Power & Light Revenue 5.000%  6/15/29       7,000      7,333
  Utility Debt Securitization Authority Electric Power & Light Revenue 5.000% 12/15/29       6,500      6,869
  Utility Debt Securitization Authority Electric Power & Light Revenue 5.000% 12/15/30       4,000      4,334
  Utility Debt Securitization Authority Electric Power & Light Revenue 5.000% 12/15/33      24,870     25,502
  Utility Debt Securitization Authority Electric Power & Light Revenue 5.000% 12/15/34      28,500     28,937
  Utility Debt Securitization Authority Electric Power & Light Revenue 5.000% 12/15/34      17,345     17,774
  Utility Debt Securitization Authority Electric Power & Light Revenue 5.000% 12/15/35      50,905     51,672
  Utility Debt Securitization Authority Electric Power & Light Revenue 5.000% 12/15/36       7,270      7,378
  Utility Debt Securitization Authority Electric Power & Light Revenue 5.000% 12/15/38      20,000     22,398
  Utility Debt Securitization Authority Electric Power & Light Revenue 5.000% 12/15/39       9,000     10,018
  Utility Debt Securitization Authority Electric Power & Light Revenue 5.000% 12/15/40       2,200      2,287
  Utility Debt Securitization Authority Electric Power & Light Revenue 5.000% 12/15/40       1,740      1,965
  Utility Debt Securitization Authority Electric Power & Light Revenue 5.000% 12/15/41       5,415      5,616
  Utility Debt Securitization Authority Electric Power & Light Revenue 5.000% 12/15/41       3,810      4,273
  Westchester County Local Development Corp. Health, Hospital, Nursing Home Revenue 5.000%  11/1/31       2,600      2,600
3 Westchester County Local Development Corp. Health, Hospital, Nursing Home Revenue 5.250%  11/1/31       3,630      4,025
  Westchester County Local Development Corp. Health, Hospital, Nursing Home Revenue 5.000%  11/1/32       2,375      2,375
3 Westchester County Local Development Corp. Health, Hospital, Nursing Home Revenue 5.250%  11/1/32       4,000      4,475
  Westchester County Local Development Corp. Health, Hospital, Nursing Home Revenue 5.000%  11/1/33       2,965      2,965
3 Westchester County Local Development Corp. Health, Hospital, Nursing Home Revenue 5.250%  11/1/33       3,000      3,384
3 Westchester County Local Development Corp. Health, Hospital, Nursing Home Revenue 5.250%  11/1/34       4,295      4,844
4 Westchester County Local Development Corp. Health, Hospital, Nursing Home Revenue 5.000%   7/1/36      11,300     11,695
4 Westchester County Local Development Corp. Health, Hospital, Nursing Home Revenue 5.000%   7/1/41       3,000      3,055
  Westchester County NY Healthcare Corp. Health, Hospital, Nursing Home Revenue 6.000%  11/1/30         115        115
  Westchester Tobacco Asset Securitization Corp. Tobacco Settlement Funded Revenue 5.000%   6/1/25       1,505      1,511
  Westchester Tobacco Asset Securitization Corp. Tobacco Settlement Funded Revenue 5.000%   6/1/27       4,405      4,519
  Westchester Tobacco Asset Securitization Corp. Tobacco Settlement Funded Revenue 5.000%   6/1/28       3,000      3,076
  Westchester Tobacco Asset Securitization Corp. Tobacco Settlement Funded Revenue 5.000%   6/1/29       4,490      4,600
  Westchester Tobacco Asset Securitization Corp. Tobacco Settlement Funded Revenue 5.000%   6/1/30       4,645      4,756
  Westchester Tobacco Asset Securitization Corp. Tobacco Settlement Funded Revenue 5.000%   6/1/31       2,740      2,802
  Westchester Tobacco Asset Securitization Corp. Tobacco Settlement Funded Revenue 5.000%   6/1/32       2,160      2,207
  Westchester Tobacco Asset Securitization Corp. Tobacco Settlement Funded Revenue 5.000%   6/1/34       2,525      2,569
  Westchester Tobacco Asset Securitization Corp. Tobacco Settlement Funded Revenue 5.000%   6/1/35       3,685      3,742
1 Yonkers NY GO 5.000% 11/15/35         425        476
1 Yonkers NY GO 5.000% 11/15/36         450        502
1 Yonkers NY GO 5.000% 11/15/37         425        471
1 Yonkers NY GO 5.000% 11/15/39       1,000      1,097
                                  10,127,529
North Carolina (0.7%)
  Buncombe County NC Appropriations Revenue 5.000%   6/1/30       1,000      1,006
  Buncombe County NC Intergovernmental Agreement Revenue 3.000%   6/1/38         310        280
  Buncombe County NC Intergovernmental Agreement Revenue 3.000%   6/1/39         435        388
  Buncombe County NC Intergovernmental Agreement Revenue 3.000%   6/1/40         485        427
  Cary NC Combined Utility Systems Water Revenue 5.000%  12/1/30       1,010      1,066
  Charlotte NC (Transit Projects) COP 3.000%   6/1/39       3,685      3,255
  Charlotte NC (Transit Projects) COP 3.000%   6/1/41       4,060      3,479
  Charlotte NC Airport Port, Airport & Marina Revenue 5.000%   7/1/27       3,470      3,645
  Charlotte NC Airport Port, Airport & Marina Revenue 5.000%   7/1/28       2,200      2,305
  Charlotte NC Airport Port, Airport & Marina Revenue 5.000%   7/1/29       1,190      1,195
  Charlotte NC Airport Port, Airport & Marina Revenue 5.000%   7/1/29       2,815      2,945
  Charlotte NC Airport Port, Airport & Marina Revenue 5.000%   7/1/30       3,100      3,238
  Charlotte NC Airport Port, Airport & Marina Revenue 5.000%   7/1/31       1,690      1,760
  Charlotte NC Airport Port, Airport & Marina Revenue 4.000%   7/1/32       1,000      1,010
  Charlotte NC Airport Port, Airport & Marina Revenue 4.000%   7/1/33       2,465      2,488
  Charlotte NC Airport Port, Airport & Marina Revenue 5.000%   7/1/33       1,660      1,724
  Charlotte NC Airport Port, Airport & Marina Revenue 4.000%   7/1/35       2,250      2,325
  Charlotte NC Airport Port, Airport & Marina Revenue 4.000%   7/1/36       2,155      2,219
  Charlotte NC Airport Port, Airport & Marina Revenue 5.000%   7/1/36       1,840      1,904
  Charlotte NC Airport Port, Airport & Marina Revenue 4.000%   7/1/41       2,200      2,211
  Charlotte NC Airport Port, Airport & Marina Revenue 5.000%   7/1/41       2,155      2,355
  Charlotte NC Airport Port, Airport & Marina Revenue 5.000%   7/1/43       3,955      4,284
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Charlotte NC Airport Port, Airport & Marina Revenue 5.000%   7/1/44       6,435      6,942
  Charlotte NC GO 5.000%   6/1/26       2,700      2,782
  Charlotte NC GO 5.000%   7/1/29       2,350      2,570
  Charlotte NC GO 5.000%   7/1/30       2,425      2,697
  Charlotte NC GO 5.000%   7/1/33       1,325      1,531
  Charlotte NC GO 5.000%   6/1/34       2,370      2,553
  Charlotte NC GO 5.000%   7/1/37       2,250      2,559
  Charlotte NC GO 5.000%   7/1/38       2,175      2,460
  Charlotte NC GO 5.000%   7/1/41       4,425      4,905
  Charlotte NC GO 5.000%   7/1/43       2,325      2,543
  Charlotte NC Storm Water Revenue 5.000%  12/1/31       1,920      2,178
  Charlotte NC Storm Water Revenue 5.000%  12/1/32       2,000      2,295
  Charlotte NC Storm Water Revenue 5.000%  12/1/40       1,165      1,315
  Charlotte NC Storm Water Revenue 5.000%  12/1/41       1,165      1,307
  Charlotte NC Storm Water Revenue 5.000%  12/1/42       2,000      2,234
  Charlotte NC Storm Water Revenue 5.000%  12/1/43       2,000      2,214
  Charlotte NC Storm Water Revenue 5.000%  12/1/44       1,300      1,432
  Charlotte NC Water & Sewer System Water Revenue 5.000%   7/1/32       1,250      1,427
  Charlotte NC Water & Sewer System Water Revenue 5.000%   7/1/33       1,000      1,155
  Charlotte NC Water & Sewer System Water Revenue 5.000%   7/1/34       1,315      1,531
  Charlotte NC Water & Sewer System Water Revenue 4.000%   7/1/35       1,785      1,821
  Charlotte NC Water & Sewer System Water Revenue 5.000%   7/1/36       2,335      2,758
  Charlotte NC Water & Sewer System Water Revenue 5.000%   7/1/41       2,000      2,235
  Charlotte NC Water & Sewer System Water Revenue 5.000%   7/1/42       2,500      2,782
  Charlotte NC Water & Sewer System Water Revenue 5.000%   7/1/43       5,000      5,517
  Charlotte NC Water & Sewer System Water Revenue 5.000%   7/1/44       2,355      2,587
  Charlotte-Mecklenburg Hospital Authority Health, Hospital, Nursing Home Revenue PUT 3.250%  6/15/27      11,535     11,502
  Charlotte-Mecklenburg Hospital Authority Health, Hospital, Nursing Home Revenue PUT 3.625%  6/15/27       1,515      1,523
  Charlotte-Mecklenburg Hospital Authority Health, Hospital, Nursing Home Revenue PUT 1.950%  11/1/29      11,250     10,236
  Fayetteville NC Public Works Commission Electric Power & Light Revenue 4.000%   3/1/39       3,600      3,645
  Guilford County NC GO 3.000%   5/1/38       2,220      2,015
  Guilford County NC GO 3.000%   5/1/39       2,220      1,986
  Guilford County NC GO 4.000%   3/1/42       5,620      5,620
  Guilford County NC GO 4.000%   3/1/43       3,335      3,314
  Inlivian Local or Guaranteed Housing Revenue 4.450%   6/1/41       2,988      3,017
  Mecklenburg County NC GO 5.000%   9/1/25      17,320     17,551
  Mecklenburg County NC GO 5.000%   9/1/29      10,000     10,971
  New Hanover County NC Health, Hospital, Nursing Home Revenue, Prere. 5.000%  10/1/27       4,000      4,214
  New Hanover County NC Health, Hospital, Nursing Home Revenue, Prere. 5.000%  10/1/27       1,500      1,580
  New Hanover County NC Health, Hospital, Nursing Home Revenue, Prere. 5.000%  10/1/27       1,250      1,317
  New Hanover County NC Health, Hospital, Nursing Home Revenue, Prere. 5.000%  10/1/27       2,665      2,807
  North Carolina Appropriations Revenue 5.000%   5/1/29      20,165     21,081
  North Carolina Appropriations Revenue (Build NC Programs) 3.000%   5/1/32       8,110      7,854
  North Carolina Appropriations Revenue (Build NC Programs) 3.000%   5/1/33      10,250      9,840
  North Carolina Appropriations Revenue (Build NC Programs) 3.000%   5/1/34       7,000      6,659
  North Carolina Government Fund/Grant Revenue 5.000%   3/1/29      15,000     15,020
  North Carolina Government Fund/Grant Revenue 5.000%   3/1/30      10,000     10,012
  North Carolina Housing Finance Agency Local or Guaranteed Housing Revenue 4.350%   7/1/43       6,135      6,062
  North Carolina Housing Finance Agency Local or Guaranteed Housing Revenue 3.750%   7/1/52      10,690     10,676
  North Carolina Housing Finance Agency Local or Guaranteed Housing Revenue 5.500%   1/1/54      11,885     12,714
  North Carolina Medical Care Commission Health, Hospital, Nursing Home Revenue 2.300%   9/1/25         495        489
  North Carolina Medical Care Commission Health, Hospital, Nursing Home Revenue 5.000%   3/1/27         290        296
  North Carolina Medical Care Commission Health, Hospital, Nursing Home Revenue 5.000%   3/1/27         460        469
  North Carolina Medical Care Commission Health, Hospital, Nursing Home Revenue 5.000%  12/1/27       2,215      2,319
  North Carolina Medical Care Commission Health, Hospital, Nursing Home Revenue 5.000%   1/1/28         795        795
  North Carolina Medical Care Commission Health, Hospital, Nursing Home Revenue 5.000%   3/1/28         305        313
  North Carolina Medical Care Commission Health, Hospital, Nursing Home Revenue 5.000%   3/1/28         360        370
  North Carolina Medical Care Commission Health, Hospital, Nursing Home Revenue 5.000%   9/1/28         940        956
  North Carolina Medical Care Commission Health, Hospital, Nursing Home Revenue 5.000%  12/1/28       2,695      2,855
  North Carolina Medical Care Commission Health, Hospital, Nursing Home Revenue 5.000%   1/1/29         565        565
  North Carolina Medical Care Commission Health, Hospital, Nursing Home Revenue 5.000%   9/1/29         985      1,002
  North Carolina Medical Care Commission Health, Hospital, Nursing Home Revenue 5.000%  12/1/29       1,400      1,485
  North Carolina Medical Care Commission Health, Hospital, Nursing Home Revenue 5.000%   1/1/30         655        655
  North Carolina Medical Care Commission Health, Hospital, Nursing Home Revenue 5.000%   9/1/30         500        508
  North Carolina Medical Care Commission Health, Hospital, Nursing Home Revenue 5.000%  10/1/30       4,650      4,746
  North Carolina Medical Care Commission Health, Hospital, Nursing Home Revenue 5.000%  12/1/30       1,445      1,531
  North Carolina Medical Care Commission Health, Hospital, Nursing Home Revenue 5.000%   1/1/31         625        623
  North Carolina Medical Care Commission Health, Hospital, Nursing Home Revenue 5.000%  10/1/31       1,175      1,199
  North Carolina Medical Care Commission Health, Hospital, Nursing Home Revenue 3.000%   2/1/35       1,000        900
  North Carolina Medical Care Commission Health, Hospital, Nursing Home Revenue 4.000%  10/1/35       1,550      1,533
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  North Carolina Medical Care Commission Health, Hospital, Nursing Home Revenue 4.000%   3/1/36         660        637
  North Carolina Medical Care Commission Health, Hospital, Nursing Home Revenue 5.000%   1/1/39       1,225      1,173
  North Carolina Medical Care Commission Health, Hospital, Nursing Home Revenue 4.000%   9/1/40       3,165      2,865
  North Carolina Medical Care Commission Health, Hospital, Nursing Home Revenue 5.000%  10/1/40       2,000      2,076
  North Carolina Medical Care Commission Health, Hospital, Nursing Home Revenue (Penick Village Project) 4.250%   9/1/28         365        365
  North Carolina Medical Care Commission Health, Hospital, Nursing Home Revenue (Penick Village Project) 4.500%   9/1/29         310        310
  North Carolina Medical Care Commission Health, Hospital, Nursing Home Revenue (Penick Village Project) 4.750%   9/1/29         135        135
  North Carolina Medical Care Commission Health, Hospital, Nursing Home Revenue (Penick Village Project) 5.000%   9/1/34         395        406
  North Carolina Medical Care Commission Health, Hospital, Nursing Home Revenue (Penick Village Project) 5.500%   9/1/44       1,815      1,859
  North Carolina Medical Care Commission Health, Hospital, Nursing Home Revenue (Pennbyrn at Maryfield Project) 5.000%  10/1/40       1,050      1,057
  North Carolina Medical Care Commission Health, Hospital, Nursing Home Revenue, Prere. 5.000%   6/1/25       1,275      1,284
  North Carolina Medical Care Commission Health, Hospital, Nursing Home Revenue, Prere. 5.000%   6/1/25       2,655      2,674
3 North Carolina Turnpike Authority Highway Revenue 5.000%   1/1/26       2,015      2,053
  North Carolina Turnpike Authority Highway Revenue 5.000%   1/1/27       2,900      2,997
3 North Carolina Turnpike Authority Highway Revenue 5.000%   1/1/28       4,000      4,140
  North Carolina Turnpike Authority Highway Revenue 5.000%   1/1/28       3,925      4,128
3 North Carolina Turnpike Authority Highway Revenue 5.000%   1/1/29       2,600      2,685
  North Carolina Turnpike Authority Highway Revenue 5.000%   1/1/29       3,180      3,393
  North Carolina Turnpike Authority Highway Revenue 5.000%   1/1/30       7,175      7,604
  North Carolina Turnpike Authority Highway Revenue 5.000%   1/1/30       1,000      1,030
  North Carolina Turnpike Authority Highway Revenue 5.000%   1/1/32       1,400      1,438
3 North Carolina Turnpike Authority Highway Revenue 5.000%   1/1/32       3,780      4,021
8 North Carolina Turnpike Authority Highway Revenue 0.000%   1/1/34       9,000      6,471
3 North Carolina Turnpike Authority Highway Revenue 5.000%   1/1/34      15,745     16,679
3 North Carolina Turnpike Authority Highway Revenue 5.000%   1/1/35      10,020     10,595
  North Carolina Turnpike Authority Highway Revenue 4.000%   1/1/39      22,125     21,476
  North Carolina Turnpike Authority Highway Revenue 5.000%   1/1/40       3,620      3,743
  North Carolina Turnpike Authority Highway Revenue 5.000%   1/1/43       2,000      2,067
  Pender County NC GO 3.000%   3/1/39       5,100      4,558
  Pender County NC GO 3.000%   3/1/40       4,200      3,696
  Raleigh Housing Authority Local or Guaranteed Housing Revenue PUT 5.000%   9/1/26       4,880      4,975
  Raleigh NC Combined Enterprise System Water Revenue 5.000%   9/1/27         530        560
  Raleigh NC Combined Enterprise System Water Revenue 5.000%   9/1/29       1,000      1,097
  Rowan County NC Appropriations Revenue 5.000%   4/1/31       1,655      1,841
  Rowan County NC Appropriations Revenue 5.000%   4/1/32       1,000      1,125
  Rowan County NC Appropriations Revenue 4.000%   4/1/38       2,190      2,223
  Rowan County NC Appropriations Revenue 4.000%   4/1/39       2,000      2,008
  Rowan County NC Appropriations Revenue 4.000%   4/1/40       1,125      1,123
  Rowan County NC Appropriations Revenue 4.000%   4/1/41       1,105      1,093
  Rowan County NC Appropriations Revenue 4.000%   4/1/42       1,125      1,103
  Rowan County NC Appropriations Revenue 4.000%   4/1/43         955        934
  Rowan County NC Appropriations Revenue 4.000%   4/1/44       2,000      1,953
  Salisbury NC Local or Guaranteed Housing Revenue PUT 5.000%   6/1/26       2,296      2,349
  Union County NC Enterprise System Water Revenue 3.000%   6/1/39       1,210      1,057
  Union County NC Enterprise System Water Revenue 3.000%   6/1/43       3,100      2,560
  Union County NC GO 5.000%   9/1/27       5,935      6,273
  University of North Carolina at Charlotte College & University Revenue 4.000%  10/1/33       1,000      1,012
  University of North Carolina at Charlotte College & University Revenue 4.000%  10/1/34       1,250      1,263
  University of North Carolina at Charlotte College & University Revenue 4.000%  10/1/35       1,100      1,111
  University of North Carolina at Greensboro College & University Revenue 4.000%   4/1/34       3,000      3,040
  University of North Carolina at Greensboro College & University Revenue 4.000%   4/1/36       1,385      1,399
  Wake County NC GO 5.000%   5/1/29      14,190     15,465
  Wake County NC GO 5.000%   3/1/30       5,000      5,316
  Wake County NC GO 4.000%   6/1/42       3,455      3,455
  Wake County NC GO 4.000%   6/1/43       3,455      3,433
  Western Carolina University College & University Revenue 3.000%   4/1/35       2,390      2,238
  Western Carolina University College & University Revenue 3.000%   4/1/37       2,670      2,470
  Wilson NC Special Obligation Revenue 4.000%  10/1/40       1,175      1,181
  Wilson NC Special Obligation Revenue 4.000%  10/1/42       2,255      2,224
  Wilson NC Special Obligation Revenue 4.000%  10/1/43       1,430      1,408
  Winston-Salem State University Foundation LLC College & University Revenue 5.000%   4/1/30         460        499
  Winston-Salem State University Foundation LLC College & University Revenue 5.000%   4/1/32         505        560
  Winston-Salem State University Foundation LLC College & University Revenue 4.000%   4/1/34         830        846
  Winston-Salem State University Foundation LLC College & University Revenue 4.000%   4/1/35         860        872
  Winston-Salem State University Foundation LLC College & University Revenue 4.000%   4/1/36         620        627
                                     514,972
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
North Dakota (0.1%)
  Cass County Joint Water Resource District Intergovernmental Agreement Revenue 3.450%   4/1/27       8,915      8,897
  Grand Forks ND Health, Hospital, Nursing Home Revenue 5.000%  12/1/25       3,000      3,017
  Grand Forks ND Health, Hospital, Nursing Home Revenue 5.000%  12/1/26       5,060      5,172
  Grand Forks ND Health, Hospital, Nursing Home Revenue 5.000%  12/1/29       1,400      1,466
  Grand Forks ND Health, Hospital, Nursing Home Revenue 5.000%  12/1/30       1,770      1,865
  Grand Forks ND Health, Hospital, Nursing Home Revenue 5.000%  12/1/31       1,505      1,590
3 Grand Forks ND Health, Hospital, Nursing Home Revenue 5.000%  12/1/36         550        595
  Grand Forks ND Health, Hospital, Nursing Home Revenue 4.000%  12/1/37       1,900      1,795
3 Grand Forks ND Health, Hospital, Nursing Home Revenue 5.000%  12/1/37         550        591
  Grand Forks ND Health, Hospital, Nursing Home Revenue 4.000%  12/1/38       1,500      1,401
3 Grand Forks ND Health, Hospital, Nursing Home Revenue 5.000%  12/1/38         500        535
3 Grand Forks ND Health, Hospital, Nursing Home Revenue 3.000%  12/1/39       1,125        944
  Grand Forks ND Health, Hospital, Nursing Home Revenue 4.000%  12/1/40       2,050      1,870
3 Grand Forks ND Health, Hospital, Nursing Home Revenue 5.000%  12/1/40         500        529
  Grand Forks ND Health, Hospital, Nursing Home Revenue 4.000%  12/1/41       2,250      2,026
3 Grand Forks ND Health, Hospital, Nursing Home Revenue 5.000%  12/1/41         625        658
3 Grand Forks ND Health, Hospital, Nursing Home Revenue 5.000%  12/1/42         650        681
3 Grand Forks ND Health, Hospital, Nursing Home Revenue 5.000%  12/1/43         675        704
  Horace ND GO 5.000%   5/1/31         555        588
  Horace ND GO 5.000%   5/1/32         580        618
  Horace ND GO 4.500%   5/1/39       2,000      1,995
  Horace ND GO 4.750%   5/1/44         750        750
  Mandan Public School District No. 1 GO 5.000%   8/1/26       1,250      1,289
  North Dakota Housing Finance Agency Local or Guaranteed Housing Revenue 6.000%   7/1/55       2,000      2,226
  North Dakota Housing Finance Agency Local or Guaranteed Housing Revenue (Housing Finance Program) 3.000%   7/1/52       2,920      2,838
  North Dakota Housing Finance Agency Local or Guaranteed Housing Revenue (Housing Finance Program) 5.750%   7/1/53       5,240      5,551
  Ward County ND Health, Hospital, Nursing Home Revenue 5.000%   6/1/29       2,000      2,062
  Ward County ND Health, Hospital, Nursing Home Revenue 5.000%   6/1/30       1,800      1,854
  Ward County ND Health, Hospital, Nursing Home Revenue 5.000%   6/1/31       3,685      3,792
  Ward County ND Health, Hospital, Nursing Home Revenue 5.000%   6/1/34       2,250      2,304
  West Fargo Public School District No. 6 GO 3.000%   8/1/33       2,000      1,897
  West Fargo Public School District No. 6 GO 3.000%   8/1/34       3,585      3,384
                                      65,484
Ohio (2.5%)
  Akron Bath Copley Joint Township Hospital District Health, Hospital, Nursing Home Revenue 5.250% 11/15/27       1,340      1,381
  Akron Bath Copley Joint Township Hospital District Health, Hospital, Nursing Home Revenue 5.000% 11/15/28         490        515
  Akron Bath Copley Joint Township Hospital District Health, Hospital, Nursing Home Revenue 5.250% 11/15/28       1,210      1,245
  Akron Bath Copley Joint Township Hospital District Health, Hospital, Nursing Home Revenue 5.000% 11/15/29         315        334
  Akron Bath Copley Joint Township Hospital District Health, Hospital, Nursing Home Revenue 5.250% 11/15/29       1,315      1,352
  Akron Bath Copley Joint Township Hospital District Health, Hospital, Nursing Home Revenue 5.000% 11/15/30       1,025      1,095
  Akron Bath Copley Joint Township Hospital District Health, Hospital, Nursing Home Revenue 5.000% 11/15/31         675        719
  Akron Bath Copley Joint Township Hospital District Health, Hospital, Nursing Home Revenue 5.250% 11/15/31       1,000      1,026
  Akron Bath Copley Joint Township Hospital District Health, Hospital, Nursing Home Revenue 5.000% 11/15/32         900        951
  Akron Bath Copley Joint Township Hospital District Health, Hospital, Nursing Home Revenue 4.000% 11/15/33         900        891
  Akron Bath Copley Joint Township Hospital District Health, Hospital, Nursing Home Revenue 4.000% 11/15/34         300        295
  Akron Bath Copley Joint Township Hospital District Health, Hospital, Nursing Home Revenue 5.250% 11/15/34       3,540      3,615
  Akron Bath Copley Joint Township Hospital District Health, Hospital, Nursing Home Revenue 4.000% 11/15/35       3,800      3,720
  Akron Bath Copley Joint Township Hospital District Health, Hospital, Nursing Home Revenue 4.000% 11/15/36       2,800      2,723
  Akron Bath Copley Joint Township Hospital District Health, Hospital, Nursing Home Revenue 4.000% 11/15/37         800        768
  Akron Bath Copley Joint Township Hospital District Health, Hospital, Nursing Home Revenue 4.000% 11/15/38       1,500      1,422
  Akron Bath Copley Joint Township Hospital District Health, Hospital, Nursing Home Revenue 3.000% 11/15/40      13,000     12,161
  Akron OH Income Tax Revenue 4.000%  12/1/25         470        474
  Akron OH Income Tax Revenue 4.000%  12/1/28         775        788
  Akron OH Income Tax Revenue 4.000%  12/1/29       1,015      1,031
  Akron OH Income Tax Revenue 4.000%  12/1/30         890        902
  Akron OH Income Tax Revenue 4.000%  12/1/31       2,145      2,185
  Akron OH Income Tax Revenue 4.000%  12/1/31         490        496
  Akron OH Income Tax Revenue 4.000%  12/1/31         370        383
  Akron OH Income Tax Revenue 4.000%  12/1/32       1,650      1,681
  Akron OH Income Tax Revenue 4.000%  12/1/32         745        753
  Akron OH Income Tax Revenue 4.000%  12/1/33       1,170      1,190
  Akron OH Income Tax Revenue 4.000%  12/1/33         615        621
  Allen County OH Hospital Facilities Health, Hospital, Nursing Home Revenue 5.000%   8/1/26      12,395     12,753
  Allen County OH Hospital Facilities Health, Hospital, Nursing Home Revenue 5.000%   8/1/28       6,110      6,476
  Allen County OH Hospital Facilities Health, Hospital, Nursing Home Revenue 5.000%   8/1/29      11,050     11,624
  Allen County OH Hospital Facilities Health, Hospital, Nursing Home Revenue 5.000%   8/1/30       5,000      5,265
  Allen County OH Hospital Facilities Health, Hospital, Nursing Home Revenue 4.000%   8/1/36       5,750      5,798
  Allen County OH Hospital Facilities Health, Hospital, Nursing Home Revenue 4.000%   8/1/37      10,000     10,044
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Allen County OH Hospital Facilities Health, Hospital, Nursing Home Revenue 4.000%   8/1/38       3,600      3,603
  Allen County OH Hospital Facilities Health, Hospital, Nursing Home Revenue 4.000%  12/1/40      17,750     17,126
  Allen County OH Hospital Facilities Revenue Health, Hospital, Nursing Home Revenue PUT 5.000%   6/4/30      25,170     27,023
  Allen County Port Authority College & University Revenue (University of Northwestern Ohio Project) 4.000%  12/1/35       1,305      1,217
  American Municipal Power Inc. Electric Power & Light Revenue (AMP Fremont Energy Center Project) 5.000%  2/15/29       3,845      4,065
  American Municipal Power Inc. Electric Power & Light Revenue (Combination Hydroelectric Projects) 4.000%  2/15/30       1,875      1,887
  American Municipal Power Inc. Electric Power & Light Revenue (Combination Hydroelectric Projects) 4.000%  2/15/31       1,565      1,574
  American Municipal Power Inc. Electric Power & Light Revenue (Combination Hydroelectric Projects) 4.000%  2/15/32       1,850      1,859
  American Municipal Power Inc. Electric Power & Light Revenue (Combined Hydroelectric Projects) 5.000%  2/15/41         835        910
  American Municipal Power Inc. Electric Power & Light Revenue (Combined Hydroelectric Projects) 5.000%  2/15/42       1,000      1,084
  American Municipal Power Inc. Electric Power & Light Revenue (Combined Hydroelectric Projects) 5.000%  2/15/43         725        780
  American Municipal Power Inc. Electric Power & Light Revenue (Combined Hydroelectric Projects) 5.000%  2/15/44         750        803
  American Municipal Power Inc. Electric Power & Light Revenue (Fremont Energy Center Project) 4.000%  2/15/36       1,240      1,264
  American Municipal Power Inc. Electric Power & Light Revenue (Fremont Energy Center Project) 4.000%  2/15/37       2,310      2,340
  American Municipal Power Inc. Electric Power & Light Revenue (Prairie State Energy Campus Project) 5.000%  2/15/26       8,045      8,209
  American Municipal Power Inc. Electric Power & Light Revenue (Prairie State Energy Campus Project) 5.000%  2/15/27       6,785      7,060
  American Municipal Power Inc. Electric Power & Light Revenue (Prairie State Energy Campus Project) 5.000%  2/15/28       6,055      6,413
  American Municipal Power Inc. Electric Power & Light Revenue (Prairie State Energy Campus Project) 5.000%  2/15/29       3,000      3,222
1 American Municipal Power Inc. Electric Power & Light Revenue (Prairie State Energy Campus Project) 4.000%  2/15/34       3,030      3,120
  American Municipal Power Inc. Electric Power & Light Revenue (Prairie State Energy Campus Project) 5.000%  2/15/34       4,620      4,822
  American Municipal Power Inc. Electric Power & Light Revenue (Prairie State Energy Campus Project) 5.000%  2/15/35       3,000      3,125
  American Municipal Power Inc. Electric Power & Light Revenue (Prairie State Energy Campus Project) 5.000%  2/15/37       4,245      4,397
  American Municipal Power Inc. Electric Power & Light Revenue (Prairie State Energy Campus Project) 5.000%  2/15/38       2,335      2,413
  Ashland City School District GO 3.000%  11/1/42       1,000        845
  Bluffton OH Health, Hospital, Nursing Home Revenue 5.000%  12/1/25       2,035      2,064
  Bluffton OH Health, Hospital, Nursing Home Revenue 5.000%  12/1/26       2,410      2,485
  Bluffton OH Health, Hospital, Nursing Home Revenue 5.000%  12/1/27       1,800      1,885
  Bluffton OH Health, Hospital, Nursing Home Revenue 5.000%  12/1/28       1,895      1,974
  Bluffton OH Health, Hospital, Nursing Home Revenue 5.000%  12/1/30       1,040      1,081
  Bluffton OH Health, Hospital, Nursing Home Revenue 5.000%  12/1/31       1,105      1,146
  Bluffton OH Health, Hospital, Nursing Home Revenue 4.000%  12/1/32       2,000      2,019
1 Brunswick City School District GO 0.000%  12/1/34         530        358
1 Brunswick City School District GO 0.000%  12/1/35         200        129
1 Brunswick City School District GO 0.000%  12/1/36         200        122
  Buckeye Tobacco Settlement Financing Authority Tobacco Settlement Funded Revenue 5.000%   6/1/27       2,555      2,634
  Buckeye Tobacco Settlement Financing Authority Tobacco Settlement Funded Revenue 5.000%   6/1/28       3,875      4,042
  Buckeye Tobacco Settlement Financing Authority Tobacco Settlement Funded Revenue 5.000%   6/1/30       2,335      2,485
  Buckeye Tobacco Settlement Financing Authority Tobacco Settlement Funded Revenue 5.000%   6/1/31       5,000      5,313
  Buckeye Tobacco Settlement Financing Authority Tobacco Settlement Funded Revenue 5.000%   6/1/33       5,795      6,132
  Buckeye Tobacco Settlement Financing Authority Tobacco Settlement Funded Revenue 5.000%   6/1/35       5,750      6,037
  Buckeye Tobacco Settlement Financing Authority Tobacco Settlement Funded Revenue 5.000%   6/1/36       1,550      1,625
  Buckeye Tobacco Settlement Financing Authority Tobacco Settlement Funded Revenue 4.000%   6/1/37       3,000      2,959
  Buckeye Tobacco Settlement Financing Authority Tobacco Settlement Funded Revenue 4.000%   6/1/38       1,900      1,857
  Buckeye Tobacco Settlement Financing Authority Tobacco Settlement Funded Revenue 4.000%   6/1/39       9,815      9,510
  Buckeye Tobacco Settlement Financing Authority Tobacco Settlement Funded Revenue 5.000%   6/1/55       2,665      2,397
  Butler County OH Health, Hospital, Nursing Home Revenue 5.000% 11/15/28       1,165      1,190
  Butler County OH Health, Hospital, Nursing Home Revenue 5.000% 11/15/30       1,245      1,265
  Butler County OH Health, Hospital, Nursing Home Revenue 5.000% 11/15/31       2,185      2,217
  Butler County OH Health, Hospital, Nursing Home Revenue 4.000% 11/15/36       2,000      1,874
  Butler County OH Health, Hospital, Nursing Home Revenue 4.000% 11/15/37       1,500      1,389
  Chillicothe OH Health, Hospital, Nursing Home Revenue 5.000%  12/1/26       2,985      3,062
  Chillicothe OH Health, Hospital, Nursing Home Revenue 5.000%  12/1/27       2,025      2,112
  Chillicothe OH Health, Hospital, Nursing Home Revenue 5.000%  12/1/37       5,715      5,873
  Cincinnati OH GO 5.000%  12/1/27         845        896
  Cincinnati OH GO 4.000%  12/1/28       1,060      1,092
  Cincinnati OH GO 4.000%  12/1/31         780        800
  Cincinnati OH GO 4.000%  12/1/32         800        818
  Cincinnati OH Water System Water Revenue 4.000%  12/1/29       1,300      1,335
10 Cleveland Department of Public Utilities Division of Public Power Electric Power & Light Revenue 0.000% 11/15/33       1,565      1,101
  Cleveland Heights & University Heights City School District GO 4.000%  12/1/33       1,395      1,420
  Cleveland Heights & University Heights City School District GO 4.000%  12/1/35       1,770      1,798
  Cleveland Heights & University Heights City School District GO 4.000%  12/1/36       3,605      3,654
  Cleveland Heights & University Heights City School District GO 4.000%  12/1/37       2,325      2,346
3 Cleveland OH Airport System Port, Airport & Marina Revenue 5.000%   1/1/29       2,000      2,002
  Cleveland OH GO 4.000%  12/1/33         310        323
  Cleveland OH GO 4.000%  12/1/34       2,285      2,368
  Cleveland OH GO 4.000%  12/1/35       1,660      1,710
  Cleveland OH Income Tax Revenue 3.000%  10/1/34         735        697
  Cleveland OH Income Tax Revenue 3.000%  10/1/35         570        534
  Cleveland OH Income Tax Revenue 3.000%  10/1/36         500        464
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Cleveland OH Income Tax Revenue 3.000%  10/1/37         805        737
  Cleveland OH Income Tax Revenue 3.000%  10/1/38         550        497
  Cleveland OH Income Tax Revenue 3.000%  10/1/39         500        444
  Cleveland OH Income Tax Revenue 3.000%  10/1/40         525        459
  Cleveland OH Income Tax Revenue 3.000%  10/1/41         825        709
  Cleveland-Cuyahoga County Port Authority Local or Guaranteed Housing Revenue 4.220%   9/1/39       5,000      4,984
  Cleveland-Cuyahoga County Port Authority Local or Guaranteed Housing Revenue (Euclid Avenue Development Corp. Project) 5.000%   8/1/31       3,175      3,177
  Cleveland-Cuyahoga County Port Authority Local or Guaranteed Housing Revenue (Euclid Avenue Development Corp. Project) 5.000%   8/1/32       3,340      3,342
  Cleveland-Cuyahoga County Port Authority Local or Guaranteed Housing Revenue (Euclid Avenue Development Corp. Project) 5.000%   8/1/34       1,870      2,013
  Cleveland-Cuyahoga County Port Authority Local or Guaranteed Housing Revenue (Euclid Avenue Development Corp. Project) 5.000%   8/1/35       1,915      2,054
  Cleveland-Cuyahoga County Port Authority Local or Guaranteed Housing Revenue (Euclid Avenue Development Corp. Project) 5.000%   8/1/36       2,065      2,208
  Cleveland-Cuyahoga County Port Authority Local or Guaranteed Housing Revenue (Euclid Avenue Development Corp. Project) 5.000%   8/1/37       1,170      1,245
  Cleveland-Cuyahoga County Port Authority Local or Guaranteed Housing Revenue (Euclid Avenue Development Corp. Project) 5.000%   8/1/39       2,400      2,528
  Cleveland-Cuyahoga County Port Authority Local or Guaranteed Housing Revenue (Euclid Avenue Development Corp. Project) 5.250%   8/1/40       2,525      2,689
  Cleveland-Cuyahoga County Port Authority Local or Guaranteed Housing Revenue (Euclid Avenue Development Corp. Project) 5.250%   8/1/41       2,660      2,819
  Cleveland-Cuyahoga County Port Authority Local or Guaranteed Housing Revenue (Euclid Avenue Development Corp. Project) 5.250%   8/1/42       2,805      2,962
  Cleveland-Cuyahoga County Port Authority Recreational Revenue (The Cleveland Museum of Natural Heritage Project) 5.000%   7/1/30         200        217
  Cleveland-Cuyahoga County Port Authority Recreational Revenue (The Cleveland Museum of Natural Heritage Project) 5.000%   7/1/31         200        219
  Cleveland-Cuyahoga County Port Authority Recreational Revenue (The Cleveland Museum of Natural Heritage Project) 5.000%   7/1/34         300        328
  Cleveland-Cuyahoga County Port Authority Recreational Revenue (The Cleveland Museum of Natural Heritage Project) 4.000%   7/1/39         400        400
  Cleveland-Cuyahoga County Port Authority Recreational Revenue (The Cleveland Museum of Natural Heritage Project) 4.000%   7/1/41         400        392
3 Columbus City School District GO 0.000%  12/1/27      13,520     12,397
3 Columbus City School District GO 0.000%  12/1/29      11,170      9,559
  Columbus City School District GO 5.000%  12/1/30       5,110      5,251
3 Columbus City School District GO, ETM 0.000%  12/1/27         540        494
  Columbus Metropolitan Housing Authority Local or Guaranteed Housing Revenue 2.250%   8/1/36       4,000      3,178
  Columbus Metropolitan Housing Authority Local or Guaranteed Housing Revenue 4.000%   8/1/36       1,575      1,558
  Columbus Metropolitan Housing Authority Local or Guaranteed Housing Revenue (Orchards Project & The Eden Park Project) 4.000%  12/1/34       8,605      8,546
  Columbus Metropolitan Housing Authority Local or Guaranteed Housing Revenue (Waldren Woods Project) 4.000%   6/1/34       2,025      2,012
  Columbus OH GO 4.000%   4/1/26      16,170     16,413
  Columbus OH GO 5.000%   4/1/29      11,010     11,612
  Columbus OH GO 5.000%   4/1/31       3,675      4,121
  Columbus OH GO 5.000%   4/1/39       7,950      8,423
  Columbus OH GO 5.000%   4/1/40       5,050      5,327
  Columbus OH Sewerage Sewer Revenue 5.000%   6/1/30      10,310     10,577
  Columbus OH Sewerage Sewer Revenue 5.000%   6/1/32       3,420      3,508
6 Columbus Regional Airport Authority Port, Airport & Marina Revenue 5.000%   1/1/41       1,100      1,207
6 Columbus Regional Airport Authority Port, Airport & Marina Revenue 5.000%   1/1/42         750        816
6 Columbus Regional Airport Authority Port, Airport & Marina Revenue 5.000%   1/1/43         750        809
6 Columbus Regional Airport Authority Port, Airport & Marina Revenue 5.000%   1/1/44       2,200      2,361
  Columbus State Community College GO 3.000%  12/1/36       1,110      1,013
  Columbus State Community College GO 3.000%  12/1/37       1,750      1,589
  Columbus State Community College GO 3.000%  12/1/38       1,375      1,237
  Columbus-Franklin County Finance Authority Local or Guaranteed Housing Revenue PUT 5.000%  12/1/27       1,085      1,135
  Copley-Fairlawn City School District GO 5.000%  12/1/40         550        569
  Copley-Fairlawn City School District GO 5.000%  12/1/41         820        846
  Copley-Fairlawn City School District GO 5.000%  12/1/42       1,000      1,030
  Cuyahoga Community College District GO 4.000%  12/1/31       2,000      2,021
  Cuyahoga Community College District GO 4.000%  12/1/33       1,325      1,335
  Cuyahoga County OH GO 3.000%  12/1/33       2,460      2,322
  Cuyahoga County OH GO 3.000%  12/1/34       3,310      3,114
  Cuyahoga County OH Health, Hospital, Nursing Home Revenue 5.000%  2/15/26       3,000      3,040
  Cuyahoga County OH Health, Hospital, Nursing Home Revenue 5.000%  2/15/27       2,845      2,923
  Cuyahoga County OH Health, Hospital, Nursing Home Revenue 4.000%  2/15/29       1,000      1,002
  Cuyahoga County OH Health, Hospital, Nursing Home Revenue 5.000%  2/15/30       7,145      7,323
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Cuyahoga County OH Health, Hospital, Nursing Home Revenue 5.000%  2/15/32       5,385      5,510
  Cuyahoga County OH Health, Hospital, Nursing Home Revenue 5.000%  2/15/37      16,500     16,798
  Franklin County Convention Facilities Authority Hotel Project Industrial Revenue (Greater Columbus Convention Center Hotel Expansion Project) 5.000%  12/1/25         440        442
  Franklin County Convention Facilities Authority Hotel Project Industrial Revenue (Greater Columbus Convention Center Hotel Expansion Project) 5.000%  12/1/27         625        635
  Franklin County Convention Facilities Authority Hotel Project Industrial Revenue (Greater Columbus Convention Center Hotel Expansion Project) 5.000%  12/1/28         835        851
  Franklin County Convention Facilities Authority Hotel Project Industrial Revenue (Greater Columbus Convention Center Hotel Expansion Project) 5.000%  12/1/31       1,505      1,530
  Franklin County Convention Facilities Authority Hotel Project Industrial Revenue (Greater Columbus Convention Center Hotel Expansion Project) 5.000%  12/1/32         665        674
  Franklin County Convention Facilities Authority Hotel Project Industrial Revenue (Greater Columbus Convention Center Hotel Expansion Project) 5.000%  12/1/34       1,000      1,010
  Franklin County Convention Facilities Authority Hotel Project Industrial Revenue (Greater Columbus Convention Center Hotel Expansion Project) 5.000%  12/1/36       1,360      1,368
  Franklin County Convention Facilities Authority Hotel Project Industrial Revenue (Greater Columbus Convention Center Hotel Expansion Project) 5.000%  12/1/37         640        641
  Franklin County Convention Facilities Authority Hotel Project Industrial Revenue (Greater Columbus Convention Center Hotel Expansion Project) 5.000%  12/1/38       1,635      1,629
  Franklin County Convention Facilities Authority Lease (Appropriation) Revenue 5.000%  12/1/31       4,980      5,549
  Franklin County Convention Facilities Authority Lease (Appropriation) Revenue 5.000%  12/1/32       5,325      5,990
  Franklin County Convention Facilities Authority Lease (Appropriation) Revenue 5.000%  12/1/33       5,680      6,445
  Franklin County Convention Facilities Authority Lease (Appropriation) Revenue 5.000%  12/1/40       5,800      6,375
  Franklin County Convention Facilities Authority Lease (Appropriation) Revenue 5.000%  12/1/41       5,900      6,445
  Franklin County OH Health, Hospital, Nursing Home Revenue 5.000%  11/1/29       1,135      1,192
  Franklin County OH Health, Hospital, Nursing Home Revenue 5.000% 11/15/29       1,120      1,139
  Franklin County OH Health, Hospital, Nursing Home Revenue 5.000%  11/1/30       2,645      2,773
  Franklin County OH Health, Hospital, Nursing Home Revenue 5.000% 11/15/30       1,075      1,094
  Franklin County OH Health, Hospital, Nursing Home Revenue 5.000%  11/1/32       1,775      1,852
  Franklin County OH Health, Hospital, Nursing Home Revenue 5.000%  12/1/32       1,160      1,243
  Franklin County OH Health, Hospital, Nursing Home Revenue 5.000%  12/1/33       1,535      1,640
  Franklin County OH Health, Hospital, Nursing Home Revenue 4.000%   7/1/34         475        456
  Franklin County OH Health, Hospital, Nursing Home Revenue 5.000%  12/1/34       1,000      1,066
  Franklin County OH Health, Hospital, Nursing Home Revenue 5.000%  12/1/35       1,000      1,062
  Franklin County OH Health, Hospital, Nursing Home Revenue 5.000%  12/1/36       1,500      1,589
  Franklin County OH Health, Hospital, Nursing Home Revenue 4.000%  12/1/38       1,435      1,425
  Franklin County OH Sales Tax Revenue 5.000%   6/1/26       1,235      1,271
  Franklin County OH Sales Tax Revenue 5.000%   6/1/43       4,965      5,149
14 Freddie Mac Pool 3.400%   3/1/38       9,936      9,221
14 Freddie Mac Pool 3.700%   9/1/38       6,689      6,173
14 Freddie Mac Pool 3.350%  10/1/38      14,759     13,617
14 Freddie Mac Pool 3.450%   7/1/40       9,903      8,933
14 Freddie Mac Pool 3.900%   7/1/40       5,762      5,468
14 Freddie Mac Pool 3.400%  11/1/40       4,030      3,581
  Hamilton County OH Health, Hospital, Nursing Home Revenue 5.000%  8/15/27       5,000      5,229
  Hamilton County OH Health, Hospital, Nursing Home Revenue 5.000%  9/15/30         920        961
  Hamilton County OH Health, Hospital, Nursing Home Revenue 5.000%  9/15/31         870        907
  Hamilton County OH Health, Hospital, Nursing Home Revenue 5.000%  9/15/32         945        983
  Hamilton County OH Health, Hospital, Nursing Home Revenue 5.000%  8/15/33       8,115      8,396
  Hamilton County OH Health, Hospital, Nursing Home Revenue 5.000%  9/15/33         945        980
  Hamilton County OH Health, Hospital, Nursing Home Revenue 5.000%   6/1/34       4,080      4,398
  Hamilton County OH Health, Hospital, Nursing Home Revenue 5.000%  8/15/34      11,540     11,916
  Hamilton County OH Health, Hospital, Nursing Home Revenue 5.000%  8/15/34       1,000      1,077
  Hamilton County OH Health, Hospital, Nursing Home Revenue 5.000%  9/15/34       1,050      1,087
  Hamilton County OH Health, Hospital, Nursing Home Revenue 5.000%  8/15/35      13,965     14,386
  Hamilton County OH Health, Hospital, Nursing Home Revenue 5.000%  9/15/35       1,100      1,136
  Hamilton County OH Health, Hospital, Nursing Home Revenue 5.000%  8/15/36      12,955     13,314
  Hamilton County OH Health, Hospital, Nursing Home Revenue 5.000%  9/15/36       2,345      2,415
  Hamilton County OH Health, Hospital, Nursing Home Revenue 5.000%  9/15/37       1,495      1,535
  Hamilton County OH Health, Hospital, Nursing Home Revenue 5.000%   6/1/38       2,000      2,132
  Hamilton County OH Health, Hospital, Nursing Home Revenue 5.000%  9/15/38       2,620      2,680
  Hamilton County OH Health, Hospital, Nursing Home Revenue 5.000%  9/15/39       1,375      1,401
  Hamilton County OH Health, Hospital, Nursing Home Revenue 5.000%  9/15/40       1,100      1,117
  Hamilton County OH Health, Hospital, Nursing Home Revenue 5.000%   6/1/42       2,500      2,595
  Hamilton County OH Health, Hospital, Nursing Home Revenue (Cincinnati Children's Hospital Project) 5.000% 11/15/41      12,000     13,658
  Hamilton County OH Health, Hospital, Nursing Home Revenue (Life Enriching Communities Project) 5.000%   1/1/26         700        705
  Hamilton County OH Health, Hospital, Nursing Home Revenue (Life Enriching Communities Project) 4.000%   1/1/27         520        518
  Hamilton County OH Health, Hospital, Nursing Home Revenue (Life Enriching Communities Project) 5.000%   1/1/31       1,800      1,806
  Hamilton County OH Health, Hospital, Nursing Home Revenue (Life Enriching Communities Project) 5.000%   1/1/32       1,635      1,656
  Hamilton County OH Health, Hospital, Nursing Home Revenue (Life Enriching Communities Project) 5.000%   1/1/36       1,325      1,327
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Hamilton County OH Sewer System Sewer Revenue 5.000%  12/1/27       1,500      1,591
  Hamilton County OH Sewer System Sewer Revenue 5.000%  12/1/29       1,920      2,105
  Hamilton County OH Sewer System Sewer Revenue 5.000%  12/1/32         500        570
1 Hillsdale Local School District (Ohio School Facilities Project) COP 4.000%  12/1/31       3,310      3,422
1 Hillsdale Local School District (Ohio School Facilities Project) COP 4.000%  12/1/33       3,040      3,116
1 Hillsdale Local School District (Ohio School Facilities Project) COP 4.000%  12/1/35       1,175      1,196
  Kings Local School District GO 5.000%  12/1/41       2,085      2,246
  Kings Local School District GO 5.000%  12/1/42       2,215      2,375
  Kings Local School District GO 5.000%  12/1/43       2,340      2,491
  Kings Local School District GO 5.000%  12/1/44       1,000      1,060
  Lake County OH GO 5.000%  12/1/36       1,100      1,174
  Lake County OH GO 5.000%  12/1/37         645        686
  Lake County OH GO 5.000%  12/1/38       1,065      1,128
  Lake County OH GO 5.000%  12/1/39         750        792
  Lake County OH GO 5.000%  12/1/40       1,000      1,055
  Lake County OH GO 5.000%  12/1/41       1,000      1,051
  Lake County OH GO 5.000%  12/1/42       1,185      1,242
  Lake County OH Health, Hospital, Nursing Home Revenue, ETM 5.000%  8/15/25       2,675      2,702
  Lake County OH Health, Hospital, Nursing Home Revenue, Prere. 5.000%  8/15/25       1,170      1,182
  Lake County OH Health, Hospital, Nursing Home Revenue, Prere. 5.000%  8/15/25       2,255      2,278
  Lake County OH Health, Hospital, Nursing Home Revenue, Prere. 5.000%  8/15/25       1,745      1,763
  Miami County OH Health, Hospital, Nursing Home Revenue 5.000%   8/1/29         790        834
  Miami County OH Health, Hospital, Nursing Home Revenue 5.000%   8/1/30       1,170      1,234
  Miami County OH Health, Hospital, Nursing Home Revenue 5.000%   8/1/34       1,500      1,565
  Miami County OH Health, Hospital, Nursing Home Revenue 5.000%   8/1/35       1,500      1,560
  Miami County OH Health, Hospital, Nursing Home Revenue 5.000%   8/1/36       1,320      1,368
  Miami County OH Health, Hospital, Nursing Home Revenue 5.000%   8/1/37       3,500      3,614
  Miami County OH Health, Hospital, Nursing Home Revenue 5.000%   8/1/38       2,905      2,989
  Miami County OH Health, Hospital, Nursing Home Revenue 5.000%   8/1/39       1,750      1,795
  Miami University OH College & University Revenue 4.000%   9/1/38       1,080      1,094
  Miami Valley Career Technology Center GO 5.000%  12/1/32       1,030      1,087
  Middleburg Heights OH Health, Hospital, Nursing Home Revenue 5.000%   8/1/30         330        351
  Middleburg Heights OH Health, Hospital, Nursing Home Revenue 4.000%   8/1/41       1,100      1,022
  Montgomery County OH Health, Hospital, Nursing Home Revenue 5.000% 11/15/28       5,500      5,763
  Montgomery County OH Health, Hospital, Nursing Home Revenue 5.000% 11/15/29      10,175     10,722
  Montgomery County OH Health, Hospital, Nursing Home Revenue 5.000% 11/15/30      10,680     11,244
  Montgomery County OH Health, Hospital, Nursing Home Revenue 5.000% 11/15/31       8,500      8,929
  Montgomery County OH Health, Hospital, Nursing Home Revenue 5.000% 11/15/32      11,600     12,157
  Montgomery County OH Health, Hospital, Nursing Home Revenue 5.000%   8/1/33         745        807
  Montgomery County OH Health, Hospital, Nursing Home Revenue 5.000% 11/15/33       6,290      6,578
  Montgomery County OH Health, Hospital, Nursing Home Revenue 5.000% 11/15/34       5,000      5,218
  Montgomery County OH Health, Hospital, Nursing Home Revenue 5.000%   8/1/35         750        806
  Montgomery County OH Health, Hospital, Nursing Home Revenue 5.000% 11/15/35      12,295     12,800
  Montgomery County OH Health, Hospital, Nursing Home Revenue 5.000%   8/1/36         435        465
  Montgomery County OH Health, Hospital, Nursing Home Revenue 3.000% 11/15/36       5,285      4,434
  Montgomery County OH Health, Hospital, Nursing Home Revenue 4.000%   8/1/37         775        777
  Montgomery County OH Health, Hospital, Nursing Home Revenue 5.000% 11/15/37      15,300     15,838
  Montgomery County OH Health, Hospital, Nursing Home Revenue 5.000%   8/1/38         450        477
  Montgomery County OH Health, Hospital, Nursing Home Revenue 4.000% 11/15/38      16,600     15,887
  Montgomery County OH Health, Hospital, Nursing Home Revenue 5.000%   8/1/39         480        507
  Montgomery County OH Health, Hospital, Nursing Home Revenue 4.000% 11/15/39       6,470      6,129
  Montgomery County OH Health, Hospital, Nursing Home Revenue 3.000%   8/1/40       6,590      5,423
  Montgomery County OH Health, Hospital, Nursing Home Revenue 3.000% 11/15/40         500        375
  Montgomery County OH Health, Hospital, Nursing Home Revenue 4.000% 11/15/42      13,220     12,184
  Montgomery County OH Health, Hospital, Nursing Home Revenue 4.000% 11/15/45       1,000        886
  Montgomery County OH Health, Hospital, Nursing Home Revenue (Solvita Project) 5.000%   9/1/29         470        501
  Montgomery County OH Health, Hospital, Nursing Home Revenue (Solvita Project) 5.000%   9/1/30         375        404
  Montgomery County OH Health, Hospital, Nursing Home Revenue (Solvita Project) 5.000%   9/1/31         405        439
  Montgomery County OH Health, Hospital, Nursing Home Revenue (Solvita Project) 5.000%   9/1/32         595        649
  Montgomery County OH Health, Hospital, Nursing Home Revenue (Solvita Project) 5.000%   9/1/33         680        743
  Montgomery County OH Health, Hospital, Nursing Home Revenue (Solvita Project) 5.000%   9/1/34       1,000      1,097
  Montgomery County OH Health, Hospital, Nursing Home Revenue (Solvita Project) 5.000%   9/1/35         650        710
  Montgomery County OH Health, Hospital, Nursing Home Revenue (Solvita Project) 5.000%   9/1/36         650        707
  Montgomery County OH Health, Hospital, Nursing Home Revenue (Solvita Project) 5.000%   9/1/37         510        552
  Montgomery County OH Health, Hospital, Nursing Home Revenue (Solvita Project) 5.000%   9/1/38         575        619
  Montgomery County OH Health, Hospital, Nursing Home Revenue (Solvita Project) 5.250%   9/1/40         500        542
  Montgomery County OH Health, Hospital, Nursing Home Revenue (Solvita Project) 5.250%   9/1/41         500        539
  Montgomery County OH Health, Hospital, Nursing Home Revenue (Solvita Project) 5.250%   9/1/42         500        537
  Montgomery County OH Health, Hospital, Nursing Home Revenue (Solvita Project) 5.250%   9/1/43         500        534
  Montgomery County OH Health, Hospital, Nursing Home Revenue (Solvita Project) 5.250%   9/1/44         500        532
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  North Ridgeville City School District GO 5.000%  12/1/41       1,825      1,901
  North Ridgeville City School District GO 5.000%  12/1/42       2,285      2,377
  North Ridgeville City School District GO 5.000%  12/1/43       1,340      1,392
  North Ridgeville City School District GO 5.000%  12/1/44       1,070      1,111
  Northeast Ohio Regional Sewer District Sewer Revenue 5.000% 11/15/32       5,000      5,715
  Northeast Ohio Regional Sewer District Sewer Revenue 5.000% 11/15/33       2,500      2,877
  Northeast Ohio Regional Sewer District Sewer Revenue 5.000% 11/15/34       3,000      3,477
  Northeast Ohio Regional Sewer District Sewer Revenue 3.000% 11/15/35       3,000      2,783
  Northeast Ohio Regional Sewer District Sewer Revenue 5.000% 11/15/35       2,330      2,682
  Ohio Air Quality Development Authority Electric Power & Light Revenue (Duke Energy Corp. Project) PUT 4.000%   6/1/27      13,020     13,145
  Ohio Air Quality Development Authority Electric Power & Light Revenue (Ohio Valley Electric Corp. Program) 3.250%   9/1/29         305        298
  Ohio Air Quality Development Authority Electric Power & Light Revenue (The Dayton Power & Light Co. Project) PUT 4.000%   6/1/27       9,725      9,819
  Ohio GO 5.000%   8/1/26      25,360     26,222
  Ohio GO 5.000%   9/1/26      10,000     10,364
  Ohio GO 5.000%   2/1/27      11,595     11,846
  Ohio GO 5.000%   5/1/27       5,045      5,179
  Ohio GO 5.000%  9/15/27       2,410      2,549
  Ohio GO 5.000%   3/1/31       7,840      8,161
  Ohio GO 5.000%   5/1/31       1,335      1,341
  Ohio GO 5.000%   3/1/32       8,230      8,557
  Ohio GO 5.000%   3/1/33       8,645      8,981
  Ohio GO 5.000%   5/1/33       3,000      3,174
  Ohio GO 5.000%  6/15/33      16,465     16,798
  Ohio GO 5.000%   3/1/34       9,075      9,419
  Ohio GO 5.000%   5/1/34       3,250      3,434
  Ohio GO 5.000%   3/1/35       8,530      8,842
  Ohio GO 5.000%   5/1/35       9,525      9,902
  Ohio GO 5.000%  6/15/35      19,795     20,169
  Ohio GO 5.000%   3/1/36      10,005     10,361
  Ohio GO 5.000%  6/15/36      18,000     18,330
  Ohio GO 5.000%   3/1/37      10,505     10,871
  Ohio GO 5.000%   5/1/37      10,000     10,371
  Ohio GO 5.000%   3/1/38       9,030      9,335
  Ohio GO 3.000%  6/15/39       2,500      2,230
  Ohio GO 5.000%  6/15/39       3,000      3,176
  Ohio Government Fund/Grant Revenue 5.000% 12/15/26      22,350     23,272
  Ohio Government Fund/Grant Revenue 5.000% 12/15/27       9,150      9,716
  Ohio Government Fund/Grant Revenue 5.000% 12/15/28      23,250     23,885
  Ohio Government Fund/Grant Revenue 5.000% 12/15/28       1,015      1,043
  Ohio Government Fund/Grant Revenue 5.000% 12/15/29      15,825     16,253
  Ohio Health, Hospital, Nursing Home Revenue 5.000% 11/15/28         365        380
  Ohio Health, Hospital, Nursing Home Revenue 5.000% 11/15/29         455        478
  Ohio Health, Hospital, Nursing Home Revenue 5.000%   1/1/30       2,200      2,325
  Ohio Health, Hospital, Nursing Home Revenue 5.000% 11/15/30         565        599
  Ohio Health, Hospital, Nursing Home Revenue 5.000%   1/1/31       1,500      1,582
  Ohio Health, Hospital, Nursing Home Revenue 5.000% 11/15/31         930        983
  Ohio Health, Hospital, Nursing Home Revenue 5.000%   1/1/32      11,350     12,693
  Ohio Health, Hospital, Nursing Home Revenue 5.000% 11/15/32       3,135      3,304
  Ohio Health, Hospital, Nursing Home Revenue 5.000% 11/15/33       2,550      2,687
  Ohio Health, Hospital, Nursing Home Revenue 4.000%   1/1/34       7,825      7,924
  Ohio Health, Hospital, Nursing Home Revenue 5.000%  1/15/34       1,195      1,262
  Ohio Health, Hospital, Nursing Home Revenue 5.000% 11/15/34       4,175      4,377
  Ohio Health, Hospital, Nursing Home Revenue 5.000%   1/1/35      16,090     18,449
  Ohio Health, Hospital, Nursing Home Revenue 5.000%  1/15/35       1,205      1,269
  Ohio Health, Hospital, Nursing Home Revenue 5.000% 11/15/35       1,230      1,284
  Ohio Health, Hospital, Nursing Home Revenue 4.000%   1/1/36       3,165      3,193
  Ohio Health, Hospital, Nursing Home Revenue 5.000%  1/15/36       1,950      2,048
  Ohio Health, Hospital, Nursing Home Revenue 5.000%  1/15/36       1,245      1,322
  Ohio Health, Hospital, Nursing Home Revenue 4.000% 11/15/36       1,890      1,838
  Ohio Health, Hospital, Nursing Home Revenue 4.000%  1/15/37       1,100      1,099
  Ohio Health, Hospital, Nursing Home Revenue 4.000% 11/15/37       1,680      1,618
  Ohio Health, Hospital, Nursing Home Revenue 4.000%  1/15/38       1,200      1,192
  Ohio Health, Hospital, Nursing Home Revenue 4.000%   1/1/40       3,460      3,420
  Ohio Health, Hospital, Nursing Home Revenue 4.000%  1/15/40       2,000      1,969
  Ohio Health, Hospital, Nursing Home Revenue 4.000%  1/15/41       1,000        982
  Ohio Health, Hospital, Nursing Home Revenue 3.000%  1/15/45       5,000      3,919
  Ohio Health, Hospital, Nursing Home Revenue PUT 2.750%   5/1/28      10,500     10,285
  Ohio Health, Hospital, Nursing Home Revenue VRDO 1.550%   2/3/25      44,305     44,305
  Ohio Higher Educational Facility Commission Auto Parking Revenue 5.000%  1/15/34       1,200      1,260
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Ohio Higher Educational Facility Commission Auto Parking Revenue 5.000%  1/15/39       2,455      2,549
  Ohio Higher Educational Facility Commission College & University Revenue (College of Wooster Project) 5.000%   9/1/34       1,505      1,571
  Ohio Higher Educational Facility Commission College & University Revenue (College of Wooster Project) 5.000%   9/1/37       1,730      1,790
  Ohio Higher Educational Facility Commission College & University Revenue (College of Wooster Project) 5.000%   9/1/45       3,250      3,303
  Ohio Higher Educational Facility Commission College & University Revenue (John Carroll University 2020 Project) 5.000%  10/1/35       4,960      5,125
  Ohio Higher Educational Facility Commission College & University Revenue (John Carroll University 2020 Project) 5.000%  10/1/40       5,375      5,481
  Ohio Higher Educational Facility Commission College & University Revenue (John Carroll University 2020 Project) 4.000%  10/1/45       2,400      2,091
  Ohio Higher Educational Facility Commission College & University Revenue (Otterbein University 2022 Project) 4.000%  12/1/38       1,055        993
  Ohio Higher Educational Facility Commission College & University Revenue (Otterbein University 2022 Project) 4.000%  12/1/39       1,105      1,028
  Ohio Higher Educational Facility Commission College & University Revenue (Otterbein University 2022 Project) 4.000%  12/1/40       1,225      1,126
  Ohio Higher Educational Facility Commission College & University Revenue (Otterbein University 2022 Project) 4.000%  12/1/41       1,275      1,157
  Ohio Higher Educational Facility Commission College & University Revenue (University of Dayton 2020 Project) 3.000%   2/1/37       2,500      2,178
  Ohio Higher Educational Facility Commission College & University Revenue (Xavier University 2024 Project) 5.000%   5/1/27         140        145
  Ohio Higher Educational Facility Commission College & University Revenue (Xavier University 2024 Project) 5.000%   5/1/28         180        189
  Ohio Higher Educational Facility Commission College & University Revenue (Xavier University 2024 Project) 5.000%   5/1/29         170        181
  Ohio Higher Educational Facility Commission College & University Revenue (Xavier University 2024 Project) 5.000%   5/1/30         270        291
  Ohio Higher Educational Facility Commission College & University Revenue (Xavier University 2024 Project) 5.000%   5/1/31         280        304
  Ohio Higher Educational Facility Commission College & University Revenue (Xavier University 2024 Project) 5.000%   5/1/33         950      1,043
  Ohio Higher Educational Facility Commission College & University Revenue (Xavier University 2024 Project) 5.000%   5/1/35       2,260      2,464
  Ohio Higher Educational Facility Commission College & University Revenue (Xavier University 2024 Project) 5.000%   5/1/37       1,000      1,082
  Ohio Higher Educational Facility Commission College & University Revenue (Xavier University 2024 Project) 5.000%   5/1/38       2,030      2,184
  Ohio Higher Educational Facility Commission College & University Revenue (Xavier University 2024 Project) 5.000%   5/1/39       1,755      1,870
  Ohio Higher Educational Facility Commission College & University Revenue (Xavier University 2024 Project) 5.000%   5/1/41         695        733
6 Ohio Higher Educational Facility Commission College & University Revenue (Xavier University 2024 Project) 5.000%   5/1/44       1,800      1,868
  Ohio Higher Educational Facility Commission Health, Hospital, Nursing Home Revenue 3.000%   7/1/41       1,475      1,226
  Ohio Higher Educational Facility Commission Health, Hospital, Nursing Home Revenue 4.000%   7/1/41       1,460      1,391
  Ohio Housing Finance Agency Local or Guaranteed Housing Revenue 3.910%  11/1/36       2,896      2,770
  Ohio Housing Finance Agency Local or Guaranteed Housing Revenue 3.000%   3/1/52       2,610      2,560
  Ohio Housing Finance Agency Local or Guaranteed Housing Revenue 5.500%   3/1/53      12,510     13,161
  Ohio Housing Finance Agency Local or Guaranteed Housing Revenue 6.250%   3/1/55       4,000      4,370
  Ohio Housing Finance Agency Local or Guaranteed Housing Revenue (First-Time Homebuyer Program) 3.750%   9/1/50       1,475      1,475
  Ohio Housing Finance Agency Local or Guaranteed Housing Revenue (Mortgage-Backed Securities Program) 3.250%   9/1/52       5,930      5,842
  Ohio Lease (Appropriation) Revenue 5.000%  10/1/26       2,570      2,665
  Ohio Lease (Appropriation) Revenue 5.000%  10/1/27       2,540      2,683
  Ohio Lease (Appropriation) Revenue 5.000%   2/1/28       3,310      3,310
  Ohio Lease (Appropriation) Revenue 5.000%  10/1/28       1,025      1,081
  Ohio Lease (Appropriation) Revenue 5.000%   2/1/29       3,475      3,475
  Ohio Lease (Appropriation) Revenue 5.000%  10/1/29       1,190      1,255
  Ohio Lease (Appropriation) Revenue 5.000%  10/1/35       1,450      1,517
  Ohio Lease (Appropriation) Revenue (Improvement Funding Projects) 5.000%  12/1/36       6,980      7,351
  Ohio Lease (Appropriation) Revenue (Improvement Funding Projects) 5.000%  12/1/37       5,000      5,249
  Ohio Major New State Infrastructure Project Revenue 5.000% 12/15/32       4,000      4,546
  Ohio Major New State Infrastructure Project Revenue 5.000% 12/15/33       4,000      4,590
  Ohio Special Obligation Revenue 5.000%  10/1/37       5,080      5,325
  Ohio Special Obligation Revenue (Administrative Building Fund Project) 5.000%   4/1/38       1,015      1,098
  Ohio Special Obligation Revenue, Prere. 5.000%   4/1/27       3,020      3,162
  Ohio Turnpike & Infrastructure Commission Highway Revenue 5.000%  2/15/32       4,000      4,212
  Ohio Turnpike & Infrastructure Commission Highway Revenue 4.000%  2/15/33      13,980     14,254
  Ohio Turnpike & Infrastructure Commission Highway Revenue 5.000%  2/15/35      10,000     10,461
  Ohio Turnpike & Infrastructure Commission Highway Revenue 0.000%  2/15/36       4,450      2,950
  Ohio Turnpike & Infrastructure Commission Highway Revenue 5.000%  2/15/36      17,060     17,818
  Ohio Turnpike & Infrastructure Commission Highway Revenue 0.000%  2/15/37       3,540      2,238
  Ohio Turnpike & Infrastructure Commission Highway Revenue 5.000%  2/15/37       7,385      7,699
  Ohio Turnpike & Infrastructure Commission Highway Revenue 0.000%  2/15/40      16,390      8,747
  Ohio Turnpike & Infrastructure Commission Highway Revenue 0.000%  2/15/43       4,230      1,923
  Ohio Turnpike & Infrastructure Commission Highway Revenue (Infrastructure Projects) 5.000%  2/15/43      17,500     18,004
  Ohio Water Development Authority Lease Revenue 5.000%  12/1/37       9,390     10,064
  Ohio Water Development Authority Lease Revenue 5.000%  12/1/38       5,485      5,863
  Ohio Water Development Authority Water Pollution Control Loan Fund Lease Revenue 5.000%  12/1/36      13,955     15,011
  Ohio Water Development Authority Water Pollution Control Loan Fund Lease Revenue 5.000%  12/1/37      17,770     19,045
  Ohio Water Development Authority Water Pollution Control Loan Fund Water Revenue 5.000%  12/1/26      10,525     10,968
  Ohio Water Development Authority Water Pollution Control Loan Fund Water Revenue 5.000%   6/1/27      10,010     10,524
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Ohio Water Development Authority Water Pollution Control Loan Fund Water Revenue 5.000%   6/1/27      13,125     13,799
  Ohio Water Development Authority Water Pollution Control Loan Fund Water Revenue 5.000%  12/1/27       6,000      6,303
  Ohio Water Development Authority Water Pollution Control Loan Fund Water Revenue 5.000%  12/1/27      14,480     15,372
  Ohio Water Development Authority Water Pollution Control Loan Fund Water Revenue 5.000%   6/1/28      13,000     13,638
  Ohio Water Development Authority Water Pollution Control Loan Fund Water Revenue 5.000%   6/1/28       4,480      4,800
  Ohio Water Development Authority Water Pollution Control Loan Fund Water Revenue 5.000%  12/1/28      24,680     25,880
  Ohio Water Development Authority Water Pollution Control Loan Fund Water Revenue 5.000%  12/1/28       8,360      9,036
  Ohio Water Development Authority Water Pollution Control Loan Fund Water Revenue 5.000%  12/1/33      20,000     22,949
  Ohio Water Development Authority Water Pollution Control Loan Fund Water Revenue 4.000%  12/1/38       4,000      4,083
  Ohio Water Development Authority Water Revenue 5.000%  12/1/40       1,500      1,659
  Ohio Water Development Authority Water Revenue 5.000%  12/1/41       1,500      1,646
  Ohio Water Development Authority Water Revenue 5.000%  12/1/42       1,625      1,770
  Ohio Water Development Authority Water Revenue 5.000%  12/1/42       7,900      8,717
  Ohio Water Development Authority Water Revenue 5.000%  12/1/43       7,000      7,689
  Ohio Water Development Authority Water Revenue 5.000%  12/1/44       6,875      7,489
  Ohio Water Development Authority Water Revenue 5.000%  12/1/44       6,330      6,945
  Ohio Water Development Authority Water Revenue 5.000%  12/1/45       2,165      2,350
  Port of Greater Cincinnati Development Authority Intergovernmental Agreement Revenue (Duke Energy Convention Center Project) 5.000%  12/1/39       1,000      1,099
  Port of Greater Cincinnati Development Authority Intergovernmental Agreement Revenue (Duke Energy Convention Center Project) 5.000%  12/1/40       1,500      1,647
  Port of Greater Cincinnati Development Authority Intergovernmental Agreement Revenue (Duke Energy Convention Center Project) 5.000%  12/1/40       1,000      1,091
  Port of Greater Cincinnati Development Authority Intergovernmental Agreement Revenue (Duke Energy Convention Center Project) 5.000%  12/1/41       1,470      1,599
  Port of Greater Cincinnati Development Authority Intergovernmental Agreement Revenue (Duke Energy Convention Center Project) 5.000%  12/1/41       1,000      1,086
  Port of Greater Cincinnati Development Authority Intergovernmental Agreement Revenue (Duke Energy Convention Center Project) 5.000%  12/1/42       2,590      2,805
  Port of Greater Cincinnati Development Authority Intergovernmental Agreement Revenue (Duke Energy Convention Center Project) 5.000%  12/1/42       1,500      1,620
  Port of Greater Cincinnati Development Authority Intergovernmental Agreement Revenue (Duke Energy Convention Center Project) 5.000%  12/1/43       2,720      2,921
  Port of Greater Cincinnati Development Authority Intergovernmental Agreement Revenue (Duke Energy Convention Center Project) 5.000%  12/1/43       1,550      1,664
  Port of Greater Cincinnati Development Authority Intergovernmental Agreement Revenue (Duke Energy Convention Center Project) 5.000%  12/1/44       2,360      2,525
  Port of Greater Cincinnati Development Authority Intergovernmental Agreement Revenue (Duke Energy Convention Center Project) 5.000%  12/1/44       1,375      1,467
  Princeton City School District GO 0.000%  12/1/41       1,065        498
  Ross County OH Health, Hospital, Nursing Home Revenue 5.000%  12/1/39       4,000      4,156
  Summit County Development Finance Authority Auto Parking Revenue (University of Akron Parking Project) 5.500%  12/1/43       3,300      3,547
  Toledo OH GO 4.000%  12/1/35       1,200      1,227
1 University of Akron College & University Revenue 5.000%   1/1/30       1,085      1,170
  University of Akron College & University Revenue 5.000%   1/1/31       2,175      2,177
  University of Cincinnati College & University Revenue 5.000%   6/1/31         685        744
  University of Cincinnati College & University Revenue 5.000%   6/1/32         560        629
  University of Cincinnati College & University Revenue 5.000%   6/1/33       1,000      1,132
  University of Cincinnati College & University Revenue 4.000%   6/1/34       2,215      2,266
  University of Cincinnati College & University Revenue 4.000%   6/1/35       1,250      1,276
  University of Cincinnati College & University Revenue 4.000%   6/1/37       1,680      1,705
  University of Cincinnati College & University Revenue 5.000%   6/1/40       1,125      1,233
  University of Cincinnati College & University Revenue 5.000%   6/1/41       1,900      2,068
  University of Cincinnati College & University Revenue 5.000%   6/1/41       2,225      2,422
  University of Cincinnati College & University Revenue 5.000%   6/1/42      11,780     12,750
  University of Cincinnati College & University Revenue 5.000%   6/1/42       2,335      2,527
  University of Cincinnati College & University Revenue 5.000%   6/1/43       5,975      6,439
  University of Cincinnati College & University Revenue 5.000%   6/1/43       2,450      2,640
  University of Cincinnati College & University Revenue 5.000%   6/1/44       3,100      3,329
4 University of Toledo College & University Revenue TOB VRDO 2.050%   2/3/25      22,650     22,650
  Warren County OH Health, Hospital, Nursing Home Revenue 4.000%   7/1/35       1,215      1,216
  Worthington City School District GO 5.000%  12/1/38         700        772
  Worthington City School District GO 5.000%  12/1/39       1,000      1,098
                                   1,924,276
Oklahoma (0.5%)
1 Creek County Educational Facilities Authority Lease (Appropriation) Revenue (Sapulpa Public School Project) 5.000%   9/1/39         800        874
1 Creek County Educational Facilities Authority Lease (Appropriation) Revenue (Sapulpa Public School Project) 5.000%   9/1/40       1,160      1,260
1 Creek County Educational Facilities Authority Lease (Appropriation) Revenue (Sapulpa Public School Project) 4.000%   9/1/44       3,930      3,846
  Edmond Public Works Authority Sales Tax Revenue 4.000%   7/1/26         785        797
  Edmond Public Works Authority Sales Tax Revenue 4.000%   7/1/28       1,750      1,785
  Grand River Dam Authority Electric Power & Light Revenue 5.000%   6/1/28       7,680      7,948
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Grand River Dam Authority Electric Power & Light Revenue 5.000%   6/1/40       4,195      4,608
  Grand River Dam Authority Electric Power & Light Revenue 5.000%   6/1/41       6,000      6,541
  Grand River Dam Authority Electric Power & Light Revenue 5.000%   6/1/41       4,500      4,946
  Grand River Dam Authority Electric Power & Light Revenue 5.000%   6/1/42       4,000      4,331
  Grand River Dam Authority Electric Power & Light Revenue 5.000%   6/1/42       4,000      4,364
  Norman Regional Hospital Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/25       3,525      3,534
  Norman Regional Hospital Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/25       1,075      1,078
  Norman Regional Hospital Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/26       5,325      5,387
  Norman Regional Hospital Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/26       1,130      1,143
  Norman Regional Hospital Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/27       2,100      2,027
  Norman Regional Hospital Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/27       1,185      1,144
  Norman Regional Hospital Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/28       3,540      3,373
  Norman Regional Hospital Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/29       1,310      1,233
  Norman Regional Hospital Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/30       1,380      1,284
  Norman Regional Hospital Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/31       1,450      1,334
  Oklahoma Capitol Improvement Authority Lease (Appropriation) Revenue (OK Department of Transportation Project) 4.000%   7/1/36       1,305      1,337
  Oklahoma Capitol Improvement Authority Lease (Appropriation) Revenue (OK Department of Transportation Project) 4.000%   7/1/37       3,085      3,135
  Oklahoma Capitol Improvement Authority Lease (Appropriation) Revenue (OK Department of Transportation Project) 4.000%   7/1/38       2,005      2,031
  Oklahoma Capitol Improvement Authority Lease (Appropriation) Revenue (OK Department of Transportation Project) 4.000%   7/1/39       2,500      2,521
  Oklahoma Capitol Improvement Authority Lease (Appropriation) Revenue (OK Department of Transportation Project) 4.000%   7/1/40       1,500      1,507
  Oklahoma Capitol Improvement Authority Lease Revenue 4.000%   7/1/38      17,165     17,177
  Oklahoma Capitol Improvement Authority Lease Revenue, Prere. 4.000%   7/1/28         235        243
  Oklahoma City OK GO 5.000%   3/1/28       3,080      3,277
  Oklahoma City OK GO 4.000%   3/1/30       1,900      1,929
  Oklahoma City OK GO 4.000%   3/1/38       5,800      5,931
  Oklahoma City OK GO 4.000%   3/1/39       5,800      5,888
  Oklahoma City OK GO 4.000%   3/1/40       5,800      5,846
  Oklahoma City OK GO 4.000%   3/1/42       5,800      5,758
  Oklahoma City OK GO 4.000%   3/1/44       5,820      5,683
  Oklahoma City Water Utilities Trust Water Revenue, Prere. 5.000%   7/1/26       3,600      3,712
  Oklahoma City Water Utilities Trust Water Revenue, Prere. 5.000%   7/1/26       1,850      1,908
  Oklahoma City Water Utilities Trust Water Revenue, Prere. 5.000%   7/1/26       2,500      2,578
1 Oklahoma County Finance Authority Lease (Appropriation) Revenue (MidWest City-Del City Public Schools Project) 5.000%  10/1/37       1,000      1,118
1 Oklahoma County Finance Authority Lease (Appropriation) Revenue (MidWest City-Del City Public Schools Project) 5.000%  10/1/38       1,000      1,107
1 Oklahoma County Finance Authority Lease (Appropriation) Revenue (MidWest City-Del City Public Schools Project) 5.000%  10/1/39       1,150      1,259
1 Oklahoma County Finance Authority Lease (Appropriation) Revenue (MidWest City-Del City Public Schools Project) 5.000%  10/1/40       1,500      1,630
1 Oklahoma County Finance Authority Lease (Appropriation) Revenue (MidWest City-Del City Public Schools Project) 5.000%  10/1/41       2,000      2,157
1 Oklahoma County Finance Authority Lease (Appropriation) Revenue (MidWest City-Del City Public Schools Project) 5.000%  10/1/42       1,500      1,607
1 Oklahoma County Finance Authority Lease (Appropriation) Revenue (MidWest City-Del City Public Schools Project) 5.000%  10/1/44       1,850      1,965
1 Oklahoma County Finance Authority Lease (Appropriation) Revenue (MidWest City-Del City Public Schools Project) 5.000%  10/1/45       1,000      1,060
  Oklahoma Development Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/25       2,010      2,023
  Oklahoma Development Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/26       1,795      1,807
  Oklahoma Development Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/27       1,810      1,823
  Oklahoma Development Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/28       3,430      3,454
  Oklahoma Development Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/29       3,105      3,127
  Oklahoma Development Finance Authority Health, Hospital, Nursing Home Revenue (OU Medicine Project) 5.000%  8/15/26       1,270      1,291
  Oklahoma Development Finance Authority Health, Hospital, Nursing Home Revenue (OU Medicine Project) 5.000%  8/15/27       2,075      2,135
  Oklahoma Development Finance Authority Health, Hospital, Nursing Home Revenue (OU Medicine Project) 5.000%  8/15/29       2,740      2,843
  Oklahoma Development Finance Authority Health, Hospital, Nursing Home Revenue (OU Medicine Project) 5.000%  8/15/33       8,710      8,987
  Oklahoma Development Finance Authority Health, Hospital, Nursing Home Revenue (OU Medicine Project) 5.500%  8/15/37       3,000      3,130
  Oklahoma Development Finance Authority Health, Hospital, Nursing Home Revenue (OU Medicine Project) 5.000%  8/15/38      18,475     18,873
  Oklahoma Industries Authority Lease (Appropriation) Revenue (Oklahoma City Public School Project) 5.000%   4/1/31       5,000      5,518
  Oklahoma Industries Authority Lease (Appropriation) Revenue (Oklahoma City Public School Project) 5.000%   4/1/32       6,000      6,688
  Oklahoma Industries Authority Lease (Appropriation) Revenue (Oklahoma City Public School Project) 5.000%   4/1/33       6,485      7,293
  Oklahoma Industries Authority Lease (Appropriation) Revenue (Oklahoma City Public School Project) 5.000%   4/1/34       1,000      1,133
  Oklahoma Municipal Power Authority Electric Power & Light Revenue 5.000%   1/1/29         410        417
  Oklahoma Municipal Power Authority Electric Power & Light Revenue 5.000%   1/1/33       1,500      1,521
  Oklahoma State University College & University Revenue 4.000%   9/1/32         470        489
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Oklahoma State University College & University Revenue 4.000%   9/1/36         980      1,006
  Oklahoma State University College & University Revenue 4.000%   9/1/39         935        946
  Oklahoma State University College & University Revenue 3.000%   9/1/40         515        441
  Oklahoma State University College & University Revenue 3.000%   9/1/41         500        422
  Oklahoma Turnpike Authority Highway Revenue 3.000%   1/1/34       3,500      3,216
  Oklahoma Turnpike Authority Highway Revenue 5.000%   1/1/34       2,500      2,589
  Oklahoma Turnpike Authority Highway Revenue 5.000%   1/1/35       3,575      3,697
6 Oklahoma Turnpike Authority Highway Revenue 5.000%   1/1/36       2,170      2,498
6 Oklahoma Turnpike Authority Highway Revenue 5.000%   1/1/37       3,930      4,412
  Oklahoma Turnpike Authority Highway Revenue 4.000%   1/1/38       2,455      2,471
6 Oklahoma Turnpike Authority Highway Revenue 5.000%   1/1/38       2,425      2,704
6 Oklahoma Turnpike Authority Highway Revenue 5.000%   1/1/39       3,750      4,158
6 Oklahoma Turnpike Authority Highway Revenue 5.000%   1/1/40       1,750      1,928
6 Oklahoma Turnpike Authority Highway Revenue 5.000%   1/1/41       4,500      5,029
6 Oklahoma Turnpike Authority Highway Revenue 5.000%   1/1/42       4,850      5,378
6 Oklahoma Turnpike Authority Highway Revenue 5.000%   1/1/42       1,720      1,865
6 Oklahoma Turnpike Authority Highway Revenue 5.000%   1/1/43       5,500      6,036
6 Oklahoma Turnpike Authority Highway Revenue 5.000%   1/1/44       7,750      8,438
6 Oklahoma Turnpike Authority Highway Revenue 5.000%   1/1/45       8,750      9,490
  Oklahoma Water Resources Board Intergovernmental Agreement Revenue 5.000%  10/1/31         210        237
  Oklahoma Water Resources Board Intergovernmental Agreement Revenue 5.000%  10/1/32         280        314
  Oklahoma Water Resources Board Intergovernmental Agreement Revenue 5.000%  10/1/33         345        385
  Oklahoma Water Resources Board Intergovernmental Agreement Revenue 5.000%  10/1/34         425        473
  Oklahoma Water Resources Board Intergovernmental Agreement Revenue 5.000%  10/1/35         305        338
  Oklahoma Water Resources Board Intergovernmental Agreement Revenue 5.000%  10/1/36         375        414
  Oklahoma Water Resources Board Intergovernmental Agreement Revenue 5.000%  10/1/37         335        367
  Oklahoma Water Resources Board Intergovernmental Agreement Revenue 5.000%  10/1/38         450        491
  Oklahoma Water Resources Board Intergovernmental Agreement Revenue 5.000%  10/1/39         330        359
  Oklahoma Water Resources Board Intergovernmental Agreement Revenue 5.250%  10/1/44       7,300      7,886
  Oklahoma Water Resources Board Lease Revenue 5.000%  10/1/42       3,740      4,072
  Oklahoma Water Resources Board Water Revenue 2.125%   4/1/36       1,745      1,393
  Oklahoma Water Resources Board Water Revenue 5.000%  10/1/36       1,000      1,028
  Oklahoma Water Resources Board Water Revenue 4.000%  10/1/43       7,000      6,969
  Oklahoma Water Resources Board Water Revenue (Clean Water Program) 5.000%   4/1/43       1,575      1,721
  Oklahoma Water Resources Board Water Revenue (Clean Water Program) 5.000%   4/1/44       1,665      1,813
  Tulsa County Independent School District No. 9 Union GO 4.000%   4/1/27       2,350      2,406
  Tulsa County Industrial Authority Health, Hospital, Nursing Home Revenue (Montereau Inc. Project) 5.000% 11/15/25       1,000      1,003
  Tulsa County Industrial Authority Health, Hospital, Nursing Home Revenue (Montereau Inc. Project) 5.000% 11/15/26         350        353
  Tulsa County Industrial Authority Lease (Appropriation) Revenue 4.000%   9/1/30       5,000      5,146
  Tulsa County Industrial Authority Lease (Appropriation) Revenue 4.000%   9/1/31       6,000      6,181
  Tulsa Metropolitan Utility Authority Water Revenue 4.000%   4/1/38       1,245      1,263
  Tulsa Metropolitan Utility Authority Water Revenue 4.000%   4/1/39       1,690      1,704
  Tulsa Public Facilities Authority Sales Tax Revenue 3.000%   6/1/28       1,000        981
  Tulsa Public Facilities Authority Sales Tax Revenue 4.000%  10/1/28      10,805     10,956
  Tulsa Public Facilities Authority Sales Tax Revenue 4.000%  10/1/29      11,370     11,511
  Tulsa Public Facilities Authority Sales Tax Revenue 4.000%  10/1/31       1,000      1,010
  University of Oklahoma College & University Revenue 5.000%   7/1/29       1,000      1,030
                                     356,281
Oregon (1.0%)
  Benton & Linn Counties Consolidated School District No. 509J & 509A Corvallis GO 5.000%  6/15/35       1,000      1,052
  Benton & Linn Counties Consolidated School District No. 509J & 509A Corvallis GO 5.000%  6/15/36       1,000      1,049
  Benton & Linn Counties Consolidated School District No. 509J & 509A Corvallis GO 5.000%  6/15/37       1,000      1,046
  Benton & Linn Counties Consolidated School District No. 509J & 509A Corvallis GO 5.000%  6/15/38       2,000      2,087
  Benton & Linn Counties Consolidated School District No. 509J & 509A Corvallis GO 5.000%  6/15/38       2,000      2,087
  Clackamas & Washington Counties School District No. 3 GO 5.000%  6/15/26       1,000      1,030
  Clackamas & Washington Counties School District No. 3 GO 0.000%  6/15/36       3,750      2,369
  Clackamas & Washington Counties School District No. 3 GO 0.000%  6/15/37       1,375        831
  Clackamas & Washington Counties School District No. 3 GO 0.000%  6/15/38       1,900      1,087
  Clackamas County School District No. 12 North Clackamas GO 5.000%  6/15/33      11,905     12,422
  Clackamas County School District No. 12 North Clackamas GO 5.000%  6/15/37      17,120     17,772
  Clackamas County School District No. 12 North Clackamas GO 0.000%  6/15/38      14,600      8,093
  Clackamas County School District No. 35 Molalla River GO 5.000%  6/15/42       1,000      1,091
  Clackamas County School District No. 35 Molalla River GO 5.000%  6/15/43       1,165      1,266
  Clackamas County School District No. 35 Molalla River GO 5.000%  6/15/44         760        823
  Clackamas County School District No. 35 Molalla River GO 5.000%  6/15/45       1,825      1,968
  Clackamas County School District No. 46 Oregon Trail GO 5.000%  6/15/29       3,000      3,152
  Clackamas County School District No. 46 Oregon Trail GO 5.000%  6/15/30       2,245      2,354
  Clackamas County School District No. 86 Canby GO 4.000%  6/15/34         550        570
  Clackamas County School District No. 86 Canby GO 4.000%  6/15/35         580        598
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Columbia County School District No. 502 GO 5.000%  6/15/45       1,115      1,169
  Forest Grove OR College & University Revenue 4.000%   5/1/37         635        592
  Forest Grove OR College & University Revenue 4.000%   5/1/39         875        793
  Forest Grove OR College & University Revenue (Pacific University Project) 5.000%   5/1/30         550        551
  Medford Hospital Facilities Authority Health, Hospital, Nursing Home Revenue (Asante Project) 5.000%  8/15/27       1,230      1,284
  Medford Hospital Facilities Authority Health, Hospital, Nursing Home Revenue (Asante Project) 5.000%  8/15/28         600        635
  Medford Hospital Facilities Authority Health, Hospital, Nursing Home Revenue (Asante Project) 5.000%  8/15/29         600        643
  Medford Hospital Facilities Authority Health, Hospital, Nursing Home Revenue (Asante Project) 5.000%  8/15/30       2,040      2,212
  Medford Hospital Facilities Authority Health, Hospital, Nursing Home Revenue (Asante Project) 5.000%  8/15/31       2,230      2,421
  Medford Hospital Facilities Authority Health, Hospital, Nursing Home Revenue (Asante Project) 5.000%  8/15/32       1,350      1,458
  Medford Hospital Facilities Authority Health, Hospital, Nursing Home Revenue (Asante Project) 5.000%  8/15/33         800        859
  Medford Hospital Facilities Authority Health, Hospital, Nursing Home Revenue (Asante Project) 5.000%  8/15/34       1,250      1,336
  Medford Hospital Facilities Authority Health, Hospital, Nursing Home Revenue (Asante Project) 5.000%  8/15/36       1,500      1,588
  Medford Hospital Facilities Authority Health, Hospital, Nursing Home Revenue (Asante Project) 5.000%  8/15/37       1,725      1,817
  Medford Hospital Facilities Authority Health, Hospital, Nursing Home Revenue (Asante Project) 5.000%  8/15/38       2,200      2,307
3 Medford Hospital Facilities Authority Health, Hospital, Nursing Home Revenue (Asante Project) 4.000%  8/15/40      13,250     13,037
  Multnomah & Clackamas Counties School District No. 10JT Gresham-Barlow GO 5.000%  6/15/37       5,000      5,200
  Multnomah County OR School District No. 1 Portland GO 3.000%  6/15/33       5,350      5,164
  Multnomah County OR School District No. 1 Portland GO 3.000%  6/15/36       4,000      3,694
  Multnomah County OR School District No. 1 Portland GO 3.000%  6/15/37      12,160     10,930
  Multnomah County OR School District No. 1 Portland GO 5.000%  6/15/40       6,820      7,508
  Multnomah County School District No. 40 GO 0.000%  6/15/31       2,000      1,593
  Multnomah County School District No. 40 GO 0.000%  6/15/32       1,715      1,309
  Multnomah County School District No. 40 GO 0.000%  6/15/37       1,000        591
  Multnomah County School District No. 40 GO 0.000%  6/15/38         750        416
  Multnomah-Clackamas Counties OR Centennial School District No. 28JT GO 5.000%  6/15/45       2,000      2,131
  Oregon (Articale XI-Q State Projects) GO 5.000%   5/1/26         705        725
  Oregon (Articale XI-Q State Projects) GO 5.000%   5/1/34       2,675      2,787
  Oregon (Articale XI-Q State Projects) GO 5.000%   5/1/35       2,750      2,862
  Oregon (Articale XI-Q State Projects) GO 5.000%   5/1/36       4,285      4,845
  Oregon (Articale XI-Q State Projects) GO 5.000%   5/1/37       4,365      4,533
  Oregon (Articale XI-Q State Projects) GO 5.000%   5/1/37       3,590      4,042
  Oregon (Articale XI-Q State Projects) GO 5.000%   5/1/39       2,500      2,780
  Oregon (Articale XI-Q State Projects) GO 5.000%   5/1/40       3,890      4,295
  Oregon (Articale XI-Q State Projects) GO 5.000%   5/1/42       9,000      9,838
  Oregon (Articale XI-Q State Projects) GO 5.000%  11/1/42       1,495      1,643
  Oregon (Articale XI-Q State Projects) GO 5.000%  11/1/43       1,105      1,209
  Oregon (Articale XI-Q State Projects) GO 5.250%   5/1/44       3,100      3,463
  Oregon City School District No. 62 GO 5.000%  6/15/38       2,635      2,749
  Oregon Department of Transportation Appropriations Revenue 5.000%  5/15/32       2,000      2,266
  Oregon Department of Transportation Appropriations Revenue 5.000%  5/15/33       2,500      2,863
  Oregon Department of Transportation Appropriations Revenue 5.000%  5/15/34       1,125      1,301
  Oregon Department of Transportation Fuel Sales Tax Revenue 5.000% 11/15/37      17,840     19,051
  Oregon Department of Transportation Fuel Sales Tax Revenue 5.000% 11/15/38      15,070     16,045
  Oregon Department of Transportation Fuel Sales Tax Revenue 5.000% 11/15/39       5,605      5,949
  Oregon Department of Transportation Fuel Sales Tax Revenue 5.000% 11/15/40      17,030     18,335
  Oregon Department of Transportation Fuel Sales Tax Revenue 4.000% 11/15/42       5,000      4,984
  Oregon Department of Transportation Fuel Sales Tax Revenue 5.000% 11/15/42      21,000     22,167
  Oregon Department of Transportation Miscellaneous Revenue 5.000% 11/15/32       8,000      9,139
  Oregon Department of Transportation Miscellaneous Revenue 5.000% 11/15/33      20,000     23,083
  Oregon Department of Transportation Miscellaneous Revenue 5.000% 11/15/34      61,670     71,818
  Oregon GO 4.000%   8/1/33       1,700      1,728
  Oregon GO 5.000%   8/1/39       1,175      1,240
  Oregon GO 5.000%   6/1/40       2,550      2,820
  Oregon GO 5.250%   6/1/42       3,000      3,384
  Oregon GO 5.250%   6/1/43       3,000      3,369
  Oregon GO 5.500%  12/1/53       5,660      6,056
  Oregon Health & Science University Health, Hospital, Nursing Home Revenue 5.000%   7/1/42       2,000      2,033
  Oregon Housing & Community Services Department Local or Guaranteed Housing Revenue 3.500%   1/1/51       1,815      1,801
  Oregon Housing & Community Services Department Local or Guaranteed Housing Revenue (Fields Apartments Project) 3.930%  10/1/36       3,861      3,668
  Oregon Housing & Community Services Department Local or Guaranteed Housing Revenue (Hollywood Hub Apartments Project) PUT 4.000%   1/1/29       4,720      4,764
  Oregon Housing & Community Services Department Local or Guaranteed Housing Revenue (Single Family Mortgage Program) 2.050%   7/1/36       1,000        785
  Oregon Housing & Community Services Department Local or Guaranteed Housing Revenue (Single Family Mortgage Program) 5.500%   7/1/53       6,940      7,431
  Oregon State Business Development Commission Industrial Revenue (Intel Corp. Project) PUT 3.800%  6/15/28      14,925     15,070
  Oregon State Facilities Authority College & University Revenue 5.000%   4/1/27         595        597
  Oregon State Facilities Authority College & University Revenue 5.000%   4/1/29         750        752
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Oregon State Facilities Authority College & University Revenue 5.000%   4/1/30         700        702
  Oregon State Facilities Authority College & University Revenue 5.000%   4/1/31         700        702
  Oregon State Facilities Authority College & University Revenue 5.000%   4/1/32       1,000      1,003
  Oregon State Facilities Authority College & University Revenue 5.000%   4/1/33       1,100      1,103
  Oregon State Facilities Authority College & University Revenue 5.000%   4/1/34       1,280      1,283
  Oregon State Facilities Authority College & University Revenue 5.000%   4/1/35       1,200      1,203
  Oregon State Facilities Authority Health, Hospital, Nursing Home Revenue (Legacy Health Project) 5.000%   6/1/30      15,345     16,405
  Oregon State Facilities Authority Health, Hospital, Nursing Home Revenue (Legacy Health Project) 5.000%   6/1/32       4,100      4,174
  Oregon State Facilities Authority Health, Hospital, Nursing Home Revenue (Legacy Health Project) 5.000%   6/1/33       4,000      4,068
  Oregon State Facilities Authority Health, Hospital, Nursing Home Revenue (PeaceHealth Project) 5.000% 11/15/26       1,810      1,811
  Oregon State Facilities Authority Health, Hospital, Nursing Home Revenue (PeaceHealth Project) 5.000% 11/15/27       2,025      2,026
  Oregon State Facilities Authority Health, Hospital, Nursing Home Revenue (PeaceHealth Project) 5.000% 11/15/28       2,500      2,502
  Oregon State Facilities Authority Health, Hospital, Nursing Home Revenue (PeaceHealth Project) 5.000% 11/15/29       1,420      1,421
  Oregon State Facilities Authority Health, Hospital, Nursing Home Revenue (Samaritan Health Services Project) 5.000%  10/1/26       1,080      1,101
  Oregon State Facilities Authority Health, Hospital, Nursing Home Revenue (Samaritan Health Services Project) 5.000%  10/1/27       2,725      2,773
  Oregon State Facilities Authority Health, Hospital, Nursing Home Revenue (Samaritan Health Services Project) 5.000%  10/1/28       3,965      4,032
  Oregon State Facilities Authority Health, Hospital, Nursing Home Revenue (Samaritan Health Services Project) 5.000%  10/1/28         300        313
  Oregon State Facilities Authority Health, Hospital, Nursing Home Revenue (Samaritan Health Services Project) 5.000%  10/1/29         600        630
  Oregon State Facilities Authority Health, Hospital, Nursing Home Revenue (Samaritan Health Services Project) 5.000%  10/1/30         750        794
  Oregon State Facilities Authority Health, Hospital, Nursing Home Revenue (Samaritan Health Services Project) 5.000%  10/1/35       1,495      1,563
  Oregon State Lottery Revenue 5.000%   4/1/30       4,705      4,906
  Oregon State Lottery Revenue 5.000%   4/1/30       8,850      9,227
  Oregon State Lottery Revenue 5.000%   4/1/31       3,530      3,679
  Oregon State Lottery Revenue 5.000%   4/1/33       4,000      4,160
  Oregon State Lottery Revenue 5.000%   4/1/33       3,980      4,288
  Oregon State Lottery Revenue 5.000%   4/1/34       2,595      2,697
  Oregon State Lottery Revenue 5.000%   4/1/34       2,135      2,292
  Oregon State Lottery Revenue 5.000%   4/1/35       4,000      4,152
  Oregon State Lottery Revenue 5.000%   4/1/36       1,670      1,732
  Oregon State Lottery Revenue 5.000%   4/1/36       2,000      2,133
  Oregon State Lottery Revenue 5.000%   4/1/38       3,215      3,407
  Oregon State University College & University Revenue 5.000%   4/1/45       6,000      6,371
  Oregon Tri-County Metropolitan Transportation Government Fund/Grant Revenue 5.000%  10/1/26       1,165      1,204
  Oregon Tri-County Metropolitan Transportation Miscellaneous Taxes Revenue 3.000%   9/1/35       3,680      3,489
  Oregon Tri-County Metropolitan Transportation Miscellaneous Taxes Revenue 3.000%   9/1/38       1,745      1,568
  Oregon Tri-County Metropolitan Transportation Miscellaneous Taxes Revenue 3.000%   9/1/39       2,695      2,374
  Oregon Tri-County Metropolitan Transportation Miscellaneous Taxes Revenue, Prere. 5.000%   9/1/26       1,610      1,667
  Oregon Tri-County Metropolitan Transportation Miscellaneous Taxes Revenue, Prere. 5.000%   9/1/26       2,310      2,393
  Oregon Tri-County Metropolitan Transportation Miscellaneous Taxes Revenue, Prere. 5.000%   9/1/26       2,500      2,589
  Oregon Tri-County Metropolitan Transportation Miscellaneous Taxes Revenue, Prere. 5.000%   9/1/27       2,160      2,284
  Oregon Tri-County Metropolitan Transportation Miscellaneous Taxes Revenue, Prere. 5.000%   9/1/27       1,025      1,084
  Port of Morrow OR GO 4.000%  12/1/38       1,455      1,424
  Port of Portland OR Airport Port, Airport & Marina Revenue 5.000%   7/1/29       1,720      1,731
  Port of Portland OR Airport Port, Airport & Marina Revenue 5.000%   7/1/30       1,020      1,026
  Port of Portland OR Airport Port, Airport & Marina Revenue 5.000%   7/1/32       1,190      1,197
  Port of Portland OR Airport Port, Airport & Marina Revenue 5.000%   7/1/34       3,000      3,016
  Port of Portland OR Airport Port, Airport & Marina Revenue 5.000%   7/1/38      10,560     10,603
  Portland OR (Portland Building Project) GO 5.000%  6/15/35       6,160      6,508
  Portland OR (Portland Building Project) GO 5.000%  6/15/36       5,950      6,273
  Portland OR (Portland Building Project) GO 5.000%  6/15/37       6,005      6,304
  Portland OR (Portland Building Project) GO 5.000%  6/15/38       6,880      7,206
  Portland OR (Portland Building Project) GO 5.000%  6/15/39       5,045      5,264
  Portland OR (Portland Building Project) GO 5.000%  6/15/40       2,000      2,084
6 Portland OR Sewer System Sewer Revenue 5.000%   6/1/29       3,000      3,257
6 Portland OR Sewer System Sewer Revenue 5.000%  10/1/29       2,500      2,739
6 Portland OR Sewer System Sewer Revenue 5.000%   6/1/30       1,980      2,184
6 Portland OR Sewer System Sewer Revenue 5.000%  10/1/40       1,240      1,401
6 Portland OR Sewer System Sewer Revenue 5.000%  10/1/41       1,375      1,542
6 Portland OR Sewer System Sewer Revenue 5.000%  10/1/42       1,650      1,841
6 Portland OR Sewer System Sewer Revenue 5.000%  10/1/43       1,375      1,520
6 Portland OR Sewer System Sewer Revenue 5.000%  10/1/44       2,140      2,345
  Portland OR Water System Water Revenue 2.000%   5/1/42       2,715      1,803
  Portland OR Water System Water Revenue 2.000%   5/1/43       4,910      3,184
  Salem Hospital Facility Authority Health, Hospital, Nursing Home Revenue (Capital Manor Project) 5.000%  5/15/27         260        263
  Salem Hospital Facility Authority Health, Hospital, Nursing Home Revenue (Capital Manor Project) 5.000%  5/15/28         310        315
  Salem Hospital Facility Authority Health, Hospital, Nursing Home Revenue (Capital Manor Project) 4.000%  5/15/29         260        255
  Salem Hospital Facility Authority Health, Hospital, Nursing Home Revenue (Capital Manor Project) 4.000%  5/15/30         195        191
  Salem Hospital Facility Authority Health, Hospital, Nursing Home Revenue (Capital Manor Project) 4.000%  5/15/31         200        195
  Salem Hospital Facility Authority Health, Hospital, Nursing Home Revenue (Capital Manor Project) 4.000%  5/15/32         185        179
  Salem Hospital Facility Authority Health, Hospital, Nursing Home Revenue (Capital Manor Project) 4.000%  5/15/40       1,000        909
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Salem Hospital Facility Authority Health, Hospital, Nursing Home Revenue (Salem Health Projects) 5.000%  5/15/37       2,280      2,394
  Salem-Keizer School District No. 24J GO 0.000%  6/15/27       5,000      4,632
  Salem-Keizer School District No. 24J GO 5.000%  6/15/36      15,475     16,287
  Salem-Keizer School District No. 24J GO 5.000%  6/15/37      12,500     13,107
  Salem-Keizer School District No. 24J GO 5.000%  6/15/38      10,000     10,457
  Seaside School District No. 10 GO 5.000%  6/15/32       2,015      2,104
  Seaside School District No. 10 GO 5.000%  6/15/34       3,475      3,614
  Seaside School District No. 10 GO 5.000%  6/15/35       2,000      2,078
  Seaside School District No. 10 GO 5.000%  6/15/36       2,500      2,594
  Union County Hospital Facility Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/35       1,360      1,414
  Union County Hospital Facility Authority Health, Hospital, Nursing Home Revenue (Grande Ronde Hospital Project) 5.000%   7/1/39       1,665      1,703
  Washington & Clackamas Counties School District No. 23J Tigard-Tualatin GO 5.000%  6/15/31       5,460      5,706
  Washington & Clackamas Counties School District No. 23J Tigard-Tualatin GO 5.000%  6/15/32       4,115      4,295
  Washington & Clackamas Counties School District No. 23J Tigard-Tualatin GO 5.000%  6/15/35       4,000      4,161
  Washington & Clackamas Counties School District No. 23J Tigard-Tualatin GO 5.000%  6/15/37       4,205      4,364
  Washington & Clackamas Counties School District No. 23J Tigard-Tualatin GO 5.000%  6/15/39       4,475      4,705
  Washington & Clackamas Counties School District No. 23J Tigard-Tualatin GO, Prere. 5.000%  6/15/27         795        833
  Washington & Multnomah Counties School District No. 48J Beaverton GO 5.000%  6/15/28       1,065      1,141
  Washington & Multnomah Counties School District No. 48J Beaverton GO 5.000%  6/15/35      10,560     10,986
  Washington & Multnomah Counties School District No. 48J Beaverton GO 5.000%  6/15/36      12,120     12,592
  Washington & Multnomah Counties School District No. 48J Beaverton GO 0.000%  6/15/37       2,443      1,450
  Washington & Multnomah Counties School District No. 48J Beaverton GO 0.000%  6/15/38       5,500      3,090
                                     740,026
Pennsylvania (4.5%)
4 Abington Pennsylvania School District GO TOB VRDO 1.850%   2/3/25      11,225     11,225
  Abington School District GO 4.000%  10/1/38       5,000      5,014
  Abington School District GO 4.000%  10/1/39       2,500      2,499
  Adams County General Authority College & University Revenue 5.000%  8/15/33       1,100      1,174
  Adams County General Authority Health, Hospital, Nursing Home Revenue 3.600%   6/1/29         630        622
  Adams County General Authority Health, Hospital, Nursing Home Revenue 3.900%   6/1/30         990        975
  Allegheny County Higher Education Building Authority College & University Revenue 5.000%   9/1/31         950        949
  Allegheny County Higher Education Building Authority College & University Revenue 5.000%   9/1/32       1,000        993
  Allegheny County Higher Education Building Authority College & University Revenue 5.250%   9/1/33         700        703
  Allegheny County Higher Education Building Authority College & University Revenue 5.250%   9/1/35         550        547
  Allegheny County Higher Education Building Authority College & University Revenue 4.000%   3/1/40       2,000      1,971
  Allegheny County Hospital Development Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/26       8,605      8,779
  Allegheny County Hospital Development Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/27      15,000     15,560
  Allegheny County Hospital Development Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/28       8,040      8,463
  Allegheny County Hospital Development Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/29       9,385      9,847
  Allegheny County Hospital Development Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/30       7,000      7,329
  Allegheny County Hospital Development Authority Health, Hospital, Nursing Home Revenue 5.000%  7/15/31       6,110      6,556
  Allegheny County Hospital Development Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/32      11,000     11,441
  Allegheny County Hospital Development Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/33      10,000     10,385
  Allegheny County Hospital Development Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/34       8,475      8,788
  Allegheny County Hospital Development Authority Health, Hospital, Nursing Home Revenue 5.000%  7/15/34       5,250      5,569
  Allegheny County Hospital Development Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/35       6,000      6,212
  Allegheny County Hospital Development Authority Health, Hospital, Nursing Home Revenue 4.000%  7/15/35       6,790      6,855
  Allegheny County Hospital Development Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/36       4,750      4,910
  Allegheny County Hospital Development Authority Health, Hospital, Nursing Home Revenue 4.000%   4/1/37       7,000      6,884
  Allegheny County Hospital Development Authority Health, Hospital, Nursing Home Revenue 4.000%  7/15/37       2,095      2,102
  Allegheny County Hospital Development Authority Health, Hospital, Nursing Home Revenue 4.000%   4/1/38      14,500     14,046
  Allegheny County Hospital Development Authority Health, Hospital, Nursing Home Revenue 4.000%  7/15/39       2,360      2,320
  Allegheny County PA GO 5.000%  11/1/29      12,065     12,484
  Allegheny County PA GO 5.000%  11/1/43       2,250      2,330
  Allegheny County Sanitary Authority Sewer Revenue 5.000%  12/1/30         350        388
  Allegheny County Sanitary Authority Sewer Revenue 5.000%  12/1/31         540        607
  Allegheny County Sanitary Authority Sewer Revenue 5.000%  12/1/33       1,000      1,133
  Allegheny County Sanitary Authority Sewer Revenue 4.000%   6/1/34         830        857
  Allegheny County Sanitary Authority Sewer Revenue 5.000%  12/1/34         750        845
  Allegheny County Sanitary Authority Sewer Revenue 4.000%   6/1/35         400        412
3 Allegheny County Sanitary Authority Sewer Revenue 4.000%  12/1/35       1,200      1,212
  Allegheny County Sanitary Authority Sewer Revenue 5.000%  12/1/35         750        848
  Allegheny County Sanitary Authority Sewer Revenue 4.000%   6/1/36         675        692
  Allegheny County Sanitary Authority Sewer Revenue 5.000%  12/1/36         625        700
  Allegheny County Sanitary Authority Sewer Revenue 4.000%   6/1/37         600        614
  Allegheny County Sanitary Authority Sewer Revenue 5.000%  12/1/37         860        958
  Allegheny County Sanitary Authority Sewer Revenue 4.000%   6/1/38         750        763
  Allegheny County Sanitary Authority Sewer Revenue 5.000%  12/1/38       1,000      1,107
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Allegheny County Sanitary Authority Sewer Revenue 5.000%  12/1/39         705        775
  Allegheny County Sanitary Authority Sewer Revenue 4.000%   6/1/40         415        417
  Allegheny County Sanitary Authority Sewer Revenue 5.000%  12/1/40       1,240      1,254
  Allegheny County Sanitary Authority Sewer Revenue 5.000%  12/1/40       1,000      1,096
  Allegheny County Sanitary Authority Sewer Revenue 4.000%  12/1/41      16,380     16,370
  Allegheny County Sanitary Authority Sewer Revenue 5.000%  12/1/43       1,245      1,343
  Allegheny County Sanitary Authority Sewer Revenue 4.000%  12/1/44       3,195      3,124
1 Allentown City School District GO 5.000%   2/1/29       3,150      3,313
1 Allentown City School District GO 5.000%   2/1/30       4,275      4,558
1 Allentown City School District GO 5.000%   2/1/33       5,000      5,264
1 Allentown City School District GO 5.000%   6/1/33       1,545      1,576
1 Allentown City School District GO 5.000%   6/1/34       2,000      2,040
1 Allentown City School District GO 4.000%   2/1/35       2,500      2,526
1 Allentown City School District GO 5.000%   2/1/37       2,550      2,653
1 Allentown City School District GO 5.000%   6/1/37       1,500      1,523
  Allentown Neighborhood Improvement Zone Development Authority Sales Tax Revenue 5.000%   5/1/29       1,450      1,532
  Allentown Neighborhood Improvement Zone Development Authority Sales Tax Revenue 5.000%   5/1/30       1,450      1,545
  Allentown Neighborhood Improvement Zone Development Authority Sales Tax Revenue 5.000%   5/1/31       2,830      3,042
  Allentown Neighborhood Improvement Zone Development Authority Sales Tax Revenue 5.000%   5/1/32       3,345      3,613
  Allentown Neighborhood Improvement Zone Development Authority Sales Tax Revenue 5.000%   5/1/33       2,550      2,746
  Allentown Neighborhood Improvement Zone Development Authority Sales Tax Revenue 5.000%   5/1/34       1,915      2,055
  Allentown Neighborhood Improvement Zone Development Authority Sales Tax Revenue 5.000%   5/1/35       2,700      2,889
  Allentown Neighborhood Improvement Zone Development Authority Sales Tax Revenue 5.000%   5/1/36       1,000      1,066
  Allentown Neighborhood Improvement Zone Development Authority Sales Tax Revenue 5.000%   5/1/42      10,010     10,384
4 Allentown Neighborhood Improvement Zone Development Authority Sales Tax Revenue (City Center Project) 5.000%   5/1/27       3,460      3,539
4 Allentown Neighborhood Improvement Zone Development Authority Sales Tax Revenue (City Center Project) 5.000%   5/1/28       2,235      2,290
4 Allentown Neighborhood Improvement Zone Development Authority Sales Tax Revenue (City Center Project) 5.000%   5/1/28       6,260      6,375
4 Allentown Neighborhood Improvement Zone Development Authority Sales Tax Revenue (City Center Project) 5.125%   5/1/32       7,565      7,668
4 Allentown Neighborhood Improvement Zone Development Authority Sales Tax Revenue (City Center Project) 5.000%   5/1/33       1,000      1,017
4 Allentown Neighborhood Improvement Zone Development Authority Sales Tax Revenue (City Center Project) 5.250%   5/1/42       8,015      8,042
4 Allentown Neighborhood Improvement Zone Development Authority Sales Tax Revenue (City Center Project) 5.375%   5/1/42      20,670     20,731
1 Baldwin Whitehall School District GO 3.000% 11/15/31       3,545      3,431
1 Baldwin Whitehall School District GO 3.000% 11/15/32       3,665      3,495
1 Baldwin Whitehall School District GO 3.000% 11/15/33       3,765      3,538
  Bellefonte Area School District GO 5.000%  5/15/42       1,365      1,455
  Bellefonte Area School District GO 5.000%  5/15/43       2,215      2,349
  Bellefonte Area School District GO 5.000%  5/15/44       2,000      2,117
  Berks County IDA Health, Hospital, Nursing Home Revenue (Tower Health Project) 5.000%  11/1/26         470        413
3 Bermudian Springs School District GO 5.000%   5/1/31       1,955      2,035
  Bethel Park School District GO 4.000%   8/1/35       1,760      1,824
  Bethel Park School District GO 4.000%   8/1/36       1,500      1,551
1,6 Bethlehem Area School District GO 5.000%  10/1/36         350        386
1,6 Bethlehem Area School District GO 5.000%  10/1/37         500        549
  Bethlehem Redevelopment Authority College & University Revenue (Moravian University Project) 4.000%  10/1/35       6,035      5,912
  Bethlehem Redevelopment Authority College & University Revenue (Moravian University Project) 5.000%  10/1/36       1,055      1,121
  Bethlehem Redevelopment Authority College & University Revenue (Moravian University Project) 5.000%  10/1/38       1,160      1,224
  Bethlehem Redevelopment Authority College & University Revenue (Moravian University Project) 5.000%  10/1/42       1,410      1,451
  Bethlehem Redevelopment Authority College & University Revenue (Moravian University Project) 5.000%  10/1/43       1,480      1,518
  Bethlehem Redevelopment Authority College & University Revenue (Moravian University Project) 5.000%  10/1/44       1,555      1,588
  Bucks County IDA College & University Revenue (Delaware Valley University Project) 5.000%  11/1/25         445        447
  Bucks County IDA College & University Revenue (Delaware Valley University Project) 5.000%  11/1/26         475        480
  Bucks County IDA College & University Revenue (Delaware Valley University Project) 5.000%  11/1/27         585        594
  Bucks County IDA College & University Revenue (Delaware Valley University Project) 5.000%  11/1/28         785        799
  Bucks County IDA College & University Revenue (Delaware Valley University Project) 5.000%  11/1/29         825        842
  Bucks County IDA College & University Revenue (Delaware Valley University Project) 5.000%  11/1/31       1,825      1,862
  Bucks County IDA College & University Revenue (Delaware Valley University Project) 5.000%  11/1/32       1,915      1,946
  Bucks County IDA Health, Hospital, Nursing Home Revenue (Grand View Hospital Project) 5.000%   7/1/29         300        313
  Bucks County IDA Health, Hospital, Nursing Home Revenue (Grand View Hospital Project) 5.000%   7/1/31       1,300      1,376
  Bucks County IDA Health, Hospital, Nursing Home Revenue (Grand View Hospital Project) 5.000%   7/1/32       2,055      2,168
  Bucks County IDA Health, Hospital, Nursing Home Revenue (Grand View Hospital Project) 5.000%   7/1/33       1,800      1,894
  Bucks County IDA Health, Hospital, Nursing Home Revenue (Grand View Hospital Project) 5.000%   7/1/34       1,500      1,574
  Bucks County IDA Health, Hospital, Nursing Home Revenue (Grand View Hospital Project) 5.000%   7/1/35       1,250      1,307
  Bucks County IDA Health, Hospital, Nursing Home Revenue (Grand View Hospital Project) 5.000%   7/1/36       1,350      1,408
  Bucks County IDA Health, Hospital, Nursing Home Revenue (Grand View Hospital Project) 5.000%   7/1/41       1,275      1,305
  Bucks County IDA Health, Hospital, Nursing Home Revenue (St. Lukes Hospital-Monroe Project) 4.000%  8/15/44       1,690      1,570
3 Bucks County Water & Sewer Authority Sewer Revenue 5.000%  12/1/26       1,000      1,038
3 Bucks County Water & Sewer Authority Sewer Revenue 5.000%  12/1/27         570        601
3 Bucks County Water & Sewer Authority Sewer Revenue 5.000%  12/1/29       1,000      1,056
3 Butler County General Authority Miscellaneous Revenue (South PK School District Project) VRDO 2.220%   2/6/25       6,790      6,790
  Canonsburg-Houston Joint Authority Sewer Revenue 5.000%  12/1/31       1,825      1,850
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Canonsburg-Houston Joint Authority Sewer Revenue 5.000%  12/1/32       1,915      1,941
  Capital Region Water Revenue 5.000%  7/15/26       1,000      1,029
  Capital Region Water Revenue 5.000%  7/15/27       1,075      1,127
  Capital Region Water Revenue 5.000%  7/15/28       1,500      1,595
  Centennial School District Bucks County GO 5.000% 12/15/32       1,235      1,334
  Centennial School District Bucks County GO 5.000% 12/15/37       1,555      1,651
  Chester County Health & Education Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/31       1,350      1,408
  Chester County Health & Education Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/34       2,100      2,175
  Chester County Health & Education Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%   9/1/40       1,000        982
  Chester County Health & Education Facilities Authority Miscellaneous Revenue 3.000%  11/1/29       1,465      1,400
4 Chester County IDA Charter School Aid Revenue 4.000%  10/1/39       1,325      1,246
1 Chester County IDA Local or Guaranteed Housing Revenue (University Student Housing LLC Project) 5.000%   8/1/32       1,820      1,981
1 Chester County IDA Local or Guaranteed Housing Revenue (University Student Housing LLC Project) 5.000%   8/1/33       2,960      3,212
1 Chester County IDA Local or Guaranteed Housing Revenue (University Student Housing LLC Project) 5.000%   8/1/34       3,110      3,362
1 Chester County IDA Local or Guaranteed Housing Revenue (University Student Housing LLC Project) 5.000%   8/1/35       3,265      3,515
1 Chester County IDA Local or Guaranteed Housing Revenue (University Student Housing LLC Project) 5.000%   8/1/36       3,430      3,685
  Chester County IDA Recreational Revenue 4.000%  12/1/38       1,500      1,507
  Chester County IDA Recreational Revenue 4.000%  12/1/40       2,500      2,476
  Chester County IDA Recreational Revenue 4.000%  12/1/41       2,740      2,686
3 Coatesville School District GO 5.000%   8/1/25       4,045      4,085
1 Coatesville School District GO 0.000%  10/1/34       1,530      1,016
1 Coatesville School District GO 0.000%  10/1/36       4,000      2,401
1 Coatesville School District GO 4.250% 11/15/39      10,195     10,288
  Colonial School District GO 5.000%  2/15/36       1,000      1,036
  Colonial School District GO 5.000%  2/15/37       1,015      1,050
  Colonial School District GO 5.000%  2/15/38       1,560      1,612
  Colonial School District GO 5.000%  2/15/39       1,350      1,392
  Commonwealth Financing Authority Appropriations Revenue 5.000%   6/1/26       2,000      2,055
  Commonwealth Financing Authority Appropriations Revenue 5.000%   6/1/27         950        993
  Commonwealth Financing Authority Appropriations Revenue 5.000%   6/1/27       1,000      1,045
  Commonwealth Financing Authority Appropriations Revenue 5.000%   6/1/28       1,000      1,062
  Commonwealth Financing Authority Appropriations Revenue 5.000%   6/1/29       1,000      1,078
  Commonwealth Financing Authority Tobacco Settlement Funded Revenue 5.000%   6/1/26       8,500      8,721
  Commonwealth Financing Authority Tobacco Settlement Funded Revenue 5.000%   6/1/27       3,500      3,657
  Commonwealth Financing Authority Tobacco Settlement Funded Revenue 5.000%   6/1/28      12,235     12,983
  Commonwealth Financing Authority Tobacco Settlement Funded Revenue 5.000%   6/1/29       4,000      4,237
  Commonwealth Financing Authority Tobacco Settlement Funded Revenue 5.000%   6/1/30       3,000      3,175
  Commonwealth Financing Authority Tobacco Settlement Funded Revenue 5.000%   6/1/34       1,875      1,967
  Commonwealth Financing Authority Tobacco Settlement Funded Revenue 5.000%   6/1/35       6,600      6,909
3 Commonwealth Financing Authority Tobacco Settlement Funded Revenue 4.000%   6/1/39       5,000      5,005
  Commonwealth of Pennsylvania GO 5.000%  9/15/25       2,225      2,256
  Commonwealth of Pennsylvania GO 5.000%   1/1/26      38,855     39,644
  Commonwealth of Pennsylvania GO 5.000%   9/1/26      15,000     15,513
  Commonwealth of Pennsylvania GO 5.000%  9/15/26      24,500     25,375
  Commonwealth of Pennsylvania GO 5.000%  9/15/27      15,375     15,901
  Commonwealth of Pennsylvania GO 5.000%   9/1/28      35,000     37,553
  Commonwealth of Pennsylvania GO 5.000%  9/15/28       3,160      3,263
  Commonwealth of Pennsylvania GO 4.000%   1/1/29      25,000     25,395
3 Commonwealth of Pennsylvania GO 4.000%  8/15/30      19,000     19,076
  Commonwealth of Pennsylvania GO 5.000%   9/1/30      35,000     38,798
  Commonwealth of Pennsylvania GO 5.000%   9/1/31      20,390     22,907
  Commonwealth of Pennsylvania GO 5.000%  3/15/32      42,000     42,088
  Commonwealth of Pennsylvania GO 5.000%   9/1/32      25,000     28,439
3 Commonwealth of Pennsylvania GO 4.000%   3/1/33      40,000     40,801
3 Commonwealth of Pennsylvania GO 4.000%   3/1/34      43,000     43,697
  Commonwealth of Pennsylvania GO 3.000%  5/15/34       2,450      2,322
  Commonwealth of Pennsylvania GO 5.000%  10/1/34      22,000     24,867
  Commonwealth of Pennsylvania GO 4.000%  3/15/35      40,255     40,272
  Commonwealth of Pennsylvania GO 3.000%  5/15/35       7,870      7,329
  Commonwealth of Pennsylvania GO 5.000%  10/1/35      32,500     36,629
  Commonwealth of Pennsylvania GO 4.000%   3/1/36      14,000     14,150
  Commonwealth of Pennsylvania GO 3.000%  5/15/36       6,910      6,335
  Commonwealth of Pennsylvania GO 4.000%   3/1/37       8,000      8,065
1 Commonwealth of Pennsylvania GO 4.000%   3/1/37      17,440     17,608
  Commonwealth of Pennsylvania GO 2.000%  5/15/37       1,725      1,367
  Commonwealth of Pennsylvania GO 2.000%  5/15/38      10,000      7,723
  Commonwealth of Pennsylvania GO 2.000%  5/15/39      11,500      8,669
  Commonwealth of Pennsylvania GO 2.000%  5/15/40      28,450     21,015
  Commonwealth of Pennsylvania GO 2.000%  5/15/41      27,600     19,892
  Commonwealth of Pennsylvania GO 4.000%  8/15/41      14,000     13,885
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Commonwealth of Pennsylvania GO 4.000%   9/1/41      13,500     13,415
  Commonwealth of Pennsylvania GO 4.000%   9/1/42      14,695     14,547
  Commonwealth of Pennsylvania GO 4.000%   9/1/43      17,950     17,659
  Conestoga Valley School District GO 4.000%   2/1/32         325        332
  Conestoga Valley School District GO 3.000%   2/1/35       2,115      1,961
  Conestoga Valley School District GO 4.000%   2/1/37       1,130      1,151
  Conestoga Valley School District GO 4.000%   2/1/39         640        645
  Conestoga Valley School District GO 4.000%   2/1/40         750        752
  Council Rock School District GO 2.000%  8/15/40       3,730      2,556
  Council Rock School District GO 2.000%  8/15/41       2,645      1,774
  Cumberland County Municipal Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/30       1,705      1,832
  Cumberland County Municipal Authority Health, Hospital, Nursing Home Revenue 4.000%  11/1/37       2,050      2,053
  Cumberland County Municipal Authority Health, Hospital, Nursing Home Revenue 3.000%  11/1/38       2,000      1,738
  Cumberland County Municipal Authority Health, Hospital, Nursing Home Revenue 4.000%  11/1/44       7,155      6,593
4 Dauphin County General Authority College & University Revenue (The Harrisburg University of Science & Technology Project) 5.000% 10/15/30       2,800      2,466
4 Dauphin County General Authority College & University Revenue (The Harrisburg University of Science & Technology Project) 5.000% 10/15/34       1,900      1,571
4 Dauphin County General Authority College & University Revenue (The Harrisburg University of Science & Technology Project) 5.125% 10/15/41       3,000      2,206
  Dauphin County General Authority Health, Hospital, Nursing Home Revenue (Pinnacle Health System Project) 5.000%   6/1/29       1,525      1,558
  Dauphin County PA GO 5.000% 11/15/41       1,730      1,858
  Dauphin County PA GO 5.000% 11/15/42       3,880      4,141
  Dauphin County PA GO 5.000% 11/15/43       2,000      2,122
  Delaware County Authority College & University Revenue 5.000%  10/1/30       2,400      2,418
  Delaware County Authority College & University Revenue 4.000%  12/1/31       1,000      1,015
  Delaware County PA GO 5.000%   8/1/37         345        384
  Delaware County PA GO 5.000%   8/1/38         460        508
  Delaware County PA GO 5.000%   8/1/42       1,475      1,595
  Delaware County PA GO 5.000%   8/1/43       1,850      1,994
  Delaware County PA GO 5.000%   8/1/44       1,390      1,490
  Delaware County Regional Water Quality Control Authority Sewer Revenue 5.000%   5/1/32       3,270      3,400
  Delaware River Joint Toll Bridge Commission Highway Revenue 5.000%   7/1/30       2,035      2,126
  Delaware River Joint Toll Bridge Commission Highway Revenue 5.000%   7/1/37       3,500      3,615
  Delaware Valley Regional Finance Authority Intergovernmental Agreement Revenue 2.000%  10/1/29       6,100      5,494
  Delaware Valley Regional Finance Authority Intergovernmental Agreement Revenue 4.000%   3/1/35       2,000      2,085
  DuBois Hospital Authority Health, Hospital, Nursing Home Revenue 5.000%  7/15/30         970      1,001
  DuBois Hospital Authority Health, Hospital, Nursing Home Revenue 5.000%  7/15/34       2,950      2,997
  DuBois Hospital Authority Health, Hospital, Nursing Home Revenue 5.000%  7/15/37       1,060      1,075
  DuBois Hospital Authority Health, Hospital, Nursing Home Revenue 5.000%  7/15/38       1,575      1,593
  DuBois Hospital Authority Health, Hospital, Nursing Home Revenue 5.000%  7/15/43       1,250      1,201
  East Lycoming School District GO 4.000%  9/15/37       1,035      1,042
  East Lycoming School District GO 4.000%  9/15/39       1,120      1,125
  East Lycoming School District GO 4.000%  9/15/40       1,000      1,002
  Easton Area School District GO 4.000%   4/1/30       2,300      2,300
  Easton Area School District GO 5.000%   2/1/31       1,580      1,675
  Exeter Township School District GO, Prere. 4.000%  5/15/27       3,090      3,169
1 Fairview School District GO 3.000%  9/15/34         650        606
1 Fairview School District GO 3.000%  9/15/36         500        462
1 Fairview School District GO 3.000%  9/15/37         500        453
1 Fairview School District GO 3.000%  9/15/38       1,000        885
14 Freddie Mac Pool 3.300%   8/1/39      25,822     23,231
1 Gateway School District Alleghany County GO 3.000% 10/15/34       2,430      2,247
1 Gateway School District Alleghany County GO 3.000% 10/15/37       3,030      2,703
1 Gateway School District Alleghany County GO 3.000% 10/15/38       2,585      2,269
1 Gateway School District Alleghany County GO 3.000% 10/15/39       1,245      1,077
  Geisinger Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/35       8,495      9,051
  Geisinger Authority Health, Hospital, Nursing Home Revenue 4.000%   4/1/39      17,175     17,107
  Geisinger Authority Health, Hospital, Nursing Home Revenue PUT 5.000%  2/15/27       3,220      3,311
  Geisinger Authority Health, Hospital, Nursing Home Revenue PUT 5.000%   4/1/30      27,795     29,839
3 Harrisburg School District GO 5.000% 11/15/26       4,560      4,731
3 Harrisburg School District GO 5.000% 11/15/27       1,410      1,487
  Haverford Township School District GO 3.000%   3/1/35       3,925      3,673
3 Hempfield Area School District GO 5.000%  3/15/42      14,000     14,904
  Lackawanna County IDA College & University Revenue 5.000%  11/1/28         800        837
  Lackawanna County IDA College & University Revenue 5.000%  11/1/29         450        470
  Lackawanna County IDA College & University Revenue 5.000%  11/1/30         430        450
  Lancaster County PA Hospital Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/26       6,730      6,943
  Lancaster County PA Hospital Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/28       1,430      1,473
  Lancaster County PA Hospital Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/29       1,385      1,424
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Lancaster County PA Hospital Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/33       3,000      3,073
  Lancaster County PA Hospital Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/34       3,000      3,068
  Lancaster County PA Hospital Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/37         800        839
  Lancaster County PA Hospital Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/38       1,200      1,255
  Lancaster County PA Hospital Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/39       1,250      1,303
  Lancaster County PA Hospital Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/40       2,500      2,598
  Lancaster County PA Hospital Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/41       1,000      1,036
  Lancaster County PA Hospital Authority Health, Hospital, Nursing Home Revenue (St. Anne's Retirement Community Obligated Group) 5.000%   3/1/33       2,635      2,547
  Lancaster Higher Education Authority College & University Revenue (Elizabeth College Project) 5.000%  10/1/31       6,740      6,927
  Lancaster Higher Education Authority College & University Revenue (Elizabeth College Project) 5.000%  10/1/37       3,000      3,030
  Lancaster Higher Education Authority College & University Revenue (Elizabeth College Project) 5.000%  10/1/42       5,000      4,894
1 Lancaster Higher Education Authority College & University Revenue (Harrisburg Area Community College Project) 4.000%  10/1/29         985      1,005
1 Lancaster Higher Education Authority College & University Revenue (Harrisburg Area Community College Project) 4.000%  10/1/30         400        408
1 Lancaster Higher Education Authority College & University Revenue (Harrisburg Area Community College Project) 4.000%  10/1/31         500        509
  Lancaster Municipal Authority Health, Hospital, Nursing Home Revenue (Garden Spot Village Project) 5.000%   5/1/25         215        216
  Lancaster Municipal Authority Health, Hospital, Nursing Home Revenue (Garden Spot Village Project) 5.000%   5/1/26         165        168
  Lancaster Municipal Authority Health, Hospital, Nursing Home Revenue (Garden Spot Village Project) 5.000%   5/1/27         200        206
  Lancaster Municipal Authority Health, Hospital, Nursing Home Revenue (Garden Spot Village Project) 5.000%   5/1/28         200        209
  Lancaster Municipal Authority Health, Hospital, Nursing Home Revenue (Garden Spot Village Project) 5.000%   5/1/29         190        201
  Lancaster Municipal Authority Health, Hospital, Nursing Home Revenue (Garden Spot Village Project) 5.000%   5/1/30         200        213
  Lancaster Municipal Authority Health, Hospital, Nursing Home Revenue (Garden Spot Village Project) 5.000%   5/1/31         210        226
  Lancaster Municipal Authority Health, Hospital, Nursing Home Revenue (Garden Spot Village Project) 5.000%   5/1/32         310        336
  Lancaster Municipal Authority Health, Hospital, Nursing Home Revenue (Garden Spot Village Project) 5.000%   5/1/33         400        437
  Lancaster Municipal Authority Health, Hospital, Nursing Home Revenue (Garden Spot Village Project) 5.000%   5/1/34         425        464
6 Lancaster Municipal Authority Health, Hospital, Nursing Home Revenue (Luthercare Project) 4.000%  12/1/35       1,825      1,833
1 Lancaster PA GO 5.000%  11/1/34       1,890      2,081
  Latrobe IDA College & University Revenue 5.000%   3/1/30         160        165
  Latrobe IDA College & University Revenue 5.000%   3/1/31         200        207
  Latrobe IDA College & University Revenue 4.000%   3/1/35         415        391
  Latrobe IDA College & University Revenue 4.000%   3/1/36         425        397
  Latrobe IDA College & University Revenue 4.000%   3/1/37         245        226
  Latrobe IDA College & University Revenue 4.000%   3/1/38         225        205
  Latrobe IDA College & University Revenue 4.000%   3/1/41         250        218
1 Lehigh County Authority Intergovernmental Agreement Revenue 4.000%  12/1/41       3,655      3,635
1 Lehigh County Authority Intergovernmental Agreement Revenue 4.000%  12/1/42       5,485      5,403
1 Lehigh County Authority Intergovernmental Agreement Revenue 4.000%  12/1/43      10,485     10,240
1 Lehigh County Authority Intergovernmental Agreement Revenue 4.000%  12/1/44       7,000      6,773
  Lehigh County PA Health, Hospital, Nursing Home Revenue 5.000%   7/1/28       2,065      2,176
  Lehigh County PA Health, Hospital, Nursing Home Revenue 5.000%   7/1/36       2,910      3,048
3 Luzerne County IDA Lease Revenue 5.000% 12/15/26         530        538
3 Luzerne County IDA Lease Revenue 5.000% 12/15/27       5,490      5,570
3 Luzerne County PA GO 5.000% 12/15/25         500        510
3 Luzerne County PA GO 5.000% 12/15/25         400        408
3 Luzerne County PA GO 5.000% 12/15/26       1,000      1,035
3 Luzerne County PA GO 5.000% 12/15/26         500        518
3 Luzerne County PA GO 5.000% 12/15/27         500        526
3 Luzerne County PA GO 5.000% 12/15/27         500        526
  Lycoming County Authority College & University Revenue 5.000%  10/1/25       1,085      1,098
  Lycoming County Authority College & University Revenue 5.000%  10/1/26         675        695
  Manheim Central School District GO 4.000%   5/1/36         825        836
  Manheim Central School District GO 4.000%   5/1/37         750        755
  Manheim Central School District GO 4.000%   5/1/38       1,700      1,712
1 Middletown Area School District GO 5.000%   3/1/39       1,670      1,798
  Monroeville Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  2/15/30       2,000      2,181
  Monroeville Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  5/15/30         520        566
  Monroeville Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  2/15/31       1,200      1,324
  Monroeville Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  2/15/32         810        902
  Monroeville Finance Authority Health, Hospital, Nursing Home Revenue 4.000%  2/15/37       1,000      1,007
  Monroeville Finance Authority Health, Hospital, Nursing Home Revenue 4.000%  2/15/41       2,000      1,937
  Montgomery County Higher Education & Health Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/26       2,050      2,099
  Montgomery County Higher Education & Health Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/27       2,165      2,250
  Montgomery County Higher Education & Health Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/28       4,040      4,252
  Montgomery County Higher Education & Health Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/29       7,205      7,575
  Montgomery County Higher Education & Health Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/30       4,000      4,197
  Montgomery County Higher Education & Health Authority Health, Hospital, Nursing Home Revenue 5.000%   5/1/31       1,000      1,086
  Montgomery County Higher Education & Health Authority Health, Hospital, Nursing Home Revenue 4.000%   5/1/36       1,160      1,149
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Montgomery County Higher Education & Health Authority Health, Hospital, Nursing Home Revenue 4.000%   5/1/37       3,000      2,990
  Montgomery County Higher Education & Health Authority Health, Hospital, Nursing Home Revenue 4.000%   5/1/38       2,875      2,847
  Montgomery County Higher Education & Health Authority Health, Hospital, Nursing Home Revenue 4.000%   5/1/39       3,250      3,205
  Montgomery County Higher Education & Health Authority Health, Hospital, Nursing Home Revenue 4.000%   5/1/40       2,170      2,103
  Montgomery County Higher Education & Health Authority Health, Hospital, Nursing Home Revenue 4.000%   5/1/41       3,125      2,982
  Montgomery County Higher Education & Health Authority Health, Hospital, Nursing Home Revenue 4.000%   5/1/42       2,250      2,135
  Montgomery County Higher Education & Health Authority Health, Hospital, Nursing Home Revenue (Thomas Jefferson University Project) 5.000%   9/1/27       2,010      2,089
  Montgomery County Higher Education & Health Authority Health, Hospital, Nursing Home Revenue (Thomas Jefferson University Project) 5.000%   9/1/28       2,020      2,126
  Montgomery County Higher Education & Health Authority Health, Hospital, Nursing Home Revenue (Thomas Jefferson University Project) 5.000%   9/1/29       3,120      3,322
  Montgomery County Higher Education & Health Authority Health, Hospital, Nursing Home Revenue (Thomas Jefferson University Project) 5.000%   9/1/30       1,520      1,615
  Montgomery County Higher Education & Health Authority Health, Hospital, Nursing Home Revenue (Thomas Jefferson University Project) 5.000%   9/1/31       4,500      4,770
  Montgomery County Higher Education & Health Authority Health, Hospital, Nursing Home Revenue (Thomas Jefferson University Project) 5.000%   9/1/33       4,790      5,056
  Montgomery County Higher Education & Health Authority Health, Hospital, Nursing Home Revenue (Thomas Jefferson University Project) 4.000%   9/1/34       3,000      3,009
  Montgomery County Higher Education & Health Authority Health, Hospital, Nursing Home Revenue (Thomas Jefferson University Project) 4.000%   9/1/35       2,000      2,000
  Montgomery County Higher Education & Health Authority Health, Hospital, Nursing Home Revenue (Thomas Jefferson University Project) 4.000%   9/1/36       1,500      1,497
  Montgomery County PA GO 5.000%  10/1/39       6,165      6,745
  Montgomery County PA IDA College & University Revenue (Ursinus College Project) 4.000%  11/1/34       5,125      5,001
  Montgomery County PA IDA Health, Hospital, Nursing Home Revenue (Meadowood Senior Living Program) 5.000%  12/1/27       1,385      1,421
  Montgomery County PA IDA Health, Hospital, Nursing Home Revenue (Meadowood Senior Living Program) 5.000%  12/1/28       1,455      1,492
  Montgomery County PA IDA Health, Hospital, Nursing Home Revenue (Waverly Heights Ltd. Project) 4.000%  12/1/33         400        395
  Montgomery County PA IDA Industrial Revenue 4.100%   6/1/29       6,785      6,939
  Montgomery County PA IDA Industrial Revenue PUT 4.100%   4/3/28      39,865     40,631
3 Montour School District GO 5.000%   4/1/32       3,245      3,283
  Moon IDA Health, Hospital, Nursing Home Revenue 5.625%   7/1/30       5,855      5,129
  Moon IDA Health, Hospital, Nursing Home Revenue 5.750%   7/1/35      10,425      8,310
  Mount Lebanon Hospital Authority Health, Hospital, Nursing Home Revenue (St. Clair Memorial Hospital Project) 5.000%   7/1/32       1,515      1,594
  Mount Lebanon Hospital Authority Health, Hospital, Nursing Home Revenue (St. Clair Memorial Hospital Project) 5.000%   7/1/33       1,145      1,200
  Mount Lebanon Hospital Authority Health, Hospital, Nursing Home Revenue (St. Clair Memorial Hospital Project) 5.000%   7/1/34       1,000      1,047
  Mount Lebanon Hospital Authority Health, Hospital, Nursing Home Revenue (St. Clair Memorial Hospital Project) 5.000%   7/1/35       1,000      1,042
  Mount Lebanon Hospital Authority Health, Hospital, Nursing Home Revenue (St. Clair Memorial Hospital Project) 5.000%   7/1/36       1,250      1,301
  Mount Lebanon Hospital Authority Health, Hospital, Nursing Home Revenue (St. Clair Memorial Hospital Project) 5.000%   7/1/37       2,420      2,501
  North Allegheny School District GO 4.000%   5/1/34       1,020      1,052
  North Allegheny School District GO 4.000%   5/1/35       1,015      1,041
  North Allegheny School District GO 4.000%   5/1/36         760        777
  Northampton County General Purpose Authority College & University Revenue 5.000% 11/15/33       2,000      2,292
  Northampton County General Purpose Authority College & University Revenue 5.000% 11/15/34       7,000      8,087
  Northampton County General Purpose Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/27       3,175      3,262
  Northampton County General Purpose Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/29       5,205      5,334
  Northampton County General Purpose Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/30       7,720      7,911
  Northampton County General Purpose Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/31       8,130      8,325
3 Northampton County General Purpose Authority Health, Hospital, Nursing Home Revenue 4.000%  8/15/42      10,000      9,588
  Northampton County IDA Health, Hospital, Nursing Home Revenue 5.000%  11/1/39       1,195      1,138
  Penn Delco School District GO 3.000%   6/1/32         600        576
  Penn Delco School District GO 3.000%   6/1/33         600        569
  Penn Delco School District GO 3.000%   6/1/34         830        772
3 Pennsylvania Economic Development Financing Authority Auto Parking Revenue 4.000%   1/1/42       1,550      1,494
3 Pennsylvania Economic Development Financing Authority Auto Parking Revenue 4.125%   1/1/43       1,000        969
3 Pennsylvania Economic Development Financing Authority Auto Parking Revenue 4.125%   1/1/44       1,500      1,454
  Pennsylvania Economic Development Financing Authority College & University Revenue (Villanova University Project) 5.000%   8/1/38         700        788
  Pennsylvania Economic Development Financing Authority College & University Revenue (Villanova University Project) 5.000%   8/1/39         700        782
  Pennsylvania Economic Development Financing Authority College & University Revenue (Villanova University Project) 5.000%   8/1/40         700        776
  Pennsylvania Economic Development Financing Authority College & University Revenue (Villanova University Project) 5.000%   8/1/43       1,000      1,092
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Pennsylvania Economic Development Financing Authority College & University Revenue (Villanova University Project) 5.000%   8/1/44       1,325      1,440
  Pennsylvania Economic Development Financing Authority Electric Power & Light Revenue PUT 5.250%   6/1/27       1,000      1,010
  Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/25       2,265      2,265
  Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/26       3,035      3,040
  Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/26       5,300      5,484
  Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/27       4,705      4,712
  Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/27       4,130      4,361
  Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  4/15/28       3,325      3,533
  Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/28      10,015     10,525
  Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/29       6,000      6,005
  Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  2/15/29         350        376
  Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  3/15/29       9,000      9,265
  Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  4/15/29       3,195      3,445
  Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/29       4,270      4,482
  Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  4/15/30       2,500      2,733
  Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  5/15/30         450        492
  Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  5/15/30         525        574
  Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/30       2,200      2,302
  Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/31      12,965     12,975
  Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  2/15/31       1,280      1,413
  Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  4/15/31       2,000      2,179
  Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  5/15/31       5,000      5,526
  Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/31       2,185      2,277
  Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/33      10,000     10,006
  Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  4/15/34       1,840      1,977
  Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue 4.000% 11/15/34       5,000      5,020
  Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 10/15/36       1,300      1,416
  Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue 4.000% 11/15/36       4,000      4,010
  Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue 4.000%  4/15/37       1,700      1,710
  Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue 4.000% 10/15/37       1,400      1,403
  Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue 4.000%  4/15/38       2,000      2,000
  Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue 4.000% 10/15/39       3,550      3,485
  Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue 4.000% 10/15/40       2,950      2,902
  Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue 4.000%  2/15/41       4,195      4,063
  Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue 4.000% 10/15/41       1,300      1,254
  Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue 4.000%  5/15/43       1,195      1,128
  Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue, Prere. 5.000% 11/15/27       3,010      3,190
  Pennsylvania Economic Development Financing Authority Resource Recovery Revenue (Waste Management Inc. Project) PUT 0.950%  12/1/26      12,845     12,234
  Pennsylvania Economic Development Financing Authority Water Revenue (Pennsylvania-American Water Co. Project) 3.000%   4/1/39      10,000      8,583
  Pennsylvania Higher Educational Facilities Authority College & University Revenue 5.000%  11/1/28       1,330      1,335
3 Pennsylvania Higher Educational Facilities Authority College & University Revenue 5.000%   5/1/30       2,250      2,439
3 Pennsylvania Higher Educational Facilities Authority College & University Revenue 5.000%   5/1/31       1,000      1,079
  Pennsylvania Higher Educational Facilities Authority College & University Revenue 5.000%   5/1/31       1,125      1,138
  Pennsylvania Higher Educational Facilities Authority College & University Revenue 5.000%   5/1/32       1,000      1,022
  Pennsylvania Higher Educational Facilities Authority College & University Revenue 4.000%  6/15/32       7,110      7,169
  Pennsylvania Higher Educational Facilities Authority College & University Revenue 4.000%  6/15/33       8,370      8,433
  Pennsylvania Higher Educational Facilities Authority College & University Revenue 5.000%  11/1/36       4,000      4,003
3 Pennsylvania Higher Educational Facilities Authority College & University Revenue 5.000%   5/1/38       9,950     10,491
3 Pennsylvania Higher Educational Facilities Authority College & University Revenue 5.000%   5/1/39       5,640      5,920
  Pennsylvania Higher Educational Facilities Authority College & University Revenue 5.000%  8/15/46       4,000      4,063
  Pennsylvania Higher Educational Facilities Authority College & University Revenue, ETM 4.000%  6/15/32       1,280      1,337
  Pennsylvania Higher Educational Facilities Authority College & University Revenue, ETM 4.000%  6/15/33       1,505      1,574
  Pennsylvania Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/27       2,040      2,144
  Pennsylvania Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/28       1,510      1,582
  Pennsylvania Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/33       1,280      1,330
  Pennsylvania Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%  8/15/34       6,500      6,577
  Pennsylvania Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%  8/15/35       5,000      5,046
  Pennsylvania Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%  8/15/36       1,245      1,264
  Pennsylvania Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%  8/15/37       2,220      2,244
  Pennsylvania Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%  8/15/40       1,225      1,223
  Pennsylvania Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.250%  11/1/40       4,415      4,868
  Pennsylvania Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%  8/15/41       1,585      1,564
  Pennsylvania Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.250%  11/1/41       8,000      8,773
  Pennsylvania Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%  11/1/42       3,575      3,364
  Pennsylvania Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.250%  11/1/43       5,000      5,424
  Pennsylvania Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.250%  11/1/44       6,000      6,473
5 Pennsylvania Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue VRDO 1.600%   2/3/25       2,600      2,600
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue 5.000%  10/1/28         500        531
  Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue 5.000%   4/1/29         100        107
  Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue 5.000%   4/1/29       1,750      1,866
  Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue 5.000%  10/1/29         500        537
  Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue 5.000%   4/1/30       1,750      1,876
  Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue 5.000%  10/1/30       1,500      1,617
  Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue 5.000%   4/1/31       2,200      2,369
  Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue 5.000%  10/1/31       2,110      2,268
  Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue 3.550%  10/1/33       7,415      7,295
  Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue 4.000%  10/1/37      12,000     12,031
  Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue 2.450%  10/1/41      13,500     10,095
  Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue 4.300%  10/1/41       2,440      2,462
  Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue 5.125%  10/1/41      10,665     11,100
  Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue 4.500%  10/1/44      10,000     10,024
  Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue 3.500%  10/1/46         255        255
  Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue 3.000%  10/1/50       8,015      7,880
  Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue 3.000%  10/1/52       3,880      3,759
  Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue 4.250%  10/1/52      10,775     10,903
  Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue 5.000%  10/1/52       6,195      6,400
  Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue 5.500%  10/1/53      31,175     32,844
  Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue 5.750%  10/1/53       9,232      9,788
  Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue 6.250%  10/1/53       7,375      8,022
  Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue 6.000%  10/1/54      10,125     11,010
4,5 Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue TOB VRDO 2.200%   2/3/25       8,997      8,997
  Pennsylvania State University College & University Revenue 5.000%   9/1/28       5,040      5,209
  Pennsylvania State University College & University Revenue 5.000%   9/1/29       5,025      5,192
  Pennsylvania State University College & University Revenue 5.000%   9/1/30       1,800      1,859
  Pennsylvania State University College & University Revenue 5.000%   9/1/30       1,650      1,704
  Pennsylvania State University College & University Revenue 4.000%   9/1/35       1,690      1,701
  Pennsylvania State University College & University Revenue 5.000%   9/1/35       1,350      1,387
  Pennsylvania State University College & University Revenue 5.000%   9/1/35       4,400      4,572
  Pennsylvania State University College & University Revenue 5.000%   9/1/42       5,310      5,872
  Pennsylvania State University College & University Revenue 5.000%   9/1/43       4,640      5,107
  Pennsylvania State University College & University Revenue 5.000%   9/1/44       2,505      2,744
  Pennsylvania Turnpike Commission Highway Revenue 5.000%   6/1/26      35,485     36,464
3 Pennsylvania Turnpike Commission Highway Revenue 5.000%   6/1/26      35,000     36,030
  Pennsylvania Turnpike Commission Highway Revenue 5.000%   6/1/26       3,395      3,497
  Pennsylvania Turnpike Commission Highway Revenue 5.000%   6/1/27       5,275      5,407
  Pennsylvania Turnpike Commission Highway Revenue 5.000%   6/1/27       1,270      1,329
  Pennsylvania Turnpike Commission Highway Revenue 5.000%   6/1/27       5,085      5,321
  Pennsylvania Turnpike Commission Highway Revenue 5.000%  12/1/27       1,230      1,298
  Pennsylvania Turnpike Commission Highway Revenue 5.000%   6/1/28       5,140      5,269
  Pennsylvania Turnpike Commission Highway Revenue 5.000%   6/1/28       1,775      1,855
  Pennsylvania Turnpike Commission Highway Revenue 5.000%   6/1/28       9,365      9,801
  Pennsylvania Turnpike Commission Highway Revenue 5.000%  12/1/28       2,865      2,971
  Pennsylvania Turnpike Commission Highway Revenue 5.000%  12/1/28       1,465      1,547
  Pennsylvania Turnpike Commission Highway Revenue 5.000%  12/1/28       1,000      1,052
  Pennsylvania Turnpike Commission Highway Revenue 5.000%   6/1/29       7,635      7,825
  Pennsylvania Turnpike Commission Highway Revenue 5.000%  12/1/29       1,340      1,412
  Pennsylvania Turnpike Commission Highway Revenue 5.000%  12/1/29       1,330      1,398
  Pennsylvania Turnpike Commission Highway Revenue 5.000%   6/1/30       5,165      5,282
  Pennsylvania Turnpike Commission Highway Revenue 5.000%  12/1/30       2,810      2,961
  Pennsylvania Turnpike Commission Highway Revenue 5.000%  12/1/30       2,820      2,963
  Pennsylvania Turnpike Commission Highway Revenue 5.000%  12/1/30       2,225      2,294
  Pennsylvania Turnpike Commission Highway Revenue 5.000%  12/1/30       6,795      7,031
  Pennsylvania Turnpike Commission Highway Revenue 5.000%  12/1/31       7,070      7,402
  Pennsylvania Turnpike Commission Highway Revenue 5.000%  12/1/31       3,095      3,240
  Pennsylvania Turnpike Commission Highway Revenue 5.000%   6/1/32       3,125      3,254
  Pennsylvania Turnpike Commission Highway Revenue 5.000%   6/1/32      17,500     18,224
  Pennsylvania Turnpike Commission Highway Revenue 5.000%   6/1/32      10,000     11,239
  Pennsylvania Turnpike Commission Highway Revenue 5.000%  12/1/32       3,250      3,521
  Pennsylvania Turnpike Commission Highway Revenue 5.000%  12/1/32       2,000      2,171
  Pennsylvania Turnpike Commission Highway Revenue 5.000%  12/1/32      20,000     22,677
  Pennsylvania Turnpike Commission Highway Revenue 5.000%   6/1/33      12,030     13,649
  Pennsylvania Turnpike Commission Highway Revenue 5.000%  12/1/33       4,500      4,793
  Pennsylvania Turnpike Commission Highway Revenue 5.000%  12/1/33       7,250      7,540
  Pennsylvania Turnpike Commission Highway Revenue 5.000%  12/1/33       2,570      2,673
  Pennsylvania Turnpike Commission Highway Revenue 5.000%   6/1/34       8,500      9,718
  Pennsylvania Turnpike Commission Highway Revenue 5.000%  12/1/34       2,600      2,696
  Pennsylvania Turnpike Commission Highway Revenue 5.000%  12/1/34       1,250      1,371
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Pennsylvania Turnpike Commission Highway Revenue 5.000%  12/1/34       8,305      9,394
  Pennsylvania Turnpike Commission Highway Revenue 5.000%   6/1/35      20,000     22,991
  Pennsylvania Turnpike Commission Highway Revenue 5.000%  12/1/35       2,215      2,291
  Pennsylvania Turnpike Commission Highway Revenue 5.000%  12/1/35       1,250      1,293
  Pennsylvania Turnpike Commission Highway Revenue 5.000%  12/1/35       3,000      3,119
  Pennsylvania Turnpike Commission Highway Revenue 5.000%  12/1/35       1,250      1,367
  Pennsylvania Turnpike Commission Highway Revenue 5.000%  12/1/35       6,695      7,553
  Pennsylvania Turnpike Commission Highway Revenue 5.000%  12/1/35       1,500      1,554
  Pennsylvania Turnpike Commission Highway Revenue 5.000%  12/1/36       3,970      4,096
  Pennsylvania Turnpike Commission Highway Revenue 5.000%  12/1/36       4,000      4,047
  Pennsylvania Turnpike Commission Highway Revenue 5.000%  12/1/36      15,075     16,037
  Pennsylvania Turnpike Commission Highway Revenue 5.000%  12/1/36       1,350      1,473
  Pennsylvania Turnpike Commission Highway Revenue 5.000%  12/1/36       2,000      2,254
  Pennsylvania Turnpike Commission Highway Revenue 5.000%  12/1/36       1,110      1,173
  Pennsylvania Turnpike Commission Highway Revenue 5.000%  12/1/37       6,295      6,478
  Pennsylvania Turnpike Commission Highway Revenue 5.000%  12/1/37      12,640     13,375
  Pennsylvania Turnpike Commission Highway Revenue 5.000%  12/1/37       6,375      6,595
  Pennsylvania Turnpike Commission Highway Revenue 5.000%  12/1/37       2,320      2,519
  Pennsylvania Turnpike Commission Highway Revenue 5.000%  12/1/38       2,000      2,101
  Pennsylvania Turnpike Commission Highway Revenue 5.000%  12/1/38       1,100      1,227
  Pennsylvania Turnpike Commission Highway Revenue 4.000%  12/1/39       2,650      2,673
  Pennsylvania Turnpike Commission Highway Revenue 4.000%  12/1/39       5,800      5,850
  Pennsylvania Turnpike Commission Highway Revenue 4.000%  12/1/39       2,000      2,018
  Pennsylvania Turnpike Commission Highway Revenue 5.000%  12/1/39       5,000      5,387
  Pennsylvania Turnpike Commission Highway Revenue 5.000%  12/1/39       1,370      1,523
  Pennsylvania Turnpike Commission Highway Revenue 4.000%  12/1/40       6,750      6,794
  Pennsylvania Turnpike Commission Highway Revenue 4.000%  12/1/40       2,000      2,014
  Pennsylvania Turnpike Commission Highway Revenue 5.000%  12/1/40       1,000      1,003
  Pennsylvania Turnpike Commission Highway Revenue 5.000%  12/1/40       1,425      1,575
  Pennsylvania Turnpike Commission Highway Revenue 5.000%  12/1/40       4,000      4,456
  Pennsylvania Turnpike Commission Highway Revenue 4.000%  12/1/41       2,000      2,004
  Pennsylvania Turnpike Commission Highway Revenue 4.000%  12/1/41       6,415      6,427
  Pennsylvania Turnpike Commission Highway Revenue 5.000%  12/1/41       1,750      1,924
  Pennsylvania Turnpike Commission Highway Revenue 5.000%  12/1/41       5,290      5,861
  Pennsylvania Turnpike Commission Highway Revenue 5.000%  12/1/41         880        971
  Pennsylvania Turnpike Commission Highway Revenue 3.000%  12/1/42       1,000        842
  Pennsylvania Turnpike Commission Highway Revenue 4.000%  12/1/42       2,540      2,492
  Pennsylvania Turnpike Commission Highway Revenue 5.000%  12/1/42       3,740      4,115
  Pennsylvania Turnpike Commission Highway Revenue 5.000%  12/1/42      11,000     12,103
  Pennsylvania Turnpike Commission Highway Revenue 5.000%  12/1/42       1,770      1,946
  Pennsylvania Turnpike Commission Highway Revenue 4.000%  12/1/43       2,200      2,171
  Pennsylvania Turnpike Commission Highway Revenue 5.000%  12/1/43       1,500      1,563
  Pennsylvania Turnpike Commission Highway Revenue 5.000%  12/1/43       2,950      3,218
  Pennsylvania Turnpike Commission Highway Revenue 5.000%  12/1/43      10,050     10,962
  Pennsylvania Turnpike Commission Highway Revenue 5.000%  12/1/43       1,550      1,695
  Pennsylvania Turnpike Commission Highway Revenue 5.000%  12/1/44       1,000      1,054
  Pennsylvania Turnpike Commission Highway Revenue 5.000%  12/1/44       2,945      3,192
  Pennsylvania Turnpike Commission Oil Franchise Tax & Business License Fees Revenue 5.000%  12/1/26       1,475      1,531
  Pennsylvania Turnpike Commission Oil Franchise Tax & Business License Fees Revenue 4.000%  12/1/38       2,930      2,970
  Pennsylvania Turnpike Commission Oil Franchise Tax & Business License Fees Revenue 4.000%  12/1/39       5,000      5,045
4 Pennsylvania Turnpike Commission Registration Fee Transit Revenue TOB VRDO 2.000%   2/3/25       3,400      3,400
  Philadelphia Gas Works Co. Natural Gas Revenue 5.000%  10/1/25       2,525      2,558
  Philadelphia Gas Works Co. Natural Gas Revenue 5.000%  10/1/26       1,750      1,806
  Philadelphia Gas Works Co. Natural Gas Revenue 5.000%  10/1/29       1,500      1,546
  Philadelphia Gas Works Co. Natural Gas Revenue 5.000%   8/1/30       2,000      2,086
  Philadelphia Gas Works Co. Natural Gas Revenue 5.000%   8/1/31       3,500      3,645
  Philadelphia Gas Works Co. Natural Gas Revenue 5.000%   8/1/31       1,125      1,242
  Philadelphia Gas Works Co. Natural Gas Revenue 5.000%   8/1/31       1,360      1,502
  Philadelphia Gas Works Co. Natural Gas Revenue 5.000%   8/1/32       6,820      7,091
  Philadelphia Gas Works Co. Natural Gas Revenue 5.000%   8/1/32       2,355      2,621
  Philadelphia Gas Works Co. Natural Gas Revenue 5.000%   8/1/32       2,000      2,226
  Philadelphia Gas Works Co. Natural Gas Revenue 5.000%   8/1/33       5,000      5,192
  Philadelphia Gas Works Co. Natural Gas Revenue 5.000%   8/1/33       1,825      2,046
  Philadelphia Gas Works Co. Natural Gas Revenue 5.000%   8/1/33       2,500      2,803
  Philadelphia Gas Works Co. Natural Gas Revenue 5.000%   8/1/34       2,875      2,981
3 Philadelphia Gas Works Co. Natural Gas Revenue 5.000%   8/1/34       2,000      2,167
  Philadelphia Gas Works Co. Natural Gas Revenue 5.000%   8/1/35       1,595      1,652
  Philadelphia Gas Works Co. Natural Gas Revenue 5.000%   8/1/35       4,625      5,232
  Philadelphia Gas Works Co. Natural Gas Revenue 5.000%   8/1/36         770        796
  Philadelphia Gas Works Co. Natural Gas Revenue 5.000%   8/1/37       1,400      1,444
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
3 Philadelphia Gas Works Co. Natural Gas Revenue 5.000%   8/1/39       3,675      3,915
  Philadelphia Gas Works Co. Natural Gas Revenue 5.000%   8/1/39       1,360      1,504
3 Philadelphia Gas Works Co. Natural Gas Revenue 5.000%   8/1/40       3,860      4,088
  Philadelphia Gas Works Co. Natural Gas Revenue 5.000%   8/1/42       2,000      2,169
8 Philadelphia Gas Works Co. Natural Gas Revenue 5.250%   8/1/43       2,140      2,380
  Philadelphia Hospitals & Higher Education Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/25       5,920      5,948
  Philadelphia Hospitals & Higher Education Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/26      15,155     15,374
  Philadelphia Hospitals & Higher Education Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/27       6,885      7,064
  Philadelphia Hospitals & Higher Education Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/28       3,670      3,763
  Philadelphia Hospitals & Higher Education Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/29       1,345      1,377
  Philadelphia Hospitals & Higher Education Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/31       5,000      5,100
  Philadelphia Hospitals & Higher Education Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/32       2,495      2,539
  Philadelphia Hospitals & Higher Education Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/34       7,000      7,106
3 Philadelphia Hospitals & Higher Education Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/36       2,670      2,872
3 Philadelphia Hospitals & Higher Education Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/37       1,000      1,070
3 Philadelphia Hospitals & Higher Education Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%   7/1/39       2,000      1,973
4 Philadelphia IDA Charter School Aid Revenue 4.500%  6/15/34       1,885      1,882
4 Philadelphia IDA Charter School Aid Revenue 5.000%  6/15/39       1,725      1,764
  Philadelphia IDA Charter School Aid Revenue (Alliance for Progress Charter School Inc. Project) 4.000%  6/15/29         650        634
4 Philadelphia IDA Charter School Aid Revenue (Discovery Charter School Inc. Project) 5.000%  4/15/32       2,005      2,017
  Philadelphia IDA Charter School Aid Revenue (Green Woods Charter School Project) 5.000%  6/15/32         340        351
  Philadelphia IDA Charter School Aid Revenue (Green Woods Charter School Project) 5.125%  6/15/42         750        753
  Philadelphia IDA Charter School Aid Revenue (Independence Charter School West Project) 5.000%  6/15/39         750        733
  Philadelphia IDA Charter School Aid Revenue (Master Charter School Project) 5.000%   8/1/30         685        703
  Philadelphia IDA Charter School Aid Revenue (Master Charter School Project) 5.000%   8/1/40         620        625
4 Philadelphia IDA Charter School Aid Revenue (String Theory Charter School Project) 5.000%  6/15/28         420        431
4 Philadelphia IDA Charter School Aid Revenue (String Theory Charter School Project) 5.000%  6/15/29         220        226
4 Philadelphia IDA Charter School Aid Revenue (String Theory Charter School Project) 5.000%  6/15/30         145        149
  Philadelphia IDA College & University Revenue 5.000%   4/1/25       7,925      7,953
  Philadelphia IDA College & University Revenue 5.000%   4/1/27       6,750      6,771
  Philadelphia IDA College & University Revenue 5.000%   4/1/28       3,525      3,536
  Philadelphia IDA College & University Revenue 5.000%  11/1/28       2,455      2,598
  Philadelphia IDA College & University Revenue 5.000%   4/1/29       2,500      2,507
  Philadelphia IDA College & University Revenue 5.000%  11/1/29       2,730      2,925
  Philadelphia IDA College & University Revenue 5.000%  11/1/30       4,275      4,563
  Philadelphia IDA College & University Revenue 5.000%  11/1/31       2,650      2,820
  Philadelphia IDA College & University Revenue 5.000%  11/1/32       2,850      3,022
  Philadelphia IDA College & University Revenue 5.000%   4/1/33       2,705      2,711
  Philadelphia IDA College & University Revenue 5.000%  11/1/33       5,250      5,550
  Philadelphia IDA College & University Revenue 5.000%   4/1/34       3,250      3,257
  Philadelphia IDA College & University Revenue 5.000%   4/1/35       7,135      7,149
  Philadelphia IDA College & University Revenue 4.000%  11/1/35       2,750      2,775
  Philadelphia IDA College & University Revenue 5.000%   4/1/36       1,145      1,147
  Philadelphia IDA College & University Revenue 4.000%  11/1/36       1,875      1,884
  Philadelphia IDA College & University Revenue 4.000%  11/1/39       8,160      8,015
  Philadelphia IDA College & University Revenue 4.000%  11/1/40       8,715      8,483
  Philadelphia IDA College & University Revenue (Holy Family University Project) 5.000%   9/1/28         325        337
  Philadelphia IDA College & University Revenue (Holy Family University Project) 5.000%   9/1/29         340        354
  Philadelphia IDA College & University Revenue (Holy Family University Project) 5.000%   9/1/30         500        524
  Philadelphia IDA College & University Revenue (Holy Family University Project) 5.500%   9/1/37       1,185      1,297
  Philadelphia IDA Government Fund/Grant Revenue 5.000%  11/1/42       2,235      2,253
  Philadelphia IDA Health, Hospital, Nursing Home Revenue 5.000%   7/1/31       1,010      1,051
  Philadelphia IDA Health, Hospital, Nursing Home Revenue 5.000%   7/1/33       1,900      1,971
  Philadelphia IDA Health, Hospital, Nursing Home Revenue 5.000%   7/1/34       3,830      3,964
  Philadelphia IDA Health, Hospital, Nursing Home Revenue 4.000%   7/1/35       2,850      2,861
  Philadelphia IDA Health, Hospital, Nursing Home Revenue 4.000%   7/1/36       6,220      6,238
  Philadelphia IDA Health, Hospital, Nursing Home Revenue 5.000%   9/1/36       3,000      3,069
  Philadelphia IDA Health, Hospital, Nursing Home Revenue 5.000%   9/1/37       5,230      5,343
  Philadelphia IDA Health, Hospital, Nursing Home Revenue VRDO 1.800%   2/3/25       1,800      1,800
  Philadelphia IDA Intergovernmental Agreement Revenue 5.000%   5/1/32       1,250      1,313
  Philadelphia IDA Lease (Appropriation) Revenue (Cultural & Commercial Corridors Program) 5.000%  12/1/31         630        638
  Philadelphia IDA Lease (Non-Terminable) Revenue 5.000%  10/1/28       5,480      5,823
  Philadelphia PA Airport Port, Airport & Marina Revenue 5.000%   7/1/34      10,375     11,218
  Philadelphia PA Airport Port, Airport & Marina Revenue 4.000%   7/1/35       2,450      2,495
  Philadelphia PA Airport Port, Airport & Marina Revenue 4.000%   7/1/35       1,455      1,482
  Philadelphia PA Airport Port, Airport & Marina Revenue 4.000%   7/1/36       1,265      1,282
  Philadelphia PA Airport Port, Airport & Marina Revenue 4.000%   7/1/37       9,000      9,068
  Philadelphia PA Airport Port, Airport & Marina Revenue 4.000%   7/1/38       9,160      9,173
  Philadelphia PA Airport Port, Airport & Marina Revenue 4.000%   7/1/39       2,000      1,985
  Philadelphia PA Airport Port, Airport & Marina Revenue 4.000%   7/1/40       5,000      4,969
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Philadelphia PA GO 5.000%   8/1/29       5,000      5,045
  Philadelphia PA GO 5.000%   8/1/34       2,640      2,749
  Philadelphia PA GO 5.000%   8/1/37       1,370      1,417
  Philadelphia PA GO 4.000%   5/1/38       7,045      7,171
  Philadelphia PA GO 4.000%   5/1/39       1,775      1,796
  Philadelphia PA GO 4.000%   5/1/40      12,800     12,858
  Philadelphia PA Water & Wastewater Water Revenue 5.000%  10/1/26       7,155      7,395
  Philadelphia PA Water & Wastewater Water Revenue 5.000%  11/1/26       1,175      1,216
  Philadelphia PA Water & Wastewater Water Revenue 5.000%  10/1/27       3,875      4,072
  Philadelphia PA Water & Wastewater Water Revenue 5.000%  11/1/27       1,585      1,668
8 Philadelphia PA Water & Wastewater Water Revenue 5.000%   9/1/31      13,285     14,807
8 Philadelphia PA Water & Wastewater Water Revenue 5.000%   9/1/32       7,220      8,130
8 Philadelphia PA Water & Wastewater Water Revenue 5.000%   9/1/33       6,000      6,818
8 Philadelphia PA Water & Wastewater Water Revenue 5.000%   9/1/34       6,880      7,881
  Philadelphia PA Water & Wastewater Water Revenue 5.000%  10/1/34       7,500      8,191
  Philadelphia PA Water & Wastewater Water Revenue 5.000%   6/1/35       1,315      1,464
8 Philadelphia PA Water & Wastewater Water Revenue 5.000%   9/1/35       5,000      5,765
  Philadelphia PA Water & Wastewater Water Revenue 4.000%  10/1/35       4,195      4,267
  Philadelphia PA Water & Wastewater Water Revenue 5.000%  10/1/35      13,390     14,576
  Philadelphia PA Water & Wastewater Water Revenue 5.000%   6/1/36       1,350      1,496
  Philadelphia PA Water & Wastewater Water Revenue 4.000%  10/1/36       3,640      3,692
  Philadelphia PA Water & Wastewater Water Revenue 5.000%  10/1/36      14,075     15,266
  Philadelphia PA Water & Wastewater Water Revenue 5.000%  11/1/36       1,550      1,682
  Philadelphia PA Water & Wastewater Water Revenue 5.000%  10/1/37      12,500     13,500
  Philadelphia PA Water & Wastewater Water Revenue 5.000%  10/1/37         250        262
  Philadelphia PA Water & Wastewater Water Revenue 5.000%  11/1/37       1,770      1,913
  Philadelphia PA Water & Wastewater Water Revenue 4.000%  10/1/38       4,895      4,925
  Philadelphia PA Water & Wastewater Water Revenue 5.000%  10/1/38      13,000     14,019
  Philadelphia PA Water & Wastewater Water Revenue 5.000%  11/1/38       2,200      2,374
  Philadelphia PA Water & Wastewater Water Revenue 5.000%   6/1/39       3,860      4,218
  Philadelphia PA Water & Wastewater Water Revenue 4.000%  10/1/39       5,955      5,964
  Philadelphia PA Water & Wastewater Water Revenue 5.000%  10/1/39       5,000      5,364
  Philadelphia PA Water & Wastewater Water Revenue 5.000%  11/1/39       2,725      2,925
  Philadelphia PA Water & Wastewater Water Revenue 5.000%   6/1/40       4,535      4,937
  Philadelphia PA Water & Wastewater Water Revenue 4.000%  10/1/40       8,465      8,427
  Philadelphia PA Water & Wastewater Water Revenue 5.000%  10/1/40       5,000      5,350
  Philadelphia PA Water & Wastewater Water Revenue 5.000%  11/1/40       6,000      6,423
8 Philadelphia PA Water & Wastewater Water Revenue 5.000%   9/1/41       2,285      2,529
8 Philadelphia PA Water & Wastewater Water Revenue 5.000%   9/1/42       3,150      3,467
8 Philadelphia PA Water & Wastewater Water Revenue 5.000%   9/1/43       2,910      3,184
8 Philadelphia PA Water & Wastewater Water Revenue 5.000%   9/1/44       3,250      3,533
  Philadelphia PA Water & Wastewater Water Revenue 5.000%  11/1/45       1,100      1,153
  Philadelphia Redevelopment Authority Intergovernmental Agreement Revenue 5.000%   9/1/41       2,260      2,437
  Philadelphia Redevelopment Authority Intergovernmental Agreement Revenue 5.000%   9/1/42       2,665      2,861
  Philadelphia Redevelopment Authority Intergovernmental Agreement Revenue 5.000%   9/1/43       1,810      1,934
3 Pittsburgh & Allegheny County Sports & Exhibition Authority Intergovernmental Agreement Revenue 5.000%   2/1/30       6,615      7,162
3 Pittsburgh & Allegheny County Sports & Exhibition Authority Lease (Appropriation) Revenue VRDO 2.220%   2/6/25       2,155      2,155
  Pittsburgh PA GO 5.000%   9/1/41         375        404
  Pittsburgh PA GO 5.000%   9/1/43         525        560
3 Pittsburgh Water & Sewer Authority Water Revenue 5.000%   9/1/31       1,000      1,076
3 Pittsburgh Water & Sewer Authority Water Revenue 5.000%   9/1/32         550        590
3 Pittsburgh Water & Sewer Authority Water Revenue 5.000%   9/1/35       1,755      1,865
3 Pittsburgh Water & Sewer Authority Water Revenue 5.000%   9/1/36       2,000      2,119
3 Pittsburgh Water & Sewer Authority Water Revenue 5.000%   9/1/37       2,275      2,402
3 Pittsburgh Water & Sewer Authority Water Revenue 5.000%   9/1/38       2,250      2,366
3 Pittsburgh Water & Sewer Authority Water Revenue 5.000%   9/1/39       2,000      2,095
3 Pittsburgh Water & Sewer Authority Water Revenue 5.000%   9/1/44       2,960      3,068
3,4 Pittsburgh Water & Sewer Authority Water Revenue TOB VRDO 2.020%   2/3/25      31,815     31,815
3 Reading School District GO 5.000%   3/1/26       1,235      1,263
3 Reading School District GO 5.000%   3/1/36       1,250      1,284
1 Ridley School District GO 3.000% 11/15/38       3,820      3,490
3 River Valley PA School District GO 4.000%  3/15/29       1,470      1,516
3 River Valley PA School District GO 4.000%  3/15/30       1,610      1,670
3 River Valley PA School District GO 4.000%  3/15/32       1,740      1,796
3 River Valley PA School District GO 4.000%  3/15/34       1,880      1,932
3 River Valley PA School District GO 4.000%  3/15/35       1,955      2,004
  Rose Tree Media School District GO 5.000%   4/1/26       2,990      3,064
  Rose Tree Media School District GO 5.000%   4/1/27       1,830      1,876
  Rose Tree Media School District GO 5.000%   4/1/28       1,690      1,733
  Rose Tree Media School District GO 5.000%   4/1/29         700        717
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
1 School District of Philadelphia GO 5.000%   9/1/25      19,955     20,183
  School District of Philadelphia GO 5.000%   9/1/26       2,295      2,321
  School District of Philadelphia GO 5.000%   9/1/26       6,925      7,134
  School District of Philadelphia GO 5.000%   9/1/29       2,010      2,155
  School District of Philadelphia GO 5.000%   9/1/30       3,225      3,458
  School District of Philadelphia GO 5.000%   9/1/31       4,100      4,383
  School District of Philadelphia GO 5.000%   9/1/32       2,100      2,118
  School District of Philadelphia GO 5.000%   9/1/32       5,485      5,849
  School District of Philadelphia GO 5.000%   9/1/33       1,500      1,595
  School District of Philadelphia GO 4.000%   9/1/36       2,960      3,001
  School District of Philadelphia GO 5.000%   9/1/36       1,000      1,043
  School District of Philadelphia GO 5.250%   9/1/36       1,000      1,121
  School District of Philadelphia GO 5.000%   9/1/37       1,000      1,040
  School District of Philadelphia GO 5.250%   9/1/37       2,000      2,255
  School District of Philadelphia GO 5.250%   9/1/38       1,400      1,572
  School District of Philadelphia GO 4.000%   9/1/39       4,520      4,523
  School District of Philadelphia GO 5.250%   9/1/39       5,000      5,582
  School District of Philadelphia GO 5.250%   9/1/39       2,170      2,422
  School District of Philadelphia GO 5.250%   9/1/40      11,665     12,952
  School District of Philadelphia GO 5.250%   9/1/40       2,285      2,537
  School District of Philadelphia GO 5.000%   9/1/44       2,000      2,068
  Scranton PA School District GO 5.000%   6/1/25       2,500      2,515
  Scranton PA School District GO 5.000%  12/1/30       1,640      1,750
  Scranton PA School District GO 5.000%  12/1/31       1,730      1,850
  Scranton PA School District GO 4.000%  12/1/41       1,750      1,711
  Scranton PA School District GO 4.125%  12/1/43       1,450      1,408
  Scranton-Lackawanna Health & Welfare Authority College & University Revenue 5.000%  11/1/29       1,000      1,022
  Scranton-Lackawanna Health & Welfare Authority College & University Revenue 5.000%  11/1/30       1,145      1,170
  Scranton-Lackawanna Health & Welfare Authority College & University Revenue 5.000%  11/1/31       1,055      1,077
19 Shaler Area PA School District GO 0.000%   9/1/31       5,000      3,858
19 Shaler Area PA School District GO 0.000%   9/1/32       6,195      4,572
  Snyder County Higher Education Authority College & University Revenue (Susquehanna University Project) 5.000%   1/1/26         880        893
  Southcentral Pennsylvania General Authority Health, Hospital, Nursing Home Revenue VRDO 1.650%   2/3/25       2,500      2,500
  St. Mary Hospital Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/28       1,750      1,837
1 State Public School Building Authority College & University Revenue (Delaware County Community College Project) 5.000%  10/1/26       3,445      3,455
1 State Public School Building Authority College & University Revenue (Delaware County Community College Project) 5.000%  10/1/34         790        857
1 State Public School Building Authority College & University Revenue (Delaware County Community College Project) 4.000%  10/1/39       1,000        995
1 State Public School Building Authority College & University Revenue (Delaware County Community College Project) 4.000%  10/1/40       1,000        983
3 State Public School Building Authority Lease (Non-Terminable) Revenue 5.000%   6/1/26      31,500     32,319
3 State Public School Building Authority Lease (Non-Terminable) Revenue 5.000%   6/1/27      15,000     15,659
3 State Public School Building Authority Lease (Non-Terminable) Revenue 5.000%   6/1/32       8,440      8,709
3 State Public School Building Authority Lease (Non-Terminable) Revenue 5.000%   6/1/33       8,400      8,660
  State Public School Building Authority Lease (Non-Terminable) Revenue 5.000%   6/1/36       5,895      6,044
3 State Public School Building Authority Lease Revenue 5.000%   6/1/27         600        620
  Swarthmore Borough Authority College & University Revenue 5.000%  9/15/35       3,195      3,383
  Swarthmore Borough Authority College & University Revenue 5.000%  9/15/36       3,360      3,550
  Swarthmore Borough Authority College & University Revenue 5.000%  9/15/37       2,530      2,666
  Swarthmore Borough Authority College & University Revenue 4.000%  9/15/38       2,055      2,101
  Swarthmore Borough Authority College & University Revenue 5.000%  9/15/38       2,460      2,587
  Swarthmore Borough Authority College & University Revenue 4.000%  9/15/39       3,245      3,293
  Swarthmore Borough Authority College & University Revenue 5.000%  9/15/40       1,930      2,130
3 Trinity Area School District GO 4.000%  11/1/37         600        608
3 Trinity Area School District GO 4.000%  11/1/38       1,735      1,749
3 Trinity Area School District GO 4.000%  11/1/39       1,750      1,757
  Twin Valley School District GO 3.000%   4/1/28       1,000        994
  Twin Valley School District GO 3.000%   4/1/29         500        492
  Twin Valley School District GO 3.000%   4/1/30       1,150      1,123
  Twin Valley School District GO 3.000%   4/1/31       1,200      1,186
  Twin Valley School District GO 3.000%   4/1/32       1,100      1,070
  Twin Valley School District GO 3.000%   4/1/33       1,250      1,204
  University of Pittsburgh-of the Commonwealth System of Higher Education College & University Revenue 5.000%  2/15/29      12,620     13,642
  West Cornwall Township Municipal Authority Health, Hospital, Nursing Home Revenue 4.000% 12/15/28       1,120      1,096
  West Cornwall Township Municipal Authority Health, Hospital, Nursing Home Revenue 5.000% 12/15/38       5,945      5,980
1 Westmoreland County Municipal Authority Water Revenue 4.000%  8/15/34       5,000      5,053
  Westmoreland County PA IDA Health, Hospital, Nursing Home Revenue 4.000%  5/15/26         650        644
  Westmoreland County PA IDA Health, Hospital, Nursing Home Revenue 4.000%  5/15/27         675        665
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Westmoreland County PA IDA Health, Hospital, Nursing Home Revenue 4.000%  5/15/28         700        685
  Westmoreland County PA IDA Health, Hospital, Nursing Home Revenue 4.000%  5/15/29       1,460      1,421
  Westmoreland County PA IDA Health, Hospital, Nursing Home Revenue 4.000%  5/15/30       1,520      1,464
  Westmoreland County PA IDA Health, Hospital, Nursing Home Revenue 4.000%  5/15/31       1,580      1,506
  Westmoreland County PA IDA Health, Hospital, Nursing Home Revenue 4.000%  5/15/41       6,110      5,169
  Westmoreland County PA IDA Health, Hospital, Nursing Home Revenue (Excela Health Project) 4.000%   7/1/25         230        230
  Westmoreland County PA IDA Health, Hospital, Nursing Home Revenue (Excela Health Project) 4.000%   7/1/26         345        345
  Westmoreland County PA IDA Health, Hospital, Nursing Home Revenue (Excela Health Project) 5.000%   7/1/27         330        339
  Westmoreland County PA IDA Health, Hospital, Nursing Home Revenue (Excela Health Project) 5.000%   7/1/28         400        414
  Westmoreland County PA IDA Health, Hospital, Nursing Home Revenue (Excela Health Project) 5.000%   7/1/29         700        728
  Westmoreland County PA IDA Health, Hospital, Nursing Home Revenue (Excela Health Project) 5.000%   7/1/30         550        575
  Westmoreland County PA IDA Health, Hospital, Nursing Home Revenue (Excela Health Project) 4.000%   7/1/37       1,400      1,322
1 William Penn School District GO 4.000% 11/15/29       2,140      2,233
1 William Penn School District GO 3.000% 11/15/39       1,000        884
1 Woodland Hills School District GO 4.000%   9/1/36       1,290      1,304
1 Woodland Hills School District GO 4.000%   9/1/37       1,340      1,351
1 Woodland Hills School District GO 4.000%   9/1/38       1,395      1,409
1 Woodland Hills School District GO 4.000%   9/1/39       1,455      1,463
  York County PA IDA Industrial Revenue (Philadelphia Electric Co. Project) PUT 4.100%   4/3/28       4,405      4,489
                                   3,513,154
Puerto Rico (1.4%)
  Commonwealth of Puerto Rico GO 5.375%   7/1/25      19,911     20,038
  Commonwealth of Puerto Rico GO 5.625%   7/1/27      81,194     84,641
  Commonwealth of Puerto Rico GO 5.625%   7/1/29      98,044    105,206
  Commonwealth of Puerto Rico GO 5.750%   7/1/31      60,667     67,218
  Commonwealth of Puerto Rico GO 0.000%   7/1/33      78,126     54,418
  Commonwealth of Puerto Rico GO 4.000%   7/1/33      96,237     95,696
  Commonwealth of Puerto Rico GO 4.000%   7/1/35      31,163     30,863
  Commonwealth of Puerto Rico GO 4.000%   7/1/37       8,049      7,866
  Commonwealth of Puerto Rico GO 4.000%   7/1/41      20,938     19,778
4 Puerto Rico Commonwealth Aqueduct & Sewer Authority Water Revenue 5.000%   7/1/25       6,455      6,484
4 Puerto Rico Commonwealth Aqueduct & Sewer Authority Water Revenue 5.000%   7/1/25       2,055      2,064
4 Puerto Rico Commonwealth Aqueduct & Sewer Authority Water Revenue 5.000%   7/1/28       8,600      8,933
4 Puerto Rico Commonwealth Aqueduct & Sewer Authority Water Revenue 5.000%   7/1/29       5,150      5,387
4 Puerto Rico Commonwealth Aqueduct & Sewer Authority Water Revenue 5.000%   7/1/29       2,295      2,400
4 Puerto Rico Commonwealth Aqueduct & Sewer Authority Water Revenue 5.000%   7/1/30      27,115     28,494
4 Puerto Rico Commonwealth Aqueduct & Sewer Authority Water Revenue 5.000%   7/1/33      19,135     20,199
4 Puerto Rico Commonwealth Aqueduct & Sewer Authority Water Revenue 5.000%   7/1/33      24,150     25,776
4 Puerto Rico Commonwealth Aqueduct & Sewer Authority Water Revenue 5.000%   7/1/35      19,000     19,764
4 Puerto Rico Commonwealth Aqueduct & Sewer Authority Water Revenue 5.000%   7/1/37      15,545     16,180
4 Puerto Rico Commonwealth Aqueduct & Sewer Authority Water Revenue 5.000%   7/1/37       1,250      1,301
4 Puerto Rico Commonwealth Aqueduct & Sewer Authority Water Revenue 5.000%   7/1/37      14,525     15,198
4 Puerto Rico Commonwealth Aqueduct & Sewer Authority Water Revenue 4.000%   7/1/42      12,940     12,084
4 Puerto Rico Commonwealth Aqueduct & Sewer Authority Water Revenue 4.000%   7/1/42       5,595      5,218
  Puerto Rico Housing Finance Authority Lease (Appropriation) Revenue (Puerto Rico Public Housing Project) 5.000%  12/1/27       4,735      4,957
  Puerto Rico Housing Finance Authority Local or Guaranteed Housing Revenue (Mirador Las Casas Project) PUT 5.000%   3/1/26       1,420      1,447
  Puerto Rico Industrial Tourist Educational Medical & Environmental Control Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/28       1,115      1,165
  Puerto Rico Industrial Tourist Educational Medical & Environmental Control Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/29         225        238
  Puerto Rico Industrial Tourist Educational Medical & Environmental Control Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/30       1,150      1,227
  Puerto Rico Industrial Tourist Educational Medical & Environmental Control Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/31         995      1,071
  Puerto Rico Industrial Tourist Educational Medical & Environmental Control Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/33       1,195      1,272
  Puerto Rico Industrial Tourist Educational Medical & Environmental Control Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/34         385        408
  Puerto Rico Industrial Tourist Educational Medical & Environmental Control Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/35          45         47
  Puerto Rico Industrial Tourist Educational Medical & Environmental Control Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%   7/1/36         235        221
  Puerto Rico Industrial Tourist Educational Medical & Environmental Control Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%   7/1/37         325        304
  Puerto Rico Industrial Tourist Educational Medical & Environmental Control Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%   7/1/38         225        209
  Puerto Rico Industrial Tourist Educational Medical & Environmental Control Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%   7/1/39          45         42
  Puerto Rico Industrial Tourist Educational Medical & Environmental Control Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%   7/1/40         230        211
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Puerto Rico Industrial Tourist Educational Medical & Environmental Control Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%   7/1/41          45         41
  Puerto Rico Industrial Tourist Educational Medical & Environmental Control Facilities Financing Authority Special Assessment Revenue(Hospital De Louisiana Concepcion Project), Prere. 3.550% 11/15/26       3,880      3,905
3,8 Puerto Rico Public Finance Corp. Miscellaneous Revenue, ETM 6.000%   8/1/26       1,000      1,042
  Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue 0.000%   7/1/27      27,622     25,387
  Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue 0.000%   7/1/29      46,418     39,736
  Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue 0.000%   7/1/31      28,416     22,449
  Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue 0.000%   7/1/33      28,369     20,642
  Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue 4.329%   7/1/40     241,423    239,234
  Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue 4.329%   7/1/40      19,223     19,049
  Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue 4.329%   7/1/40       8,165      8,091
  Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue 0.000%   7/1/46       5,130      1,677
                                   1,049,278
Rhode Island (0.3%)
  Narragansett Bay Commission Sewer Revenue, Prere. 5.000%   2/1/25      11,000     11,000
3 Providence Public Building Authority Lease (Appropriation) Revenue 5.000%  9/15/36       5,000      5,235
3 Providence Public Building Authority Lease (Appropriation) Revenue 5.000%  9/15/37       3,000      3,117
8 Providence Public Building Authority Lease (Appropriation) Revenue (Capital Improvement Program Projects) 5.000%  9/15/31         700        770
8 Providence Public Building Authority Lease (Appropriation) Revenue (Capital Improvement Program Projects) 5.000%  9/15/32       1,250      1,386
8 Providence Public Building Authority Lease (Appropriation) Revenue (Capital Improvement Program Projects) 5.000%  9/15/34       1,325      1,489
8 Providence Public Building Authority Lease (Appropriation) Revenue (Capital Improvement Program Projects) 5.000%  9/15/35       1,900      2,132
8 Providence Public Building Authority Lease (Appropriation) Revenue (Capital Improvement Program Projects) 5.000%  9/15/36       2,570      2,871
8 Providence Public Building Authority Lease (Appropriation) Revenue (Capital Improvement Program Projects) 5.000%  9/15/37       1,250      1,388
8 Providence Public Building Authority Lease (Appropriation) Revenue (Capital Improvement Program Projects) 5.000%  9/15/38       1,500      1,657
8 Providence Public Building Authority Lease (Appropriation) Revenue (Capital Improvement Program Projects) 5.000%  9/15/39       1,500      1,649
8 Providence Public Building Authority Lease (Appropriation) Revenue (Capital Improvement Program Projects) 5.250%  9/15/41       1,000      1,103
8 Providence Public Building Authority Lease (Appropriation) Revenue (Capital Improvement Program Projects) 5.250%  9/15/42       1,275      1,399
8 Providence Public Building Authority Lease (Appropriation) Revenue (Capital Improvement Program Projects) 5.250%  9/15/43       1,000      1,092
  Rhode Island Commerce Corp. Port, Airport & Marina Revenue 5.000%   7/1/28         515        525
  Rhode Island Commerce Corp. Port, Airport & Marina Revenue 5.000%   7/1/32         650        660
  Rhode Island Commerce Corp. Port, Airport & Marina Revenue 5.000%   7/1/35       1,575      1,596
  Rhode Island GO 3.000%   5/1/32       8,170      7,928
  Rhode Island GO 3.000%   5/1/33       8,420      8,115
  Rhode Island Health & Educational Building Corp. College & University Revenue 5.000%  9/15/27       2,000      2,062
  Rhode Island Health & Educational Building Corp. College & University Revenue 5.000%  11/1/31         400        443
  Rhode Island Health & Educational Building Corp. College & University Revenue 5.000%  8/15/33         450        477
  Rhode Island Health & Educational Building Corp. College & University Revenue 5.000%  11/1/33         440        486
  Rhode Island Health & Educational Building Corp. College & University Revenue 5.000%  11/1/34         100        110
  Rhode Island Health & Educational Building Corp. College & University Revenue 5.000%  11/1/34         465        511
  Rhode Island Health & Educational Building Corp. College & University Revenue 5.000%  11/1/35         500        548
  Rhode Island Health & Educational Building Corp. College & University Revenue 4.000%  11/1/37         675        687
  Rhode Island Health & Educational Building Corp. College & University Revenue 5.000%  11/1/38         400        433
  Rhode Island Health & Educational Building Corp. College & University Revenue 5.000%  11/1/39         770        830
  Rhode Island Health & Educational Building Corp. College & University Revenue 4.000%  11/1/40         805        808
  Rhode Island Health & Educational Building Corp. Health, Hospital, Nursing Home Revenue 5.000%  5/15/25       4,500      4,518
  Rhode Island Health & Educational Building Corp. Health, Hospital, Nursing Home Revenue 5.000%   9/1/25       5,000      5,011
  Rhode Island Health & Educational Building Corp. Health, Hospital, Nursing Home Revenue 5.000%  5/15/26       2,000      2,036
  Rhode Island Health & Educational Building Corp. Health, Hospital, Nursing Home Revenue 5.000%   9/1/26       5,000      5,033
  Rhode Island Health & Educational Building Corp. Health, Hospital, Nursing Home Revenue 5.000%   9/1/31       3,000      3,012
  Rhode Island Health & Educational Building Corp. Health, Hospital, Nursing Home Revenue 5.000%  5/15/34      10,000     11,077
  Rhode Island Health & Educational Building Corp. Health, Hospital, Nursing Home Revenue 4.000%  5/15/36       1,000        963
  Rhode Island Health & Educational Building Corp. Health, Hospital, Nursing Home Revenue 5.000%  5/15/36       1,950      2,128
  Rhode Island Health & Educational Building Corp. Health, Hospital, Nursing Home Revenue 5.000%  5/15/39       1,900      2,041
  Rhode Island Health & Educational Building Corp. Health, Hospital, Nursing Home Revenue 5.000%  5/15/40       1,000      1,065
  Rhode Island Health & Educational Building Corp. Health, Hospital, Nursing Home Revenue 5.000%  5/15/42       1,215      1,281
  Rhode Island Health & Educational Building Corp. Health, Hospital, Nursing Home Revenue 5.000%  5/15/44       1,100      1,150
  Rhode Island Health & Educational Building Corp. Intergovernmental Agreement Revenue 5.000%  5/15/32         500        557
  Rhode Island Health & Educational Building Corp. Intergovernmental Agreement Revenue 5.000%  5/15/33         500        561
1 Rhode Island Health & Educational Building Corp. Intergovernmental Agreement Revenue 4.000%  5/15/35       3,000      3,091
  Rhode Island Health & Educational Building Corp. Intergovernmental Agreement Revenue 5.000%  5/15/35         730        820
  Rhode Island Health & Educational Building Corp. Intergovernmental Agreement Revenue 5.000%  5/15/36         800        895
1 Rhode Island Health & Educational Building Corp. Intergovernmental Agreement Revenue 4.000%  5/15/37       3,480      3,553
  Rhode Island Health & Educational Building Corp. Intergovernmental Agreement Revenue 5.000%  5/15/37       1,205      1,342
  Rhode Island Health & Educational Building Corp. Intergovernmental Agreement Revenue 5.000%  5/15/38       1,300      1,439
  Rhode Island Health & Educational Building Corp. Intergovernmental Agreement Revenue 3.000%  5/15/39       1,090        956
1 Rhode Island Health & Educational Building Corp. Intergovernmental Agreement Revenue 4.000%  5/15/39       5,000      5,025
  Rhode Island Health & Educational Building Corp. Intergovernmental Agreement Revenue 5.000%  5/15/39         800        879
  Rhode Island Health & Educational Building Corp. Intergovernmental Agreement Revenue 5.000%  5/15/40       1,400      1,529
1 Rhode Island Health & Educational Building Corp. Intergovernmental Agreement Revenue 4.000%  5/15/41       2,500      2,492
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Rhode Island Health & Educational Building Corp. Intergovernmental Agreement Revenue 5.000%  5/15/41       1,500      1,629
  Rhode Island Health & Educational Building Corp. Intergovernmental Agreement Revenue 4.000%  5/15/42       3,195      3,117
  Rhode Island Health & Educational Building Corp. Intergovernmental Agreement Revenue 5.000%  5/15/42       1,535      1,659
  Rhode Island Health & Educational Building Corp. Intergovernmental Agreement Revenue 4.000%  5/15/43       3,340      3,231
  Rhode Island Health & Educational Building Corp. Intergovernmental Agreement Revenue 5.000%  5/15/43       1,100      1,184
  Rhode Island Health & Educational Building Corp. Intergovernmental Agreement Revenue 4.000%  5/15/44       2,985      2,856
  Rhode Island Health & Educational Building Corp. Intergovernmental Agreement Revenue 5.000%  5/15/44       1,130      1,211
  Rhode Island Health & Educational Building Corp. Lease (Non-Terminable) Revenue 4.000%  5/15/33       2,125      2,206
  Rhode Island Health & Educational Building Corp. Lease (Non-Terminable) Revenue 4.000%  5/15/34       3,355      3,463
  Rhode Island Health & Educational Building Corp. Lease (Non-Terminable) Revenue 4.000%  5/15/35       2,685      2,754
  Rhode Island Health & Educational Building Corp. Lease (Non-Terminable) Revenue 4.000%  5/15/36       2,870      2,928
  Rhode Island Health & Educational Building Corp. Lease (Non-Terminable) Revenue 4.000%  5/15/38       5,500      5,529
  Rhode Island Health & Educational Building Corp. Lease (Non-Terminable) Revenue 4.000%  5/15/39       8,430      8,440
  Rhode Island Health & Educational Building Corp. Lease (Non-Terminable) Revenue 4.000%  5/15/40       1,230      1,225
  Rhode Island Health & Educational Building Corp. Lease (Non-Terminable) Revenue 4.000%  5/15/41       3,000      2,955
  Rhode Island Health & Educational Building Corp. Private Schools Revenue (St. Georges School Project) 4.000%  10/1/39       1,375      1,374
  Rhode Island Health & Educational Building Corp. Private Schools Revenue (St. Georges School Project) 4.000%  10/1/40       1,435      1,423
  Rhode Island Housing & Mortgage Finance Corp. Local or Guaranteed Housing Revenue 5.000%   4/1/44         750        783
  Rhode Island Housing & Mortgage Finance Corp. Local or Guaranteed Housing Revenue 4.000%  10/1/48       1,800      1,807
  Rhode Island Housing & Mortgage Finance Corp. Local or Guaranteed Housing Revenue 3.750%  10/1/49       2,405      2,402
  Rhode Island Housing & Mortgage Finance Corp. Local or Guaranteed Housing Revenue 3.000%  10/1/50      11,730     11,510
  Rhode Island Housing & Mortgage Finance Corp. Local or Guaranteed Housing Revenue 3.000%  10/1/51       5,650      5,519
                                     194,166
South Carolina (1.3%)
  Charleston County Airport District Port, Airport & Marina Revenue 5.000%   7/1/34       1,000      1,068
  Charleston County Airport District Port, Airport & Marina Revenue 5.000%   7/1/35         750        798
  Charleston County Airport District Port, Airport & Marina Revenue 5.000%   7/1/36       1,140      1,211
  Charleston County Airport District Port, Airport & Marina Revenue 5.000%   7/1/37         905        959
  Charleston County Airport District Port, Airport & Marina Revenue 5.000%   7/1/38         800        845
  Charleston County Airport District Port, Airport & Marina Revenue, Prere. 5.000%   7/1/29         620        672
  Charleston County Airport District Port, Airport & Marina Revenue, Prere. 5.000%   7/1/29       1,200      1,301
  Charleston County SC GO 5.000%  11/1/25       2,660      2,705
  Charleston County SC GO 4.000%  11/1/34       7,410      7,515
  Charleston Housing Authority SC Local or Guaranteed Housing Revenue 5.000%  12/1/41       3,900      3,880
  Charleston SC Hospitality Tax Miscellaneous Taxes Revenue 5.000%   9/1/29         675        736
  Columbia SC Waterworks & Sewer System Water Revenue 4.000%   2/1/30       1,000      1,014
  Columbia SC Waterworks & Sewer System Water Revenue 4.000%   2/1/31       1,060      1,075
  Dorchester County SC Special Assessment Revenue 4.500%  10/1/33         415        411
  Dorchester County SC Waterworks & Sewer System Water Revenue 5.000%  10/1/32         450        512
  Dorchester County SC Waterworks & Sewer System Water Revenue 5.000%  10/1/33         460        529
  Dorchester County SC Waterworks & Sewer System Water Revenue 4.000%  10/1/42         250        247
  Dorchester County SC Waterworks & Sewer System Water Revenue 4.000%  10/1/43         250        246
  Dorchester County SC Waterworks & Sewer System Water Revenue 4.000%  10/1/44         300        294
  Florence County SC Intergovernmental Agreement Revenue 5.000%   6/1/28       5,000      5,337
  Florence SC Combined Waterworks & Sewerage System Water Revenue 3.000%   9/1/33       4,120      3,888
  Fort Mill School District No. 4 GO 3.125%   3/1/33       5,155      4,960
  Greenville County SC Miscellaneous Revenue 4.000%   4/1/34         650        675
  Greenville County SC Miscellaneous Revenue 4.000%   4/1/35         650        671
  Greenville County SC Miscellaneous Revenue 4.000%   4/1/36         600        616
  Greenville County SC Miscellaneous Revenue 4.000%   4/1/37         600        613
  Greenville County SC Miscellaneous Revenue 4.000%   4/1/39         750        754
  Greenville County SC Miscellaneous Revenue 3.000%   4/1/40       1,000        852
  Greenville SC Housing Authority Local or Guaranteed Housing Revenue (Cherokee Landing Apartments Project) 4.910%   7/1/43       2,400      2,464
  Greenwood County SC Health, Hospital, Nursing Home Revenue 5.000%  10/1/31         850        932
  Greenwood County SC Health, Hospital, Nursing Home Revenue 5.000%  10/1/32       3,190      3,461
  Greenwood County SC Health, Hospital, Nursing Home Revenue 5.000%  10/1/33       1,140      1,233
  Greenwood County SC Health, Hospital, Nursing Home Revenue 4.000%  10/1/34         920        941
  Greenwood County SC Health, Hospital, Nursing Home Revenue 4.000%  10/1/35       5,010      5,063
  Greenwood County SC Health, Hospital, Nursing Home Revenue 4.000%  10/1/35         940        959
  Greenwood County SC Health, Hospital, Nursing Home Revenue 4.000%  10/1/36       4,030      4,065
  Greenwood County SC Health, Hospital, Nursing Home Revenue 4.000%  10/1/36         155        158
  Greenwood County SC Health, Hospital, Nursing Home Revenue 4.000%  10/1/41       6,830      6,686
  Greenwood County SC Health, Hospital, Nursing Home Revenue 4.000%  10/1/42       6,425      6,250
  Horry County SC School District GO 5.000%   3/1/28      10,120     10,787
  Horry County SC School District GO 5.000%   3/1/30      11,230     12,376
  Kershaw County Public Schools Foundation Lease (Appropriation) Revenue 5.000%  12/1/25       1,105      1,122
  Kershaw County SC School District GO 5.000%   3/1/29       8,210      8,627
  Lancaster County Public Facilities Corp. Intergovernmental Agreement Revenue (Lancaster County Project) 5.000%   6/1/31         800        882
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Lancaster County Public Facilities Corp. Intergovernmental Agreement Revenue (Lancaster County Project) 5.000%   6/1/32       1,000      1,097
  Lancaster County Public Facilities Corp. Intergovernmental Agreement Revenue (Lancaster County Project) 5.000%   6/1/33       1,100      1,204
  Lancaster County Public Facilities Corp. Intergovernmental Agreement Revenue (Lancaster County Project) 5.000%   6/1/34       1,125      1,226
  Lancaster County Public Facilities Corp. Intergovernmental Agreement Revenue (Lancaster County Project) 5.000%   6/1/35         650        706
  Lancaster County Public Facilities Corp. Intergovernmental Agreement Revenue (Lancaster County Project) 5.000%   6/1/36         875        949
  Lancaster County Public Facilities Corp. Intergovernmental Agreement Revenue (Lancaster County Project) 5.000%   6/1/37       1,175      1,267
  Lancaster County Public Facilities Corp. Intergovernmental Agreement Revenue (Lancaster County Project) 5.000%   6/1/39       1,100      1,176
  Lancaster County Public Facilities Corp. Intergovernmental Agreement Revenue (Lancaster County Project) 5.000%   6/1/41       1,100      1,166
  Lancaster County Public Facilities Corp. Intergovernmental Agreement Revenue (Lancaster County Project) 5.000%   6/1/42       1,685      1,781
  Lancaster County SC School District GO 4.000%   3/1/30       4,860      4,922
  Lancaster County SC School District GO 4.000%   3/1/31       7,190      7,275
  Lancaster County SC School District GO 4.000%   3/1/32       6,135      6,197
  Lancaster County SC School District GO 4.000%   3/1/33       5,800      5,846
  Lancaster County SC School District GO 4.000%   3/1/34       6,040      6,076
  Lexington County Health Services District Inc. Health, Hospital, Nursing Home Revenue 5.000%  11/1/26       1,090      1,125
  Lexington County Health Services District Inc. Health, Hospital, Nursing Home Revenue 5.000%  11/1/27       1,425      1,496
  Lexington County Health Services District Inc. Health, Hospital, Nursing Home Revenue 5.000%  11/1/28       5,145      5,409
  Lexington County Health Services District Inc. Health, Hospital, Nursing Home Revenue 5.000%  11/1/29       1,640      1,722
  Lexington County Health Services District Inc. Health, Hospital, Nursing Home Revenue 4.000%  11/1/31       1,525      1,557
  Lexington County Health Services District Inc. Health, Hospital, Nursing Home Revenue 4.000%  11/1/32       2,250      2,293
  Lexington County Health Services District Inc. Health, Hospital, Nursing Home Revenue 5.000%  11/1/35       3,000      3,044
  Lexington County Health Services District Inc. Health, Hospital, Nursing Home Revenue 5.000%  11/1/36       5,065      5,134
  Lexington County Health Services District Inc. Health, Hospital, Nursing Home Revenue 5.000%  11/1/37      11,305     11,446
  Myrtle Beach SC Hotel Occupancy Tax Revenue 5.000%   6/1/26       1,000      1,001
  Myrtle Beach SC Hotel Occupancy Tax Revenue 5.000%   6/1/30       1,000      1,001
  Myrtle Beach SC Hotel Occupancy Tax Revenue 5.000%   6/1/33       2,750      2,752
  Myrtle Beach SC Hotel Occupancy Tax Revenue 4.500%   6/1/34       2,500      2,502
  Myrtle Beach SC Hotel Occupancy Tax Revenue 5.000%   6/1/36       4,000      4,004
  Newberry Investing in Children's Education Intergovernmental Agreement Revenue 5.000%  12/1/26       4,000      4,005
  Newberry Investing in Children's Education Intergovernmental Agreement Revenue 5.000%  12/1/29       3,390      3,393
  Newberry Investing in Children's Education Intergovernmental Agreement Revenue 5.000%  12/1/30       5,210      5,215
  Orangeburg County School District Special Obligation Revenue 5.000%   6/1/33       1,465      1,572
  Orangeburg County School District Special Obligation Revenue 5.000%   6/1/34       1,785      1,908
  Orangeburg County School District Special Obligation Revenue 5.000%   6/1/35       2,040      2,169
  Orangeburg County School District Special Obligation Revenue 5.000%   6/1/36       2,320      2,455
  Orangeburg County School District Special Obligation Revenue 5.000%   6/1/37       2,620      2,770
  Orangeburg County School District Special Obligation Revenue 5.000%   6/1/38       2,790      2,944
  Orangeburg County School District Special Obligation Revenue 5.000%   6/1/39       2,285      2,409
  Orangeburg County School District Special Obligation Revenue 5.000%   6/1/40       3,450      3,624
  Orangeburg County School District Special Obligation Revenue 5.000%   6/1/41       1,810      1,898
  Patriots Energy Group Financing Agency Natural Gas Revenue PUT 5.250%   3/1/31      79,240     85,314
  Patriots Energy Group Financing Agency Natural Gas Revenue PUT 5.250%   8/1/31      24,540     26,213
  Patriots Energy Group Natural Gas Revenue 5.000%   6/1/30         500        538
  Patriots Energy Group Natural Gas Revenue 5.000%   6/1/31         250        270
  Patriots Energy Group Natural Gas Revenue 5.000%   6/1/32         500        539
  Patriots Energy Group Natural Gas Revenue 5.000%   6/1/33         810        871
  Patriots Energy Group Natural Gas Revenue 5.000%   6/1/34       1,000      1,066
  Patriots Energy Group Natural Gas Revenue 4.000%   6/1/35         725        734
  Patriots Energy Group Natural Gas Revenue 2.000%   6/1/37         500        366
  Patriots Energy Group Natural Gas Revenue 4.000%   6/1/38         600        599
  Patriots Energy Group Natural Gas Revenue 4.000%   6/1/39         575        568
  Patriots Energy Group Natural Gas Revenue 4.000%   6/1/40         600        588
8,13 Piedmont Municipal Power Agency Electric Power & Light Revenue 0.000%   1/1/31       5,560      4,421
  Piedmont Municipal Power Agency Nuclear Revenue 5.000%   1/1/31       2,500      2,565
  Piedmont Municipal Power Agency Nuclear Revenue 5.000%   1/1/32       4,120      4,215
  Piedmont Municipal Power Agency Nuclear Revenue 4.000%   1/1/33       4,695      4,790
  Piedmont Municipal Power Agency Nuclear Revenue 4.000%   1/1/33      33,795     34,476
  Piedmont Municipal Power Agency Nuclear Revenue 4.000%   1/1/34      14,000     14,245
  Piedmont Municipal Power Agency Nuclear Revenue 4.000%   1/1/34       5,000      5,087
  Richland County SC School District No. 2 GO 3.000%   3/1/33       1,000        949
  Rock Hill SC Combined Utility System Water Revenue 4.000%   1/1/43       1,570      1,498
  SCAGO Educational Facilities Corp. for Pickens School District Intergovernmental Agreement Revenue 5.000%  12/1/27       2,500      2,513
  Scago Public Facilities Corp. for Georgetown County Intergovernmental Agreement Revenue (Georgetown County Project) 5.000%   6/1/36         975      1,081
  Scago Public Facilities Corp. for Georgetown County Intergovernmental Agreement Revenue (Georgetown County Project) 5.000%   6/1/37       1,035      1,143
  Scago Public Facilities Corp. for Georgetown County Intergovernmental Agreement Revenue (Georgetown County Project) 5.000%   6/1/38       1,115      1,225
  Scago Public Facilities Corp. for Georgetown County Intergovernmental Agreement Revenue (Georgetown County Project) 5.000%   6/1/39       1,125      1,228
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Scago Public Facilities Corp. for Georgetown County Intergovernmental Agreement Revenue (Georgetown County Project) 5.000%   6/1/40       1,000      1,087
  South Carolina Housing Finance & Development Authority Multifamily Tax-Exempt Mortgage-Backed Securities 4.800%   7/1/45       5,000      5,085
4 South Carolina Jobs-Economic Development Authority Charter School Aid Revenue (Green Charter Schools Project) 4.000%   6/1/36       6,250      5,452
  South Carolina Jobs-Economic Development Authority Health, Hospital, Nursing Home Revenue 5.000%   5/1/27      11,180     11,575
  South Carolina Jobs-Economic Development Authority Health, Hospital, Nursing Home Revenue 5.000%   5/1/28       7,000      7,368
  South Carolina Jobs-Economic Development Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/28         700        741
  South Carolina Jobs-Economic Development Authority Health, Hospital, Nursing Home Revenue 5.250% 11/15/28       4,000      4,012
  South Carolina Jobs-Economic Development Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/29         960      1,012
  South Carolina Jobs-Economic Development Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/30         870        915
  South Carolina Jobs-Economic Development Authority Health, Hospital, Nursing Home Revenue 5.000%   5/1/31       1,100      1,153
  South Carolina Jobs-Economic Development Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/31      21,440     23,838
  South Carolina Jobs-Economic Development Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/31         320        335
  South Carolina Jobs-Economic Development Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/32       1,325      1,388
  South Carolina Jobs-Economic Development Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/33         435        454
  South Carolina Jobs-Economic Development Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/34       2,000      2,089
  South Carolina Jobs-Economic Development Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/34         400        418
  South Carolina Jobs-Economic Development Authority Health, Hospital, Nursing Home Revenue 5.000%   5/1/35       7,105      7,357
  South Carolina Jobs-Economic Development Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/35       7,500      8,297
  South Carolina Jobs-Economic Development Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/35         430        446
  South Carolina Jobs-Economic Development Authority Health, Hospital, Nursing Home Revenue 5.000%   5/1/37      18,500     19,033
  South Carolina Jobs-Economic Development Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/39       6,000      6,584
  South Carolina Jobs-Economic Development Authority Health, Hospital, Nursing Home Revenue 5.250% 11/15/39       1,000      1,046
  South Carolina Jobs-Economic Development Authority Health, Hospital, Nursing Home Revenue 5.250%  11/1/40       9,835     10,985
  South Carolina Jobs-Economic Development Authority Health, Hospital, Nursing Home Revenue 5.250%  11/1/41       9,000      9,978
  South Carolina Jobs-Economic Development Authority Health, Hospital, Nursing Home Revenue 4.000%  11/1/42       3,095      3,046
  South Carolina Jobs-Economic Development Authority Health, Hospital, Nursing Home Revenue 5.250%  11/1/43       8,085      8,851
  South Carolina Jobs-Economic Development Authority Health, Hospital, Nursing Home Revenue 5.250%  11/1/44       6,515      7,100
  South Carolina Jobs-Economic Development Authority Health, Hospital, Nursing Home Revenue 5.500%  11/1/45      13,890     15,425
  South Carolina Jobs-Economic Development Authority Health, Hospital, Nursing Home Revenue (Anmed Health Project) 5.000%   2/1/27       3,725      3,790
  South Carolina Jobs-Economic Development Authority Health, Hospital, Nursing Home Revenue (Anmed Health Project) 5.000%   2/1/28       2,715      2,761
  South Carolina Jobs-Economic Development Authority Health, Hospital, Nursing Home Revenue (Anmed Health Project) 5.000%   2/1/29       2,185      2,220
4,5 South Carolina Jobs-Economic Development Authority Health, Hospital, Nursing Home Revenue TOB VRDO 1.440%   2/3/25      23,900     23,900
4,5 South Carolina Jobs-Economic Development Authority Health, Hospital, Nursing Home Revenue TOB VRDO 1.950%   2/3/25      26,300     26,300
  South Carolina Public Service Authority Electric Power & Light Revenue 5.000%  12/1/32       3,675      3,987
  South Carolina Public Service Authority Electric Power & Light Revenue 4.000%  12/1/33       1,025      1,040
  South Carolina Public Service Authority Electric Power & Light Revenue 4.000%  12/1/33      19,605     19,940
  South Carolina Public Service Authority Electric Power & Light Revenue 4.000%  12/1/34       2,100      2,123
  South Carolina Public Service Authority Electric Power & Light Revenue 4.000%  12/1/34      14,045     14,225
  South Carolina Public Service Authority Electric Power & Light Revenue 5.250%  12/1/34       4,000      4,494
  South Carolina Public Service Authority Electric Power & Light Revenue 4.000%  12/1/35         500        503
  South Carolina Public Service Authority Electric Power & Light Revenue 5.000%  12/1/35      12,080     13,208
  South Carolina Public Service Authority Electric Power & Light Revenue 5.250%  12/1/35       5,500      6,157
  South Carolina Public Service Authority Electric Power & Light Revenue 5.000%  12/1/36       5,785      6,304
  South Carolina Public Service Authority Electric Power & Light Revenue 4.000%  12/1/37       5,750      5,735
  South Carolina Public Service Authority Electric Power & Light Revenue 4.000%  12/1/37      16,000     15,958
  South Carolina Public Service Authority Electric Power & Light Revenue 4.000%  12/1/38      23,915     23,675
  South Carolina Public Service Authority Electric Power & Light Revenue 4.000%  12/1/39       8,020      7,915
  South Carolina Public Service Authority Electric Power & Light Revenue 5.000%  12/1/39       6,000      6,576
  South Carolina Public Service Authority Electric Power & Light Revenue 4.000%  12/1/40      12,385     12,183
  South Carolina Public Service Authority Electric Power & Light Revenue 4.000%  12/1/40      14,435     14,200
  South Carolina Public Service Authority Electric Power & Light Revenue 5.000%  12/1/40       2,130      2,321
  South Carolina Public Service Authority Electric Power & Light Revenue 3.000%  12/1/41       9,900      7,852
  South Carolina Public Service Authority Electric Power & Light Revenue 4.000%  12/1/41       3,510      3,426
  South Carolina Public Service Authority Electric Power & Light Revenue 5.000%  12/1/41       3,000      3,249
  South Carolina Public Service Authority Electric Power & Light Revenue 5.000%  12/1/41       5,000      5,415
  South Carolina Public Service Authority Electric Power & Light Revenue 4.000%  12/1/42       2,590      2,519
  South Carolina Public Service Authority Electric Power & Light Revenue 5.000%  12/1/42       3,200      3,450
  South Carolina Public Service Authority Electric Power & Light Revenue 5.000%  12/1/43      15,000     15,669
  South Carolina Public Service Authority Electric Power & Light Revenue 5.000%  12/1/43       3,625      3,890
  South Carolina Public Service Authority Electric Power & Light Revenue 5.000%  12/1/43       6,315      6,776
  South Carolina Public Service Authority Electric Power & Light Revenue 5.000%  12/1/44       3,000      3,207
  South Carolina Public Service Authority Electric Power & Light Revenue 5.000%  12/1/46       2,630      2,793
  South Carolina Public Service Authority Miscellaneous Revenue 5.000%  12/1/25       5,975      5,980
  South Carolina Public Service Authority Miscellaneous Revenue 5.000%  12/1/26       5,500      5,502
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  South Carolina Public Service Authority Miscellaneous Revenue 5.000%  12/1/27       4,900      4,903
  South Carolina Public Service Authority Miscellaneous Revenue 5.000%  12/1/28      15,365     15,375
  South Carolina Public Service Authority Nuclear Revenue 5.000%  12/1/30       3,850      3,930
  South Carolina Public Service Authority Nuclear Revenue 5.000%  12/1/32       1,340      1,364
  South Carolina Public Service Authority Nuclear Revenue 5.000%  12/1/33         400        407
  South Carolina Public Service Authority Nuclear Revenue 5.000%  12/1/35       3,265      3,334
  South Carolina State Housing Finance & Development Authority Local or Guaranteed Housing Revenue 3.000%   7/1/40       1,735      1,474
  South Carolina State Housing Finance & Development Authority Local or Guaranteed Housing Revenue 2.250%   7/1/46         375        242
  South Carolina State Housing Finance & Development Authority Local or Guaranteed Housing Revenue 3.750%   1/1/50         825        824
  South Carolina State Housing Finance & Development Authority Local or Guaranteed Housing Revenue 3.000%   1/1/52         725        709
  South Carolina State Housing Finance & Development Authority Local or Guaranteed Housing Revenue 3.250%   1/1/52       3,385      3,343
  South Carolina State Housing Finance & Development Authority Local or Guaranteed Housing Revenue 5.000%   1/1/52      12,345     12,805
  South Carolina State Housing Finance & Development Authority Local or Guaranteed Housing Revenue PUT 5.000%  12/1/26       3,056      3,153
  South Carolina Transportation Infrastructure Bank Miscellaneous Revenue 5.000%  10/1/31      13,970     14,882
  South Carolina Transportation Infrastructure Bank Miscellaneous Revenue 5.000%  10/1/32      20,000     21,266
  Spartanburg County School District No. 5 GO 4.000%   3/1/41       5,260      5,253
  Spartanburg Regional Health Services District Health, Hospital, Nursing Home Revenue 5.000%  4/15/28       2,300      2,427
3 Spartanburg Regional Health Services District Health, Hospital, Nursing Home Revenue 5.000%  4/15/31         285        309
3 Spartanburg Regional Health Services District Health, Hospital, Nursing Home Revenue 5.000%  4/15/32         500        540
3 Spartanburg Regional Health Services District Health, Hospital, Nursing Home Revenue 5.000%  4/15/33         500        539
3 Spartanburg Regional Health Services District Health, Hospital, Nursing Home Revenue 5.000%  4/15/35         535        574
3 Spartanburg Regional Health Services District Health, Hospital, Nursing Home Revenue 4.000%  4/15/36         500        507
  Spartanburg Regional Health Services District Health, Hospital, Nursing Home Revenue 4.000%  4/15/37       2,000      1,994
3 Spartanburg Regional Health Services District Health, Hospital, Nursing Home Revenue 4.000%  4/15/38       1,050      1,052
3 Spartanburg Regional Health Services District Health, Hospital, Nursing Home Revenue 4.000%  4/15/40       1,500      1,467
1 Sumter Two School Facilities Inc. Intergovernmental Agreement Revenue (Sumter School District Project) 5.000%  12/1/25       1,440      1,462
  University of South Carolina College & University Revenue (Campus Village Project) 5.000%   5/1/41       1,245      1,334
  York County School District No. 1 GO, Prere. 4.000%   3/1/25       2,805      2,807
                                     989,817
South Dakota (0.1%)
  South Dakota Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/25       1,265      1,267
  South Dakota Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/26         675        676
  South Dakota Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/27       1,275      1,277
  South Dakota Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/28       4,235      4,427
  South Dakota Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/28       1,825      1,827
  South Dakota Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/29       1,735      1,809
  South Dakota Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/29       1,415      1,417
  South Dakota Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/31       4,905      5,093
  South Dakota Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/32       3,000      3,109
  South Dakota Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/33       1,815      1,879
  South Dakota Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/33       3,640      3,762
  South Dakota Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%   9/1/34      11,985     12,023
  South Dakota Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/34       8,250      8,259
  South Dakota Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/35       2,855      2,945
  South Dakota Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%   9/1/35       1,685      1,687
  South Dakota Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%   9/1/36       1,400      1,396
  South Dakota Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%   7/1/37       2,540      2,548
  South Dakota Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%   7/1/42       2,100      2,038
  South Dakota Health & Educational Facilities Authority Revenue (Sanford Health Project) 4.000%  11/1/34      24,775     24,773
  South Dakota Housing Development Authority Local or Guaranteed Housing Revenue 3.000%  11/1/51       2,425      2,381
  South Dakota Housing Development Authority Local or Guaranteed Housing Revenue 3.000%  11/1/52       7,115      6,956
  South Dakota Housing Development Authority Local or Guaranteed Housing Revenue 6.000%   5/1/54       2,860      3,053
  Tea Area School District No. 41-5 GO 5.000%   8/1/45       1,000      1,045
  Yankton SD School District No. 63-3 GO 5.000%   8/1/42       1,500      1,616
                                      97,263
Tennessee (1.3%)
  Chattanooga Health Educational & Housing Facility Board Health, Hospital, Nursing Home Revenue 5.000%   8/1/27       2,500      2,615
  Chattanooga Health Educational & Housing Facility Board Health, Hospital, Nursing Home Revenue 5.000%   8/1/30       3,185      3,423
  Chattanooga Health Educational & Housing Facility Board Health, Hospital, Nursing Home Revenue 5.000%   8/1/30       3,045      3,272
  Chattanooga Health Educational & Housing Facility Board Health, Hospital, Nursing Home Revenue 5.000%   8/1/32       2,205      2,351
  Chattanooga Health Educational & Housing Facility Board Health, Hospital, Nursing Home Revenue 5.000%   8/1/33       1,000      1,062
8 Chattanooga Health Educational & Housing Facility Board Health, Hospital, Nursing Home Revenue 5.000%  12/1/34       4,365      4,942
  Chattanooga Health Educational & Housing Facility Board Health, Hospital, Nursing Home Revenue 4.000%   8/1/36       1,000        995
  Chattanooga Health Educational & Housing Facility Board Health, Hospital, Nursing Home Revenue 5.000%   8/1/36         740        777
  Chattanooga Health Educational & Housing Facility Board Health, Hospital, Nursing Home Revenue 4.000%   8/1/38       1,000        985
  Chattanooga Health Educational & Housing Facility Board Health, Hospital, Nursing Home Revenue 5.000%   8/1/38       1,005      1,045
  Chattanooga Health Educational & Housing Facility Board Health, Hospital, Nursing Home Revenue 5.000%   8/1/39         760        788
  Chattanooga Health Educational & Housing Facility Board Health, Hospital, Nursing Home Revenue 5.250%  12/1/42       3,035      3,315
  Chattanooga Health Educational & Housing Facility Board Health, Hospital, Nursing Home Revenue 5.250%  12/1/43       2,600      2,823
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Chattanooga Health Educational & Housing Facility Board Health, Hospital, Nursing Home Revenue 5.250%  12/1/44       3,800      4,103
  Chattanooga TN Electric Power & Light Revenue 5.000%   9/1/42      13,220     14,192
  Chattanooga TN Electric Power & Light Revenue 5.000%   9/1/43      13,900     14,871
  Cleveland Health & Educational Facilities Board Health, Hospital, Nursing Home Revenue (Hamilton Health Care System Inc. Project) 5.000%  8/15/39       1,610      1,772
  Cleveland Health & Educational Facilities Board Health, Hospital, Nursing Home Revenue (Hamilton Health Care System Inc. Project) 5.000%  8/15/40       2,200      2,409
  Cleveland Health & Educational Facilities Board Health, Hospital, Nursing Home Revenue (Hamilton Health Care System Inc. Project) 5.000%  8/15/41       2,600      2,825
  Cleveland Health & Educational Facilities Board Health, Hospital, Nursing Home Revenue (Hamilton Health Care System Inc. Project) 5.000%  8/15/42       2,915      3,145
  Cleveland Health & Educational Facilities Board Health, Hospital, Nursing Home Revenue (Hamilton Health Care System Inc. Project) 5.000%  8/15/43       3,715      3,978
  Cleveland Health & Educational Facilities Board Health, Hospital, Nursing Home Revenue (Hamilton Health Care System Inc. Project) 5.000%  8/15/44       3,000      3,190
  Greeneville Health & Educational Facilities Board Health, Hospital, Nursing Home Revenue 5.000%   7/1/26       2,315      2,369
  Greeneville Health & Educational Facilities Board Health, Hospital, Nursing Home Revenue 5.000%   7/1/28       1,850      1,950
  Greeneville Health & Educational Facilities Board Health, Hospital, Nursing Home Revenue 5.000%   7/1/29       1,540      1,618
  Greeneville Health & Educational Facilities Board Health, Hospital, Nursing Home Revenue 5.000%   7/1/30       1,360      1,428
  Jackson TN Health, Hospital, Nursing Home Revenue 5.000%   4/1/28         670        695
  Jackson TN Health, Hospital, Nursing Home Revenue 5.000%   4/1/30         950        993
  Jackson TN Health, Hospital, Nursing Home Revenue 5.250%   4/1/31       5,700      5,714
  Jackson TN Health, Hospital, Nursing Home Revenue 5.000%   4/1/32       2,600      2,709
  Jackson TN Health, Hospital, Nursing Home Revenue 5.250%   4/1/32       8,520      8,540
  Jackson TN Health, Hospital, Nursing Home Revenue 5.250%   4/1/33       8,970      8,990
  Jackson TN Health, Hospital, Nursing Home Revenue 5.000%   4/1/34       2,035      2,109
  Jackson TN Health, Hospital, Nursing Home Revenue 5.250%   4/1/34       7,505      7,520
  Jackson TN Health, Hospital, Nursing Home Revenue 5.000%   4/1/35         950        982
  Jackson TN Health, Hospital, Nursing Home Revenue 5.000%   4/1/36       2,335      2,409
  Jackson TN Health, Hospital, Nursing Home Revenue, ETM 5.000%   4/1/28          30         32
  Kingsport TN GO 4.000%   3/1/44       1,245      1,217
4 Knox County & Knoxville City Sports Authority Intergovernmental Agreement Revenue TOB VRDO 2.050%   2/3/25      16,500     16,500
  Knox County Health Educational & Housing Facility Board Health, Hospital, Nursing Home Revenue 5.000% 11/15/27       1,015      1,066
  Knox County Health Educational & Housing Facility Board Health, Hospital, Nursing Home Revenue 5.000%   4/1/28       4,290      4,381
  Knox County Health Educational & Housing Facility Board Health, Hospital, Nursing Home Revenue 5.000%   9/1/29         200        203
  Knox County Health Educational & Housing Facility Board Health, Hospital, Nursing Home Revenue 5.000%   9/1/30       6,465      6,712
  Knox County Health Educational & Housing Facility Board Health, Hospital, Nursing Home Revenue 5.000%   1/1/35       5,360      5,487
  Knox County Health Educational & Housing Facility Board Health, Hospital, Nursing Home Revenue 5.000%   1/1/36       4,000      4,090
  Knox County Health Educational & Housing Facility Board Health, Hospital, Nursing Home Revenue 5.000%   1/1/37       6,435      6,566
  Knox County TN GO 3.000%   6/1/36       3,530      3,264
  Knox County TN GO 3.000%   6/1/39       3,675      3,251
  Knoxville TN Electric System Electric Power & Light Revenue 5.000%   7/1/44       2,235      2,416
  Knoxville TN GO 3.000%   5/1/37       3,175      2,905
  Knoxville TN GO 3.000%   5/1/40       3,470      3,037
  Lebanon Special School District GO 5.000%   4/1/44       1,110      1,154
  Maury County TN GO 5.000%   4/1/29       1,275      1,301
  Memphis TN Electric System Electric Power & Light Revenue 5.000%  12/1/31         600        675
  Memphis TN Electric System Electric Power & Light Revenue 5.000%  12/1/32         855        969
  Memphis TN Electric System Electric Power & Light Revenue 5.000%  12/1/39       3,000      3,366
  Memphis TN Electric System Electric Power & Light Revenue 5.000%  12/1/40       2,850      3,180
  Memphis TN Electric System Electric Power & Light Revenue 5.000%  12/1/41       2,000      2,218
  Memphis TN Electric System Electric Power & Light Revenue 5.000%  12/1/42       2,250      2,483
  Memphis TN Electric System Electric Power & Light Revenue 5.000%  12/1/43       3,705      4,070
  Memphis TN Electric System Electric Power & Light Revenue 5.000%  12/1/44       2,000      2,185
  Memphis TN Gas Natural Gas Revenue 4.000%  12/1/33       1,030      1,040
  Memphis TN GO 5.000%   4/1/40       7,120      7,823
  Memphis TN GO 4.000%   5/1/40       5,280      5,261
  Memphis TN GO 5.000%   4/1/41       6,000      6,558
  Memphis TN GO 5.000%   4/1/41       5,815      6,356
  Memphis TN GO 5.000%   4/1/42       7,120      7,751
  Memphis TN GO 5.000%   4/1/42       7,260      7,904
  Memphis TN GO 5.000%   4/1/43       7,115      7,714
  Memphis TN GO 5.000%   4/1/43       6,600      7,156
  Memphis TN GO 5.000%   4/1/44       6,600      7,132
  Memphis TN GO 5.000%   4/1/45       4,620      4,976
  Memphis TN Sanitary Sewerage System Sewer Revenue 4.000%  10/1/34       2,060      2,069
  Memphis TN Sanitary Sewerage System Sewer Revenue 5.000%  10/1/35       1,000      1,091
  Memphis TN Sanitary Sewerage System Sewer Revenue 4.000%  10/1/36         930        933
  Memphis TN Sanitary Sewerage System Sewer Revenue 5.000%  10/1/36       1,420      1,545
  Memphis TN Sanitary Sewerage System Sewer Revenue 4.000%  10/1/37       2,435      2,440
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Memphis TN Sanitary Sewerage System Sewer Revenue 5.000%  10/1/39       2,560      2,753
  Memphis TN Sanitary Sewerage System Sewer Revenue 5.000%  10/1/40       2,120      2,272
  Memphis TN Water Revenue 4.000%  12/1/33       1,000      1,015
  Memphis-Shelby County Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/31       1,675      1,824
  Memphis-Shelby County Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/32       1,765      1,917
  Memphis-Shelby County Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/33       1,850      2,004
  Memphis-Shelby County Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/34       1,445      1,562
  Memphis-Shelby County Airport Authority Port, Airport & Marina Revenue 4.000%   7/1/36       1,000      1,004
  Memphis-Shelby County Airport Authority Port, Airport & Marina Revenue 4.000%   7/1/39       1,000        992
  Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board College & University Revenue 5.000%   5/1/29       1,000      1,066
  Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board College & University Revenue 5.000%  10/1/29         250        257
  Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board College & University Revenue 5.000%   5/1/36         500        547
  Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board College & University Revenue 5.000%   5/1/37         500        545
  Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board College & University Revenue 5.000%   5/1/38         400        434
  Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board College & University Revenue 5.000%   5/1/43       2,000      2,123
  Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board College & University Revenue (Trevecca Nazarene University Project) 4.000%  10/1/29         455        454
  Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board College & University Revenue (Trevecca Nazarene University Project) 4.000%  10/1/30         730        726
  Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board College & University Revenue (Trevecca Nazarene University Project) 4.000%  10/1/41       8,790      8,002
  Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board Health, Hospital, Nursing Home Revenue 5.000%   7/1/29       5,770      6,198
  Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board Health, Hospital, Nursing Home Revenue 5.000%   7/1/33      10,000     11,174
  Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board Health, Hospital, Nursing Home Revenue 5.000%   7/1/34       6,000      6,740
  Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board Health, Hospital, Nursing Home Revenue (Vanderbilt University Medical Center) 5.000%   7/1/28       7,575      8,031
  Metropolitan Government Nashville & Davidson County Sports Authority Intergovernmental Agreement Revenue (Stadium Project) 5.000%   7/1/28         700        747
3 Metropolitan Government Nashville & Davidson County Sports Authority Intergovernmental Agreement Revenue (Stadium Project) 5.000%   7/1/29       1,305      1,409
3 Metropolitan Government Nashville & Davidson County Sports Authority Intergovernmental Agreement Revenue (Stadium Project) 5.000%   7/1/29         665        718
  Metropolitan Government Nashville & Davidson County Sports Authority Intergovernmental Agreement Revenue (Stadium Project) 5.000%   7/1/29       1,000      1,082
3 Metropolitan Government Nashville & Davidson County Sports Authority Intergovernmental Agreement Revenue (Stadium Project) 5.000%   7/1/30       1,735      1,899
  Metropolitan Government Nashville & Davidson County Sports Authority Intergovernmental Agreement Revenue (Stadium Project) 5.000%   7/1/30       1,000      1,096
  Metropolitan Government of Nashville & Davidson County TN Electric Power & Light Revenue 5.000%  5/15/26       1,090      1,122
  Metropolitan Government of Nashville & Davidson County TN Electric Power & Light Revenue 5.000%  5/15/26       2,500      2,574
  Metropolitan Government of Nashville & Davidson County TN Electric Power & Light Revenue 5.000%  5/15/27       1,000      1,051
  Metropolitan Government of Nashville & Davidson County TN Electric Power & Light Revenue 5.000%  5/15/27       3,000      3,153
  Metropolitan Government of Nashville & Davidson County TN Electric Power & Light Revenue 5.000%  5/15/28       1,075      1,124
  Metropolitan Government of Nashville & Davidson County TN Electric Power & Light Revenue 5.000%  5/15/28       1,000      1,070
  Metropolitan Government of Nashville & Davidson County TN Electric Power & Light Revenue 5.000%  5/15/28       3,000      3,210
  Metropolitan Government of Nashville & Davidson County TN Electric Power & Light Revenue 5.000%  5/15/29       1,000      1,043
  Metropolitan Government of Nashville & Davidson County TN Electric Power & Light Revenue 5.000%  5/15/29       1,000      1,043
  Metropolitan Government of Nashville & Davidson County TN Electric Power & Light Revenue 5.000%  5/15/30       1,210      1,261
  Metropolitan Government of Nashville & Davidson County TN Electric Power & Light Revenue 5.000%  5/15/30       1,250      1,303
  Metropolitan Government of Nashville & Davidson County TN Electric Power & Light Revenue 5.000%  5/15/31       1,040      1,083
  Metropolitan Government of Nashville & Davidson County TN Electric Power & Light Revenue 5.000%  5/15/31         750        781
  Metropolitan Government of Nashville & Davidson County TN Electric Power & Light Revenue 5.000%  5/15/32         645        671
  Metropolitan Government of Nashville & Davidson County TN Electric Power & Light Revenue 5.000%  5/15/33       1,000      1,039
  Metropolitan Government of Nashville & Davidson County TN Electric Power & Light Revenue 5.000%  5/15/34       1,200      1,245
  Metropolitan Government of Nashville & Davidson County TN Electric Power & Light Revenue 5.000%  5/15/36       1,250      1,294
  Metropolitan Government of Nashville & Davidson County TN Electric Power & Light Revenue 5.000%  5/15/37       1,055      1,091
  Metropolitan Government of Nashville & Davidson County TN Electric Power & Light Revenue 5.000%  5/15/37       1,000      1,140
  Metropolitan Government of Nashville & Davidson County TN Electric Power & Light Revenue 5.000%  5/15/38       1,000      1,133
  Metropolitan Government of Nashville & Davidson County TN Electric Power & Light Revenue 5.000%  5/15/40       1,650      1,837
  Metropolitan Government of Nashville & Davidson County TN Electric Power & Light Revenue 5.000%  5/15/42       2,250      2,473
  Metropolitan Government of Nashville & Davidson County TN Electric Power & Light Revenue 5.000%  5/15/43       3,000      3,282
  Metropolitan Government of Nashville & Davidson County TN Electric Power & Light Revenue 5.000%  5/15/44       1,250      1,359
  Metropolitan Government of Nashville & Davidson County TN GO 4.000%   7/1/32       8,830      8,929
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Metropolitan Government of Nashville & Davidson County TN GO 4.000%   1/1/35      14,305     14,847
  Metropolitan Government of Nashville & Davidson County TN GO 4.000%   1/1/39       6,365      6,472
  Metropolitan Government of Nashville & Davidson County TN GO 4.000%   1/1/42       7,580      7,507
  Metropolitan Government of Nashville & Davidson County TN GO, Prere. 5.000%   7/1/25       3,750      3,786
  Metropolitan Government of Nashville & Davidson County TN Water & Sewer Water Revenue 5.000%   7/1/37       1,050      1,087
  Metropolitan Government of Nashville & Davidson County TN Water & Sewer Water Revenue 3.000%   7/1/40       1,095        943
  Metropolitan Knoxville Airport Authority Port, Airport & Marina Revenue 5.000%   6/1/33         755        852
  Metropolitan Knoxville Airport Authority Port, Airport & Marina Revenue 5.000%   6/1/34         530        603
  Metropolitan Knoxville Airport Authority Port, Airport & Marina Revenue 5.000%   6/1/35         530        600
  Metropolitan Knoxville Airport Authority Port, Airport & Marina Revenue 5.000%   6/1/36         575        648
  Metropolitan Knoxville Airport Authority Port, Airport & Marina Revenue 5.000%   6/1/37       1,165      1,304
  Metropolitan Knoxville Airport Authority Port, Airport & Marina Revenue 5.000%   6/1/38         740        821
  Metropolitan Knoxville Airport Authority Port, Airport & Marina Revenue 5.000%   6/1/39         465        513
  Metropolitan Knoxville Airport Authority Port, Airport & Marina Revenue 5.000%   6/1/40         500        548
  Metropolitan Knoxville Airport Authority Port, Airport & Marina Revenue 5.000%   6/1/41         600        652
  Metropolitan Knoxville Airport Authority Port, Airport & Marina Revenue 5.000%   6/1/42         900        974
  Metropolitan Knoxville Airport Authority Port, Airport & Marina Revenue 5.000%   6/1/43       1,000      1,075
  Metropolitan Knoxville Airport Authority Port, Airport & Marina Revenue 5.000%   6/1/44       1,065      1,140
  Metropolitan Nashville Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/34       1,645      1,778
  Metropolitan Nashville Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/34         350        390
  Metropolitan Nashville Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/35       1,500      1,617
  Metropolitan Nashville Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/35         600        666
  Metropolitan Nashville Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/36       1,700      1,828
  Metropolitan Nashville Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/37       4,170      4,469
  Metropolitan Nashville Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/38       2,200      2,348
  Metropolitan Nashville Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/38         300        329
  Metropolitan Nashville Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/39       2,485      2,639
  Metropolitan Nashville Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/39         600        653
  Metropolitan Nashville Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/41       1,100      1,185
  Metropolitan Nashville Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/42       1,355      1,454
  New Memphis Arena Public Building Authority Lease (Non-Terminable) Revenue (City of Memphis Project) 0.000%   4/1/32       3,490      2,601
  New Memphis Arena Public Building Authority Lease (Non-Terminable) Revenue (City of Memphis Project) 0.000%   4/1/33       1,450      1,029
  New Memphis Arena Public Building Authority Lease (Non-Terminable) Revenue (City of Memphis Project) 0.000%   4/1/34       2,600      1,756
11 New Memphis Arena Public Building Authority Lease (Non-Terminable) Revenue, 4.000% coupon rate effective 4/1/26 0.000%   4/1/29       1,400      1,322
11 New Memphis Arena Public Building Authority Lease (Non-Terminable) Revenue, 4.000% coupon rate effective 4/1/26 0.000%   4/1/30       2,250      2,117
11 New Memphis Arena Public Building Authority Lease (Non-Terminable) Revenue, 4.000% coupon rate effective 4/1/26 0.000%   4/1/31       1,000        937
  Sevierville TN GO 5.000%   6/1/36       3,660      3,956
4 Shelby County Health & Educational Facilities Board Local or Guaranteed Housing Revenue 5.000%   6/1/44       1,250      1,256
  Shelby County Health Educational & Housing Facilities Board Health, Hospital, Nursing Home Revenue 5.000%   5/1/25       1,365      1,371
  Shelby County Health Educational & Housing Facilities Board Health, Hospital, Nursing Home Revenue 5.250%   9/1/34      38,090     42,363
  Shelby County Health Educational & Housing Facilities Board Health, Hospital, Nursing Home Revenue PUT 5.000%   9/1/29      12,460     13,164
  Shelby County TN GO 5.000%   3/1/26       1,165      1,167
  Shelby County TN GO 3.125%   4/1/32       6,145      6,035
  Shelby County TN GO 4.000%   4/1/33       6,055      6,202
  Shelby County TN GO 4.000%   4/1/35       7,200      7,295
  Spring Hill TN GO 5.000%   6/1/35       2,890      3,176
  Tennergy Corp. TN Natural Gas Revenue PUT 4.000%   9/1/28      62,225     62,407
  Tennergy Corp. TN Natural Gas Revenue PUT 5.000%  12/1/29     118,165    124,323
  Tennergy Corp. TN Natural Gas Revenue PUT 5.500%  12/1/30      49,365     52,464
  Tennessee Energy Acquisition Corp. Natural Gas Revenue 5.000%   2/1/25       5,815      5,815
  Tennessee Energy Acquisition Corp. Natural Gas Revenue 5.250%   9/1/26       2,240      2,277
  Tennessee Energy Acquisition Corp. Natural Gas Revenue 5.000%   2/1/27      22,600     22,942
  Tennessee Energy Acquisition Corp. Natural Gas Revenue (Gas Project) PUT 5.000%   5/1/28      85,455     88,390
  Tennessee Energy Acquisition Corp. Natural Gas Revenue PUT 5.000%  11/1/31       8,575      9,021
  Tennessee GO 5.000%   9/1/36       5,005      5,228
  Tennessee GO 5.000%   9/1/37       5,005      5,217
  Tennessee Housing Development Agency Local or Guaranteed Housing Revenue 3.350%   7/1/37       1,495      1,367
  Tennessee Housing Development Agency Local or Guaranteed Housing Revenue 3.750%   7/1/52       4,615      4,607
  Tennessee Housing Development Agency Local or Guaranteed Housing Revenue 5.500%   1/1/54      17,685     18,647
  Tennessee Housing Development Agency Local or Guaranteed Housing Revenue 5.750%   1/1/54       3,940      4,192
  Tennessee Housing Development Agency Local or Guaranteed Housing Revenue (Residential Finance Program) 3.000%   1/1/51       4,260      4,182
  Tennessee State School Bond Authority College & University Revenue (Higher Educational Facilities 2nd Program) 5.000%  11/1/32       3,860      4,188
  Tennessee State School Bond Authority College & University Revenue (Higher Educational Facilities 2nd Program) 5.000%  11/1/37       3,570      3,797
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Tennessee State School Bond Authority College & University Revenue (Higher Educational Facilities 2nd Program) 5.000%  11/1/39       5,480      5,785
  Tennessee State School Bond Authority Intergovernmental Agreement Revenue 5.000%  11/1/47       8,100      8,591
  West Knox Utility District Water Revenue 3.000%   6/1/37       3,165      2,873
  Williamson County Industrial Development Board Local or Guaranteed Housing Revenue PUT 5.000%   5/1/27       4,040      4,160
  Williamson County TN GO 3.000%   4/1/36       4,945      4,592
  Williamson County TN GO 3.000%   4/1/37       5,090      4,670
  Williamson County TN GO 3.000%   4/1/37       3,375      3,096
  Williamson County TN GO 3.000%   4/1/38       5,245      4,735
  Williamson County TN GO 3.000%   4/1/38       3,475      3,137
  Williamson County TN GO 3.000%   4/1/39       5,400      4,803
                                   1,026,264
Texas (12.7%)
  Abilene TX GO 4.000%  2/15/43       1,370      1,326
  Alamo Area Housing Finance Corp. Local or Guaranteed Housing Revenue PUT 3.390%   7/1/28       3,360      3,347
  Alamo Community College District GO 5.000%  2/15/27       4,000      4,173
  Alamo Community College District GO 5.000%  2/15/28       4,000      4,253
  Alamo Community College District GO 5.000%  2/15/30       3,890      4,265
  Alamo Community College District GO 5.000%  8/15/37       3,000      3,093
20 Alamo Heights Independent School District GO 4.000%   2/1/30         835        850
20 Alamo Heights Independent School District GO 4.000%   2/1/31         810        824
  Alamo Regional Mobility Authority Miscellaneous Revenue 5.000%  6/15/29       3,090      3,108
  Alamo Regional Mobility Authority Miscellaneous Revenue 5.000%  6/15/31       3,055      3,072
  Alamo Regional Mobility Authority Miscellaneous Revenue 5.000%  6/15/33       3,755      3,774
  Alamo Regional Mobility Authority Miscellaneous Revenue 5.000%  6/15/34       3,945      3,964
  Alamo Regional Mobility Authority Miscellaneous Revenue 5.000%  6/15/35       4,140      4,160
  Alamo Regional Mobility Authority Miscellaneous Revenue 5.000%  6/15/36       4,350      4,370
20 Aldine Independent School District GO 5.000%  2/15/28       1,945      1,946
20 Aldine Independent School District GO 5.000%  2/15/37       1,065      1,112
20 Aldine Independent School District GO 5.000%  2/15/37       3,250      3,677
20 Aldine Independent School District GO 5.000%  2/15/38       2,275      2,554
20 Aldine Independent School District GO 5.000%  2/15/39      10,000     11,170
20 Aldine Independent School District GO 5.000%  2/15/40       2,000      2,219
20 Aldine Independent School District GO 5.000%  2/15/41       3,200      3,525
20 Aldine Independent School District GO 5.000%  2/15/42       4,085      4,464
20 Aldine Independent School District GO 5.000%  2/15/43       3,255      3,541
20 Aldine Independent School District GO 5.000%  2/15/44       4,125      4,464
20 Aledo Independent School District GO 5.000%  2/15/39       1,270      1,383
20 Aledo Independent School District GO 5.000%  2/15/40       1,070      1,159
20 Aledo Independent School District GO 5.000%  2/15/41       2,000      2,157
20 Aledo Independent School District GO 5.000%  2/15/42       1,000      1,074
20 Aledo Independent School District GO 5.000%  2/15/43       2,400      2,567
20 Alief Independent School District GO 5.000%  2/15/26       2,635      2,697
20 Alief Independent School District GO 4.000%  2/15/29       2,780      2,798
20 Allen Independent School District GO 5.000%  2/15/31       1,070      1,090
20 Allen Independent School District GO 5.000%  2/15/32       1,000      1,018
  Allen TX GO 5.000%  8/15/32         750        849
  Allen TX GO 5.000%  8/15/33         800        915
  Allen TX GO 5.000%  8/15/36       1,100      1,242
  Allen TX GO 5.000%  8/15/37       1,155      1,298
  Allen TX GO 5.000%  8/15/38       1,610      1,798
  Allen TX GO 5.000%  8/15/40       1,000      1,104
  Allen TX GO 5.000%  8/15/41       1,250      1,370
  Allen TX GO 5.000%  8/15/42       1,600      1,742
  Allen TX GO 5.000%  8/15/43       1,235      1,339
  Allen TX GO 5.000%  8/15/44       1,200      1,296
20 Alvin TX Independent School District GO 5.000%  2/15/29       5,435      5,551
20 Alvin TX Independent School District GO 5.000%  2/15/31       1,000      1,116
20 Alvin TX Independent School District GO 5.000%  2/15/32       1,000      1,126
3 Alvin TX Water & Sewer System Water Revenue 5.000%   2/1/30       1,205      1,313
20 Amarillo Independent School District GO 5.000%   2/1/43      10,590     10,913
  Amarillo TX Waterworks & Sewer System Water Revenue 4.000%   4/1/41       3,010      2,955
  Amarillo TX Waterworks & Sewer System Water Revenue 4.000%   4/1/42       3,130      3,053
  Amarillo TX Waterworks & Sewer System Water Revenue 4.000%   4/1/43       2,810      2,718
20 Andrews Independent School District GO 5.000%  2/15/29       1,080      1,165
20 Angleton Independent School District GO 3.000%  2/15/36       1,345      1,243
20 Angleton Independent School District GO 4.000%  2/15/40       4,415      4,448
20 Angleton Independent School District GO 4.000%  2/15/44       1,000        968
  Anna TX GO 4.250%  2/15/47       1,900      1,857
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
4 Anna TX Special Assessment Revenue 7.000%  9/15/42       4,071      4,178
20 Arlington Higher Education Finance Corp. Charter School Aid Revenue 5.000%  8/15/27         240        251
  Arlington Higher Education Finance Corp. Charter School Aid Revenue 5.000%  8/15/27         410        417
20 Arlington Higher Education Finance Corp. Charter School Aid Revenue 5.000%  8/15/28         300        318
  Arlington Higher Education Finance Corp. Charter School Aid Revenue 5.000%  8/15/28          75         77
  Arlington Higher Education Finance Corp. Charter School Aid Revenue 4.000%  8/15/29          80         79
20 Arlington Higher Education Finance Corp. Charter School Aid Revenue 5.000%  8/15/29         235        252
20 Arlington Higher Education Finance Corp. Charter School Aid Revenue 4.000%  8/15/30         500        513
  Arlington Higher Education Finance Corp. Charter School Aid Revenue 4.000%  8/15/30          85         83
20 Arlington Higher Education Finance Corp. Charter School Aid Revenue 4.000%  8/15/31         515        527
  Arlington Higher Education Finance Corp. Charter School Aid Revenue 4.000%  8/15/31          90         87
20 Arlington Higher Education Finance Corp. Charter School Aid Revenue 4.000%  8/15/32         310        317
20 Arlington Higher Education Finance Corp. Charter School Aid Revenue 4.000%  8/15/33         380        388
20 Arlington Higher Education Finance Corp. Charter School Aid Revenue 4.000%  8/15/34         330        336
20 Arlington Higher Education Finance Corp. Charter School Aid Revenue 4.000%  8/15/35       1,600      1,623
20 Arlington Higher Education Finance Corp. Charter School Aid Revenue 4.000%  8/15/36         375        381
20 Arlington Higher Education Finance Corp. Charter School Aid Revenue 4.000%  8/15/36       1,250      1,264
  Arlington Higher Education Finance Corp. Charter School Aid Revenue 4.000%  8/15/36         170        157
20 Arlington Higher Education Finance Corp. Charter School Aid Revenue 4.000%  8/15/37       1,100      1,115
20 Arlington Higher Education Finance Corp. Charter School Aid Revenue 4.000%  8/15/37       1,500      1,511
20 Arlington Higher Education Finance Corp. Charter School Aid Revenue 4.000%  8/15/38         900        908
20 Arlington Higher Education Finance Corp. Charter School Aid Revenue 4.000%  8/15/38       1,875      1,883
20 Arlington Higher Education Finance Corp. Charter School Aid Revenue 4.000%  8/15/39         470        473
20 Arlington Higher Education Finance Corp. Charter School Aid Revenue 4.000%  8/15/39       1,625      1,626
4 Arlington Higher Education Finance Corp. Charter School Aid Revenue PUT 4.500%  6/15/26       1,250      1,250
  Arlington TX GO 5.000%  8/15/34       3,795      4,355
  Arlington TX GO 5.000%  8/15/34       1,170      1,343
  Arlington TX GO 5.000%  8/15/39       3,790      4,231
  Arlington TX GO 5.000%  8/15/40       3,790      4,198
  Arlington TX GO 5.000%  8/15/41       3,790      4,173
  Arlington TX GO 5.000%  8/15/42       3,790      4,154
20 Arlington TX Independent School District GO 5.000%  2/15/29       1,560      1,592
20 Arlington TX Independent School District GO 4.000%  2/15/39       1,100      1,115
1 Arlington TX Special Tax Revenue 5.000%  2/15/27       1,345      1,398
1 Arlington TX Special Tax Revenue 5.000%  2/15/28         750        793
1 Arlington TX Special Tax Revenue 5.000%  2/15/29       1,000      1,053
1 Arlington TX Special Tax Revenue 5.000%  2/15/30       1,000      1,052
1 Arlington TX Special Tax Revenue 5.000%  2/15/31       1,565      1,643
1 Arlington TX Special Tax Revenue 5.000%  2/15/33       1,700      1,773
1 Arlington TX Special Tax Revenue 5.000%  2/15/34       3,000      3,122
3 Arlington TX Special Tax Revenue 5.000%  2/15/35       3,300      3,441
1 Arlington TX Special Tax Revenue 5.000%  2/15/35       3,235      3,357
3 Arlington TX Special Tax Revenue 5.000%  2/15/36       4,595      4,779
1 Arlington TX Special Tax Revenue 5.000%  2/15/36       3,850      3,984
3 Arlington TX Special Tax Revenue 5.000%  2/15/37       2,800      2,908
1 Arlington TX Special Tax Revenue 5.000%  2/15/37       4,000      4,132
3 Arlington TX Special Tax Revenue 5.000%  2/15/38       5,035      5,214
  Arlington TX Water & Wastewater System Water Revenue 5.000%   6/1/34       2,035      2,332
  Arlington TX Water & Wastewater System Water Revenue 2.000%   6/1/39       2,170      1,568
  Arlington TX Water & Wastewater System Water Revenue 2.000%   6/1/41       4,400      2,991
  Atascosa County Industrial Development Corp. Electric Power & Light Revenue 5.000% 12/15/28         800        852
  Atascosa County Industrial Development Corp. Electric Power & Light Revenue 5.000% 12/15/29         800        861
  Atascosa County Industrial Development Corp. Electric Power & Light Revenue 5.000% 12/15/30       2,350      2,554
  Atascosa County Industrial Development Corp. Electric Power & Light Revenue 5.000% 12/15/32       2,700      2,938
  Atascosa County Industrial Development Corp. Electric Power & Light Revenue 5.000% 12/15/34       4,065      4,386
  Atascosa County Industrial Development Corp. Electric Power & Light Revenue 5.000% 12/15/35       1,500      1,610
  Atascosa County Industrial Development Corp. Electric Power & Light Revenue 5.000% 12/15/36       4,280      4,571
  Atascosa County Industrial Development Corp. Electric Power & Light Revenue 5.000% 12/15/37       1,600      1,700
20 Aubrey Independent School District GO 5.000%  2/15/39       3,055      3,325
4 Aubrey TX Special Assessment Revenue 5.000%   9/1/30         349        352
1 Aubrey TX Special Assessment Revenue 5.000%   9/1/37       1,230      1,349
1 Aubrey TX Special Assessment Revenue 5.000%   9/1/40       1,000      1,081
4 Aubrey TX Special Assessment Revenue 5.875%   9/1/43       1,008      1,025
1 Aubrey TX Special Assessment Revenue 5.000%   9/1/45       1,224      1,315
  Austin Affordable PFC Inc. Revenue 4.450%   3/1/43       1,275      1,268
  Austin Affordable PFC Inc. Revenue 4.500%   3/1/43      10,500     10,501
  Austin Convention Enterprises Inc. Economic Development Revenue 5.000%   1/1/26         850        854
  Austin Convention Enterprises Inc. Economic Development Revenue 5.000%   1/1/27       2,030      2,046
  Austin Independent School District GO 5.000%   8/1/29       1,250      1,362
20 Austin Independent School District GO 5.000%   8/1/32       2,000      2,120
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Austin Independent School District GO 5.000%   8/1/38       3,250      3,581
  Austin Independent School District GO 5.000%   8/1/39       3,000      3,290
20 Austin Independent School District GO 5.000%   8/1/40       6,460      7,098
20 Austin Independent School District GO 5.000%   8/1/41      12,235     13,373
20 Austin Independent School District GO 5.000%   8/1/42      10,190     11,092
20 Austin Independent School District GO 4.000%   8/1/43      14,460     14,200
20 Austin Independent School District GO 4.000%   8/1/44      12,390     12,071
  Austin TX Airport System Port, Airport & Marina Revenue 5.000% 11/15/33       2,035      2,084
  Austin TX Airport System Port, Airport & Marina Revenue 5.000% 11/15/34       2,200      2,249
  Austin TX Airport System Port, Airport & Marina Revenue 5.000% 11/15/37       4,500      4,582
  Austin TX Airport System Port, Airport & Marina Revenue 5.000% 11/15/41       1,000      1,013
  Austin TX Electric Utility Electric Power & Light Revenue 5.000% 11/15/32       1,690      1,840
  Austin TX Electric Utility Electric Power & Light Revenue 5.000% 11/15/33       6,035      6,212
  Austin TX Electric Utility Electric Power & Light Revenue 5.000% 11/15/33       1,540      1,672
  Austin TX Electric Utility Electric Power & Light Revenue 5.000% 11/15/34       3,935      4,047
  Austin TX Electric Utility Electric Power & Light Revenue 5.000% 11/15/35       3,025      3,108
  Austin TX Electric Utility Electric Power & Light Revenue 5.000% 11/15/35       2,040      2,205
  Austin TX Electric Utility Electric Power & Light Revenue 5.000% 11/15/36       2,060      2,221
  Austin TX Electric Utility Electric Power & Light Revenue 5.000% 11/15/37       3,010      3,235
  Austin TX Electric Utility Electric Power & Light Revenue 5.000% 11/15/38       3,520      3,773
  Austin TX Electric Utility Electric Power & Light Revenue 5.000% 11/15/39       4,750      5,069
  Austin TX Electric Utility Electric Power & Light Revenue 5.000% 11/15/43       1,000      1,087
  Austin TX Electric Utility Electric Power & Light Revenue 5.000% 11/15/44       4,375      4,577
4 Austin TX Housing Finance Corp. Multi Family Housing Local or Guaranteed Housing Revenue TOB VRDO 2.200%   2/3/25      35,835     35,835
  Austin TX Water & Wastewater System Water Revenue 5.000% 11/15/33       3,250      3,710
  Austin TX Water & Wastewater System Water Revenue 5.000% 11/15/34       5,615      5,774
  Austin TX Water & Wastewater System Water Revenue 5.000% 11/15/34       3,415      3,885
  Austin TX Water & Wastewater System Water Revenue 5.000% 11/15/35       3,590      4,068
  Austin TX Water & Wastewater System Water Revenue 5.000% 11/15/35       1,000      1,043
  Austin TX Water & Wastewater System Water Revenue 5.000% 11/15/36       1,655      1,675
  Austin TX Water & Wastewater System Water Revenue 5.000% 11/15/36       6,550      7,395
  Austin TX Water & Wastewater System Water Revenue 5.000% 11/15/36       2,050      2,135
  Austin TX Water & Wastewater System Water Revenue 5.000% 11/15/37       7,900      8,098
  Austin TX Water & Wastewater System Water Revenue 5.000% 11/15/37       7,940      8,915
  Austin TX Water & Wastewater System Water Revenue 5.000% 11/15/37       1,675      1,825
  Austin TX Water & Wastewater System Water Revenue 5.000% 11/15/38       3,170      3,542
  Austin TX Water & Wastewater System Water Revenue 5.000% 11/15/39       4,875      5,409
  Austin TX Water & Wastewater System Water Revenue 5.000% 11/15/39       2,000      2,160
  Austin TX Water & Wastewater System Water Revenue 5.000% 11/15/39       4,275      4,815
  Austin TX Water & Wastewater System Water Revenue 5.000% 11/15/40       4,000      4,418
  Austin TX Water & Wastewater System Water Revenue 5.000% 11/15/40       4,100      4,594
  Austin TX Water & Wastewater System Water Revenue 5.000% 11/15/41       4,000      4,386
  Austin TX Water & Wastewater System Water Revenue 5.000% 11/15/41       6,595      7,327
  Austin TX Water & Wastewater System Water Revenue 5.000% 11/15/42       5,195      5,658
  Austin TX Water & Wastewater System Water Revenue 5.000% 11/15/42      12,055     13,290
  Austin TX Water & Wastewater System Water Revenue 5.000% 11/15/43       3,775      4,086
  Austin TX Water & Wastewater System Water Revenue 5.000% 11/15/43      21,655     23,705
  Austin TX Water & Wastewater System Water Revenue 5.000% 11/15/44       2,500      2,717
  Austin TX Water & Wastewater System Water Revenue 5.000% 11/15/46       2,370      2,502
20 Barbers Hill Independent School District GO 5.000%  2/15/29         325        352
20 Barbers Hill Independent School District GO 5.000%  2/15/30         375        413
20 Barbers Hill Independent School District GO 5.000%  2/15/31         500        559
20 Barbers Hill Independent School District GO 5.000%  2/15/32         500        563
20 Barbers Hill Independent School District GO 5.000%  2/15/33         500        568
20 Barbers Hill Independent School District GO 5.000%  2/15/34         450        516
20 Barbers Hill Independent School District GO 5.000%  2/15/35       1,000      1,149
20 Barbers Hill Independent School District GO 5.000%  2/15/36       7,060      7,839
20 Barbers Hill Independent School District GO 4.000%  2/15/41      10,000     10,040
20 Barbers Hill Independent School District GO 5.000%  2/15/43       1,000      1,093
20 Barbers Hill Independent School District GO 5.000%  2/15/44         750        816
20 Bastrop Independent School District GO 5.000%  2/15/40       4,105      4,516
20 Bastrop Independent School District GO 5.000%  2/15/41       5,240      5,720
20 Bastrop Independent School District GO 5.000%  2/15/43       4,045      4,366
20 Bastrop Independent School District GO 5.000%  2/15/44       4,560      4,896
20 Beaumont Independent School District GO 3.000%  2/15/35       2,000      1,878
20 Beeville Independent School District GO 5.000%  8/15/40       1,320      1,450
  Bell County TX GO 3.000%  2/15/37       1,255      1,142
  Bell County TX GO 3.000%  2/15/39       2,000      1,775
  Bell County TX GO 3.000%  2/15/40       2,250      1,953
  Bell County TX GO 3.000%  2/15/41       2,000      1,713
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
1 Bell County Water Control & Improvement District No. 1 Water Revenue 5.000%  7/10/36         780        865
1 Bell County Water Control & Improvement District No. 1 Water Revenue 5.000%  7/10/37         800        883
20 Belton Independent School District GO 5.000%  2/15/36         740        806
20 Belton Independent School District GO 4.000%  2/15/37         570        583
20 Belton Independent School District GO 4.000%  2/15/38         875        890
20 Belton Independent School District GO 4.000%  2/15/39         910        920
  Bexar County Hospital District GO 5.000%  2/15/25       1,730      1,731
  Bexar County Hospital District GO 5.000%  2/15/26       2,220      2,268
  Bexar County Hospital District GO 5.000%  2/15/31       1,895      1,898
  Bexar County Hospital District GO 5.000%  2/15/32       2,750      2,754
  Bexar County Hospital District GO 5.000%  2/15/37         500        546
  Bexar County Hospital District GO 5.000%  2/15/38         500        542
  Bexar County Hospital District GO 5.000%  2/15/39         865        932
  Bexar County Hospital District GO 5.000%  2/15/40       1,250      1,337
  Bexar County Hospital District GO 5.000%  2/15/41       2,000      2,130
  Bexar County Hospital District GO 5.000%  2/15/42       1,500      1,589
  Bexar County Hospital District GO 5.000%  2/15/43       1,500      1,584
  Bexar County TX GO 5.000%  6/15/27       5,000      5,143
  Bexar County TX GO 5.000%  6/15/28       4,370      4,496
  Bexar County TX GO 4.000%  6/15/34       2,000      2,009
  Bexar County TX GO 4.000%  6/15/34       1,260      1,274
  Bexar County TX GO 4.000%  6/15/35       3,565      3,617
  Bexar County TX GO 5.000%  6/15/36       3,550      3,667
  Bexar County TX GO 4.000%  6/15/37       3,315      3,331
  Bexar County TX GO 4.000%  6/15/38       2,860      2,875
  Bexar County TX GO 3.000%  6/15/39       1,550      1,389
  Bexar County TX GO 5.000%  6/15/40       3,000      3,081
  Bexar County TX GO 5.000%  6/15/41       2,105      2,284
  Bexar County TX GO 5.000%  6/15/42       5,325      5,751
  Bexar County TX GO 5.000%  6/15/43       4,805      5,168
20 Birdville Independent School District GO 5.000%  2/15/32       5,520      6,212
20 Birdville Independent School District GO 5.000%  2/15/42       2,400      2,601
20 Birdville Independent School District GO 5.000%  2/15/44       2,000      2,144
  Board of Regents of the University of Texas System College & University Revenue 5.000%  8/15/26       6,500      6,720
  Board of Regents of the University of Texas System College & University Revenue 5.000%  8/15/29       2,535      2,660
  Board of Regents of the University of Texas System College & University Revenue 5.000%  8/15/32       6,230      7,084
  Board of Regents of the University of Texas System College & University Revenue 5.000%  8/15/33      10,495     11,319
  Board of Regents of the University of Texas System College & University Revenue 5.000%  8/15/33       4,000      4,595
  Board of Regents of the University of Texas System College & University Revenue 5.000%  8/15/34       9,000      9,678
  Board of Regents of the University of Texas System College & University Revenue 5.000%  8/15/35      17,350     20,218
  Board of Regents of the University of Texas System College & University Revenue 2.000%  8/15/36      13,850     10,755
  Board of Regents of the University of Texas System College & University Revenue 5.000%  8/15/38       9,510     10,776
  Board of Regents of the University of Texas System College & University Revenue 5.000%  8/15/39       9,120     10,278
  Board of Regents of the University of Texas System College & University Revenue 5.000%  8/15/40      15,000     17,460
20 Boerne Independent School District GO PUT 4.000%   2/1/28       2,415      2,469
20 Bridge City Independent School District GO 5.000%  2/15/39       1,870      2,012
20 Bridge City Independent School District GO 4.000%  2/15/41       1,220      1,224
20 Brock TX Independent School District GO 5.000%  8/15/37       1,000      1,102
20 Brock TX Independent School District GO 5.000%  8/15/40       1,500      1,628
20 Brock TX Independent School District GO 5.000%  8/15/41       2,000      2,160
20 Brock TX Independent School District GO 5.000%  8/15/42       1,880      2,023
20 Brock TX Independent School District GO 5.000%  8/15/43       2,000      2,143
20 Brownwood Independent School District GO 5.000%  2/15/30         800        878
20 Brownwood Independent School District GO 5.000%  2/15/40       4,325      4,680
20 Brownwood Independent School District GO 5.000%  2/15/41       4,625      4,975
20 Brownwood Independent School District GO 4.000%  2/15/43       4,590      4,553
4,6 Buda TX Special Assessment Revenue 5.875%   9/1/45       1,300      1,301
20 Bullard Independent School District GO 4.000%  2/15/43       1,500      1,490
20 Caddo Mills Independent School District GO 5.000%  2/15/37       1,000      1,099
20 Caddo Mills Independent School District GO 5.000%  2/15/40       1,050      1,136
20 Caddo Mills Independent School District GO 5.000%  2/15/41       1,100      1,182
20 Caddo Mills Independent School District GO 5.000%  2/15/42       1,200      1,283
20 Caddo Mills Independent School District GO 5.000%  2/15/43       2,435      2,596
20 Calallen Independent School District GO 5.000%  2/15/39       2,165      2,376
20 Calallen Independent School District GO 5.000%  2/15/40       1,000      1,091
20 Calallen Independent School District GO 5.000%  2/15/41       1,280      1,389
20 Calallen Independent School District GO 5.000%  2/15/42       1,000      1,081
20 Canutillo TX Independent School District GO 5.000%  2/15/41       2,600      2,853
20 Canutillo TX Independent School District GO 5.000%  2/15/42       3,200      3,494
20 Canutillo TX Independent School District GO 5.000%  2/15/43       4,165      4,518
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
20 Canutillo TX Independent School District GO 5.000%  2/15/44       2,500      2,702
20 Carrizo Springs Consolidated Independent School District GO 5.000%  8/15/39       1,435      1,581
20 Carrizo Springs Consolidated Independent School District GO 5.000%  8/15/40       1,500      1,646
20 Carrizo Springs Consolidated Independent School District GO 5.000%  8/15/41       1,500      1,635
20 Carrollton-Farmers Branch Independent School District GO 3.000%  2/15/38       1,000        889
20 Carrollton-Farmers Branch Independent School District GO 5.000%  2/15/40      10,000     10,944
20 Carrollton-Farmers Branch Independent School District GO 5.000%  2/15/41      12,820     13,956
20 Carrollton-Farmers Branch Independent School District GO 5.000%  2/15/42      13,225     14,294
20 Carrollton-Farmers Branch Independent School District GO 5.000%  2/15/43       7,260      7,810
20 Castleberry Independent School District GO 5.000%  2/15/42       1,035      1,127
20 Castleberry Independent School District GO 5.000%  2/15/43       1,025      1,109
20 Castleberry Independent School District GO 5.000%  2/15/44       1,000      1,077
20 Cedar Hill Independent School District GO 5.000%  2/15/43       5,000      5,427
20 Cedar Hill Independent School District GO 5.000%  2/15/44       6,000      6,489
20 Cedar Hill Independent School District GO 5.000%  2/15/45       6,000      6,461
20 Celina Independent School District GO 5.000%  2/15/37         500        562
20 Celina Independent School District GO 5.000%  2/15/38         630        702
20 Celina Independent School District GO 5.000%  2/15/39       1,000      1,107
20 Celina Independent School District GO 5.000%  2/15/42       1,000      1,085
20 Celina Independent School District GO 5.000%  2/15/43         675        729
  Celina TX GO 5.000%   9/1/36         500        553
  Celina TX GO 4.000%   9/1/38         740        745
  Celina TX GO 4.000%   9/1/39       4,050      4,050
  Celina TX GO 4.000%   9/1/40       1,400      1,386
  Celina TX GO 4.000%   9/1/41       2,000      1,963
  Celina TX GO 4.000%   9/1/42       3,525      3,429
  Celina TX GO 4.000%   9/1/42       6,580      6,384
4 Celina TX Special Assessment Revenue 4.500%   9/1/31         250        250
4 Celina TX Special Assessment Revenue 3.250%   9/1/32         248        221
6,8 Celina TX Special Assessment Revenue 5.000%   9/1/39         800        850
4 Celina TX Special Assessment Revenue 5.500%   9/1/42       1,000      1,016
4 Celina TX Special Assessment Revenue 5.125%   9/1/44       1,500      1,487
6,8 Celina TX Special Assessment Revenue 5.000%   9/1/45       1,773      1,831
4 Celina TX Special Assessment Revenue (Mosaic Public Improvement District Phase #1 Project) 4.375%   9/1/30         324        324
4 Celina TX Special Assessment Revenue (Mosaic Public Improvement District Phase #1 Project) 5.125%   9/1/43       1,012      1,016
  Central Texas Regional Mobility Authority Highway Revenue 0.000%   1/1/26       6,490      6,293
  Central Texas Regional Mobility Authority Highway Revenue 0.000%   1/1/27       7,850      7,349
  Central Texas Regional Mobility Authority Highway Revenue 5.000%   1/1/27       2,900      2,950
  Central Texas Regional Mobility Authority Highway Revenue 0.000%   1/1/28       6,500      5,890
  Central Texas Regional Mobility Authority Highway Revenue 5.000%   1/1/28       1,275      1,285
  Central Texas Regional Mobility Authority Highway Revenue 0.000%   1/1/29       5,220      4,555
  Central Texas Regional Mobility Authority Highway Revenue 5.000%   1/1/29       1,580      1,691
  Central Texas Regional Mobility Authority Highway Revenue 5.000%   1/1/29         785        831
  Central Texas Regional Mobility Authority Highway Revenue 5.000%   1/1/29         800        855
  Central Texas Regional Mobility Authority Highway Revenue 0.000%   1/1/30       4,355      3,658
  Central Texas Regional Mobility Authority Highway Revenue 5.000%   1/1/30       1,000      1,014
  Central Texas Regional Mobility Authority Highway Revenue 5.000%   1/1/30         825        884
  Central Texas Regional Mobility Authority Highway Revenue 5.000%   1/1/30       1,100      1,194
  Central Texas Regional Mobility Authority Highway Revenue 0.000%   1/1/31       4,880      3,939
  Central Texas Regional Mobility Authority Highway Revenue 5.000%   1/1/31       1,275      1,293
  Central Texas Regional Mobility Authority Highway Revenue 5.000%   1/1/31       1,030      1,104
  Central Texas Regional Mobility Authority Highway Revenue 5.000%   1/1/32       1,985      2,011
  Central Texas Regional Mobility Authority Highway Revenue 5.000%   1/1/32       1,000      1,068
  Central Texas Regional Mobility Authority Highway Revenue 5.000%   1/1/32       1,350      1,476
  Central Texas Regional Mobility Authority Highway Revenue 0.000%   1/1/33       4,000      2,957
  Central Texas Regional Mobility Authority Highway Revenue 4.000%   1/1/33       1,170      1,194
  Central Texas Regional Mobility Authority Highway Revenue 4.000%   1/1/33       1,070      1,084
  Central Texas Regional Mobility Authority Highway Revenue 5.000%   1/1/33       1,310      1,326
  Central Texas Regional Mobility Authority Highway Revenue 5.000%   1/1/33       1,000      1,090
  Central Texas Regional Mobility Authority Highway Revenue 0.000%   1/1/34       4,000      2,831
  Central Texas Regional Mobility Authority Highway Revenue 4.000%   1/1/34       1,080      1,100
  Central Texas Regional Mobility Authority Highway Revenue 4.000%   1/1/34       1,150      1,162
  Central Texas Regional Mobility Authority Highway Revenue 5.000%   1/1/34       1,355      1,371
  Central Texas Regional Mobility Authority Highway Revenue 5.000%   1/1/34         750        815
  Central Texas Regional Mobility Authority Highway Revenue 0.000%   1/1/35       4,950      3,337
  Central Texas Regional Mobility Authority Highway Revenue 4.000%   1/1/35       1,135      1,145
  Central Texas Regional Mobility Authority Highway Revenue 4.000%   1/1/35       1,185      1,208
  Central Texas Regional Mobility Authority Highway Revenue 5.000%   1/1/35       2,000      2,023
  Central Texas Regional Mobility Authority Highway Revenue 5.000%   1/1/35       1,025      1,098
  Central Texas Regional Mobility Authority Highway Revenue 5.000%   1/1/35         675        731
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Central Texas Regional Mobility Authority Highway Revenue 4.000%   1/1/36         945        958
  Central Texas Regional Mobility Authority Highway Revenue 5.000%   1/1/36         800        863
  Central Texas Regional Mobility Authority Highway Revenue 0.000%   1/1/37       5,525      3,337
  Central Texas Regional Mobility Authority Highway Revenue 4.000%   1/1/37       2,000      2,020
  Central Texas Regional Mobility Authority Highway Revenue 4.000%   1/1/37       2,405      2,411
  Central Texas Regional Mobility Authority Highway Revenue 5.000%   1/1/37       1,000      1,076
  Central Texas Regional Mobility Authority Highway Revenue 0.000%   1/1/38       3,500      2,005
  Central Texas Regional Mobility Authority Highway Revenue 4.000%   1/1/38       2,510      2,501
  Central Texas Regional Mobility Authority Highway Revenue 5.000%   1/1/38       5,000      5,307
  Central Texas Regional Mobility Authority Highway Revenue 5.000%   1/1/38       1,650      1,767
  Central Texas Regional Mobility Authority Highway Revenue 0.000%   1/1/39       4,500      2,429
  Central Texas Regional Mobility Authority Highway Revenue 4.000%   1/1/39       5,000      5,004
  Central Texas Regional Mobility Authority Highway Revenue 4.000%   1/1/39       2,600      2,558
  Central Texas Regional Mobility Authority Highway Revenue 4.000%   1/1/39       3,605      3,607
  Central Texas Regional Mobility Authority Highway Revenue 5.000%   1/1/39       1,955      2,086
  Central Texas Regional Mobility Authority Highway Revenue 0.000%   1/1/40       5,700      2,884
  Central Texas Regional Mobility Authority Highway Revenue 4.000%   1/1/40       5,000      4,943
  Central Texas Regional Mobility Authority Highway Revenue 4.000%   1/1/40       2,700      2,620
  Central Texas Regional Mobility Authority Highway Revenue 5.000%   1/1/40       1,490      1,570
  Central Texas Regional Mobility Authority Highway Revenue 3.375%   1/1/41       1,000        880
  Central Texas Regional Mobility Authority Highway Revenue 4.000%   1/1/44      18,000     17,283
  Central Texas Regional Mobility Authority Highway Revenue, Prere. 5.000%   7/1/25       1,440      1,453
  Central Texas Regional Mobility Authority Highway Revenue, Prere. 5.000%   7/1/25       1,245      1,256
  Central Texas Regional Mobility Authority Highway Revenue, Prere. 5.000%   7/1/25       2,500      2,522
13 Central Texas Turnpike System Highway Revenue 0.000%  8/15/28       3,500      3,087
  Central Texas Turnpike System Highway Revenue 5.000%  8/15/33      21,010     23,798
  Central Texas Turnpike System Highway Revenue 5.000%  8/15/34      30,335     34,603
  Central Texas Turnpike System Highway Revenue 5.000%  8/15/35      19,780     22,485
  Central Texas Turnpike System Highway Revenue 5.000%  8/15/35      52,175     59,174
  Central Texas Turnpike System Highway Revenue 5.000%  8/15/36      30,000     33,959
  Central Texas Turnpike System Highway Revenue 5.000%  8/15/36      15,745     17,782
  Central Texas Turnpike System Highway Revenue 5.000%  8/15/37       4,450      5,010
  Central Texas Turnpike System Highway Revenue 5.000%  8/15/39      38,440     41,082
  Central Texas Turnpike System Highway Revenue 5.000%  8/15/39      10,000     11,080
  Central Texas Turnpike System Highway Revenue 3.000%  8/15/40      12,555     10,786
  Central Texas Turnpike System Highway Revenue 5.000%  8/15/40       4,040      4,448
  Central Texas Turnpike System Highway Revenue 5.000%  8/15/41       2,225      2,429
  Central Texas Turnpike System Highway Revenue 5.000%  8/15/42       4,570      4,952
  Central Texas Turnpike System Highway Revenue PUT 5.000%  8/15/30      15,705     16,638
  Chambers County Justice Center Public Facilities Corp. Lease (Appropriation) Revenue (Justice Center Project) 5.000%   6/1/32       1,535      1,716
  Chambers County Justice Center Public Facilities Corp. Lease (Appropriation) Revenue (Justice Center Project) 5.000%   6/1/33       3,190      3,590
  Chambers County Justice Center Public Facilities Corp. Lease (Appropriation) Revenue (Justice Center Project) 5.000%   6/1/40       4,525      4,875
  Chambers County Justice Center Public Facilities Corp. Lease (Appropriation) Revenue (Justice Center Project) 5.000%   6/1/41       2,500      2,674
  Chambers County Justice Center Public Facilities Corp. Lease (Appropriation) Revenue (Justice Center Project) 5.000%   6/1/42       5,005      5,316
  Chambers County Justice Center Public Facilities Corp. Lease (Appropriation) Revenue (Justice Center Project) 5.000%   6/1/43       5,260      5,553
  Chambers County Justice Center Public Facilities Corp. Lease (Appropriation) Revenue (Justice Center Project) 5.000%   6/1/44       5,530      5,802
20 Channelview Independent School District GO 2.000%  8/15/40       1,000        718
20 Clear Creek Independent School District GO 5.000%  2/15/31       3,750      3,753
20 Clear Creek Independent School District GO 5.000%  2/15/31       3,710      4,140
20 Clear Creek Independent School District GO 5.000%  2/15/32       2,260      2,545
20 Clear Creek Independent School District GO 5.000%  2/15/33       2,475      2,814
20 Clear Creek Independent School District GO 5.000%  2/15/40       2,520      2,786
20 Clear Creek Independent School District GO 5.000%  2/15/41       3,845      4,213
  Cleburne TX GO 4.000%  2/15/42       2,440      2,334
  Clifton Higher Education Finance Corp. Charter School Aid Revenue 5.000%  8/15/30         385        415
  Clifton Higher Education Finance Corp. Charter School Aid Revenue 5.000%  8/15/31         830        901
20 Clifton Higher Education Finance Corp. Charter School Aid Revenue 5.000%  8/15/31         575        636
20 Clifton Higher Education Finance Corp. Charter School Aid Revenue 4.000%   4/1/32         355        365
20 Clifton Higher Education Finance Corp. Charter School Aid Revenue 4.000%   4/1/33         815        832
  Clifton Higher Education Finance Corp. Charter School Aid Revenue 4.000%  8/15/33         535        543
20 Clifton Higher Education Finance Corp. Charter School Aid Revenue 4.000%  8/15/33       1,110      1,156
20 Clifton Higher Education Finance Corp. Charter School Aid Revenue 4.000%   4/1/34       1,155      1,174
  Clifton Higher Education Finance Corp. Charter School Aid Revenue 4.000%  8/15/34         555        561
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
20 Clifton Higher Education Finance Corp. Charter School Aid Revenue 4.000%  8/15/34         950        982
20 Clifton Higher Education Finance Corp. Charter School Aid Revenue 4.000%   4/1/35         400        406
  Clifton Higher Education Finance Corp. Charter School Aid Revenue 4.000%  8/15/35         410        413
20 Clifton Higher Education Finance Corp. Charter School Aid Revenue 4.000%  8/15/35       1,100      1,133
20 Clifton Higher Education Finance Corp. Charter School Aid Revenue 4.000%   4/1/36         500        506
20 Clifton Higher Education Finance Corp. Charter School Aid Revenue 5.000%  8/15/36       1,100      1,203
  Clifton Higher Education Finance Corp. Charter School Aid Revenue 4.000%  8/15/37         785        784
20 Clifton Higher Education Finance Corp. Charter School Aid Revenue 4.000%  8/15/37       1,000      1,022
20 Clifton Higher Education Finance Corp. Charter School Aid Revenue 5.000%  8/15/37       1,280      1,411
20 Clifton Higher Education Finance Corp. Charter School Aid Revenue 5.000%  8/15/37       1,000      1,089
  Clifton Higher Education Finance Corp. Charter School Aid Revenue 4.000%  8/15/38       1,090      1,080
20 Clifton Higher Education Finance Corp. Charter School Aid Revenue 4.000%  8/15/38       1,400      1,425
20 Clifton Higher Education Finance Corp. Charter School Aid Revenue 5.000%  8/15/38       1,000      1,094
20 Clifton Higher Education Finance Corp. Charter School Aid Revenue 5.000%  8/15/38       1,200      1,301
  Clifton Higher Education Finance Corp. Charter School Aid Revenue 4.000%  8/15/39       1,855      1,818
20 Clifton Higher Education Finance Corp. Charter School Aid Revenue 4.000%  8/15/39       1,500      1,519
20 Clifton Higher Education Finance Corp. Charter School Aid Revenue 5.000%  8/15/39       1,250      1,360
20 Clifton Higher Education Finance Corp. Charter School Aid Revenue 5.000%  8/15/39       1,000      1,080
  Clifton Higher Education Finance Corp. Charter School Aid Revenue 4.000%  8/15/40       1,180      1,146
20 Clifton Higher Education Finance Corp. Charter School Aid Revenue 4.000%  8/15/40       1,500      1,508
  Clifton Higher Education Finance Corp. Charter School Aid Revenue 4.000%  8/15/41       1,225      1,177
20 Clifton Higher Education Finance Corp. Charter School Aid Revenue 4.000%  8/15/41       1,960      1,952
  Clifton Higher Education Finance Corp. Charter School Aid Revenue 4.000%  8/15/42       1,275      1,214
20 Clifton Higher Education Finance Corp. Charter School Aid Revenue 4.000%  8/15/42       1,400      1,378
20 Clifton Higher Education Finance Corp. Charter School Aid Revenue 4.000%  8/15/42       3,860      3,799
20 Clifton Higher Education Finance Corp. Charter School Aid Revenue 4.000%  8/15/44      14,000     13,561
  Clifton Higher Education Finance Corp. College & University Revenue (Southwestern University Project) 5.000%  8/15/32       1,765      1,922
  Clifton Higher Education Finance Corp. College & University Revenue (Southwestern University Project) 5.000%  8/15/33       2,010      2,203
  Clifton Higher Education Finance Corp. College & University Revenue (Southwestern University Project) 5.000%  8/15/35       1,125      1,215
  Clifton Higher Education Finance Corp. College & University Revenue (Southwestern University Project) 5.250%  8/15/36       1,170      1,276
  Clifton Higher Education Finance Corp. College & University Revenue (Southwestern University Project) 5.250%  8/15/37       1,250      1,351
20 College Station Independent School District GO 3.000%  2/15/44       3,755      3,003
  College Station TX GO 4.000%  2/15/41       1,735      1,712
  College Station TX GO 4.000%  2/15/42       1,805      1,768
  College Station TX GO 4.000%  2/15/43       1,880      1,826
  College Station TX GO 4.000%  2/15/44       1,955      1,884
  Collin County Community College District GO 5.000%  8/15/29       1,000      1,090
  Collin County Community College District GO 3.000%  8/15/39       5,000      4,449
  Collin County TX GO 5.000%  2/15/27       1,335      1,394
  Collin County TX GO 5.000%  2/15/33       2,000      2,147
  Collin County TX GO 3.000%  2/15/36         370        346
  Collin County TX GO 5.000%  2/15/37       2,250      2,523
  Collin County TX GO 4.000%  2/15/38       2,480      2,519
  Collin County TX GO 5.000%  2/15/38       2,880      3,198
  Collin County TX GO 4.000%  2/15/43      13,035     12,780
  Collin County TX GO 4.000%  2/15/44      12,560     12,210
  Colorado River Municipal Water District Water Revenue 5.000%   1/1/26       1,715      1,747
20 Comal Independent School District GO 5.000%   2/1/29       7,245      7,393
20 Comal Independent School District GO 4.000%   2/1/35       3,250      3,358
20 Comal Independent School District GO 4.000%   2/1/36       2,250      2,310
20 Comal Independent School District GO 3.000%  2/15/40       2,805      2,498
20 Comal Independent School District GO 3.000%   2/1/41      12,000     10,151
20 Comal Independent School District GO 3.000%  2/15/41       2,270      1,982
20 Comal Independent School District GO 3.000%  2/15/42       2,245      1,936
20 Comal Independent School District GO 3.000%  2/15/43       2,710      2,307
20 Comanche Independent School District GO 5.000%  2/15/42       2,400      2,623
20 Community TX Independent School District GO 5.000%  2/15/37       1,205      1,313
20 Community TX Independent School District GO 5.000%  2/15/39       1,440      1,551
20 Community TX Independent School District GO 5.000%  2/15/42       1,935      2,093
20 Conroe Independent School District GO 5.000%  2/15/27       1,410      1,471
20 Conroe Independent School District GO 3.000%  2/15/40       4,015      3,521
20 Conroe Independent School District GO 3.000%  2/15/41       3,000      2,586
20 Conroe Independent School District GO 5.000%  2/15/41       5,000      5,515
20 Conroe Independent School District GO 5.000%  2/15/42      29,195     31,996
20 Conroe Independent School District GO 5.000%  2/15/43      17,500     19,037
20 Conroe Independent School District GO 5.000%  2/15/44      21,000     22,745
  Conroe Local Government Corp. Lease (Non-Terminable) Revenue 5.000%  10/1/28         125        133
  Conroe Local Government Corp. Lease (Non-Terminable) Revenue 5.000%  10/1/29         170        183
  Conroe Local Government Corp. Lease (Non-Terminable) Revenue 5.000%  10/1/30         150        164
  Conroe Local Government Corp. Lease (Non-Terminable) Revenue 5.000%  10/1/31         165        182
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Conroe Local Government Corp. Lease (Non-Terminable) Revenue 5.000%  10/1/32         200        220
  Conroe Local Government Corp. Lease (Non-Terminable) Revenue 5.000%  10/1/33         235        257
  Conroe Local Government Corp. Lease (Non-Terminable) Revenue 5.000%  10/1/35         260        282
  Conroe Local Government Corp. Lease (Non-Terminable) Revenue 5.000%  10/1/36         280        302
  Conroe TX GO 5.000% 11/15/26         980      1,015
  Conroe TX GO 5.000% 11/15/27       1,035      1,091
  Conroe TX GO 5.000% 11/15/28       1,720      1,842
  Conroe TX GO 5.000%   3/1/34         300        334
  Conroe TX GO 5.000% 11/15/34         240        268
  Conroe TX GO 5.000%   3/1/35         435        482
  Conroe TX GO 5.000% 11/15/35         210        234
  Conroe TX GO 5.000%   3/1/36         465        513
  Conroe TX GO 5.000% 11/15/36         420        465
  Conroe TX GO 4.000%   3/1/37         905        926
  Conroe TX GO 4.000% 11/15/37         915        933
  Conroe TX GO 4.125% 11/15/38         955        976
  Conroe TX GO 5.000% 11/15/39         450        491
  Conroe TX GO 5.000% 11/15/40         630        682
  Conroe TX GO 4.250%   3/1/41       1,135      1,152
  Conroe TX GO 5.000%   3/1/41       1,075      1,163
  Conroe TX GO 4.000% 11/15/41       2,305      2,290
  Conroe TX GO 5.000% 11/15/42         475        508
20 Coppell Independent School District GO 5.000%  8/15/39       1,000      1,105
20 Coppell Independent School District GO 4.000%  8/15/42       1,000      1,000
20 Corpus Christi Independent School District GO 4.000%  8/15/33       3,500      3,562
20 Corpus Christi Independent School District GO 4.000%  8/15/35       2,000      2,027
20 Corpus Christi Independent School District GO 5.000%  8/15/40       1,430      1,566
20 Corpus Christi Independent School District GO 5.000%  8/15/41       1,765      1,922
20 Corpus Christi Independent School District GO 4.000%  8/15/42       3,880      3,852
20 Corpus Christi Independent School District GO 5.000%  8/15/42       3,435      3,725
20 Corpus Christi Independent School District GO 5.000%  8/15/43       3,450      3,726
20 Corpus Christi Independent School District GO 5.000%  8/15/44       1,920      2,066
  Corpus Christi TX Utility System Multiple Utility Revenue 4.000%  7/15/45       1,000        961
  Corpus Christi TX Utility System Water Revenue 5.000%  7/15/33         500        560
  Corpus Christi TX Utility System Water Revenue 5.000%  7/15/35         830        920
  Corpus Christi TX Utility System Water Revenue 5.000%  7/15/36       1,500      1,674
  Corpus Christi TX Utility System Water Revenue 5.000%  7/15/37       1,800      1,980
  Corpus Christi TX Utility System Water Revenue 5.000%  7/15/37       1,370      1,522
  Corpus Christi TX Utility System Water Revenue 5.000%  7/15/38       1,000      1,105
  Corpus Christi TX Utility System Water Revenue 5.000%  7/15/39       2,000      2,178
  Corpus Christi TX Utility System Water Revenue 5.000%  7/15/39       1,870      2,053
  Corpus Christi TX Utility System Water Revenue 5.000%  7/15/40       2,500      2,732
  Corpus Christi TX Utility System Water Revenue 5.000%  7/15/41       1,650      1,778
  Corpus Christi TX Utility System Water Revenue 5.000%  7/15/43       6,590      7,126
  Corpus Christi TX Utility System Water Revenue 5.000%  7/15/44       4,000      4,306
20 Cotulla TX Independent School District GO 5.000%  2/15/29         715        775
20 Cotulla TX Independent School District GO 5.000%  2/15/30       1,000      1,102
20 Crandall Independent School District GO 4.000%  8/15/41       1,170      1,174
20 Crandall Independent School District GO 4.000%  8/15/42         805        804
20 Crosby Independent School District GO 5.000%  2/15/37       1,250      1,396
20 Crowley Independent School District GO 5.000%   2/1/40       4,700      5,126
20 Crowley Independent School District GO 5.000%   2/1/41       1,030      1,117
20 Cypress-Fairbanks Independent School District GO 5.000%  2/15/32       2,000      2,257
20 Cypress-Fairbanks Independent School District GO 5.000%  2/15/33       2,500      2,844
6,20 Cypress-Fairbanks Independent School District GO 5.000%  2/15/33       3,200      3,639
20 Cypress-Fairbanks Independent School District GO 5.000%  2/15/34       2,000      2,234
20 Cypress-Fairbanks Independent School District GO 5.000%  2/15/34       2,760      3,170
20 Cypress-Fairbanks Independent School District GO 5.000%  2/15/41       2,750      3,025
20 Cypress-Fairbanks Independent School District GO 5.000%  2/15/42       2,750      3,005
20 Cypress-Fairbanks Independent School District GO 4.000%  2/15/43       7,370      7,320
13 Dallas Area Rapid Transit Sales Tax Revenue 5.250%  12/1/28       1,000      1,085
  Dallas Area Rapid Transit Sales Tax Revenue 5.000%  12/1/34       2,280      2,352
  Dallas Area Rapid Transit Sales Tax Revenue 4.000%  12/1/37       2,500      2,505
  Dallas Area Rapid Transit Sales Tax Revenue 4.000%  12/1/37       3,010      3,044
  Dallas Area Rapid Transit Sales Tax Revenue 5.000%  12/1/47       2,045      2,131
  Dallas Area Rapid Transit Sales Tax Revenue, Prere. 5.000%  12/1/25       1,300      1,323
  Dallas Convention Center Hotel Development Corp. Hotel Occupancy Tax Revenue 0.000%   1/1/26       3,070      2,969
  Dallas County Hospital District GO 5.000%  8/15/31      15,395     16,294
  Dallas County Hospital District GO 5.000%  8/15/32      14,520     15,307
  Dallas County TX GO 5.000%  8/15/40       3,560      3,887
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Dallas County Utility & Reclamation District GO 5.000%  2/15/25       8,390      8,395
  Dallas County Utility & Reclamation District GO 5.000%  2/15/26       8,060      8,225
  Dallas County Utility & Reclamation District GO 5.000%  2/15/27       8,265      8,575
  Dallas County Utility & Reclamation District GO 5.000%  2/15/28       2,695      2,837
  Dallas Fort Worth International Airport Port, Airport & Marina Revenue 5.000%  11/1/31       2,550      2,860
  Dallas Fort Worth International Airport Port, Airport & Marina Revenue 5.000%  11/1/32       6,740      7,640
  Dallas Fort Worth International Airport Port, Airport & Marina Revenue 5.000%  11/1/33       5,440      6,225
  Dallas Fort Worth International Airport Port, Airport & Marina Revenue 4.000%  11/1/34      10,250     10,470
  Dallas Fort Worth International Airport Port, Airport & Marina Revenue 5.000%  11/1/34       5,000      5,747
  Dallas Fort Worth International Airport Port, Airport & Marina Revenue 4.000%  11/1/35      15,210     15,492
  Dallas Fort Worth International Airport Port, Airport & Marina Revenue 4.000%  11/1/35       7,500      7,639
1 Dallas Fort Worth International Airport Port, Airport & Marina Revenue 4.000%  11/1/35      23,500     23,935
  Dallas Fort Worth International Airport Port, Airport & Marina Revenue 5.000%  11/1/35       5,325      6,065
  Dallas Fort Worth International Airport Port, Airport & Marina Revenue 5.000%  11/1/36       9,000     10,207
  Dallas Fort Worth International Airport Port, Airport & Marina Revenue 4.000%  11/1/37       3,125      3,153
  Dallas Fort Worth International Airport Port, Airport & Marina Revenue 5.000%  11/1/37       2,000      2,232
  Dallas Fort Worth International Airport Port, Airport & Marina Revenue 4.000%  11/1/38       1,165      1,168
  Dallas Fort Worth International Airport Port, Airport & Marina Revenue 5.000%  11/1/39       2,750      3,037
  Dallas Fort Worth International Airport Port, Airport & Marina Revenue 5.000%  11/1/39       9,000     10,031
  Dallas Fort Worth International Airport Port, Airport & Marina Revenue 3.000%  11/1/40       5,000      4,197
  Dallas Fort Worth International Airport Port, Airport & Marina Revenue 5.000%  11/1/40       2,500      2,711
  Dallas Fort Worth International Airport Port, Airport & Marina Revenue 5.000%  11/1/40       2,605      2,863
  Dallas Fort Worth International Airport Port, Airport & Marina Revenue 5.000%  11/1/40       6,475      7,178
  Dallas Fort Worth International Airport Port, Airport & Marina Revenue 5.000%  11/1/41       3,965      4,318
  Dallas Fort Worth International Airport Port, Airport & Marina Revenue 5.000%  11/1/41       8,250      9,055
  Dallas Fort Worth International Airport Port, Airport & Marina Revenue 5.000%  11/1/42      18,140     19,804
  Dallas Fort Worth International Airport Port, Airport & Marina Revenue 5.000%  11/1/43      18,605     20,152
  Dallas Fort Worth International Airport Port, Airport & Marina Revenue 5.000%  11/1/44      15,520     16,733
  Dallas Fort Worth International Airport Port, Airport & Marina Revenue 4.000%  11/1/45      14,520     14,136
  Dallas Housing Finance Corp. Revenue 4.350%  10/1/41       1,280      1,275
20 Dallas Independent School District GO 3.000%  2/15/37       2,125      1,924
20 Dallas Independent School District GO 5.000%  2/15/37       3,250      3,603
20 Dallas Independent School District GO 5.000%  2/15/39       4,000      4,382
20 Dallas Independent School District GO 5.000%  2/15/43       7,530      8,107
6,20 Dallas Independent School District GO PUT 5.000%  2/15/29       4,120      4,370
6,20 Dallas Independent School District GO PUT 5.000%  2/15/30       7,360      7,903
6,20 Dallas Independent School District GO PUT 5.000%  2/15/31      14,005     15,218
  Dallas TX GO 5.000%  2/15/33      17,010     19,285
  Dallas TX GO 3.000%  2/15/38       1,225      1,104
  Dallas TX GO 4.000%  2/15/41       3,125      3,094
  Dallas TX GO 5.000%  2/15/41       6,285      6,823
  Dallas TX GO 5.000%  2/15/43       6,465      6,954
  Dallas TX Hotel Occupancy Tax Revenue 4.000%  8/15/28       1,210      1,219
  Dallas TX Hotel Occupancy Tax Revenue 4.000%  8/15/29       2,200      2,213
  Dallas TX Hotel Occupancy Tax Revenue 4.000%  8/15/30       1,750      1,758
  Dallas TX Hotel Occupancy Tax Revenue 4.000%  8/15/31       1,750      1,756
  Dallas TX Hotel Occupancy Tax Revenue 4.000%  8/15/32       1,445      1,448
  Dallas TX Hotel Occupancy Tax Revenue 4.000%  8/15/33       1,280      1,282
  Dallas TX Hotel Occupancy Tax Revenue 4.000%  8/15/34       1,750      1,750
  Dallas TX Hotel Occupancy Tax Revenue 4.000%  8/15/35       1,780      1,783
  Dallas TX Hotel Occupancy Tax Revenue 4.000%  8/15/36       1,000        984
  Dallas TX Hotel Occupancy Tax Revenue 4.000%  8/15/37       1,750      1,705
  Dallas TX Waterworks & Sewer System Water Revenue 5.000%  10/1/33       5,715      6,508
  Dallas TX Waterworks & Sewer System Water Revenue 5.000%  10/1/36       5,010      5,112
20 Del Valle Independent School District TX GO 5.000%  6/15/35       3,400      3,738
20 Del Valle Independent School District TX GO 5.000%  6/15/36       2,250      2,472
20 Del Valle Independent School District TX GO 4.000%  6/15/37       1,915      1,958
20 Del Valle Independent School District TX GO 4.000%  6/15/38       2,500      2,545
20 Del Valle Independent School District TX GO 2.000%  6/15/39       4,250      3,136
20 Del Valle Independent School District TX GO 4.000%  6/15/39       3,850      3,897
20 Del Valle Independent School District TX GO 2.000%  6/15/40       1,600      1,157
20 Del Valle Independent School District TX GO 2.000%  6/15/41       1,500      1,057
  Denton County Housing Finance Corp. Local or Guaranteed Housing Revenue PUT 5.000%   2/1/25       2,250      2,250
  Denton County TX GO 4.000%  7/15/41       4,950      4,931
  Denton County TX GO 4.000%  7/15/42       5,255      5,192
4 Denton County TX Special Assessment Revenue 4.625% 12/31/31         600        599
4 Denton County TX Special Assessment Revenue 5.250% 12/31/44       2,000      1,958
20 Denton Independent School District GO 5.000%  8/15/30       7,775      7,928
20 Denton Independent School District GO 5.000%  8/15/37       1,360      1,410
20 Denton Independent School District GO 5.000%  8/15/37       1,385      1,557
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
20 Denton Independent School District GO 5.000%  8/15/38       1,920      2,142
20 Denton Independent School District GO 5.000%  8/15/39       4,130      4,581
20 Denton Independent School District GO 5.000%  8/15/40       3,705      4,091
20 Denton Independent School District GO 5.000%  8/15/41       2,965      3,256
20 Denton Independent School District GO 5.000%  8/15/42       6,350      6,935
20 Denton Independent School District GO 3.000%  8/15/43       2,500      2,055
20 Denton Independent School District GO 5.000%  8/15/48       5,000      5,337
  Denton TX GO 4.000%  2/15/39       3,605      3,625
  Denton TX GO 4.000%  2/15/40       2,560      2,563
  Denton TX GO 4.000%  2/15/40       6,995      7,005
  Denton TX GO 4.000%  2/15/41       7,275      7,236
  Denton TX GO 4.000%  2/15/42       2,675      2,638
  Denton TX GO 4.000%  2/15/42       2,285      2,256
  Denton TX GO 4.000%  2/15/42       2,005      1,980
  Denton TX GO 4.000%  2/15/42       5,710      5,638
  Denton TX GO 4.000%  2/15/43       7,880      7,717
  Denton TX GO 4.000%  2/15/43       2,240      2,194
  Denton TX GO 4.000%  2/15/43       5,950      5,827
  Denton TX GO 4.000%  2/15/44       3,190      3,098
  Denton TX Utility System Water Revenue 5.000%  12/1/31       2,000      2,059
4,5 Deutsche Bank Spears/Lifers Trust Local or Guaranteed Housing Revenue TOB VRDO 2.200%   2/3/25      23,960     23,960
20 Dickinson Independent School District GO 5.000%  2/15/37       2,375      2,653
20 Dickinson Independent School District GO 5.000%  2/15/38       3,750      4,160
20 Dickinson Independent School District GO 4.000%  2/15/41       3,175      3,189
20 Dickinson Independent School District GO 4.000%  2/15/43       3,460      3,436
20 Donna TX Independent School District GO 5.000%  2/15/37         760        847
20 Donna TX Independent School District GO 5.000%  2/15/38       1,605      1,776
20 Donna TX Independent School District GO 5.000%  2/15/39         950      1,042
20 Donna TX Independent School District GO 5.000%  2/15/42         750        811
4 Dorchester TX Special Assessment Revenue 5.250%  9/15/31         305        302
20 Dripping Springs TX Independent School District GO 5.000%  2/15/28       1,250      1,329
20 Dripping Springs TX Independent School District GO 5.000%  2/15/30       1,250      1,372
20 Duncanville TX Independent School District GO 5.000%  2/15/32       2,940      3,308
20 Duncanville TX Independent School District GO 5.000%  2/15/33       1,435      1,632
20 Duncanville TX Independent School District GO 5.000%  2/15/42       4,885      5,291
20 Duncanville TX Independent School District GO 5.000%  2/15/43       5,800      6,249
20 Duncanville TX Independent School District GO 5.000%  2/15/44       5,600      6,005
20 Duncanville TX Independent School District GO, Prere. 5.000%  2/15/25      10,785     10,793
20 Eagle Mountain & Saginaw Independent School District GO 3.000%  8/15/37       2,250      2,016
20 Eagle Mountain & Saginaw Independent School District GO 5.000%  8/15/41       1,375      1,497
20 Eagle Mountain & Saginaw Independent School District GO 5.000%  8/15/42       2,000      2,169
20 Eagle Mountain & Saginaw Independent School District GO 5.000%  8/15/43       1,750      1,890
20 Eagle Mountain & Saginaw Independent School District GO 5.000%  8/15/44       1,500      1,614
20 Eanes Independent School District GO 5.000%   8/1/39       1,290      1,408
20 East Central Independent School District GO 4.000%  8/15/40       2,645      2,685
20 East Central Independent School District GO 4.000%  8/15/41       3,500      3,538
20 East Central Independent School District GO 4.000%  8/15/42       3,640      3,648
20 East Central Independent School District GO 4.000%  8/15/43       3,790      3,725
20 East Central Independent School District GO 4.000%  8/15/44       3,640      3,550
8 East Montgomery County Improvement District Sales Tax Revenue 5.000%  8/15/31         225        248
8 East Montgomery County Improvement District Sales Tax Revenue 5.000%  8/15/32         500        556
8 East Montgomery County Improvement District Sales Tax Revenue 5.000%  8/15/33         370        414
8 East Montgomery County Improvement District Sales Tax Revenue 5.000%  8/15/34         550        619
8 East Montgomery County Improvement District Sales Tax Revenue 5.000%  8/15/40         725        787
8 East Montgomery County Improvement District Sales Tax Revenue 5.000%  8/15/41         750        809
8 East Montgomery County Improvement District Sales Tax Revenue 5.000%  8/15/42         740        794
  Ector County Hospital District GO 5.000%  9/15/28       1,100      1,131
  Ector County Hospital District GO 5.000%  9/15/29         780        806
  Ector County Hospital District GO 5.000%  9/15/30         850        882
  Ector County Hospital District GO 5.000%  9/15/32       1,750      1,803
  Ector County Hospital District GO 4.000%  9/15/35       1,400      1,292
20 Ector County Independent School District GO 5.000%  8/15/40       2,925      3,203
20 Ector County Independent School District GO 5.000%  8/15/41       3,205      3,490
20 Ector County Independent School District GO 5.000%  8/15/42       5,735      6,220
20 Ector County Independent School District GO 5.000%  8/15/43       3,535      3,818
  Ector County TX GO 5.000%  2/15/31       2,415      2,661
  Ector County TX GO 5.000%  2/15/32       3,230      3,595
  Ector County TX GO 5.000%  2/15/33       2,370      2,662
  Ector County TX GO 5.000%  2/15/34       1,555      1,761
  Ector County TX GO 5.000%  2/15/37       5,010      5,596
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Ector County TX GO 5.000%  2/15/38       7,735      8,567
  Ector County TX GO 5.000%  2/15/43      10,000     10,704
  Ector County TX GO 5.000%  2/15/44      10,000     10,657
8 El Paso County Hospital District GO 5.000%  8/15/29       1,150      1,239
8 El Paso County Hospital District GO 5.000%  8/15/30       1,235      1,344
8 El Paso County Hospital District GO 5.000%  8/15/31       1,000      1,098
8 El Paso County Hospital District GO 5.000%  8/15/32       2,100      2,325
8 El Paso County Hospital District GO 5.000%  8/15/33       2,000      2,229
8 El Paso County Hospital District GO 5.000%  8/15/39       7,285      7,891
8 El Paso County Hospital District GO 5.000%  8/15/40       2,780      2,992
8 El Paso County Hospital District GO 5.000%  8/15/41      12,480     13,302
8 El Paso County Hospital District GO 5.000%  8/15/42       6,310      6,716
8 El Paso County Hospital District GO 5.000%  8/15/43       2,270      2,405
  El Paso Downtown Development Corp. Lease (Appropriation) Revenue (Downtown Ballpark Venue Project) 5.000%  8/15/26       1,065      1,094
20 El Paso Independent School District GO 5.000%  8/15/35       5,380      5,523
20 El Paso Independent School District GO 5.000%  8/15/36       5,000      5,127
20 El Paso Independent School District GO 5.000%  8/15/37       3,050      3,126
20 El Paso Independent School District GO 5.000%  8/15/38       1,700      1,740
  El Paso TX GO 5.000%  8/15/27       1,000      1,026
  El Paso TX GO 5.000%  8/15/29       1,005      1,029
  El Paso TX GO 4.000%  8/15/30       3,480      3,514
  El Paso TX GO 5.000%  8/15/31       4,050      4,141
  El Paso TX GO 5.000%  8/15/32       3,625      3,703
  El Paso TX GO 5.000%  8/15/32         680        732
  El Paso TX GO 3.000%  8/15/33         375        356
  El Paso TX GO 5.000%  8/15/33       1,300      1,393
  El Paso TX GO 5.000%  8/15/33       1,500      1,608
  El Paso TX GO 3.000%  8/15/34         710        670
  El Paso TX GO 4.000%  8/15/34         435        446
  El Paso TX GO 5.000%  8/15/34       4,570      4,658
  El Paso TX GO 3.000%  8/15/35         430        401
  El Paso TX GO 4.000%  8/15/35       1,000      1,019
  El Paso TX GO 4.000%  8/15/35       1,075      1,095
  El Paso TX GO 4.000%  8/15/35         450        460
  El Paso TX GO 5.000%  8/15/35       4,795      4,881
  El Paso TX GO 5.000%  8/15/35       1,150      1,171
  El Paso TX GO 3.000%  8/15/36         485        448
  El Paso TX GO 4.000%  8/15/36       1,010      1,025
  El Paso TX GO 4.000%  8/15/36       1,000      1,015
  El Paso TX GO 4.000%  8/15/36         500        509
  El Paso TX GO 5.000%  8/15/36       4,005      4,072
  El Paso TX GO 5.000%  8/15/36       5,035      5,119
  El Paso TX GO 4.000%  8/15/37         500        505
  El Paso TX GO 4.000%  8/15/37       1,110      1,122
  El Paso TX GO 4.000%  8/15/37         680        689
  El Paso TX GO 3.000%  8/15/38         720        646
  El Paso TX GO 4.000%  8/15/38       1,155      1,162
  El Paso TX GO 4.000%  8/15/38       1,000      1,007
  El Paso TX GO 3.000%  8/15/39       1,575      1,391
  El Paso TX GO 4.000%  8/15/39       1,000      1,001
  El Paso TX GO 4.000%  8/15/40       1,000        989
  El Paso TX GO 5.000%  8/15/42       9,500      9,567
  El Paso TX Municipal Drainage Utility System Sewer Revenue 4.000%   3/1/29       2,150      2,185
  El Paso TX Water & Sewer Water Revenue 5.000%   3/1/25       2,655      2,659
  El Paso TX Water & Sewer Water Revenue 4.000%   3/1/33       2,100      2,123
  El Paso TX Water & Sewer Water Revenue 5.000%   3/1/33       2,750      2,980
  El Paso TX Water & Sewer Water Revenue 4.000%   3/1/34       1,700      1,716
  El Paso TX Water & Sewer Water Revenue 5.000%   3/1/34       3,530      3,809
  El Paso TX Water & Sewer Water Revenue 5.000%   3/1/35       4,560      4,908
  El Paso TX Water & Sewer Water Revenue 5.000%   3/1/37       5,000      5,343
  El Paso TX Water & Sewer Water Revenue 5.000%   3/1/38       5,980      6,351
  El Paso TX Water & Sewer Water Revenue 4.000%   3/1/44      15,000     14,638
  El Paso TX Water & Sewer Water Revenue 5.000%   3/1/46      13,400     14,053
20 Elgin Independent School District GO 5.000%   8/1/40       2,515      2,785
20 Elgin Independent School District GO 5.000%   8/1/41       5,265      5,795
20 Elgin Independent School District GO 5.000%   8/1/42       4,430      4,855
20 Elgin Independent School District GO 5.000%   8/1/43       2,500      2,727
20 Elgin Independent School District GO 5.000%   8/1/44       3,500      3,803
  EP Cimarron Ventanas PFC Local or Guaranteed Housing Revenue (Home Essential Function Housing Program) 4.125%  12/1/39       5,575      5,399
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  EP Essential Housing WF PFC Local or Guaranteed Housing Revenue 4.250%  12/1/34      33,345     33,348
  EP Royal Estates PFC Local or Guaranteed Housing Revenue (El Paso Royal Apartments Project) 4.250%  10/1/39       2,500      2,459
20 Forney Independent School District GO 4.000%  8/15/34       2,355      2,442
20 Forney Independent School District GO 3.000%  8/15/35       4,910      4,490
20 Forney Independent School District GO 5.000%  8/15/35       2,300      2,528
20 Forney Independent School District GO 3.000%  8/15/36       5,375      4,852
20 Forney Independent School District GO 3.000%  2/15/39       1,000        873
20 Forney Independent School District GO 5.000%  8/15/39       1,200      1,309
20 Forney Independent School District GO 5.000%  8/15/40      10,745     11,566
20 Forney Independent School District GO 5.000%  8/15/40       1,205      1,309
1 Forney Independent School District GO 0.000%  8/15/41       1,000        472
20 Forney Independent School District GO 4.000%  8/15/41       8,000      8,021
20 Forney Independent School District GO 5.000%  8/15/41       1,380      1,491
20 Forney Independent School District GO 4.000%  8/15/42       8,000      7,953
20 Forney Independent School District GO 5.000%  8/15/42       1,000      1,076
1 Forney Independent School District GO 0.000%  8/15/43       1,000        424
20 Forney Independent School District GO 5.000%  8/15/43       2,000      2,143
1 Fort Bend County Municipal Utility District No. 58 GO 3.000%   4/1/27         360        358
1 Fort Bend County Municipal Utility District No. 58 GO 3.000%   4/1/28         235        232
1 Fort Bend County Municipal Utility District No. 58 GO 3.000%   4/1/29         720        705
1 Fort Bend County Municipal Utility District No. 58 GO 3.000%   4/1/29         335        328
1 Fort Bend County Municipal Utility District No. 58 GO 3.000%   4/1/30         720        693
1 Fort Bend County Municipal Utility District No. 58 GO 3.000%   4/1/31         500        478
1 Fort Bend County Municipal Utility District No. 58 GO 3.000%   4/1/31         780        745
1 Fort Bend County Municipal Utility District No. 58 GO 3.000%   4/1/32         580        548
1 Fort Bend County Municipal Utility District No. 58 GO 3.000%   4/1/32         340        321
1 Fort Bend County Municipal Utility District No. 58 GO 3.000%   4/1/33         400        373
1 Fort Bend County Municipal Utility District No. 58 GO 3.000%   4/1/33         820        766
1 Fort Bend County Municipal Utility District No. 58 GO 3.000%   4/1/34         450        415
1 Fort Bend County Municipal Utility District No. 58 GO 3.000%   4/1/34         870        801
1 Fort Bend County Municipal Utility District No. 58 GO 3.000%   4/1/37       1,575      1,376
1 Fort Bend County Municipal Utility District No. 58 GO 3.000%   4/1/37         435        380
  Fort Bend County TX GO 5.000%   3/1/28       5,000      5,007
  Fort Bend County TX GO 5.000%   3/1/42       3,770      4,117
  Fort Bend County TX GO 5.000%   3/1/42       6,510      7,110
  Fort Bend County TX GO 5.000%   3/1/43       3,965      4,311
  Fort Bend County TX GO 5.000%   3/1/43       8,110      8,818
  Fort Bend County TX GO 5.000%   3/1/44       4,170      4,517
  Fort Bend County TX GO 5.000%   3/1/44       8,630      9,349
  Fort Bend Grand Parkway Toll Road Authority Highway Revenue 3.000%   3/1/46       2,995      2,380
20 Fort Worth Independent School District GO 4.000%  2/15/42       2,000      1,994
  Fort Worth TX GO 5.000%   3/1/28       3,875      3,957
  Fort Worth TX GO 4.000%   3/1/40       5,225      5,217
  Fort Worth TX GO 4.000%   3/1/41       4,680      4,626
  Fort Worth TX GO 4.000%   3/1/41       5,475      5,416
  Fort Worth TX GO 4.000%   3/1/43      11,405     11,095
  Fort Worth TX GO 4.125%   3/1/44       2,680      2,626
  Fort Worth TX Water & Sewer System Water Revenue 4.000%  2/15/36       4,370      4,477
  Fort Worth TX Water & Sewer System Water Revenue 4.000%  2/15/38       3,785      3,836
  Fort Worth TX Water & Sewer System Water Revenue 2.000%  2/15/39       2,550      1,841
  Fort Worth TX Water & Sewer System Water Revenue 4.000%  2/15/39       4,980      5,022
  Fort Worth TX Water & Sewer System Water Revenue 2.000%  2/15/40       2,600      1,816
  Fort Worth TX Water & Sewer System Water Revenue 2.000%  2/15/41       1,655      1,118
  Fort Worth TX Water & Sewer System Water Revenue 2.000%  2/15/42       2,710      1,783
  Fort Worth TX Water & Sewer System Water Revenue 4.000%  2/15/42       3,970      3,925
  Fort Worth TX Water & Sewer System Water Revenue 4.000%  2/15/42       5,170      5,120
  Fort Worth TX Water & Sewer System Water Revenue 4.000%  2/15/43      19,450     19,050
14 Freddie Mac Pool 3.550%   1/1/40       6,600      6,104
20 Frenship Independent School District GO 3.000%  2/15/34       1,585      1,493
20 Frenship Independent School District GO 3.000%  2/15/35       1,225      1,132
20 Frenship Independent School District GO 3.000%  2/15/36       1,000        912
20 Frenship Independent School District GO 3.000%  2/15/38       1,000        889
20 Frisco Independent School District GO 5.000%  8/15/26       3,430      3,543
20 Frisco Independent School District GO 4.000%  8/15/30       4,075      4,139
20 Frisco Independent School District GO 4.000%  8/15/33       4,500      4,545
20 Frisco Independent School District GO 4.000%  8/15/34       1,300      1,305
20 Frisco Independent School District GO 4.000%  8/15/34       4,735      4,774
20 Frisco Independent School District GO 3.000%  2/15/37       2,500      2,292
20 Frisco Independent School District GO 5.000%  2/15/41       2,500      2,754
20 Frisco Independent School District GO 5.000%  2/15/42       4,000      4,374
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
20 Frisco Independent School District GO 5.000%  2/15/43       3,000      3,261
  Frisco TX GO 5.000%  2/15/27       5,475      5,602
  Frisco TX GO 5.000%  2/15/29       2,505      2,561
  Frisco TX GO 5.000%  2/15/30       7,390      8,120
  Frisco TX GO 4.000%  2/15/39       6,385      6,458
  Frisco TX GO 4.000%  2/15/40       5,680      5,704
  Frisco TX GO 4.000%  2/15/41       1,145      1,142
  Frisco TX GO 4.000%  2/15/42       1,360      1,344
  Frisco TX GO 4.000%  2/15/43       4,010      3,932
20 Galena Park Independent School District GO 5.000%  8/15/26       1,050      1,085
20 Galena Park Independent School District GO 5.000%  8/15/27       1,825      1,925
20 Galena Park Independent School District GO 5.000%  8/15/28       1,825      1,942
20 Galena Park Independent School District GO 5.000%  8/15/35       1,895      2,174
20 Galena Park Independent School District GO 5.000%  8/15/36       2,850      2,981
20 Galena Park Independent School District GO 5.000%  8/15/36       1,500      1,710
20 Galena Park Independent School District GO 5.000%  8/15/37       2,830      2,953
20 Galena Park Independent School District GO 5.000%  8/15/37       2,000      2,262
20 Galena Park Independent School District GO 3.000%  8/15/38       1,990      1,785
20 Galena Park Independent School District GO 5.000%  8/15/38       1,250      1,403
20 Galena Park Independent School District GO 5.000%  8/15/39         960      1,070
20 Galena Park Independent School District GO 5.000%  8/15/40       1,250      1,388
20 Galena Park Independent School District GO 5.000%  8/15/41       2,020      2,226
  Galveston County TX GO 4.000%   2/1/27       1,565      1,599
  Galveston County TX GO 4.000%   2/1/28       1,470      1,497
  Galveston County TX GO 4.000%   2/1/29       1,055      1,073
  Galveston County TX GO 5.000%   2/1/30       1,195      1,239
  Galveston County TX GO 4.000%   2/1/32       1,195      1,212
20 Galveston Independent School District GO 5.000%   2/1/27         845        881
20 Galveston Independent School District GO 5.000%   2/1/28         850        903
20 Galveston Independent School District GO 5.000%   2/1/33         725        785
20 Galveston Independent School District GO 5.000%   2/1/34       1,000      1,079
20 Galveston Independent School District GO 5.000%   2/1/35       1,225      1,317
20 Galveston Independent School District GO 5.000%   2/1/37       1,935      2,065
20 Galveston Independent School District GO 4.000%   2/1/39       7,450      7,501
20 Galveston Independent School District GO 4.000%   2/1/40       5,250      5,266
  Galveston TX Wharves & Terminal Port, Airport & Marina Revenue 5.000%   8/1/34         250        275
  Galveston TX Wharves & Terminal Port, Airport & Marina Revenue 5.000%   8/1/36         500        544
  Galveston TX Wharves & Terminal Port, Airport & Marina Revenue 5.000%   8/1/37       1,430      1,544
  Galveston TX Wharves & Terminal Port, Airport & Marina Revenue 5.250%   8/1/41         700        756
  Galveston TX Wharves & Terminal Port, Airport & Marina Revenue 5.250%   8/1/43         600        642
20 Garland Independent School District GO 5.000%  2/15/26       2,000      2,047
20 Garland Independent School District GO 5.000%  2/15/28       2,100      2,232
20 Garland Independent School District GO 5.000%  2/15/30       2,500      2,747
20 Garland Independent School District GO 5.000%  2/15/33       1,405      1,487
20 Garland Independent School District GO 5.000%  2/15/36         685        769
20 Garland Independent School District GO 5.000%  2/15/38       1,165      1,292
20 Garland Independent School District GO 5.000%  2/15/39       1,250      1,376
20 Garland Independent School District GO 4.000%  2/15/40       1,375      1,388
20 Garland Independent School District GO 5.000%  2/15/40       8,000      8,757
20 Garland Independent School District GO 5.000%  2/15/41       9,385     10,219
20 Garland Independent School District GO 4.000%  2/15/42       2,190      2,187
20 Garland Independent School District GO 5.000%  2/15/42       8,815      9,555
20 Garland Independent School District GO 5.000%  2/15/43       8,850      9,554
  Garland TX Electric Utility System Electric Power & Light Revenue 5.000%   3/1/30       1,280      1,373
8 Garland TX Electric Utility System Electric Power & Light Revenue 5.000%   3/1/30       1,100      1,199
  Garland TX Electric Utility System Electric Power & Light Revenue 5.000%   3/1/31       1,095      1,170
8 Garland TX Electric Utility System Electric Power & Light Revenue 5.000%   3/1/31       1,000      1,106
  Garland TX Electric Utility System Electric Power & Light Revenue 5.000%   3/1/32       1,355      1,442
8 Garland TX Electric Utility System Electric Power & Light Revenue 5.000%   3/1/32       1,000      1,116
  Garland TX Electric Utility System Electric Power & Light Revenue 5.000%   3/1/33       2,010      2,135
  Garland TX Electric Utility System Electric Power & Light Revenue 5.000%   3/1/33       1,000      1,015
8 Garland TX Electric Utility System Electric Power & Light Revenue 5.000%   3/1/33       1,000      1,124
  Garland TX Electric Utility System Electric Power & Light Revenue 5.000%   3/1/34       1,250      1,324
  Garland TX Electric Utility System Electric Power & Light Revenue 5.000%   3/1/34       1,000      1,014
8 Garland TX Electric Utility System Electric Power & Light Revenue 5.000%   3/1/34         950      1,075
  Garland TX Electric Utility System Electric Power & Light Revenue 4.000%   3/1/35       1,000      1,002
  Garland TX Electric Utility System Electric Power & Light Revenue 5.000%   3/1/35       1,115      1,178
  Garland TX Electric Utility System Electric Power & Light Revenue 5.000%   3/1/36       1,000      1,052
  Garland TX Electric Utility System Electric Power & Light Revenue 3.000%   3/1/37       1,250      1,146
  Garland TX Electric Utility System Electric Power & Light Revenue 4.000%   3/1/37       4,000      4,002
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Garland TX Electric Utility System Electric Power & Light Revenue 5.000%   3/1/37       1,000      1,050
  Garland TX Electric Utility System Electric Power & Light Revenue 5.000%   3/1/44       1,000      1,029
  Garland TX GO 5.000%  2/15/41       1,800      1,955
  Garland TX GO 5.000%  2/15/42       2,200      2,379
20 Georgetown Independent School District GO 5.000%  2/15/33         650        739
20 Georgetown Independent School District GO 5.000%  2/15/34       1,125      1,291
20 Georgetown Independent School District GO 5.000%  2/15/39       1,750      1,946
20 Georgetown Independent School District GO 5.000%  2/15/40       1,605      1,776
20 Georgetown Independent School District GO 5.000%  2/15/41       3,000      3,299
20 Georgetown Independent School District GO 5.000%  2/15/42       2,390      2,615
20 Georgetown Independent School District GO 5.000%  2/15/43       2,100      2,288
20 Georgetown Independent School District GO 5.000%  2/15/44       2,500      2,712
  Georgetown TX GO 4.000%  8/15/44       1,435      1,401
1 Georgetown TX Utility System Electric Power & Light Revenue 5.000%  8/15/26         400        412
1 Georgetown TX Utility System Electric Power & Light Revenue 5.000%  8/15/28         500        533
1 Georgetown TX Utility System Electric Power & Light Revenue 5.000%  8/15/29         620        671
1 Georgetown TX Utility System Electric Power & Light Revenue 5.000%  8/15/36         565        622
1 Georgetown TX Utility System Electric Power & Light Revenue 5.000%  8/15/37       1,210      1,326
1 Georgetown TX Utility System Electric Power & Light Revenue 5.000%  8/15/39       1,290      1,399
1 Georgetown TX Utility System Electric Power & Light Revenue 5.000%  8/15/40       2,000      2,173
1 Georgetown TX Utility System Electric Power & Light Revenue 5.000%  8/15/41       2,485      2,662
1 Georgetown TX Utility System Electric Power & Light Revenue 5.000%  8/15/41       6,110      6,603
1 Georgetown TX Utility System Electric Power & Light Revenue 5.000%  8/15/42       1,360      1,449
1 Georgetown TX Utility System Electric Power & Light Revenue 5.000%  8/15/42       4,810      5,177
1 Georgetown TX Utility System Electric Power & Light Revenue 5.000%  8/15/43       2,060      2,185
1 Georgetown TX Utility System Electric Power & Light Revenue 5.000%  8/15/43       4,310      4,619
1 Georgetown TX Utility System Electric Power & Light Revenue 5.000%  8/15/44       2,000      2,136
20 Godley Independent School District GO 3.000%  2/15/40       1,000        851
20 Goose Creek Consolidated Independent School District GO 5.000%  2/15/36       1,500      1,668
20 Goose Creek Consolidated Independent School District GO 5.000%  2/15/38       1,250      1,374
20 Goose Creek Consolidated Independent School District GO PUT 0.600%  8/17/26       1,200      1,155
  Grand Parkway Transportation Corp. Highway Revenue 5.200%  10/1/31       2,990      3,195
  Grand Parkway Transportation Corp. Highway Revenue 5.300%  10/1/32       5,740      6,137
  Grand Parkway Transportation Corp. Highway Revenue 5.400%  10/1/33      18,120     19,370
  Grand Parkway Transportation Corp. Highway Revenue 5.000%  10/1/35       2,135      2,227
  Grand Parkway Transportation Corp. Highway Revenue 5.000%  10/1/37       5,075      5,269
  Grand Parkway Transportation Corp. Highway Revenue 5.000%  10/1/43      13,300     13,673
  Grand Parkway Transportation Corp. Highway Revenue PUT 5.000%   4/1/28      21,535     22,656
  Grand Prairie TX GO 5.000%  2/15/26         500        511
  Grand Prairie TX GO 5.000%  2/15/39         500        557
  Grand Prairie TX GO 5.000%  2/15/42       1,000      1,091
  Grayson County TX Junior College District GO 5.000%  2/15/42       2,075      2,249
  Grayson County TX Junior College District GO 5.000%  2/15/43       1,740      1,877
  Grayson County TX Junior College District GO 5.000%  2/15/44       2,115      2,272
  Greater Texas Cultural Education Facilities Finance Corp. Lease (Appropriation) Revenue (EpicCenter Multipurpose Facilities Project) 5.000%   3/1/31         500        553
  Greater Texas Cultural Education Facilities Finance Corp. Lease (Appropriation) Revenue (EpicCenter Multipurpose Facilities Project) 5.000%   3/1/35       1,220      1,316
  Greater Texas Cultural Education Facilities Finance Corp. Lease (Appropriation) Revenue (EpicCenter Multipurpose Facilities Project) 4.000%   3/1/36       2,045      2,072
  Greater Texas Cultural Education Facilities Finance Corp. Lease (Appropriation) Revenue (EpicCenter Multipurpose Facilities Project) 4.000%   3/1/37       3,740      3,769
  Greater Texas Cultural Education Facilities Finance Corp. Lease (Appropriation) Revenue (EpicCenter Multipurpose Facilities Project) 4.000%   3/1/38       3,895      3,899
  Greater Texas Cultural Education Facilities Finance Corp. Lease (Appropriation) Revenue (EpicCenter Multipurpose Facilities Project) 4.000%   3/1/39       2,555      2,529
  Greater Texas Cultural Education Facilities Finance Corp. Lease (Appropriation) Revenue (EpicCenter Multipurpose Facilities Project) 4.000%   3/1/40       1,820      1,781
  Greater Texas Cultural Education Facilities Finance Corp. Lease (Appropriation) Revenue (EpicCenter Multipurpose Facilities Project) 4.000%   3/1/41       2,765      2,708
3 Greater Texoma Utility Authority Intergovernmental Agreement Revenue (Sherman City Project) 5.000%  10/1/38       1,270      1,379
3 Greater Texoma Utility Authority Intergovernmental Agreement Revenue (Sherman City Project) 5.000%  10/1/39       1,000      1,078
3 Greater Texoma Utility Authority Intergovernmental Agreement Revenue (Sherman City Project) 5.000%  10/1/40       3,400      3,654
1 Greater Texoma Utility Authority Intergovernmental Agreement Revenue (Sherman City Project) 5.000%  10/1/40       5,125      5,551
1 Greater Texoma Utility Authority Intergovernmental Agreement Revenue (Sherman City Project) 5.000%  10/1/41       5,440      5,847
1 Greenville TX Electric System Electric Power & Light Revenue 5.000%  2/15/33       3,025      3,333
1 Greenville TX Electric System Electric Power & Light Revenue 5.000%  2/15/34       2,410      2,647
1 Greenville TX Electric System Electric Power & Light Revenue 5.000%  2/15/35       1,750      1,916
1 Greenville TX Electric System Electric Power & Light Revenue 5.000%  2/15/36       1,360      1,483
1 Greenville TX Electric System Electric Power & Light Revenue 5.000%  2/15/37       1,430      1,554
1 Greenville TX Electric System Electric Power & Light Revenue 5.000%  2/15/38       1,005      1,086
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
1 Greenville TX Electric System Electric Power & Light Revenue 5.000%  2/15/39       1,000      1,073
1 Greenville TX Electric System Electric Power & Light Revenue 5.000%  2/15/40       1,320      1,407
1 Greenville TX Electric System Electric Power & Light Revenue 5.000%  2/15/41       1,125      1,193
1 Greenville TX Electric System Electric Power & Light Revenue 5.000%  2/15/42       1,270      1,342
1 Greenville TX Electric System Electric Power & Light Revenue 5.000%  2/15/43       2,000      2,105
1 Greenville TX Electric System Electric Power & Light Revenue 5.000%  2/15/44       2,055      2,156
3 Greenville TX GO 4.000%  2/15/42       2,300      2,265
3 Greenville TX GO 4.000%  2/15/43       2,395      2,337
3 Greenville TX GO 4.000%  2/15/44       2,490      2,405
20 Greenwood Independent School District GO 4.000%  2/15/42       9,840      9,722
20 Greenwood Independent School District GO 4.000%  2/15/43      10,205      9,999
20 Greenwood Independent School District GO 4.000%  2/15/44       9,000      8,743
20 Gregory-Portland TX Independent School District GO 5.000%  2/15/40       6,240      6,761
20 Gregory-Portland TX Independent School District GO 5.000%  2/15/41       6,395      6,896
20 Gregory-Portland TX Independent School District GO 4.000%  2/15/43      16,550     16,416
  Guadalupe-Blanco River Authority Water Revenue 4.000%  8/15/31         125        125
  Guadalupe-Blanco River Authority Water Revenue 4.000%  8/15/32         100        100
  Guadalupe-Blanco River Authority Water Revenue 4.000%  8/15/33         140        140
  Guadalupe-Blanco River Authority Water Revenue 4.000%  8/15/34         170        170
  Guadalupe-Blanco River Authority Water Revenue 4.000%  8/15/35         110        110
  Gulf Coast Authority Sewer Revenue 4.000%  10/1/37       1,940      1,949
3 Gulfgate Redevelopment Authority Tax Increment/Allocation Revenue 4.000%   9/1/25         430        431
3 Gulfgate Redevelopment Authority Tax Increment/Allocation Revenue 5.000%   9/1/27         475        495
3 Gulfgate Redevelopment Authority Tax Increment/Allocation Revenue 5.000%   9/1/28         495        523
3 Gulfgate Redevelopment Authority Tax Increment/Allocation Revenue 5.000%   9/1/30         750        812
3 Gulfgate Redevelopment Authority Tax Increment/Allocation Revenue 4.000%   9/1/31         225        230
3 Gulfgate Redevelopment Authority Tax Increment/Allocation Revenue 4.000%   9/1/32         595        605
3 Gulfgate Redevelopment Authority Tax Increment/Allocation Revenue 4.000%   9/1/33         420        426
3 Gulfgate Redevelopment Authority Tax Increment/Allocation Revenue 4.000%   9/1/34         325        329
3 Gulfgate Redevelopment Authority Tax Increment/Allocation Revenue 4.000%   9/1/35         675        683
3 Gulfgate Redevelopment Authority Tax Increment/Allocation Revenue 4.000%   9/1/37         780        785
  Hale Center Education Facilities Corp. College & University Revenue (Wayland Baptist University Project) 5.000%   3/1/34       1,000      1,046
1 Hale County TX GO 5.000%  3/15/37       1,720      1,912
1 Hale County TX GO 5.000%  3/15/38       1,485      1,640
1 Hale County TX GO 5.000%  3/15/39       1,900      2,087
1 Hale County TX GO 5.000%  3/15/40       1,800      1,964
1 Hale County TX GO 5.000%  3/15/41       2,000      2,166
20 Harlandale Independent School District GO 5.000%  8/15/40       2,140      2,343
  Harris County Cultural Education Facilities Finance Corp. Electric Power & Light Revenue (TECO Project) 5.000% 11/15/26       1,050      1,086
  Harris County Cultural Education Facilities Finance Corp. Electric Power & Light Revenue (TECO Project) 5.000% 11/15/27       1,000      1,051
  Harris County Cultural Education Facilities Finance Corp. Electric Power & Light Revenue (TECO Project) 5.000% 11/15/28       1,045      1,090
  Harris County Cultural Education Facilities Finance Corp. Electric Power & Light Revenue (TECO Project) 5.000% 11/15/29       1,205      1,256
  Harris County Cultural Education Facilities Finance Corp. Electric Power & Light Revenue (TECO Project) 5.000% 11/15/31       1,500      1,558
  Harris County Cultural Education Facilities Finance Corp. Electric Power & Light Revenue (TECO Project) 4.000% 11/15/32       2,725      2,747
  Harris County Cultural Education Facilities Finance Corp. Electric Power & Light Revenue (TECO Project) 4.000% 11/15/34       8,415      8,455
  Harris County Cultural Education Facilities Finance Corp. Electric Power & Light Revenue (TECO Project) 4.000% 11/15/35       1,300      1,304
  Harris County Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue 5.000%  10/1/29       7,340      7,429
  Harris County Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue 5.000%  10/1/30       2,185      2,211
  Harris County Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue 5.000%   7/1/31      13,440     14,893
  Harris County Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue 5.000%   7/1/34       7,625      8,676
  Harris County Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue 3.000%  10/1/40       4,000      3,525
  Harris County Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue 4.000%  10/1/41       2,000      1,922
  Harris County Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue PUT 5.000%   7/1/29       4,900      5,245
  Harris County Flood Control District GO 4.000%  10/1/37       4,400      4,469
  Harris County Flood Control District GO 4.000%  10/1/39       7,790      7,832
  Harris County Flood Control District GO 5.250%  10/1/39       2,500      2,787
  Harris County Flood Control District GO 5.250%  10/1/40       2,375      2,636
  Harris County Flood Control District GO 4.000%  9/15/41       1,520      1,515
  Harris County Flood Control District Intergovernmental Agreement Revenue 5.000%  10/1/29       2,000      2,004
  Harris County Flood Control District Intergovernmental Agreement Revenue 5.000%  10/1/32       5,015      5,236
  Harris County Flood Control District Intergovernmental Agreement Revenue 4.000%  10/1/35       4,115      4,154
  Harris County Flood Control District Intergovernmental Agreement Revenue 4.000%  10/1/37       1,640      1,649
  Harris County Hospital District Health, Hospital, Nursing Home Revenue 5.000%  2/15/28       1,860      1,892
  Harris County Industrial Development Corp. Industrial Revenue (Energy Transfer LP Project) PUT 4.050%   6/1/33      69,690     69,486
1 Harris County Municipal Utility District No. 165 GO 3.000%   3/1/39       1,125        959
1 Harris County Municipal Utility District No. 165 GO 4.000%   3/1/44       3,695      3,549
  Harris County TX GO 5.000%  9/15/27         950      1,004
  Harris County TX GO 5.000%  10/1/27       7,415      7,842
  Harris County TX GO 5.000%  9/15/28         525        564
  Harris County TX GO 5.000%  9/15/28       2,500      2,687
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Harris County TX GO 5.000%  10/1/28       6,660      6,737
  Harris County TX GO 5.000%  9/15/29       1,635      1,784
  Harris County TX GO 5.000%  10/1/29       6,490      6,564
3 Harris County TX GO 5.250%  8/15/30       7,335      8,219
  Harris County TX GO 5.000%  9/15/30       4,000      4,434
  Harris County TX GO 5.000%  10/1/30       5,405      5,465
  Harris County TX GO 5.000%  10/1/30       4,000      4,189
  Harris County TX GO 5.000%  10/1/34       2,700      2,807
  Harris County TX GO 5.000%  10/1/35       4,215      4,253
  Harris County TX GO 5.000%  9/15/36      10,260     11,700
  Harris County TX GO 4.000%  10/1/36         690        707
  Harris County TX GO 4.000%  10/1/37         765        779
  Harris County TX GO 4.000%  9/15/39       2,250      2,268
  Harris County TX GO 4.000%  9/15/40       1,500      1,505
  Harris County TX GO 5.000%  10/1/40      17,000     17,120
  Harris County TX GO 5.000%  9/15/41       3,150      3,486
  Harris County TX GO 4.000%  10/1/41       2,000      1,988
  Harris County TX GO 4.000%  9/15/42       1,000        987
  Harris County TX GO 5.000%  9/15/42       5,090      5,591
  Harris County TX GO 4.000%  9/15/43       1,300      1,275
  Harris County TX GO 5.000%  9/15/43       7,500      8,180
  Harris County TX GO 5.000%  9/15/44       9,365     10,168
  Harris County TX Highway Revenue 5.000%  8/15/32       4,235      4,350
  Harris County TX Highway Revenue 5.000%  8/15/34       3,120      3,146
  Harris County TX Highway Revenue 5.000%  8/15/35       1,000      1,008
  Harris County TX Toll Road Highway Revenue 4.000%  8/15/35       1,685      1,722
  Harris County TX Toll Road Highway Revenue 4.000%  8/15/36       2,165      2,202
  Harris County TX Toll Road Highway Revenue 3.000%  8/15/37       3,600      3,237
  Harris County TX Toll Road Highway Revenue 4.000%  8/15/37       2,010      2,033
  Harris County TX Toll Road Highway Revenue 3.000%  8/15/38      11,235      9,909
  Harris County TX Toll Road Highway Revenue 4.000%  8/15/38       2,810      2,828
  Harris County TX Toll Road Highway Revenue 5.000%  8/15/38       6,000      6,700
  Harris County TX Toll Road Highway Revenue 4.000%  8/15/39       2,280      2,282
  Harris County TX Toll Road Highway Revenue 5.000%  8/15/39       7,500      8,310
  Harris County TX Toll Road Highway Revenue 4.000%  8/15/40       3,110      3,092
  Harris County TX Toll Road Highway Revenue 5.000%  8/15/40       4,000      4,410
  Harris County TX Toll Road Highway Revenue 4.000%  8/15/41       9,000      8,871
  Harris County TX Toll Road Highway Revenue 4.000%  8/15/42       8,485      8,287
  Harris County TX Toll Road Highway Revenue 4.000%  8/15/43       2,215      2,144
  Harris County TX Toll Road Highway Revenue 5.000%  8/15/43       5,860      6,025
  Harris County TX Toll Road Highway Revenue 5.000%  8/15/44      12,725     13,746
10 Harris County-Houston Sports Authority Hotel Occupancy Tax Revenue 0.000% 11/15/31       1,155        886
10 Harris County-Houston Sports Authority Hotel Occupancy Tax Revenue, ETM 0.000% 11/15/28       2,880      2,531
10 Harris County-Houston Sports Authority Hotel Occupancy Tax Revenue, ETM 0.000% 11/15/29       5,260      4,462
10 Harris County-Houston Sports Authority Hotel Occupancy Tax Revenue, ETM 0.000% 11/15/30       6,325      5,178
10 Harris County-Houston Sports Authority Hotel Occupancy Tax Revenue, ETM 0.000% 11/15/31       1,345      1,060
20 Hays Consolidated Independent School District GO 4.000%  2/15/34       1,000      1,011
20 Hays Consolidated Independent School District GO 5.000%  2/15/41       4,150      4,467
20 Hays Consolidated Independent School District GO 5.000%  2/15/42       4,000      4,288
20 Hays Consolidated Independent School District GO 4.000%  2/15/43       2,660      2,622
  Hays County TX GO 5.000%  2/15/26       1,145      1,171
  Hays County TX GO 5.000%  2/15/27       1,105      1,150
  Hays County TX GO 5.000%  2/15/28       1,010      1,054
  Hays County TX GO 5.000%  2/15/28       1,695      1,769
  Hays County TX GO 5.000%  2/15/29       1,830      1,907
  Hays County TX GO 5.000%  2/15/29       1,615      1,683
  Hays County TX GO 5.000%  2/15/30       1,760      1,832
  Hays County TX GO 5.000%  2/15/30       2,175      2,264
  Hays County TX GO 5.000%  2/15/31       3,235      3,363
  Hays County TX GO 5.000%  2/15/31       1,590      1,653
  Hays County TX GO 5.000%  2/15/32       1,800      1,868
  Hays County TX GO 5.000%  2/15/34       1,035      1,070
  Hays County TX GO 3.000%  2/15/38       1,565      1,404
  Hays County TX GO 3.000%  2/15/40       1,075        934
  Hays County TX GO 3.000%  2/15/41       1,365      1,166
4 Hays County TX Special Assessment Revenue 3.250%  9/15/30         255        234
4 Hays County TX Special Assessment Revenue 3.750%  9/15/40         580        495
  Hidalgo County Drain District No. 1 GO 5.000%   9/1/36         525        575
  Hidalgo County Drain District No. 1 GO 5.000%   9/1/37         350        382
  Hidalgo County Drain District No. 1 GO 5.000%   9/1/38         315        341
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Hidalgo County Drain District No. 1 GO 4.250%   9/1/41       1,000      1,006
  Hidalgo County Drain District No. 1 GO 4.375%   9/1/44       1,300      1,307
  Hidalgo County Regional Mobility Authority Highway Revenue 5.000%  12/1/30         500        530
  Hidalgo County Regional Mobility Authority Highway Revenue 5.000%  12/1/30         960      1,003
  Hidalgo County Regional Mobility Authority Highway Revenue 5.000%  12/1/31         500        533
  Hidalgo County Regional Mobility Authority Highway Revenue 5.000%  12/1/31       1,475      1,544
  Hidalgo County Regional Mobility Authority Highway Revenue 5.000%  12/1/32         450        479
  Hidalgo County Regional Mobility Authority Highway Revenue 5.000%  12/1/32       1,355      1,412
  Hidalgo County Regional Mobility Authority Highway Revenue 5.000%  12/1/33       1,970      2,093
  Hidalgo County Regional Mobility Authority Highway Revenue 5.000%  12/1/33       1,250      1,299
  Hidalgo County Regional Mobility Authority Highway Revenue 5.000%  12/1/34       1,925      2,044
  Hidalgo County Regional Mobility Authority Highway Revenue 5.000%  12/1/34       1,350      1,400
  Hidalgo County Regional Mobility Authority Highway Revenue 5.000%  12/1/35       1,000      1,034
  Hidalgo County Regional Mobility Authority Highway Revenue 4.000%  12/1/37       3,100      3,034
  Hidalgo County Regional Mobility Authority Highway Revenue 4.000%  12/1/38       1,000        933
  Hidalgo County Regional Mobility Authority Highway Revenue 4.000%  12/1/39       1,000        924
  Hidalgo County Regional Mobility Authority Highway Revenue 4.000%  12/1/40       2,040      1,856
  Hidalgo County Regional Mobility Authority Highway Revenue 4.000%  12/1/41       1,000        936
  Hidalgo County Regional Mobility Authority Highway Revenue 4.000%  12/1/41       1,000        895
  Hidalgo County Regional Mobility Authority Highway Revenue 0.000%  12/1/42       2,425        980
  Hidalgo County Regional Mobility Authority Highway Revenue 0.000%  12/1/43       2,835      1,075
  Hidalgo County Regional Mobility Authority Highway Revenue 0.000%  12/1/44       2,000        717
  Hidalgo County TX GO 4.000%  8/15/35       1,450      1,479
  Hidalgo County TX GO 4.000%  8/15/36       1,000      1,016
  Hidalgo County TX GO 4.000%  8/15/38       1,065      1,073
20 Houston Independent School District GO 5.000%  2/15/26       1,905      1,950
20 Houston Independent School District GO 5.000%  2/15/28      10,000     10,440
20 Houston Independent School District GO 4.000%  2/15/32       4,000      4,054
20 Houston Independent School District GO 5.000%  2/15/34       1,255      1,299
  Houston TX Airport System Port, Airport & Marina Revenue 5.000%   7/1/26       4,695      4,833
  Houston TX Airport System Port, Airport & Marina Revenue 5.000%   7/1/27       3,710      3,894
  Houston TX Airport System Port, Airport & Marina Revenue 5.000%   7/1/32       3,095      3,267
  Houston TX Airport System Port, Airport & Marina Revenue 5.000%   7/1/33       3,110      3,278
  Houston TX Airport System Port, Airport & Marina Revenue 5.000%   7/1/34       5,500      5,787
  Houston TX Airport System Port, Airport & Marina Revenue 5.000%   7/1/35       4,450      4,674
  Houston TX Airport System Port, Airport & Marina Revenue 5.000%   7/1/36      10,000     10,486
  Houston TX Airport System Port, Airport & Marina Revenue 5.000%   7/1/37       5,500      5,746
  Houston TX Combined Utility System Electric Power & Light Revenue VRDO 2.080%   2/6/25      12,380     12,380
  Houston TX Combined Utility System Water Revenue 5.000% 11/15/26       3,675      3,816
  Houston TX Combined Utility System Water Revenue 5.000% 11/15/26       3,095      3,214
  Houston TX Combined Utility System Water Revenue 5.000% 11/15/26       7,880      8,183
  Houston TX Combined Utility System Water Revenue 5.000% 11/15/27       1,635      1,729
  Houston TX Combined Utility System Water Revenue 5.000% 11/15/27       8,010      8,471
  Houston TX Combined Utility System Water Revenue 5.000% 11/15/34       3,800      3,805
  Houston TX Combined Utility System Water Revenue 4.000% 11/15/35         870        890
  Houston TX Combined Utility System Water Revenue 4.000% 11/15/35       1,000      1,020
  Houston TX Combined Utility System Water Revenue 5.000% 11/15/36      10,000     11,338
  Houston TX Combined Utility System Water Revenue 3.000% 11/15/37       1,900      1,701
  Houston TX Combined Utility System Water Revenue 5.000% 11/15/37       1,905      2,003
  Houston TX Combined Utility System Water Revenue 3.000% 11/15/38       1,585      1,399
  Houston TX Combined Utility System Water Revenue 3.000% 11/15/39       2,600      2,258
  Houston TX Combined Utility System Water Revenue 5.000% 11/15/39       1,565      1,636
  Houston TX Combined Utility System Water Revenue 5.000% 11/15/41       3,695      4,063
  Houston TX Combined Utility System Water Revenue 5.000% 11/15/42       5,540      6,047
  Houston TX Combined Utility System Water Revenue 5.000% 11/15/43       1,010      1,045
  Houston TX Combined Utility System Water Revenue 5.000% 11/15/43       4,470      4,846
  Houston TX Combined Utility System Water Revenue 5.000% 11/15/44       2,425      2,617
  Houston TX GO 5.000%   3/1/26       1,535      1,570
  Houston TX GO 5.000%   3/1/27       6,025      6,287
  Houston TX GO 5.000%   3/1/27         125        130
  Houston TX GO 5.000%   3/1/28      10,025     10,421
  Houston TX GO 5.000%   3/1/28         150        159
  Houston TX GO 5.000%   3/1/29       6,000      6,229
  Houston TX GO 5.000%   3/1/29         500        539
  Houston TX GO 5.000%   3/1/31       5,195      5,284
  Houston TX GO 5.000%   3/1/32       3,840      3,903
  Houston TX GO 5.000%   3/1/32       1,050      1,176
  Houston TX GO 4.000%   3/1/33       5,000      5,055
  Houston TX GO 5.000%   3/1/33       1,105      1,122
  Houston TX GO 5.000%   3/1/33       1,000      1,131
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Houston TX GO 4.000%   3/1/35       3,000      3,023
  Houston TX GO 3.000%   3/1/36       1,015        930
  Houston TX GO 3.000%   3/1/37       3,500      3,177
  Houston TX GO 3.000%   3/1/38       3,250      2,905
  Houston TX GO 5.000%   3/1/38       4,390      4,917
  Houston TX GO 5.000%   3/1/38         810        907
  Houston TX GO 3.000%   3/1/39       2,500      2,214
  Houston TX GO 5.000%   3/1/39       1,415      1,577
  Houston TX GO 3.000%   3/1/40       2,630      2,287
  Houston TX GO 5.000%   3/1/40       3,000      3,320
  Houston TX GO 5.250%   3/1/40       1,800      2,013
  Houston TX GO 3.000%   3/1/41       3,170      2,717
  Houston TX GO 5.000%   3/1/41       3,750      4,116
  Houston TX GO 5.000%   3/1/41       2,870      3,150
  Houston TX GO 5.000%   3/1/42       6,250      6,811
  Houston TX GO 5.000%   3/1/42       2,840      3,095
  Houston TX GO 5.000%   3/1/43      10,000     10,833
  Houston TX GO 5.000%   3/1/43       3,000      3,250
  Houston TX GO 5.250%   3/1/43       2,300      2,522
  Houston TX GO 5.000%   3/1/44      15,345     16,550
  Houston TX GO 5.000%   3/1/44       3,220      3,473
  Houston TX Hotel Occupancy Tax & Special Hotel Occupancy Tax Revenue 5.000%   9/1/26       1,650      1,653
  Houston TX Hotel Occupancy Tax & Special Hotel Occupancy Tax Revenue 5.000%   9/1/28       2,425      2,429
  Houston TX Hotel Occupancy Tax & Special Hotel Occupancy Tax Revenue 4.000%   9/1/29         440        452
  Houston TX Hotel Occupancy Tax & Special Hotel Occupancy Tax Revenue 5.000%   9/1/29       1,520      1,522
  Houston TX Hotel Occupancy Tax & Special Hotel Occupancy Tax Revenue 4.000%   9/1/30         440        453
  Houston TX Hotel Occupancy Tax & Special Hotel Occupancy Tax Revenue 4.000%   9/1/31         425        438
  Houston TX Hotel Occupancy Tax & Special Hotel Occupancy Tax Revenue 3.000%   9/1/33         315        298
20 Humble Independent School District GO 5.000%  2/15/35       3,995      4,446
20 Humble Independent School District GO 5.000%  2/15/40       1,225      1,354
20 Humble Independent School District GO 3.000%  2/15/41       2,990      2,516
20 Humble Independent School District GO 5.000%  2/15/41       2,525      2,771
20 Humble Independent School District GO 5.000%  2/15/42       2,500      2,728
20 Humble Independent School District GO 5.000%  2/15/43       1,150      1,248
20 Humble Independent School District GO 5.000%  2/15/44       1,000      1,081
20 Humble Independent School District GO 5.000%  2/15/47       7,825      8,275
  Hunt Memorial Hospital District Charitable Health GO 5.000%  2/15/32       1,070      1,112
  Hurst-Euless-Bedford Independent School District GO 5.000%  8/15/26      10,000     10,332
20 Hurst-Euless-Bedford Independent School District GO 4.000%  8/15/40       6,895      6,963
20 Hurst-Euless-Bedford Independent School District GO 4.000%  8/15/41       7,615      7,646
20 Hurst-Euless-Bedford Independent School District GO 4.000%  8/15/42      18,200     18,194
1 Hutto TX GO 5.000%   8/1/33       1,075      1,208
1 Hutto TX GO 5.000%   8/1/34       1,325      1,499
1 Hutto TX GO 5.000%   8/1/40       3,000      3,286
1 Hutto TX GO 5.000%   8/1/41       2,000      2,175
  Hutto TX GO 5.000%   8/1/42       3,265      3,477
1 Hutto TX GO 5.000%   8/1/42       2,250      2,434
1 Hutto TX GO 5.000%   8/1/43       5,250      5,652
1 Hutto TX GO 5.000%   8/1/44       6,200      6,645
20 Irving Independent School District GO 5.000%  2/15/27       1,615      1,684
20 Irving Independent School District GO 5.000%  2/15/39       4,400      4,849
20 Irving Independent School District GO 5.000%  2/15/40       4,840      5,305
20 Irving Independent School District GO 5.000%  2/15/41       4,000      4,360
20 Irving Independent School District GO 5.000%  2/15/42       8,890      9,637
20 Irving Independent School District GO 5.000%  2/15/43       3,820      4,120
  Irving TX GO 5.000%  9/15/26       1,940      2,009
  Irving TX GO 5.000%  9/15/27       2,020      2,134
  Irving TX GO 5.000%  9/15/36       1,135      1,263
  Irving TX GO 5.000%  9/15/39       1,315      1,443
  Irving TX GO 4.000%  9/15/40       6,050      6,069
  Irving TX GO 4.000%  9/15/41       6,050      6,030
  Irving TX GO 4.000%  9/15/42       6,050      5,974
  Irving TX GO 4.000%  9/15/43       6,050      5,932
  Irving TX GO 4.000%  9/15/44       6,050      5,878
  Irving TX Hotel Occupancy Tax Revenue 5.000%  8/15/27         120        122
  Irving TX Hotel Occupancy Tax Revenue 5.000%  8/15/28         145        149
  Irving TX Hotel Occupancy Tax Revenue 5.000%  8/15/29         155        159
  Irving TX Hotel Occupancy Tax Revenue 5.000%  8/15/30         200        205
  Irving TX Hotel Occupancy Tax Revenue 5.000%  8/15/31         145        149
  Irving TX Hotel Occupancy Tax Revenue 5.000%  8/15/32         150        153
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Irving TX Hotel Occupancy Tax Revenue 5.000%  8/15/33         150        153
  Irving TX Hotel Occupancy Tax Revenue 5.000%  8/15/34         150        153
  Irving TX Hotel Occupancy Tax Revenue 5.000%  8/15/35         175        178
  Irving TX Hotel Occupancy Tax Revenue 5.000%  8/15/36         250        254
  Irving TX Hotel Occupancy Tax Revenue 5.000%  8/15/37         250        252
  Irving TX Hotel Occupancy Tax Revenue 5.000%  8/15/38         300        302
  Irving TX Hotel Occupancy Tax Revenue 5.000%  8/15/39         300        300
20 Jacksboro Independent School District GO 5.000%  2/15/38       2,680      2,986
20 Jacksboro Independent School District GO 5.000%  2/15/39       2,820      3,117
20 Jacksboro Independent School District GO 5.000%  2/15/40       2,965      3,258
20 Jacksboro Independent School District GO 5.000%  2/15/41       3,115      3,404
20 Jarrell Independent School District GO 3.000%  8/15/39       1,775      1,542
20 Jarrell Independent School District GO 3.000%  8/15/40       2,200      1,878
20 Jarrell Independent School District GO 5.000%  2/15/43       1,370      1,462
20 Johnson City Independent School District GO 5.000%  2/15/39       1,835      2,028
20 Johnson City Independent School District GO 5.000%  2/15/40       1,930      2,113
20 Johnson City Independent School District GO 5.000%  2/15/41       2,025      2,205
20 Johnson City Independent School District GO 5.000%  2/15/42       2,130      2,310
20 Johnson City Independent School District GO 5.000%  2/15/43       2,240      2,419
20 Johnson City Independent School District GO 5.000%  2/15/44       2,355      2,534
4 Joshua Farms Municipal Management District No. 1 Special Assessment Revenue (Improvement Areas #1-2 Project) 4.375%   9/1/30         328        329
4 Joshua Farms Municipal Management District No. 1 Special Assessment Revenue (Improvement Areas #1-2 Project) 5.250%   9/1/43       1,250      1,262
20 Joshua Independent School District GO 5.000%  8/15/31         500        560
20 Joshua Independent School District GO 5.000%  8/15/32       1,000      1,131
20 Joshua Independent School District GO 5.000%  8/15/33         550        628
20 Joshua Independent School District GO 5.000%  8/15/40       1,750      1,916
20 Joshua Independent School District GO 5.000%  8/15/41       1,070      1,165
20 Joshua Independent School District GO 5.000%  8/15/42       1,300      1,410
20 Joshua Independent School District GO 5.000%  8/15/43       1,675      1,809
20 Joshua Independent School District GO 5.000%  8/15/44       1,475      1,587
4 Justin TX Special Assessment Revenue 3.000%   9/1/31         225        206
4 Justin TX Special Assessment Revenue 3.375%   9/1/41         475        390
20 Katy Independent School District GO 5.000%  2/15/32       2,545      2,871
20 Katy Independent School District GO 5.000%  2/15/33       2,000      2,278
20 Katy Independent School District GO 5.000%  2/15/34       7,560      7,698
20 Katy Independent School District GO 5.000%  2/15/34       1,200      1,378
20 Katy Independent School District GO 4.000%  2/15/39       1,000      1,014
20 Katy Independent School District GO 4.000%  2/15/40       1,250      1,263
20 Katy Independent School District GO 5.000%  2/15/40       3,180      3,464
20 Katy Independent School District GO 4.000%  2/15/41       1,025      1,031
20 Katy Independent School District GO 5.000%  2/15/41       4,500      4,870
20 Katy Independent School District GO 5.000%  2/15/42       5,000      5,379
20 Katy Independent School District GO 5.000%  2/15/42       4,000      4,339
20 Katy Independent School District GO 5.000%  2/15/43       3,000      3,212
20 Katy Independent School District GO 5.000%  2/15/43       1,725      1,861
20 Keller TX Independent School District GO 4.000%  8/15/29       2,900      2,924
20 Kennedale Independent School District GO 4.000%  2/15/40       1,365      1,378
20 Kennedale Independent School District GO 4.000%  2/15/41       1,445      1,451
20 Kennedale Independent School District GO 4.000%  2/15/42       1,425      1,425
20 Kennedale Independent School District GO 4.000%  2/15/43       1,140      1,132
20 Kilgore Independent School District GO 3.000%  2/15/39       4,455      3,965
  Killeen TX GO 4.000%   8/1/40       1,910      1,889
  Killeen TX GO 4.000%   8/1/43       6,915      6,617
20 Klein Independent School District GO 5.000%   8/1/35       2,000      2,052
20 Klein Independent School District GO 5.000%   8/1/37       3,000      3,073
4 Kyle TX Special Assessment Revenue 4.500%   9/1/33         504        505
4 Kyle TX Special Assessment Revenue 5.250%   9/1/43       1,542      1,565
20 La Porte TX Independent School District GO 5.000%  2/15/37       2,500      2,799
20 La Porte TX Independent School District GO 5.000%  2/15/38       2,000      2,222
20 La Porte TX Independent School District GO 5.000%  2/15/39       6,790      7,483
20 La Porte TX Independent School District GO 5.000%  2/15/40       2,750      3,011
20 La Porte TX Independent School District GO 5.000%  2/15/41       2,880      3,136
20 La Porte TX Independent School District GO 5.000%  2/15/42       3,015      3,270
20 La Porte TX Independent School District GO 5.000%  2/15/43       3,155      3,407
20 La Vega Independent School District GO 5.000%  2/15/39       1,000      1,114
20 La Vega Independent School District GO 5.000%  2/15/40       1,075      1,188
20 La Vega Independent School District GO 5.000%  2/15/41       1,905      2,089
20 La Vega Independent School District GO 5.000%  2/15/42       2,000      2,177
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
20 La Vega Independent School District GO 5.000%  2/15/43       2,080      2,248
20 La Vega Independent School District GO 5.000%  2/15/44       1,445      1,554
20 Lake Dallas Independent School District GO 4.000%  8/15/30         975      1,000
20 Lake Dallas Independent School District GO 4.000%  8/15/31       1,115      1,140
  Lake Houston Redevelopment Authority Intergovernmental Agreement Revenue 5.000%   9/1/28         280        288
  Lake Houston Redevelopment Authority Intergovernmental Agreement Revenue 5.000%   9/1/29         275        285
  Lake Houston Redevelopment Authority Intergovernmental Agreement Revenue 5.000%   9/1/30         300        312
  Lake Houston Redevelopment Authority Intergovernmental Agreement Revenue 5.000%   9/1/31         325        339
  Lake Houston Redevelopment Authority Intergovernmental Agreement Revenue 4.000%   9/1/32         475        462
  Lake Houston Redevelopment Authority Intergovernmental Agreement Revenue 4.000%   9/1/33         450        434
  Lake Houston Redevelopment Authority Intergovernmental Agreement Revenue 3.000%   9/1/34         625        551
  Lake Houston Redevelopment Authority Intergovernmental Agreement Revenue 4.000%   9/1/35         475        452
  Lake Houston Redevelopment Authority Intergovernmental Agreement Revenue 4.000%   9/1/36         475        449
  Lake Houston Redevelopment Authority Intergovernmental Agreement Revenue 3.000%   9/1/38         825        671
  Lake Houston Redevelopment Authority Intergovernmental Agreement Revenue 3.000%   9/1/39         975        775
  Lake Houston Redevelopment Authority Intergovernmental Agreement Revenue 3.000%   9/1/40         900        700
4 Lakewood Village TX Special Assessment Revenue 4.750%  9/15/32         400        396
20 Lamar Consolidated Independent School District GO 5.000%  2/15/26       2,020      2,065
20 Lamar Consolidated Independent School District GO 5.000%  2/15/28       4,220      4,400
20 Lamar Consolidated Independent School District GO 5.000%  2/15/34       2,585      2,672
20 Lamar Consolidated Independent School District GO 3.000%  2/15/38       2,000      1,761
20 Lamar Consolidated Independent School District GO 3.000%  2/15/39       2,000      1,731
20 Lamar Consolidated Independent School District GO 5.000%  2/15/39       5,000      5,521
20 Lamar Consolidated Independent School District GO 5.000%  2/15/40       7,000      7,676
20 Lamar Consolidated Independent School District GO 5.000%  2/15/41       9,000      9,798
20 Lamar Consolidated Independent School District GO 5.000%  2/15/41       2,100      2,308
20 Lamar Consolidated Independent School District GO 5.000%  2/15/42      10,000     10,830
20 Lamar Consolidated Independent School District GO 5.000%  2/15/42       2,700      2,948
20 Lamar Consolidated Independent School District GO 5.000%  2/15/43       5,945      6,079
20 Lamar Consolidated Independent School District GO 5.000%  2/15/43      11,155     12,024
20 Lamar Consolidated Independent School District GO 5.000%  2/15/43       2,100      2,278
20 Lamar Consolidated Independent School District GO 5.000%  2/15/44       4,600      4,968
20 Lancaster TX Independent School District GO 4.000%  2/15/33       1,000      1,012
20 Lancaster TX Independent School District GO 4.000%  2/15/34       1,000      1,010
20 Laredo Independent School District GO 4.000%   8/1/42       1,000        999
  Laredo TX GO 5.000%  2/15/37       1,000      1,104
  Laredo TX GO 5.000%  2/15/38       1,715      1,883
  Laredo TX GO 4.000%  2/15/39       3,085      3,103
  Laredo TX GO 4.000%  2/15/40       3,670      3,670
  Laredo TX GO 4.125%  2/15/41       2,340      2,346
  Laredo TX GO 4.125%  2/15/42       4,045      4,036
  Laredo TX GO 4.250%  2/15/43       3,270      3,282
  Laredo TX Waterworks & Sewer System Water Revenue 4.000%   3/1/34         300        305
  Laredo TX Waterworks & Sewer System Water Revenue 4.000%   3/1/35         235        238
  Laredo TX Waterworks & Sewer System Water Revenue 4.000%   3/1/36         550        557
  Laredo TX Waterworks & Sewer System Water Revenue 5.000%   3/1/38         750        819
  Laredo TX Waterworks & Sewer System Water Revenue 4.000%   3/1/39         625        627
  Laredo TX Waterworks & Sewer System Water Revenue 5.000%   3/1/39         550        596
  Laredo TX Waterworks & Sewer System Water Revenue 5.000%   3/1/41       1,175      1,255
  Laredo TX Waterworks & Sewer System Water Revenue 5.000%   3/1/42         600        639
4 Lavon TX Special Assessment Revenue 4.250%  9/15/31         100        101
4 Lavon TX Special Assessment Revenue 4.375%  9/15/31         150        150
4 Lavon TX Special Assessment Revenue 3.875%  9/15/32         537        514
4 Lavon TX Special Assessment Revenue 5.875%  9/15/42       1,108      1,166
4 Lavon TX Special Assessment Revenue 5.000%  9/15/44         429        432
4 Lavon TX Special Assessment Revenue 5.125%  9/15/44         600        592
  Leander Independent School District GO 5.000%  8/15/30       5,420      5,486
20 Leander Independent School District GO 3.000%  8/15/34       5,740      5,557
20 Leander Independent School District GO 4.000%  2/15/39       4,090      4,154
20 Leander Independent School District GO 4.000%  2/15/40       4,255      4,294
20 Leander Independent School District GO 4.000%  2/15/41      10,410     10,457
20 Leander Independent School District GO 5.000%  2/15/42       8,830      9,544
20 Leander Independent School District GO 4.250%  2/15/43       4,000      4,059
  Leander TX GO 5.000%  8/15/42       1,490      1,613
  Leander TX GO 5.000%  8/15/43       1,550      1,670
20 Lewisville Independent School District GO 5.000%  8/15/27       2,500      2,636
20 Lewisville Independent School District GO 5.000%  8/15/27       4,230      4,461
20 Lewisville Independent School District GO 5.000%  8/15/42      10,000     10,945
20 Lewisville Independent School District GO 5.000%  8/15/43      22,060     23,991
20 Lewisville Independent School District GO 5.000%  8/15/44       1,815      1,961
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Lewisville TX GO 5.000%  2/15/28       3,290      3,487
  Lewisville TX GO 5.000%  2/15/29       3,465      3,725
  Lewisville TX GO 4.000%  2/15/38       2,250      2,289
  Lewisville TX GO 4.000%  2/15/42       2,550      2,524
20 Liberty Hill Independent School District GO 5.000%   2/1/37       1,000      1,109
20 Liberty Hill Independent School District GO 5.000%   2/1/38       4,990      5,447
20 Liberty Hill Independent School District GO 5.000%   2/1/38         535        590
20 Liberty Hill Independent School District GO 5.000%   2/1/39       4,770      5,175
20 Liberty Hill Independent School District GO 3.000%   2/1/40       2,650      2,286
20 Liberty Hill Independent School District GO 5.000%   2/1/40       4,850      5,238
20 Liberty Hill Independent School District GO 5.000%   2/1/40       1,100      1,199
20 Liberty Hill Independent School District GO 3.000%   2/1/41       2,000      1,692
20 Liberty Hill Independent School District GO 5.000%   2/1/41       1,180      1,279
20 Liberty Hill Independent School District GO 5.000%   2/1/42       1,945      2,082
20 Liberty Hill Independent School District GO 5.000%   2/1/42       1,605      1,730
20 Liberty Hill Independent School District GO 5.000%   2/1/43       1,600      1,718
4 Liberty Hill TX Special Assessment Revenue 3.125%   9/1/32         694        643
4 Liberty Hill TX Special Assessment Revenue 3.875%   9/1/32         211        197
20 Little Elm Independent School District GO 5.000%  8/15/42       1,910      2,087
20 Little Elm Independent School District GO 5.000%  8/15/43       2,070      2,249
20 Little Elm Independent School District GO 5.000%  8/15/47       6,620      7,082
20 Longview Independent School District GO 5.000%  2/15/40       4,000      4,418
20 Longview Independent School District GO 5.000%  2/15/41       4,780      5,247
20 Longview Independent School District GO 5.000%  2/15/42       9,755     10,660
20 Longview Independent School District GO 5.000%  2/15/43       4,755      5,172
20 Longview Independent School District GO 5.000%  2/15/44       4,250      4,605
  Lower Colorado River Authority Electric Power & Light Revenue 5.000%  5/15/32       2,000      2,236
  Lower Colorado River Authority Electric Power & Light Revenue 5.000%  5/15/33       1,750      1,970
3 Lower Colorado River Authority Electric Power & Light Revenue 4.000%  5/15/40       2,855      2,850
  Lower Colorado River Authority Electric Power & Light Revenue 5.000%  5/15/42       1,250      1,338
  Lower Colorado River Authority Electric Power & Light Revenue 5.000%  5/15/43       1,480      1,578
  Lower Colorado River Authority Electric Power & Light Revenue 5.000%  5/15/44       1,650      1,752
  Lower Colorado River Authority Electric Power & Light Revenue 5.000%  5/15/45       1,675      1,773
  Lower Colorado River Authority Electric Power & Light Revenue PUT 5.000%  5/15/28      15,070     15,737
  Lower Colorado River Authority Intergovernmental Agreement Revenue 5.000%  5/15/27       5,300      5,309
  Lower Colorado River Authority Intergovernmental Agreement Revenue 5.000%  5/15/28       4,500      4,508
  Lower Colorado River Authority Intergovernmental Agreement Revenue 5.000%  5/15/29       4,470      4,478
  Lower Colorado River Authority Intergovernmental Agreement Revenue 5.000%  5/15/31       1,635      1,643
  Lower Colorado River Authority Intergovernmental Agreement Revenue 5.000%  5/15/31       1,375      1,404
  Lower Colorado River Authority Intergovernmental Agreement Revenue 5.000%  5/15/31       1,750      1,884
  Lower Colorado River Authority Intergovernmental Agreement Revenue 5.000%  5/15/31       1,350      1,497
  Lower Colorado River Authority Intergovernmental Agreement Revenue 5.000%  5/15/32       1,420      1,427
  Lower Colorado River Authority Intergovernmental Agreement Revenue 5.000%  5/15/32       2,250      2,413
  Lower Colorado River Authority Intergovernmental Agreement Revenue 5.000%  5/15/33       3,000      3,207
  Lower Colorado River Authority Intergovernmental Agreement Revenue 5.000%  5/15/33       1,245      1,350
  Lower Colorado River Authority Intergovernmental Agreement Revenue 5.000%  5/15/34       2,010      2,107
  Lower Colorado River Authority Intergovernmental Agreement Revenue 5.000%  5/15/34       4,250      4,529
  Lower Colorado River Authority Intergovernmental Agreement Revenue 5.000%  5/15/34       1,500      1,620
  Lower Colorado River Authority Intergovernmental Agreement Revenue 5.000%  5/15/35       3,065      3,204
  Lower Colorado River Authority Intergovernmental Agreement Revenue 5.000%  5/15/35       4,500      4,779
  Lower Colorado River Authority Intergovernmental Agreement Revenue 5.000%  5/15/35       1,250      1,345
  Lower Colorado River Authority Intergovernmental Agreement Revenue 5.000%  5/15/37       1,060      1,130
  Lower Colorado River Authority Intergovernmental Agreement Revenue 5.000%  5/15/37       2,400      2,592
  Lower Colorado River Authority Intergovernmental Agreement Revenue 5.000%  5/15/38       1,500      1,593
  Lower Colorado River Authority Intergovernmental Agreement Revenue 5.000%  5/15/38       3,000      3,225
  Lower Colorado River Authority Intergovernmental Agreement Revenue 5.250%  5/15/38       1,870      2,066
  Lower Colorado River Authority Intergovernmental Agreement Revenue 5.000%  5/15/39       2,000      2,117
  Lower Colorado River Authority Intergovernmental Agreement Revenue 5.000%  5/15/39       8,635      9,234
3 Lower Colorado River Authority Intergovernmental Agreement Revenue 5.000%  5/15/39       1,000      1,083
  Lower Colorado River Authority Intergovernmental Agreement Revenue 5.250%  5/15/39       2,190      2,405
  Lower Colorado River Authority Intergovernmental Agreement Revenue 5.000%  5/15/40       2,710      2,858
3 Lower Colorado River Authority Intergovernmental Agreement Revenue 5.000%  5/15/40       2,570      2,777
  Lower Colorado River Authority Intergovernmental Agreement Revenue 5.000%  5/15/40      17,345     18,470
  Lower Colorado River Authority Intergovernmental Agreement Revenue 5.250%  5/15/40       2,000      2,186
  Lower Colorado River Authority Intergovernmental Agreement Revenue 5.000%  5/15/41       4,250      4,464
  Lower Colorado River Authority Intergovernmental Agreement Revenue 5.000%  5/15/41      13,475     14,280
8 Lower Colorado River Authority Intergovernmental Agreement Revenue 5.000%  5/15/41       4,250      4,638
  Lower Colorado River Authority Intergovernmental Agreement Revenue 5.250%  5/15/41       1,000      1,087
8 Lower Colorado River Authority Intergovernmental Agreement Revenue 5.000%  5/15/42       5,350      5,809
  Lower Colorado River Authority Intergovernmental Agreement Revenue 5.250%  5/15/42       2,000      2,164
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
3 Lower Colorado River Authority Intergovernmental Agreement Revenue 4.000%  5/15/43       8,000      7,799
8 Lower Colorado River Authority Intergovernmental Agreement Revenue 5.000%  5/15/43       8,650      9,349
  Lower Colorado River Authority Intergovernmental Agreement Revenue 5.000%  5/15/44       3,395      3,451
8 Lower Colorado River Authority Intergovernmental Agreement Revenue 5.000%  5/15/44       9,250      9,953
  Lower Colorado River Authority Intergovernmental Agreement Revenue (LCRA Transmission Services Corp. Project) 5.000%  5/15/34       3,015      3,297
  Lower Colorado River Authority Intergovernmental Agreement Revenue (LCRA Transmission Services Corp. Project) 5.000%  5/15/36       5,250      5,688
  Lubbock County TX GO 4.000%  2/15/42       2,040      1,995
  Lubbock County TX GO 4.000%  2/15/43       2,335      2,267
  Lubbock TX Electric Light & Power System Electric Power & Light Revenue 4.000%  4/15/34       1,825      1,879
  Lubbock TX Electric Light & Power System Electric Power & Light Revenue 4.000%  4/15/35       4,415      4,540
  Lubbock TX Electric Light & Power System Electric Power & Light Revenue 4.000%  4/15/36       3,620      3,712
  Lubbock TX Electric Light & Power System Electric Power & Light Revenue 3.000%  4/15/37       7,510      6,501
  Lubbock TX Electric Light & Power System Electric Power & Light Revenue 4.000%  4/15/38       3,420      3,472
3 Lubbock TX Electric Light & Power System Electric Power & Light Revenue 5.000%  4/15/39       3,640      3,945
  Lubbock TX Electric Light & Power System Electric Power & Light Revenue 3.000%  4/15/40      10,095      8,220
3 Lubbock TX Electric Light & Power System Electric Power & Light Revenue 5.000%  4/15/40       3,820      4,118
3 Lubbock TX Electric Light & Power System Electric Power & Light Revenue 5.000%  4/15/41       4,010      4,295
3 Lubbock TX Electric Light & Power System Electric Power & Light Revenue 5.000%  4/15/42       2,000      2,130
  Lubbock TX GO 4.000%  2/15/31       1,525      1,535
  Lubbock TX GO 4.000%  2/15/32       1,425      1,433
  Lubbock TX GO 4.000%  2/15/33       1,000      1,005
  Lubbock TX GO 4.000%  2/15/41       1,195      1,175
20 Lubbock-Cooper Independent School District GO 5.000%  2/15/44       1,895      2,046
20 Lubbock-Cooper Independent School District GO 4.000%  2/15/47       1,475      1,410
20 Lumberton Independent School District GO 3.000%  2/15/40       1,415      1,232
20 Mabank Independent School District GO 5.000%  8/15/42       2,355      2,556
  Mainland College GO 4.000%  8/15/30         650        671
  Mainland College GO 4.000%  8/15/31         795        818
  Mainland College GO 4.000%  8/15/32         560        574
  Mainland College GO 4.000%  8/15/33         510        521
  Mainland College GO 4.000%  8/15/34         635        647
  Mainland College GO 4.000%  8/15/35         500        508
  Mainland College GO 4.000%  8/15/36       1,000      1,011
  Mainland College GO 4.000%  8/15/37         750        755
  Mainland College GO 4.000%  8/15/38         750        751
  Mainland College GO 4.000%  8/15/39       1,680      1,667
  Mainland College GO 4.000%  8/15/40         895        877
20 Malakoff Independent School District GO 2.000%  2/15/38       2,805      2,136
20 Malakoff Independent School District GO 2.000%  2/15/39       2,865      2,130
20 Malakoff Independent School District GO 2.000%  2/15/40       2,920      2,118
20 Malakoff Independent School District GO 2.000%  2/15/41       2,980      2,106
  Mansfield TX GO 5.000%  2/15/39       1,000      1,087
  Mansfield TX GO 5.000%  2/15/42       4,210      4,551
  Mansfield TX GO 5.000%  2/15/43       4,425      4,764
  Mansfield TX GO 5.000%  2/15/44       4,650      4,986
  Mansfield TX Waterworks & Sewer System Water Revenue 5.000%   8/1/42       1,100      1,186
  Mansfield TX Waterworks & Sewer System Water Revenue 5.000%   8/1/43       1,120      1,202
  Mansfield TX Waterworks & Sewer System Water Revenue 5.000%   8/1/44       1,010      1,081
  Matagorda County Navigation District No. 1 Electric Power & Light Revenue (Central Power & Light Co. Project) 2.600%  11/1/29      10,000      9,563
20 McGregor Independent School District GO 5.000%  2/15/42       1,250      1,366
20 McKinney Independent School District GO 5.000%  2/15/37       2,000      2,086
20 McKinney Independent School District GO 2.000%  2/15/40       2,000      1,451
20 McKinney Independent School District GO 2.000%  2/15/41       2,000      1,414
  McKinney TX GO 5.000%  8/15/33         275        311
  McKinney TX GO 3.500%  8/15/34         775        761
  McKinney TX GO 3.625%  8/15/35         780        778
  McKinney TX GO 3.750%  8/15/37       1,065      1,063
  McKinney TX GO 3.875%  8/15/39       1,830      1,807
  McKinney TX GO 3.875%  8/15/40       1,900      1,852
  McKinney TX Waterworks & Sewer System Water Revenue 5.000%  3/15/32         350        393
  McKinney TX Waterworks & Sewer System Water Revenue 5.000%  3/15/33         700        783
  McKinney TX Waterworks & Sewer System Water Revenue 5.000%  3/15/34         500        557
  McKinney TX Waterworks & Sewer System Water Revenue 5.000%  3/15/35         570        632
  McKinney TX Waterworks & Sewer System Water Revenue 5.000%  3/15/36       1,000      1,104
  McKinney TX Waterworks & Sewer System Water Revenue 5.000%  3/15/37         750        825
  McKinney TX Waterworks & Sewer System Water Revenue 5.000%  3/15/38         750        821
  McKinney TX Waterworks & Sewer System Water Revenue 5.000%  3/15/39       1,000      1,087
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  McKinney TX Waterworks & Sewer System Water Revenue 5.000%  3/15/40         725        783
  McKinney TX Waterworks & Sewer System Water Revenue 5.000%  3/15/42       1,000      1,070
20 Medina Valley Independent School District GO 5.000%  2/15/41       8,390      9,109
20 Medina Valley Independent School District GO 5.000%  2/15/42      11,475     12,403
20 Medina Valley Independent School District GO 5.000%  2/15/43       5,000      5,382
20 Melissa Independent School District GO 5.000%   2/1/32         500        562
20 Melissa Independent School District GO 5.000%   2/1/33         600        682
20 Melissa Independent School District GO 5.000%   2/1/34       1,000      1,147
20 Melissa Independent School District GO 5.000%   2/1/41       1,350      1,481
20 Melissa Independent School District GO 5.000%   2/1/42       1,000      1,084
20 Melissa Independent School District GO 5.000%   2/1/42       1,320      1,442
20 Melissa Independent School District GO 5.000%   2/1/43       1,790      1,947
20 Melissa Independent School District GO 5.000%   2/1/44       1,775      1,923
7 Mesquite Health Facilities Development Corp. Health, Hospital, Nursing Home Revenue 5.125%  2/15/30         338          3
  Mesquite Housing Finance Corp. Local or Guaranteed Housing Revenue 4.530%   2/1/44       3,000      2,989
20 Mesquite Independent School District GO 5.000%  8/15/29       1,175      1,212
20 Midland Independent School District GO 4.000%  2/15/39       4,500      4,549
20 Midland Independent School District GO 4.000%  2/15/40       1,985      1,994
20 Midland Independent School District GO 4.000%  2/15/41       2,900      2,896
20 Midland Independent School District GO 4.000%  2/15/42      12,855     12,731
20 Midland Independent School District GO 4.000%  2/15/43      23,945     23,522
20 Midland Independent School District GO 4.000%  2/15/44      21,650     21,087
  Midland TX GO 4.000%  2/15/38       3,000      3,069
  Midland TX GO 4.000%  2/15/40       4,450      4,487
  Midland TX GO 4.000%  2/15/41       7,000      7,007
  Midland TX GO 4.000%   3/1/42       1,050      1,040
4 Midlothian TX Special Assessment Revenue 4.375%  9/15/27         100         99
4 Midlothian TX Special Assessment Revenue 4.750%  9/15/32         250        248
  Mont Belvieu TX GO 4.000%  8/15/37       1,745      1,767
  Montgomery County Toll Road Authority Highway Revenue 5.000%  9/15/31         525        529
  Montgomery County Toll Road Authority Highway Revenue 5.000%  9/15/32         685        689
  Montgomery County Toll Road Authority Highway Revenue 5.000%  9/15/33         710        714
  Montgomery County Toll Road Authority Highway Revenue 5.000%  9/15/34       1,520      1,529
  Montgomery County Toll Road Authority Highway Revenue 5.000%  9/15/36       1,110      1,115
  Montgomery County TX GO 4.000%   3/1/29      11,625     11,932
  Montgomery County TX GO 4.000%   3/1/30      13,500     13,844
  Montgomery County TX GO 5.000%   3/1/31      16,450     16,800
  Montgomery County TX GO 5.000%   3/1/32      16,910     17,259
20 Montgomery Independent School District GO 5.000%  2/15/31       1,350      1,505
20 Montgomery Independent School District GO 5.000%  2/15/32       1,715      1,935
20 Montgomery Independent School District GO 5.000%  2/15/33       1,880      2,139
20 Montgomery Independent School District GO 4.000%  2/15/34       6,115      6,117
20 Montgomery Independent School District GO 5.000%  2/15/40       4,395      4,767
20 New Braunfels Independent School District GO 3.000%   2/1/39       2,970      2,569
  New Braunfels TX GO 4.000%   2/1/34       1,630      1,630
20 New Caney Independent School District GO 5.000%  2/15/27       1,000      1,044
20 New Caney Independent School District GO 5.000%  2/15/28         525        559
20 New Caney Independent School District GO 5.000%  2/15/29       1,300      1,407
20 New Caney Independent School District GO 5.000%  2/15/34       2,750      2,752
20 New Caney Independent School District GO 5.000%  2/15/39       1,300      1,437
20 New Caney Independent School District GO 5.000%  2/15/40       3,500      3,833
20 New Caney Independent School District GO 5.000%  2/15/41       3,850      4,193
20 New Caney Independent School District GO 5.000%  2/15/41       1,000      1,097
20 New Caney Independent School District GO 5.000%  2/15/42       4,150      4,501
20 New Caney Independent School District GO 5.000%  2/15/42       1,000      1,090
20 New Caney Independent School District GO 5.000%  2/15/43       1,650      1,782
20 New Caney Independent School District GO PUT 4.000%  8/15/27       1,280      1,305
  New Hope Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue 5.000%  8/15/26       2,450      2,521
  New Hope Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue 5.000%  8/15/27       3,545      3,712
  New Hope Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue 5.000%  8/15/29       2,500      2,614
  New Hope Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue 5.000%  8/15/30       2,000      2,087
  New Hope Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue 4.000%  8/15/33       3,125      3,141
  New Hope Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue 4.000%  8/15/34       3,310      3,319
  New Hope Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue 4.000%  8/15/35       3,000      3,002
  New Hope Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue 4.000%  8/15/36       3,750      3,732
  New Hope Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue 4.000%  8/15/37       2,845      2,808
  New Hope Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue (Morningside Ministries Project) 4.000%   1/1/32         840        763
  New Hope Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue (Morningside Ministries Project) 4.000%   1/1/37       1,155        971
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  New Hope Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue (Morningside Ministries Project) 4.000%   1/1/42       1,825      1,401
  New Hope Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue (Outlook at Windhaven Project) 4.250%  10/1/26         680        680
  New Hope Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue (Outlook at Windhaven Project) 4.500%  10/1/26       2,560      2,560
  New Hope Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue (Outlook at Windhaven Project) 6.500%  10/1/33         720        753
  New Hope Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue (Presbyterian Village North Project) 5.000%  10/1/34       1,500      1,476
  New Hope Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue (Wesleyan Homes Inc. Project) 5.250%   1/1/29       1,390      1,390
  New Hope Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue (Wesleyan Homes Inc. Project) 5.500%   1/1/35       1,400      1,400
  New Hope Cultural Education Facilities Finance Corp. Local or Guaranteed Housing Revenue, Prere. 5.000%   4/1/25       3,245      3,256
  New Hope Cultural Education Facilities Finance Corp. Local or Guaranteed Housing Revenue, Prere. 5.000%   4/1/25       1,000      1,003
4,5 New Hope Cultural Education Facilities Finance Corp. Revenue TOB VRDO 2.200%   2/3/25      69,265     69,265
  North East Texas Regional Mobility Authority Highway Revenue 5.000%   1/1/26       1,415      1,433
  North East Texas Regional Mobility Authority Highway Revenue 5.000%   1/1/27       1,485      1,505
  North East Texas Regional Mobility Authority Highway Revenue 5.000%   1/1/28       1,560      1,581
  North East Texas Regional Mobility Authority Highway Revenue 5.000%   1/1/29       1,640      1,661
  North East Texas Regional Mobility Authority Highway Revenue 5.000%   1/1/30       1,470      1,488
  North East Texas Regional Mobility Authority Highway Revenue 5.000%   1/1/36       9,000      9,097
20 North East TX Independent School District GO 4.000%   8/1/35       1,250      1,267
20 North East TX Independent School District GO 3.000%   8/1/38       1,200      1,077
1 North Fort Bend Water Authority Water Revenue 4.000% 12/15/32       1,350      1,404
1 North Fort Bend Water Authority Water Revenue 4.000% 12/15/34         375        386
1 North Fort Bend Water Authority Water Revenue 3.000% 12/15/35         750        691
1 North Fort Bend Water Authority Water Revenue 3.000% 12/15/36         590        540
4 North Parkway Municipal Management District No. 1 Special Assessment Revenue 3.625%  9/15/31         243        228
4 North Parkway Municipal Management District No. 1 Special Assessment Revenue (Major Improvements Project) 4.250%  9/15/31       3,153      3,128
4 North Parkway Municipal Management District No. 1 Special Assessment Revenue (Major Improvements Project) 4.750%  9/15/41       8,000      7,775
  North Texas Municipal Water District Upper East Fork Wastewater Interceptor System Sewer Revenue 2.000%   6/1/40       3,300      2,319
  North Texas Municipal Water District Water System Water Revenue 3.000%   9/1/35       1,075      1,020
  North Texas Municipal Water District Water System Water Revenue 3.000%   9/1/37       4,490      4,148
  North Texas Tollway Authority Highway Revenue 5.000%   1/1/26         115        115
  North Texas Tollway Authority Highway Revenue 5.000%   1/1/26          70         70
  North Texas Tollway Authority Highway Revenue 5.000%   1/1/26      11,735     11,964
  North Texas Tollway Authority Highway Revenue 5.000%   1/1/27       4,570      4,657
  North Texas Tollway Authority Highway Revenue 5.000%   1/1/27       2,705      2,756
  North Texas Tollway Authority Highway Revenue 5.000%   1/1/27      17,175     17,870
  North Texas Tollway Authority Highway Revenue 5.000%   1/1/28       3,195      3,245
  North Texas Tollway Authority Highway Revenue 5.000%   1/1/29       4,810      5,180
  North Texas Tollway Authority Highway Revenue 5.000%   1/1/30       6,495      6,596
  North Texas Tollway Authority Highway Revenue 5.000%   1/1/30       1,925      1,954
  North Texas Tollway Authority Highway Revenue 5.000%   1/1/30       6,180      6,724
  North Texas Tollway Authority Highway Revenue 5.000%   1/1/31       3,095      3,142
  North Texas Tollway Authority Highway Revenue 5.000%   1/1/31       9,285      9,420
  North Texas Tollway Authority Highway Revenue 5.000%   1/1/31       2,350      2,606
  North Texas Tollway Authority Highway Revenue 5.000%   1/1/31       3,465      3,821
  North Texas Tollway Authority Highway Revenue 4.000%   1/1/32      13,500     13,664
  North Texas Tollway Authority Highway Revenue 5.000%   1/1/32       3,615      3,668
  North Texas Tollway Authority Highway Revenue 5.000%   1/1/32       4,830      4,980
  North Texas Tollway Authority Highway Revenue 5.000%   1/1/32       6,180      6,933
  North Texas Tollway Authority Highway Revenue 5.000%   1/1/32      10,000     11,145
  North Texas Tollway Authority Highway Revenue 4.000%   1/1/33       2,575      2,602
  North Texas Tollway Authority Highway Revenue 4.000%   1/1/33       2,000      2,051
  North Texas Tollway Authority Highway Revenue 5.000%   1/1/33       6,905      7,121
  North Texas Tollway Authority Highway Revenue 5.000%   1/1/33       2,415      2,488
  North Texas Tollway Authority Highway Revenue 5.000%   1/1/33         835        946
  North Texas Tollway Authority Highway Revenue 5.000%   1/1/33       1,250      1,416
  North Texas Tollway Authority Highway Revenue 5.000%   1/1/33      11,710     13,174
3 North Texas Tollway Authority Highway Revenue 4.000%   1/1/34       2,035      2,049
  North Texas Tollway Authority Highway Revenue 4.000%   1/1/34       2,000      2,043
  North Texas Tollway Authority Highway Revenue 5.000%   1/1/34       1,500      1,520
  North Texas Tollway Authority Highway Revenue 5.000%   1/1/34       4,275      4,405
  North Texas Tollway Authority Highway Revenue 5.000%   1/1/34       7,050      8,058
  North Texas Tollway Authority Highway Revenue 5.000%   1/1/34       1,500      1,565
  North Texas Tollway Authority Highway Revenue 5.000%   1/1/34       8,935     10,138
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  North Texas Tollway Authority Highway Revenue 5.000%   1/1/34       6,905      7,892
3 North Texas Tollway Authority Highway Revenue 4.000%   1/1/35       3,000      3,016
  North Texas Tollway Authority Highway Revenue 5.000%   1/1/35       1,025      1,038
  North Texas Tollway Authority Highway Revenue 5.000%   1/1/35       5,025      5,170
  North Texas Tollway Authority Highway Revenue 5.000%   1/1/35       2,130      2,216
  North Texas Tollway Authority Highway Revenue 4.000%   1/1/36      13,245     13,302
3 North Texas Tollway Authority Highway Revenue 4.000%   1/1/36       3,100      3,109
  North Texas Tollway Authority Highway Revenue 4.000%   1/1/36       1,345      1,361
  North Texas Tollway Authority Highway Revenue 5.000%   1/1/36       1,930      1,954
  North Texas Tollway Authority Highway Revenue 5.000%   1/1/36       7,045      7,236
  North Texas Tollway Authority Highway Revenue 5.000%   1/1/36       2,955      3,065
  North Texas Tollway Authority Highway Revenue 4.000%   1/1/37      10,000     10,024
  North Texas Tollway Authority Highway Revenue 4.000%   1/1/37       3,000      3,008
  North Texas Tollway Authority Highway Revenue 4.000%   1/1/37      37,490     37,818
  North Texas Tollway Authority Highway Revenue 4.000%   1/1/37       3,300      3,325
  North Texas Tollway Authority Highway Revenue 5.000%   1/1/37      10,200     10,469
  North Texas Tollway Authority Highway Revenue 3.000%   1/1/38      20,000     17,960
  North Texas Tollway Authority Highway Revenue 4.000%   1/1/38       3,105      3,107
  North Texas Tollway Authority Highway Revenue 4.000%   1/1/38       2,500      2,504
  North Texas Tollway Authority Highway Revenue 5.000%   1/1/38      11,285     11,736
  North Texas Tollway Authority Highway Revenue 5.000%   1/1/39         500        505
  North Texas Tollway Authority Highway Revenue 5.000%   1/1/39       9,500     10,349
  North Texas Tollway Authority Highway Revenue 4.125%   1/1/40      15,250     15,324
  North Texas Tollway Authority Highway Revenue 5.000%   1/1/40      11,265     12,190
  North Texas Tollway Authority Highway Revenue 4.000%   1/1/41       1,135      1,102
  North Texas Tollway Authority Highway Revenue 5.000%   1/1/41       1,500      1,629
  North Texas Tollway Authority Highway Revenue 5.000%   1/1/41       3,000      3,286
  North Texas Tollway Authority Highway Revenue 5.250%   1/1/42       5,575      6,186
  North Texas Tollway Authority Highway Revenue 5.000%   1/1/43      37,685     38,724
  North Texas Tollway Authority Highway Revenue 5.000%   1/1/43       1,250      1,352
  North Texas Tollway Authority Highway Revenue 5.250%   1/1/44       4,275      4,709
  North Texas Tollway Authority Highway Revenue (Special Projects System), Prere. 0.000%   9/1/31      25,000     12,787
8 North Texas Tollway Authority Miscellaneous Revenue 0.000%   1/1/28       1,500      1,360
8 North Texas Tollway Authority Miscellaneous Revenue 0.000%   1/1/30       7,000      5,897
8 North Texas Tollway Authority Miscellaneous Revenue 0.000%   1/1/31      15,195     12,338
8 North Texas Tollway Authority Miscellaneous Revenue 0.000%   1/1/32      15,860     12,376
8 North Texas Tollway Authority Miscellaneous Revenue 0.000%   1/1/33      13,000      9,737
8 North Texas Tollway Authority Miscellaneous Revenue 0.000%   1/1/34      43,080     30,947
8 North Texas Tollway Authority Miscellaneous Revenue 0.000%   1/1/35      12,500      8,600
8 North Texas Tollway Authority Miscellaneous Revenue 0.000%   1/1/36      10,000      6,586
8 North Texas Tollway Authority Miscellaneous Revenue 0.000%   1/1/37       7,310      4,604
20 Northside Independent School District GO 5.000%  6/15/27       2,235      2,301
20 Northside Independent School District GO 5.000%   8/1/37       1,000      1,110
20 Northside Independent School District GO 5.000%   8/1/39       1,000      1,098
20 Northside Independent School District GO 3.000%   6/1/40       1,000        866
20 Northside Independent School District GO 5.000%   8/1/40       1,485      1,621
20 Northside Independent School District GO 5.000%  8/15/40       1,500      1,648
20 Northside Independent School District GO 5.000%   8/1/41       3,000      3,254
20 Northside Independent School District GO 5.000%   8/1/42       2,165      2,336
20 Northside Independent School District GO 5.000%  8/15/42       1,500      1,627
20 Northside Independent School District GO PUT 0.700%   6/1/25      10,000      9,892
20 Northside Independent School District GO PUT 3.000%   8/1/26      43,495     43,300
20 Northside Independent School District GO PUT 2.000%   6/1/27       4,145      4,000
20 Northwest Independent School District GO 5.000%  2/15/32       1,000      1,128
20 Northwest Independent School District GO 5.000%  2/15/33       1,175      1,340
20 Northwest Independent School District GO 5.000%  2/15/34       1,500      1,702
20 Northwest Independent School District GO 4.000%  2/15/39       2,410      2,430
20 Northwest Independent School District GO 5.000%  2/15/39       2,000      2,184
20 Northwest Independent School District GO 5.000%  2/15/39       1,035      1,142
20 Northwest Independent School District GO 4.000%  2/15/40       1,550      1,557
20 Northwest Independent School District GO 5.000%  2/15/40       2,055      2,236
20 Northwest Independent School District GO 5.000%  2/15/40       4,500      4,896
20 Northwest Independent School District GO 5.000%  2/15/41       4,800      5,195
20 Northwest Independent School District GO 5.000%  2/15/41       1,125      1,227
20 Northwest Independent School District GO 4.000%  2/15/42       7,000      6,930
20 Northwest Independent School District GO 5.000%  2/15/42       1,735      1,882
20 Northwest Independent School District GO 5.000%  2/15/42       1,960      2,126
20 Northwest Independent School District GO 4.000%  2/15/43       5,800      5,702
20 Northwest Independent School District GO 5.000%  2/15/43       2,705      2,920
20 Northwest Independent School District GO 5.000%  2/15/43       1,840      1,986
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
20 Northwest Independent School District GO 5.000%  2/15/44       4,090      4,395
20 Northwest Independent School District GO 5.000%  2/15/44       2,635      2,831
  Nueces County TX GO 4.000%  2/15/34         480        495
  Nueces County TX GO 4.000%  2/15/36         640        652
  Nueces County TX GO 4.000%  2/15/39       1,250      1,246
  Odessa Junior College District GO 5.000%  8/15/26         770        794
  Odessa Junior College District GO 5.000%  8/15/28         660        695
  Odessa Junior College District GO 4.000%  8/15/35       2,170      2,192
  Odessa Junior College District GO 4.000%  8/15/36       1,000      1,008
  Odessa Junior College District GO 4.000%  8/15/37       2,885      2,902
  Odessa TX GO 3.000%   3/1/33       5,355      5,087
  Odessa TX GO 3.000%   3/1/34       2,685      2,518
  Odessa TX GO 3.000%   3/1/35       2,425      2,251
20 Palacios Independent School District GO 4.000%  2/15/33       2,995      3,108
20 Palacios Independent School District GO 4.000%  2/15/34       3,115      3,226
20 Palacios Independent School District GO 4.000%  2/15/35       3,240      3,345
20 Pampa Independent School District GO 5.000%  8/15/39       1,000      1,111
20 Pampa Independent School District GO 5.000%  8/15/41       2,280      2,503
20 Pampa Independent School District GO 5.000%  8/15/43       1,045      1,137
20 Pampa Independent School District GO 5.000%  8/15/44       1,340      1,452
20 Pasadena Independent School District GO 5.000%  2/15/40       3,280      3,604
20 Pasadena Independent School District GO 5.000%  2/15/41       1,585      1,735
20 Pasadena Independent School District GO 5.000%  2/15/42       1,000      1,090
20 Pasadena Independent School District GO 5.000%  2/15/43       3,500      3,802
  Pasadena TX GO 4.000%  2/15/30       1,765      1,767
20 Pearland Independent School District GO 5.000%  2/15/28       2,055      2,096
20 Pearland Independent School District GO 5.000%  2/15/31         825        841
20 Pearland Independent School District GO 5.000%  2/15/42       7,140      7,435
20 Pearland Independent School District GO, Prere. 5.000%  2/15/26         175        179
  Pearland TX GO 5.000%   3/1/30       2,285      2,331
1 Pearland TX GO 5.000%   9/1/31         510        569
1 Pearland TX GO 5.000%   9/1/32         735        827
1 Pearland TX GO 5.000%   9/1/34         540        611
1 Pearland TX GO 5.000%   9/1/35         565        635
1 Pearland TX GO 5.000%   9/1/36         605        675
1 Pearland TX GO 5.250%   9/1/37         460        519
1 Pearland TX GO 5.250%   9/1/38         475        533
1 Pearland TX GO 5.250%   9/1/39       1,020      1,137
1 Pearland TX GO 5.250%   9/1/40       1,070      1,186
1 Pearland TX GO 5.250%   9/1/41       1,000      1,102
1 Pearland TX GO 5.250%   9/1/42       1,000      1,097
1 Pearland TX GO 5.250%   9/1/43         700        764
  Pearland TX GO, Prere. 5.000%   3/1/26       7,290      7,449
20 Pecos Barstow Toyah Independent School District GO 5.000%  2/15/28       1,250      1,327
20 Pecos Barstow Toyah Independent School District GO 5.000%  2/15/29       1,240      1,312
20 Pecos Barstow Toyah Independent School District GO 5.000%  2/15/35       1,275      1,339
20 Pecos Barstow Toyah Independent School District GO 5.000%  2/15/36       1,000      1,049
20 Pecos Barstow Toyah Independent School District GO 5.000%  2/15/37       1,300      1,362
20 Pecos Barstow Toyah Independent School District GO 5.000%  2/15/37       1,000      1,068
20 Pecos Barstow Toyah Independent School District GO 5.000%  2/15/38       1,500      1,596
20 Pecos Barstow Toyah Independent School District GO 5.000%  2/15/39       1,500      1,587
20 Pecos Barstow Toyah Independent School District GO 5.000%  2/15/40       1,100      1,160
20 Pecos Barstow Toyah Independent School District GO 4.000%  2/15/43       4,500      4,393
20 Pecos Barstow Toyah Independent School District GO, Prere. 4.000%  2/15/30         740        782
20 Pecos Barstow Toyah Independent School District GO, Prere. 4.000%  2/15/30         960      1,014
  Permanent University Fund - Texas A&M University System College & University Revenue 5.000%   7/1/26       4,000      4,129
  Permanent University Fund - University of Texas System College & University Revenue 5.000%   7/1/34      13,000     15,045
  Permanent University Fund - University of Texas System College & University Revenue 5.000%   7/1/40      20,415     22,549
  Permanent University Fund - University of Texas System College & University Revenue 4.000%   7/1/41       3,250      3,271
  Permanent University Fund - University of Texas System College & University Revenue 5.000%   7/1/41      28,185     30,961
20 Pflugerville Independent School District GO 5.000%  2/15/32       5,160      5,446
20 Pflugerville Independent School District GO 5.000%  2/15/35       5,000      5,468
  Pflugerville Independent School District GO 5.000%  2/15/35       1,500      1,660
20 Pflugerville Independent School District GO 5.000%  2/15/37       4,400      4,476
20 Pflugerville Independent School District GO 5.000%  2/15/38       5,000      5,083
20 Pflugerville Independent School District GO 5.000%  2/15/39       3,005      3,051
  Pflugerville TX GO 4.000%   8/1/38       1,770      1,789
  Pflugerville TX GO 4.000%   8/1/39       1,930      1,939
  Pflugerville TX GO 5.000%   8/1/40       1,300      1,395
  Pflugerville TX GO 5.000%   8/1/40       3,445      3,697
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Pflugerville TX GO 4.000%   8/1/41         890        877
4 Pilot Point TX Special Assessment Revenue 5.250%  9/15/32         234        237
4 Pilot Point TX Special Assessment Revenue 5.250%  9/15/32         258        262
4 Pilot Point TX Special Assessment Revenue 5.500%  9/15/42         716        719
20 Plano Independent School District GO 5.000%  2/15/28      12,745     12,999
6,20 Plano Independent School District GO 5.000%  2/15/29      10,000     10,806
6,20 Plano Independent School District GO 5.000%  2/15/30       7,000      7,686
6,20 Plano Independent School District GO 5.000%  2/15/31      11,680     13,013
6,20 Plano Independent School District GO 5.000%  2/15/32      10,000     11,260
6,20 Plano Independent School District GO 5.000%  2/15/41       2,280      2,523
  Plano Independent School District GO 5.000%  2/15/43      10,190     10,947
  Plano TX GO 5.000%   9/1/28       2,200      2,363
  Plano TX GO 4.000%   9/1/41       4,875      4,885
20 Port Arthur Independent School District GO 4.000%  2/15/30       2,060      2,075
  Port Authority of Houston of Harris County Texas Port, Airport & Marina Revenue 5.000%  10/1/27       1,000      1,055
  Port Authority of Houston of Harris County Texas Port, Airport & Marina Revenue 5.000%  10/1/29       1,750      1,903
  Port Authority of Houston of Harris County Texas Port, Airport & Marina Revenue 4.000%  10/1/35       1,525      1,563
  Port Authority of Houston of Harris County Texas Port, Airport & Marina Revenue 4.000%  10/1/37       3,355      3,399
  Port Authority of Houston of Harris County Texas Port, Airport & Marina Revenue 5.000%  10/1/40       4,150      4,495
  Port Authority of Houston of Harris County Texas Port, Airport & Marina Revenue 5.000%  10/1/41       5,000      5,374
  Port Authority of Houston of Harris County Texas Port, Airport & Marina Revenue 5.000%  10/1/42       3,800      4,062
  Port Authority of Houston of Harris County Texas Port, Airport & Marina Revenue 5.000%  10/1/43       7,500      7,982
20 Port Neches-Groves TX Independent School District GO 2.000%  2/15/39       2,305      1,711
  Port of Corpus Christi Authority of Nueces County Port, Airport & Marina Revenue 4.000%  12/1/35       1,655      1,679
  Port of Corpus Christi Authority of Nueces County Port, Airport & Marina Revenue 5.000%  12/1/36       1,280      1,342
  Port of Corpus Christi Authority of Nueces County Port, Airport & Marina Revenue 5.000%  12/1/37       1,500      1,565
  Port of Corpus Christi Authority of Nueces County Port, Airport & Marina Revenue 5.000%  12/1/38       1,200      1,247
20 Prosper Independent School District GO 5.000%  2/15/37       2,270      2,369
20 Prosper Independent School District GO 3.000%  2/15/38       4,605      4,055
20 Prosper Independent School District GO 3.000%  2/15/41       4,635      3,877
20 Prosper Independent School District GO PUT 4.000%  8/15/26       1,995      2,013
20 Rankin Independent School District GO 5.000%  2/15/30       1,000      1,072
20 Rankin Independent School District GO 5.000%  2/15/31       1,460      1,565
20 Rankin Independent School District GO 5.000%  2/15/32       1,320      1,411
20 Rankin Independent School District GO 5.000%  2/15/34         640        661
20 Red Oak Independent School District GO 5.000%  2/15/39       2,365      2,614
20 Red Oak Independent School District GO 5.000%  2/15/40       2,485      2,721
  Red River Education Finance Corp. College & University Revenue (St. Edward's University Project) 5.000%   6/1/25       1,000      1,003
  Red River Education Finance Corp. College & University Revenue (St. Edward's University Project) 5.000%   6/1/26         985        995
  Red River Education Finance Corp. College & University Revenue (St. Edward's University Project) 5.000%   6/1/27         900        909
  Red River Education Finance Corp. College & University Revenue (St. Edward's University Project) 5.000%   6/1/28         805        812
  Red River Education Finance Corp. College & University Revenue (St. Edward's University Project) 5.000%   6/1/29       1,420      1,431
  Red River Education Finance Corp. College & University Revenue (St. Edward's University Project) 4.000%   6/1/36       1,000        924
  Red River Education Finance Corp. College & University Revenue (Texas Christian University Project) 5.000%  3/15/35      20,000     23,014
20 Richardson Independent School District GO 5.000%  2/15/38       3,000      3,305
20 Richardson Independent School District GO 3.000%  2/15/39       1,000        873
20 Richardson Independent School District GO 5.000%  2/15/40       4,340      4,722
20 Richardson Independent School District GO 3.000%  2/15/41       1,000        841
20 Richardson Independent School District GO 5.000%  2/15/41       3,510      3,799
20 Richardson Independent School District GO 5.000%  2/15/42       3,300      3,546
20 Rockwall Independent School District GO 5.000%  2/15/38       1,450      1,608
  Round Rock Independent School District GO 3.000%   8/1/34       2,010      1,835
3 Royse City TX GO 4.125%  8/15/42       1,000        991
20 Royse City TX Independent School District GO 5.000%  2/15/40       5,415      5,906
20 Royse City TX Independent School District GO 5.000%  2/15/41       2,500      2,713
  SA Energy Acquisition Public Facility Corp. Natural Gas Revenue 5.500%   8/1/25       4,650      4,686
  SA Energy Acquisition Public Facility Corp. Natural Gas Revenue 5.500%   8/1/26       7,000      7,159
  SA Energy Acquisition Public Facility Corp. Natural Gas Revenue 5.500%   8/1/27       1,805      1,872
  San Antonio Housing Trust Public Facility Corp. 4.450%   4/1/43       1,570      1,558
  San Antonio Housing Trust Public Facility Corp. Local or Guaranteed Housing Revenue 4.550%   3/1/43       4,560      4,588
  San Antonio Housing Trust Public Facility Corp. Local or Guaranteed Housing Revenue 4.430%   4/1/43       2,335      2,312
  San Antonio Municipal Facilities Corp. Lease (Appropriation) Revenue (City Tower Renovation Project) 3.000%   8/1/33       2,110      1,990
  San Antonio Municipal Facilities Corp. Lease (Appropriation) Revenue (City Tower Renovation Project) 3.000%   8/1/35       2,425      2,239
  San Antonio Municipal Facilities Corp. Lease (Appropriation) Revenue (City Tower Renovation Project) 3.000%   8/1/36       2,580      2,362
  San Antonio Municipal Facilities Corp. Lease (Appropriation) Revenue (City Tower Renovation Project) 3.000%   8/1/37         720        653
  San Antonio Municipal Facilities Corp. Lease (Appropriation) Revenue (City Tower Renovation Project) 3.000%   8/1/38       2,805      2,508
  San Antonio Municipal Facilities Corp. Lease (Appropriation) Revenue (City Tower Renovation Project) 3.000%   8/1/39       2,985      2,649
  San Antonio Municipal Facilities Corp. Lease (Appropriation) Revenue (City Tower Renovation Project) 3.000%   8/1/40       3,125      2,719
  San Antonio Municipal Facilities Corp. Lease (Appropriation) Revenue (City Tower Renovation Project) 3.000%   8/1/41       3,295      2,817
  San Antonio Public Facilities Corp. Lease (Appropriation) Revenue (Convention Center Facilities Program) 5.000%  9/15/33      20,000     22,189
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  San Antonio Public Facilities Corp. Lease (Appropriation) Revenue (Convention Center Facilities Program) 5.000%  9/15/34      17,500     19,322
  San Antonio Public Facilities Corp. Lease (Appropriation) Revenue (Convention Center Facilities Program) 5.000%  9/15/35      21,625     23,792
  San Antonio Public Facilities Corp. Lease (Appropriation) Revenue (Convention Center Facilities Program) 5.000%  9/15/36      35,700     39,141
  San Antonio Public Facilities Corp. Lease (Appropriation) Revenue (Convention Center Facilities Program) 5.000%  9/15/37      36,485     39,796
  San Antonio TX Electric & Gas Systems Electric Power & Light Revenue 5.000%   2/1/25       1,750      1,750
  San Antonio TX Electric & Gas Systems Electric Power & Light Revenue 5.000%   2/1/27      11,870     12,359
  San Antonio TX Electric & Gas Systems Electric Power & Light Revenue 4.000%   2/1/28       7,860      7,964
  San Antonio TX Electric & Gas Systems Electric Power & Light Revenue 5.000%   2/1/28      14,645     15,505
  San Antonio TX Electric & Gas Systems Electric Power & Light Revenue 3.000%   2/1/29       4,615      4,579
  San Antonio TX Electric & Gas Systems Electric Power & Light Revenue 4.000%   2/1/29       5,695      5,924
  San Antonio TX Electric & Gas Systems Electric Power & Light Revenue 3.000%   2/1/30       5,175      5,090
  San Antonio TX Electric & Gas Systems Electric Power & Light Revenue 5.000%   2/1/30      11,605     11,901
  San Antonio TX Electric & Gas Systems Electric Power & Light Revenue 5.000%   2/1/30       1,620      1,765
  San Antonio TX Electric & Gas Systems Electric Power & Light Revenue 3.000%   2/1/31       1,120      1,094
  San Antonio TX Electric & Gas Systems Electric Power & Light Revenue 3.000%   2/1/31      32,480     31,250
  San Antonio TX Electric & Gas Systems Electric Power & Light Revenue 5.000%   2/1/31       2,165      2,391
  San Antonio TX Electric & Gas Systems Electric Power & Light Revenue 4.000%   2/1/32       4,000      4,177
  San Antonio TX Electric & Gas Systems Electric Power & Light Revenue 5.000%   2/1/32       4,460      4,567
  San Antonio TX Electric & Gas Systems Electric Power & Light Revenue 5.000%   2/1/32       4,185      4,671
  San Antonio TX Electric & Gas Systems Electric Power & Light Revenue 4.000%   2/1/33       5,000      5,045
  San Antonio TX Electric & Gas Systems Electric Power & Light Revenue 4.000%   2/1/34      10,500     10,578
  San Antonio TX Electric & Gas Systems Electric Power & Light Revenue 5.000%   2/1/34      16,005     17,239
  San Antonio TX Electric & Gas Systems Electric Power & Light Revenue 5.000%   2/1/34       5,850      6,020
  San Antonio TX Electric & Gas Systems Electric Power & Light Revenue 5.000%   2/1/35      18,405     19,744
  San Antonio TX Electric & Gas Systems Electric Power & Light Revenue 5.000%   2/1/35       1,265      1,444
  San Antonio TX Electric & Gas Systems Electric Power & Light Revenue 5.000%   2/1/36       4,000      4,107
  San Antonio TX Electric & Gas Systems Electric Power & Light Revenue 5.000%   2/1/36       1,760      1,878
  San Antonio TX Electric & Gas Systems Electric Power & Light Revenue 5.000%   2/1/37      15,845     16,847
  San Antonio TX Electric & Gas Systems Electric Power & Light Revenue 5.000%   2/1/37       2,720      2,789
  San Antonio TX Electric & Gas Systems Electric Power & Light Revenue 4.000%   2/1/39       4,250      4,269
  San Antonio TX Electric & Gas Systems Electric Power & Light Revenue 5.000%   2/1/39       7,000      7,799
  San Antonio TX Electric & Gas Systems Electric Power & Light Revenue 5.000%   2/1/39       5,000      5,567
  San Antonio TX Electric & Gas Systems Electric Power & Light Revenue 5.000%   2/1/40       2,470      2,619
  San Antonio TX Electric & Gas Systems Electric Power & Light Revenue 5.000%   2/1/40       3,500      3,861
  San Antonio TX Electric & Gas Systems Electric Power & Light Revenue 5.000%   2/1/40       3,500      3,861
  San Antonio TX Electric & Gas Systems Electric Power & Light Revenue 5.000%   2/1/40       1,750      1,930
  San Antonio TX Electric & Gas Systems Electric Power & Light Revenue 5.000%   2/1/40       6,730      7,448
  San Antonio TX Electric & Gas Systems Electric Power & Light Revenue 5.000%   2/1/40       3,910      4,331
  San Antonio TX Electric & Gas Systems Electric Power & Light Revenue 4.000%   2/1/41       5,000      4,912
  San Antonio TX Electric & Gas Systems Electric Power & Light Revenue 5.000%   2/1/41       3,000      3,290
  San Antonio TX Electric & Gas Systems Electric Power & Light Revenue 5.000%   2/1/41       1,750      1,919
  San Antonio TX Electric & Gas Systems Electric Power & Light Revenue 5.000%   2/1/41       6,000      6,604
  San Antonio TX Electric & Gas Systems Electric Power & Light Revenue 5.000%   2/1/41       1,705      1,875
  San Antonio TX Electric & Gas Systems Electric Power & Light Revenue 5.000%   2/1/42       5,000      5,454
  San Antonio TX Electric & Gas Systems Electric Power & Light Revenue 5.000%   2/1/42       3,000      3,270
  San Antonio TX Electric & Gas Systems Electric Power & Light Revenue 5.000%   2/1/42      14,120     15,458
  San Antonio TX Electric & Gas Systems Electric Power & Light Revenue 5.000%   2/1/42       4,000      4,379
  San Antonio TX Electric & Gas Systems Electric Power & Light Revenue 4.000%   2/1/43       2,695      2,594
  San Antonio TX Electric & Gas Systems Electric Power & Light Revenue 4.000%   2/1/43      10,000      9,736
  San Antonio TX Electric & Gas Systems Electric Power & Light Revenue 5.000%   2/1/43       7,500      8,131
  San Antonio TX Electric & Gas Systems Electric Power & Light Revenue 5.000%   2/1/43       3,000      3,252
  San Antonio TX Electric & Gas Systems Electric Power & Light Revenue 5.000%   2/1/43      15,310     16,653
  San Antonio TX Electric & Gas Systems Electric Power & Light Revenue 5.000%   2/1/43       4,000      4,351
  San Antonio TX Electric & Gas Systems Electric Power & Light Revenue 5.250%   2/1/43       6,230      6,892
  San Antonio TX Electric & Gas Systems Electric Power & Light Revenue 5.000%   2/1/44       6,730      7,246
  San Antonio TX Electric & Gas Systems Electric Power & Light Revenue 5.000%   2/1/44       2,720      2,929
  San Antonio TX Electric & Gas Systems Electric Power & Light Revenue 5.000%   2/1/44       9,000      9,720
  San Antonio TX Electric & Gas Systems Electric Power & Light Revenue 5.000%   2/1/44       3,000      3,240
  San Antonio TX Electric & Gas Systems Electric Power & Light Revenue 5.250%   2/1/44       4,000      4,402
  San Antonio TX Electric & Gas Systems Electric Power & Light Revenue 5.000%   2/1/46       7,000      7,282
  San Antonio TX Electric & Gas Systems Electric Power & Light Revenue PUT 1.750%  12/1/25       6,080      5,985
  San Antonio TX Electric & Gas Systems Electric Power & Light Revenue PUT 1.125%  12/1/26       5,700      5,446
  San Antonio TX Electric & Gas Systems Electric Power & Light Revenue PUT 3.650%  12/1/26      10,240     10,273
  San Antonio TX Electric & Gas Systems Electric Power & Light Revenue PUT 2.000%  12/1/27       9,015      8,511
  San Antonio TX GO 5.000%   2/1/25      10,000     10,000
  San Antonio TX GO 5.000%   2/1/32       1,500      1,689
  San Antonio TX GO 5.000%   2/1/32       1,750      1,971
  San Antonio TX GO 5.000%   2/1/33       1,500      1,707
  San Antonio TX GO 5.000%   2/1/33       2,500      2,845
  San Antonio TX GO 4.000%   8/1/35       9,170      9,308
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  San Antonio TX GO 4.000%   8/1/35       2,355      2,426
  San Antonio TX GO 3.000%   8/1/38       2,625      2,304
  San Antonio TX GO 5.000%   2/1/39       2,125      2,354
  San Antonio TX GO 3.000%   8/1/39       2,705      2,329
  San Antonio TX GO 5.000%   2/1/40       2,250      2,473
  San Antonio TX GO 5.000%   2/1/41       3,000      3,272
  San Antonio TX GO 5.000%   2/1/42       5,000      5,418
  San Antonio TX GO 5.000%   2/1/43       7,075      7,643
  San Antonio TX GO 5.000%   2/1/44       6,710      7,233
4 San Antonio TX Housing Trust Public Facility Corp. Multifamily Housing Revenue TOB VRDO 2.200%   2/3/25      18,000     18,000
20 San Antonio TX Independent School District GO 5.000%  8/15/28       1,720      1,738
20 San Antonio TX Independent School District GO 5.000%  8/15/31       1,000      1,028
20 San Antonio TX Independent School District GO 5.000%  8/15/35       3,000      3,023
20 San Antonio TX Independent School District GO 5.000%  8/15/36       3,000      3,022
20 San Antonio TX Independent School District GO 3.000%  8/15/38       1,170      1,049
20 San Antonio TX Independent School District GO 5.000%  8/15/38       2,820      2,840
  San Antonio Water System Water Revenue 5.000%  5/15/32       1,115      1,158
  San Antonio Water System Water Revenue 5.000%  5/15/32       1,395      1,424
  San Antonio Water System Water Revenue 5.000%  5/15/33       6,230      6,400
  San Antonio Water System Water Revenue 5.000%  5/15/33       1,750      1,993
  San Antonio Water System Water Revenue 5.000%  5/15/34      12,930     13,271
  San Antonio Water System Water Revenue 5.000%  5/15/34       1,750      2,011
  San Antonio Water System Water Revenue 5.000%  5/15/35       6,500      6,665
  San Antonio Water System Water Revenue 5.000%  5/15/35       2,670      2,809
  San Antonio Water System Water Revenue 5.000%  5/15/35       2,185      2,515
  San Antonio Water System Water Revenue 5.000%  5/15/36       4,370      4,588
  San Antonio Water System Water Revenue 5.000%  5/15/36       1,750      2,004
  San Antonio Water System Water Revenue 5.000%  5/15/37       5,085      5,341
  San Antonio Water System Water Revenue 5.000%  5/15/37       9,460     10,761
  San Antonio Water System Water Revenue 4.000%  5/15/38       3,500      3,530
  San Antonio Water System Water Revenue 5.000%  5/15/38       5,500      5,740
  San Antonio Water System Water Revenue 5.000%  5/15/38       1,125      1,200
  San Antonio Water System Water Revenue 4.000%  5/15/40       6,715      6,689
  San Antonio Water System Water Revenue 4.000%  5/15/40       2,435      2,428
  San Antonio Water System Water Revenue 4.000%  5/15/42       8,750      8,557
  San Antonio Water System Water Revenue 5.000%  5/15/43       9,725     10,044
  San Antonio Water System Water Revenue 5.000%  5/15/44       3,800      4,131
  San Antonio Water System Water Revenue 5.000%  5/15/45       5,750      6,231
  San Antonio Water System Water Revenue PUT 1.000%  11/1/26       8,335      7,970
20 San Augustine Independent School District GO 5.000%  2/15/26       1,360      1,391
  San Jacinto Community College District GO 4.000%  2/15/34       1,000      1,034
  San Jacinto Community College District GO 4.000%  2/15/35         750        772
  San Jacinto Community College District GO 4.000%  2/15/36         700        716
20 San Marcos Consolidated Independent School District GO 5.000%  8/15/41       5,445      5,930
20 San Marcos Consolidated Independent School District GO 5.000%  8/15/43       7,725      8,343
  San Marcos TX GO 4.000%  8/15/36       1,280      1,299
20 Sanger Independent School District GO 4.000%  8/15/38       1,470      1,497
20 Sanger Independent School District GO 4.000%  8/15/39       1,630      1,651
20 Sanger Independent School District GO 4.000%  8/15/40       3,595      3,622
20 Sanger Independent School District GO 4.000%  8/15/41       4,820      4,836
20 Sanger Independent School District GO 4.000%  8/15/42       3,525      3,522
  Sherman TX GO 5.000%  8/15/48       3,395      3,626
20 Sherman TX Independent School District GO 5.000%  2/15/39       1,000      1,040
20 Sherman TX Independent School District GO 5.000%  2/15/40       4,000      4,404
20 Sherman TX Independent School District GO 5.000%  2/15/41       5,215      5,704
20 Sherman TX Independent School District GO 5.000%  2/15/43       5,245      5,672
20 Smith County Chapel Hill Independent School District GO 5.000%  2/15/37         400        447
20 Smith County Chapel Hill Independent School District GO 5.000%  2/15/38         515        572
20 Smith County Chapel Hill Independent School District GO 5.000%  2/15/39         700        771
20 Smith County Chapel Hill Independent School District GO 5.000%  2/15/40       2,750      3,011
20 Smith County Chapel Hill Independent School District GO 5.000%  2/15/41         865        942
20 Smith County Chapel Hill Independent School District GO 5.000%  2/15/42       1,000      1,085
20 Smith County Chapel Hill Independent School District GO 5.000%  2/15/43       1,235      1,334
  Smith County TX GO 4.000%  8/15/37       5,460      5,565
  Smith County TX GO 5.000%  8/15/43       7,000      7,416
20 Socorro Independent School District GO 5.000%  8/15/29       4,005      4,192
20 Socorro Independent School District GO 4.000%  8/15/31       9,000      9,153
20 Socorro Independent School District GO 5.000%  8/15/34       4,605      4,883
20 Socorro Independent School District GO 5.000%  8/15/35       4,435      4,691
20 Socorro Independent School District GO 5.000%  8/15/36       4,305      4,543
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
20 Socorro Independent School District GO 5.000%  8/15/39       9,585     10,045
  Southwest Higher Education Authority Inc. College & University Revenue (Southern Methodist University Project) 5.000%  10/1/26       2,520      2,608
  Southwest Higher Education Authority Inc. College & University Revenue (Southern Methodist University Project) 5.000%  10/1/26         700        724
  Southwest Higher Education Authority Inc. College & University Revenue (Southern Methodist University Project) 5.000%  10/1/28       2,725      2,818
  Southwest Higher Education Authority Inc. College & University Revenue (Southern Methodist University Project) 5.000%  10/1/28         745        783
  Southwest Higher Education Authority Inc. College & University Revenue (Southern Methodist University Project) 5.000%  10/1/29       1,615      1,691
  Southwest Higher Education Authority Inc. College & University Revenue (Southern Methodist University Project) 5.000%  10/1/32       1,375      1,557
  Southwest Higher Education Authority Inc. College & University Revenue (Southern Methodist University Project) 5.000%  10/1/34       1,825      2,078
  Southwest Higher Education Authority Inc. College & University Revenue (Southern Methodist University Project) 4.000%  10/1/35       2,200      2,218
  Southwest Higher Education Authority Inc. College & University Revenue (Southern Methodist University Project) 4.000%  10/1/36       2,710      2,723
  Southwest Higher Education Authority Inc. College & University Revenue (Southern Methodist University Project) 5.000%  10/1/37       1,000      1,122
3 Southwest Houston Redevelopment Authority Intergovernmental Agreement Revenue 5.000%   9/1/28         560        597
3 Southwest Houston Redevelopment Authority Intergovernmental Agreement Revenue 5.000%   9/1/29         200        216
3 Southwest Houston Redevelopment Authority Intergovernmental Agreement Revenue 5.000%   9/1/30         500        546
3 Southwest Houston Redevelopment Authority Intergovernmental Agreement Revenue 4.000%   9/1/31         425        439
3 Southwest Houston Redevelopment Authority Intergovernmental Agreement Revenue 4.000%   9/1/33         450        460
3 Southwest Houston Redevelopment Authority Intergovernmental Agreement Revenue 4.000%   9/1/34         225        229
3 Southwest Houston Redevelopment Authority Intergovernmental Agreement Revenue 4.000%   9/1/35         225        228
3 Southwest Houston Redevelopment Authority Intergovernmental Agreement Revenue 4.000%   9/1/36         350        355
20 Southwest Independent School District GO 5.000%   2/1/35       1,000      1,108
20 Southwest Independent School District GO 5.000%   2/1/36         600        663
20 Southwest Independent School District GO 3.000%   2/1/37       3,000      2,715
20 Southwest Independent School District GO 5.000%   2/1/37       1,035      1,138
20 Southwest Independent School District GO 3.000%   2/1/38       4,000      3,558
20 Southwest Independent School District GO 5.000%   2/1/38         875        958
20 Southwest Independent School District GO 3.000%   2/1/39       3,000      2,621
20 Southwest Independent School District GO 5.000%   2/1/39       1,615      1,758
20 Southwest Independent School District GO 5.000%   2/1/40       2,000      2,168
20 Southwest Independent School District GO 5.000%   2/1/41       2,250      2,427
20 Southwest Independent School District GO 4.000%   2/1/43       1,400      1,389
20 Spring Branch Independent School District GO 5.000%   2/1/28       4,310      4,585
20 Spring Branch Independent School District GO 4.000%   2/1/40       4,845      4,891
20 Spring Branch Independent School District GO 4.000%   2/1/42       3,565      3,561
20 Spring Branch Independent School District GO 4.000%   2/1/44       4,015      3,916
20 Spring Branch Independent School District GO 4.000%   2/1/45       6,160      5,963
  Spring Independent School District GO 5.000%  8/15/28       2,315      2,380
20 Spring Independent School District GO 5.000%  8/15/29       4,315      4,359
20 Spring Independent School District GO 5.000%  8/15/33       8,565      8,801
20 Spring Independent School District GO 5.000%  8/15/34       8,995      9,237
20 Spring Independent School District GO 5.000%  8/15/35       6,000      6,157
20 Spring Independent School District GO 5.000%  8/15/36       6,915      7,091
20 Spring Independent School District GO 5.000%  8/15/37       5,000      5,124
  Spring Independent School District GO 4.000%  8/15/39      10,500     10,534
  Spring Independent School District GO 4.000%  8/15/40       5,920      5,905
  Stephen F Austin State University College & University Revenue 5.000% 10/15/25         620        629
  Stephen F Austin State University College & University Revenue 5.000% 10/15/26       2,265      2,346
  Stephen F Austin State University College & University Revenue 5.000% 10/15/29       1,010      1,044
  Stephen F Austin State University College & University Revenue 5.000% 10/15/42       5,950      6,151
  Sugar Land TX GO 4.000%  2/15/32       1,500      1,520
  Sugar Land TX GO 4.000%  2/15/34       1,000      1,010
  Sugar Land TX GO 4.000%  2/15/35       1,315      1,327
  Tarrant County College District GO 5.000%  8/15/28       1,435      1,540
  Tarrant County College District GO 5.000%  8/15/29       3,075      3,352
  Tarrant County College District GO 4.000%  8/15/41       2,000      1,994
  Tarrant County Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue 5.000%   7/1/26         855        877
  Tarrant County Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue 5.000%   7/1/27       3,420      3,571
  Tarrant County Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue 5.000%   7/1/27       1,000      1,044
  Tarrant County Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue 5.000%   7/1/28       3,870      4,104
  Tarrant County Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue 5.000%   7/1/28       1,100      1,167
  Tarrant County Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue 5.000%   7/1/29       1,945      2,092
  Tarrant County Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue 5.000%   7/1/30       2,495      2,721
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Tarrant County Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue 5.000%   7/1/31       1,685      1,856
  Tarrant County Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue 5.000%   7/1/32      30,000     33,336
  Tarrant County Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue 4.000%  12/1/35       1,000      1,009
  Tarrant County Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue 4.000%  12/1/36         800        805
  Tarrant County Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue 5.000%  10/1/40       2,000      2,138
  Tarrant County Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue 4.000%  10/1/42       7,500      7,206
  Tarrant County Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue (Air Force Villages Project) 4.000%  5/15/27       1,925      1,903
  Tarrant County Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue (Baylor Scott & White Health Project) 5.000% 11/15/28       4,195      4,298
  Tarrant County Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue (Baylor Scott & White Health Project) 5.000% 11/15/30       3,055      3,124
  Tarrant County Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue (Baylor Scott & White Health Project) 5.000% 11/15/31       1,565      1,599
  Tarrant County Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue (Baylor Scott & White Health Project) 5.000% 11/15/32       2,800      2,857
  Tarrant County Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue (Baylor Scott & White Health Project) VRDO 1.550%   2/3/25      11,525     11,525
  Tarrant County Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue PUT 5.000%  5/15/26       5,965      6,088
  Tarrant County Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue PUT 5.000% 11/15/30      10,830     11,735
  Tarrant County Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue PUT 5.000%   7/1/32      15,715     17,092
4 Tarrant County Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue TOB VRDO 2.020%   2/3/25       5,350      5,350
  Tarrant County Hospital District GO 5.000%  8/15/25         425        430
  Tarrant County Hospital District GO 5.000%  8/15/26       1,000      1,032
  Tarrant County Hospital District GO 5.250%  8/15/36       1,000      1,113
  Tarrant County Hospital District GO 5.250%  8/15/37       1,000      1,106
  Tarrant County Hospital District GO 5.250%  8/15/38       1,500      1,647
  Tarrant County Hospital District GO 5.250%  8/15/39       1,820      1,987
  Tarrant County Hospital District GO 4.000%  8/15/43       9,000      8,788
  Tarrant County Housing Finance Corp. Local or Guaranteed Housing Revenue 4.600%   3/1/43       2,500      2,530
  Tarrant County Housing Finance Corp. Local or Guaranteed Housing Revenue PUT 5.000%   9/1/27         330        343
  Tarrant County TX GO 5.000%  7/15/32         500        558
  Tarrant County TX GO 4.000%  7/15/40       5,340      5,355
  Tarrant County TX GO 4.000%  7/15/41       2,055      2,048
  Tarrant County TX GO 4.000%  7/15/42       6,110      6,032
  Tarrant Regional Water District Water Supply System Water Revenue 5.000%   3/1/33      18,745     21,306
  Tarrant Regional Water District Water Supply System Water Revenue 5.000%   3/1/34       4,400      5,043
20 Taylor County Wylie Independent School District GO 5.000%  2/15/38       1,000      1,110
20 Taylor County Wylie Independent School District GO 5.000%  2/15/39       1,430      1,580
20 Taylor County Wylie Independent School District GO 5.000%  2/15/40       5,750      6,311
20 Taylor County Wylie Independent School District GO 5.000%  2/15/41       3,000      3,271
20 Taylor County Wylie Independent School District GO 5.000%  2/15/42       3,315      3,593
20 Taylor County Wylie Independent School District GO 5.000%  2/15/43       1,000      1,077
20 Taylor County Wylie Independent School District GO 5.000%  2/15/44       2,145      2,294
  Taylor TX GO 4.000%  8/15/44       1,775      1,690
20 Taylor TX Independent School District GO 4.000%  2/15/40       1,550      1,563
  Temple TX GO 4.000%   8/1/40       1,865      1,851
  Temple TX GO 4.000%   8/1/41       4,435      4,363
  Temple TX GO 4.000%   8/1/41       1,905      1,874
  Temple TX GO 4.000%   8/1/42       1,575      1,539
  Temple TX GO 4.000%   8/1/43       5,425      5,252
20 Temple TX Independent School District GO 4.000%   2/1/40       1,500      1,507
20 Temple TX Independent School District GO 4.000%   2/1/41       2,635      2,636
  Texas A&M University College & University Revenue 3.000%  5/15/38       1,655      1,482
20 Texas City TX Independent School District GO 4.000%  8/15/33       1,420      1,446
20 Texas City TX Independent School District GO 4.000%  8/15/40       1,250      1,256
20 Texas City TX Independent School District GO 4.000%  8/15/41       1,610      1,602
  Texas Department of Housing & Community Affairs Local or Guaranteed Housing Revenue 4.400%   7/1/37       1,465      1,500
  Texas Department of Housing & Community Affairs Local or Guaranteed Housing Revenue 4.650%   9/1/42       3,085      3,128
  Texas Department of Housing & Community Affairs Local or Guaranteed Housing Revenue 3.000%   3/1/52       9,480      9,248
  Texas Department of Housing & Community Affairs Local or Guaranteed Housing Revenue 3.500%   7/1/52       7,525      7,439
  Texas Department of Housing & Community Affairs Local or Guaranteed Housing Revenue 5.500%   9/1/52       8,535      9,039
  Texas Department of Housing & Community Affairs Local or Guaranteed Housing Revenue 5.750%   1/1/53       6,425      6,904
  Texas Department of Housing & Community Affairs Local or Guaranteed Housing Revenue 5.500%   7/1/53      21,050     22,500
  Texas Department of Transportation State Highway Fund Fuel Sales Tax Revenue 5.000%  10/1/27       3,000      3,107
  Texas GO 5.000%   4/1/28       1,000      1,025
  Texas GO 5.000%  10/1/30      28,615     29,985
  Texas GO 5.000%  10/1/31       7,955      8,320
  Texas GO 5.000%  10/1/31       9,730     10,935
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Texas GO 5.000%   4/1/32      15,000     15,328
  Texas GO 5.000%  10/1/32      12,225     12,758
  Texas GO 5.000%  10/1/32      15,890     18,045
  Texas GO 5.000%   4/1/33       5,000      5,106
  Texas GO 4.000%  10/1/33       3,500      3,550
  Texas GO 5.000%  10/1/33       7,560      7,874
  Texas GO 5.000%   4/1/34       4,010      4,093
  Texas GO 5.000%  10/1/34      11,795     12,257
  Texas GO 5.000%   8/1/35       1,000      1,108
  Texas GO 5.000%   4/1/36      13,000     13,251
  Texas GO 5.000%   4/1/36      19,300     19,673
  Texas GO 5.000%   8/1/36       1,585      1,750
  Texas GO 5.000%  10/1/36      22,720     22,944
  Texas GO 5.000%  10/1/36      20,000     20,696
  Texas GO 5.000%   4/1/37       8,000      8,149
  Texas GO 5.000%   8/1/37       1,000      1,098
  Texas GO 5.000%   4/1/38       4,300      4,377
  Texas GO 5.000%   4/1/39      10,450     10,630
  Texas GO 5.000%  10/1/39       6,750      7,552
  Texas GO 5.000%   8/1/41       1,000      1,090
  Texas GO 5.000%   8/1/42       1,025      1,113
  Texas GO 5.000%  10/1/42       5,460      6,004
  Texas GO 5.000%   8/1/43       1,105      1,195
  Texas GO 5.000%  10/1/44       5,250      5,724
  Texas Municipal Gas Acquisition & Supply Corp. I Natural Gas Revenue 6.250% 12/15/26       9,670      9,993
  Texas Municipal Gas Acquisition & Supply Corp. III Natural Gas Revenue 5.000% 12/15/25       1,000      1,011
  Texas Municipal Gas Acquisition & Supply Corp. III Natural Gas Revenue 5.000% 12/15/26       2,295      2,348
  Texas Municipal Gas Acquisition & Supply Corp. III Natural Gas Revenue 5.000% 12/15/27       5,920      6,124
  Texas Municipal Gas Acquisition & Supply Corp. III Natural Gas Revenue 5.000% 12/15/28      25,175     26,250
  Texas Municipal Gas Acquisition & Supply Corp. III Natural Gas Revenue 5.000% 12/15/29      40,880     42,886
  Texas Municipal Gas Acquisition & Supply Corp. III Natural Gas Revenue 5.000% 12/15/30      15,215     16,040
  Texas Municipal Gas Acquisition & Supply Corp. III Natural Gas Revenue 5.000% 12/15/31       3,000      3,177
  Texas Municipal Gas Acquisition & Supply Corp. III Natural Gas Revenue 5.000% 12/15/32      33,630     35,729
  Texas Municipal Gas Acquisition & Supply Corp. IV Natural Gas Revenue 5.500%   1/1/33       4,470      4,989
  Texas Municipal Gas Acquisition & Supply Corp. IV Natural Gas Revenue PUT 5.500%   1/1/30     159,220    169,093
  Texas Municipal Gas Acquisition & Supply Corp. IV Natural Gas Revenue PUT 5.500%   1/1/34      71,410     78,282
  Texas Municipal Gas Acquisition & Supply Corp. V Natural Gas Revenue PUT 5.000%   1/1/34      92,195     97,912
3 Texas Municipal Power Agency Electric Power & Light Revenue 3.000%   9/1/29       1,500      1,474
3 Texas Municipal Power Agency Electric Power & Light Revenue 3.000%   9/1/30       1,215      1,186
3 Texas Municipal Power Agency Electric Power & Light Revenue 3.000%   9/1/36       1,000        899
  Texas Private Activity Bond Surface Transportation Corp. Highway Revenue 4.000% 12/31/30       6,705      6,883
  Texas Private Activity Bond Surface Transportation Corp. Highway Revenue 4.000%  6/30/31      11,050     11,299
  Texas Private Activity Bond Surface Transportation Corp. Highway Revenue 4.000% 12/31/31       8,925      9,112
  Texas Private Activity Bond Surface Transportation Corp. Highway Revenue 4.000%  6/30/32       7,055      7,188
  Texas Private Activity Bond Surface Transportation Corp. Highway Revenue 4.000% 12/31/32       6,500      6,613
  Texas Private Activity Bond Surface Transportation Corp. Highway Revenue 4.000%  6/30/33      10,580     10,739
  Texas Private Activity Bond Surface Transportation Corp. Highway Revenue 4.000% 12/31/33      12,000     12,165
  Texas Private Activity Bond Surface Transportation Corp. Highway Revenue 4.000%  6/30/34      15,000     15,177
  Texas Private Activity Bond Surface Transportation Corp. Highway Revenue 4.000% 12/31/34       9,550      9,650
  Texas Private Activity Bond Surface Transportation Corp. Highway Revenue 4.000%  6/30/35      10,175     10,266
  Texas Private Activity Bond Surface Transportation Corp. Highway Revenue 4.000% 12/31/35       7,660      7,717
  Texas Private Activity Bond Surface Transportation Corp. Highway Revenue 4.000%  6/30/36      10,680     10,733
  Texas Private Activity Bond Surface Transportation Corp. Highway Revenue 4.000% 12/31/36       8,385      8,420
  Texas Private Activity Bond Surface Transportation Corp. Highway Revenue 4.000%  6/30/37       7,075      7,086
  Texas Private Activity Bond Surface Transportation Corp. Highway Revenue 4.000% 12/31/37       4,875      4,868
  Texas Private Activity Bond Surface Transportation Corp. Highway Revenue 4.000%  6/30/38       7,250      7,221
  Texas Private Activity Bond Surface Transportation Corp. Highway Revenue 4.000% 12/31/38       6,020      5,980
  Texas Private Activity Bond Surface Transportation Corp. Highway Revenue 4.000%  6/30/39      11,240     11,108
  Texas Private Activity Bond Surface Transportation Corp. Highway Revenue 4.000% 12/31/39      10,760     10,598
  Texas Private Activity Bond Surface Transportation Corp. Highway Revenue 4.000%  6/30/40       5,875      5,761
  Texas Private Activity Bond Surface Transportation Corp. Highway Revenue (North Tarrant Express Managed Lanes Project) 5.000% 12/31/30       2,000      2,144
  Texas Private Activity Bond Surface Transportation Corp. Highway Revenue (North Tarrant Express Managed Lanes Project) 5.000% 12/31/31       2,855      3,053
  Texas Private Activity Bond Surface Transportation Corp. Highway Revenue (North Tarrant Express Managed Lanes Project) 5.000% 12/31/34       4,225      4,477
  Texas Private Activity Bond Surface Transportation Corp. Highway Revenue (North Tarrant Express Managed Lanes Project) 5.000% 12/31/35       2,500      2,642
  Texas Private Activity Bond Surface Transportation Corp. Highway Revenue (North Tarrant Express Managed Lanes Project) 5.000% 12/31/36       3,175      3,347
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Texas Private Activity Bond Surface Transportation Corp. Highway Revenue (North Tarrant Express Managed Lanes Project) 4.000% 12/31/37       5,000      5,001
  Texas Private Activity Bond Surface Transportation Corp. Highway Revenue (North Tarrant Express Managed Lanes Project) 4.000% 12/31/38       3,555      3,539
  Texas Private Activity Bond Surface Transportation Corp. Highway Revenue (North Tarrant Express Managed Lanes Project) 4.000% 12/31/39      14,160     13,978
  Texas Public Finance Authority College & University Revenue 5.000%   5/1/30       1,900      1,996
1 Texas Public Finance Authority College & University Revenue 5.250%   5/1/36         750        822
1 Texas Public Finance Authority College & University Revenue 5.250%   5/1/39         600        647
1 Texas Public Finance Authority College & University Revenue 5.250%   5/1/40         600        644
1 Texas Public Finance Authority College & University Revenue 5.250%   5/1/41         500        534
  Texas Public Finance Authority Lease (Appropriation) Revenue 5.000%   2/1/40       6,050      6,550
  Texas Public Finance Authority Lease (Appropriation) Revenue 5.000%   2/1/41       6,050      6,516
  Texas Public Finance Authority Lease Revenue 5.000%   2/1/27       2,350      2,447
  Texas State University System College & University Revenue 5.000%  3/15/30       2,855      2,967
  Texas State University System College & University Revenue 5.000%  3/15/33       1,515      1,566
  Texas State University System College & University Revenue 4.000%  3/15/34       3,510      3,582
  Texas State University System College & University Revenue 5.000%  3/15/34       2,370      2,447
  Texas State University System College & University Revenue 4.000%  3/15/35       2,000      2,036
  Texas State University System College & University Revenue 5.000%  3/15/35       1,710      1,763
  Texas State University System College & University Revenue 5.000%  3/15/36       1,500      1,544
  Texas State University System College & University Revenue 3.000%  3/15/37       2,955      2,765
  Texas State University System College & University Revenue 3.000%  3/15/39       7,685      6,945
  Texas State University System College & University Revenue 5.000%  3/15/39      13,070     14,475
  Texas State University System College & University Revenue 5.000%  3/15/40       3,000      3,302
  Texas State University System College & University Revenue 5.000%  3/15/41       3,500      3,829
  Texas State University System College & University Revenue 5.000%  3/15/42       3,500      3,807
  Texas State University System College & University Revenue 5.000%  3/15/43       7,500      8,122
  Texas State University System College & University Revenue 5.000%  3/15/44       4,000      4,312
  Texas Tech University System College & University Revenue 5.000%  2/15/36       7,000      7,817
  Texas Tech University System College & University Revenue 5.000%  2/15/39       1,375      1,509
  Texas Tech University System College & University Revenue 5.000%  2/15/40       4,460      4,868
  Texas Transportation Commission GO 5.000%   4/1/29       8,570      9,305
  Texas Transportation Commission GO 5.000%   4/1/30      30,000     33,072
  Texas Transportation Commission GO 5.000%   4/1/40       6,870      7,605
  Texas Transportation Commission GO 5.000%   4/1/41       8,100      8,917
  Texas Transportation Commission GO 5.000%   4/1/42       9,640     10,576
  Texas Transportation Commission GO PUT 0.650%   4/1/26      32,910     31,631
  Texas Transportation Commission State Highway 249 System Highway Revenue 0.000%   8/1/40         420        204
  Texas Water Development Board Water Revenue 5.000%  4/15/26       1,130      1,160
  Texas Water Development Board Water Revenue 5.000% 10/15/26      10,000     10,372
  Texas Water Development Board Water Revenue 5.000%  4/15/28       7,725      8,116
  Texas Water Development Board Water Revenue 5.000%   8/1/28       4,115      4,308
  Texas Water Development Board Water Revenue 5.000%  4/15/29       6,750      7,086
  Texas Water Development Board Water Revenue 5.000%  4/15/31       1,505      1,682
  Texas Water Development Board Water Revenue 5.000% 10/15/31       2,675      3,008
  Texas Water Development Board Water Revenue 5.000%  4/15/32       4,250      4,797
  Texas Water Development Board Water Revenue 5.000% 10/15/32       4,625      5,247
  Texas Water Development Board Water Revenue 5.000%  4/15/33       7,185      8,176
  Texas Water Development Board Water Revenue 4.000% 10/15/33       5,130      5,213
  Texas Water Development Board Water Revenue 4.000% 10/15/33      10,000     10,076
  Texas Water Development Board Water Revenue 5.000% 10/15/33       9,805     11,209
  Texas Water Development Board Water Revenue 5.000%  4/15/34       3,990      4,581
  Texas Water Development Board Water Revenue 5.000%   8/1/34       3,440      3,580
  Texas Water Development Board Water Revenue 3.000% 10/15/34       4,580      4,339
  Texas Water Development Board Water Revenue 4.000% 10/15/34       5,910      5,980
  Texas Water Development Board Water Revenue 4.000% 10/15/34      16,495     16,757
  Texas Water Development Board Water Revenue 5.000% 10/15/34       5,000      5,149
  Texas Water Development Board Water Revenue 5.000% 10/15/34       7,500      8,646
  Texas Water Development Board Water Revenue 5.000%  4/15/35       5,000      5,752
  Texas Water Development Board Water Revenue 3.000% 10/15/35       6,995      6,564
  Texas Water Development Board Water Revenue 4.000% 10/15/35       6,040      6,097
  Texas Water Development Board Water Revenue 4.000% 10/15/35      35,525     35,980
  Texas Water Development Board Water Revenue 5.000% 10/15/35       5,455      6,261
  Texas Water Development Board Water Revenue 4.000%   8/1/36       5,785      5,934
  Texas Water Development Board Water Revenue 4.000% 10/15/36       4,750      4,797
  Texas Water Development Board Water Revenue 4.000% 10/15/36       6,130      6,287
  Texas Water Development Board Water Revenue 5.000%   8/1/37       2,000      2,073
  Texas Water Development Board Water Revenue 3.000% 10/15/37       5,000      4,572
  Texas Water Development Board Water Revenue 4.000% 10/15/37       2,000      2,012
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Texas Water Development Board Water Revenue 4.500% 10/15/37       4,000      4,239
  Texas Water Development Board Water Revenue 4.000%  4/15/38       1,245      1,266
  Texas Water Development Board Water Revenue 5.000%   8/1/38       5,860      6,492
  Texas Water Development Board Water Revenue 4.550% 10/15/38       6,840      7,234
  Texas Water Development Board Water Revenue 5.000% 10/15/38       6,405      6,738
  Texas Water Development Board Water Revenue 5.000% 10/15/38      15,000     17,011
  Texas Water Development Board Water Revenue 3.000% 10/15/39       5,000      4,438
  Texas Water Development Board Water Revenue 3.000% 10/15/39       1,340      1,189
  Texas Water Development Board Water Revenue 4.600% 10/15/39      20,900     22,071
  Texas Water Development Board Water Revenue 5.000% 10/15/39       8,340      9,390
  Texas Water Development Board Water Revenue 3.000% 10/15/40       2,480      2,165
  Texas Water Development Board Water Revenue 4.650% 10/15/40      18,890     19,975
  Texas Water Development Board Water Revenue 5.000% 10/15/40       1,000      1,123
  Texas Water Development Board Water Revenue 4.700% 10/15/41       5,345      5,634
  Texas Water Development Board Water Revenue 4.700% 10/15/41      20,400     21,634
  Texas Water Development Board Water Revenue 4.750% 10/15/42      10,870     11,440
  Texas Water Development Board Water Revenue 5.000% 10/15/43       5,000      5,180
20 Tomball Independent School District GO 4.000%  2/15/28       1,000      1,006
20 Tomball Independent School District GO 5.000%  2/15/34       1,500      1,579
20 Tomball Independent School District GO 5.000%  2/15/36       1,000      1,046
20 Tomball Independent School District GO 3.950%  2/15/39       3,625      3,598
20 Tomball Independent School District GO 3.875%  2/15/43       4,190      4,105
  Travis County Housing Finance Corp. Local or Guaranteed Housing Revenue PUT 3.400%   7/1/28       9,300      9,327
  Travis County TX GO 5.000%   3/1/27       2,510      2,567
  Travis County TX GO 5.000%   3/1/28       6,180      6,318
  Travis County TX GO 5.000%   3/1/37       8,930      9,447
  Travis County TX GO 5.000%   3/1/39       6,000      6,298
  Travis County TX GO 4.000%   3/1/41       5,000      4,983
  Travis County TX GO 4.000%   3/1/41       3,060      3,049
  Travis County TX GO 4.000%   3/1/41       1,885      1,878
  Travis County TX GO 4.000%   3/1/42       4,285      4,234
  Trinity River Authority Central Regional Wastewater System Sewer Revenue 5.000%   8/1/27       6,940      7,152
  Trinity River Authority Central Regional Wastewater System Sewer Revenue 5.000%   8/1/33       4,085      4,328
  Trinity River Authority Central Regional Wastewater System Sewer Revenue 5.000%   8/1/34       3,525      3,729
  Trinity River Authority Central Regional Wastewater System Sewer Revenue 5.000%   8/1/35       4,500      4,752
  Trinity River Authority Central Regional Wastewater System Sewer Revenue 5.000%   8/1/36       3,950      4,164
  Trinity River Authority Central Regional Wastewater System Sewer Revenue 5.000%   8/1/37       4,000      4,207
  Trinity River Authority Central Regional Wastewater System Sewer Revenue 5.000%   8/1/41       1,945      2,143
  Trinity River Authority Denton Creek Wastewater Treatment System Sewer Revenue 5.000%   2/1/29       1,000      1,075
  Trinity River Authority Denton Creek Wastewater Treatment System Sewer Revenue 5.000%   2/1/30       1,000      1,091
  Trinity River Authority Red Oak Creek System Sewer Revenue 4.000%   2/1/29       1,800      1,856
  Trinity River Authority Water Revenue (Tarrant County Water Project) 5.000%   2/1/36         700        779
  Trinity River Authority Water Revenue (Tarrant County Water Project) 5.000%   2/1/38         635        698
  Trinity River Authority Water Revenue (Tarrant County Water Project) 5.000%   2/1/39         775        844
  Trinity River Authority Water Revenue (Tarrant County Water Project) 5.000%   2/1/40         775        838
  Trinity River Authority Water Revenue (Tarrant County Water Project) 5.000%   2/1/42         675        723
  Tyler TX Water & Sewer System Water Revenue 5.000%   9/1/40       2,035      2,173
  Tyler TX Water & Sewer System Water Revenue 5.000%   9/1/41       2,135      2,270
  University of Houston College & University Revenue 4.000%  2/15/29       4,340      4,342
  University of Houston College & University Revenue 3.000%  2/15/31       9,150      9,020
  University of Houston College & University Revenue 4.000%  2/15/31       4,865      4,866
  University of Houston College & University Revenue 3.000%  2/15/32      11,375     11,073
  University of Houston College & University Revenue 4.000%  2/15/32       6,000      6,048
  University of Houston College & University Revenue 5.000%  2/15/32       1,935      2,163
  University of Houston College & University Revenue 3.000%  2/15/33      10,290      9,820
  University of Houston College & University Revenue 5.000%  2/15/33       5,000      5,084
  University of Houston College & University Revenue 3.000%  2/15/35      10,920     10,042
  University of Houston College & University Revenue 4.000%  2/15/35      15,080     15,101
  University of Houston College & University Revenue 5.000%  2/15/37      15,015     15,220
  University of North Texas System College & University Revenue 5.000%  4/15/32       3,705      3,840
  University of North Texas System College & University Revenue 5.000%  4/15/33       1,000      1,034
  University of North Texas System College & University Revenue 4.000%  4/15/34       2,400      2,435
  University of North Texas System College & University Revenue 5.000%  4/15/34       1,125      1,161
  University of North Texas System College & University Revenue 4.000%  4/15/35       2,670      2,704
  University of North Texas System College & University Revenue 5.000%  4/15/35       1,665      1,715
  University of North Texas System College & University Revenue 5.000%  4/15/36       2,000      2,085
  University of North Texas System College & University Revenue 5.000%  4/15/37       1,800      1,872
  University of North Texas System College & University Revenue 5.000%  4/15/38       2,100      2,176
  University of North Texas System College & University Revenue 5.000%  4/15/39       1,000      1,034
  Via Metropolitan Transit Advanced Transportation District Sales Tax Revenue 5.000%   8/1/33         685        778
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Via Metropolitan Transit Advanced Transportation District Sales Tax Revenue 5.000%   8/1/34         400        458
  Via Metropolitan Transit Advanced Transportation District Sales Tax Revenue 5.000%   8/1/35         590        673
  Via Metropolitan Transit Advanced Transportation District Sales Tax Revenue 5.000%   8/1/40       1,000      1,098
  Via Metropolitan Transit Advanced Transportation District Sales Tax Revenue 5.000%   8/1/41         700        764
  Via Metropolitan Transit Advanced Transportation District Sales Tax Revenue 5.000%   8/1/42       1,100      1,195
  Via Metropolitan Transit Advanced Transportation District Sales Tax Revenue 5.000%   8/1/43       1,250      1,352
  Via Metropolitan Transit Advanced Transportation District Sales Tax Revenue 5.000%   8/1/44       1,500      1,616
  Victoria TX Utility System Water Revenue 4.000%  12/1/42       2,000      1,990
  Waco Educational Finance Corp. College & University Revenue 4.000%   3/1/37       1,175      1,189
  Waco Educational Finance Corp. College & University Revenue 4.000%   3/1/39       1,250      1,249
  Waco Educational Finance Corp. College & University Revenue 4.000%   3/1/40       1,150      1,136
  Waco Educational Finance Corp. College & University Revenue 4.000%   3/1/41       1,000        984
20 Waco Independent School District GO 3.000%  8/15/40       3,500      3,030
20 Waco Independent School District GO 4.000%  8/15/43       1,000        992
  Waco TX GO 5.000%   2/1/32       1,225      1,374
  Waco TX GO 5.000%   2/1/33       1,660      1,880
  Waco TX GO 5.000%   2/1/34       1,000      1,143
  Waco TX GO 5.000%   2/1/34       1,000      1,143
  Waco TX GO 4.000%   2/1/42       8,595      8,398
  Waco TX GO 4.000%   2/1/43       8,935      8,655
1 Waller Consolidated Independent School District GO 5.000%  2/15/28       1,000      1,061
1 Waller Consolidated Independent School District GO 5.000%  2/15/29       1,250      1,346
20 Waller Consolidated Independent School District GO 5.000%  2/15/42       4,355      4,710
20 Waller Consolidated Independent School District GO 5.000%  2/15/43       6,090      6,551
20 Waxahachie Independent School District GO 5.000%  2/15/39       1,395      1,542
20 Waxahachie Independent School District GO 5.000%  2/15/40       2,900      3,176
20 Waxahachie Independent School District GO 5.000%  2/15/41       3,525      3,839
20 Waxahachie Independent School District GO 5.000%  2/15/41       1,990      2,176
20 Waxahachie Independent School District GO 5.000%  2/15/42       5,800      6,290
20 Waxahachie Independent School District GO 5.000%  2/15/42       1,250      1,361
20 Waxahachie Independent School District GO 4.000%  2/15/43       4,240      4,211
20 Waxahachie Independent School District GO 5.000%  2/15/43       1,570      1,702
20 Waxahachie Independent School District GO 5.000%  2/15/44       1,180      1,274
20 Weslaco Independent School District GO 5.000%  2/15/39         600        666
20 Weslaco Independent School District GO 5.000%  2/15/40       1,750      1,935
20 Weslaco Independent School District GO 5.000%  2/15/42       1,000      1,096
20 Weslaco Independent School District GO 5.000%  2/15/43       1,250      1,386
20 Weslaco Independent School District GO 5.000%  2/15/44       1,250      1,379
1 West Harris County Regional Water Authority Water Revenue 4.000% 12/15/37       1,455      1,458
1 West Harris County Regional Water Authority Water Revenue 4.000% 12/15/38       2,150      2,138
1 West Harris County Regional Water Authority Water Revenue 4.000% 12/15/39       1,555      1,535
1 West Harris County Regional Water Authority Water Revenue 4.000% 12/15/40       1,660      1,618
1 West Travis County Public Utility Agency Water Revenue 5.000%  8/15/26       1,140      1,176
1 West Travis County Public Utility Agency Water Revenue 5.000%  8/15/28       2,440      2,553
1 West Travis County Public Utility Agency Water Revenue 4.000%  8/15/33       1,275      1,291
1 West Travis County Public Utility Agency Water Revenue 4.000%  8/15/34       1,495      1,510
20 Whitehouse Independent School District GO 5.000%  2/15/42      13,750     14,056
20 Wichita Falls Independent School District GO 3.000%   2/1/37       3,000      2,715
  Williamson County TX GO 5.000%  2/15/27      21,055     21,993
  Williamson County TX GO 5.000%  2/15/28      10,130     10,771
  Williamson County TX GO 5.000%  2/15/30      22,000     24,118
  Williamson County TX GO 4.000%  2/15/43       3,000      2,975
20 Wylie Independent School District GO 5.000%  8/15/33       2,195      2,381
20 Wylie Independent School District GO 5.000%  8/15/34       1,700      1,825
20 Ysleta Independent School District GO 5.000%  8/15/34       1,750      1,798
20 Ysleta Independent School District GO 5.000%  8/15/35       2,080      2,135
20 Ysleta Independent School District GO 5.000%  8/15/37       2,350      2,408
                                   9,879,747
Utah (0.7%)
  Cache County School District GO 4.000%  6/15/39       4,580      4,667
  Cache County School District GO 4.000%  6/15/41       5,050      5,070
  Cache County School District GO 4.000%  6/15/42       5,250      5,250
  Cache County School District GO 4.000%  6/15/43       1,715      1,693
  Cache County School District GO 4.000%  6/15/44       1,560      1,528
  Canyons School District (Utah School Board Guaranty Program) GO 3.100%  6/15/37       2,715      2,493
  Central Utah Water Conservancy District Water Revenue 4.000%  10/1/33       2,555      2,595
  Central Utah Water Conservancy District Water Revenue 4.000%  10/1/34       4,000      4,056
  Central Utah Water Conservancy District Water Revenue 4.000%  10/1/35       3,000      3,033
  Central Utah Water Conservancy District Water Revenue 4.000%  10/1/37       2,600      2,619
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Duchesne County School District Lease (Appropriation) Revenue 5.000%   6/1/36       1,150      1,208
  Duchesne County School District Lease (Appropriation) Revenue 4.000%   6/1/38       2,000      2,001
  Duchesne County School District Lease (Appropriation) Revenue 5.000%   6/1/39       4,000      4,165
  Duchesne County School District Lease (Appropriation) Revenue 5.000%   6/1/40       3,645      3,791
  Duchesne County School District Lease (Appropriation) Revenue 4.125%   6/1/41       1,650      1,632
  Intermountain Power Agency Electric Power & Light Revenue 5.000%   7/1/28       2,065      2,185
  Intermountain Power Agency Electric Power & Light Revenue 5.000%   7/1/29       1,665      1,786
  Intermountain Power Agency Electric Power & Light Revenue 5.000%   7/1/31       2,815      3,092
  Intermountain Power Agency Electric Power & Light Revenue 5.000%   7/1/32       1,500      1,662
  Intermountain Power Agency Electric Power & Light Revenue 5.000%   7/1/33       1,750      1,954
  Intermountain Power Agency Electric Power & Light Revenue 5.000%   7/1/34       3,415      3,718
  Intermountain Power Agency Electric Power & Light Revenue 5.000%   7/1/34       1,315      1,463
  Intermountain Power Agency Electric Power & Light Revenue 5.000%   7/1/35       3,735      4,055
  Intermountain Power Agency Electric Power & Light Revenue 4.000%   7/1/36       7,690      7,809
  Intermountain Power Agency Electric Power & Light Revenue 5.000%   7/1/37       9,145      9,875
  Intermountain Power Agency Electric Power & Light Revenue 5.000%   7/1/37       2,880      3,141
  Intermountain Power Agency Electric Power & Light Revenue 5.000%   7/1/38       5,000      5,388
  Intermountain Power Agency Electric Power & Light Revenue 5.000%   7/1/38       3,405      3,705
  Intermountain Power Agency Electric Power & Light Revenue 5.000%   7/1/39       3,680      3,977
  Intermountain Power Agency Electric Power & Light Revenue 5.000%   7/1/40      13,500     14,383
  Intermountain Power Agency Electric Power & Light Revenue 5.000%   7/1/40      20,270     21,788
  Intermountain Power Agency Electric Power & Light Revenue 5.000%   7/1/41      15,000     15,921
  Intermountain Power Agency Electric Power & Light Revenue 5.000%   7/1/41      12,500     13,362
  Intermountain Power Agency Electric Power & Light Revenue 5.000%   7/1/41       2,150      2,316
  Intermountain Power Agency Electric Power & Light Revenue 5.000%   7/1/42       1,735      1,829
  Intermountain Power Agency Electric Power & Light Revenue 5.000%   7/1/42       5,825      6,182
  Intermountain Power Agency Electric Power & Light Revenue 5.000%   7/1/42       2,250      2,404
  Intermountain Power Agency Electric Power & Light Revenue 5.000%   7/1/43       2,675      2,837
  Intermountain Power Agency Electric Power & Light Revenue 5.000%   7/1/44       1,000      1,060
  Intermountain Power Agency Electric Power & Light Revenue 5.000%   7/1/45       3,250      3,394
  Intermountain Power Agency Electric Power & Light Revenue 5.250%   7/1/45       1,925      2,065
  Jordan Valley Water Conservancy District Water Revenue 4.000%  10/1/33       1,005      1,021
  Jordan Valley Water Conservancy District Water Revenue 4.000%  10/1/34       1,000      1,014
  Jordan Valley Water Conservancy District Water Revenue 4.000%  10/1/35       1,350      1,364
  Jordan Valley Water Conservancy District Water Revenue 4.000%  10/1/37       1,440      1,446
  Jordan Valley Water Conservancy District Water Revenue 5.000%  10/1/43         820        876
  Jordan Valley Water Conservancy District Water Revenue 5.000%  10/1/44       1,000      1,065
  Jordan Valley Water Conservancy District Water Revenue 5.000%  10/1/45       1,815      1,928
  Jordan Valley Water Conservancy District Water Revenue 5.000%  10/1/46       1,910      2,024
4 Mida Mountain Village Public Infrastructure District Special Assessment Revenue 4.500%   8/1/40       2,500      2,407
4 Mida Mountain Village Public Infrastructure District Tax Increment/Allocation Revenue 5.500%  6/15/39       1,750      1,787
  Nebo School District GO 5.000%   7/1/27      11,075     11,644
  Nebo School District GO 5.000%   7/1/28       6,000      6,426
  Ogden City Municipal Building Authority Lease (Appropriation) Revenue 5.000%  1/15/43       1,000      1,070
  Ogden City Redevelopment Agency Sales Tax Revenue 5.000%  1/15/48       4,200      4,425
  Provo City School District Municipal Building Authority Lease (Appropriation) Revenue 3.000%  3/15/37       6,045      5,605
  Salt Lake City Corp. GO 3.000%  6/15/40       1,150      1,021
  Salt Lake City Corp. Sales Tax Sales Tax Revenue 5.000%   2/1/29       1,095      1,142
  Salt Lake City Corp. Sales Tax Sales Tax Revenue 5.000%   2/1/32       1,080      1,123
  Salt Lake City Corp. Sales Tax Sales Tax Revenue 5.000%   2/1/34       1,000      1,038
  Salt Lake City Corp. Sales Tax Sales Tax Revenue 5.000%   2/1/35       1,085      1,125
  Salt Lake City Corp. Sales Tax Sales Tax Revenue 5.000%   2/1/36       1,250      1,295
  Salt Lake City Corp. Sales Tax Sales Tax Revenue 5.000%   2/1/37       1,160      1,200
  Salt Lake City UT Airport Port, Airport & Marina Revenue 5.000%   7/1/33       1,810      1,874
  Salt Lake City UT Airport Port, Airport & Marina Revenue 5.000%   7/1/34       1,725      1,784
  Salt Lake City UT Airport Port, Airport & Marina Revenue 5.000%   7/1/36       1,300      1,341
  Salt Lake City UT Airport Port, Airport & Marina Revenue 5.000%   7/1/37       1,610      1,658
  Salt Lake City UT Public Utilities Water Revenue 5.000%   2/1/35       1,050      1,121
  Salt Lake City UT Public Utilities Water Revenue 5.000%   2/1/36       1,920      2,045
  Salt Lake City UT Public Utilities Water Revenue 5.000%   2/1/37       1,665      1,769
  Salt Lake City UT Public Utilities Water Revenue 4.000%   2/1/38       1,355      1,376
  Spanish Fork City UT Sewer Revenue 4.000%   9/1/42       1,370      1,344
  Spanish Fork City UT Sewer Revenue 4.000%   9/1/43       1,425      1,384
  Spanish Fork City UT Sewer Revenue 4.000%   9/1/44       1,480      1,427
  Summit County UT Sales Tax Revenue 2.000% 12/15/39       1,605      1,148
  University of Utah College & University Revenue 5.000%   8/1/27         360        379
  University of Utah College & University Revenue 5.000%   8/1/29       3,000      3,095
  University of Utah College & University Revenue 4.000%   8/1/37       1,000      1,021
  University of Utah College & University Revenue 5.000%   8/1/38       3,110      3,335
  University of Utah College & University Revenue 5.000%   8/1/39       1,500      1,649
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  University of Utah Local or Guaranteed Housing Revenue College & University Revenue 4.000%   8/1/38       3,895      3,957
  Utah Charter School Finance Authority Charter School Aid Revenue 5.000%  4/15/39         700        721
  Utah County UT Health, Hospital, Nursing Home Revenue 5.000%  5/15/36       2,000      2,091
  Utah County UT Health, Hospital, Nursing Home Revenue 5.000%  5/15/37       1,400      1,461
  Utah County UT Health, Hospital, Nursing Home Revenue 5.000%  5/15/38       1,265      1,316
  Utah County UT Health, Hospital, Nursing Home Revenue VRDO 2.350%   2/5/25       4,200      4,200
  Utah County UT Transportation Sales Tax Revenue 5.000%  12/1/31       1,025      1,115
  Utah County UT Transportation Sales Tax Revenue 5.000%  12/1/32       1,335      1,451
  Utah County UT Transportation Sales Tax Revenue 5.000%  12/1/33       1,130      1,222
  Utah County UT Transportation Sales Tax Revenue 5.000%  12/1/34       1,115      1,203
  Utah Housing Corp. Local or Guaranteed Housing Revenue 6.000%   7/1/54       1,430      1,574
  Utah Housing Corp. Local or Guaranteed Housing Revenue 6.000%   7/1/54       2,855      3,155
6 Utah Housing Corp. Local or Guaranteed Housing Revenue 6.500%   7/1/55       7,235      8,123
  Utah State Building Ownership Authority Lease (Appropriation) Revenue 5.000%  5/15/36       2,735      3,042
  Utah State University College & University Revenue 3.000%  12/1/33       1,965      1,868
  Utah State University College & University Revenue 3.000%  12/1/34       2,025      1,914
  Utah State University College & University Revenue 3.000%  12/1/35       2,085      1,928
  Utah Telecommunication Open Infrastructure Agency Sales Tax Revenue 5.250%   6/1/34       1,000      1,127
  Utah Telecommunication Open Infrastructure Agency Sales Tax Revenue 5.250%   6/1/35       1,000      1,124
  Utah Telecommunication Open Infrastructure Agency Sales Tax Revenue 5.250%   6/1/37       2,750      3,069
  Utah Telecommunication Open Infrastructure Agency Sales Tax Revenue 5.500%   6/1/40       1,000      1,119
  Utah Transit Authority Sales Tax Revenue 5.000%  6/15/31       1,125      1,265
  Utah Transit Authority Sales Tax Revenue 5.000%  6/15/31       4,050      4,529
  Utah Transit Authority Sales Tax Revenue 4.000% 12/15/31       2,500      2,526
  Utah Transit Authority Sales Tax Revenue 5.000%  6/15/32       1,375      1,564
  Utah Transit Authority Sales Tax Revenue 5.000%  6/15/32       2,450      2,762
  Utah Transit Authority Sales Tax Revenue 5.000%  6/15/35      10,000     11,556
  Utah Transit Authority Sales Tax Revenue 5.000% 12/15/35       5,215      5,483
  Utah Transit Authority Sales Tax Revenue 3.500% 12/15/36       3,940      3,889
  Utah Transit Authority Sales Tax Revenue 5.000% 12/15/36       1,000      1,050
  Utah Transit Authority Sales Tax Revenue 5.000%  6/15/37      10,425     11,899
  Utah Transit Authority Sales Tax Revenue 5.000% 12/15/37       1,235      1,387
  Utah Transit Authority Sales Tax Revenue 5.000%  6/15/38      12,000     13,615
  Utah Transit Authority Sales Tax Revenue 5.000%  6/15/38      10,000     11,260
  Utah Transit Authority Sales Tax Revenue 5.000%  6/15/39      11,065     12,422
  Utah Transit Authority Sales Tax Revenue 5.000%  6/15/39      29,310     33,155
  Utah Transit Authority Sales Tax Revenue 3.000% 12/15/39       3,435      3,018
  Utah Transit Authority Sales Tax Revenue 5.000%  6/15/40       5,000      5,581
  Utah Transit Authority Sales Tax Revenue 5.000%  6/15/40      27,815     31,164
  Utah Transit Authority Sales Tax Revenue 5.000%  6/15/41       4,500      5,012
  Utah Transit Authority Sales Tax Revenue 5.000% 12/15/41       5,000      5,523
  Utah Transit Authority Sales Tax Revenue 5.000%  6/15/42       7,500      8,304
  Utah Transit Authority Sales Tax Revenue, Prere. 5.000%  6/15/25       6,680      6,735
  Utah Transit Authority Sales Tax Revenue, Prere. 5.000%  6/15/25       7,105      7,163
  Utah Water Finance Agency Intergovernmental Agreement Revenue (Loan Financing Program) 5.000%   3/1/38       1,295      1,367
3 Vineyard Redevelopment Agency Tax Increment/Allocation Revenue 4.000%   5/1/36         250        257
3 Vineyard Redevelopment Agency Tax Increment/Allocation Revenue 4.000%   5/1/38         275        279
3 Vineyard Redevelopment Agency Tax Increment/Allocation Revenue 4.000%   5/1/40         320        321
                                     506,814
Vermont (0.1%)
  University of Vermont & State Agricultural College Miscellaneous Revenue 5.000%  10/1/37       2,725      3,110
  University of Vermont & State Agricultural College Miscellaneous Revenue 5.000%  10/1/38       3,145      3,597
  University of Vermont & State Agricultural College Miscellaneous Revenue 5.000%  10/1/39       1,650      1,878
  Vermont Economic Development Authority Health, Hospital, Nursing Home Revenue (Wake Robin Corp. Program) 4.000%   5/1/33       2,950      2,889
  Vermont Educational & Health Buildings Financing Agency College & University Revenue (Champlain College Project) 5.000% 10/15/31       1,180      1,173
  Vermont Educational & Health Buildings Financing Agency College & University Revenue (Champlain College Project) 5.000% 10/15/32       1,290      1,277
  Vermont Educational & Health Buildings Financing Agency College & University Revenue (Champlain College Project) 5.000% 10/15/33       1,405      1,385
  Vermont Educational & Health Buildings Financing Agency College & University Revenue (Champlain College Project) 5.000% 10/15/34       1,530      1,501
  Vermont Educational & Health Buildings Financing Agency College & University Revenue (Champlain College Project) 5.000% 10/15/35       2,660      2,593
  Vermont Educational & Health Buildings Financing Agency College & University Revenue (Champlain College Project) 5.000% 10/15/36       2,795      2,707
  Vermont Educational & Health Buildings Financing Agency College & University Revenue (Middlebury College Project) 5.000%  11/1/45       2,000      2,137
  Vermont Educational & Health Buildings Financing Agency Health, Hospital, Nursing Home Revenue 5.000%  12/1/34       7,910      8,022
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
5 Vermont Educational & Health Buildings Financing Agency Health, Hospital, Nursing Home Revenue VRDO 2.210%   2/5/25         925        925
  Vermont GO 4.000%  8/15/41       3,135      3,165
  Vermont GO 4.000%  8/15/42       2,135      2,145
  Vermont Municipal Bond Bank Miscellaneous Revenue 5.000%  10/1/27       2,260      2,387
  Vermont Municipal Bond Bank Miscellaneous Revenue 5.000%  10/1/28       3,575      3,774
  Vermont Municipal Bond Bank Miscellaneous Revenue 5.000%  10/1/29       1,475      1,555
  Vermont Municipal Bond Bank Miscellaneous Revenue 5.000%  10/1/30       2,300      2,422
  Vermont Municipal Bond Bank Miscellaneous Revenue 5.000%  10/1/32       1,525      1,596
  Vermont Municipal Bond Bank Miscellaneous Revenue 4.000%  10/1/33       1,050      1,067
  Vermont Municipal Bond Bank Miscellaneous Revenue 5.000%  12/1/36       2,250      2,503
  Vermont Municipal Bond Bank Miscellaneous Revenue 4.000%  12/1/40       2,400      2,407
  Vermont Municipal Bond Bank Miscellaneous Revenue 4.000%  12/1/41       1,375      1,362
  Vermont Municipal Bond Bank Miscellaneous Revenue 5.000%  12/1/41       1,125      1,152
  Vermont Municipal Bond Bank Miscellaneous Revenue 5.000%  12/1/41       1,000      1,087
  Vermont Municipal Bond Bank Miscellaneous Revenue 5.000%  12/1/42       1,000      1,084
  Vermont Municipal Bond Bank Miscellaneous Revenue 4.000%  12/1/43       2,710      2,626
  Vermont Municipal Bond Bank Miscellaneous Revenue 5.000%  12/1/43       1,000      1,079
  Vermont Municipal Bond Bank Miscellaneous Revenue 4.000%  12/1/44       2,275      2,189
  Vermont Municipal Bond Bank Miscellaneous Revenue 5.000%  12/1/44       1,475      1,585
                                      68,379
Virgin Islands (0.0%)
  Matching Fund Special Purpose Securitization Corp. Sales Tax Revenue 5.000%  10/1/25         860        868
  Matching Fund Special Purpose Securitization Corp. Sales Tax Revenue 5.000%  10/1/26       2,160      2,210
  Matching Fund Special Purpose Securitization Corp. Sales Tax Revenue 5.000%  10/1/27       7,345      7,589
4 Virgin Islands Public Finance Authority Government Fund/Grant Revenue 5.000%   9/1/33       2,825      2,840
                                      13,507
Virginia (1.4%)
  Alexandria VA GO 4.000% 12/15/43       3,775      3,778
  Arlington County IDA Health, Hospital, Nursing Home Revenue 5.000%   7/1/28         625        664
  Arlington County IDA Health, Hospital, Nursing Home Revenue 5.000%   7/1/30         700        763
  Arlington County IDA Health, Hospital, Nursing Home Revenue 5.000%   7/1/31         700        765
  Arlington County IDA Health, Hospital, Nursing Home Revenue 5.000%   7/1/32         750        816
  Arlington County IDA Health, Hospital, Nursing Home Revenue 5.000%   7/1/33       1,200      1,298
  Arlington County IDA Health, Hospital, Nursing Home Revenue 5.000%   7/1/36       2,000      2,126
  Arlington County IDA Health, Hospital, Nursing Home Revenue 5.000%   7/1/37       1,000      1,058
  Arlington County IDA Local or Guaranteed Housing Revenue 5.000%   1/1/26       2,915      2,969
  Arlington County VA GO 4.000%   8/1/39       8,000      8,118
  Chesapeake Economic Development Authority Electric Power & Light Revenue PUT 3.650%  10/1/27       1,600      1,623
  Chesapeake Redevelopment & Housing Authority Local or Guaranteed Housing Revenue (Forest Cove II Project) PUT 4.500%   7/1/40       4,985      5,096
  Chesapeake Redevelopment & Housing Authority Local or Guaranteed Housing Revenue (Forest Cove II Project) PUT 4.500%   7/1/40       4,735      4,840
  Chesapeake VA GO 5.000%   8/1/26       3,670      3,793
  Chesterfield County Economic Development Authority Intergovernmental Agreement Revenue (County Mobility Projects) 5.000%   4/1/32       1,775      2,015
  Chesterfield County Economic Development Authority Intergovernmental Agreement Revenue (County Mobility Projects) 5.000%   4/1/33       1,610      1,845
  Chesterfield County Economic Development Authority Intergovernmental Agreement Revenue (County Mobility Projects) 5.000%   4/1/34       1,500      1,733
  Chesterfield County Economic Development Authority Intergovernmental Agreement Revenue (County Mobility Projects) 5.000%   4/1/44       5,175      5,630
4 Cutalong II Community Development Authority District Special Assessment Revenue (Cutalong II Project) 4.250%   3/1/42       3,325      2,901
  Fairfax County Economic Development Authority Intergovernmental Agreement Revenue 5.000%   8/1/27       1,925      2,027
  Fairfax County IDA Health, Hospital, Nursing Home Revenue (Innova Health System Project) 5.000%  5/15/32      15,000     16,943
  Fairfax County IDA Health, Hospital, Nursing Home Revenue (Innova Health System Project) 4.000%  5/15/42      16,605     16,539
  Fairfax County Redevelopment & Housing Authority Local or Guaranteed Housing Revenue (Dominion Square North Project) PUT 5.000%   1/1/28       3,210      3,310
  Fairfax County VA GO 5.000%  10/1/27       6,000      6,352
  Fairfax County VA GO 5.000%  10/1/28       8,050      8,681
  Fairfax County VA GO 5.000%  10/1/29      14,280     15,663
  Fairfax County VA GO 4.000%  10/1/30      11,420     11,673
  Fairfax County VA GO 4.000%  10/1/40      10,000     10,156
  Halifax County IDA Electric Power & Light Revenue (Virginia Electric & Power Co. Project) PUT 3.800%  5/28/27       2,650      2,677
  Hampton Roads Sanitation District Sewer Revenue 5.000%   7/1/41       3,350      3,733
  Hampton Roads Sanitation District Sewer Revenue 5.000%   7/1/42       6,000      6,646
  Hampton Roads Sanitation District Sewer Revenue 5.000%   7/1/43       6,500      7,161
  Hampton Roads Sanitation District Sewer Revenue 5.000%   7/1/44       7,930      8,690
  Hampton Roads Sanitation District Sewer Revenue 5.000%   7/1/45      19,000     20,711
  Hampton Roads Transportation Accountability Commission Appropriations Revenue 5.000%   7/1/39       4,755      5,083
  Hampton Roads Transportation Accountability Commission Appropriations Revenue BAN 5.000%   7/1/27      22,695     23,871
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Hampton Roads Transportation Accountability Commission Sales Tax Revenue, Prere. 5.000%   1/1/28       7,260      7,721
4 Hanover County Economic Development Authority Health, Hospital, Nursing Home Revenue 4.000%   7/1/31         595        584
  Hanover County Economic Development Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/38         650        656
4 Hanover County Economic Development Authority Health, Hospital, Nursing Home Revenue 4.000%   7/1/40       3,000      2,670
  Henrico County Economic Development Authority Health, Hospital, Nursing Home Revenue 4.000%  10/1/31       1,645      1,674
  Henrico County Economic Development Authority Health, Hospital, Nursing Home Revenue 4.000%  10/1/32       1,425      1,446
  Henrico County Economic Development Authority Health, Hospital, Nursing Home Revenue 4.000%  10/1/40         500        489
  Henrico County Economic Development Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/42       1,125      1,177
  Henrico County Economic Development Authority Intergovernmental Agreement Revenue 4.000%   8/1/40       2,035      2,036
  Henrico County Economic Development Authority Intergovernmental Agreement Revenue 4.000%   8/1/42       1,930      1,895
3 Isle Wight County IDA Health, Hospital, Nursing Home Revenue 5.000%   7/1/35       1,000      1,105
3 Isle Wight County IDA Health, Hospital, Nursing Home Revenue 5.000%   7/1/36         750        826
3 Isle Wight County IDA Health, Hospital, Nursing Home Revenue 5.000%   7/1/38         700        762
3 Isle Wight County IDA Health, Hospital, Nursing Home Revenue 5.250%   7/1/43       2,000      2,187
  James City County Economic Development Authority Health, Hospital, Nursing Home Revenue 5.250%  12/1/27         710        711
  James City County Economic Development Authority Health, Hospital, Nursing Home Revenue 5.500%  12/1/28         640        641
  James City County Economic Development Authority Health, Hospital, Nursing Home Revenue 5.750%  12/1/28         640        641
  James City County Economic Development Authority Health, Hospital, Nursing Home Revenue 4.000%  12/1/30         220        218
  James City County Economic Development Authority Health, Hospital, Nursing Home Revenue 4.000%  12/1/35       1,805      1,739
  James City County Economic Development Authority Health, Hospital, Nursing Home Revenue 4.000%  12/1/40       1,115      1,022
  Lexington IDA Health, Hospital, Nursing Home Revenue 4.000%   1/1/38         665        647
  Loudoun County Economic Development Authority Miscellaneous Revenue VRDO 2.700%   2/5/25      30,460     30,460
  Loudoun County VA GO 3.000%  12/1/34       3,665      3,445
  Loudoun County VA GO 4.000%  12/1/42       9,700      9,817
  Loudoun County VA GO 4.000%  12/1/43       9,700      9,759
  Louisa IDA Electric Power & Light Revenue PUT 3.800%  5/28/27       1,100      1,115
  Louisa IDA Nuclear Revenue (VA Electric & Power Co. Project) PUT 0.750%   9/2/25       2,000      1,954
  Louisa IDA Nuclear Revenue PUT 3.650%  10/1/27       2,465      2,494
  Mosaic District Community Development Authority Lease (Appropriation) Revenue 4.000%   3/1/28       1,805      1,850
  Mosaic District Community Development Authority Lease (Appropriation) Revenue 4.000%   3/1/30       2,605      2,692
  Mosaic District Community Development Authority Lease (Appropriation) Revenue 4.000%   3/1/31       1,500      1,550
  Mosaic District Community Development Authority Lease (Appropriation) Revenue 4.000%   3/1/32         780        803
  Mosaic District Community Development Authority Lease (Appropriation) Revenue 4.000%   3/1/34       1,320      1,349
  Mosaic District Community Development Authority Lease (Appropriation) Revenue 4.000%   3/1/35       1,155      1,175
  Mosaic District Community Development Authority Lease (Appropriation) Revenue 4.000%   3/1/36       1,475      1,493
  Newport News Economic Development Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/25       1,775      1,789
  Newport News VA GO 5.000%   8/1/29       2,970      3,129
  Newport News VA GO 3.000%   2/1/38       2,000      1,822
  Norfolk Economic Development Authority Health, Hospital, Nursing Home Revenue PUT 5.000%  11/1/28         575        611
  Norfolk Redevelopment & Housing Authority Local or Guaranteed Housing Revenue (Braywood Manor Apartments Project) PUT 5.000%   5/1/26       1,500      1,533
  Norfolk VA GO, Prere. 5.000%   8/1/28       3,700      3,982
  Norfolk VA GO, Prere. 5.000%   8/1/28       4,195      4,515
  Norfolk VA GO, Prere. 5.000%   8/1/28       5,725      6,162
  Norfolk VA GO, Prere. 5.000%   8/1/28       4,000      4,305
  Norfolk VA GO, Prere. 5.000%   8/1/28       5,475      5,893
  Norfolk VA GO, Prere. 5.000%   8/1/28       6,655      7,163
  Norfolk VA GO, Prere. 5.000%   8/1/28       7,005      7,540
  Norfolk VA GO, Prere. 5.000%   8/1/28       2,140      2,303
  Norfolk VA Water Revenue 5.000%  11/1/26       8,705      9,011
  Norfolk VA Water Revenue 5.000%  11/1/33       3,760      3,948
  Norfolk VA Water Revenue 5.000%  11/1/34       2,800      2,933
  Norfolk VA Water Revenue 5.000%  11/1/35       1,975      2,065
  Norfolk VA Water Revenue 5.000%  11/1/36       2,075      2,165
  Norfolk VA Water Revenue 5.000%  11/1/37       2,180      2,268
  Norfolk VA Water Revenue 5.000%  11/1/42      10,000     10,299
4 Peninsula Town Center Community Development Authority Special Assessment Revenue 4.500%   9/1/28         620        623
4 Peninsula Town Center Community Development Authority Special Assessment Revenue 5.000%   9/1/37      10,120     10,183
  Richmond Redevelopment & Housing Authority Local or Guaranteed Housing Revenue 4.500%   5/1/40       2,491      2,547
  Richmond VA Public Utility Water Revenue, Prere. 5.000%  1/15/26       4,000      4,085
  Roanoke Economic Development Authority Health, Hospital, Nursing Home Revenue 4.000%   7/1/37       4,735      4,790
  Roanoke Economic Development Authority Health, Hospital, Nursing Home Revenue 4.000%   7/1/38       3,700      3,723
  Roanoke Economic Development Authority Health, Hospital, Nursing Home Revenue VRDO 2.230%   2/6/25      24,300     24,300
  Shenandoah County IDA Local or Guaranteed Housing Revenue (Massanutten Manor Project) 3.650%   1/1/35       2,314      2,201
  Spotsylvania County VA Water & Sewer System Water Revenue 3.000%  12/1/33       2,065      1,985
  Stafford County Economic Development Authority Health, Hospital, Nursing Home Revenue 5.000%  6/15/25       1,000      1,006
  Stafford County Economic Development Authority Health, Hospital, Nursing Home Revenue 5.000%  6/15/26       1,700      1,738
  Stafford County Economic Development Authority Health, Hospital, Nursing Home Revenue 5.000%  6/15/27       1,500      1,534
  Stafford County Economic Development Authority Health, Hospital, Nursing Home Revenue 5.000%  6/15/28       1,550      1,584
  Stafford County Economic Development Authority Health, Hospital, Nursing Home Revenue 5.000%  6/15/33       1,000      1,019
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Stafford County Economic Development Authority Health, Hospital, Nursing Home Revenue 5.000%  6/15/34       2,500      2,546
  Stafford County Economic Development Authority Health, Hospital, Nursing Home Revenue 5.000%  6/15/35       2,500      2,544
  University of Virginia College & University Revenue 5.000%   4/1/38       3,000      3,105
  Virginia Beach Development Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/27         755        772
  Virginia Beach Development Authority Health, Hospital, Nursing Home Revenue 5.375%   9/1/29       2,760      2,834
  Virginia Beach Development Authority Health, Hospital, Nursing Home Revenue 5.750%   9/1/30      13,300     13,666
  Virginia Beach Development Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/31       1,000      1,026
  Virginia Beach Development Authority Health, Hospital, Nursing Home Revenue 5.750%   9/1/33       2,675      2,989
  Virginia Beach Development Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/34       1,155      1,180
  Virginia Beach Development Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/35       1,210      1,234
  Virginia Beach Development Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/36         725        738
  Virginia Beach Development Authority Health, Hospital, Nursing Home Revenue 6.500%   9/1/43       4,785      5,383
  Virginia Beach Development Authority Intergovernmental Agreement Revenue 3.000%  4/15/36       1,725      1,610
  Virginia Beach Development Authority Intergovernmental Agreement Revenue 3.000%  4/15/37       2,000      1,839
  Virginia Beach VA Storm Water Utility Water Revenue 3.000% 11/15/40       3,860      3,404
  Virginia Beach VA Storm Water Utility Water Revenue 3.000% 11/15/42       3,230      2,745
  Virginia College Building Authority Appropriations Revenue 3.000%   2/1/32       6,200      5,955
  Virginia College Building Authority Appropriations Revenue 3.000%   2/1/33      18,750     17,818
  Virginia College Building Authority Appropriations Revenue 3.000%   2/1/35       9,775      9,106
  Virginia College Building Authority Appropriations Revenue 3.000%   2/1/36       4,955      4,561
  Virginia College Building Authority Appropriations Revenue 3.000%   2/1/37       7,785      7,089
  Virginia College Building Authority Appropriations Revenue 3.000%   2/1/38       1,000        895
  Virginia College Building Authority Appropriations Revenue (21st Century College & Equipment Programs) 5.000%   2/1/26      10,000     10,224
  Virginia College Building Authority Appropriations Revenue (21st Century College & Equipment Programs) 4.000%   2/1/29      10,000     10,191
  Virginia College Building Authority Appropriations Revenue (21st Century College & Equipment Programs) 3.000%   2/1/34       7,000      6,572
  Virginia College Building Authority Appropriations Revenue (21st Century College & Equipment Programs) 4.000%   2/1/34      24,410     24,713
  Virginia College Building Authority Appropriations Revenue (21st Century College & Equipment Programs) 3.000%   2/1/35       7,115      6,613
  Virginia College Building Authority Appropriations Revenue (21st Century College & Equipment Programs) 3.000%   2/1/36       8,690      7,999
  Virginia College Building Authority Appropriations Revenue (21st Century College & Equipment Programs) 5.000%   2/1/40       5,000      5,426
  Virginia College Building Authority Appropriations Revenue (21st Century College & Equipment Programs) 5.000%   2/1/42       5,000      5,379
  Virginia College Building Authority College & University Revenue 4.000%   9/1/30       4,515      4,551
  Virginia College Building Authority College & University Revenue 3.000%   9/1/36       3,000      2,815
  Virginia College Building Authority College & University Revenue 3.000%   9/1/41       2,810      2,413
  Virginia College Building Authority Lease (Appropriation) Revenue (21st Century College & Equipment Program) 3.000%   2/1/36       8,875      8,238
  Virginia College Building Authority Lease (Appropriation) Revenue (21st Century College & Equipment Program) 4.000%   2/1/37      15,355     15,705
  Virginia College Building Authority Lease (Appropriation) Revenue (21st Century College & Equipment Program) 3.000%   2/1/38      27,665     24,868
  Virginia College Building Authority Lease (Appropriation) Revenue (21st Century College & Equipment Program) 3.000%   2/1/39      21,370     18,930
  Virginia College Building Authority Lease (Appropriation) Revenue (21st Century College & Equipment Program) 3.000%   2/1/40      12,000     10,456
  Virginia College Building Authority Lease (Appropriation) Revenue (21st Century College & Equipment Program) 3.000%   2/1/41       6,455      5,568
  Virginia Commonwealth Transportation Board Appropriations Revenue 5.000%  5/15/26       4,565      4,692
  Virginia Commonwealth Transportation Board Appropriations Revenue 5.000%  5/15/28       5,250      5,552
  Virginia Commonwealth Transportation Board Appropriations Revenue 4.000%  5/15/31      10,600     10,781
  Virginia Commonwealth Transportation Board Appropriations Revenue 4.000%  5/15/33       5,780      5,855
  Virginia Commonwealth Transportation Board Appropriations Revenue 4.000%  5/15/34       8,790      8,910
  Virginia Commonwealth Transportation Board Appropriations Revenue 4.000%  5/15/35      10,000     10,101
  Virginia Commonwealth Transportation Board Appropriations Revenue 4.000%  5/15/35       8,085      8,184
  Virginia Commonwealth Transportation Board Appropriations Revenue 4.000%  5/15/38       5,230      5,369
  Virginia Commonwealth Transportation Board Appropriations Revenue 3.000%  5/15/39       1,500      1,329
  Virginia Commonwealth Transportation Board Appropriations Revenue (Capital Projects) 3.000%  5/15/33       5,310      5,080
  Virginia Commonwealth Transportation Board Appropriations Revenue (Capital Projects) 3.000%  5/15/34       5,470      5,209
  Virginia Commonwealth Transportation Board Appropriations Revenue (Capital Projects) 3.000%  5/15/35       8,250      7,787
  Virginia Commonwealth Transportation Board Appropriations Revenue (Transportation Capital Projects) 5.000%  5/15/26      11,915     12,246
  Virginia Commonwealth Transportation Board Appropriations Revenue (Transportation Capital Projects) 5.000%  5/15/29      20,435     22,252
  Virginia Commonwealth University Health System Authority Health, Hospital, Nursing Home Revenue 4.000%   7/1/35       2,000      2,024
  Virginia Commonwealth University Health System Authority Health, Hospital, Nursing Home Revenue 4.000%   7/1/35       1,895      1,917
  Virginia Commonwealth University Health System Authority Health, Hospital, Nursing Home Revenue 4.000%   7/1/36       3,000      3,031
  Virginia Commonwealth University Health System Authority Health, Hospital, Nursing Home Revenue 4.000%   7/1/36       1,800      1,818
  Virginia Commonwealth University Health System Authority Health, Hospital, Nursing Home Revenue 4.000%   7/1/37       1,500      1,513
  Virginia Housing Development Authority Local or Guaranteed Housing Revenue 3.000%   3/1/42       2,425      2,045
  Virginia Housing Development Authority Local or Guaranteed Housing Revenue 4.900%  11/1/42       1,000      1,017
  Virginia Housing Development Authority Local or Guaranteed Housing Revenue 3.650%   3/1/43       5,000      4,474
  Virginia Housing Development Authority Local or Guaranteed Housing Revenue 4.450%  12/1/44       1,850      1,842
  Virginia Port Authority Commonwealth Port Fund Appropriations Revenue 5.000%   7/1/42       3,650      3,977
  Virginia Port Authority Commonwealth Port Fund Appropriations Revenue 5.000%   7/1/43       3,250      3,524
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Virginia Public Building Authority Appropriations Revenue 5.000%   8/1/26       3,535      3,657
  Virginia Public Building Authority Appropriations Revenue 4.000%   8/1/30       5,920      6,064
  Virginia Public Building Authority Appropriations Revenue 5.000%   8/1/33       5,000      5,738
  Virginia Public Building Authority Appropriations Revenue 4.000%   8/1/37       2,145      2,201
  Virginia Public Building Authority Appropriations Revenue 4.000%   8/1/39       3,590      3,643
  Virginia Public Building Authority Appropriations Revenue 5.000%   8/1/41      15,000     16,688
  Virginia Public Building Authority Appropriations Revenue 4.000%   8/1/42      20,000     19,814
  Virginia Public Building Authority Appropriations Revenue 5.000%   8/1/42      17,615     19,465
  Virginia Public School Authority Intergovernmental Agreement Revenue 5.000%   3/1/26       5,125      5,253
  Virginia Public School Authority Intergovernmental Agreement Revenue 5.000%   8/1/29       8,500      8,762
  Virginia Public School Authority Intergovernmental Agreement Revenue 5.000%   8/1/32       4,775      5,177
  Virginia Public School Authority Intergovernmental Agreement Revenue 2.000%   8/1/35       1,000        805
  Virginia Public School Authority Intergovernmental Agreement Revenue 3.000%   8/1/35       3,750      3,567
  Virginia Public School Authority Intergovernmental Agreement Revenue 2.000%   8/1/39       1,510      1,101
  Virginia Public School Authority Intergovernmental Agreement Revenue 2.000%   8/1/40       2,050      1,463
  Virginia Resources Authority Miscellaneous Revenue 5.000%  11/1/30         185        185
  Virginia Resources Authority Miscellaneous Revenue 5.000%  11/1/32         105        105
  Virginia Small Business Financing Authority Health, Hospital, Nursing Home Revenue 3.900%  12/1/28      13,540     13,542
  Virginia Small Business Financing Authority Health, Hospital, Nursing Home Revenue 4.100%  12/1/30       7,380      7,460
  Virginia Small Business Financing Authority Health, Hospital, Nursing Home Revenue 4.000%  12/1/31       2,000      2,004
  Virginia Small Business Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/34       5,000      5,338
  Virginia Small Business Financing Authority Health, Hospital, Nursing Home Revenue 4.000%  11/1/36       2,200      2,249
  Virginia Small Business Financing Authority Health, Hospital, Nursing Home Revenue 4.000%  11/1/37       6,000      6,111
  Virginia Small Business Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/39       3,000      3,144
  Virginia Small Business Financing Authority Health, Hospital, Nursing Home Revenue 3.000%  11/1/40      25,520     22,263
  Virginia Small Business Financing Authority Health, Hospital, Nursing Home Revenue 4.500%  12/1/44       5,000      4,925
  Winchester Economic Development Authority Health, Hospital, Nursing Home Revenue 5.000%   1/1/31       3,000      3,041
  Winchester Economic Development Authority Health, Hospital, Nursing Home Revenue 5.000%   1/1/32       2,155      2,183
  Winchester Economic Development Authority Health, Hospital, Nursing Home Revenue 5.000%   1/1/33       2,500      2,531
  Winchester Economic Development Authority Health, Hospital, Nursing Home Revenue 5.000%   1/1/34       3,000      3,035
  Wise County IDA Electric Power & Light Revenue (VA Electric & Power Co. Project) PUT 0.750%   9/2/25      14,415     14,076
  Wise County IDA Electric Power & Light Revenue (Virginia Electric & Power Co. Project) PUT 3.800%  5/28/27       2,900      2,934
  York County Economic Development Authority Electric Power & Light Revenue (Virginia Electric & Power Co. Project) PUT 3.650%  10/1/27       2,405      2,440
                                   1,072,497
Washington (2.9%)
  Auburn School District No. 408 of King & Pierce Counties GO 5.000%  12/1/35       2,000      2,097
  Auburn School District No. 408 of King & Pierce Counties GO 3.000%  12/1/40       1,345      1,169
  Bellingham WA Water & Sewer Water Revenue 5.000%   8/1/36         725        798
  Bellingham WA Water & Sewer Water Revenue 5.000%   8/1/37         800        877
  Bellingham WA Water & Sewer Water Revenue 5.000%   8/1/40         650        698
  Bellingham WA Water & Sewer Water Revenue 5.000%   8/1/41         700        749
  Central Puget Sound Regional Transit Authority Miscellaneous Taxes Revenue 5.000%  11/1/27       1,320      1,368
  Central Puget Sound Regional Transit Authority Miscellaneous Taxes Revenue 5.000%  11/1/28       1,220      1,263
  Central Puget Sound Regional Transit Authority Miscellaneous Taxes Revenue 5.000%  11/1/30       2,580      2,667
  Central Puget Sound Regional Transit Authority Miscellaneous Taxes Revenue 5.000%  11/1/31       1,615      1,667
  Central Puget Sound Regional Transit Authority Miscellaneous Taxes Revenue 5.000%  11/1/32       2,745      2,832
  Central Puget Sound Regional Transit Authority Miscellaneous Taxes Revenue 5.000%  11/1/33       2,580      2,659
  Central Puget Sound Regional Transit Authority Miscellaneous Taxes Revenue 5.000%  11/1/34       4,805      4,947
  Central Puget Sound Regional Transit Authority Miscellaneous Taxes Revenue 5.000%  11/1/36       6,420      6,598
  Central Puget Sound Regional Transit Authority Sales Tax Revenue 5.000%  11/1/25      10,000     10,172
  Central Puget Sound Regional Transit Authority Sales Tax Revenue 5.000%  11/1/26      10,785     11,201
  Central Puget Sound Regional Transit Authority Sales Tax Revenue 4.000%  11/1/40      13,600     13,803
  Central Puget Sound Regional Transit Authority Sales Tax Revenue 5.000%  11/1/43       2,905      3,101
10 Chelan County Public Utility District No. 1 Electric Power & Light Revenue 0.000%   6/1/29       4,450      3,847
  Clark County School District No. 117 Camas GO 5.000%  12/1/32       8,000      8,415
  Clark County School District No. 37 Vancouver GO 5.000%  12/1/32       4,000      4,309
  Clark County School District No. 37 Vancouver GO 5.000%  12/1/33       2,510      2,693
  Energy Northwest Nuclear Revenue 5.000%   7/1/27      26,590     27,363
  Energy Northwest Nuclear Revenue 5.000%   7/1/31       1,010      1,017
  Energy Northwest Nuclear Revenue 5.000%   7/1/33       8,575      8,946
  Energy Northwest Nuclear Revenue 5.000%   7/1/34       7,265      7,562
  Energy Northwest Nuclear Revenue 5.000%   7/1/35      26,210     27,248
  Energy Northwest Nuclear Revenue 5.000%   7/1/35       1,500      1,679
  Energy Northwest Nuclear Revenue 5.000%   7/1/36      10,000     11,156
  Energy Northwest Nuclear Revenue 5.000%   7/1/37       6,420      7,195
  Energy Northwest Nuclear Revenue 5.000%   7/1/38      37,585     39,840
  Energy Northwest Nuclear Revenue 4.000%   7/1/39       5,535      5,579
  Energy Northwest Nuclear Revenue 5.000%   7/1/40       2,000      2,163
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Energy Northwest Nuclear Revenue 5.000%   7/1/41       4,610      4,950
  Energy Northwest Nuclear Revenue 4.000%   7/1/42      11,030     10,895
  Energy Northwest Nuclear Revenue (Project No. 1) 5.000%   7/1/27      10,000     10,538
  Energy Northwest Nuclear Revenue (Project No. 1) 5.000%   7/1/35       2,810      3,146
  Energy Northwest Nuclear Revenue (Project No. 3 Electric Revenue) 5.000%   7/1/26      21,295     21,978
  Franklin County School District No. 1 Pasco GO 4.000%  12/1/27       3,465      3,583
  Franklin County School District No. 1 Pasco GO 4.000%  12/1/28       5,955      6,214
  Grant County Public Hospital District No. 1 GO 5.500%  12/1/37       1,100      1,197
  Grant County Public Hospital District No. 1 GO 5.500%  12/1/38       1,845      1,999
  Grant County Public Hospital District No. 1 GO 5.500%  12/1/39       1,115      1,202
  Grant County Public Hospital District No. 1 GO 5.500%  12/1/40       1,835      1,968
  Grant County Public Hospital District No. 1 GO 5.500%  12/1/42       2,750      2,920
  Grant County Public Utility District No. 2 Electric Power & Light Revenue (Priest Rapids Hydroelectric Project) 5.000%   1/1/39         730        800
  Grant County Public Utility District No. 2 Electric Power & Light Revenue (Priest Rapids Hydroelectric Project) 5.000%   1/1/40       1,060      1,156
  Grant County Public Utility District No. 2 Electric Power & Light Revenue (Priest Rapids Hydroelectric Project) 5.000%   1/1/41         750        813
  King & Snohomish Counties School District No. 417 Northshore GO 5.000%  12/1/40       2,000      2,235
  King & Snohomish Counties School District No. 417 Northshore GO 5.000%  12/1/41       3,500      3,882
  King & Snohomish Counties School District No. 417 Northshore GO 5.000%  12/1/42       8,250      9,103
  King County Housing Authority Local or Guaranteed Housing Revenue 4.000%  10/1/29         175        178
  King County Housing Authority Local or Guaranteed Housing Revenue 4.000%  10/1/30         250        255
  King County Housing Authority Local or Guaranteed Housing Revenue 4.000%  10/1/31         175        176
  King County Housing Authority Local or Guaranteed Housing Revenue 4.000%  11/1/32       1,165      1,174
  King County Housing Authority Local or Guaranteed Housing Revenue 3.000%  11/1/39      11,000      9,321
  King County Housing Authority Local or Guaranteed Housing Revenue 3.000%  11/1/39       1,000        843
  King County Housing Authority Local or Guaranteed Housing Revenue 3.000%   6/1/40      17,300     14,172
  King County Housing Authority Local or Guaranteed Housing Revenue (Kirkland Heights Project) 4.625%   1/1/41       7,000      7,155
  King County Public Hospital District No. 1 GO 5.000%  12/1/36         920        940
  King County Public Hospital District No. 1 GO 5.000%  12/1/37       3,450      3,577
  King County School District No. 401 Highline GO 5.000%  12/1/38       2,000      2,218
6 King County School District No. 401 Highline GO 5.000%  12/1/41       3,250      3,614
6 King County School District No. 401 Highline GO 5.000%  12/1/42       4,110      4,523
  King County School District No. 403 Renton GO 4.000%  12/1/34       1,510      1,556
  King County School District No. 403 Renton GO 4.000%  12/1/39       7,925      8,076
  King County School District No. 403 Renton GO 4.000%  12/1/40      13,675     13,863
  King County School District No. 403 Renton GO 4.000%  12/1/41      25,795     25,941
  King County School District No. 405 Bellevue GO 3.000%  12/1/36       1,000        933
  King County School District No. 411 Issaquah GO 5.000%  12/1/28       2,055      2,133
  King County School District No. 411 Issaquah GO 4.000%  12/1/32       3,300      3,320
  King County School District No. 412 Shoreline GO 4.000%  12/1/27       2,785      2,876
  King County WA GO 5.000%   7/1/31       3,100      3,482
  King County WA Sewer Revenue 5.000%   1/1/37       7,255      8,271
  King County WA Sewer Revenue 5.000%   1/1/42       4,435      4,879
  King County WA Sewer Revenue 5.000%   1/1/43       1,500      1,642
  King County WA Sewer Revenue 4.000%   1/1/44      10,810     10,661
  King County WA Sewer Revenue 5.000%   1/1/44       2,500      2,715
  Kitsap County School District No. 100-C Bremerton GO 5.000%  12/1/40         925      1,024
  Kitsap County School District No. 100-C Bremerton GO 5.000%  12/1/41       1,950      2,145
  Kitsap County School District No. 100-C Bremerton GO 5.000%  12/1/42       3,000      3,273
  Kitsap County School District No. 100-C Bremerton GO 5.000%  12/1/43       3,000      3,258
  Kitsap County School District No. 100-C Bremerton GO 5.000%  12/1/44       4,725      5,112
  Kitsap County School District No. 401 Central Kitsap GO 4.000%  12/1/34       1,555      1,576
6,8 Klickitat County Public Utility District No. 1 Electric Power & Light Revenue 5.000%  12/1/32         765        844
6,8 Klickitat County Public Utility District No. 1 Electric Power & Light Revenue 5.000%  12/1/33         750        831
6,8 Klickitat County Public Utility District No. 1 Electric Power & Light Revenue 5.000%  12/1/34         875        974
8 Klickitat County Public Utility District No. 1 Electric Power & Light Revenue 5.000%  12/1/40       1,000      1,097
8 Klickitat County Public Utility District No. 1 Electric Power & Light Revenue 5.000%  12/1/41       1,000      1,086
  Mason County Public Utility District No. 3 Electric Power & Light Revenue 3.000%  12/1/33       3,640      3,464
  Mason County Public Utility District No. 3 Electric Power & Light Revenue 3.000%  12/1/34       3,675      3,481
  Mason County Public Utility District No. 3 Electric Power & Light Revenue 3.000%  12/1/35       1,165      1,098
  North Thurston Public Schools GO 5.000%  12/1/32       1,750      1,995
  Pierce County School District No. 320 Sumner GO 4.000%  12/1/29         965        978
  Pierce County School District No. 402 Franklin Pierce GO 4.000%  12/1/32       1,455      1,485
  Pierce County School District No. 402 Franklin Pierce GO 4.000%  12/1/34       3,080      3,129
  Pierce County School District No. 402 Franklin Pierce GO 4.000%  12/1/35       2,615      2,651
  Pierce County WA GO 2.550%   7/1/35       3,980      3,438
  Port of Seattle WA Port, Airport & Marina Revenue 5.000%   2/1/25       1,785      1,785
  Port of Seattle WA Port, Airport & Marina Revenue 5.000%   2/1/26       2,960      3,025
  Port of Seattle WA Port, Airport & Marina Revenue 5.000%   3/1/30         780        853
  Port of Seattle WA Port, Airport & Marina Revenue 5.000%   3/1/31       1,450      1,608
  Port of Seattle WA Port, Airport & Marina Revenue 5.000%   3/1/32       3,140      3,510
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Port of Seattle WA Port, Airport & Marina Revenue 5.000%   3/1/33       3,250      3,664
  Port of Seattle WA Port, Airport & Marina Revenue 5.000%   3/1/34       2,250      2,558
  Port of Seattle WA Port, Airport & Marina Revenue 4.000%   6/1/36       8,375      8,558
  Port of Seattle WA Port, Airport & Marina Revenue 4.000%   6/1/38       4,275      4,316
  Port of Seattle WA Port, Airport & Marina Revenue 4.000%   6/1/39      10,280     10,307
  Port of Seattle WA Port, Airport & Marina Revenue 4.000%   6/1/40       6,795      6,734
  Seattle WA Drainage & Wastewater Sewer Revenue 4.000%   7/1/34       3,970      4,025
  Seattle WA Drainage & Wastewater Sewer Revenue 4.000%   9/1/39       2,050      2,074
  Seattle WA GO 5.000%  11/1/27       5,000      5,304
  Seattle WA GO 4.000%  12/1/39       5,510      5,610
  Seattle WA GO 4.000%  12/1/40       5,725      5,803
  Seattle WA Municipal Light & Power Electric Power & Light Revenue 4.000%  10/1/35       1,000      1,007
  Seattle WA Municipal Light & Power Electric Power & Light Revenue 4.000%   7/1/37      10,000     10,211
  Seattle WA Municipal Light & Power Electric Power & Light Revenue 4.000%   7/1/38       2,175      2,210
  Seattle WA Municipal Light & Power Electric Power & Light Revenue 4.000%   7/1/39       5,000      5,047
  Seattle WA Municipal Light & Power Electric Power & Light Revenue 4.000%   7/1/39       1,320      1,334
  Seattle WA Municipal Light & Power Electric Power & Light Revenue 5.000%   7/1/40       2,180      2,371
  Seattle WA Municipal Light & Power Electric Power & Light Revenue 5.000%   4/1/42       2,700      2,817
  Seattle WA Municipal Light & Power Electric Power & Light Revenue 4.000%   7/1/43       1,000        986
  Seattle WA Municipal Light & Power Electric Power & Light Revenue 5.000%  10/1/44       6,880      7,484
  Seattle WA Municipal Light & Power Electric Power & Light Revenue 5.000%  10/1/45       7,225      7,829
  Seattle WA Water System Water Revenue 4.000%   5/1/31       1,805      1,808
  Seattle WA Water System Water Revenue 5.000%  10/1/39       2,050      2,306
  Seattle WA Water System Water Revenue 5.000%  10/1/40       2,155      2,410
  Seattle WA Water System Water Revenue 5.000%  10/1/41       2,260      2,512
  Seattle WA Water System Water Revenue 5.000%  10/1/42       2,375      2,628
  Seattle WA Water System Water Revenue 5.000%  10/1/43       2,490      2,732
  Skagit County Consolidated School District No. 320 Mount Vernon GO 4.000%  12/1/33       1,500      1,524
  Skagit County Public Hospital District No. 1 Health, Hospital, Nursing Home Revenue 4.000%  12/1/25       3,760      3,754
  Snohomish County Public Utility District No. 1 Electric System Electric Power & Light Revenue 5.000%  12/1/40       5,000      5,029
  Snohomish County School District No. 2 Everett GO 5.000%  12/1/35       1,100      1,151
  Spokane County School District No 354 Mead GO 5.000%  12/1/34       1,000      1,048
  Spokane County School District No. 81 Spokane GO 4.000%  12/1/39       1,925      1,960
  Tacoma WA Electric System Electric Power & Light Revenue 5.000%   1/1/36         550        625
  Tacoma WA Electric System Electric Power & Light Revenue 5.000%   1/1/36       1,000      1,135
  Tacoma WA Electric System Electric Power & Light Revenue 5.000%   1/1/37       1,250      1,410
  Tacoma WA Electric System Electric Power & Light Revenue 5.000%   1/1/37       1,085      1,121
  Tacoma WA Electric System Electric Power & Light Revenue 5.000%   1/1/38         900      1,010
  Tacoma WA Electric System Electric Power & Light Revenue 5.000%   1/1/38       1,000      1,121
  Tacoma WA Electric System Electric Power & Light Revenue 5.000%   1/1/40         700        773
  Tacoma WA Electric System Electric Power & Light Revenue 5.000%   1/1/41         750        820
  Tacoma WA Electric System Electric Power & Light Revenue 5.000%   1/1/42       1,500      1,627
  Tacoma WA Electric System Electric Power & Light Revenue 5.000%   1/1/43       1,290      1,392
  Tacoma WA Electric System Electric Power & Light Revenue 5.000%   1/1/44       1,390      1,494
  Tacoma WA Sewer Revenue 4.000%  12/1/41       2,770      2,762
  Tacoma WA Water Revenue 5.000%  12/1/41       5,480      6,051
1 Three Rivers Regional Wastewater Authority Sewer Revenue 5.000%   9/1/40       1,000      1,102
1 Three Rivers Regional Wastewater Authority Sewer Revenue 5.000%   9/1/41       1,250      1,366
  Thurston County WA GO 5.000%  12/1/41       2,475      2,677
  Thurston County WA GO 5.000%  12/1/42       2,595      2,786
  University of Washington College & University Revenue 5.000%  12/1/28         955        987
  University of Washington College & University Revenue PUT 4.000%   8/1/27      25,260     25,680
  Vancouver Housing Authority Local or Guaranteed Housing Revenue (Cougar Creek Project) 4.500%  10/1/42       1,250      1,235
  Vancouver Housing Authority Local or Guaranteed Housing Revenue (Esther Short Project) 4.500%  10/1/42       2,000      1,977
  Vancouver Housing Authority Local or Guaranteed Housing Revenue (Navalia & Alena Projects) 4.000%   8/1/34       7,400      7,432
  Washington COP 5.000%   7/1/36       5,135      5,346
  Washington COP 5.000%   7/1/37       5,385      5,600
  Washington Economic Development Finance Authority College & University Revenue 5.000%   6/1/27       1,410      1,411
  Washington Economic Development Finance Authority College & University Revenue 5.000%   6/1/29       1,535      1,536
  Washington Economic Development Finance Authority College & University Revenue 5.000%   6/1/31       2,165      2,167
  Washington Economic Development Finance Authority College & University Revenue 5.000%   6/1/32       1,460      1,461
  Washington GO 5.000%   7/1/25      23,685     23,898
  Washington GO 4.000%   7/1/26      10,000     10,181
  Washington GO 4.000%   7/1/26      25,000     25,452
  Washington GO 5.000%   8/1/27      49,000     51,686
  Washington GO 5.000%   6/1/28       3,400      3,637
  Washington GO 4.000%   7/1/28      40,000     41,466
  Washington GO 5.000%   7/1/28      16,000     17,142
  Washington GO 5.000%   8/1/28      20,210     20,409
  Washington GO 5.000%   6/1/29       5,120      5,571
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Washington GO 5.000%   2/1/30      13,740     13,740
  Washington GO 5.000%   7/1/30       6,975      7,094
  Washington GO 5.000%   8/1/30      11,495     12,063
  Washington GO 5.000%   8/1/31      14,890     15,596
  Washington GO 5.000%   8/1/31      22,640     23,714
  Washington GO 5.000%   8/1/31      10,000     10,274
  Washington GO 5.000%   7/1/32      14,210     16,127
  Washington GO 5.000%   8/1/32      26,855     28,069
  Washington GO 5.000%   8/1/33       5,020      5,151
  Washington GO 5.000%   8/1/34       5,015      5,142
  Washington GO 5.000%   8/1/34      10,000     10,084
  Washington GO 5.000%   6/1/35       1,500      1,634
  Washington GO 5.000%   8/1/35       2,530      2,591
  Washington GO 5.000%   8/1/35       6,170      6,519
  Washington GO 5.000%   2/1/36      16,505     17,036
  Washington GO 5.000%   2/1/36       1,500      1,624
  Washington GO 5.000%   2/1/36       2,065      2,199
  Washington GO 5.000%   8/1/36      10,000     10,546
  Washington GO 5.000%   8/1/36       2,490      2,711
  Washington GO 5.000%   8/1/36      11,750     12,204
  Washington GO 5.000%   2/1/37      13,760     14,400
  Washington GO 5.000%   8/1/37      10,005     10,531
  Washington GO 5.000%   8/1/37      20,955     23,842
  Washington GO 5.000%   2/1/38      12,245     12,245
  Washington GO 5.000%   2/1/38      10,000     10,440
  Washington GO 5.000%   8/1/38      18,960     19,904
  Washington GO 5.000%   2/1/39      12,860     12,860
  Washington GO 5.000%   2/1/39       5,400      5,931
  Washington GO 5.000%   2/1/39       9,000      9,636
  Washington GO 5.000%   8/1/39       6,110      6,235
  Washington GO 5.000%   8/1/39       4,900      5,002
  Washington GO 5.000%   8/1/39      14,600     16,425
  Washington GO 5.000%   2/1/40       4,345      4,751
  Washington GO 5.000%   2/1/40       4,085      4,248
  Washington GO 4.000%   6/1/40       5,315      5,361
  Washington GO 5.000%   6/1/40      11,590     12,981
  Washington GO 5.000%   8/1/40      19,000     21,315
  Washington GO 5.000%   2/1/41       7,335      7,960
  Washington GO 5.000%   2/1/41       5,360      5,873
  Washington GO 5.000%   2/1/41      10,000     10,743
  Washington GO 5.000%   2/1/41       2,500      2,598
  Washington GO 5.000%   6/1/41       3,130      3,321
  Washington GO 5.000%   6/1/41      12,165     13,493
  Washington GO 5.000%   8/1/41       1,560      1,684
  Washington GO 5.000%   8/1/41       5,000      5,226
  Washington GO 5.000%   2/1/42      19,070     20,550
  Washington GO 5.000%   2/1/42       6,985      7,458
  Washington GO 5.000%   8/1/42       2,500      2,575
  Washington GO 5.000%   8/1/42       8,500      9,357
  Washington GO 5.000%   2/1/43       3,075      3,349
  Washington GO 5.000%   6/1/43      13,110     14,313
  Washington GO 5.000%   8/1/43       1,200      1,258
  Washington GO 5.000%   8/1/43       3,480      3,683
  Washington GO 5.000%   2/1/44       1,205      1,305
  Washington GO 5.000%   6/1/44       5,740      6,185
  Washington GO 5.000%   8/1/44       4,000      4,180
  Washington GO 5.000%   8/1/44      36,805     39,991
  Washington GO 5.000%   2/1/45      11,875     12,821
  Washington GO 5.000%   6/1/45      10,785     11,661
  Washington GO 5.000%   8/1/45      48,515     52,517
  Washington GO 5.000%   2/1/46      21,715     23,270
  Washington GO 5.000%   6/1/46       3,525      3,785
  Washington GO 5.000%   8/1/46      25,000     26,872
  Washington GO 5.000%   8/1/47      53,320     57,153
  Washington Health Care Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/26       2,105      2,136
  Washington Health Care Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/26       1,070      1,097
  Washington Health Care Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/27       2,675      2,690
  Washington Health Care Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/27       1,675      1,752
  Washington Health Care Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/27       3,275      3,390
  Washington Health Care Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/27       1,550      1,598
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Washington Health Care Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/27         450        469
  Washington Health Care Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/28       2,160      2,172
  Washington Health Care Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/28       2,830      3,004
  Washington Health Care Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/28       4,600      4,748
  Washington Health Care Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/28       1,370      1,434
  Washington Health Care Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/28         585        618
  Washington Health Care Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/28       2,085      2,207
  Washington Health Care Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/29       1,755      1,765
  Washington Health Care Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/29       2,500      2,579
  Washington Health Care Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/29         415        444
  Washington Health Care Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/29       4,000      4,200
  Washington Health Care Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/30       3,600      3,869
  Washington Health Care Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/30       2,595      2,675
  Washington Health Care Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/30       1,845      1,921
  Washington Health Care Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/30         325        352
  Washington Health Care Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/31       2,250      2,315
  Washington Health Care Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/31       1,280      1,328
  Washington Health Care Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/31       3,000      3,019
  Washington Health Care Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/31         225        243
  Washington Health Care Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/31       4,000      4,179
  Washington Health Care Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   3/1/32       2,800      2,804
  Washington Health Care Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/32       2,200      2,346
  Washington Health Care Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/32       3,190      3,281
  Washington Health Care Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/32       3,000      3,018
  Washington Health Care Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/32       3,785      3,794
  Washington Health Care Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/33       1,750      1,859
  Washington Health Care Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/33       3,365      3,453
  Washington Health Care Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/33         600        646
  Washington Health Care Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/34       2,010      2,126
  Washington Health Care Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/34         500        537
  Washington Health Care Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/35       9,480      9,693
  Washington Health Care Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/35         400        428
  Washington Health Care Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/36      19,400     19,887
  Washington Health Care Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/36         500        533
  Washington Health Care Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/37       5,380      5,501
  Washington Health Care Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/37         750        795
  Washington Health Care Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/38       2,370      2,465
  Washington Health Care Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/38       4,230      4,399
  Washington Health Care Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/38       1,000      1,055
  Washington Health Care Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/39       2,200      2,312
  Washington Health Care Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/40       1,000      1,047
  Washington Health Care Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%  8/15/41       8,250      7,872
  Washington Health Care Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%   9/1/45       2,500      2,296
  Washington Health Care Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%  10/1/45       4,485      4,231
  Washington Health Care Facilities Authority Health, Hospital, Nursing Home Revenue PUT 5.000%   8/1/26       8,745      8,935
  Washington Health Care Facilities Authority Health, Hospital, Nursing Home Revenue PUT 4.000%  10/1/30      82,475     84,294
  Washington Higher Education Facilities Authority College & University Revenue (Gonzaga University Project) 4.000%   4/1/42       5,200      5,031
  Washington Higher Education Facilities Authority College & University Revenue (Seattle Pacific University Project) 5.000%  10/1/32       1,275      1,272
  Washington Higher Education Facilities Authority College & University Revenue (Seattle Pacific University Project) 5.000%  10/1/33       2,735      2,717
  Washington Higher Education Facilities Authority College & University Revenue (Seattle Pacific University Project) 5.000%  10/1/34       2,225      2,201
  Washington Higher Education Facilities Authority College & University Revenue (Seattle Pacific University Project) 5.000%  10/1/36       1,000        979
  Washington Higher Education Facilities Authority College & University Revenue (Seattle Pacific University Project) 5.000%  10/1/37       3,005      2,944
  Washington Higher Education Facilities Authority College & University Revenue (Seattle Pacific University Project) 5.000%  10/1/38       2,235      2,172
  Washington Higher Education Facilities Authority College & University Revenue (Seattle Pacific University Project) 5.000%  10/1/39       1,225      1,179
  Washington Higher Education Facilities Authority College & University Revenue (Seattle Pacific University Project) 5.000%  10/1/40       1,000        953
  Washington Higher Education Facilities Authority College & University Revenue (Seattle University Project) 4.000%   5/1/34       3,000      3,006
  Washington Higher Education Facilities Authority College & University Revenue (Seattle University Project) 4.000%   5/1/35       4,370      4,375
  Washington Higher Education Facilities Authority College & University Revenue (Seattle University Project) 4.000%   5/1/36       4,545      4,543
  Washington Higher Education Facilities Authority College & University Revenue (Whitman College Project) 4.000%   1/1/33       1,510      1,565
  Washington Higher Education Facilities Authority College & University Revenue (Whitman College Project) 4.000%   1/1/34       1,570      1,624
  Washington Higher Education Facilities Authority College & University Revenue (Whitman College Project) 4.000%   1/1/35       1,630      1,675
  Washington Higher Education Facilities Authority College & University Revenue (Whitman College Project) 4.000%   1/1/37       1,745      1,776
  Washington Higher Education Facilities Authority College & University Revenue (Whitman College Project) 4.000%   1/1/38       1,310      1,325
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Washington Higher Education Facilities Authority College & University Revenue (Whitworth University Project) 5.000%  10/1/30         595        618
  Washington Higher Education Facilities Authority College & University Revenue (Whitworth University Project) 5.000%  10/1/32       2,560      2,592
  Washington Higher Education Facilities Authority College & University Revenue (Whitworth University Project) 5.000%  10/1/32         660        684
  Washington Higher Education Facilities Authority College & University Revenue (Whitworth University Project) 4.000%  10/1/36         785        743
  Washington Higher Education Facilities Authority College & University Revenue (Whitworth University Project) 4.000%  10/1/40       1,805      1,625
  Washington State Convention Center Public Facilities District Hotel Occupancy Tax Revenue 4.000%   7/1/30         685        700
  Washington State Convention Center Public Facilities District Hotel Occupancy Tax Revenue 4.000%   7/1/31      75,370     76,411
  Washington State Convention Center Public Facilities District Hotel Occupancy Tax Revenue 4.000%   7/1/31         260        264
  Washington State Convention Center Public Facilities District Hotel Occupancy Tax Revenue 4.000%   7/1/31         115        116
  Washington State Convention Center Public Facilities District Hotel Occupancy Tax Revenue 5.000%   7/1/31       1,180      1,270
  Washington State Convention Center Public Facilities District Hotel Occupancy Tax Revenue 3.000%   7/1/32         325        305
  Washington State Convention Center Public Facilities District Hotel Occupancy Tax Revenue 4.000%   7/1/32       2,695      2,699
  Washington State Convention Center Public Facilities District Hotel Occupancy Tax Revenue 3.000%   7/1/33         285        264
  Washington State Convention Center Public Facilities District Hotel Occupancy Tax Revenue 3.000%   7/1/34       1,000        894
  Washington State Convention Center Public Facilities District Hotel Occupancy Tax Revenue 3.000%   7/1/35          85         77
  Washington State Convention Center Public Facilities District Hotel Occupancy Tax Revenue 5.000%   7/1/35         460        491
  Washington State Convention Center Public Facilities District Hotel Occupancy Tax Revenue 3.000%   7/1/36       1,965      1,705
  Washington State Convention Center Public Facilities District Hotel Occupancy Tax Revenue 3.000%   7/1/36         640        571
  Washington State Convention Center Public Facilities District Hotel Occupancy Tax Revenue 5.000%   7/1/36         910        969
  Washington State Convention Center Public Facilities District Hotel Occupancy Tax Revenue 3.000%   7/1/37       1,120        984
  Washington State Convention Center Public Facilities District Hotel Occupancy Tax Revenue 4.000%   7/1/37       1,550      1,508
  Washington State Convention Center Public Facilities District Hotel Occupancy Tax Revenue 3.000%   7/1/38       1,230      1,065
  Washington State Housing Finance Commission Health, Hospital, Nursing Home Revenue (Emerald Heights Project) 5.000%   7/1/31       1,280      1,373
  Washington State Housing Finance Commission Health, Hospital, Nursing Home Revenue (Emerald Heights Project) 5.000%   7/1/32       1,340      1,441
  Washington State Housing Finance Commission Health, Hospital, Nursing Home Revenue (Emerald Heights Project) 5.000%   7/1/33       1,410      1,516
4 Washington State Housing Finance Commission Health, Hospital, Nursing Home Revenue (Hearthstone Project) 4.500%   7/1/28         755        717
4 Washington State Housing Finance Commission Health, Hospital, Nursing Home Revenue (Hearthstone Project) 5.000%   7/1/38         830        707
4 Washington State Housing Finance Commission Health, Hospital, Nursing Home Revenue (Horizon House Project) 5.000%   1/1/32       2,010      2,010
4 Washington State Housing Finance Commission Health, Hospital, Nursing Home Revenue (Horizon House Project) 5.000%   1/1/38       2,325      2,257
4 Washington State Housing Finance Commission Local or Guaranteed Housing Revenue 3.950%   7/1/29       4,250      4,251
  Washington State Housing Finance Commission Local or Guaranteed Housing Revenue 5.000%   7/1/32       2,105      2,293
  Washington State Housing Finance Commission Local or Guaranteed Housing Revenue 4.150%   7/1/34       1,725      1,749
  Washington State Housing Finance Commission Local or Guaranteed Housing Revenue 5.000%   7/1/34       3,020      3,318
  Washington State Housing Finance Commission Local or Guaranteed Housing Revenue 5.000%   7/1/35       3,470      3,802
  Washington State Housing Finance Commission Local or Guaranteed Housing Revenue 3.500% 12/20/35      98,631     92,122
  Washington State Housing Finance Commission Local or Guaranteed Housing Revenue 5.000%   7/1/36       2,000      2,184
  Washington State Housing Finance Commission Local or Guaranteed Housing Revenue 3.375%  4/20/37      28,724     25,813
  Washington State Housing Finance Commission Local or Guaranteed Housing Revenue 5.000%   7/1/37       2,000      2,168
  Washington State Housing Finance Commission Local or Guaranteed Housing Revenue 5.000%   7/1/39       4,220      4,524
  Washington State Housing Finance Commission Local or Guaranteed Housing Revenue 4.221%  3/20/40      23,207     22,473
  Washington State Housing Finance Commission Local or Guaranteed Housing Revenue 5.500%   7/1/44       3,000      3,260
  Washington State Housing Finance Commission Local or Guaranteed Housing Revenue 5.500%   7/1/49       4,000      4,278
  Washington State Housing Finance Commission Local or Guaranteed Housing Revenue 5.000%  12/1/52       5,395      5,597
4 Washington State Housing Finance Commission Private Schools Revenue 5.625%   7/1/38       1,215      1,326
4 Washington State Housing Finance Commission Private Schools Revenue 5.875%   7/1/43       2,020      2,191
  Washington State University College & University Revenue 5.000%   4/1/31       1,230      1,365
  Washington State University College & University Revenue 5.000%   4/1/32       1,295      1,452
  Washington State University College & University Revenue 5.000%   4/1/33       1,100      1,244
  Washington State University College & University Revenue 5.000%   4/1/34       3,520      4,010
  Washington State University College & University Revenue 5.000%   4/1/35       2,490      2,859
  Washington State University College & University Revenue 5.000%   4/1/36       3,390      3,856
  Washington State University College & University Revenue 5.000%   4/1/37       2,395      2,711
  Yakima County School District No. 207 Wapato GO 5.000%  12/1/43       1,435      1,553
                                   2,256,657
West Virginia (0.5%)
3 Cabell County Board of Education GO 3.000%   6/1/30       1,875      1,851
  Monongalia County Building Commission Health, Hospital, Nursing Home Revenue 5.000%   7/1/28       1,285      1,288
  Monongalia County Building Commission Health, Hospital, Nursing Home Revenue 5.000%   7/1/29       2,105      2,110
  Monongalia County Building Commission Health, Hospital, Nursing Home Revenue 5.000%   7/1/30       1,425      1,427
4 Monongalia County WV Tax Increment/Allocation Revenue 5.750%   6/1/43         880        938
  Ohio County WV Tax Increment/Allocation Revenue (The Highlands Project) 5.250%   6/1/44       1,220      1,252
  West Virginia Commissioner of Highways Fuel Sales Tax Revenue 5.000%   9/1/26       6,465      6,667
  West Virginia Commissioner of Highways Fuel Sales Tax Revenue 5.000%   9/1/27       4,710      4,941
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  West Virginia Commissioner of Highways Government Fund/Grant Revenue 5.000%   9/1/32       3,000      3,127
  West Virginia Commissioner of Highways Government Fund/Grant Revenue 5.000%   9/1/33       3,025      3,148
3 West Virginia Economic Development Authority College & University Revenue 5.000%   7/1/39       4,080      4,394
3 West Virginia Economic Development Authority College & University Revenue 5.000%   7/1/40       3,650      3,911
  West Virginia Economic Development Authority Industrial Revenue PUT 3.375%  6/15/28       3,855      3,826
  West Virginia Economic Development Authority Lottery Revenue 5.000%  6/15/26       5,340      5,498
  West Virginia Economic Development Authority Lottery Revenue 5.000%  6/15/28       5,890      6,185
  West Virginia Economic Development Authority Lottery Revenue 5.000%  6/15/29       5,000      5,242
  West Virginia Economic Development Authority Lottery Revenue 4.000%  6/15/33       7,300      7,391
  West Virginia Economic Development Authority Lottery Revenue 4.000%  6/15/35       7,900      7,968
  West Virginia Economic Development Authority Lottery Revenue 4.000%  6/15/36       8,215      8,269
  West Virginia Economic Development Authority Lottery Revenue 4.000%  6/15/37       7,000      7,030
  West Virginia GO 5.000%  12/1/31       1,900      2,015
  West Virginia GO 5.000%  12/1/33      10,060     10,610
  West Virginia GO 5.000%  12/1/35      16,375     17,162
  West Virginia GO 5.000%   6/1/36      14,890     15,568
  West Virginia GO 5.000%   6/1/37       6,940      7,234
  West Virginia GO 5.000%  12/1/37      16,020     16,903
  West Virginia GO 5.000%   6/1/38      13,920     14,669
  West Virginia GO 5.000%  12/1/38      16,835     17,694
  West Virginia GO 5.000%  12/1/38       1,000      1,036
  West Virginia GO 5.000%   6/1/39      17,255     18,081
  West Virginia GO 5.000%  12/1/39      17,685     18,533
  West Virginia GO 5.000%  12/1/39       2,500      2,584
  West Virginia GO 5.000%   6/1/41       1,310      1,362
  West Virginia GO 5.000%  12/1/43       1,000      1,038
  West Virginia Higher Education Policy Commission College & University Revenue 5.000%   4/1/25       2,000      2,005
  West Virginia Higher Education Policy Commission College & University Revenue 5.000%   7/1/26       2,425      2,496
  West Virginia Higher Education Policy Commission College & University Revenue 5.000%   4/1/27       1,500      1,503
  West Virginia Higher Education Policy Commission College & University Revenue 5.000%   7/1/27       1,545      1,618
  West Virginia Higher Education Policy Commission College & University Revenue 5.000%   4/1/28       2,000      2,003
  West Virginia Higher Education Policy Commission College & University Revenue 5.000%   7/1/28       1,530      1,598
  West Virginia Higher Education Policy Commission College & University Revenue 5.000%   4/1/29       2,000      2,004
  West Virginia Higher Education Policy Commission College & University Revenue 5.000%   7/1/29       1,670      1,739
  West Virginia Higher Education Policy Commission College & University Revenue 5.000%   7/1/31       1,720      1,788
  West Virginia Higher Education Policy Commission College & University Revenue 5.000%   7/1/32       1,910      1,979
  West Virginia Higher Education Policy Commission College & University Revenue 5.000%   7/1/33       2,070      2,139
  West Virginia Higher Education Policy Commission College & University Revenue 5.000%   7/1/35       2,410      2,481
  West Virginia Higher Education Policy Commission College & University Revenue 5.000%   7/1/36       2,860      2,942
  West Virginia Higher Education Policy Commission College & University Revenue 5.000%   7/1/37       2,975      3,053
  West Virginia Hospital Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/25       2,990      2,993
  West Virginia Hospital Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/26       2,575      2,577
  West Virginia Hospital Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   1/1/27       1,460      1,492
  West Virginia Hospital Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/27       3,170      3,174
  West Virginia Hospital Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   1/1/28       1,190      1,229
  West Virginia Hospital Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/28       3,705      3,709
  West Virginia Hospital Finance Authority Health, Hospital, Nursing Home Revenue 4.000%   6/1/29       5,810      5,861
  West Virginia Hospital Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/29       6,360      6,690
  West Virginia Hospital Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/30       3,220      3,377
  West Virginia Hospital Finance Authority Health, Hospital, Nursing Home Revenue 4.000%   6/1/31       3,335      3,357
  West Virginia Hospital Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/31       7,295      7,622
  West Virginia Hospital Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   1/1/32       1,400      1,453
  West Virginia Hospital Finance Authority Health, Hospital, Nursing Home Revenue 4.000%   6/1/32       8,750      8,797
  West Virginia Hospital Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/32       3,250      3,381
  West Virginia Hospital Finance Authority Health, Hospital, Nursing Home Revenue 4.000%   6/1/35       4,540      4,550
  West Virginia Hospital Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/38       1,250      1,361
  West Virginia Hospital Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/40       3,400      3,653
  West Virginia Hospital Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/41       3,435      3,669
  West Virginia Hospital Finance Authority Health, Hospital, Nursing Home Revenue 5.750%   9/1/41       5,205      5,711
  West Virginia Hospital Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   1/1/43       5,000      5,032
  West Virginia Hospital Finance Authority Health, Hospital, Nursing Home Revenue 5.750%   9/1/43       3,380      3,679
4 West Virginia Hospital Finance Authority Health, Hospital, Nursing Home Revenue TOB VRDO 2.020%   2/3/25      17,990     17,990
  West Virginia Housing Development Fund Local or Guaranteed Housing Revenue PUT 5.000%   4/1/27       1,220      1,261
  West Virginia Lottery Excess Lottery Revenue 5.000%   7/1/26       2,590      2,666
  West Virginia Lottery Excess Lottery Revenue 5.000%   7/1/27       2,720      2,861
  West Virginia Parkways Authority Highway Revenue 5.000%   6/1/32       1,100      1,164
  West Virginia Parkways Authority Highway Revenue 5.000%   6/1/34       2,020      2,126
  West Virginia Parkways Authority Highway Revenue 5.000%   6/1/35       2,010      2,110
  West Virginia Parkways Authority Highway Revenue 5.000%   6/1/36       2,030      2,126
  West Virginia Parkways Authority Highway Revenue 5.000%   6/1/37       1,500      1,567
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  West Virginia Parkways Authority Highway Revenue 3.000%   6/1/41       2,140      1,847
  West Virginia Parkways Authority Highway Revenue 4.000%   6/1/42       2,695      2,657
  West Virginia Parkways Authority Highway Revenue 5.000%   6/1/43       2,000      2,064
  West Virginia University College & University Revenue (West Virginia University Project) 5.000%  10/1/44       1,445      1,524
  West Virginia University College & University Revenue (West Virginia University Project) PUT 5.000%  10/1/29      20,000     21,416
                                     407,046
Wisconsin (1.6%)
  Dane County WI GO 2.000%   4/1/29         320        295
  Dane County WI GO 4.000%   6/1/29      13,810     14,433
  Dane County WI GO 2.000%   4/1/30         265        240
  Dane County WI GO 4.000%   6/1/30       9,045      9,526
  Dane County WI GO 4.000%   6/1/31       9,415      9,966
  Dane County WI GO 4.000%   6/1/32       9,800     10,396
  Green Bay Area Public School District GO, Prere. 4.000%   4/1/26       3,560      3,605
  Green Bay Area Public School District GO, Prere. 4.000%   4/1/26       3,685      3,732
  Green Bay Area Public School District GO, Prere. 4.000%   4/1/26       3,825      3,873
  Madison WI Area Technical College GO 4.000%   3/1/28       5,530      5,648
  Mequon & Thiensville School District GO 2.000%   3/1/33       3,725      3,156
  Middleton-Cross Plains WI Area School District GO 4.000%   3/1/33       5,280      5,386
  Middleton-Cross Plains WI Area School District GO 4.000%   3/1/34      11,690     11,902
  Middleton-Cross Plains WI Area School District GO 4.000%   3/1/35      15,110     15,375
3 Milwaukee WI GO 5.000%   4/1/25       3,365      3,377
3 Milwaukee WI GO 5.000%   4/1/26       1,345      1,374
3 Milwaukee WI GO 5.000%   4/1/27       7,780      8,128
3 Milwaukee WI GO 5.000%   4/1/27       1,350      1,410
3 Milwaukee WI GO 5.000%   4/1/28       1,690      1,795
  Milwaukee WI GO 5.000%   4/1/29       8,810      9,430
  Milwaukee WI GO 5.000%   4/1/29       1,000      1,034
3 Milwaukee WI GO 5.000%   4/1/29       1,690      1,820
  Milwaukee WI GO 4.000%   4/1/32       6,100      6,195
  Milwaukee WI GO 4.000%   4/1/32       1,460      1,476
  Milwaukee WI GO 3.000%   4/1/33       4,825      4,439
1 Milwaukee WI GO 4.000%   4/1/33       4,670      4,749
3 Milwaukee WI GO 5.000%   4/1/33       1,000      1,094
  Milwaukee WI GO 3.000%   4/1/34       4,825      4,409
1 Milwaukee WI GO 4.000%   4/1/34       4,675      4,745
  Milwaukee WI Sewerage System Sewer Revenue 5.000%   6/1/36         625        677
  Milwaukee WI Sewerage System Sewer Revenue 5.000%   6/1/37       1,820      1,969
3 Monroe WI School District GO 5.000%   3/1/27         165        172
3 Monroe WI School District GO 5.000%   3/1/28         250        264
3 Monroe WI School District GO 5.000%   3/1/29         810        867
3 Monroe WI School District GO 5.000%   3/1/36         800        864
  Neenah Joint School District GO 3.000%   3/1/30       4,600      4,482
  Neenah Joint School District GO 3.000%   3/1/32       1,500      1,438
  New Richmond School District GO 5.000%   4/1/33       1,275      1,415
  New Richmond School District GO 5.000%   4/1/34       1,000      1,106
  New Richmond School District GO 5.000%   4/1/35       1,600      1,759
  New Richmond School District GO 5.000%   4/1/36       1,700      1,864
  New Richmond School District GO 5.000%   4/1/37       2,195      2,393
  New Richmond School District GO 5.000%   4/1/38       2,195      2,378
  New Richmond School District GO 5.000%   4/1/39       1,500      1,617
  New Richmond School District GO 5.000%   4/1/40       1,650      1,766
  Platteville School District GO 4.000%   3/1/35       1,060      1,083
  Platteville School District GO 4.000%   3/1/37       1,040      1,054
  Platteville School District GO 4.000%   3/1/38       1,560      1,580
  Platteville School District GO 4.000%   3/1/40         880        882
  Pleasant Prairie WI GO 4.000%   8/1/33      18,635     19,295
4 Public Finance Authority Charter School Aid Revenue 5.750%   7/1/33         250        262
4 Public Finance Authority Charter School Aid Revenue 5.000%   7/1/35         700        726
  Public Finance Authority Charter School Aid Revenue 5.625%  6/15/37         500        498
4 Public Finance Authority Charter School Aid Revenue 4.000%  7/15/39         595        559
4 Public Finance Authority Charter School Aid Revenue 5.000%   1/1/42       1,000        904
4 Public Finance Authority Charter School Aid Revenue 5.375%  6/15/42       1,065      1,060
  Public Finance Authority Charter School Aid Revenue 5.875%  6/15/42         500        498
4 Public Finance Authority Charter School Aid Revenue 6.375%   7/1/43         325        337
4 Public Finance Authority Charter School Aid Revenue 4.250%  7/15/44         180        169
4 Public Finance Authority Charter School Aid Revenue 4.750%   7/1/45       1,600      1,517
4 Public Finance Authority Charter School Aid Revenue (College Achieve Paterson Charter School Project) 5.000%  6/15/30         300        302
4 Public Finance Authority Charter School Aid Revenue (College Achieve Paterson Charter School Project) 5.000%  6/15/41       1,090      1,056
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
4 Public Finance Authority Charter School Aid Revenue (College Achieve Paterson Charter School Project) 4.000%  6/15/42       1,760      1,555
4 Public Finance Authority Charter School Aid Revenue (Master Academy of Nevada - East Las Vegas Campus Project) 5.000% 12/15/34         410        425
4 Public Finance Authority Charter School Aid Revenue (Master Academy of Nevada - East Las Vegas Campus Project) 5.000% 12/15/39         700        714
  Public Finance Authority College & University Revenue 5.250%  10/1/31       1,000      1,020
4 Public Finance Authority College & University Revenue 4.000%   4/1/32       1,430      1,408
  Public Finance Authority College & University Revenue 5.250%  10/1/33       1,140      1,156
  Public Finance Authority College & University Revenue 5.250%  10/1/38       3,500      3,520
4 Public Finance Authority College & University Revenue, ETM 4.000%   4/1/32          85         87
  Public Finance Authority Electric Power & Light Revenue (Duke Energy Progress Project) PUT 3.300%  10/1/26      14,260     14,262
  Public Finance Authority Electric Power & Light Revenue (Duke Energy Progress Project) PUT 3.700%  10/1/30      20,430     20,444
  Public Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/25       2,130      2,140
  Public Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/26       6,285      6,310
  Public Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/27       4,875      4,895
  Public Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/28       6,955      6,981
  Public Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   1/1/29       1,000      1,049
  Public Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/29       4,295      4,312
  Public Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/29       1,000      1,060
  Public Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/29         250        264
  Public Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/29       8,250      8,913
  Public Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   1/1/30         750        795
  Public Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/30       7,675      7,705
  Public Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/30       2,165      2,316
  Public Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/30         300        319
  Public Finance Authority Health, Hospital, Nursing Home Revenue 4.000%  10/1/30         265        265
  Public Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   1/1/31         750        798
  Public Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/31       2,175      2,322
  Public Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/31         575        615
  Public Finance Authority Health, Hospital, Nursing Home Revenue 4.000%  10/1/31         385        383
  Public Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   1/1/32         725        769
  Public Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/32       3,360      3,583
  Public Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/32         750        795
  Public Finance Authority Health, Hospital, Nursing Home Revenue 4.000%  10/1/32         390        387
  Public Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   1/1/33         500        529
  Public Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/33       1,725      1,706
  Public Finance Authority Health, Hospital, Nursing Home Revenue 3.000%   6/1/33      10,830      9,870
  Public Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/33       5,895      6,006
  Public Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/33         610        643
  Public Finance Authority Health, Hospital, Nursing Home Revenue 4.000%  10/1/33         425        420
  Public Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   1/1/34         810        854
  Public Finance Authority Health, Hospital, Nursing Home Revenue 4.000%   2/1/34       2,230      2,034
  Public Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/34       2,300      2,442
  Public Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   1/1/35       1,200      1,261
  Public Finance Authority Health, Hospital, Nursing Home Revenue 4.000%   2/1/35       1,650      1,490
  Public Finance Authority Health, Hospital, Nursing Home Revenue 4.000%   6/1/35       2,275      2,274
  Public Finance Authority Health, Hospital, Nursing Home Revenue 4.000%   6/1/35         675        665
  Public Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   1/1/36         730        765
  Public Finance Authority Health, Hospital, Nursing Home Revenue 4.000%   6/1/36       1,325      1,293
  Public Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/36       6,415      6,766
  Public Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/36         350        358
  Public Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   1/1/37       1,005      1,048
  Public Finance Authority Health, Hospital, Nursing Home Revenue 4.000%   6/1/37       6,140      6,049
  Public Finance Authority Health, Hospital, Nursing Home Revenue 4.000%   6/1/37         390        372
  Public Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/37         400        407
  Public Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   1/1/38       1,100      1,143
  Public Finance Authority Health, Hospital, Nursing Home Revenue 4.000%   2/1/38       1,000        874
  Public Finance Authority Health, Hospital, Nursing Home Revenue 4.000%   6/1/38         450        421
  Public Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/38       6,250      6,505
  Public Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/38         520        527
  Public Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   1/1/39       1,180      1,220
  Public Finance Authority Health, Hospital, Nursing Home Revenue 4.000%   6/1/39       6,125      5,977
  Public Finance Authority Health, Hospital, Nursing Home Revenue 4.000%   6/1/39         375        346
  Public Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/39         605        610
  Public Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   1/1/40       2,145      2,210
  Public Finance Authority Health, Hospital, Nursing Home Revenue 4.000%   6/1/40       8,080      7,811
  Public Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/40       1,070      1,075
  Public Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/41         745        746
  Public Finance Authority Health, Hospital, Nursing Home Revenue 4.000%  10/1/41         505        474
  Public Finance Authority Health, Hospital, Nursing Home Revenue (Kahala Nui Project) 5.000% 11/15/30         235        253
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Public Finance Authority Health, Hospital, Nursing Home Revenue (Kahala Nui Project) 5.000% 11/15/31         440        477
  Public Finance Authority Health, Hospital, Nursing Home Revenue (Kahala Nui Project) 5.000% 11/15/33         775        847
  Public Finance Authority Health, Hospital, Nursing Home Revenue (Kahala Nui Project) 5.000% 11/15/36         435        473
  Public Finance Authority Health, Hospital, Nursing Home Revenue (Kahala Nui Project) 5.000% 11/15/37         575        624
  Public Finance Authority Health, Hospital, Nursing Home Revenue (Kahala Nui Project) 5.000% 11/15/38         625        676
  Public Finance Authority Health, Hospital, Nursing Home Revenue (Kahala Nui Project) 5.000% 11/15/39         650        700
  Public Finance Authority Health, Hospital, Nursing Home Revenue (Kahala Nui Project) 5.000% 11/15/40         475        509
  Public Finance Authority Health, Hospital, Nursing Home Revenue (Kahala Nui Project) 5.000% 11/15/41         715        760
  Public Finance Authority Health, Hospital, Nursing Home Revenue PUT 4.000%  10/1/30      28,055     28,472
  Public Finance Authority Health, Hospital, Nursing Home Revenue, ETM 5.000% 11/15/27       4,695      4,912
  Public Finance Authority Industrial Revenue 3.750%   2/1/32         815        789
  Public Finance Authority Industrial Revenue 5.000%   2/1/42       1,865      1,923
  Public Finance Authority Intergovernmental Agreement Revenue PUT 4.000%   7/1/26      23,360     23,369
  Public Finance Authority Intergovernmental Agreement Revenue PUT 4.000%   2/1/27      34,728     34,465
  Public Finance Authority Intergovernmental Agreement Revenue PUT 4.000%   8/1/27       3,177      3,140
1 Public Finance Authority Local or Guaranteed Housing Revenue 5.250%   7/1/35       1,000      1,105
1 Public Finance Authority Local or Guaranteed Housing Revenue 5.250%   7/1/36       1,000      1,101
1 Public Finance Authority Local or Guaranteed Housing Revenue 5.250%   7/1/37       1,000      1,097
4 Public Finance Authority Local or Guaranteed Housing Revenue 5.250%   7/1/38       1,000      1,072
1 Public Finance Authority Local or Guaranteed Housing Revenue 5.250%   7/1/42       5,750      6,177
4 Public Finance Authority Local or Guaranteed Housing Revenue 5.500%   7/1/43       1,000      1,063
  Public Finance Authority Local or Guaranteed Housing Revenue (Aggie Apartment Life Holding Corp. II LLC Project) 5.000%   6/1/34       1,105      1,170
  Public Finance Authority Local or Guaranteed Housing Revenue (Aggie Apartment Life Holding Corp. II LLC Project) 5.000%   6/1/39         760        790
  Public Finance Authority Local or Guaranteed Housing Revenue (Aggie Apartment Life Holding Corp. II LLC Project) 5.000%   6/1/44       1,300      1,319
4 Public Finance Authority Miscellaneous Revenue (Inperium Project) 5.000%  12/1/34       2,500      2,516
4 Public Finance Authority Miscellaneous Revenue (Inperium Project) 5.500%  12/1/44       2,640      2,655
  Public Finance Authority Tax Increment/Allocation Revenue 5.000%   8/1/39         800        795
4 Public Finance Authority Tax Increment/Allocation Revenue (Miami Worldcenter Project) 5.000%   6/1/41       2,000      2,055
1 Racine Unified School District GO 5.000%   4/1/35       2,750      3,036
1 Racine Unified School District GO 5.000%   4/1/36       2,500      2,752
1 Racine Unified School District GO 5.000%   4/1/37       2,545      2,793
3 Racine Unified School District GO 5.000%   4/1/38       1,500      1,622
1 Racine Unified School District GO 5.000%   4/1/38       1,670      1,821
3 Racine Unified School District GO 5.000%   4/1/39       2,000      2,154
3 Racine Unified School District GO 5.000%   4/1/40       3,000      3,224
1 Racine Unified School District GO 5.000%   4/1/40       2,385      2,568
3 Racine Unified School District GO 5.000%   4/1/41       1,020      1,091
1 Racine Unified School District GO 5.000%   4/1/41       2,000      2,137
3 Racine Unified School District GO 5.000%   4/1/42       1,000      1,066
  Sheboygan Area School District GO 3.000%   3/1/39       1,500      1,354
  Sheboygan Area School District GO 3.000%   3/1/40       1,625      1,440
  Sheboygan Area School District GO 3.000%   3/1/41       1,400      1,221
  Sheboygan Area School District GO 3.000%   3/1/42       2,020      1,729
  Sheboygan Area School District GO 3.000%   3/1/43       2,080      1,754
8 Sparta Area School District GO 3.000%   3/1/38       1,250      1,136
8 Sparta Area School District GO 3.000%   3/1/39       1,785      1,594
  University of Wisconsin Hospitals & Clinics Health, Hospital, Nursing Home Revenue 4.000%   4/1/36       1,060      1,077
  University of Wisconsin Hospitals & Clinics Health, Hospital, Nursing Home Revenue 4.000%   4/1/37       1,375      1,391
  University of Wisconsin Hospitals & Clinics Health, Hospital, Nursing Home Revenue 4.000%   4/1/38       2,100      2,103
  University of Wisconsin Hospitals & Clinics Health, Hospital, Nursing Home Revenue 4.000%   4/1/39       2,400      2,383
  University of Wisconsin Hospitals & Clinics Health, Hospital, Nursing Home Revenue PUT 5.000%  10/1/31       6,360      6,987
  University of Wisconsin Hospitals & Clinics Health, Hospital, Nursing Home Revenue VRDO 1.800%   2/3/25       4,250      4,250
  Verona Area School District GO 5.000%   4/1/26       3,485      3,571
  Waunakee Community School District GO 3.250%   4/1/28      46,750     46,632
  West De Pere School District GO 5.000%   4/1/30       3,820      4,073
  West De Pere School District GO 4.000%   4/1/31       3,245      3,343
3 Wisconsin Center District Miscellaneous Taxes Revenue 0.000% 12/15/29       1,050        875
3 Wisconsin Center District Miscellaneous Taxes Revenue 0.000% 12/15/29         390        326
3 Wisconsin Center District Miscellaneous Taxes Revenue 0.000% 12/15/30       1,095        876
3 Wisconsin Center District Miscellaneous Taxes Revenue 0.000% 12/15/30         590        474
3 Wisconsin Center District Miscellaneous Taxes Revenue 0.000% 12/15/31       3,760      2,880
3 Wisconsin Center District Miscellaneous Taxes Revenue 0.000% 12/15/31       1,000        769
3 Wisconsin Center District Miscellaneous Taxes Revenue 0.000% 12/15/32       1,400      1,025
3 Wisconsin Center District Miscellaneous Taxes Revenue 0.000% 12/15/32       1,515      1,113
3 Wisconsin Center District Miscellaneous Taxes Revenue 0.000% 12/15/33       2,500      1,754
3 Wisconsin Center District Miscellaneous Taxes Revenue 0.000% 12/15/33       1,350        943
3 Wisconsin Center District Miscellaneous Taxes Revenue 0.000% 12/15/34       2,000      1,338
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
3 Wisconsin Center District Miscellaneous Taxes Revenue 0.000% 12/15/35       1,600      1,013
3 Wisconsin Center District Miscellaneous Taxes Revenue 0.000% 12/15/35       3,125      1,989
3 Wisconsin Center District Miscellaneous Taxes Revenue 0.000% 12/15/36       1,550        932
3 Wisconsin Center District Miscellaneous Taxes Revenue 0.000% 12/15/36       4,000      2,418
3 Wisconsin Center District Miscellaneous Taxes Revenue 0.000% 12/15/37       5,985      3,432
3 Wisconsin Center District Miscellaneous Taxes Revenue 0.000% 12/15/38       6,000      3,264
3 Wisconsin Center District Miscellaneous Taxes Revenue 0.000% 12/15/39       5,250      2,705
3 Wisconsin Center District Miscellaneous Taxes Revenue 0.000% 12/15/40       6,000      2,952
  Wisconsin Department of Transportation Miscellaneous Revenue 4.000%   7/1/38       1,650      1,678
  Wisconsin Department of Transportation Miscellaneous Revenue 3.000%   7/1/41       1,675      1,470
6 Wisconsin GO 5.000%   5/1/26      12,400     12,734
  Wisconsin GO 5.000%   5/1/27       8,425      8,850
6 Wisconsin GO 5.000%   5/1/27       7,770      8,161
6 Wisconsin GO 5.000%   5/1/28       4,550      4,869
  Wisconsin GO 5.000%  11/1/30       2,225      2,324
  Wisconsin GO 4.000%   5/1/33      11,520     11,719
6 Wisconsin GO 5.000%   5/1/33       6,280      7,228
  Wisconsin GO 5.000%   5/1/34       7,000      7,403
6 Wisconsin GO 5.000%   5/1/34       2,835      3,293
  Wisconsin GO 4.000%  11/1/34       3,500      3,553
  Wisconsin GO 5.000%   5/1/35      17,000     19,375
6 Wisconsin GO 5.000%   5/1/35       2,375      2,785
  Wisconsin GO 4.000%   5/1/36      10,000     10,076
  Wisconsin GO 5.000%   5/1/36      14,385     14,897
  Wisconsin GO 5.000%   5/1/36      22,000     24,995
  Wisconsin GO 5.000%   5/1/36       2,670      2,853
  Wisconsin GO 5.000%   5/1/37      12,500     12,924
  Wisconsin GO 5.000%   5/1/37      12,700     14,368
  Wisconsin GO 5.000%   5/1/38      11,000     11,349
  Wisconsin GO, Prere. 5.000%   5/1/25       5,025      5,050
  Wisconsin Health & Educational Facilities Authority College & University Revenue 5.000%  10/1/29       1,950      2,008
  Wisconsin Health & Educational Facilities Authority College & University Revenue 5.000%  12/1/34      11,035     11,333
  Wisconsin Health & Educational Facilities Authority College & University Revenue 5.000%  12/1/35       6,365      6,523
  Wisconsin Health & Educational Facilities Authority Electric Power & Light Revenue 5.000%   4/1/26       1,000      1,022
  Wisconsin Health & Educational Facilities Authority Electric Power & Light Revenue 5.000%   4/1/27         850        885
  Wisconsin Health & Educational Facilities Authority Electric Power & Light Revenue 5.000%   4/1/28         900        951
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  2/15/25       2,435      2,436
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/25       2,500      2,508
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  2/15/26         940        954
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/26         930        959
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  2/15/27       1,685      1,711
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/27       1,855      1,934
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 4.000% 11/15/27       1,015      1,043
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/27         150        157
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 4.200%  8/15/28       2,400      2,388
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/28         835        876
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 4.000% 11/15/28       1,400      1,449
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/28      12,130     12,144
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/28         175        186
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  2/15/29       5,285      5,580
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/29       1,175      1,218
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/29         800        836
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/29      12,020     12,034
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/29         200        215
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%   1/1/30         810        802
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/30       1,410      1,459
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%  8/15/30       8,305      8,394
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/30         275        296
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%  8/15/31       6,000      6,058
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/31         300        322
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000% 12/15/31       1,555      1,652
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  2/15/32       4,200      4,252
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  2/15/32       5,530      5,980
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/32       4,825      4,985
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%  8/15/32       5,345      5,388
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 4.000% 11/15/32       8,045      8,092
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/32         660        707
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000% 12/15/32       2,235      2,369
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/33       4,000      4,127
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%  8/15/33         450        450
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 4.000% 11/15/33      50,545     50,698
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000% 12/15/33       2,945      3,107
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/34       6,845      7,049
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 4.000% 11/15/34      39,835     39,885
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/34         700        745
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000% 12/15/34       3,450      3,632
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/35       5,450      5,607
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 4.000% 11/15/35       7,075      7,078
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 4.000% 12/15/35       2,540      2,553
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%   7/1/36       2,780      2,780
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/36       4,460      4,533
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 4.000% 12/15/36       2,605      2,612
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 3.000% 10/15/37       3,980      3,443
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%   4/1/38       2,245      2,236
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 4.000% 12/15/38       5,225      5,133
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%   4/1/39       1,000        965
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 4.500% 11/15/39       9,100      9,081
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%  8/15/40       4,420      4,394
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/41         500        483
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%  8/15/41         500        450
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue PUT 5.000%  6/24/26       1,480      1,516
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue PUT 5.000%  6/22/29       3,720      3,990
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue PUT 5.000%  6/22/29       3,440      3,686
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue PUT 5.000%  10/3/34       1,250      1,377
4,5 Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue TOB VRDO 2.200%   2/3/25       8,500      8,500
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue VRDO 1.700%   2/3/25       7,430      7,430
  Wisconsin Health & Educational Facilities Authority Local or Guaranteed Housing Revenue 4.375%  11/1/39       8,000      8,031
4 Wisconsin Health & Educational Facilities Authority Miscellaneous Revenue (Forensic Science & Protective Medicine Collabration Inc. Project) 5.000%   8/1/27       5,500      5,603
  Wisconsin Health & Educational Facilities Authority Revenue 5.000%   4/1/41       3,150      3,451
  Wisconsin Health & Educational Facilities Authority Revenue 5.000%   4/1/42       2,000      2,176
  Wisconsin Health & Educational Facilities Authority Revenue 5.000%   4/1/43       2,550      2,756
  Wisconsin Health & Educational Facilities Authority Revenue 5.000%   4/1/44       2,500      2,685
  Wisconsin Health & Educational Facilities Authority Revenue 5.000%   4/1/45       2,715      2,900
  Wisconsin Housing & Economic Development Authority Home Ownership Local or Guaranteed Housing Revenue 3.000%   3/1/52       2,485      2,428
  Wisconsin Housing & Economic Development Authority Home Ownership Local or Guaranteed Housing Revenue 3.000%   9/1/52       2,985      2,918
  Wisconsin Housing & Economic Development Authority Home Ownership Local or Guaranteed Housing Revenue 6.000%   3/1/54       5,405      5,909
  Wisconsin Housing & Economic Development Authority Home Ownership Local or Guaranteed Housing Revenue 6.000%   3/1/55       4,225      4,593
  Wisconsin Housing & Economic Development Authority Home Ownership Local or Guaranteed Housing Revenue 6.000%   3/1/55       4,265      4,672
  Wisconsin Housing & Economic Development Authority Housing Local or Guaranteed Housing Revenue 2.500%  11/1/41       1,750      1,326
  Wisconsin Housing & Economic Development Authority Housing Local or Guaranteed Housing Revenue PUT 3.875%   5/1/27       1,920      1,927
  Wisconsin Housing & Economic Development Authority Local or Guaranteed Housing Revenue (View at Huxley Yards Project) PUT 5.000%   8/1/26      10,734     11,013
  Wisconsin Housing & Economic Development Authority Multifamily Tax-Exempt Mortgage-Backed Securities Local or Guaranteed Housing Revenue 4.750%   6/1/43       5,000      5,154
                                   1,224,405
Wyoming (0.0%)
  Laramie County WY Health, Hospital, Nursing Home Revenue 4.000%   5/1/30         250        256
  Laramie County WY Health, Hospital, Nursing Home Revenue 4.000%   5/1/31          50         51
  Laramie County WY Health, Hospital, Nursing Home Revenue 4.000%   5/1/32         300        306
  Laramie County WY Health, Hospital, Nursing Home Revenue 4.000%   5/1/33         275        281
  Laramie County WY Health, Hospital, Nursing Home Revenue 4.000%   5/1/34         250        254
  Laramie County WY Health, Hospital, Nursing Home Revenue 4.000%   5/1/35         250        253
  Laramie County WY Health, Hospital, Nursing Home Revenue 4.000%   5/1/36         200        202
  Laramie County WY Health, Hospital, Nursing Home Revenue 4.000%   5/1/37         140        141
  Laramie County WY Health, Hospital, Nursing Home Revenue 4.000%   5/1/38         160        160
  Sweetwater County WY Industrial Revenue (Idaho Power Co. Project) 1.700%  7/15/26      24,000     23,223
  Wyoming Community Development Authority Local or Guaranteed Housing Revenue 3.000%   6/1/50       2,875      2,834
  Wyoming Community Development Authority Local or Guaranteed Housing Revenue 3.500%   6/1/52       1,895      1,878
  Wyoming Community Development Authority Local or Guaranteed Housing Revenue 5.750%   6/1/53       2,895      3,060
1 Wyoming Municipal Power Agency Inc. Electric Power & Light Revenue, Prere. 5.000%   1/1/27       1,025      1,068
1 Wyoming Municipal Power Agency Inc. Electric Power & Light Revenue, Prere. 5.000%   1/1/27       1,040      1,084
1 Wyoming Municipal Power Agency Inc. Electric Power & Light Revenue, Prere. 5.000%   1/1/27       1,105      1,152
1 Wyoming Municipal Power Agency Inc. Electric Power & Light Revenue, Prere. 5.000%   1/1/27       1,050      1,094
Vanguard® Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
1 Wyoming Municipal Power Agency Inc. Electric Power & Light Revenue, Prere. 5.000%   1/1/27       1,450      1,511
                                      38,808
Total Tax-Exempt Municipal Bonds (Cost $77,753,822) 76,566,177
Taxable Municipal Bonds (0.1%)
Puerto Rico (0.1%)
  Commonwealth of Puerto Rico CVI 0.000%  11/1/43      81,306     50,979
  Commonwealth of Puerto Rico CVI 0.000%  11/1/51      40,577     25,848
Total Taxable Municipal Bonds (Cost $75,033) 76,827
        Shares  
Temporary Cash Investments (1.3%)
Investment Company (1.3%)
21 Vanguard Municipal Low Duration Fund (Cost $1,029,925) 2.123%          102,992,630  1,029,926
Total Investments (100.0%) (Cost $78,858,780) 77,672,930
Other Assets and Liabilities—Net (0.0%) (12,575)
Net Assets (100%) 77,660,355
Cost is in $000.
1 Scheduled principal and interest payments are guaranteed by Build America Mutual Assurance Co.
2 Variable-rate security; rate shown is effective rate at period end. Certain variable-rate securities are not based on a published reference rate and spread but are determined by the issuer or agent based on current market conditions.
3 Scheduled principal and interest payments are guaranteed by Assured Guaranty Municipal Corp.
4 Security exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be sold in transactions exempt from registration, normally to qualified institutional buyers. At January 31, 2025, the aggregate value was $2,234,177,000, representing 2.9% of net assets.
5 Scheduled principal and interest payments are guaranteed by bank letter of credit.
6 Includes securities purchased on a when-issued or delayed-delivery basis for which the fund has not taken delivery as of January 31, 2025.
7 Non-income-producing security—security in default.
8 Scheduled principal and interest payments are guaranteed by Assured Guaranty Corp.
9 Scheduled principal and interest payments are guaranteed by Financial Guaranty Insurance Co.
10 Scheduled principal and interest payments are guaranteed by National Public Finance Guarantee Corp.
11 Step bond.
12 Securities with a value of $6,109,000 have been segregated as initial margin for open futures contracts.
13 Scheduled principal and interest payments are guaranteed by Ambac Assurance Corp.
14 The issuer was placed under federal conservatorship in September 2008; since that time, its daily operations have been managed by the Federal Housing Finance Agency and it receives capital from the U.S. Treasury, as needed to maintain a positive net worth, in exchange for senior preferred stock.
15 Scheduled principal and interest payments are guaranteed by Federal Housing Authority.
16 Scheduled principal and interest payments are guaranteed by Municipal Bond Insurance Association.
17 Scheduled principal and interest payments are guaranteed by Michigan School Board Loan Fund.
18 Scheduled principal and interest payments are guaranteed by the State of Nevada Permanent School Fund.
19 Scheduled principal and interest payments are guaranteed by XL Capital Assurance Inc.
20 Scheduled principal and interest payments are guaranteed by Texas Permanent School Fund.
21 Affiliated short-term municipal bond fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield.
  BAN—Bond Anticipation Note.
  COP—Certificate of Participation.
  CVI—Contingent Value Instruments.
  ETM—Escrowed to Maturity.
  GAN—Grant Anticipation Note.
  GO—General Obligation Bond.
  IDA—Industrial Development Authority Bond.
  PILOT—Payments in Lieu of Taxes.
  Prere.—Prerefunded.
  PUT—Put Option Obligation.
  RAN—Revenue Anticipation Note.
  SIFMA—Securities Industry and Financial Markets Association.
  SOFR—Secured Overnight Financing Rate.
  TOB—Tender Option Bond.
  VRDO—Variable Rate Demand Obligation.
Vanguard® Intermediate-Term Tax-Exempt Fund
Derivative Financial Instruments Outstanding as of Period End
Futures Contracts
      ($000)
  Expiration Number of
Long (Short)
Contracts 		Notional
Amount 		Value and
Unrealized
Appreciation
(Depreciation)
Long Futures Contracts        
5-Year U.S. Treasury Note March 2025 7,571 805,483 (3,017)
 
Short Futures Contracts        
Ultra Long U.S. Treasury Bond March 2025 (1,518) (179,836) 9,159
        6,142
A. Security Valuation: Securities are valued as of the close of trading on the New York Stock Exchange (generally 4 p.m., Eastern time) on the valuation date. Bonds and other temporary cash investments are valued using the latest bid prices or using valuations based on a matrix system (which considers such factors as security prices, yields, maturities, and ratings), both as furnished by independent pricing services. Investments in Vanguard Municipal Low Duration Fund are valued at that fund's net asset value. Securities for which market quotations are not readily available, or whose values have been affected by events occurring before the fund’s pricing time but after the close of the securities’ primary markets, are valued by methods deemed by the valuation designee to represent fair value and subject to oversight by the board of trustees.
B. Futures Contracts: The fund uses index futures contracts to a limited extent, with the objective of maintaining full exposure to the stock market while maintaining liquidity. The fund may purchase or sell futures contracts to achieve a desired level of investment, whether to accommodate portfolio turnover or cash flows from capital share transactions. The primary risks associated with the use of futures contracts are imperfect correlation between changes in market values of bonds held by the fund and the prices of futures contracts, and the possibility of an illiquid market. Counterparty risk involving futures is mitigated because a regulated clearinghouse is the counterparty instead of the clearing broker. To further mitigate counterparty risk, the fund trades futures contracts on an exchange, monitors the financial strength of its clearing brokers and clearinghouse, and has entered into clearing agreements with its clearing brokers. The clearinghouse imposes initial margin requirements to secure the fund’s performance and requires daily settlement of variation margin representing changes in the market value of each contract. Any securities pledged as initial margin for open contracts are noted in the Schedule of Investments.
Futures contracts are valued at their quoted daily settlement prices. Fluctuations in the value of the contracts are recorded as an asset (liability).
C. Various inputs may be used to determine the value of the fund’s investments and derivatives. These inputs are summarized in three broad levels for financial statement purposes. The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities.
Level 1—Quoted prices in active markets for identical securities.
Level 2—Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).
Level 3—Significant unobservable inputs (including the fund’s own assumptions used to determine the fair value of investments). Any investments and derivatives valued with significant unobservable inputs are noted on the Schedule of Investments.
The following table summarizes the market value of the fund’s investments and derivatives as of January 31, 2025, based on the inputs used to value them:
  Level 1
($000) 		Level 2
($000) 		Level 3
($000) 		Total
($000)
Investments         
Assets        
Tax-Exempt Municipal Bonds — 76,566,177 — 76,566,177
Taxable Municipal Bonds — 76,827 — 76,827
Temporary Cash Investments 1,029,926 — — 1,029,926
Total 1,029,926 76,643,004 — 77,672,930
Derivative Financial Instruments         
Assets        
Futures Contracts1 9,159 — — 9,159
Liabilities        
Futures Contracts1 (3,017) — — (3,017)
1 Includes cumulative appreciation (depreciation) on futures contracts and centrally cleared swaps, if any, as reported in the Schedule of Investments.