VCRM was created on 2024-11-21 by Vanguard. The fund's investment portfolio concentrates primarily on broad credit fixed income. The ETF currently has 425.08m in AUM and 1107 holdings. VCRM is an actively managed portfolio of USD-denominated tax-exempt municipal bonds with a weighted average maturity of 8 to 20 years. The fund may hold up to 20% in below investment-grade bonds.