VSDM was created on 2024-11-19 by Vanguard. The fund's investment portfolio concentrates primarily on broad credit fixed income. The ETF currently has 558.3m in AUM and 2278 holdings. VSDM is an actively managed portfolio of USD-denominated tax-exempt municipal bonds with an average duration of 1.5 to 5 years. The fund may hold up to 20% in below investment-grade bonds.