Vanguard Municipal Bond Funds - Mutual funds, IRAs, ETFs ...

Vanguard Short-Term Tax-Exempt Fund ... Vanguard High-Yield Tax-Exempt Fund Semiannual Report | April 30, 2019 Vanguard Municipal Bond Funds See the inside front cover for important information about access to your fund’s annual and semiannual ... of investing in your fund and to compare these costs with those of other mutual funds. ................
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