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VANGUARD MUN BD FDS
VANGUARD MUN BD FDS. Institutional holdings reported to the SEC.

Institutional Holders (2015Q4)
Portfolio Summary: 20 Institutional holders with a total value of $32,910,000.
#
Manager Name
Shares
Value ($)
%
Options
Notes
1 BANK OF AMERICA CORP /DE/ 292,374 14,908,000 45.30%
2 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 103,893 5,298,000 16.10% PRN
3 FDx Advisors, Inc. 51,082 2,605,000 7.92%
4 BB&T SECURITIES, LLC 25,711 1,311,000 3.98%
5 LPL Financial LLC 25,132 1,285,000 3.90%
6 RAYMOND JAMES & ASSOCIATES 22,450 1,145,000 3.48%
7 UBS Group AG 20,250 1,033,000 3.14%
8 Atria Investments, Inc 19,790 1,016,000 3.09%
9 Capital Investment Services of America, Inc. 19,200 979,000 2.97%
10 GAMBLE JONES INVESTMENT COUNSEL 14,000 714,000 2.17%
11 AMI INVESTMENT MANAGEMENT INC 11,844 604,000 1.84%
12 ENVESTNET ASSET MANAGEMENT INC 11,075 565,000 1.72%
13 ALESCO ADVISORS LLC 8,100 413,000 1.25%
14 JPMORGAN CHASE & CO 6,165 314,000 0.95%
15 VANGUARD GROUP INC 5,392 275,000 0.84%
16 Cetera Advisors LLC 5,140 261,000 0.79%
17 Creative Planning 2,645 135,000 0.41%
18 LADENBURG THALMANN FINANCIAL SERVICES INC. 672 34,000 0.10%
19 US BANCORP \DE\ 200 10,000 0.03%
20 MSI Financial Services Inc 98 5,000 0.02%

From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.