VCRM holdings

Computed by this site from the fund's SEC Form N-PORT filing; what the measure does not tell you · every fund in one table · hold it with other funds? X-ray the mix. Pricing: 1.62% at a quoted market price (level 1), one issuer country, 2.82% restricted securities.

VCRM's largest investment is Vanguard Municipal Cash Management Fund at 2.52% of net assets. Massachusetts St-a and Great Lakes MI WTR AU follow; the three together are 3.96%. Ten companies are 7.13% of the fund; the other 2,394 share the rest. Among the 192 bond funds measured here, VCRM behaves like 571.2 holdings against a median of 236.4 — 2.4 times the median. Across 6 quarterly filings VCRM has become less concentrated: it behaved like 232 at 2025-01-31 and 466.1 at 2026-04-30. Between the 2026-01-31 and 2026-04-30 filings 447 positions were added and 145 dropped; 32.8% of the weight moved.

Each sentence is read from the fund's own SEC filing; the class median is computed across the comparable bond funds on this site. Nothing here is a view on the fund.

Between 2025-01-31 and 2026-04-30, VCRM went from behaving like 232 equally weighted positions to 466.1 — 101% more, while its top ten went from 9.7% to 7.69% of net assets. Read across the funds on the concentration-over-time table.

One row per filed reporting period, newest first, read from EDGAR. Quarterly because that is the public filing cadence. Rows marked * are published but held out of the comparison above; the methodology page says when and why.

The 15 largest of 2,404 positions in VCRM's Form N-PORT, weight as a share of net assets, securities-lending collateral excluded. Every position, every quarter: VCRM.csv.gz.

Monthly total returns from Item B.5 of VCRM's own filings, 18 months on record. Not computed here and not from a price feed.

Cross-checked against a series computed separately from prices: median difference — percentage points over 0 months, which is roughly the distributions. Every month with the filing it came from: VCRM.json · all funds.

1,825 positions became 2,127: 447 added (30.2% of the fund at the later date), 145 dropped (10.1% at the earlier date). Half the sum of all weight changes, a turnover proxy: 32.8%. Positions are matched on identifiers, so a security whose identifier changed shows as one drop and one add. Every filing of VCRM compared this way, as a feed: changes.xml · all funds: filings received.

New: Commonwealth of Massachusetts Transportation Fund Revenue (0.77%), Public Finance Authority (0.61%), University of California (0.58%), Grand Parkway Transportation Corp (0.50%), MARYLAND CMNTY DEV ADMIN HSG & (0.49%), New York State Environmental Facilities Corp (0.48%). Gone: North Texas Tollway Authority (0.62%), New York State Dormitory Authority (0.53%), New Mexico Mortgage Finance Authority (0.45%), Oklahoma Water Resources Board (0.45%), Washington Metropolitan Area Transit Authority Dedicated Rev (0.43%), Colorado Health Facilities Authority (0.36%).

1.6% of VCRM is carried at a quoted market price (fair-value level 1). Categories and levels are the filer's, from Form N-PORT; what a low level-1 share does and does not mean is in the measure's page.

A position count cannot describe a fund that uses derivatives, because a swap is filed at its unrealised gain, not its exposure. These are the notionals the fund itself reported, against net assets of $1.28B. Notional of an interest-rate or currency swap is not equity exposure.

Full detail for every fund that files derivatives: leverage.json (CC BY 4.0).

Every measured debt fund lined up by how many holdings it behaves like; these sit either side of VCRM (571.2). Same filings, same arithmetic. Position in this list says nothing about which fund is better.