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Vanguard Tax-Exempt Bond ETF (VTEB)

ETF overview

This index-tracking fund aims to mirror the performance of a specific benchmark, the Standard & Poor's National AMT-Free Municipal Bond Index, which represents the investment-grade segment of the U.S. municipal bond market. It achieves this by employing a sampling strategy, carefully selecting a portion of the index's holdings to replicate its overall characteristics. A minimum of 80% of its assets will be invested in securities included in this target index. Crucially, under typical market conditions, at least 80% of the fund's portfolio will consist of bonds generating income that is exempt from both federal income tax and the federal alternative minimum tax (AMT). A primary risk is its sensitivity to interest rate fluctuations: rising rates can lead to a decrease in bond prices, while falling rates may eventually reduce the income distributed by the fund. This fund is designed for investors seeking potentially tax-free federal income who are comfortable with moderate swings in both investment value and distributed income. To maintain diversification, for 75% of its total assets, the fund generally restricts its holdings: it won't acquire more than 10% of an issuer's voting securities, nor will it invest more than 5% of its total assets in a single issuer's securities. Exceptions to these limits apply when necessary to match the target index's composition or when investing in U.S. government or agency obligations.

CountryUnited States of America
ExchangeAMEX
Trades inUSD
Current price
48.01 USD+0.08%
Close 21 Oct 2026
Interval
Benchmarks

Fund facts

Expense ratio
0.03%
Fund assets
52.4B USD (all share classes)
Issuer
Vanguard
Inception date
Aug 21, 2015
Number of holdings
11,155

Breakdown

Holdings (11,155)

NameTickerWeight
Vanguard Municipal Low Duration Fund 12/31/20490.69%
State of California 5.00% 08/01/20280.15%
State of California 5.00% 08/01/20290.14%
New York State Dormitory Authority 5.50% 07/01/20540.13%
State of Illinois 5.00% 11/01/20280.12%
Ohio State University/The 5.00% 06/01/20350.12%
City of New York NY 5.00% 08/01/20340.10%
State of Wisconsin 5.00% 05/01/20380.10%
State of Wisconsin 5.00% 05/01/20380.10%
University of California 5.00% 05/15/20360.10%
and 11,142 more

Similar ETFs

Historical returns do not guarantee future returns. This is not investment advice.

Vanguard Tax-Exempt Bond ETF (VTEB)

VTEB · AMEX
48.01 USD+0.08%
Sign up to track this ETF
Benchmarks
Fund facts
Expense ratio
0.03%
Fund assets
52.4B USD (all share classes)
Issuer
Vanguard
Inception date
Aug 21, 2015
Number of holdings
11,155
Breakdown
Holdings (11,155)
NameTickerWeight
Vanguard Municipal Low Duration Fund 12/31/20490.69%
State of California 5.00% 08/01/20280.15%
State of California 5.00% 08/01/20290.14%
New York State Dormitory Authority 5.50% 07/01/20540.13%
State of Illinois 5.00% 11/01/20280.12%
Ohio State University/The 5.00% 06/01/20350.12%
City of New York NY 5.00% 08/01/20340.10%
State of Wisconsin 5.00% 05/01/20380.10%
State of Wisconsin 5.00% 05/01/20380.10%
University of California 5.00% 05/15/20360.10%
and 11,142 more
ETF overview

This index-tracking fund aims to mirror the performance of a specific benchmark, the Standard & Poor's National AMT-Free Municipal Bond Index, which represents the investment-grade segment of the U.S. municipal bond market. It achieves this by employing a sampling strategy, carefully selecting a portion of the index's holdings to replicate its overall characteristics. A minimum of 80% of its assets will be invested in securities included in this target index. Crucially, under typical market conditions, at least 80% of the fund's portfolio will consist of bonds generating income that is exempt from both federal income tax and the federal alternative minimum tax (AMT). A primary risk is its sensitivity to interest rate fluctuations: rising rates can lead to a decrease in bond prices, while falling rates may eventually reduce the income distributed by the fund. This fund is designed for investors seeking potentially tax-free federal income who are comfortable with moderate swings in both investment value and distributed income. To maintain diversification, for 75% of its total assets, the fund generally restricts its holdings: it won't acquire more than 10% of an issuer's voting securities, nor will it invest more than 5% of its total assets in a single issuer's securities. Exceptions to these limits apply when necessary to match the target index's composition or when investing in U.S. government or agency obligations.

CountryUnited States of America
Trades inUSD
Similar ETFs

Historical returns do not guarantee future returns. This is not investment advice.

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