VCRM

Vanguard Core Tax-Exempt Bond ETF

$75.58

+0.00%

Market closed. Last update: 10:56 PM ET

📎 Investment Objective

The Vanguard Core Tax-Exempt Bond ETF seeks to track the performance of a benchmark index that measures the investment-grade, tax-exempt bond market.

Overview

ETF tracking Vanguard Core Tax-Exempt Bond ETF

Category Fixed Income

Issuer Vanguard

Inception Date 2024-11-21

Market Cap $462.5M

Average Volume N/A

Dividend Yield 2.78%

52-Week Range $72.23 - $76.17

VWAP $75.71

Performance

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Price Chart

Investment Summary

📎 Investment Objective

The Vanguard Core Tax-Exempt Bond ETF seeks to track the performance of a benchmark index that measures the investment-grade, tax-exempt bond market.

🎯 Investment Strategy

The ETF employs a passive management or indexing investment approach designed to track the performance of the S&P National AMT-Free Municipal Bond Index. This index includes municipal bonds from issuers nationwide that are exempt from federal income taxes and the federal alternative minimum tax (AMT).

✨ Key Features

Provides exposure to a diversified portfolio of high-quality, tax-exempt municipal bonds
Seeks to track the performance of the S&P National AMT-Free Municipal Bond Index
Employs a low-cost, passive management approach
Suitable for investors seeking tax-exempt income and broad municipal bond market exposure

⚠️ Primary Risks

Interest rate risk: Bond prices may decline due to rising interest rates
Credit risk: Issuers may fail to make timely payments of principal and interest
Liquidity risk: Difficulty buying or selling bonds at an optimal price and time
Tax risk: Changes in tax laws may affect the tax-exempt status of municipal bonds

👤 Best For

The Vanguard Core Tax-Exempt Bond ETF may be suitable for investors seeking tax-exempt income, diversification, and a low-cost way to gain exposure to the municipal bond market. It is best suited for investors with a medium-term investment horizon and a moderate risk tolerance.