VTEB

Vanguard Tax-Exempt Bond Index Fund

$50.27

+0.00%

Market closed. Last update: 10:53 PM ET

📎 Investment Objective

The Vanguard Tax-Exempt Bond Index Fund seeks to track the performance of a benchmark index that measures the investment-grade segment of the U.S. municipal bond market. The fund aims to provide income that is exempt from federal personal income taxes.

Overview

ETF tracking Vanguard Tax-Exempt Bond Index Fund

Category Municipal Bonds

Issuer Vanguard

Inception Date 2015-08-25

Market Cap $39.6B

Average Volume N/A

Dividend Yield 2.73%

52-Week Range $48.13 - $51.08

VWAP $50.34

Performance

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Price Chart

Investment Summary

📎 Investment Objective

🎯 Investment Strategy

The fund 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 that are primarily state or local governments or agencies whose interest is exempt from U.S. federal income taxes and the federal alternative minimum tax.

✨ Key Features

Provides exposure to a broad portfolio of investment-grade municipal bonds
Seeks to track the performance of the S&P National AMT-Free Municipal Bond Index
Aims to deliver income that is exempt from federal personal income taxes
Low-cost index fund with an expense ratio of 0.00%

⚠️ Primary Risks

Interest rate risk: The fund's performance may be negatively affected by rising interest rates
Credit risk: The fund is subject to the risk that a bond issuer will fail to pay interest or principal in a timely manner
Tax risk: Changes in tax laws or adverse interpretations of the tax code could affect the tax-exempt status of municipal bonds
Index tracking risk: The fund may not perfectly track its benchmark index

👤 Best For

This ETF may be suitable for investors seeking tax-exempt income and broad exposure to the investment-grade municipal bond market. It can be a core fixed income holding for investors in higher tax brackets who are looking to generate tax-efficient returns.