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Vanguard Tax-Exempt Bond Index Fund

etf
VTEB
Dividend policy
Increase
Price as of:
$54.38 -0.06 0%
primary theme
Municipal Bond
VTEB (ETF)

Vanguard Tax-Exempt Bond Index Fund

Dividend policy
Increase
Price as of:
$54.38 -0.06 0%
primary theme
Municipal Bond
VTEB (ETF)
Vanguard Tax-Exempt Bond Index Fund
Dividend policy
Increase
Price as of:
$54.38 -0.06 0%
primary theme
Municipal Bond

VTEB - Snapshot

Vitals

  • YTD Return -1.4%
  • 3 Yr Annualized Return 5.0%
  • 5 Yr Annualized Return 3.6%
  • Net Assets $11.9 B
  • Holdings in Top 10 2.5%

52 WEEK LOW AND HIGH

$54.44
$45.81
$55.51

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.06%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 8.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) N/A
  • IRA N/A

Fund Classification

  • Primary Theme Municipal Bond
  • Fund Type Exchange Traded Fund
  • Investment Style Muni National Interm

Compare VTEB to Popular Municipal Bond Funds

Overview

Next Dividend

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Dividend.com Ratings*

Vanguard Intermediate-Term Tax-Exempt Fund

Fund

$14.69

+0.07%

$83.18 B

-

$0.00

blocked
blocked
blocked

-1.14%

0.17%

Vanguard Limited Term Tax Exempt Fund

Fund

$11.21

0.00%

$34.32 B

-

$0.00

blocked
blocked
blocked

-0.44%

0.17%

American Funds Tax Exempt Bond Fund®

Fund

$13.48

0.00%

$25.04 B

-

$0.00

blocked
blocked
blocked

-1.03%

0.52%

Vanguard Short Term Tax Exempt Fund

Fund

$15.93

0.00%

$21.38 B

-

$0.00

blocked
blocked
blocked

-0.13%

0.17%

Vanguard California Intermediate Term Tax Exempt Fund

Fund

$12.18

0.00%

$18.39 B

-

$0.00

blocked
blocked
blocked

-1.46%

0.17%

Compare VTEB to Popular Municipal Bond ETFs

Overview

Next Dividend

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Dividend.com Ratings*

Vanguard Tax-Exempt Bond Index Fund

VTEB | ETF

$54.38

-0.11%

$11.89 B

1.98%

$1.08

blocked
blocked
blocked

-1.45%

0.06%

SPDR® Nuveen Bloomberg Barclays Short Term Municipal Bond ETF

SHM | ETF

$49.48

+0.04%

$4.49 B

1.14%

$0.56

blocked
blocked
blocked

-0.68%

0.20%

SPDR® Nuveen Bloomberg Barclays Municipal Bond ETF

TFI | ETF

$51.41

-0.14%

$3.48 B

1.93%

$1.00

blocked
blocked
blocked

-2.06%

0.30%

First Trust Managed Municipal ETF

FMB | ETF

$56.12

-0.02%

$1.92 B

2.18%

$1.22

blocked
blocked
blocked

-1.04%

0.65%

VanEck Vectors Intermediate Muni ETF

ITM | ETF

-

-

$1.79 B

-

$0.00

blocked
blocked
blocked

-2.02%

0.24%

VTEB - Profile

Distributions

  • YTD Total Return -1.5%
  • 3 Yr Annualized Total Return 5.0%
  • 5 Yr Annualized Total Return 3.6%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 2.10%
DIVIDENDS
  • Dividend Yield 1.2%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Vanguard Tax-Exempt Bond Index Fund
  • Fund Family Name
    Vanguard
  • Inception Date
    Aug 21, 2015
  • Shares Outstanding
    201998466
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Stephen McFee

Fund Description

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 (AMT). All of the fund's investments will be selected through the sampling process, and at least 80% of the fund's assets will be invested in securities held in the index.

VTEB - Performance

Return Ranking - Trailing

Period VTEB Return Category Return Low Category Return High Rank in Category (%)
YTD -1.4% -3.2% 1.4% 78.82%
1 Yr 3.8% -1.0% 9.5% 24.08%
3 Yr 5.0%* 0.0% 10.2% 24.17%
5 Yr 3.6%* -0.4% 8.0% 26.23%
10 Yr N/A* -0.1% 10.8% N/A

* Annualized

Return Ranking - Calendar

Period VTEB Return Category Return Low Category Return High Rank in Category (%)
2020 3.1% -2.8% 310.0% 6.44%
2019 4.9% -0.3% 15.4% 16.89%
2018 -1.2% -10.3% 97.2% 19.83%
2017 2.8% -100.0% 7.6% 14.93%
2016 -1.4% -7.9% 96.8% 9.67%

Total Return Ranking - Trailing

Period VTEB Return Category Return Low Category Return High Rank in Category (%)
YTD -1.5% -3.2% 1.7% 79.95%
1 Yr 3.8% -5.1% 9.5% 18.79%
3 Yr 5.0%* -2.0% 10.2% 20.99%
5 Yr 3.6%* -1.6% 8.0% 22.93%
10 Yr N/A* -0.1% 10.8% N/A

* Annualized

Total Return Ranking - Calendar

Period VTEB Return Category Return Low Category Return High Rank in Category (%)
2020 3.1% -2.8% 310.0% 6.44%
2019 4.9% -0.3% 15.4% 17.25%
2018 -1.2% -10.3% 11.0% 22.90%
2017 2.8% -100.0% 7.6% 18.49%
2016 -1.4% -7.9% 3.0% 13.59%

VTEB - Holdings

Concentration Analysis

VTEB Category Low Category High VTEB % Rank
Net Assets 11.9 B 100 83.2 B 1.65%
Number of Holdings 5347 3 11152 0.34%
Net Assets in Top 10 286 M -192 M 4.18 B 14.73%
Weighting of Top 10 2.50% 2.5% 100.0% 99.83%

Top 10 Holdings

  1. DENVER COLO CITY & CNTY 0.29%
  2. FLORIDA ST BRD ED PUB ED 0.27%
  3. GRAND PARKWAY TRANSN CORP TEX SYS TOLL REV 0.26%
  4. NEW YORK N Y CITY MUN WTR FIN AUTH WTR & SWR SYS REV 0.26%
  5. TEXAS ST 0.25%
  6. SAN DIEGO CALIF UNI SCH DIST 0.25%
  7. UNIVERSITY TEX UNIV REVS 0.25%
  8. NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV 0.24%
  9. KLEIN TEX INDPT SCH DIST 0.23%
  10. METROPOLITAN TRANSN AUTH N Y REV 0.23%

Asset Allocation

Weighting Return Low Return High VTEB % Rank
Bonds 		99.33% 66.96% 147.73% 35.87%
Cash 		0.67% -47.72% 33.04% 61.15%
Stocks 		0.00% 0.00% 2.07% 87.61%
Preferred Stocks 		0.00% -0.95% 1.06% 86.75%
Other 		0.00% -13.58% 13.72% 86.63%
Convertible Bonds 		0.00% -0.42% 1.32% 86.75%

Bond Sector Breakdown

Weighting Return Low Return High VTEB % Rank
Municipal 		99.33% 46.63% 100.00% 36.12%
Cash & Equivalents 		0.67% 0.00% 33.04% 62.00%
Derivative 		0.00% 0.00% 0.85% 86.97%
Securitized 		0.00% 0.00% 6.51% 87.26%
Corporate 		0.00% 0.00% 15.75% 89.02%
Government 		0.00% 0.00% 50.01% 87.71%

Bond Geographic Breakdown

Weighting Return Low Return High VTEB % Rank
US 		99.32% 66.25% 141.36% 15.87%
Non US 		0.01% 0.00% 26.53% 75.88%

VTEB - Expenses

Operational Fees

VTEB Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.06% 0.01% 16.95% 99.83%
Management Fee 0.05% 0.00% 1.10% 1.02%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.47% N/A

Sales Fees

VTEB Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 5.75% N/A
Deferred Load N/A 0.25% 5.50% N/A

Trading Fees

VTEB Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

VTEB Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 8.00% 0.00% 299.40% 9.68%

VTEB - Distributions

Dividend Yield Analysis

VTEB Category Low Category High VTEB % Rank
Dividend Yield 1.20% 0.00% 1.86% 0.96%

Dividend Distribution Analysis

VTEB Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

VTEB Category Low Category High VTEB % Rank
Net Income Ratio 2.10% -1.65% 6.48% 63.90%

Capital Gain Distribution Analysis

VTEB Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Dividend Payout History

View More +

VTEB - Fund Manager Analysis

Managers

Stephen McFee

Start Date

Tenure

Tenure Rank

Feb 07, 2020

0.98

1.0%

Stephen M. McFee, CFA, Portfolio Manager and co-lead of the municipal revenue team in Vanguard's Fixed Income Group. He has been with Vanguard since 2005, has worked in investment management since 2007. Education: B.A./B.S., East Stroudsburg University; M.S., St. Joseph's University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.03 35.86 6.99 0.25

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