VTEBVanguard Tax-Exempt Bond Index Fund ETF Shares
Tracks the performance of the S&P National AMT-Free Municipal Bond Index.
By Vanguard · Launched 2015
Annual Cost
0.03%
#40 of 5,861 · low cost
Fund Size
$48.8B
#65 of 5,861 · large
Dividend YieldGoal
3.34%
Track Record
10 years
#1,313 of 5,861 · established
Performance
Total-return NAV · USDGrowth of $10,000
$10,389+3.9%
Total-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundAsset class
Fixed incomeRegion
North americaStrategy
Index tracking
Index tracked
S&P National AMT-Free Municipal Bond Index
What it actually holds
By weightConcentration
Top 10 holdings = 2.0% of fund✓ well diversified
Vanguard Cmt Funds-Vanguard Municipal Cash Management Fund
1.2%
University of California
0.1%
Triborough Bridge & Tunnel Authority
0.1%
Colorado State Education Loan Program
0.1%
State of California
0.1%
New York City Transitional Finance Authority Future Tax Secured Revenue
0.1%
Dallas Independent School District
0.1%
Ohio Water Development Authority Water Pollution Control Loan Fund
0.1%
New York State Dormitory Authority
0.1%
New York State Dormitory Authority
0.1%
Asset allocation
Bonds
98.4%
Cash
1.6%
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsVolatility (1Y)
2.8%Low
Year-on-year price swings
Max drawdown
-16.3%Moderate
Worst peak-to-trough loss
Sharpe (3Y)
-0.23Below average
Sortino (3Y)
-0.30Moderate downside risk
Bond profile
Avg maturity
10.4 years
Credit ratings
AAA
18.6%
AA
61.3%
A
17.1%
BBB
1.9%
BB
0.1%
Other
1.1%
Listing
- Exchange
- NYSE Arca
Full fund details
- Objective
- Tracks the performance of the S&P National AMT-Free Municipal Bond Index.
- Strategy
- Employs an indexing investment approach to track the S&P National AMT-Free Municipal Bond Index, which includes investment-grade municipal bonds exempt from U.S. federal income taxes. Invests at least 80% of net assets in bonds that make up the Target Index, using sampling to approximate its characteristics.
- Inception date
- August 21, 2015
- Fund family
- Vanguard
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Data updated on 2026-08-04