VTEBVanguard Tax-Exempt Bond Index Fund ETF Shares

Get income10y track recordRanked #29 of 1,622 in this goal

Seeks to track the performance of a benchmark index that measures the investment-grade segment of the U.S. municipal bond market.

By Vanguard · Launched 2015

Annual Cost

0.03%

#190 of 5,562 · low cost

Fund Size

$47.6B

#68 of 5,562 · large

Dividend YieldGoal

3.35%

Track Record

10 years

#1,334 of 5,562 · established

Performance

Total-return NAV · USD

Growth of $10,000

$10,531+5.3%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Fixed income

Region

North america

Strategy

Index tracking

Index tracked

S&P National AMT-Free Municipal Bond Index

What it actually holds

By weight

Concentration

Top 10 holdings = 1.9% of fund✓ well diversified

Vanguard Cmt Funds-Vanguard Municipal Cash Management Fund

0.9%

City of New York NY

0.1%

University of California

0.1%

State of Maryland

0.1%

Triborough Bridge & Tunnel Authority

0.1%

South Carolina Association of Governmental Organizations

0.1%

State of California

0.1%

Colorado State Education Loan Program

0.1%

New York City Transitional Finance Authority Future Tax Secured Revenue

0.1%

Pennsylvania Higher Educational Facilities Authority

0.1%

Asset allocation

Bonds

97.9%

Cash

2.1%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years

Volatility (1Y)

2.7%Low

Year-on-year price swings

Max drawdown

-17.0%Moderate

Worst peak-to-trough loss

Sharpe (3Y)

-0.01Below average

Sortino (3Y)

-0.01Moderate downside risk

Bond profile

Avg maturity

10.3 years

Credit ratings

AAA

18.1%

60.7%

17.8%

BBB

1.9%

0.0%

Other

1.4%

Where to buy

Listing

Exchange: NYSE Arca

Full fund details

Objective: Seeks to track the performance of a benchmark index that measures the investment-grade segment of the U.S. municipal bond market.
Strategy: Invests primarily in bonds that make up the S&P National AMT-Free Municipal Bond Index, which includes investment-grade municipal bonds exempt from federal income taxes. Uses sampling to approximate the full index in terms of key risk factors and characteristics.
Inception date: August 21, 2015
Fund family: Vanguard