VTEIVanguard Intermediate-Term Tax-Exempt Bond ETF

Get income2y track recordRanked #257 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 2024

Annual Cost

0.08%

#408 of 5,562 · low cost

Fund Size

$1.5B

#897 of 5,562 · large

Dividend YieldGoal

3.06%

Track Record

2 years

#3,422 of 5,562 · seasoned

Performance

Total-return NAV · USD

Growth of $10,000

$10,557+5.6%

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 Intermediate Term National AMT-Free Municipal Bond Index

What it actually holds

By weight

Concentration

Top 10 holdings = 2.5% of fund✓ well diversified

Vanguard Cmt Funds-Vanguard Municipal Cash Management Fund

1.0%

University of California

0.2%

New Jersey Educational Facilities Authority

0.2%

State of Connecticut Special Tax Revenue

0.2%

Houston Independent School District

0.2%

State of Wisconsin

0.2%

New York City Transitional Finance Authority Future Tax Secured Revenue

0.2%

Hudson Yards Infrastructure Corp

0.2%

New York City Transitional Finance Authority Future Tax Secured Revenue

0.1%

Commonwealth of Massachusetts

0.1%

Asset allocation

Bonds

97.0%

Cash

3.0%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years

Volatility (1Y)

2.4%Low

Year-on-year price swings

Max drawdown

-3.6%Mild

Worst peak-to-trough loss

Sharpe (3Y)

Unavailable

Needs 3+ years of history

Sortino (3Y)

Not yet

Needs 3+ years of history

Bond profile

Avg maturity

10.5 years

Credit ratings

AAA

19.0%

61.8%

16.5%

BBB

1.0%

Other

1.7%

Where to buy

Listing

Exchange: Cboe BZX

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: Employs an indexing approach to track the S&P Intermediate Term National AMT-Free Municipal Bond Index, which includes investment-grade, fixed-rate U.S. municipal bonds with maturities between one month and 20 years. Invests at least 80% of net assets in bonds of the Target Index.
Inception date: January 29, 2024
Fund family: Vanguard