VTEIVanguard Intermediate-Term Tax-Exempt Bond ETF
Tracks the performance of the S&P Intermediate Term National AMT-Free Municipal Bond Index.
By Vanguard · Launched 2024
Annual Cost
0.08%
#275 of 5,861 · low cost
Fund Size
$1.5B
#899 of 5,861 · large
Dividend YieldGoal
3.04%
Track Record
2 years
#3,335 of 5,861 · seasoned
Performance
Total-return NAV · USDGrowth of $10,000
$10,419+4.2%
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 Intermediate Term National AMT-Free Municipal Bond Index
What it actually holds
By weightConcentration
Top 10 holdings = 3.1% of fund✓ well diversified
Vanguard Cmt Funds-Vanguard Municipal Cash Management Fund
1.6%
New York State Dormitory Authority
0.2%
Bay Area Toll Authority
0.2%
New Jersey Educational Facilities Authority
0.2%
State of Connecticut Special Tax Revenue
0.2%
Houston Independent School District
0.1%
State of Wisconsin
0.1%
New York State Dormitory Authority
0.1%
Hudson Yards Infrastructure Corp
0.1%
New York City Transitional Finance Authority Future Tax Secured Revenue
0.1%
Asset allocation
Bonds
98.8%
Cash
1.2%
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsVolatility (1Y)
2.5%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
10.6 years
Credit ratings
AAA
19.6%
AA
62.4%
A
16.1%
BBB
1.0%
Other
0.9%
Listing
- Exchange
- Cboe BZX
Full fund details
- Objective
- Tracks the performance of the S&P Intermediate Term National AMT-Free Municipal Bond Index.
- Strategy
- Employs an indexing investment approach to track the S&P Intermediate Term National AMT-Free Municipal Bond Index, investing at least 80% of net assets in investment-grade U.S. municipal bonds with maturities between one month and 20 years. Aims for a dollar-weighted average maturity of 3 to 10 years, maintaining tax-exempt income.
- Inception date
- January 29, 2024
- Fund family
- Vanguard
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Data updated on 2026-08-04