VTELVanguard Long-Term Tax-Exempt Bond ETF Shares
Tracks the performance of the S&P 10+ Year National AMT-Free Municipal Bond Index.
By Vanguard · Launched 2025
Annual Cost
0.09%
#343 of 5,854 · low cost
Fund Size
$288M
#2,036 of 5,854 · mid-size
Dividend YieldGoal
3.78%
Track Record
1 year
#4,312 of 5,854 · young
Performance
Total-return NAV · USDGrowth of $10,000
$10,725+7.3%
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 10+ Year National AMT-Free Municipal Bond Index
What it actually holds
By weightConcentration
Top 10 holdings = 1.6% of fund✓ well diversified
Vanguard Cmt Funds-Vanguard Municipal Cash Management Fund
0.3%
State of California
0.2%
New York State Dormitory Authority
0.2%
State of California
0.2%
Metropolitan Transportation Authority
0.1%
California Educational Facilities Authority
0.1%
Colorado Educational & Cultural Facilities Authority
0.1%
Los Angeles Department of Water & Power
0.1%
New York State Dormitory Authority
0.1%
Battery Park City Authority
0.1%
Asset allocation
Bonds
100.5%
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsVolatility (1Y)
3.8%Low
Year-on-year price swings
Max drawdown
-3.2%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
10.2 years
Credit ratings
AAA
17.7%
AA
61.5%
A
18.2%
BBB
2.6%
BB
0.1%
Other
0.1%
Listing
- Exchange
- Cboe BZX
Full fund details
- Objective
- Tracks the performance of the S&P 10+ Year National AMT-Free Municipal Bond Index.
- Strategy
- Invests primarily in investment-grade U.S. municipal bonds with maturities greater than 10 years, using an indexing approach to sample the Target Index. Maintains a dollar-weighted average maturity consistent with the Target Index, which is expected to be greater than 10 years.
- Inception date
- May 20, 2025
- Fund family
- Vanguard
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Data updated on 2026-08-03