Vanguard Tax-Exempt Bond ETF (VTEB)
ETF · Municipal Bond · Vanguard · Data as of 2026-10-22
Bottom line
VTEB is a Vanguard fund that holds bonds, for 0.03% a year. Over the past year its price fell 4.2%, 18.0 points behind the S&P 500. With payouts reinvested, it returned −0.9%. It pays about 3.5% a year, monthly. Past returns are not a guarantee of future results.
Fund facts
Fee: 0.03% a year
Assets: $52.4B
Holdings: 2
Payouts, past 12 months: 3.51%
Past year
-4.25% price · -0.94% with payouts
About the fund
This index-tracking fund aims to mirror the performance of a specific benchmark, the Standard & Poor's National AMT-Free Municipal Bond Index, which represents the investment-grade segment of the U.S. municipal bond market. It achieves this by employing a sampling strategy, carefully selecting a portion of the index's holdings to replicate its overall characteristics. A minimum of 80% of its assets will be invested in securities included in this target index. Crucially, under typical market conditions, at least 80% of the fund's portfolio will consist of bonds generating income that is exempt from both federal income tax and the federal alternative minimum tax (AMT). A primary risk is its sensitivity to interest rate fluctuations: rising rates can lead to a decrease in bond prices, while falling rates may eventually reduce the income distributed by the fund. This fund is designed for investors seeking potentially tax-free federal income who are comfortable with moderate swings in both investment value and distributed income. To maintain diversification, for 75% of its total assets, the fund generally restricts its holdings: it won't acquire more than 10% of an issuer's voting securities, nor will it invest more than 5% of its total assets in a single issuer's securities. Exceptions to these limits apply when necessary to match the target index's composition or when investing in U.S. government or agency obligations.
Related funds
- Vanguard Total Bond Market ETF (BND)
- iShares Core U.S. Aggregate Bond ETF (AGG)
- Vanguard Total International Bond ETF (BNDX)
- Vanguard Short-Term Inflation-Protected Securities ETF (VTIP)
- Vanguard Short-Term Bond ETF (BSV)
- Vanguard Intermediate-Term Corporate Bond ETF (VCIT)
- iShares National Muni Bond ETF (MUB)
- Vanguard Short-Term Corporate Bond ETF (VCSH)
一句话结论
VTEB 是 Vanguard 旗下持有债券的基金，年费率 0.03%。过去一年价格下跌 4.2%，落后标普 500 18.0 个百分点。计入再投资的派息后，回报为 −0.9%。每年派息约 3.5%，按月派发。过往表现并不能保证未来的结果。
UnderTheLight 用直白的语言解释股票——估值、价格区间与资金流向。它只描述数据，不构成任何投资建议。
UnderTheLight explains stocks in plain English — valuation, price zones and money flow as traffic lights, recomputed nightly. It describes data; it is not investment advice and never recommends a trade.