VTEB

Vanguard Tax-Exempt Bond ETF
B

85
  • Overview
  • Efficiency
  • Tradability
  • Fit

VTEB Fund Description

The Vanguard Tax-Exempt Bond ETF tracks a market-weighted index of investment-grade debt issued by state and local governments and agencies. Interest is exempt from US income tax and from AMT.

VTEB Factset Analytics Insight

VTEB brings a low fee and the Vanguard brand but little else new to the investment-grade muni space. Launched in August 2015, the ETF charges a much lower fee than peer funds, including that of direct rival MUB from iShares, which tracks the same S&P index. The index offers broad, well-diversified exposure to the muni space even if it doesn’t perfectly Fit our Barclays benchmark. Potential investors into VTEB have a clear proxy for performance in MUB dating back to 2007. While the low fee may entice investors, VTEB has far to go to match MUB’s excellent ETF share liquidity. (Underlying liquidity in the muni market is poor). In short, VTEB’s fee advantage could be quickly erased by trading costs. Still, Vanguard’s low-fee offering could become the go-to choice for new money if it attracts adequate trading volume and AUM.

  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
COMPARE
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VTEB Top 10 Countries View All

VTEB Top 10 Sectors

VTEB Top 10 Holdings View All

VTEB Summary Data

Vanguard
08/25/15
Open-Ended Fund
0.09%
$1.95B
$16.14M
0.02%

VTEB Portfolio Data

5.97
15.05Years
2.99%
02/01/17
3040

VTEB Index Data

Market Value
AMT-Free
Barclays Municipal Bond Index

Related ETFs to VTEB

CUMB, MUB, PRB, PZA, TFI
Total Return
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max

VTEB Portfolio Management

0.09%
-0.01%
0.08%
-0.58%

VTEB Tax Exposures

20% / 39.6%
--
Ordinary income
No

VTEB Fund Structure

Open-Ended Fund
No
No
100% / 0%
N/A
N/A
Low
Monthly
Bats Book Viewer
TOP OF BOOK
SHARES/SIZEPRICE
ASKS----
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BIDS----
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LAST 10 TRADES
TIMEPRICESHARES
15:52:4951.49100
15:52:3551.49100
15:39:2551.49100
15:39:2551.49166
15:31:3051.49100
15:31:3051.49100
15:20:4851.50100
15:03:0751.49100
14:44:0351.49100
13:31:0951.50100
Bats BZX Real-time Quote - 23:59:59
Daily Spread
Premium/Discount
Volume

VTEB Factset Analytics Block Liquidity

As of 11/22/17
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of VTEB. VTEB is rated a N/A out of 5.

VTEB Tradability

312,159
$16.14M
253,724
$13.16M
0.02%
$0.01
0.00%
0.38% / -0.24%
None
100%
50,000
5.07
0.00%
--
--
$51.55
N/A

VTEB Performance Statistics

0.93
0.97
1
1
0.04%

VTEB Holdings Statistics

VTEBSegment Benchmark
6.10 5.97
3.03% 2.99%
Low Low
50560 3040

VTEB Maturity Distribution

0.15% 3.22%
8.16% 6.82%
8.81% 6.71%
8.90% 5.61%
13.00% 10.77%
60.99% 66.87%

VTEB Credit Breakdown

13.40% 14.21%
54.36% 56.80%
25.97% 22.82%
5.80% 3.58%
0.00% 0.00%
0.04% 0.00%
0.00% 0.00%
0.00% 0.00%
0.01% 0.00%