VTEB

Vanguard Tax-Exempt Bond ETF
A

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*Unless otherwise stated, data provided by FactSet.

VTEB Fund Description

VTEB 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 to the muni bond space. The fund 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. VTEB's liquidity is excellent, if not quite on par with MUB's massive volume and thin spreads. Block traders confront the same hurdles to efficient execution that any muni ETF poses. Overall, VTEB offers reasonable coverage with some of the lowest holding costs in the space.

VTEB CHARTS AND PERFORMANCE

Price Chart ($)
Total Return Chart (%)
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
COMPARE
RESET
Select ETFs to compare their performance:
PERFORMANCE [as of 07/18/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
VTEB 0.71% 2.95% 5.42% 6.67% 2.60% -- --
VTEB (NAV) 0.71% 2.92% 5.65% 6.59% 2.62% -- --
S&P National AMT-Free Municipal Bond 0.69% 2.90% 5.58% 6.56% 2.65% 3.60% --
Barclays Municipal Bond 0.71% 2.86% 5.63% 6.83% 2.78% 3.74% 4.65%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

VTEB Top 10 Countries

VTEB Top 10 Sectors

VTEB Top 10 Holdings [View All]

VTEB Summary Data

Vanguard
08/21/15
Open-Ended Fund
0.08%
$5.33B
$23.13M
0.02%

VTEB Portfolio Data

5.38
--
2.99%
02/01/17
62

VTEB Index Data

S&P National AMT-Free Municipal Bond
Market Value
AMT-Free
Barclays Municipal Bond

VTEB Portfolio Management

0.08%
-0.05%
0.05%
-0.17%

VTEB Tax Exposures

20.00% / 39.60%
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Ordinary income
No

VTEB Fund Structure

Open-Ended Fund
No
No
100% / 0%
N/A
N/A
Low
Monthly
Cboe Book Viewer
TOP OF BOOK
LAST 10 TRADES
Bats BZX Real-time Quote -
Daily Spread
Premium/Discount
Volume

VTEB Factset Analytics Block Liquidity

As of 07/19/19
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

437,035
$23.13M
415,951
$21.96M
0.02%
$0.01
0.04%
0.28% / -0.22%
None
100.00%
50,000
8.32
0.00%
--
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$53.17
N/A

VTEB Sector/Industry Breakdown


VTEB
Segment Benchmark
65.92%
--
32.32%
--
1.76%
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VTEB Top 10 Holdings[View All]

0.65%
0.20%
0.15%
0.10%
0.09%
0.09%
0.09%
0.08%
0.08%
0.06%
1.59%

VTEB Top 5 Countries


VTEB
Segment Benchmark
100.00%
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VTEB Top 5 Currencies


VTEB
Segment Benchmark
100.00%
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VTEB Performance Statistics

0.91
0.89
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VTEB HOLDINGS STATISTICS

6.40 years
5.38
2.99%
5.40
Low
62
0.43%

VTEB AVG LIFE MATURITY DISTRIBUTION

6.43%
7.44%
8.53%
23.09%
1.26%
1.45%
5.65%

VTEB OAS BREAKDOWN

6.83%
0.03%
0.00%
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