Symbols

VTEB

Vanguard Tax-Exempt Bond ETF·NYSE

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Key Stats

Assets Under Management

42.85BUSD

Fund Flows (1Y)

6.48BUSD

Dividend Yield

3.28%

Discount/Premium to NAV

-0.06%

Shares Outstanding

855.90M

Expense Ratio

0.03%

About Vanguard Tax-Exempt Bond ETF

Issuer

Vanguard

Brand

Vanguard

Home Page

https://investor.vanguard.com/investment-products/etfs/profile/vteb

Inception Date

Aug 21, 2015

Structure

Open-Ended Fund

Index Tracked

S&P National AMT-Free Municipal Bond Index

Management Style

Passive

Dividend Treatment

Distributes

Distribution Tax Treatment

Ordinary income

Income Tax Type

Capital Gains

Max ST Capital Gains Rate

39.60%

Max LT Capital Gains Rate

20.00%

Primary Advisor

The Vanguard Group, Inc.

Distributor

Vanguard Marketing Corp.

VTEB brings the Vanguard brand to the US muni bond space. The fund competes directly with its rival, MUB from iShares, which tracks the same S&P index. Its underlying index primarily includes municipal bonds issued by state or local governments or agencies whose interest is federal tax-exempt and AMT-free. Securities that have a rating of at least investment grade as determined by an NRSRO, denominated in USD and meeting minimum maturity and size requirement are eligible for index inclusion. As with all Vanguard ETFs, VTEB only discloses its holdings monthly.