(VTEB) Vanguard Tax-Exempt Bond ETF
About this fund
Fund objectives
Vanguard Tax-Exempt Bond ETF seeks to track the performance of a benchmark index that measures the investment-grade segment of the U.S. municipal bond market.
Why this fund
- Seeks to track the performance of the S&P National AMT-Free Municipal Bond Index.
- Broadly diversified exposure to investment-grade U.S. municipal bond market.
- Passively managed using index sampling.
- Intermediate-duration portfolio.
- Provides moderate current income with high credit quality.
With respect to 75% of its total assets, the fund may not: (1) purchase more than 10% of the outstanding voting securities of any one issuer or (2) purchase securities of any issuer if, as a result, more than 5% of the fund’s total assets would be invested in that issuer’s securities; except as may be necessary to approximate the composition of its target index. This limitation does not apply to obligations of the U.S. government or its agencies or instrumentalities.
Fund facts
The value of investments, and the income from them, may fall or rise and investors may get back less than they invested.
Performance
Risk and Volatility
As at Sep 30 2026
Please note Beta and R-squared data will only display for funds with 3 full years of history.
The value of investments, and the income from them, may fall or rise and investors may get back less than they invested.
Portfolio data
Characteristics
| Fundamentals | Fund | Benchmark | As at |
|---|---|---|---|
| Number of bonds | 11,154 | 16556 | Sep 30 2026 |
| YTM (Yield to Maturity) effective | 4.9% | 4.6% | Sep 30 2026 |
| Average Duration | 7.3 Years | 6.9 Years | Sep 30 2026 |
| Average maturity | 5.4 Years | 5.3 Years | Jan 31 2021 |
| Cash Investment | 0.7% | — | Sep 30 2026 |
Market allocation
As at Sep 30 2026
| Country | Region | Fund | Benchmark | Variance +/- |
|---|
Distribution by credit quality (% of funds)
As at Sep 30 2026
| Credit Rating | Fund |
|---|---|
| AAA | 18.78% |
| AA | 61.25% |
| A | 16.73% |
| BBB | 1.79% |
| BB | 0.09% |
| 0.00% | |
| Not Rated | 1.35% |
Distribution by credit issuer
As at Sep 30 2026
| Issuers | Fund |
|---|---|
| Asset Backed | 0.00% |
| Utilities | 0.00% |
| Industrial | 0.00% |
| Finance | 0.00% |
| Government Mortgage-Backed | 0.00% |
| Treasury / Agency | 0.44% |
| Other | 99.56% |
| Foreign | 0.00% |
| CMBS | 0.00% |
Distribution by credit maturity
As at Sep 30 2026
| Maturity | Fund |
|---|
Top 10 Holdings
As at Sep 30 2026
| Holding name | % of market value | Market value | Face amount | Coupon/Yield | Maturity date |
|---|---|---|---|---|---|
| State of California | 0.14646% | $76,890,926.30 | 74,905,000 | 5.00% | Aug 01 2028 |
| State of California | 0.13926% | $73,113,846.39 | 70,315,000 | 5.00% | Aug 01 2029 |
| New York State Dormitory Authority | 0.13358% | $70,129,832.97 | 69,035,000 | 5.50% | Jul 01 2054 |
| State of Illinois | 0.12281% | $64,479,336.02 | 63,800,000 | 5.00% | Nov 01 2028 |
| Ohio State University/The | 0.11519% | $60,476,207.42 | 56,200,000 | 5.00% | Jun 01 2035 |
| City of New York NY | 0.10426% | $54,739,567.28 | 51,785,000 | 5.00% | Aug 01 2034 |
| State of Wisconsin | 0.10066% | $52,845,475.00 | 50,000,000 | 5.00% | May 01 2038 |
| State of Wisconsin | 0.09980% | $52,397,396.64 | 49,680,000 | 5.00% | May 01 2038 |
| University of California | 0.09944% | $52,209,624.07 | 48,785,000 | 5.00% | May 15 2036 |
| Illinois State Toll Highway Authority | 0.09673% | $50,783,397.97 | 52,045,000 | 5.00% | Jan 01 2045 |
Prices and distribution
Prices
Historical Prices
-
Inception date
Aug 21 2015
Listing date
Aug 25 2015
| Date | NAV (USD) | Market price (USD) |
|---|---|---|
| Oct 15 2026 | $47.9800 | $47.9600 |
| Oct 14 2026 | $47.5900 | $47.6100 |
| Oct 13 2026 | $47.5700 | $47.6500 |
| Oct 12 2026 | $47.3200 | $47.3800 |
| Oct 09 2026 | $47.2900 | $47.3200 |
| Oct 08 2026 | $47.0100 | $47.1300 |
| Oct 07 2026 | $46.9800 | $47.0600 |
| Oct 06 2026 | $47.2700 | $47.3300 |
| Oct 05 2026 | $47.3300 | $47.3700 |
| Oct 02 2026 | $47.4000 | $47.2500 |
Distribution history
Distribution frequency
Monthly
| Type | Distribution amount (per unit) | Ex-dividend date | Record date | Payment date |
|---|---|---|---|---|
| Income | $0.1372 | Oct 01 2026 | Oct 01 2026 | Oct 05 2026 |
| Income | $0.1434 | Sep 01 2026 | Sep 01 2026 | Sep 03 2026 |
| Income | $0.1415 | Aug 03 2026 | Aug 03 2026 | Aug 05 2026 |
| Income | $0.1420 | Jul 01 2026 | Jul 01 2026 | Jul 06 2026 |
| Income | $0.1381 | Jun 01 2026 | Jun 01 2026 | Jun 03 2026 |
| Income | $0.1423 | May 01 2026 | May 01 2026 | May 05 2026 |
| Income | $0.1415 | Apr 01 2026 | Apr 01 2026 | Apr 06 2026 |
| Income | $0.1487 | Mar 02 2026 | Mar 02 2026 | Mar 04 2026 |
| Income | $0.1398 | Feb 02 2026 | Feb 02 2026 | Feb 04 2026 |
| Income | $0.1417 | Dec 18 2025 | Dec 18 2025 | Dec 22 2025 |
Purchase information
Currencies and stock exchanges
Base currency:USD
Exchanges: New York Stock Exchange Arca
Fund codes
- CUSIP:922907746
- ISIN:US9229077469
- Reuters:VTEB.P
- SEDOL:BYYK4Y5