VTEB Vanguard Tax-Exempt Bond ETF
Quote as of Aug 26, 2026 20:00 UTC · Market data delayed approximately 15–20 minutes unless otherwise indicated.
| Previous Close | 49.58 | Day Range | 49.50 – 49.63 |
| 52-Week Range | 48.76 – 51.18 | Volume | 5.63M |
| Avg Volume | 7.15M | AUM | $48.60B (Aug 27, 2026) |
| Expense Ratio | 0.03% | Yield (TTM) | 3.43% |
| NAV | 49.51 | Premium/Discount | 0.00% indicative |
| Inception | Aug 21, 2015 | Holdings | 2 |
| Issuer | Vanguard | Exchange | AMEX |
| Category | Municipal Bonds | Index Tracked | Not stated in source data |
| CUSIP | 922907746 | ISIN | US9229077469 |
| Management | Not stated in source data | ||
About this ETF
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.
Description from the fund data provider · profile as of Aug 27, 2026.
Price Chart
Daily closing prices (price return, not total return). Comparison lines are normalized to percent change from the range start. Source: Financial Modeling Prep.
Performance
| 1M | 3M | 6M | YTD | 1Y | 3Y* | 5Y* | 10Y* | Incep.* | |
|---|---|---|---|---|---|---|---|---|---|
| Price return | -0.36% | -1.39% | -3.04% | -1.55% | +1.10% | +0.16% | -2.16% | -0.60% | -0.10% |
| Total return | -0.08% | -0.56% | -1.37% | +0.41% | +4.58% | +3.44% | +0.61% | +1.80% | +2.24% |
* Annualized. Total return uses the dividend-adjusted price series (distributions reinvested); price return uses unadjusted closes. Performance through Aug 26, 2026. Past performance does not guarantee future results.
Fees
| Net expense ratio | 0.03% | Annual cost of a $10,000 investment | $3.00 |
Illustrative calculation only: expense ratio × $10,000. It excludes trading costs, bid/ask spreads, taxes and changes in investment value. Gross vs. net expense details and any fee waivers are in the prospectus.
Holdings
Holdings as of Aug 26, 2026 — portfolio reporting date from the data provider; holdings are not live positions. 3000 rows in database.
| # | Holding | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|---|
| 1 | Vanguard Municipal Low Duration Fund 12/31/2049 | — | 0.50% | 2.43B | $242.5M |
| 2 | City of New York NY 5.00% 08/01/2034 | — | 0.12% | 517.85K | $57.0M |
| 3 | University of California 5.00% 05/15/2036 | — | 0.11% | 472.45K | $53.7M |
| 4 | State of Idaho 4.00% 06/30/2027 | — | 0.10% | 500.00K | $50.6M |
| 5 | State of California 5.25% 08/01/2032 | — | 0.10% | 439.00K | $48.7M |
| 6 | State of Maryland 5.00% 06/01/2038 | — | 0.09% | 408.90K | $45.5M |
| 7 | New York State Thruway Authority 5.00%… | — | 0.09% | 392.35K | $43.8M |
| 8 | Triborough Bridge & Tunnel Authority 5.00%… | — | 0.09% | 400.00K | $41.3M |
| 9 | New York State Thruway Authority 5.00%… | — | 0.08% | 362.75K | $40.4M |
| 10 | Dallas Independent School District 5.00%… | — | 0.08% | 376.60K | $39.8M |
| 11 | Ohio Water Development Authority Water… | — | 0.08% | 348.50K | $39.2M |
| 12 | Energy Northwest 5.00% 07/01/2034 | — | 0.08% | 348.05K | $38.9M |
| 13 | New York State Dormitory Authority 5.50%… | — | 0.08% | 356.10K | $38.0M |
| 14 | New Jersey Turnpike Authority 5.00% 01/01/2054 | — | 0.08% | 345.00K | $38.0M |
| 15 | New Jersey Turnpike Authority 5.00% 01/01/2032 | — | 0.08% | 345.10K | $37.8M |
| 16 | State of Illinois 5.00% 11/01/2027 | — | 0.08% | 367.35K | $37.7M |
| 17 | Energy Northwest 5.00% 07/01/2041 | — | 0.08% | 344.30K | $37.3M |
| 18 | Kentucky State Property & Building Commission… | — | 0.08% | 359.40K | $37.2M |
| 19 | Metropolitan Government of Nashville & Davidson… | — | 0.08% | 336.65K | $37.0M |
| 20 | State of Illinois 5.00% 11/01/2029 | — | 0.08% | 360.75K | $36.9M |
| 21 | Ohio State University/The 5.00% 06/01/2035 | — | 0.08% | 327.30K | $36.8M |
| 22 | New Jersey Health Care Facilities Financing… | — | 0.08% | 365.00K | $36.5M |
| 23 | New York State Thruway Authority 5.00%… | — | 0.07% | 331.55K | $35.8M |
| 24 | Salt River Project Agricultural Improvement &… | — | 0.07% | 337.75K | $35.5M |
| 25 | New York City Transitional Finance Authority… | — | 0.07% | 318.55K | $35.4M |
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Sector Exposure
Geographic Exposure
Country weights as reported by the data provider. Developed/emerging/frontier labels follow the classification on the Methodology page. Currency hedged: No hedging indicated in the fund name.
Distributions
| Yield (TTM) | 3.43% | Paid (last 12 months) | $1.6981 |
| Frequency | Monthly | SEC yield | Not provided by our data source — see the issuer page |
| Last ex-date | Aug 03, 2026 | Last payment | $0.1415 (Aug 05, 2026) |
| Growth 1Y | +5.26% | Growth 3Y / 5Y (ann.) | +9.07% / +11.74% |
| Ex-date | Record | Pay date | Amount |
|---|---|---|---|
| Aug 03, 2026 | Aug 03, 2026 | Aug 05, 2026 | $0.1415 |
| Jul 01, 2026 | Jul 01, 2026 | Jul 06, 2026 | $0.1420 |
| Jun 01, 2026 | Jun 01, 2026 | Jun 03, 2026 | $0.1381 |
| May 01, 2026 | May 01, 2026 | May 05, 2026 | $0.1423 |
| Apr 01, 2026 | Apr 01, 2026 | Apr 06, 2026 | $0.1415 |
| Mar 02, 2026 | Mar 02, 2026 | Mar 04, 2026 | $0.1487 |
| Feb 02, 2026 | Feb 02, 2026 | Feb 04, 2026 | $0.1398 |
| Dec 18, 2025 | Dec 18, 2025 | Dec 22, 2025 | $0.1417 |
| Dec 01, 2025 | Dec 01, 2025 | Dec 03, 2025 | $0.1419 |
| Nov 03, 2025 | Nov 03, 2025 | Nov 05, 2025 | $0.1398 |
| Oct 01, 2025 | Oct 01, 2025 | Oct 03, 2025 | $0.1421 |
| Sep 02, 2025 | Sep 02, 2025 | Sep 04, 2025 | $0.1387 |
Trailing distribution yield = last 12 months of cash ÷ current price. It is NOT the SEC 30-day yield and distributions are not guaranteed to continue. The difference explained →
Risk Statistics
| Volatility 1Y / 3Y | 2.81% / 3.95% | Sharpe 1Y / 3Y | 0.333 / -0.043 |
| Max drawdown 1Y / 3Y | -2.72% / -4.74% | Sortino 1Y | 0.473 |
| Beta vs S&P 500 (3Y) | 0.052 | Correlation vs S&P 500 (1Y) | 0.342 |
| Downside deviation 1Y | 1.98% | Risk-free rate used | 3.71% (3M T-bill, FRED) |
Computed by ETF Explorer from daily dividend-adjusted closes; volatility and drawdown are annualized/period figures; S&P 500 exposure proxied by SPY. As of Aug 27, 2026. Formulas →
Liquidity
| Volume today | 5.63M | Average volume | 7.15M |
| AUM | $48.60B | Premium/Discount | 0.00% |
| Bid/Ask spread | Not provided by our data source. Check your broker's quote screen; spreads are widest at the open and close. | ||
Premium/discount compares the delayed market price with the last reported NAV — an indicative figure, not the official closing premium/discount. How ETF liquidity works →
Fund Flows (estimated)
| Period | Est. net flow | % of starting AUM | AUM start → end |
|---|---|---|---|
| 1 Day | $0.00 | 0.00% | $48.60B → $48.60B |
| 1 Week | $58.8M | +0.12% | $48.60B → $48.60B |
ETF Explorer estimate: change in reported AUM minus the market-move effect, from our own daily snapshots. Not official issuer creation/redemption data.
Official Fund Resources
External links open the issuer's site or SEC EDGAR in a new tab. The prospectus and official documents are always the authoritative source — review them before investing.
Latest News for VTEB
Guided help: AUM is fund size. The expense ratio is the yearly cost baked into returns. NAV is the value of what the fund owns per share; the market price can sit slightly above (premium) or below (discount) it. Total return assumes distributions were reinvested. Every dataset shows its own as-of date because holdings, assets and quotes update on different schedules.