Vanguard Tax-Exempt Bond Index Fund

VTEB

Market cap $39.5B

Overview Fund Activity

50.12 USD

0.00

0%

At close Updated Sep 15, 4:00 PM EDT

1 day

0%

5 days

0.82%

1 month

2.52%

3 months

2.68%

6 months

0.68%

Year to date

-0.16%

1 year

-1.82%

5 years

-7.94%

10 years

0.93%

0

Funds holding %

of 7,463 funds

–

Analysts bullish %

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

97% more call options, than puts

Call options by funds: $6.08M | Put options by funds: $3.08M

6% more capital invested

Capital invested by funds: $26.5B [Q1] → $28.1B (+$1.61B) [Q2]

4.14% more ownership

Funds ownership: 74.36% [Q1] → 78.5% (+4.14%) [Q2]

8% more repeat investments, than reductions

Existing positions increased: 495 | Existing positions reduced: 457

2% less first-time investments, than exits

New positions opened: 100 | Existing positions closed: 102

1% less funds holding

Funds holding: 1,206 [Q1] → 1,188 (-18) [Q2]

13% less funds holding in top 10

Funds holding in top 10: 102 [Q1] → 89 (-13) [Q2]

See Fund Rankings

Financial journalist opinion

MUB Vs. VTEB: Do Not Miss VTEB's Buy Window Before Interest Rate Cuts

I rate both MUB and VTEB as buys, expecting capital appreciation from anticipated rate cuts to 3.25–3.5% by Q1 2026. VTEB's longer maturity profile positions it for higher performance as rates decline, making it my preferred pick for this rate-cut thesis. Both ETFs offer high credit quality, strong liquidity, and diversification, but recent returns have been weak due to delayed rate cuts.

MUB Vs. VTEB: Do Not Miss VTEB's Buy Window Before Interest Rate Cuts

2 ETF Options as Muni & Corporate Bonds See Global Appeal

Muni and corporate bonds trading activity has been reaching record levels through the first half of 2025 at the Intercontinental Exchange (ICE). This certainly speaks to the attractiveness of both, which offer yield and strong fundamentals in the current market landscape.

2 ETF Options as Muni & Corporate Bonds See Global Appeal

2 ETF Options as Munis Offer Insulation From Tariff Contagion

Lauded for their yield, credit quality, and of course, their federal tax-free income, municipal bond benefits are also extending into the containment of tariff contagion. A pair of funds that income investors should consider are the Vanguard Tax-Exempt Bond ETF (VTEB) and the Vanguard Core Tax-Exempt Bond ETF (VCRM).

2 ETF Options as Munis Offer Insulation From Tariff Contagion

As Congress Mulls Muni Tax Repeal, Here's 8 ETFs to Ponder

The tax exempt status of municipal bonds could be in jeopardy as Congress mulls over whether to tax the income from these debt issues. In the meantime, Vanguard has eight ETFs to contemplate when looking to attain muni exposure.

As Congress Mulls Muni Tax Repeal, Here's 8 ETFs to Ponder

What June's ETF Trends Tell Us

Advisors and investors showed strong interest in actively managed ETFs and municipal bond products in June according to VettaFi sentiment. While industrywide flows strong support the former, we think the latter is similarly compelling.

What June's ETF Trends Tell Us

VTEB Provides Diversification For Income Seekers

Vanguard Tax-Exempt Bond ETF offers diversified, tax-exempt income with a focus on high-quality, long-duration municipal bonds, appealing to high-net-worth investors seeking stability. The fund's low expense ratio and large asset base provide liquidity and cost efficiency, but total returns and distributions lag peer ETFs. Geographical concentration in New York, California, and Texas introduces some credit and weather-related risks, though overall credit quality remains high.

VTEB Provides Diversification For Income Seekers

Why Smart Money Is Spreading Out: ETF Flows Signal Surge In Portfolio Diversification

Even with the world on edge, with rising geopolitical tensions, uncertain interest rate moves and tech stocks showing some mood swings, ETF investors aren't running scared. They're doing something smarter: diversifying their bets.

Why Smart Money Is Spreading Out: ETF Flows Signal Surge In Portfolio Diversification

Zacks Investment Research

5 ETFs That Gained Investors' Love Last Week

VOO, SPY, IWM, BND and VTEB led ETF inflows last week as investors poured $22.7B into diverse fund categories.

5 ETFs That Gained Investors' Love Last Week

An Easy Way to Get Muni Exposure as Issuance Rose in May

According to Bond Buyer, municipal bond issuance grew in the month of May by 3.6% versus a year ago. It creates an opportunity for fixed income investors to get exposure if they haven't already via a fund like the Vanguard Tax-Exempt Bond ETF (VTEB).

An Easy Way to Get Muni Exposure as Issuance Rose in May

Potential Opportunities Available in the Muni Bond Market

There could be a silver lining in the volatile clouds hovering above the bond markets. Investors may want to give municipal bonds a closer look given their sound fundamentals.

Potential Opportunities Available in the Muni Bond Market

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