ETF model portfolios designed for real investor needs. Discover →
Vanguard Tax-Exempt Bond Index ETF
VTEB performance and flow charts
Performance
Flows
Historic performance and flows
Data as of April 23, 2026| 1M | 3M | YTD | 1Y | 3Y | 5Y | |
|---|---|---|---|---|---|---|
| Perf. | +1.27% | +0.68% | +1.14% | +7.49% | +10.17% | +4.58% |
| Flows | +$1.10B | -$360M | +$160M | +$6.56B | +$15.96B | +$31.65B |
Characteristics
The Vanguard Tax-Exempt Bond Index ETF is built to track the S&P National AMT-Free Municipal Bond Total Return Index - USD. This ETF provides physical exposure - by owning its shares you earn the return of the securities composing the index (as the ETF holds them directly). This share class generates a stream of income by distributing dividends.
| Management strategy | Passive |
| Strategy | Long Only |
| Provider | Vanguard |
| N° of holdings | 9934 |
| Replication method | Direct (Physical) |
| Asset class | Fixed Income |
| Dividend policy | Distributing |
Trailing 12m distribution yield | Join for free |
| Inception date | August 21, 2015 |
| ESG | No |
More data and info about VTEB on Trackinsight
Exposure
Data as of March 31, 2026Diversification
Total weight of top 15 holdings out of 9,934
Top 15 Holdings
Sectors
Countries
Maturity
Credit rating
Trading data
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | |
|---|---|---|---|---|
| Volatility | +2.93% | +2.30% | +3.71% | +3.61% |
Max drawdown | -2.65% | -2.65% | -5.47% | -12.68% |
Max drawdown duration | 53d | 53d | 127d | 1231d |
Time to recover | N/A | N/A | 41d | 770d |
Replication quality
Data as of March 31, 2026Create an account to view replication metrics
1 year cumulative return difference | |
|---|---|
| Best | Join for free |
| Worst | Join for free |
| daily return difference | |
|---|---|
| Average | Join for free |
| Worst | Join for free |
What type of ETF is VTEB?
VTEB is a Passive ETF that provides exposure to Fixed Income assets. It is managed by Vanguard.
What index does VTEB track?
VTEB tracks the S&P National AMT-Free Municipal Bond Total Return Index - USD, aiming to replicate its performance through optimized sampling.
What does VTEB invest in?
This ETF provides exposure to US Investment Grade Municipal Bonds. It is part of the segment: Municipal Bonds.
What is the expense ratio of VTEB?
The total expense ratio (TER) of VTEB is 0.03%, representing the annual fee charged by the fund manager.
When was VTEB launched?
VTEB was launched on August 21, 2015, marking its entry into the ETF market.
Who is the issuer of VTEB?
VTEB is issued by Vanguard.
What is the AUM of VTEB?
As of April 23, 2026, VTEB manages $42.82 B, reflecting the total assets held in the fund.
How has VTEB performed recently?
As of April 23, 2026, VTEB delivered a return of 1.27% over the past month (1M performance), 0.68% over the past three months (3M), and 1.14% year-to-date (YTD).
What are the recent fund flows for VTEB?
As of April 23, 2026, VTEB has seen net flows of +$1.10B in the past month (1M flow) and +$160M year-to-date (YTD).
Does VTEB pay dividends?
As of April 23, 2026, VTEB has a trailing 12-month distribution yield of 3.33%.
How many holdings are in VTEB
As of March 31, 2026, VTEB holds 9934 securities in its portfolio. This level of diversification can influence the fund’s risk profile and exposure to individual assets.
How diversified is VTEB?
As of March 31, 2026, VTEB holds 9934 securities, with 1.45% of its assets concentrated in its top 15 holdings.
What are the top holdings of VTEB?
As of March 31, 2026, VTEB holds a portfolio of 9934 underlyings, with its largest positions including US89602HJC25, US19672MDH88 and US65821FLB03. These top holdings play a significant role in shaping the fund’s performance and exposure.
What countries or regions does VTEB invest in?
As of March 31, 2026, VTEB has its largest geographic exposures in USA.
What sectors or themes does VTEB focus on?
As of March 31, 2026, VTEB is primarily exposed to Municipal.
Advantages of ETFs over Mutual Funds1/6
Lower Costs
In this guide, we'll explore the advantages of ETFs over mutual funds, giving you valuable insights into why ETFs have gained significant popularity among investors like yourself.
Leveraged ETFs: Unlocking the Potential for Amplified Returns1/6
Understanding Leveraged ETFs
Explore leveraged ETFs: potential for amplified returns & risks. 5 ETFs to consider across equities, commodities & fixed income.
What is a Leveraged ETF?1/6
Introducing Leveraged and Inverse ETFs
In this guide, we'll dive into the world of leveraged ETFs, exploring their definition, mechanics, potential risks, and rewards.
Recent educational content
Asset TV
The ETF Show - Investors Can Fight Healthcare Inflation with Newly Launched ETFs
Adam Schenck, Principal and Managing Director of Fund Services at Milliman joined The ETF Show to discuss Milliman's first ETFs designed to hedge against rising healthcare inflation.
ETF Trends
ETF Industry KPIs April 20, 2026
The ETF Industry saw 14 New Launches, 1 Ticker Change and 16 closures last week.
Asset TV
The ETF Show - Investors Run to Cash Alternatives as Markets Remain Volatile
Jason England, Portfolio Manager and Fixed Income Strategist from Simplify joined The ETF Show to discuss investor allocations to fixed income as markets continue on their rollercoaster ride.
ETF Trends
ETF Industry KPIs March 30, 2026
The ETF Industry saw 33 New Launches, 1 Ticker Change and 9 closures last week.
Browse all educational columns
Calamos Investments Powers the Next Phase of the Autocallable Revolution
Join J.P. Morgan’s Bram Kaplan, Head of Americas Equity Derivatives Strategy and Matt Kaufman from Calamos Investments as they dive into the growing global opportunity in autocallable income—an increasingly dominant strategy within structured products, now available through ETFs.
Accepted for 1 CE Credit
