VanguardMuni National IntermediateVTEB · NYSE Arca

Vanguard Tax-Exempt Bond ETF (VTEB)

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Price: $48.43; —11 Sept 2026
Assets: $49.1B; Total net assets
Expense ratio: 0.03%; Category 0.62%
Yield: 3.44%; Trailing distributions

1Y return: 0.2%-0.4%; Category 0.5%
3Y CAGR: 2.8%-0.4%; Category 3.1%
5Y CAGR: 0.2%-0.1%; Category 0.4%

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Vanguard Tax-Exempt Bond ETF

Calendar-year returns

Fund only: no comparison series covers this fund's history.

Risk statistics

Five years of daily closes. Risk-free rate 4% a year.

Standard deviation: —
Maximum drawdown: —
Sharpe ratio: —
Sortino ratio: —
Beta: —
Alpha: —
R²: —
Information ratio: —
Upside capture: —
Downside capture: —
Tracking error: —

Trailing returns compared with benchmark
Period	1M	3M	6M	YTD	1Y	3YCAGR	5YCAGR	10YCAGR	LaunchCAGR
ETF	-2.5%	-2.9%	-2.2%	-1.5%	+0.2%	+2.8%	+0.2%	+1.7%	+2.1%
Muni National Intermediate average	-2.3%	-2.5%	-1.9%	-1.0%	0.5%	3.1%	0.4%	1.7%	1.6%
Difference	-0.3%	-0.4%	-0.3%	-0.5%	-0.4%	-0.4%	-0.1%	0.0%	+0.4%

Holdings

Allocation as last published by the fund.

Credit quality

Share of the bonds by rating.

AAA18.6%
AA61.4%
A17.3%
BBB1.9%
BB0.1%
Below B0.0%
Other0.8%

Asset mix

Bonds98.7%
Cash1.3%
Stocks0.0%

ETF details

Issuer: Vanguard
Category: Fixed Income · Muni National Intermediate
Ticker: VTEB
Exchange: NYSE Arca
Inception: 21 Aug 2015 (11.1 years)
Structure: Exchange Traded Fund
Expense ratio: 0.03% (category 0.62%)
Holdings turnover: 23% (category 43%)
Distribution yield: 3.44%
Beta, 3 years: 0.96
Total net assets: $49.1B
Average maturity: 10.20 years

Prices and returns as of 11 Sept 2026; total return with distributions reinvested, before brokerage and taxes. Not investment advice.

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