VanguardMuni National IntermediateVTEB · NYSE Arca

Vanguard Tax-Exempt Bond ETF (VTEB)

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Price: $48.88; —30 Oct 2026
Assets: $51.7B; Total net assets
Expense ratio: 0.03%; Category 0.62%
Yield: 3.60%; Trailing distributions

1Y return: 0.1%-0.3%; Category 0.4%
3Y CAGR: 4.4%-0.1%; Category 4.5%
5Y CAGR: 0.6%-0.2%; Category 0.8%

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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	+3.5%	-0.6%	-1.2%	-0.3%	+0.1%	+4.4%	+0.6%	+1.9%	+2.2%
Muni National Intermediate average	3.4%	-0.5%	-0.9%	-0.1%	0.4%	4.5%	0.8%	1.9%	2.1%
Difference	+0.1%	-0.1%	-0.2%	-0.2%	-0.3%	-0.1%	-0.2%	0.0%	0.0%

Holdings

Allocation as last published by the fund.

Credit quality

Share of the bonds by rating.

AAA18.8%
AA61.3%
A16.7%
BBB1.8%
BB0.1%
Below B0.0%
Other1.4%

Asset mix

Bonds98.4%
Cash1.6%
Stocks0.0%

ETF details

Issuer: Vanguard
Category: Fixed Income · Muni National Intermediate
Ticker: VTEB
Exchange: NYSE Arca
Inception: 21 Aug 2015 (11.2 years)
Structure: Exchange Traded Fund
Expense ratio: 0.03% (category 0.62%)
Holdings turnover: 23% (category 43%)
Distribution yield: 3.60%
Beta, 3 years: 0.95
Total net assets: $51.7B
Average duration: 4.75 years
Average maturity: 9.76 years

Prices and returns as of 30 Oct 2026; total return with distributions reinvested, before brokerage and taxes. Not investment advice.

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