VanguardMuni National LongVTEL · Cboe BZX

Vanguard Long-Term Tax-Exempt Bond ETF (VTEL)

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Price: $98.69; —11 Sept 2026
Assets: $366.2M; Total net assets
Expense ratio: 0.09%; Category 0.75%
Yield: 3.86%; Trailing distributions

1Y return: -0.1%-0.5%; Category 0.4%
3Y CAGR: —; Category 3.6%
5Y CAGR: —; Category -1.0%

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Vanguard Long-Term 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	-3.6%	-4.1%	-2.8%	-2.3%	-0.1%	—	—	—	+3.2%
Muni National Long average	-3.0%	-3.4%	-2.2%	-1.3%	0.4%	3.6%	-1.0%	1.3%	2.0%
Difference	-0.6%	-0.7%	-0.6%	-1.0%	-0.5%	—	—	—	+1.2%

Holdings

Allocation as last published by the fund.

Credit quality

Share of the bonds by rating.

AAA17.8%
AA60.8%
A18.4%
BBB2.6%
BB0.1%
Other0.5%

Asset mix

Bonds99.7%
Cash0.3%

ETF details

Issuer: Vanguard
Category: Fixed Income · Muni National Long
Ticker: VTEL
Exchange: Cboe BZX
Inception: 20 May 2025 (1.3 years)
Structure: Exchange Traded Fund
Expense ratio: 0.09% (category 0.75%)
Holdings turnover: 5% (category 32%)
Distribution yield: 3.86%
Beta, 3 years: 0.00
Total net assets: $366.2M
Average maturity: 10.00 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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