Vanguard Tax-Exempt Bond Index Investor
Name
As ofPrice
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
0.0%
1 yr return
4.2%
3 Yr Avg Return
1.7%
5 Yr Avg Return
N/A
Net Assets
$5.45 B
Holdings in Top 10
2.3%
52 WEEK LOW AND HIGH
N/A
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.17%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 22.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$3,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As ofPrice
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
VTEBX - Profile
Distributions
- YTD Total Return 0.0%
- 3 Yr Annualized Total Return 1.7%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 2.19%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameVanguard Tax-Exempt Bond Index Fund
-
Fund Family NameVanguard
-
Inception DateAug 21, 2015
-
Shares OutstandingN/A
-
Share ClassInv
-
CurrencyUSD
-
Domiciled CountryUnited States
Fund Description
The Fund employs an indexing investment approach designed to track the Standard & Poor’s National AMT-Free Municipal Bond Index, which measures the performance of the investment-grade segment of the U.S. municipal bond market as determined by the Index Provider, S&P Dow Jones Indices LLC. This Index includes municipal bonds from issuers that are primarily state or local governments or agencies whose interest is exempt from U.S. federal income taxes and the federal alternative minimum tax (AMT) (excluding bonds issued by U.S. territories and commonwealths and certain other bonds as determined by the Index Provider). To be eligible for inclusion in the Index, each bond must have a rating of at least investment-grade, as determined by a nationally recognized statistical rating organization (NRSRO) (e.g., at least BBB– by Fitch Ratings, Inc), the lowest rating will be used in determining if the bond is investment grade. Each bond must also be denominated in U.S. dollars; generally must be a constituent of a deal where the original offering amount was at least $100 million; and generally have a minimum par amount of $25 million. In addition, to be included in the Index, each bond must have a minimum term to maturity or call date greater than one calendar month.The Fund invests by sampling the Index, meaning that it holds a range of securities that, in the aggregate, approximates the full Index in terms of key risk factors and other characteristics. All of the Fund’s investments will be selected through the sampling process, and at least 80% of the Fund’s assets will be invested in securities held in the Index. Under normal circumstances, at least 80% of the Fund’s assets will be invested in securities whose income will be exempt from federal income taxes and the federal AMT. The Fund seeks to maintain a dollar-weighted average maturity consistent with that of the Index. As of October 31, 2022, the dollar-weighted average maturity of the Index was 13.4 years.
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VTEBX - Performance
Return Ranking - Trailing
Period | VTEBX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.0% | -5.0% | 3.7% | 76.00% |
1 Yr | 4.2% | -4.5% | 4.2% | 1.01% |
3 Yr | 1.7%* | -1.3% | 2.4% | 4.71% |
5 Yr | N/A* | -0.7% | 1.7% | N/A |
10 Yr | N/A* | -0.4% | 2.5% | N/A |
* Annualized
Return Ranking - Calendar
Period | VTEBX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 4.6% | 0.6% | 5.7% | 26.60% |
2022 | -1.4% | -3.5% | -0.2% | 16.09% |
2021 | 3.0% | 0.2% | 4.9% | 19.23% |
2020 | -1.3% | -3.9% | 0.4% | 6.58% |
2019 | N/A | -2.1% | 2.1% | N/A |
Total Return Ranking - Trailing
Period | VTEBX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.0% | -5.0% | 3.7% | 76.00% |
1 Yr | 4.0% | -4.5% | 4.0% | 1.01% |
3 Yr | 1.7%* | -1.3% | 2.8% | 21.18% |
5 Yr | N/A* | -0.7% | 3.0% | N/A |
10 Yr | N/A* | -0.4% | 3.6% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | VTEBX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 4.4% | 0.6% | 5.9% | 31.91% |
2022 | -1.4% | -3.5% | 1.6% | 26.44% |
2021 | 3.0% | 0.5% | 7.0% | 26.92% |
2020 | -1.3% | -3.6% | 2.0% | 23.68% |
2019 | N/A | -0.7% | 3.9% | N/A |
VTEBX - Holdings
Concentration Analysis
VTEBX | Category Low | Category High | VTEBX % Rank | |
---|---|---|---|---|
Net Assets | 5.45 B | 2.94 M | 25 B | 14.85% |
Number of Holdings | 4192 | 10 | 4877 | 6.86% |
Net Assets in Top 10 | 126 M | 1.94 M | 834 M | 47.06% |
Weighting of Top 10 | 2.32% | 2.3% | 99.7% | 100.00% |
Top 10 Holdings
- CALIFORNIA ST 5% 0.31%
- SAN JACINTO TEX CMNTY COLLEGE DIST 5% 0.26%
- NEW YORK N Y CITY MUN WTR FIN AUTH WTR & SWR SYS REV 5% 0.25%
- TEXAS ST 5% 0.24%
- CALIFORNIA ST 5% 0.22%
- HARRIS CNTY TEX MET TRAN AUTH SALES & USE TAX 5% 0.22%
- SAN DIEGO CNTY CALIF REGL TRANSN COMMN SALES TAX REV 5% 0.21%
- SAN ANTONIO TEX ELEC & GAS REV 5% 0.21%
- CALIFORNIA ST 5% 0.20%
- OHIO ST WTR DEV AUTH POLLUTION CTL FACS REV 5% 0.20%
Asset Allocation
Weighting | Return Low | Return High | VTEBX % Rank | |
---|---|---|---|---|
Bonds | 98.56% | 84.44% | 113.60% | 37.25% |
Cash | 1.44% | -15.59% | 12.29% | 63.73% |
Stocks | 0.00% | 0.00% | 1.46% | 99.02% |
Preferred Stocks | 0.00% | -0.11% | 0.00% | 98.04% |
Other | 0.00% | 0.00% | 13.04% | 99.02% |
Convertible Bonds | 0.00% | 0.00% | 1.04% | 99.02% |
Bond Sector Breakdown
Weighting | Return Low | Return High | VTEBX % Rank | |
---|---|---|---|---|
Municipal | 98.56% | 46.78% | 99.97% | 31.37% |
Cash & Equivalents | 1.44% | 0.00% | 17.37% | 65.69% |
Derivative | 0.00% | 0.00% | 0.00% | 99.02% |
Securitized | 0.00% | 0.00% | 4.75% | 99.02% |
Corporate | 0.00% | 0.00% | 5.22% | 99.02% |
Government | 0.00% | 0.00% | 46.84% | 99.02% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | VTEBX % Rank | |
---|---|---|---|---|
US | 98.56% | 84.14% | 104.58% | 24.51% |
Non US | 0.00% | 0.00% | 9.02% | 99.02% |
VTEBX - Expenses
Operational Fees
VTEBX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.17% | 0.08% | 21.19% | 98.00% |
Management Fee | 0.12% | 0.00% | 0.97% | 6.73% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.35% | N/A |
Sales Fees
VTEBX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.25% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
VTEBX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 2.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
VTEBX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 22.00% | 5.00% | 203.00% | 55.10% |
VTEBX - Distributions
Dividend Yield Analysis
VTEBX | Category Low | Category High | VTEBX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 3.04% | 6.73% |
Dividend Distribution Analysis
VTEBX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
VTEBX | Category Low | Category High | VTEBX % Rank | |
---|---|---|---|---|
Net Income Ratio | 2.19% | 0.81% | 3.69% | 65.00% |
Capital Gain Distribution Analysis
VTEBX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Apr 01, 2019 | $0.021 | |
Mar 01, 2019 | $0.019 | |
Feb 01, 2019 | $0.020 | |
Dec 24, 2018 | $0.020 | |
Dec 03, 2018 | $0.019 | |
Nov 01, 2018 | $0.020 | |
Oct 01, 2018 | $0.019 | |
Sep 04, 2018 | $0.020 | |
Aug 01, 2018 | $0.019 | |
Jul 02, 2018 | $0.018 | |
Jun 01, 2018 | $0.018 | |
May 01, 2018 | $0.018 | |
Apr 02, 2018 | $0.018 | |
Mar 01, 2018 | $0.016 | |
Feb 01, 2018 | $0.017 | |
Dec 26, 2017 | $0.017 | |
Dec 01, 2017 | $0.017 | |
Nov 01, 2017 | $0.015 | |
Oct 02, 2017 | $0.017 | |
Sep 01, 2017 | $0.016 | |
Aug 01, 2017 | $0.016 | |
Jul 03, 2017 | $0.016 | |
Jun 01, 2017 | $0.017 | |
May 01, 2017 | $0.017 | |
Apr 03, 2017 | $0.015 | |
Mar 01, 2017 | $0.015 | |
Feb 01, 2017 | $0.013 | |
Dec 22, 2016 | $0.016 | |
Dec 01, 2016 | $0.015 | |
Nov 01, 2016 | $0.012 | |
Oct 03, 2016 | $0.006 | |
Sep 01, 2016 | $0.015 | |
Aug 01, 2016 | $0.012 | |
Jul 01, 2016 | $0.013 | |
Jun 01, 2016 | $0.009 | |
May 02, 2016 | $0.014 | |
Apr 01, 2016 | $0.013 | |
Mar 01, 2016 | $0.013 | |
Feb 01, 2016 | $0.012 | |
Dec 23, 2015 | $0.021 | |
Dec 01, 2015 | $0.001 | |
Nov 02, 2015 | $0.005 | |
Oct 01, 2015 | $0.015 | |
Sep 01, 2015 | $0.004 |