Continue to site >
Trending ETFs

Name

Price

Aum/Mkt Cap

YIELD

Exp Ratio

Watchlist

$20.34

$18.1 B

2.58%

$0.53

0.09%

Vitals

YTD Return

2.9%

1 yr return

-5.0%

3 Yr Avg Return

-2.2%

5 Yr Avg Return

-0.1%

Net Assets

$18.1 B

Holdings in Top 10

2.6%

52 WEEK LOW AND HIGH

$20.3
$18.98
$21.51

Expenses

OPERATING FEES

Expense Ratio 0.09%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 11.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$3,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

Price

Aum/Mkt Cap

YIELD

Exp Ratio

Watchlist

$20.34

$18.1 B

2.58%

$0.53

0.09%

VTEAX - Profile

Distributions

  • YTD Total Return 2.9%
  • 3 Yr Annualized Total Return -2.2%
  • 5 Yr Annualized Total Return -0.1%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 1.66%
DIVIDENDS
  • Dividend Yield 2.6%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Vanguard Tax-Exempt Bond Index Fund
  • Fund Family Name
    Vanguard
  • Inception Date
    Aug 25, 2015
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Stephen McFee

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 marketas 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, 2021, the dollar-weighted average maturity of the Index was 13.3 years.
Read More

VTEAX - Performance

Return Ranking - Trailing

Period VTEAX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.9% -86.8% 7.5% 26.60%
1 Yr -5.0% -20.9% 15.7% 46.60%
3 Yr -2.2%* -10.2% 52.2% 40.36%
5 Yr -0.1%* -5.1% 29.7% 28.78%
10 Yr N/A* -3.2% 13.6% N/A

* Annualized

Return Ranking - Calendar

Period VTEAX Return Category Return Low Category Return High Rank in Category (%)
2022 -10.1% -91.1% 101.7% 48.11%
2021 -0.1% -79.2% 102.5% 45.46%
2020 1.0% -66.1% 60.0% 9.18%
2019 1.2% -57.4% 7.6% 22.60%
2018 -0.3% -35.9% 3.2% 20.20%

Total Return Ranking - Trailing

Period VTEAX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.9% -86.8% 7.5% 27.59%
1 Yr -5.0% -20.9% 15.4% 47.19%
3 Yr -2.2%* -10.2% 52.2% 41.95%
5 Yr -0.1%* -5.1% 29.7% 33.89%
10 Yr N/A* -3.2% 13.6% N/A

* Annualized

Total Return Ranking - Calendar

Period VTEAX Return Category Return Low Category Return High Rank in Category (%)
2022 -10.1% -91.1% 101.7% 48.13%
2021 -0.1% -79.2% 102.5% 45.48%
2020 1.0% -66.1% 60.0% 9.27%
2019 1.2% -57.4% 7.6% 22.69%
2018 -0.3% -35.9% 3.2% 22.76%

NAV & Total Return History


VTEAX - Holdings

Concentration Analysis

VTEAX Category Low Category High VTEAX % Rank
Net Assets 18.1 B 2.87 M 73.9 B 0.83%
Number of Holdings 6420 1 14000 0.32%
Net Assets in Top 10 474 M -317 M 8.64 B 5.17%
Weighting of Top 10 2.60% 2.4% 100.0% 99.86%

Top 10 Holdings

  1. NEW YORK ST DORM AUTH ST PERS INCOME TAX REV 0.36%
  2. NEW YORK N Y 0.33%
  3. DENVER COLO CITY & CNTY 0.29%
  4. HONOLULU HAWAII CITY & CNTY 0.29%
  5. TEXAS ST 0.28%
  6. NEW JERSEY ST 0.27%
  7. FLORIDA ST BRD ED PUB ED 0.26%
  8. NEW YORK N Y CITY MUN WTR FIN AUTH WTR & SWR SYS REV 0.26%
  9. DENVER COLO CITY & CNTY DEDICATED TAX REV 0.25%
  10. NEW YORK ST DORM AUTH ST PERS INCOME TAX REV 0.25%

Asset Allocation

Weighting Return Low Return High VTEAX % Rank
Bonds
95.74% 0.00% 150.86% 84.32%
Cash
4.26% -50.86% 100.00% 15.46%
Stocks
0.00% -0.03% 4.63% 80.61%
Preferred Stocks
0.00% -1.79% 0.04% 79.55%
Other
0.00% -13.03% 30.01% 79.59%
Convertible Bonds
0.00% 0.00% 0.93% 79.95%

Bond Sector Breakdown

Weighting Return Low Return High VTEAX % Rank
Municipal
95.74% 0.00% 100.00% 81.86%
Cash & Equivalents
4.26% 0.00% 100.00% 16.42%
Derivative
0.00% 0.00% 21.68% 79.73%
Securitized
0.00% 0.00% 5.93% 80.36%
Corporate
0.00% 0.00% 9.99% 83.72%
Government
0.00% 0.00% 52.02% 82.27%

Bond Geographic Breakdown

Weighting Return Low Return High VTEAX % Rank
US
95.73% 0.00% 142.23% 66.85%
Non US
0.01% 0.00% 62.14% 62.95%

VTEAX - Expenses

Operational Fees

VTEAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.09% 0.02% 3.60% 99.59%
Management Fee 0.09% 0.00% 1.10% 2.07%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.44% N/A

Sales Fees

VTEAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 4.90% N/A
Deferred Load N/A 0.25% 5.50% N/A

Trading Fees

VTEAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% 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.

VTEAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 11.00% 0.00% 283.00% 28.66%

VTEAX - Distributions

Dividend Yield Analysis

VTEAX Category Low Category High VTEAX % Rank
Dividend Yield 2.58% 0.00% 35.27% 43.82%

Dividend Distribution Analysis

VTEAX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

VTEAX Category Low Category High VTEAX % Rank
Net Income Ratio 1.66% -0.53% 24.00% 64.88%

Capital Gain Distribution Analysis

VTEAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

View More +

VTEAX - Fund Manager Analysis

Managers

Stephen McFee


Start Date

Tenure

Tenure Rank

Feb 07, 2020

2.31

2.3%

Stephen M. McFee, CFA, Portfolio Manager and co-lead of the municipal revenue team in Vanguard's Fixed Income Group. He has been with Vanguard since 2005, has worked in investment management since 2007. Education: B.A./B.S., East Stroudsburg University; M.S., St. Joseph's University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 35.05 7.22 1.58