Vanguard Tax-Exempt Bond ETF
$VTEB · Vanguard · tracks S&P National AMT-Free Municipal Bond Index · since 2015
Dividend yield
3.34%
Expense ratio
0.05%
Assets
$38.4B
About VTEB
Holds investment-grade U.S. municipal bonds exempt from federal income tax. VTEB competes head-on with MUB and offers an extremely low expense ratio for core muni exposure.
Sector exposure
- General Obligation33.6%
- Revenue - Transportation14.2%
- Revenue - Utilities13.4%
- Revenue - Education11.8%
- Revenue - Healthcare9.6%
- Revenue - Housing6.4%
- Other Revenue11.0%
How StockWorthy analyses VTEB
ETFs hold companies rather than generating cash flow themselves, so VTEB is assessed on cost, income and the valuation of what it owns: the expense ratio, the current yield against its own 2.28% long-run average, and a holdings-weighted P/E and growth rate built from the underlying positions. Figures are educational and not investment advice.
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