Vanguard Tax-Exempt Bond (VTEB) ETF Holdings & Analysis

What VTEB does

This index-tracking fund aims to mirror the performance of a specific benchmark, the Standard & Poor's National AMT-Free Municipal Bond Index, which represents the investment-grade segment of the U.S. municipal bond market. It achieves this by employing a sampling strategy, carefully selecting a portion of the index's holdings to replicate its overall characteristics. A minimum of 80% of its assets will be invested in securities included in this target index. Crucially, under typical market conditions, at least 80% of the fund's portfolio will consist of bonds generating income that is exempt from both federal income tax and the federal alternative minimum tax (AMT). A primary risk is its sensitivity to interest rate fluctuations: rising rates can lead to a decrease in bond prices, while falling rates may eventually reduce the income distributed by the fund. This fund is designed for investors seeking potentially tax-free federal income who are comfortable with moderate swings in both investment value and distributed income. To maintain diversification, for 75% of its total assets, the fund generally restricts its holdings: it won't acquire more than 10% of an issuer's voting securities, nor will it invest more than 5% of its total assets in a single issuer's securities. Exceptions to these limits apply when necessary to match the target index's composition or when investing in U.S. government or agency obligations.

Fund profile

Top holdings

Sector allocation

Geographic allocation

PortView Portfolio Insights

PortView analyzes how VTEB fits your actual portfolio — position weight, ETF overlap with your other funds, sector and geographic exposure, concentration, and how this fund contributes to your portfolio risk and return. Connect a portfolio to see your personalized figures; PortView never shows another user's private holdings.

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Frequently asked questions

What does VTEB track?

VTEB is the Vanguard Tax-Exempt Bond ETF, a Bonds & Fixed Income ETF issued by Vanguard.

What is the expense ratio of VTEB?

Expense ratio data for VTEB is shown on the page when available from our data provider.

What are the largest holdings in VTEB?

Top holdings include Vanguard Municipal Low Duration Fund 12/31/2049, US Dollar, City of New York NY 5.00% 08/01/2034, University of California 5.00% 05/15/2036, State of Idaho 4.00% 06/30/2027.

How can PortView analyze VTEB overlap with other ETFs?

PortView computes the holdings overlap between VTEB and the other ETFs and stocks you own, plus your combined sector and geographic exposure, so you can see true diversification.