Vanguard Tax-Exempt Bond ETFVTEB

VanguardBonds & CashMunicipal#432 of 786 by YTD

$49.15

+0.4% last session

+0.6% YTD

Data as of 11/5/20264:00 PM ET · End-of-day

Dividend-adjusted total return · S&P 500 uses VOO · Oct 28, 2021 – Nov 5, 2026VTEBS&P 500 · VOO

Returns	1D	1M	3M	YTD	1Y	3Y	5Y	MAX
Total return	+0.4%	+4.8%	−0.5%	+0.6%	+0.9%	+14.6%	+4.2%	+28.4%
Peer average	+0.3%	+4.1%	−0.5%	+0.9%	+1.2%	+15.4%	+2.9%	—
S&P 500 · VOO	−4.4%	−5.7%	−4.9%	+8.4%	+9.8%	+82.2%	+71.6%	—

Key Statistics

Open all fund facts →

AUM: $49.6B
Expense ratio: 0.03%
Distribution yield: 3.5%
NAV: $48.93
Volume: 15.5M
Avg. volume 30D: 29.7M
High today: $49.17
Low today: $48.96
Previous close: $48.96
52-week high: $51.18
52-week low: $46.87
Our risk indicator: 2/5

VTEB in One Breath

VTEB Among Municipal ETFs

YTD

#1MMMANY Life Investments+2.7%$59.8M

#2MYMGSPDR+2.4%$8.6M

#3TAXTFlexShares+2.4%$198M

#4SMMUPIMCO+2.3%$1.3B

#5SHYMiShares+2.2%$929M

#6FTMSFranklin Templeton+2.1%$266M

#7MUNAFlexShares+2.0%$8.0M

#8CGSMCapital Group+2.0%$1.7B

#96VTEBVanguard+0.6%$49.6B

End-of-day Nov 6, 2026 · 141 Municipal ETFs by YTD

$10,000 in VTEB

$10,000 in VTEB became

$10,418

In the S&P 500 (VOO)

$17,156

Total return, dividends in · Oct 28, 2021 – Nov 5, 2026 · S&P 500 uses VOO

VTEB’s Top Holdings

Today

Vanguard MunicVanguard Municipal Low Duration Fund 12/31/20490.7%State of Wis0.2%State of Cal0.1%State of Cal0.1%New York Sta0.1%State of Ill0.1%Ohio State U0.1%City of New 0.1%US Dollar0.1%University o0.1%Illinois Sta0.1%State of Ida0.1%UAB Medicine0.1%Dallas Indep0.1%State of Cal0.1%Texas Depart0.1%City of New 0.1%Los Angeles 0.1%Los Angeles 0.1%New York Cit0.1%Harris Count0.1%New Jersey E0.1%

Vanguard VTEB · 11,153 holdings · top 22 shown · tile size = share of the fund · as of Nov 4, 2026

What VTEB Holds

Today

All holdings100.0%

Vanguard M · State of W · State of C · State of C · New York S · State of I · Ohio State

Vanguard VTEB · share of the fund · as of Nov 4, 2026

Vanguard’s Share of VTEB

Today

0.7%

$7 of every $1,000 in VTEB is Vanguard

Vanguard held by VTEB

$343M

Vanguard VTEB · each square = $10 of $1,000 · as of Nov 4, 2026

VTEB’s Share of Municipal ETFs

Today

20.2%

of the $245B in 166 Municipal ETFs

VTEB$49.6B20.2%

MUB$54.9B22.4%

SUB$13.4B5.4%

163 others$128B52.0%

Municipal ETF AUM · Nov 6, 2026

VTEB Fee per $100 vs Peers

Today

$0.03a year
per $100

$3 a year on $10,000

VTEB$0.03

MUB$0.05

SUB$0.07

CMF$0.08

JMUB$0.18

CGMU$0.27

Expense ratio · Municipal peers · Nov 6, 2026

Inside VTEB

11,153 holdings · as of Nov 4, 2026

VTEB

Vanguard Tax-Exempt Bond ETF

Today

All holdings100.0%11,152 more holdings99.3% of the fund

#	Ticker	Company	Weight ▼
1	—	Vanguard Municipal Low Duration Fund 12/31/2049	0.69%
2	—	State of Wisconsin 5.00% 05/01/2038	0.20%
3	—	State of California 5.00% 08/01/2028	0.15%
4	—	State of California 5.00% 08/01/2029	0.14%
5	—	New York State Dormitory Authority 5.50% 07/01/2054	0.13%
6	—	State of Illinois 5.00% 11/01/2028	0.12%
7	—	Ohio State University/The 5.00% 06/01/2035	0.12%
8	—	City of New York NY 5.00% 08/01/2034	0.10%
9	—	US Dollar	0.10%
10	—	University of California 5.00% 05/15/2036	0.10%

See all 11,156 holdings ↓

Vanguard VTEB · current holdings by weight · as of Nov 4, 2026 · each tile is one holding · top 20 = 2.7%

All VTEB Holdings

11,156 holdings · as of Nov 4, 2026

VTEB

VTEB’s Holdings

Today

#
1	—Vanguard Municipal Low Duration Fund 12/31/2049	0.69%	$69.13	3629.6M	$363.0M
2	—State of California 5.00% 08/01/2028	0.15%	$14.65	749K	$76.9M
3	—State of California 5.00% 08/01/2029	0.14%	$13.93	703K	$73.1M
4	—New York State Dormitory Authority 5.50% 07/01/2054	0.13%	$13.36	690K	$70.1M
5	—State of Illinois 5.00% 11/01/2028	0.12%	$12.28	638K	$64.5M
6	—Ohio State University/The 5.00% 06/01/2035	0.12%	$11.52	562K	$60.5M
7	—City of New York NY 5.00% 08/01/2034	0.10%	$10.43	518K	$54.7M
8	—US Dollar	0.10%	$10.35	54.3M	$54.3M
9	—State of Wisconsin 5.00% 05/01/2038	0.10%	$10.07	500K	$52.8M
10	—State of Wisconsin 5.00% 05/01/2038	0.10%	$9.98	497K	$52.4M
11	—University of California 5.00% 05/15/2036	0.10%	$9.94	488K	$52.2M
12	—Illinois State Toll Highway Authority 5.00% 01/01/2045	0.10%	$9.67	520K	$50.8M
13	—State of Idaho 4.00% 06/30/2027	0.10%	$9.53	500K	$50.1M
14	—UAB Medicine Finance Authority 1.55% 09/01/2056	0.09%	$9.33	490K	$49.0M
15	—Dallas Independent School District 5.00% 02/15/2056	0.09%	$9.14	467K	$48.0M

Vanguard VTEB · every reported holding · per $10,000 = dollars of each holding in a $10,000 stake · as of Nov 4, 2026

How It Compares

VTEB

Vanguard Tax-Exempt Bond ETF’s Peers

YTD


MUB	iSharesRead Desk	0.05%	+0.5%	+0.9%	$54.9B
VTEB	VanguardThis fundRead Desk	0.03%	+0.6%	+0.9%	$49.6B
SUB	iSharesRead Desk	0.07%	+1.6%	+2.4%	$13.4B
JMUB	J.P. MorganRead Desk	0.18%	+0.8%	+1.1%	$9.1B
CGMU	Capital GroupRead Desk	0.27%	+1.1%	+1.7%	$7.6B
CMF	iSharesRead Desk	0.08%	+0.1%	+0.7%	$5.4B

Municipal peers · YTD and past-year returns · as of Nov 6, 2026 · sorted by AUM

Head to Head

Put VTEB head to head with MUB →

MUB vs VTEB

YTD

MUBiShares · MunicipalVTEBVanguard · Municipal

Year to date

+0.5%

+0.6%

VTEB wins+0.0 pts

Past year

+0.9%

Level

Fee

0.05%

0.03%

VTEB winslower fee

Yield

3.3%

3.5%

VTEB wins+0.2 pts

AUM

$54.9B

$49.6B

MUB1.1× more

3–0VTEB wins

iShares MUB and Vanguard VTEB · year-to-date · as of Nov 6, 2026 · AUM not scored

VTEB vs VOO

YTD

VTEB · Vanguard Tax-Exempt Bond

+0.6%

VOO · S&P 500

+8.4%

Gap

7.8 pts

Vanguard VTEB and Vanguard VOO · YTD total return · as of Nov 6, 2026

VTEB vs Its Peer Average

YTD

VTEBAvsBPeer average

1D+0.4%+0.3%

1M+4.8%+4.1%

3M−0.5%−0.5%

YTD+0.6%+0.9%

1Y+0.9%+1.2%

3Y+14.6%+15.4%

5Y+4.2%+2.9%

4–3VTEB wins

165 Municipal peers · each row scaled to its leader

The Details

VTEB

Risk

2/5our risk indicator

CalmerBumpier

Volatility · 1Y3.66%

Deepest drop · 1Y−6.6%

Lowest point · 5Y−11.2%

52-week range

$49.15

$46.87−4.0% from the high$51.18

Vanguard VTEB · past-year price moves · as of Nov 6, 2026

VTEB

Fund Facts

Today

2015launched Aug 21

Tracks[…]

Exchange · CUSIPAMEX · 922907746

StructureETF

Leverage1x

Cost on $10,000$3 a year

Go deeper

Prospectus & documents Trading & liquidity Fees & costs Distributions

Vanguard VTEB · fund facts · as of Nov 6, 2026

VTEB

Payouts by Year

$0.14per share, Nov 2026

Distribution yield3.5%

PaidEvery month

Latest ex-date · paidNov 2 · Nov 4, 2026

12 payouts added up$1.70 a share

Vanguard VTEB · distributions by ex-date · 2021–2026

All Fund FactsDocuments · trading · fees · every payout

Prospectus & Documents

Trading & Liquidity

Net asset value$48.93

Premium / discount[…]

Median spread · 30D[…]

Volume today15.5M

Average volume · 30D29.7M

Shares outstanding[…]

Options[…]

Fees & Costs

Net expense ratio0.03%

Gross expense ratio[…]

Management fee[…]

Cost on $10,000 a year$3.00

Our risk indicator2/5

Estimated yearly cost excludes trading costs and assumes constant assets.

Distributions

Ex-date	Paid	Per share
Nov 2, 2026	Nov 4, 2026	$0.14
Oct 1, 2026	Oct 5, 2026	$0.14
Sep 1, 2026	Sep 3, 2026	$0.14
Aug 3, 2026	Aug 5, 2026	$0.14
Jul 1, 2026	Jul 6, 2026	$0.14
Jun 1, 2026	Jun 3, 2026	$0.14
May 1, 2026	May 5, 2026	$0.14
Apr 1, 2026	Apr 6, 2026	$0.14
Mar 2, 2026	Mar 4, 2026	$0.15
Feb 2, 2026	Feb 4, 2026	$0.14
Dec 18, 2025	Dec 22, 2025	$0.14
Dec 1, 2025	Dec 3, 2025	$0.14

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