Vanguard Tax-Exempt Bond ETFVTEB

VanguardBonds & CashMunicipal#459 of 786 by YTD

$48.96

+0.4% last session

+0.2% YTD

Data as of 11/4/20264:00 PM ET · End-of-day

Dividend-adjusted total return · Dec 31, 2025 – Nov 4, 2026VTEB

Returns	1D	1M	3M	YTD	1Y	3Y	5Y	MAX
Total return	+0.4%	+3.8%	−0.6%	+0.2%	+0.7%	+14.3%	+3.7%	+27.9%
Peer average	+0.3%	+3.3%	−0.5%	+0.6%	+1.0%	+15.1%	+2.7%	—
S&P 500 · VOO	+1.6%	−1.6%	0.0%	+13.4%	+13.5%	+91.7%	+81.2%	—

Key Statistics

Open all fund facts →

AUM: $49.6B
Expense ratio: 0.03%
Distribution yield: 3.5%
NAV: $48.77
Volume: 16.0M
Avg. volume 30D: 30.4M
High today: $49.01
Low today: $48.88
Previous close: $48.75
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+2.6%$59.6M

#2OVMOverlay Shares+2.4%$46.0M

#3MYMGSPDR+2.2%$8.6M

#4TAXTFlexShares+2.1%$197M

#5SMMUPIMCO+2.1%$1.3B

#6FTMSFranklin Templeton+2.0%$265M

#7MYMFSPDR+1.9%$8.7M

#8IBMOiShares+1.9%$498M

#92VTEBVanguard+0.2%$49.6B

End-of-day Nov 5, 2026 · 141 Municipal ETFs by YTD

$10,000 in VTEB

$10,000 in VTEB became

$10,373

In the S&P 500 (VOO)

$18,115

Total return, dividends in · Oct 27, 2021 – Nov 4, 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

20.3%

of the $244B in 166 Municipal ETFs

VTEB$49.6B20.3%

MUB$54.7B22.4%

SUB$13.3B5.5%

163 others$127B51.9%

Municipal ETF AUM · Nov 5, 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 5, 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%

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

How It Compares

VTEB

Vanguard Tax-Exempt Bond ETF’s Peers

YTD


MUB	iSharesRead Desk	0.05%	+0.1%	+0.7%	$54.7B
VTEB	VanguardThis fundRead Desk	0.03%	+0.2%	+0.7%	$49.6B
SUB	iSharesRead Desk	0.07%	+1.5%	+2.3%	$13.3B
JMUB	J.P. MorganRead Desk	0.18%	+0.3%	+0.8%	$9.0B
CGMU	Capital GroupRead Desk	0.27%	+0.8%	+1.4%	$7.5B
CMF	iSharesRead Desk	0.08%	−0.2%	+0.4%	$5.4B

Municipal peers · YTD and past-year returns · as of Nov 5, 2026 · sorted by AUM

Head to Head

Put VTEB head to head with MUB →

MUB vs VTEB

YTD

MUBiShares · MunicipalVTEBVanguard · Municipal

Year to date

+0.1%

+0.2%

VTEB wins+0.1 pts

Past year

+0.7%

Level

Fee

0.05%

0.03%

VTEB winslower fee

Yield

3.3%

3.5%

VTEB wins+0.2 pts

AUM

$54.7B

$49.6B

MUB1.1× more

3–0VTEB wins

iShares MUB and Vanguard VTEB · year-to-date · as of Nov 5, 2026 · AUM not scored

VTEB vs VOO

YTD

VTEB · Vanguard Tax-Exempt Bond

+0.2%

VOO · S&P 500

+13.4%

Gap

13.2 pts

Vanguard VTEB and Vanguard VOO · YTD total return · as of Nov 5, 2026

VTEB vs Its Peer Average

YTD

VTEBAvsBPeer average

1D+0.4%+0.3%

1M+3.8%+3.3%

3M−0.6%−0.5%

YTD+0.2%+0.6%

1Y+0.7%+1.0%

3Y+14.3%+15.1%

5Y+3.7%+2.7%

3–4Peer average wins

165 Municipal peers · each row scaled to its leader

The Details

VTEB

Risk

2/5our risk indicator

CalmerBumpier

Volatility · 1Y3.64%

Deepest drop · 1Y−6.6%

Lowest point · 5Y−11.2%

52-week range

$48.96

$46.87−4.3% from the high$51.18

Vanguard VTEB · past-year price moves · as of Nov 5, 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 5, 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$48.77

Premium / discount[…]

Median spread · 30D[…]

Volume today16.0M

Average volume · 30D30.4M

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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