Vanguard Municipal Bond Funds - Vanguard Long-Term Tax-Exempt Bond ETFVTEL

VanguardBonds & CashMunicipal#644 of 785 by YTD

$99.22

0.0% last session

−1.1% YTD

Data as of 11/3/20264:00 PM ET · End-of-day

Dividend-adjusted total return · S&P 500 uses VOO · Dec 31, 2025 – Nov 4, 2026VTELS&P 500 · VOO

Returns	1D	1M	3M	YTD	1Y	3Y	5Y	MAX
Total return	0.0%	+3.8%	−2.0%	−1.1%	−0.9%	—	—	+5.4%
Peer average	0.0%	+2.9%	−0.9%	+0.3%	+0.6%	+14.6%	+2.5%	—
S&P 500 · VOO	+0.3%	−2.6%	−1.7%	+11.5%	+11.9%	+90.9%	+77.5%	—

Key Statistics

Open all fund facts →

AUM: $417M
Expense ratio: 0.09%
Distribution yield: 4.0%
NAV: $99.44
Volume: 125K
Avg. volume 30D: 224K
High today: $99.36
Low today: $99.03
Previous close: $99.19
52-week high: $105.84
52-week low: $94.76
Our risk indicator: 2/5

VTEL in One Breath

VTEL Among Municipal ETFs

YTD

#1MMMANY Life Investments+2.2%$59.3M

#2MYMGSPDR+1.9%$8.6M

#3SMMUPIMCO+1.9%$1.3B

#4MYMFSPDR+1.9%$8.7M

#5IBMOiShares+1.9%$499M

#6FTMSFranklin Templeton+1.9%$265M

#7MMSDNY Life Investments+1.8%$87.1M

#8MUNAFlexShares+1.8%$8.0M

#132VTELVanguard−1.1%$417M

End-of-day Nov 4, 2026 · 141 Municipal ETFs by YTD

$10,000 in VTEL

$10,000 in VTEL became

$10,611

In the S&P 500 (VOO)

$13,379

Total return, dividends in · May 22, 2025 – Nov 4, 2026 · S&P 500 uses VOO

VTEL’s Top Holdings

Today

Vanguard MunicVanguard Municipal Low Duration Fund 12/31/20491.3%State of Cal0.2%New York Sta0.2%New York Cit0.2%New York Cit0.2%California S0.2%City of New 0.2%State of Cal0.1%New York Cit0.1%State of Cal0.1%Battery Park0.1%State of Mar0.1%State of Cal0.1%Kentucky Sta0.1%New York Cit0.1%New York Sta0.1%Grand Parkwa0.1%Los Angeles 0.1%US Dollar0.1%Texas Water 0.1%Kentucky Sta0.1%City of New 0.1%

Vanguard VTEL · 4,923 holdings · top 22 shown · tile size = share of the fund · as of Nov 4, 2026

What VTEL Holds

Today

All holdings100.0%

Vanguard M 1.3 · State of C · New York S · New York C · New York C · California · City of Ne

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

Vanguard’s Share of VTEL

Today

1.3%

$13 of every $1,000 in VTEL is Vanguard

Vanguard held by VTEL

$5.4M

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

VTEL’s Share of Municipal ETFs

Today

0.2%

of the $244B in 166 Municipal ETFs

VTEL$417M0.2%

MUB$54.5B22.3%

VTEB$49.6B20.3%

163 others$139B57.1%

Municipal ETF AUM · Nov 4, 2026

VTEL Fee per $100 vs Peers

Today

$0.09a year
per $100

$9 a year on $10,000

VTEB$0.03

MUB$0.05

SUB$0.07

VTEL$0.09

JMUB$0.18

CGMU$0.27

Expense ratio · Municipal peers · Nov 4, 2026

Inside VTEL

4,923 holdings · as of Nov 4, 2026

VTEL

Vanguard Municipal Bond Funds - Vanguard Long-Term Tax-Exempt Bond ETF

Today

All holdings100.0%4,922 more holdings98.7% of the fund

#	Ticker	Company	Weight ▼
1	—	Vanguard Municipal Low Duration Fund 12/31/2049	1.29%
2	—	State of California 5.00% 08/01/2050	0.20%
3	—	New York State Dormitory Authority 5.50% 07/01/2054	0.18%
4	—	New York City Transitional Finance Authority Future Tax Secured Revenue 5.50% 11/01/2054	0.18%
5	—	New York City Municipal Water Finance Authority 5.25% 06/15/2054	0.17%
6	—	California State University 5.00% 11/01/2042	0.17%
7	—	City of New York NY 5.00% 04/01/2037	0.15%
8	—	State of California 5.00% 08/01/2046	0.14%
9	—	New York City Municipal Water Finance Authority 5.00% 06/15/2049	0.14%
10	—	State of California 5.00% 08/01/2043	0.13%

Vanguard VTEL · current holdings by weight · as of Nov 4, 2026 · each tile is one holding · top 20 = 3.9%

How It Compares

VTEL

Vanguard Municipal Bond Funds - Vanguard Long-Term Tax-Exempt Bond ETF’s Peers

YTD


MUB	iSharesRead Desk	0.05%	−0.4%	+0.1%	$54.5B
VTEB	VanguardRead Desk	0.03%	−0.3%	+0.1%	$49.6B
SUB	iSharesRead Desk	0.07%	+1.4%	+2.2%	$13.3B
JMUB	J.P. MorganRead Desk	0.18%	0.0%	+0.3%	$9.0B
CGMU	Capital GroupRead Desk	0.27%	+0.5%	+1.1%	$7.5B
VTEL	VanguardThis fundRead Desk	0.09%	−1.1%	−0.9%	$417M

Municipal peers · YTD and past-year returns · as of Nov 4, 2026 · sorted by AUM

Head to Head

Put VTEL head to head with MUB →

MUB vs VTEL

YTD

MUBiShares · MunicipalVTELVanguard · Municipal

Year to date

−0.4%

−1.1%

MUB wins+0.8 pts

Past year

+0.1%

−0.9%

MUB wins+1.0 pt

Fee

0.05%

0.09%

MUB winslower fee

Yield

3.3%

4.0%

VTEL wins+0.7 pts

AUM

$54.5B

$417M

MUB130.6× more

3–1MUB wins

iShares MUB and Vanguard VTEL · year-to-date · as of Nov 4, 2026 · AUM not scored

VTEL vs VOO

YTD

VTEL · Vanguard Municipal Bond Funds - Vanguard Long-Term Tax-Exempt Bond

−1.1%

VOO · S&P 500

+11.5%

Gap

12.7 pts

Vanguard VTEL and Vanguard VOO · YTD total return · as of Nov 4, 2026

VTEL vs Its Peer Average

YTD

VTELAvsBPeer average

1D0.0%0.0%

1M+3.8%+2.9%

3M−2.0%−0.9%

YTD−1.1%+0.3%

1Y−0.9%+0.6%

3Y[…]+14.6%

5Y[…]+2.5%

2–3Peer average wins

165 Municipal peers · each row scaled to its leader

The Details

VTEL

Risk

2/5our risk indicator

CalmerBumpier

Volatility · 1Y4.64%

Deepest drop · 1Y−8.6%

Lowest point · 5Y−0.9%

52-week range

$99.22

$94.76−6.3% from the high$105.84

Vanguard VTEL · past-year price moves · as of Nov 4, 2026

VTEL

Fund Facts

Today

2025launched May 20

Tracks[…]

Exchange · CUSIPCBOE · 922907688

StructureETF

Leverage1x

Cost on $10,000$9 a year

Go deeper

Prospectus & documents Trading & liquidity Fees & costs Distributions

Vanguard VTEL · fund facts · as of Nov 4, 2026

VTEL

Payouts by Year

$0.33per share, Nov 2026

Distribution yield4.0%

PaidEvery month

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

12 payouts added up$3.93 a share

Vanguard VTEL · distributions by ex-date · 2025–2026

All Fund FactsDocuments · trading · fees · every payout

Prospectus & Documents

SEC reported portfolio · 2026-07-31 ↗SEC reported portfolio · 2026-04-30 ↗SEC reported portfolio · 2026-01-31 ↗summary prospectus · SEC 497K ↗SEC reported portfolio · 2025-10-31 ↗SEC reported portfolio · 2025-07-31 ↗prospectus · SEC 485BPOS ↗summary prospectus · SEC 497K ↗prospectus · SEC 485APOS ↗

Trading & Liquidity

Net asset value$99.44

Premium / discount[…]

Median spread · 30D[…]

Volume today125K

Average volume · 30D224K

Shares outstanding[…]

Options[…]

Fees & Costs

Net expense ratio0.09%

Gross expense ratio[…]

Management fee[…]

Cost on $10,000 a year$9.00

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	$0.33
Oct 1, 2026	Oct 5, 2026	$0.32
Sep 1, 2026	Sep 3, 2026	$0.31
Aug 3, 2026	Aug 5, 2026	$0.31
Jul 1, 2026	Jul 6, 2026	$0.34
Jun 1, 2026	Jun 3, 2026	$0.33
May 1, 2026	May 5, 2026	$0.34
Apr 1, 2026	Apr 6, 2026	$0.34
Mar 2, 2026	Mar 4, 2026	$0.31
Feb 2, 2026	Feb 4, 2026	$0.33
Dec 18, 2025	Dec 22, 2025	$0.34
Dec 1, 2025	Dec 3, 2025	$0.33

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